THERMADOR GROUPE (THEP.PA) Fundamental Analysis & Valuation

EPA:THEP • FR0013333432

75.3 EUR
+0.1 (+0.13%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This THEP.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to THEP. THEP was compared to 17 industry peers in the Trading Companies & Distributors industry. Both the health and profitability get an excellent rating, making THEP a very profitable company, without any liquidiy or solvency issues. THEP has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. THEP.PA Profitability Analysis

1.1 Basic Checks

  • THEP had positive earnings in the past year.
  • In the past year THEP had a positive cash flow from operations.
  • Each year in the past 5 years THEP has been profitable.
  • In the past 5 years THEP always reported a positive cash flow from operatings.
THEP.PA Yearly Net Income VS EBIT VS OCF VS FCFTHEP.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M

1.2 Ratios

  • The Return On Assets of THEP (7.51%) is better than 82.35% of its industry peers.
  • The Return On Equity of THEP (10.75%) is better than 64.71% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.54%, THEP is in the better half of the industry, outperforming 70.59% of the companies in the same industry.
  • THEP had an Average Return On Invested Capital over the past 3 years of 13.65%. This is above the industry average of 10.48%.
  • The last Return On Invested Capital (9.54%) for THEP is well below the 3 year average (13.65%), which needs to be investigated, but indicates that THEP had better years and this may not be a problem.
Industry RankSector Rank
ROA 7.51%
ROE 10.75%
ROIC 9.54%
ROA(3y)10.45%
ROA(5y)10.6%
ROE(3y)15.47%
ROE(5y)16.08%
ROIC(3y)13.65%
ROIC(5y)14.44%
THEP.PA Yearly ROA, ROE, ROICTHEP.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of THEP (8.40%) is better than 76.47% of its industry peers.
  • THEP's Profit Margin has been stable in the last couple of years.
  • THEP's Operating Margin of 11.39% is amongst the best of the industry. THEP outperforms 82.35% of its industry peers.
  • In the last couple of years the Operating Margin of THEP has declined.
  • The Gross Margin of THEP (27.67%) is better than 64.71% of its industry peers.
  • In the last couple of years the Gross Margin of THEP has remained more or less at the same level.
Industry RankSector Rank
OM 11.39%
PM (TTM) 8.4%
GM 27.67%
OM growth 3Y-7.42%
OM growth 5Y-1.63%
PM growth 3Y-6.53%
PM growth 5Y0.23%
GM growth 3Y-0.93%
GM growth 5Y0.03%
THEP.PA Yearly Profit, Operating, Gross MarginsTHEP.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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8

2. THEP.PA Health Analysis

2.1 Basic Checks

  • THEP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • THEP has less shares outstanding than it did 1 year ago.
  • THEP has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, THEP has an improved debt to assets ratio.
THEP.PA Yearly Shares OutstandingTHEP.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
THEP.PA Yearly Total Debt VS Total AssetsTHEP.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.2 Solvency

  • THEP has an Altman-Z score of 5.16. This indicates that THEP is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of THEP (5.16) is better than 70.59% of its industry peers.
  • THEP has a debt to FCF ratio of 0.96. This is a very positive value and a sign of high solvency as it would only need 0.96 years to pay back of all of its debts.
  • The Debt to FCF ratio of THEP (0.96) is better than 82.35% of its industry peers.
  • A Debt/Equity ratio of 0.09 indicates that THEP is not too dependend on debt financing.
  • THEP has a Debt to Equity ratio of 0.09. This is in the better half of the industry: THEP outperforms 76.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.96
Altman-Z 5.16
ROIC/WACC1.2
WACC7.92%
THEP.PA Yearly LT Debt VS Equity VS FCFTHEP.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 3.03 indicates that THEP has no problem at all paying its short term obligations.
  • The Current ratio of THEP (3.03) is better than 76.47% of its industry peers.
  • THEP has a Quick Ratio of 1.51. This is a normal value and indicates that THEP is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of THEP (1.51) is better than 70.59% of its industry peers.
Industry RankSector Rank
Current Ratio 3.03
Quick Ratio 1.51
THEP.PA Yearly Current Assets VS Current LiabilitesTHEP.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. THEP.PA Growth Analysis

