View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsTI Fluid Systems 향후 성장Future 기준 점검 4/6TI Fluid Systems (는) 각각 연간 57.3% 및 4.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 57.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.6% 로 예상됩니다.핵심 정보57.3%이익 성장률57.13%EPS 성장률Auto Components 이익 성장34.2%매출 성장률4.3%향후 자기자본이익률17.64%애널리스트 커버리지Low마지막 업데이트13 Mar 2025최근 향후 성장 업데이트Major Estimate Revision • Aug 15Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €3.54b to €3.44b. EPS estimate rose from €0.188 to €0.209. Net income forecast to grow 20% next year vs 20% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£1.95 to UK£1.90. Share price was steady at UK£1.27 over the past week.Major Estimate Revision • May 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.217 to €0.191 per share. Revenue forecast steady at €3.56b. Net income forecast to grow 16% next year vs 16% growth forecast for Auto Components industry in the United Kingdom. Consensus price target up from UK£1.92 to UK£1.96. Share price was steady at UK£1.42 over the past week.공고 • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.공고 • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.공고 • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.Major Estimate Revision • Jan 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.10 to €0.09. Revenue forecast unchanged from €3.26b at last update. Net income forecast to grow 1,209% next year vs 48% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.80. Share price fell 3.2% to UK£1.33 over the past week.모든 업데이트 보기Recent updates공고 • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.공고 • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.Reported Earnings • Mar 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.064 (down from €0.16 in FY 2023). Revenue: €3.36b (down 4.4% from FY 2023). Net income: €32.3m (down 61% from FY 2023). Profit margin: 1.0% (down from 2.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공고 • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to UK£1.82, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 22% over the past three years.공고 • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.공고 • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.분석 기사 • Sep 17Improved Revenues Required Before TI Fluid Systems plc (LON:TIFS) Stock's 29% Jump Looks JustifiedThe TI Fluid Systems plc ( LON:TIFS ) share price has done very well over the last month, posting an excellent gain of...Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 24%After last week's 24% share price gain to UK£1.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 32% over the past three years.분석 기사 • Sep 14Is TI Fluid Systems (LON:TIFS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Major Estimate Revision • Aug 15Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €3.54b to €3.44b. EPS estimate rose from €0.188 to €0.209. Net income forecast to grow 20% next year vs 20% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£1.95 to UK£1.90. Share price was steady at UK£1.27 over the past week.분석 기사 • Aug 13Here's What To Make Of TI Fluid Systems' (LON:TIFS) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Declared Dividend • Aug 11First half dividend of €0.024 announcedShareholders will receive a dividend of €0.024. Ex-date: 15th August 2024 Payment date: 13th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09First half 2024 earnings: EPS misses analyst expectationsFirst half 2024 results: EPS: €0.079 (up from €0.064 in 1H 2023). Revenue: €1.72b (down 2.8% from 1H 2023). Net income: €40.1m (up 21% from 1H 2023). Profit margin: 2.3% (up from 1.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.공고 • Aug 08TI Fluid Systems plc Approves Interim Dividend, Payable on 13 September 2024TI Fluid Systems plc announced that the Board has approved a 4.3% increase on a per share basis in the interim dividend to €2.40 cents per share (H1 2023: 2.30 €cents). The dividend amount of 2.40 €cents will be converted from Euro to Sterling using the London closing spot rate on the record date of 16 August 2024 and the Sterling rate will be announced on 19 August 2024. The interim dividend will be paid on 13 September 2024 to holders of ordinary shares on the register on the record date.분석 기사 • Jul 26Benign Growth For TI Fluid Systems plc (LON:TIFS) Underpins Its Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 0.2x TI Fluid Systems plc ( LON:TIFS ) is a stock worth...공고 • May 29TI Fluid Systems plc Approves Final Cash Dividend for the Year Ending 31 December 2023, Payable on 21 June 2024On 12 March 2024, TI Fluid Systems plc announced that its Board intended to recommend to shareholders a final dividend of 4.53 Euro cents per ordinary share for the year ending 31 December 2023. Following shareholder approval at the 14 May 2024 Annual General Meeting, the dividend will be paid in sterling on 21 June 2024 (Payment Date) to holders of ordinary shares on the register on 24 May 2024 (Record Date).The approved dividend amount of 4.53 Euro cents was converted from Euro to Sterling using the London closing spot rate on the Record Date and 3.86 pence per ordinary share will be paid to record holders on the Payment Date.Upcoming Dividend • May 16Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.3%).분석 기사 • May 08We Discuss Why TI Fluid Systems plc's (LON:TIFS) CEO Compensation May Be Closely ReviewedKey Insights TI Fluid Systems to hold its Annual General Meeting on 14th of May Total pay for CEO Hans Frans Dieltjens...Major Estimate Revision • May 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.217 to €0.191 per share. Revenue forecast steady at €3.56b. Net income forecast to grow 16% next year vs 16% growth forecast for Auto Components industry in the United Kingdom. Consensus price target up from UK£1.92 to UK£1.96. Share price was steady at UK£1.42 over the past week.