TECNOGLASS INC (TGLS) Stock Fundamental Analysis
USA - NYSE:TGLS - KYG872641009 - Common Stock
70.09 USD
-0.37 (-0.53%)
68.9 USD
-1.19 (-1.7%)
TGLS gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 41 industry peers in the Building Products industry. TGLS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TGLS is not valued too expensively and it also shows a decent growth rate. These ratings could make TGLS a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
TGLS had positive earnings in the past year.
TGLS had a positive operating cash flow in the past year.
In the past 5 years TGLS has always been profitable.
In the past 5 years TGLS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 15.48%, TGLS belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.84%, TGLS belongs to the top of the industry, outperforming 80.49% of the companies in the same industry.
TGLS has a better Return On Invested Capital (21.04%) than 87.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TGLS is significantly above the industry average of 12.76%.
The 3 year average ROIC (25.80%) for TGLS is well above the current ROIC(21.04%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROIC | 21.04% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
1.3 Margins
TGLS has a better Profit Margin (19.13%) than 100.00% of its industry peers.
TGLS's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 26.72%, TGLS belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
TGLS's Operating Margin has improved in the last couple of years.
TGLS has a better Gross Margin (44.74%) than 87.80% of its industry peers.
TGLS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% |
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TGLS is creating value.
Compared to 1 year ago, TGLS has about the same amount of shares outstanding.
Compared to 5 years ago, TGLS has more shares outstanding
TGLS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 7.03 indicates that TGLS is not in any danger for bankruptcy at the moment.
The Altman-Z score of TGLS (7.03) is better than 85.37% of its industry peers.
The Debt to FCF ratio of TGLS is 1.99, which is an excellent value as it means it would take TGLS, only 1.99 years of fcf income to pay off all of its debts.
TGLS has a better Debt to FCF ratio (1.99) than 73.17% of its industry peers.
TGLS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
TGLS has a better Debt to Equity ratio (0.15) than 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Altman-Z | 7.03 |
ROIC/WACC2.03
WACC10.36%
2.3 Liquidity
A Current Ratio of 2.00 indicates that TGLS should not have too much problems paying its short term obligations.
TGLS has a Current ratio (2.00) which is comparable to the rest of the industry.
A Quick Ratio of 1.44 indicates that TGLS should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.44, TGLS perfoms like the industry average, outperforming 58.54% of the companies in the same industry.
The current and quick ratio evaluation for TGLS is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
TGLS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.64%, which is quite impressive.
Measured over the past years, TGLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 39.54% on average per year.
Looking at the last year, TGLS shows a quite strong growth in Revenue. The Revenue has grown by 16.90% in the last year.
TGLS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.62% yearly.
EPS 1Y (TTM)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
3.2 Future
Based on estimates for the next years, TGLS will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.29% on average per year.
The Revenue is expected to grow by 7.33% on average over the next years.
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue Next Year12.71%
Revenue Next 2Y11.97%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.18, the valuation of TGLS can be described as rather expensive.
Based on the Price/Earnings ratio, TGLS is valued a bit cheaper than 68.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. TGLS is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.26, which indicates a correct valuation of TGLS.
73.17% of the companies in the same industry are more expensive than TGLS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TGLS to the average of the S&P500 Index (22.86), we can say TGLS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 14.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TGLS is valued a bit cheaper than the industry average as 70.73% of the companies are valued more expensively.
TGLS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. TGLS is more expensive than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 60.11 | ||
| EV/EBITDA | 11.48 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TGLS may justify a higher PE ratio.
TGLS's earnings are expected to grow with 12.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.09
PEG (5Y)0.43
EPS Next 2Y16.03%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
TGLS has a yearly dividend return of 0.82%, which is pretty low.
TGLS's Dividend Yield is a higher than the industry average which is at 1.13.
Compared to an average S&P500 Dividend Yield of 2.38, TGLS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
5.2 History
The dividend of TGLS is nicely growing with an annual growth rate of 27.74%!
TGLS has been paying a dividend for at least 10 years, so it has a reliable track record.
TGLS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)27.74%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
TGLS pays out 13.36% of its income as dividend. This is a sustainable payout ratio.