3.1 Past

  • THEP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.58%.
  • Measured over the past 5 years, THEP shows a small growth in Earnings Per Share. The EPS has been growing by 6.56% on average per year.
  • The Revenue has decreased by -7.15% in the past year.
  • THEP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.44% yearly.
EPS 1Y (TTM)-13.58%
EPS 3Y-5.32%
EPS 5Y6.56%
EPS Q2Q%-11.88%
Revenue 1Y (TTM)-7.15%
Revenue growth 3Y1.18%
Revenue growth 5Y6.44%
Sales Q2Q%-4.73%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.10% on average over the next years.
  • The Revenue is expected to grow by 2.90% on average over the next years.
EPS Next Y-1.62%
EPS Next 2Y5.07%
EPS Next 3Y5.1%
EPS Next 5YN/A
Revenue Next Year-2.33%
Revenue Next 2Y1.69%
Revenue Next 3Y2.9%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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.
THEP.PA Yearly Revenue VS EstimatesTHEP.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
THEP.PA Yearly EPS VS EstimatesTHEP.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

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4

4. THEP.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.63, THEP is valued on the expensive side.
  • THEP's Price/Earnings ratio is a bit cheaper when compared to the industry. THEP is cheaper than 76.47% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. THEP is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 13.03 indicates a correct valuation of THEP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of THEP indicates a somewhat cheap valuation: THEP is cheaper than 70.59% of the companies listed in the same industry.
  • THEP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.63
Fwd PE 13.03
THEP.PA Price Earnings VS Forward Price EarningsTHEP.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 64.71% of the companies in the same industry are more expensive than THEP, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as THEP.
Industry RankSector Rank
P/FCF 14.39
EV/EBITDA 9.92
THEP.PA Per share dataTHEP.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • THEP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.69
EPS Next 2Y5.07%
EPS Next 3Y5.1%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. THEP.PA Dividend Analysis

5.1 Amount

  • THEP has a Yearly Dividend Yield of 2.65%. Purely for dividend investing, there may be better candidates out there.
  • THEP's Dividend Yield is rather good when compared to the industry average which is at 1.75. THEP pays more dividend than 88.24% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, THEP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.65%

5.2 History

  • The dividend of THEP has a limited annual growth rate of 3.55%.
Dividend Growth(5Y)3.55%
Div Incr Years0
Div Non Decr Years6
THEP.PA Yearly Dividends per shareTHEP.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 46.24% of the earnings are spent on dividend by THEP. This is a bit on the high side, but may be sustainable.
  • THEP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.24%
EPS Next 2Y5.07%
EPS Next 3Y5.1%
THEP.PA Yearly Income VS Free CF VS DividendTHEP.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M
THEP.PA Dividend Payout.THEP.PA Dividend Payout, showing the Payout Ratio.THEP.PA Dividend Payout.PayoutRetained Earnings

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THEP.PA Fundamentals: All Metrics, Ratios and Statistics

THERMADOR GROUPE

EPA:THEP (3/6/2026, 7:00:00 PM)