공고 • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.Declared Dividend • Apr 08Final dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 23rd May 2024 Payment date: 21st June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 32% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Apr 03Is It Time To Consider Buying TI Fluid Systems plc (LON:TIFS)?TI Fluid Systems plc ( LON:TIFS ), is not the largest company out there, but it received a lot of attention from a...Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to UK£1.43, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.71 per share.공고 • Mar 28TI Fluid Systems plc has filed a Follow-on Equity Offering.TI Fluid Systems plc has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 30,000,000 Transaction Features: Subsequent Direct Listing공고 • Mar 14TI Fluid Systems plc Recommends Final DividendTI Fluid Systems plc intends to recommend a final dividend of 4.53 Euro cents per share, or €23.2 million.New Risk • Mar 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Mar 07These Return Metrics Don't Make TI Fluid Systems (LON:TIFS) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...공고 • Mar 06TI Fluid Systems plc Announces Step Down of Susan Levine as Non-Executive DirectorTI Fluid Systems plc announced that Susan Levine, non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2024 Annual General Meeting, at which she will not stand for re-election. Ms. Levine, who is one of two nominees of BC Omega Holdco Ltd. ("Bain Capital"), will remain a director and member of the ESG Committee until that time. Bain Capital has informed the Board that it does not intend to nominate an additional person for appointment as a director to replace Ms. Levine but that it retains the right to nominate an additional person for appointment as a director under the terms of its relationship agreement with the Company dated 25 October 2017.분석 기사 • Nov 03Be Wary Of TI Fluid Systems (LON:TIFS) And Its Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...공고 • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.분석 기사 • Sep 28These 4 Measures Indicate That TI Fluid Systems (LON:TIFS) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공고 • Sep 06TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million.TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million on September 5, 2023. TIFS will acquire CEE for a cash consideration of $27.7 million or about 6x estimated 2023 EBITDA excluding synergies. TIFS will welcome CEE's 349 dedicated employees and acquire the 6,500m2 manufacturing facility in Budapest, Hungary. The acquisition is subject to customary closing conditions and regulatory approval. The acquisition will be immediately accretive to the group's underlying earnings.공고 • Aug 11TI Fluid Systems plc Declares Interim Dividend, Payable on 15 September 2023On 8 August 2023, TI Fluid Systems plc announced that its Board had declared an interim dividend of 2.30 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 15 September 2023 to holders of ordinary shares on the register on the record date of 18 August 2023.Reported Earnings • Aug 09First half 2023 earnings: EPS misses analyst expectationsFirst half 2023 results: EPS: €0.064 (up from €0.001 in 1H 2022). Revenue: €1.77b (up 13% from 1H 2022). Net income: €33.2m (up €32.7m from 1H 2022). Profit margin: 1.9% (up from 0% in 1H 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year.공고 • Aug 09TI Fluid Systems plc, Annual General Meeting, May 14, 2024TI Fluid Systems plc, Annual General Meeting, May 14, 2024.공고 • Aug 08+ 1 more updateTI Fluid Systems plc to Report First Half, 2024 Results on Aug 08, 2024TI Fluid Systems plc announced that they will report first half, 2024 results on Aug 08, 2024분석 기사 • Aug 04Are Investors Undervaluing TI Fluid Systems plc (LON:TIFS) By 20%?Key Insights TI Fluid Systems' estimated fair value is UK£1.59 based on 2 Stage Free Cash Flow to Equity Current share...Buying Opportunity • Aug 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be UK£1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.분석 기사 • Jun 11The Returns On Capital At TI Fluid Systems (LON:TIFS) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...Buying Opportunity • Jun 09Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be UK£1.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Board Change • Jun 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • May 31TI Fluid Systems plc Approves Final Dividend for the Year Ended 31 December 2022, Payable on 23 June 2023On 16 March 2023, TI Fluid Systems plc announced that its board had recommended a final dividend of 1.54 Euro cents per ordinary share for the year ended 31 December 2022. Following shareholder approval at the AGM held on 16 May 2023, the dividend will be paid in sterling on 23 June 2023 (Payment Date) to holders of ordinary shares on the register on 26 May 2023 (Record Date).Buying Opportunity • May 24Now 23% undervaluedOver the last 90 days, the stock is up 9.2%. The fair value is estimated to be UK£1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • May 18Upcoming dividend of €0.015 per share at 1.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 23 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.2%).공고 • May 17TI Fluid Systems plc Elects Trudy Schoolenberg to Its Board of DirectorsTI Fluid Systems plc at its Annual General Meeting held on Tuesday, 16 May 2023, elected Trudy Schoolenberg to Its Board of Directors.