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TETRA TECHNOLOGIES INC (TTI) Stock Fundamental Analysis

NYSE:TTI - New York Stock Exchange, Inc. - US88162F1057 - Common Stock - Currency: USD

4.71  +0.11 (+2.39%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to TTI. TTI was compared to 58 industry peers in the Energy Equipment & Services industry. TTI may be in some trouble as it scores bad on both profitability and health. TTI does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

TTI had positive earnings in the past year.
TTI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TTI reported negative net income in multiple years.
TTI had a positive operating cash flow in each of the past 5 years.
TTI Yearly Net Income VS EBIT VS OCF VS FCFTTI 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 0 100M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of 0.33%, TTI is doing worse than 65.52% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.07%, TTI is doing worse than 65.52% of the companies in the same industry.
The Return On Invested Capital of TTI (8.91%) is better than 65.52% of its industry peers.
Industry RankSector Rank
ROA 0.33%
ROE 1.07%
ROIC 8.91%
ROA(3y)11.04%
ROA(5y)3.41%
ROE(3y)42.76%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TTI Yearly ROA, ROE, ROICTTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 400 -400

1.3 Margins

The Profit Margin of TTI (0.27%) is worse than 67.24% of its industry peers.
The Operating Margin of TTI (7.41%) is worse than 62.07% of its industry peers.
In the last couple of years the Operating Margin of TTI has grown nicely.
The Gross Margin of TTI (22.87%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of TTI has grown nicely.
Industry RankSector Rank
OM 7.41%
PM (TTM) 0.27%
GM 22.87%
OM growth 3YN/A
OM growth 5Y16.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.91%
GM growth 5Y8.13%
TTI Yearly Profit, Operating, Gross MarginsTTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TTI is destroying value.
Compared to 1 year ago, TTI has more shares outstanding
The number of shares outstanding for TTI has been increased compared to 5 years ago.
Compared to 1 year ago, TTI has an improved debt to assets ratio.
TTI Yearly Shares OutstandingTTI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
TTI Yearly Total Debt VS Total AssetsTTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

TTI has an Altman-Z score of 2.21. This is not the best score and indicates that TTI is in the grey zone with still only limited risk for bankruptcy at the moment.
TTI has a better Altman-Z score (2.21) than 60.34% of its industry peers.
TTI has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
TTI has a Debt to Equity ratio of 1.15. This is amonst the worse of the industry: TTI underperforms 81.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF N/A
Altman-Z 2.21
ROIC/WACC0.95
WACC9.4%
TTI Yearly LT Debt VS Equity VS FCFTTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 2.33 indicates that TTI has no problem at all paying its short term obligations.
The Current ratio of TTI (2.33) is better than 68.97% of its industry peers.
A Quick Ratio of 1.51 indicates that TTI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.51, TTI perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.33
Quick Ratio 1.51
TTI Yearly Current Assets VS Current LiabilitesTTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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3

3. Growth

3.1 Past

TTI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -28.00%.
The Revenue has decreased by -0.46% in the past year.
Measured over the past years, TTI shows a decrease in Revenue. The Revenue has been decreasing by -8.91% on average per year.
EPS 1Y (TTM)-28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.14%
Revenue 1Y (TTM)-0.46%
Revenue growth 3Y18.36%
Revenue growth 5Y-8.91%
Sales Q2Q%-6.45%

3.2 Future

The Earnings Per Share is expected to grow by 49.77% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 10.93% on average over the next years. This is quite good.
EPS Next Y-39.21%
EPS Next 2Y21.86%
EPS Next 3Y41.22%
EPS Next 5Y49.77%
Revenue Next Year-2.98%
Revenue Next 2Y4.27%
Revenue Next 3Y7.8%
Revenue Next 5Y10.93%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TTI Yearly Revenue VS EstimatesTTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
TTI Yearly EPS VS EstimatesTTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 1.5

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 26.17 indicates a quite expensive valuation of TTI.
TTI's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of TTI to the average of the S&P500 Index (28.19), we can say TTI is valued inline with the index average.
A Price/Forward Earnings ratio of 12.20 indicates a correct valuation of TTI.
TTI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TTI is cheaper than 63.79% of the companies in the same industry.
TTI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.37.
Industry RankSector Rank
PE 26.17
Fwd PE 12.2
TTI Price Earnings VS Forward Price EarningsTTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TTI is valued a bit more expensive than the industry average as 70.69% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.13
TTI Per share dataTTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