TGLS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.36%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
70.09
-0.37 (-0.53%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners55.16%
Inst Owner Change2.96%
Ins Owners0%
Ins Owner Change-7.09%
Market Cap3.29B
Analysts82
Price Target96.65 (37.89%)
Short Float %8.66%
Short Ratio6.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
Yearly Dividend0.42
Dividend Growth(5Y)27.74%
DP13.36%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.63%
Min EPS beat(2)5.41%
Max EPS beat(2)9.86%
EPS beat(4)4
Avg EPS beat(4)5.46%
Min EPS beat(4)0.68%
Max EPS beat(4)9.86%
EPS beat(8)6
Avg EPS beat(8)2.85%
EPS beat(12)10
Avg EPS beat(12)7.98%
EPS beat(16)14
Avg EPS beat(16)10.75%
Revenue beat(2)2
Avg Revenue beat(2)1.89%
Min Revenue beat(2)1.59%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.21%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)6
Avg Revenue beat(12)1.66%
Revenue beat(16)9
Avg Revenue beat(16)2.57%
PT rev (1m)0%
PT rev (3m)2.71%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-6.97%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)2.25%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 14.26 | ||
| P/S | 3.45 | ||
| P/FCF | 60.11 | ||
| P/OCF | 19.69 | ||
| P/B | 4.47 | ||
| P/tB | 4.75 | ||
| EV/EBITDA | 11.48 |
EPS(TTM)4.08
EY5.82%
EPS(NY)4.91
Fwd EY7.01%
FCF(TTM)1.17
FCFY1.66%
OCF(TTM)3.56
OCFY5.08%
SpS20.34
BVpS15.66
TBVpS14.75
PEG (NY)1.09
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.48% | ||
| ROE | 24.84% | ||
| ROCE | 29.67% | ||
| ROIC | 21.04% | ||
| ROICexc | 25.16% | ||
| ROICexgc | 26.76% | ||
| OM | 26.72% | ||
| PM (TTM) | 19.13% | ||
| GM | 44.74% | ||
| FCFM | 5.73% |
ROA(3y)18.69%
ROA(5y)14.42%
ROE(3y)34.52%
ROE(5y)28.6%
ROIC(3y)25.8%
ROIC(5y)21.42%
ROICexc(3y)31.86%
ROICexc(5y)26.41%
ROICexgc(3y)33.63%
ROICexgc(5y)28.08%
ROCE(3y)36.38%
ROCE(5y)30.2%
ROICexcg growth 3Y2.27%
ROICexcg growth 5Y18.89%
ROICexc growth 3Y3.41%
ROICexc growth 5Y19.71%
OM growth 3Y2.69%
OM growth 5Y13.32%
PM growth 3Y9.7%
PM growth 5Y26.09%
GM growth 3Y1.53%
GM growth 5Y6.26%
F-Score5
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.99 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 375.65% | ||
| Cap/Sales | 11.77% | ||
| Interest Coverage | 32.91 | ||
| Cash Conversion | 58.63% | ||
| Profit Quality | 29.97% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 7.03 |
F-Score5
WACC10.36%
ROIC/WACC2.03
Cap/Depr(3y)339.62%
Cap/Depr(5y)270.82%
Cap/Sales(3y)9.41%
Cap/Sales(5y)8.69%
Profit Quality(3y)45.01%
Profit Quality(5y)90.99%
High Growth Momentum
Growth
EPS 1Y (TTM)23.64%
EPS 3Y28.76%
EPS 5Y39.54%
EPS Q2Q%19.77%
EPS Next Y15.76%
EPS Next 2Y16.03%
EPS Next 3Y12.32%
EPS Next 5Y10.29%
Revenue 1Y (TTM)16.9%
Revenue growth 3Y21.46%
Revenue growth 5Y15.62%
Sales Q2Q%16.34%
Revenue Next Year12.71%
Revenue Next 2Y11.97%
Revenue Next 3Y8.89%
Revenue Next 5Y7.33%
EBIT growth 1Y25.45%
EBIT growth 3Y24.72%
EBIT growth 5Y31.02%
EBIT Next Year38.21%
EBIT Next 3Y16.14%
EBIT Next 5Y12.33%
FCF growth 1Y39.77%
FCF growth 3Y11.4%
FCF growth 5Y164.7%
OCF growth 1Y37.01%
OCF growth 3Y13.28%
OCF growth 5Y46.01%