분석 기사 • May 04An Intrinsic Calculation For TI Fluid Systems plc (LON:TIFS) Suggests It's 27% UndervaluedKey Insights The projected fair value for TI Fluid Systems is UK£1.71 based on 2 Stage Free Cash Flow to Equity TI...Recent Insider Transactions Derivative • Mar 22CFO & Executive Director exercised options to buy UK£290k worth of stock.On the 20th of March, Ronald Hundzinski exercised options to buy 293k shares at a strike price of around UK£1.01, costing a total of UK£296k. This transaction amounted to 59% of their direct individual holding at the time of the trade. Since June 2022, Ronald has owned 567.21k shares directly. Company insiders have collectively bought UK£525k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Mar 17Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: €0.54 loss per share (down from €0.028 profit in FY 2021). Revenue: €3.27b (up 11% from FY 2021). Net loss: €279.1m (down €293.4m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.분석 기사 • Mar 14Is Now An Opportune Moment To Examine TI Fluid Systems plc (LON:TIFS)?While TI Fluid Systems plc ( LON:TIFS ) might not be the most widely known stock at the moment, it saw significant...Buying Opportunity • Jan 18Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.2%. The fair value is estimated to be UK£1.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.공고 • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.Major Estimate Revision • Jan 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.10 to €0.09. Revenue forecast unchanged from €3.26b at last update. Net income forecast to grow 1,209% next year vs 48% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.80. Share price fell 3.2% to UK£1.33 over the past week.분석 기사 • Jan 04Estimating The Intrinsic Value Of TI Fluid Systems plc (LON:TIFS)Does the January share price for TI Fluid Systems plc ( LON:TIFS ) reflect what it's really worth? Today, we will...공고 • Dec 15TI Fluid Systems plc to Report Fiscal Year 2022 Results on Mar 16, 2023TI Fluid Systems plc announced that they will report fiscal year 2022 results on Mar 16, 2023분석 기사 • Dec 03Should You Investigate TI Fluid Systems plc (LON:TIFS) At UK£1.27?TI Fluid Systems plc ( LON:TIFS ), might not be a large cap stock, but it saw a decent share price growth in the teens...Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Independent Director Trudy Schoolenberg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Nov 11Is TI Fluid Systems (LON:TIFS) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공고 • Nov 03TI Fluid Systems plc to Report Q2, 2023 Results on Aug 08, 2023TI Fluid Systems plc announced that they will report Q2, 2023 results on Aug 08, 2023분석 기사 • Oct 19These Return Metrics Don't Make TI Fluid Systems (LON:TIFS) Look Too StrongTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Major Estimate Revision • Oct 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.14 to €0.10 per share. Revenue forecast steady at €3.23b. Net income forecast to grow 1,492% next year vs 59% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£2.12 to UK£2.00. Share price rose 9.6% to UK£1.28 over the past week.Major Estimate Revision • Aug 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.10 to €0.14. Revenue forecast steady at €3.21b. Net income forecast to grow 1,618% next year vs 60% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£2.15. Share price fell 15% to UK£1.48 over the past week.이익 및 매출 성장 예측LSE:TIFS - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20263,664136148455312/31/20253,511104116395312/31/20243,3603267213N/A9/30/20243,4146179219N/A6/30/20243,4689091225N/A3/31/20243,49287102230N/A12/31/20233,51684112236N/A9/30/20233,497-8182206N/A6/30/20233,477-24653175N/A3/31/20233,373-26351171N/A12/31/20223,268-27950168N/A9/30/20223,131-13746162N/A6/30/20222,994542157N/A3/31/20222,975967186N/A12/31/20212,9571492215N/A9/30/20213,05546115240N/A6/30/20213,15478138264N/A3/31/20212,984-88142261N/A12/31/20202,815-254145258N/A9/30/20202,850-246172289N/A6/30/20202,886-238199321N/A3/31/20203,149-48187328N/A12/31/20193,411142175334N/A9/30/20193,412131161324N/A6/30/20193,414121146314N/A3/31/20193,443130146306N/A12/31/20183,473138145297N/A9/30/20183,477115N/A270N/A6/30/20183,48193N/A244N/A3/31/20183,48690N/A241N/A12/31/20173,49187N/A237N/A9/30/20173,49280N/A229N/A6/30/20173,49373N/A221N/A3/31/20173,42157N/A212N/A12/31/20163,34942N/A204N/A12/31/20151,678-14N/A208N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TIFS 의 연간 예상 수익 증가율(57.3%)이 saving rate(2.3%)보다 높습니다.수익 vs 시장: TIFS 의 연간 수익(57.3%)이 UK 시장(11.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: TIFS 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: TIFS 의 수익(연간 4.3%)이 UK 시장(연간 4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: TIFS 의 수익(연간 4.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TIFS의 자본 수익률은 3년 후 17.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/04/14 13:10종가2025/04/14 00:00수익2024/12/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TI Fluid Systems plc는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sanjay BhagwaniCitigroup IncStefan BurgstallerGoldman SachsMichael TyndallHSBC
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €3.54b to €3.44b. EPS estimate rose from €0.188 to €0.209. Net income forecast to grow 20% next year vs 20% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£1.95 to UK£1.90. Share price was steady at UK£1.27 over the past week.
Major Estimate Revision • May 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.217 to €0.191 per share. Revenue forecast steady at €3.56b. Net income forecast to grow 16% next year vs 16% growth forecast for Auto Components industry in the United Kingdom. Consensus price target up from UK£1.92 to UK£1.96. Share price was steady at UK£1.42 over the past week.
공고 • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.
공고 • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.
공고 • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.
Major Estimate Revision • Jan 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.10 to €0.09. Revenue forecast unchanged from €3.26b at last update. Net income forecast to grow 1,209% next year vs 48% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.80. Share price fell 3.2% to UK£1.33 over the past week.
