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TPI COMPOSITES INC (TPIC) Stock Fundamental Analysis

NASDAQ:TPIC - Nasdaq - US87266J1043 - Common Stock - Currency: USD

1.36  +0.16 (+13.33%)

After market: 1.3698 +0.01 (+0.72%)

Fundamental Rating

2

Taking everything into account, TPIC scores 2 out of 10 in our fundamental rating. TPIC was compared to 95 industry peers in the Electrical Equipment industry. TPIC has a bad profitability rating. Also its financial health evaluation is rather negative. TPIC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

TPIC had negative earnings in the past year.
In the past year TPIC had a positive cash flow from operations.
TPIC had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: TPIC reported negative operating cash flow in multiple years.
TPIC Yearly Net Income VS EBIT VS OCF VS FCFTPIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

1.2 Ratios

TPIC has a Return On Assets of -34.14%. This is in the lower half of the industry: TPIC underperforms 63.16% of its industry peers.
Industry RankSector Rank
ROA -34.14%
ROE N/A
ROIC N/A
ROA(3y)-23.25%
ROA(5y)-17.64%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TPIC Yearly ROA, ROE, ROICTPIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

TPIC does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TPIC Yearly Profit, Operating, Gross MarginsTPIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 -15

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2. Health

2.1 Basic Checks

TPIC does not have a ROIC to compare to the WACC, probably because it is not profitable.
TPIC has more shares outstanding than it did 1 year ago.
TPIC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TPIC has a worse debt to assets ratio.
TPIC Yearly Shares OutstandingTPIC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
TPIC Yearly Total Debt VS Total AssetsTPIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of -0.06, we must say that TPIC is in the distress zone and has some risk of bankruptcy.
TPIC has a Altman-Z score (-0.06) which is in line with its industry peers.
TPIC has a debt to FCF ratio of 19.44. This is a negative value and a sign of low solvency as TPIC would need 19.44 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 19.44, TPIC is in the better half of the industry, outperforming 62.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 19.44
Altman-Z -0.06
ROIC/WACCN/A
WACC2.72%
TPIC Yearly LT Debt VS Equity VS FCFTPIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

TPIC has a Current Ratio of 0.88. This is a bad value and indicates that TPIC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.88, TPIC is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.88 indicates that TPIC may have some problems paying its short term obligations.
TPIC's Quick ratio of 0.88 is in line compared to the rest of the industry. TPIC outperforms 41.05% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.88
TPIC Yearly Current Assets VS Current LiabilitesTPIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

The earnings per share for TPIC have decreased by -3.91% in the last year.
TPIC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.08%.
Measured over the past years, TPIC shows a decrease in Revenue. The Revenue has been decreasing by -1.51% on average per year.
EPS 1Y (TTM)-3.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.31%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-3.31%
Revenue growth 5Y-1.51%
Sales Q2Q%12.4%

3.2 Future

Based on estimates for the next years, TPIC will show a very strong growth in Earnings Per Share. The EPS will grow by 29.06% on average per year.
TPIC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.41% yearly.
EPS Next Y59.68%
EPS Next 2Y40.38%
EPS Next 3Y29.06%
EPS Next 5YN/A
Revenue Next Year5.58%
Revenue Next 2Y6.8%
Revenue Next 3Y8.9%
Revenue Next 5Y7.41%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TPIC Yearly Revenue VS EstimatesTPIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
TPIC Yearly EPS VS EstimatesTPIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -2 -4

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TPIC. In the last year negative earnings were reported.
Also next year TPIC is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TPIC Price Earnings VS Forward Price EarningsTPIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TPIC is valued cheaper than 98.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.09
EV/EBITDA N/A
TPIC Per share dataTPIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

A more expensive valuation may be justified as TPIC's earnings are expected to grow with 29.06% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.38%
EPS Next 3Y29.06%

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0

5. Dividend

5.1 Amount

TPIC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TPI COMPOSITES INC

NASDAQ:TPIC (5/27/2025, 8:00:01 PM)

After market: 1.3698 +0.01 (+0.72%)

1.36

+0.16 (+13.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners63.18%
Inst Owner Change-12.62%
Ins Owners7.38%
Ins Owner Change0.68%
Market Cap66.16M
Analysts70.67
Price Target2.44 (79.41%)
Short Float %22.16%
Short Ratio11.95
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-128.02%
Min EPS beat(2)-184.72%
Max EPS beat(2)-71.31%
EPS beat(4)0
Avg EPS beat(4)-225.94%
Min EPS beat(4)-453.63%
Max EPS beat(4)-71.31%
EPS beat(8)1
Avg EPS beat(8)-137.76%
EPS beat(12)1
Avg EPS beat(12)-114.82%
EPS beat(16)2
Avg EPS beat(16)-324.21%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-6.76%
Max Revenue beat(2)5.65%
Revenue beat(4)2
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-6.76%
Max Revenue beat(4)5.65%
Revenue beat(8)2
Avg Revenue beat(8)-3.37%
Revenue beat(12)3
Avg Revenue beat(12)-8.43%
Revenue beat(16)3
Avg Revenue beat(16)-11.53%
PT rev (1m)4.31%
PT rev (3m)-28.49%
EPS NQ rev (1m)-50.63%
EPS NQ rev (3m)-82.68%
EPS NY rev (1m)-49.55%
EPS NY rev (3m)-109.48%
Revenue NQ rev (1m)-1.77%
Revenue NQ rev (3m)-5.16%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)-8.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.05
P/FCF 2.09
P/OCF 1.18
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-4.78
EYN/A
EPS(NY)-0.15
Fwd EYN/A
FCF(TTM)0.65
FCFY47.91%
OCF(TTM)1.15
OCFY84.83%
SpS28.23
BVpS-8.65
TBVpS-8.65
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -34.14%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 2.31%
ROA(3y)-23.25%
ROA(5y)-17.64%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover2.06
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 19.44
Debt/EBITDA N/A
Cap/Depr 85.8%
Cap/Sales 1.78%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.88
Quick Ratio 0.88
Altman-Z -0.06
F-Score5
WACC2.72%
ROIC/WACCN/A
Cap/Depr(3y)73.44%
Cap/Depr(5y)84.63%
Cap/Sales(3y)1.91%
Cap/Sales(5y)2.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.31%
EPS Next Y59.68%
EPS Next 2Y40.38%
EPS Next 3Y29.06%
EPS Next 5YN/A
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-3.31%
Revenue growth 5Y-1.51%
Sales Q2Q%12.4%
Revenue Next Year5.58%
Revenue Next 2Y6.8%
Revenue Next 3Y8.9%
Revenue Next 5Y7.41%
EBIT growth 1Y61.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year123.05%
EBIT Next 3Y58.03%
EBIT Next 5Y26.71%
FCF growth 1Y138.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y186.24%
OCF growth 3YN/A
OCF growth 5Y-26.2%