75.3

+0.1 (+0.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)10-15
Earnings (Next)03-02
Inst Owners29.73%
Inst Owner ChangeN/A
Ins Owners21%
Ins Owner ChangeN/A
Market Cap692.76M
Revenue(TTM)491.03M
Net Income(TTM)41.25M
Analysts86.67
Price Target94.01 (24.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.65%
Yearly Dividend2.08
Dividend Growth(5Y)3.55%
DP46.24%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.36%
PT rev (3m)3.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.64%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.46%
Valuation
Industry RankSector Rank
PE 17.63
Fwd PE 13.03
P/S 1.41
P/FCF 14.39
P/OCF 13.41
P/B 1.81
P/tB 2.51
EV/EBITDA 9.92
EPS(TTM)4.27
EY5.67%
EPS(NY)5.78
Fwd EY7.68%
FCF(TTM)5.23
FCFY6.95%
OCF(TTM)5.61
OCFY7.46%
SpS53.37
BVpS41.71
TBVpS30.05
PEG (NY)N/A
PEG (5Y)2.69
Graham Number63.31
Profitability
Industry RankSector Rank
ROA 7.51%
ROE 10.75%
ROCE 12.99%
ROIC 9.54%
ROICexc 11.18%
ROICexgc 15.78%
OM 11.39%
PM (TTM) 8.4%
GM 27.67%
FCFM 9.8%
ROA(3y)10.45%
ROA(5y)10.6%
ROE(3y)15.47%
ROE(5y)16.08%
ROIC(3y)13.65%
ROIC(5y)14.44%
ROICexc(3y)14.98%
ROICexc(5y)16.05%
ROICexgc(3y)20.78%
ROICexgc(5y)21.94%
ROCE(3y)18.71%
ROCE(5y)19.78%
ROICexgc growth 3Y-11.8%
ROICexgc growth 5Y-3.81%
ROICexc growth 3Y-13.76%
ROICexc growth 5Y-4.34%
OM growth 3Y-7.42%
OM growth 5Y-1.63%
PM growth 3Y-6.53%
PM growth 5Y0.23%
GM growth 3Y-0.93%
GM growth 5Y0.03%
F-Score4
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.96
Debt/EBITDA 0.53
Cap/Depr 28.92%
Cap/Sales 0.72%
Interest Coverage 250
Cash Conversion 75.88%
Profit Quality 116.7%
Current Ratio 3.03
Quick Ratio 1.51
Altman-Z 5.16
F-Score4
WACC7.92%
ROIC/WACC1.2
Cap/Depr(3y)76.71%
Cap/Depr(5y)111.42%
Cap/Sales(3y)1.37%
Cap/Sales(5y)1.86%
Profit Quality(3y)88.24%
Profit Quality(5y)74.93%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.58%
EPS 3Y-5.32%
EPS 5Y6.56%
EPS Q2Q%-11.88%
EPS Next Y-1.62%
EPS Next 2Y5.07%
EPS Next 3Y5.1%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.15%
Revenue growth 3Y1.18%
Revenue growth 5Y6.44%
Sales Q2Q%-4.73%
Revenue Next Year-2.33%
Revenue Next 2Y1.69%
Revenue Next 3Y2.9%
Revenue Next 5YN/A
EBIT growth 1Y-17.46%
EBIT growth 3Y-6.33%
EBIT growth 5Y4.7%
EBIT Next Year12.35%
EBIT Next 3Y10.24%
EBIT Next 5YN/A
FCF growth 1Y-3.82%
FCF growth 3Y62.76%
FCF growth 5Y15.2%
OCF growth 1Y-13.79%
OCF growth 3Y37.61%
OCF growth 5Y11.45%

THERMADOR GROUPE / THEP.PA FAQ

Can you provide the ChartMill fundamental rating for THERMADOR GROUPE?

ChartMill assigns a fundamental rating of 6 / 10 to THEP.PA.


What is the valuation status for THEP stock?

ChartMill assigns a valuation rating of 4 / 10 to THERMADOR GROUPE (THEP.PA). This can be considered as Fairly Valued.


What is the profitability of THEP stock?

THERMADOR GROUPE (THEP.PA) has a profitability rating of 7 / 10.


Can you provide the financial health for THEP stock?

The financial health rating of THERMADOR GROUPE (THEP.PA) is 8 / 10.


Can you provide the expected EPS growth for THEP stock?

The Earnings per Share (EPS) of THERMADOR GROUPE (THEP.PA) is expected to decline by -1.62% in the next year.