공고 • Apr 15+ 5 more updatesABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others.ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others for approximately £990 million on August 22, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on November 28, 2024, Parties have reached non-binding letter of intent. As on November 29, 2024, Parties are pleased to announce that they have reached agreement. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. As of September 4, 2024, ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems early last week. As the Board of TI Fluid considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. As of October 14, 2024, ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of £1.88 and £1.95 per share, both of which were rejected by the Board. Following limited access to management, on October 10, 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of £2 per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation. The Acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary share capital at approximately £1,039 million on a fully diluted basis and implies an enterprise value of approximately £1,831 million. The Proposal represents a premium of approximately of 51.9% to the volume weighted average price of £1.317 for the 90-day period to 13 September 2024. In order to allow ABC Technologies to conclude due diligence, finalize financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. ABC Technologies is now required, by not later than November 8, 2024, to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer. As of November 8, 2024, in order to allow ABC Technologies to finalize its remaining confirmatory due diligence and financing, and for the finalization of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers have consented to, an extension of the PUSU Deadline. Consequently, ABC Technologies is now required, by not later than November 22, 2024, to either announce a firm intention to make an offer for TI Fluid Systems. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. The Acquisition is currently expected to complete during the first half of 2025, subject to the satisfaction waiver of the Conditions. An expected timetable of key events relating to the Acquisition. The cash consideration payable to TI Fluid Systems Shareholders under the terms of the Acquisition will be financed by a combination of new equity financing to be provided by the Apollo Funds and Oaktree; and (b) a portion of the proceeds of third-party debt to be provided under an interim facilities agreement entered into between, inter alios, Bidco, ABC Group Intermediate Holdings Inc. As of December 17, 2024, TI Fluid Systems Board unanimously recommends that TI Fluid Shareholders vote or procure votes in favor of the Scheme. As of December 20, 2024, as a result, the total number of TI Fluid Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 163,942,442, representing approximately 33.04% of the issued ordinary share capital of TI Fluid Systems. As of December 24, 2024, in addition to the Original Interim Lenders, (i) Goldman Sachs Bank USA, (ii) JPMorgan Chase Bank, N.A., (iii) Fifth Third Bank, National Association, (iv) ING Capital LLC, (v) Natixis, New York Branch, and (vi) National Bank of Canada agreed to become lenders under the Interim Facilities Agreement by way of an amended and restated interim facilities agreement dated December 24, 2024 and the Commitment Papers and the Engagement Papers were amended accordingly to cater for the participation of the New Interim Lenders. Upon the Scheme becoming Effective, share certificates in respect of the TI Fluid Systems Shares will cease to be valid and will make an application to the London Stock Exchange for the cancellation of trading of the TI Fluid Systems Shares on the Main Market. TI Fluid will pay a Financial and corporate broking advice fee of £22.2 million, Legal advice fee of £12 million, Public relations advice fee of £0.4 million and Other professional services fee of £2.5 million. Bidco will pay a Financing arrangements fee of £120 million - £160.0 million, Financial and corporate broking advice fee of £17.0 million, Legal advice fee of £23 million, Accounting advice fee of £8 million, Public relations advice fee of £1 million and Other professional services fee of £5 million. As of January 10, 2024, the Offeror received a non-binding letter of intent from J O Hambro Capital Management Limited dated 28 November 2024, and therefore, the total number of TI Fluid Systems Shares which are subject to the J O Hambro Letter of Intent has reduced to zero TI Fluid Systems Shares. As a result, the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 154,521,146, representing approximately 31.14%. of the issued ordinary share capital of TI Fluid Systems. As on January 24, 2025. the total number of TI Fluid Systems Shares which are subject to either irrevocable undertakings or non-binding letters of intent is 147,644,851, representing approximately 29.75% of the issued ordinary share capital of TI Fluid Systems as at close of business on January 23, 2025. As of March 4, 2025, the European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TI Fluid Systems plc of the UK by ABC Technologies Inc. of Canada. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market positions resulting from the proposed transaction. Richard Shaw, Keval Patel, Rory Anderson and Mohit Kohli of Lazard acted as financial advisors to ABC Technologies Inc. Nimesh Khiroya, Axel Hoefer, Tom Hartley and Ben Duell of Goldman Sachs International and Mike Bell, Marc Jones, Pete Mackie and Sam Cann of Peel Hunt LLP acted as advisors to TI Fluid Systems. Banco Santander acted as financial advisor for ABC. ABC Technologies Inc. completed the acquisition of TI Fluid Systems plc (LSE:TIFS) from J O Hambro Capital Management Limited, Cobas Asset Management, SGIIC, SA, Bain Capital, LP Alexander De Bock, Hans Dieltjens, John Smith and others on April 15, 2025. Dealings in TI Fluid Systems Shares were suspended with effect from 7.30 a.m. today, 15 April 2025. Applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of the listing of TI Fluid Systems Shares on the equity shares (commercial companies) category of the Official List and the cancellation of the admission to trading of TI Fluid Systems Shares on the main market of the London Stock Exchange, which are each expected to take place at 8.00 a.m. tomorrow, 16 April 2025. All of the non-executive directors of TI Fluid Systems have resigned from the TI Fluid Systems Board. In line with the post-Effective Date leadership changes announced on 19 February 2025,with effect from today's date Hans Dieltjens has also resigned from the TI Fluid Systems Boardandstepped down from his role as President and CEO of TI Fluid Systems.
