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TPI COMPOSITES INC (TPIC) Stock Fundamental Analysis

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

1.29  -0.07 (-5.15%)

After market: 1.33 +0.04 (+3.1%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to TPIC. TPIC was compared to 95 industry peers in the Electrical Equipment industry. TPIC may be in some trouble as it scores bad on both profitability and health. TPIC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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.
In the past 5 years TPIC always reported negative net income.
In multiple years TPIC reported negative operating cash flow during the last 5 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 worse Return On Assets (-34.14%) than 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

The Profit Margin and Operating Margin and Gross Margin are not available for TPIC so they could not be analyzed.
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

1

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.
Compared to 5 years ago, TPIC has more shares outstanding
The debt/assets ratio for TPIC is higher compared to a year ago.
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

TPIC has an Altman-Z score of -0.06. This is a bad value and indicates that TPIC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -0.06, TPIC perfoms like the industry average, outperforming 48.42% of the companies in the same industry.
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.
TPIC has a better Debt to FCF ratio (19.44) than 62.11% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 19.44
Altman-Z -0.06
ROIC/WACCN/A
WACC2.67%
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

A Current Ratio of 0.88 indicates that TPIC may have some problems paying 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.
The Quick ratio of TPIC (0.88) is comparable to the rest of the industry.
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

3

3. Growth

3.1 Past

TPIC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.91%.
TPIC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.08%.
The Revenue has been decreasing by -1.51% on average over the past years.
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

TPIC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.06% yearly.
Based on estimates for the next years, TPIC will show a small growth in Revenue. The Revenue will grow by 7.41% on average per year.
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

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

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

98.95% of the companies in the same industry are more expensive than TPIC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 1.98
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

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

0

5. Dividend

5.1 Amount

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

TPI COMPOSITES INC

NASDAQ:TPIC (5/28/2025, 8:04:25 PM)

After market: 1.33 +0.04 (+3.1%)

1.29

-0.07 (-5.15%)

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 Cap62.76M
Analysts70.67
Price Target2.44 (89.15%)
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 1.98
P/OCF 1.12
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
FCFY50.51%
OCF(TTM)1.15
OCFY89.43%
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
WACC2.67%
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%