TTI's earnings are expected to grow with 41.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y21.86%
EPS Next 3Y41.22%

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0

5. Dividend

5.1 Amount

No dividends for TTI!.
Industry RankSector Rank
Dividend Yield N/A

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TETRA TECHNOLOGIES INC

NYSE:TTI (1/23/2025, 12:29:50 PM)

4.71

+0.11 (+2.39%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29 2024-10-29/amc
Earnings (Next)N/A N/A
Inst Owners71.12%
Inst Owner Change-0.08%
Ins Owners4.85%
Ins Owner Change1.57%
Market Cap620.83M
Analysts82.22
Price Target6.43 (36.52%)
Short Float %2.35%
Short Ratio3
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)-25.28%
Min EPS beat(2)-29.57%
Max EPS beat(2)-21%
EPS beat(4)1
Avg EPS beat(4)-9.82%
Min EPS beat(4)-49.44%
Max EPS beat(4)60.73%
EPS beat(8)2
Avg EPS beat(8)-11.88%
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)0
Avg Revenue beat(2)-5.84%
Min Revenue beat(2)-6.2%
Max Revenue beat(2)-5.47%
Revenue beat(4)1
Avg Revenue beat(4)-3.34%
Min Revenue beat(4)-6.2%
Max Revenue beat(4)1.04%
Revenue beat(8)3
Avg Revenue beat(8)-1.77%
Revenue beat(12)6
Avg Revenue beat(12)0.24%
Revenue beat(16)6
Avg Revenue beat(16)-17.61%
PT rev (1m)-4.3%
PT rev (3m)-15.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-60.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-32.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.3%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-4.73%
Valuation
Industry RankSector Rank
PE 26.17
Fwd PE 12.2
P/S 1.01
P/FCF N/A
P/OCF 12.48
P/B 3.96
P/tB 4.75
EV/EBITDA 9.13
EPS(TTM)0.18
EY3.82%
EPS(NY)0.39
Fwd EY8.2%
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)0.38
OCFY8.02%
SpS4.69
BVpS1.19
TBVpS0.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.33%
ROE 1.07%
ROCE 12%
ROIC 8.91%
ROICexc 10.2%
ROICexgc 11.06%
OM 7.41%
PM (TTM) 0.27%
GM 22.87%
FCFM N/A
ROA(3y)11.04%
ROA(5y)3.41%
ROE(3y)42.76%
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 5Y38.76%
ROICexc growth 3YN/A
ROICexc growth 5Y38.68%
OM growth 3YN/A
OM growth 5Y16.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.91%
GM growth 5Y8.13%
F-Score4
Asset Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF N/A
Debt/EBITDA 2.22
Cap/Depr 153.48%
Cap/Sales 8.69%
Interest Coverage 2.15
Cash Conversion 61.59%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 1.51
Altman-Z 2.21
F-Score4
WACC9.4%
ROIC/WACC0.95
Cap/Depr(3y)98.14%
Cap/Depr(5y)81.26%
Cap/Sales(3y)6.21%
Cap/Sales(5y)9.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.14%
EPS Next Y-39.21%
EPS Next 2Y21.86%
EPS Next 3Y41.22%
EPS Next 5Y49.77%
Revenue 1Y (TTM)-0.46%
Revenue growth 3Y18.36%
Revenue growth 5Y-8.91%
Sales Q2Q%-6.45%
Revenue Next Year-2.98%
Revenue Next 2Y4.27%
Revenue Next 3Y7.8%
Revenue Next 5Y10.93%
EBIT growth 1Y-0.24%
EBIT growth 3YN/A
EBIT growth 5Y6.12%
EBIT Next Year60.8%
EBIT Next 3Y44.06%
EBIT Next 5Y45.24%
FCF growth 1Y78.58%
FCF growth 3Y-12.3%
FCF growth 5YN/A
OCF growth 1Y146.57%
OCF growth 3Y-3%
OCF growth 5Y8.55%