공고 • Mar 31TI Fluid Systems Announces Cancellation of Listing and Admission to Trading of its Shares by 16 April 2025On 29 November 2024, the boards of directors of TI Fluid Systems plc (‘TI Fluid Systems’) and ABC Technologies Acquisitions Limited (‘Bidco’) announced that they had reached agreement on the terms of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems (the ‘Acquisition’). The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the ‘Scheme’). The circular in relation to the Scheme was published or made available to TI Fluid Systems Shareholders on 17 December 2024 (the ‘Scheme Document’). On 5 February 2025, TI Fluid Systems and Bidco announced that the requisite majority of Scheme Shareholders had approved the Scheme at the Court Meeting and that the special resolution to, among other things, implement the Scheme was passed by the requisite majority of TI Fluid Systems Shareholders at the General Meeting. The Acquisition is subject to the Conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. TI Fluid Systems and Bidco are pleased to announce that the regulatory and antitrust processes are almost complete. The final Condition relating to the regulatory and antitrust approvals is expected to be satisfied in advance of the Court Hearing, scheduled for 8 April 2025. Accordingly, as is set out in more detail below, it is now expected that the Scheme will become Effective on 15 April 2025. Suspension of listing of and dealings in TI Fluid Systems Shares by 7.30 a.m. on 15 April 2025. Cancellation of listing and admission to trading of TI Fluid Systems Shares by 8.00 a.m. on 16 April 2025.
Reported Earnings • Mar 12Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.064 (down from €0.16 in FY 2023). Revenue: €3.36b (down 4.4% from FY 2023). Net income: €32.3m (down 61% from FY 2023). Profit margin: 1.0% (down from 2.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공고 • Mar 12TI Fluid Systems plc Not Recommends Final Dividend for 2024TI Fluid Systems plc's Board is not recommending a final dividend for 2024.
New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Oct 15ABC Technologies Submits Its Fifth All-Cash Proposal to Acquire TI Fluid SystemsOn 14 September 2024, the Board of TI Fluid Systems plc (LSE:TIFS) confirmed that it had received, and rejected, a highly preliminary and non-binding all-cash proposal from ABC Technologies Inc. ("ABC Technologies"), a company majority-owned by investment funds managed by Apollo Management IX, L.P., to acquire TI Fluid Systems at a price of 176 pence per share. This followed a previous proposal at 165 pence per share. ABC Technologies subsequently submitted further all-cash proposals to acquire TI Fluid Systems at prices of 188 and 195 pence per share, both of which were rejected by the Board. Following limited access to management, on 10 October 2024, ABC Technologies submitted its fifth all-cash proposal to acquire TI Fluid Systems at a price of 200 pence per share, subject to the satisfaction or waiver of a number of pre-conditions, including completion of satisfactory due diligence and the agreement of definitive transaction documentation (the "Proposal"). The Proposal represents a premium of approximately: 51.9% to the volume weighted average price of 131.7 pence for the 90-day period to 13 September 2024, being the last business day prior to the commencement of the offer period; 53.4% to the closing price of 130.4 pence on 21 August 2024, being the last business day prior to ABC Technologies submitting its first proposal to the TI Fluid Systems Board; and 37.2% to the closing price of 145.8 pence on 13 September 2024, being the last business day prior to the commencement of the offer period. The Company remains confident in its strategy. However, having considered the Proposal and having consulted with its financial and legal advisers, the Board has confirmed to ABC Technologies that, should a firm offer be made pursuant to Rule 2.7 of the Code on the same financial terms as the Proposal, it would be minded to recommend it to shareholders. In order to allow ABC Technologies to conclude due diligence, finalise financing and for the negotiation of definitive transaction documentation, ABC Technologies has requested, and the Board of TI Fluid Systems and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to, an extension of the "Put Up or Shut Up" deadline. Consequently, in accordance with Rule 2.6(c) of the Code, ABC Technologies is now required, by not later than 5.00 p.m. (London time) on 8 November 2024 to either announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of TI Fluid Systems, with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for TI Fluid Systems by ABC Technologies. A further announcement will be made as and when appropriate. This announcement has been made with the consent of ABC Technologies. In accordance with Rule 2.5(a) of the Code, ABC Technologies reserves the following rights: a) to introduce other forms of consideration and/or to vary the composition of the consideration;b) to make an offer for TI Fluid Systems at a lower value or on less favourable terms than those described in this announcement: i) with the recommendation or consent of the Board of TI Fluid Systems; ii) if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Proposal; and iii) following the announcement by TI Fluid Systems of a "whitewash" proposal; and c) to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to UK£1.82, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 22% over the past three years.
공고 • Sep 18ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS).ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for approximately £880 million on September 4, 2024. ABC Technologies made a revised proposal at £1.76 per share. As on August 22, 2024, ABC Technologies Inc. made a proposal to acquire TI Fluid Systems plc (LSE:TIFS) for £1.65 per share and was rejected by the Board of TI Fluid Systems. The Possible Offer is subject to customary pre-conditions, including the satisfactory completion of due diligence. The transaction is subject to introduce other forms of consideration and/or to vary the composition of the consideration, with the recommendation or consent of the Board of TI Fluid Systems, if a third party announces a firm intention to make an offer for TI Fluid Systems on less favourable terms than the Possible Offer, following the announcement by TI Fluid Systems of a "whitewash" proposal and to reduce its offer by the amount of any dividend that is announced, declared, made or paid by TI Fluid Systems after the date of this announcement and prior to completion. Lazard, Goldman Sachs International and Peel Hunt LLP acted as advisors to TI Fluid Systems. ABC Technologies Inc. cancelled the acquisition of TI Fluid Systems plc (LSE:TIFS) Early last week as on September 9, 2024. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate.
공고 • Sep 17+ 1 more updateTI Fluid Systems Announces Response to Possible Offer Announcement by ABC TechnologiesThe board of TI Fluid Systems plc (LSE:TIFS) noted the recent announcement by ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P., regarding a possible offer for the Company. The Board confirmed that on 4 September 2024, it received a second unsolicited, highly preliminary and non-binding all-cash proposal from ABC Technologies to acquire TI Fluid Systems at a price of 176 pence per TI Fluid Systems share (the ‘Proposal’). This followed a previous proposal at 165 pence per TI Fluid Systems share. The terms of the second proposal represent a premium of 20.7% to the closing share price of 145.8 pence on 13 September, prior to press speculation about a potential offer for the Company. The Board of TI Fluid Systems considered the Proposal in detail with its advisers and unanimously concluded that it significantly undervalued TI Fluid Systems and its prospects, and accordingly the Proposal was rejected early last week. The Board is confident in the strategy and prospects of the Company. The Board strongly urges shareholders to take no action at this time. A further announcement will be made if and when appropriate. In accordance with Rule 2.6(a) of the Code, ABC Technologies is required, by not later than 5.00 p.m. (London time) on 12 October 2024, either to announce a firm intention to make an offer for TI Fluid Systems in accordance with Rule 2.7 of the Code, or to announce that it does not intend to make an offer for TI Fluid Systems, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. This statement is being made by TI Fluid Systems without the consent of ABC Technologies.
분석 기사 • Sep 17Improved Revenues Required Before TI Fluid Systems plc (LON:TIFS) Stock's 29% Jump Looks JustifiedThe TI Fluid Systems plc ( LON:TIFS ) share price has done very well over the last month, posting an excellent gain of...
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improves as stock rises 24%After last week's 24% share price gain to UK£1.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 32% over the past three years.
분석 기사 • Sep 14Is TI Fluid Systems (LON:TIFS) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 11%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €3.54b to €3.44b. EPS estimate rose from €0.188 to €0.209. Net income forecast to grow 20% next year vs 20% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£1.95 to UK£1.90. Share price was steady at UK£1.27 over the past week.
분석 기사 • Aug 13Here's What To Make Of TI Fluid Systems' (LON:TIFS) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Declared Dividend • Aug 11First half dividend of €0.024 announcedShareholders will receive a dividend of €0.024. Ex-date: 15th August 2024 Payment date: 13th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09First half 2024 earnings: EPS misses analyst expectationsFirst half 2024 results: EPS: €0.079 (up from €0.064 in 1H 2023). Revenue: €1.72b (down 2.8% from 1H 2023). Net income: €40.1m (up 21% from 1H 2023). Profit margin: 2.3% (up from 1.9% in 1H 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
공고 • Aug 08TI Fluid Systems plc Approves Interim Dividend, Payable on 13 September 2024TI Fluid Systems plc announced that the Board has approved a 4.3% increase on a per share basis in the interim dividend to €2.40 cents per share (H1 2023: 2.30 €cents). The dividend amount of 2.40 €cents will be converted from Euro to Sterling using the London closing spot rate on the record date of 16 August 2024 and the Sterling rate will be announced on 19 August 2024. The interim dividend will be paid on 13 September 2024 to holders of ordinary shares on the register on the record date.
분석 기사 • Jul 26Benign Growth For TI Fluid Systems plc (LON:TIFS) Underpins Its Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 0.2x TI Fluid Systems plc ( LON:TIFS ) is a stock worth...
공고 • May 29TI Fluid Systems plc Approves Final Cash Dividend for the Year Ending 31 December 2023, Payable on 21 June 2024On 12 March 2024, TI Fluid Systems plc announced that its Board intended to recommend to shareholders a final dividend of 4.53 Euro cents per ordinary share for the year ending 31 December 2023. Following shareholder approval at the 14 May 2024 Annual General Meeting, the dividend will be paid in sterling on 21 June 2024 (Payment Date) to holders of ordinary shares on the register on 24 May 2024 (Record Date).The approved dividend amount of 4.53 Euro cents was converted from Euro to Sterling using the London closing spot rate on the Record Date and 3.86 pence per ordinary share will be paid to record holders on the Payment Date.
Upcoming Dividend • May 16Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.3%).
분석 기사 • May 08We Discuss Why TI Fluid Systems plc's (LON:TIFS) CEO Compensation May Be Closely ReviewedKey Insights TI Fluid Systems to hold its Annual General Meeting on 14th of May Total pay for CEO Hans Frans Dieltjens...
Major Estimate Revision • May 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.217 to €0.191 per share. Revenue forecast steady at €3.56b. Net income forecast to grow 16% next year vs 16% growth forecast for Auto Components industry in the United Kingdom. Consensus price target up from UK£1.92 to UK£1.96. Share price was steady at UK£1.42 over the past week.
공고 • May 03TI Fluid Systems plc Provides Earnings Guidance for the Full Year 2024TI Fluid Systems plc provided earnings guidance for the full year 2024. The company is planning assumptions for a modest year-on-year industry volume decline are unchanged. The company expects flat to low-single digit constant currency revenue growth.
Declared Dividend • Apr 08Final dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 23rd May 2024 Payment date: 21st June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 32% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Apr 03Is It Time To Consider Buying TI Fluid Systems plc (LON:TIFS)?TI Fluid Systems plc ( LON:TIFS ), is not the largest company out there, but it received a lot of attention from a...
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to UK£1.43, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Auto Components industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.71 per share.
공고 • Mar 28TI Fluid Systems plc has filed a Follow-on Equity Offering.TI Fluid Systems plc has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 30,000,000 Transaction Features: Subsequent Direct Listing
공고 • Mar 14TI Fluid Systems plc Recommends Final DividendTI Fluid Systems plc intends to recommend a final dividend of 4.53 Euro cents per share, or €23.2 million.
New Risk • Mar 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Mar 07These Return Metrics Don't Make TI Fluid Systems (LON:TIFS) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
공고 • Mar 06TI Fluid Systems plc Announces Step Down of Susan Levine as Non-Executive DirectorTI Fluid Systems plc announced that Susan Levine, non-executive director, has informed the Board of her decision to step down as a director of the Company with effect from the end of the Company's upcoming 2024 Annual General Meeting, at which she will not stand for re-election. Ms. Levine, who is one of two nominees of BC Omega Holdco Ltd. ("Bain Capital"), will remain a director and member of the ESG Committee until that time. Bain Capital has informed the Board that it does not intend to nominate an additional person for appointment as a director to replace Ms. Levine but that it retains the right to nominate an additional person for appointment as a director under the terms of its relationship agreement with the Company dated 25 October 2017.
분석 기사 • Nov 03Be Wary Of TI Fluid Systems (LON:TIFS) And Its Returns On CapitalWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
공고 • Nov 02TI Fluid Systems plc Provides Earnings Guidance for the Year 2023TI Fluid Systems plc provided earnings guidance for the year 2023. The company remain confident in full-year outlook for revenue outperformance.
분석 기사 • Sep 28These 4 Measures Indicate That TI Fluid Systems (LON:TIFS) Is Using Debt ExtensivelyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공고 • Sep 06TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million.TI Fluid Systems plc (LSE:TIFS) agreed to acquire Cascade Engineering Europe Termelo, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tars for $27.7 million on September 5, 2023. TIFS will acquire CEE for a cash consideration of $27.7 million or about 6x estimated 2023 EBITDA excluding synergies. TIFS will welcome CEE's 349 dedicated employees and acquire the 6,500m2 manufacturing facility in Budapest, Hungary. The acquisition is subject to customary closing conditions and regulatory approval. The acquisition will be immediately accretive to the group's underlying earnings.
공고 • Aug 11TI Fluid Systems plc Declares Interim Dividend, Payable on 15 September 2023On 8 August 2023, TI Fluid Systems plc announced that its Board had declared an interim dividend of 2.30 Euro cents per ordinary share based on the Group's financial position and prospects. The dividend will be paid in Sterling on 15 September 2023 to holders of ordinary shares on the register on the record date of 18 August 2023.
Reported Earnings • Aug 09First half 2023 earnings: EPS misses analyst expectationsFirst half 2023 results: EPS: €0.064 (up from €0.001 in 1H 2022). Revenue: €1.77b (up 13% from 1H 2022). Net income: €33.2m (up €32.7m from 1H 2022). Profit margin: 1.9% (up from 0% in 1H 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year.
공고 • Aug 09TI Fluid Systems plc, Annual General Meeting, May 14, 2024TI Fluid Systems plc, Annual General Meeting, May 14, 2024.
공고 • Aug 08+ 1 more updateTI Fluid Systems plc to Report First Half, 2024 Results on Aug 08, 2024TI Fluid Systems plc announced that they will report first half, 2024 results on Aug 08, 2024
분석 기사 • Aug 04Are Investors Undervaluing TI Fluid Systems plc (LON:TIFS) By 20%?Key Insights TI Fluid Systems' estimated fair value is UK£1.59 based on 2 Stage Free Cash Flow to Equity Current share...
Buying Opportunity • Aug 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be UK£1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
분석 기사 • Jun 11The Returns On Capital At TI Fluid Systems (LON:TIFS) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Buying Opportunity • Jun 09Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be UK£1.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Board Change • Jun 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Alexander De Bock was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • May 31TI Fluid Systems plc Approves Final Dividend for the Year Ended 31 December 2022, Payable on 23 June 2023On 16 March 2023, TI Fluid Systems plc announced that its board had recommended a final dividend of 1.54 Euro cents per ordinary share for the year ended 31 December 2022. Following shareholder approval at the AGM held on 16 May 2023, the dividend will be paid in sterling on 23 June 2023 (Payment Date) to holders of ordinary shares on the register on 26 May 2023 (Record Date).
Buying Opportunity • May 24Now 23% undervaluedOver the last 90 days, the stock is up 9.2%. The fair value is estimated to be UK£1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • May 18Upcoming dividend of €0.015 per share at 1.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 23 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.2%).
공고 • May 17TI Fluid Systems plc Elects Trudy Schoolenberg to Its Board of DirectorsTI Fluid Systems plc at its Annual General Meeting held on Tuesday, 16 May 2023, elected Trudy Schoolenberg to Its Board of Directors.
분석 기사 • May 04An Intrinsic Calculation For TI Fluid Systems plc (LON:TIFS) Suggests It's 27% UndervaluedKey Insights The projected fair value for TI Fluid Systems is UK£1.71 based on 2 Stage Free Cash Flow to Equity TI...
Recent Insider Transactions Derivative • Mar 22CFO & Executive Director exercised options to buy UK£290k worth of stock.On the 20th of March, Ronald Hundzinski exercised options to buy 293k shares at a strike price of around UK£1.01, costing a total of UK£296k. This transaction amounted to 59% of their direct individual holding at the time of the trade. Since June 2022, Ronald has owned 567.21k shares directly. Company insiders have collectively bought UK£525k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Mar 17Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: €0.54 loss per share (down from €0.028 profit in FY 2021). Revenue: €3.27b (up 11% from FY 2021). Net loss: €279.1m (down €293.4m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year.
분석 기사 • Mar 14Is Now An Opportune Moment To Examine TI Fluid Systems plc (LON:TIFS)?While TI Fluid Systems plc ( LON:TIFS ) might not be the most widely known stock at the moment, it saw significant...
Buying Opportunity • Jan 18Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.2%. The fair value is estimated to be UK£1.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.
공고 • Jan 18Ti Fluid Systems plc Provides Revenue Guidance for the Year Ended December 31, 2022TI Fluid Systems plc provides revenue guidance for the year ended December 31, 2022. For the year, the company expects revenue to be circa €3.26 billion at actual rates representing growth of approximately 10% compared to 2021. The Group did experience an unexpected negative sales impact in China during Fourth Quarter primarily due to the government's COVID policy changes which caused unexpected production shutdowns. This revenue growth is set against global light vehicle production (GLVP) volumes of 82.0 million units, an increase of 6.2% compared to 2021, with Group constant currency revenue growth anticipated to be behind GLVP growth by approximately 100 bps, mostly the result of the rapid transition of domestic Chinese OEMs to BEV platforms whichpresents a short term mix issue for the Group in that market.
Major Estimate Revision • Jan 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.10 to €0.09. Revenue forecast unchanged from €3.26b at last update. Net income forecast to grow 1,209% next year vs 48% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£1.80. Share price fell 3.2% to UK£1.33 over the past week.
분석 기사 • Jan 04Estimating The Intrinsic Value Of TI Fluid Systems plc (LON:TIFS)Does the January share price for TI Fluid Systems plc ( LON:TIFS ) reflect what it's really worth? Today, we will...
공고 • Dec 15TI Fluid Systems plc to Report Fiscal Year 2022 Results on Mar 16, 2023TI Fluid Systems plc announced that they will report fiscal year 2022 results on Mar 16, 2023
분석 기사 • Dec 03Should You Investigate TI Fluid Systems plc (LON:TIFS) At UK£1.27?TI Fluid Systems plc ( LON:TIFS ), might not be a large cap stock, but it saw a decent share price growth in the teens...
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Independent Director Trudy Schoolenberg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Nov 11Is TI Fluid Systems (LON:TIFS) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공고 • Nov 03TI Fluid Systems plc to Report Q2, 2023 Results on Aug 08, 2023TI Fluid Systems plc announced that they will report Q2, 2023 results on Aug 08, 2023
분석 기사 • Oct 19These Return Metrics Don't Make TI Fluid Systems (LON:TIFS) Look Too StrongTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Major Estimate Revision • Oct 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.14 to €0.10 per share. Revenue forecast steady at €3.23b. Net income forecast to grow 1,492% next year vs 59% growth forecast for Auto Components industry in the United Kingdom. Consensus price target down from UK£2.12 to UK£2.00. Share price rose 9.6% to UK£1.28 over the past week.
Major Estimate Revision • Aug 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.10 to €0.14. Revenue forecast steady at €3.21b. Net income forecast to grow 1,618% next year vs 60% growth forecast for Auto Components industry in the United Kingdom. Consensus price target broadly unchanged at UK£2.15. Share price fell 15% to UK£1.48 over the past week.