TPI Composites, Inc.

OTCPK:TPIC.Q 주식 리포트

시가총액: US$351.1k

TPI Composites 경영진

경영진 기준 점검 2/4

현재 CEO에 대한 정보가 충분하지 않습니다.

핵심 정보

Bill Siwek

최고경영자

US$2.2m

총 보수

CEO 급여 비율43.25%
CEO 재임 기간7yrs
CEO 지분 보유율0.6%
경영진 평균 재임 기간4.7yrs
이사회 평균 재임 기간5.8yrs

최근 경영진 업데이트

Recent updates

내러티브 업데이트 • Aug 29

Next Generation Blade Production Will Redefine Industry Standards

The significant reduction in TPI Composites’ future P/E ratio, despite steady revenue growth forecasts, has driven a downward revision of the consensus analyst price target from $2.55 to $2.08. What's in the News TPI Composites and its 21 affiliates filed for Chapter 11 bankruptcy reorganization, listing assets between $500 million and $1 billion, and liabilities between $1 billion and $10 billion, with Weil, Gotshal & Manges LLP as legal counsel and Alvarez & Marsal, Jefferies LLC, and Kroll Restructuring Administration as advisors.
내러티브 업데이트 • Aug 15

Next Generation Blade Production Will Redefine Industry Standards

With no change in the company’s future P/E ratio or consensus revenue growth forecasts, TPI Composites’ analyst price target remains steady at $2.55. What's in the News TPI Composites, Inc.
User avatar
새로운 내러티브 • Apr 26

Next Generation Blade Production Will Redefine Industry Standards

Portfolio restructuring and next-gen blade transition are set to improve operational performance, enhancing earnings and profitability.
Seeking Alpha • Oct 17

TPI Composites: High Potential Return Undermined By Multiple Risks

Summary TPI Composites faces revenue contraction and liquidity challenges due to regulatory uncertainty and macroeconomic pressures, but management projects improvement starting in H2 FY24 and FY25. The company’s restructuring aims to enhance production quality and efficiency, targeting a 90% utilization rate and $100m adjusted EBITDA in FY25. High revenue concentration and competition from Chinese manufacturers pose significant risks, potentially impacting TPIC’s financial stability and market share. Despite potential for a 30% return, I assign a “hold” rating due to financial instability and competitive pressures, awaiting clearer evidence of recovery. Read the full article on Seeking Alpha
분석 기사 • Oct 09

TPI Composites, Inc. (NASDAQ:TPIC) Soars 25% But It's A Story Of Risk Vs Reward

The TPI Composites, Inc. ( NASDAQ:TPIC ) share price has done very well over the last month, posting an excellent gain...
분석 기사 • Jun 30

TPI Composites, Inc. (NASDAQ:TPIC) Not Doing Enough For Some Investors As Its Shares Slump 27%

TPI Composites, Inc. ( NASDAQ:TPIC ) shares have retraced a considerable 27% in the last month, reversing a fair amount...
Seeking Alpha • Jun 30

TPI Composites Could Be A Bad Idea

Summary Previous article aimed to predict business recovery, but price dropped 30% shortly after publication. TPI Composites hit low of $1.63 in November 2023, but recovered up to $4.5-5.5 since then leaving investors asking "What's next?" The current situation for TPI Composites remains very risky, potential for turnaround is uncertain. However, there are some tips about handling this stock. The bigger picture can actually play a big part in the future of this story. Read the full article on Seeking Alpha
분석 기사 • May 29

What Does TPI Composites, Inc.'s (NASDAQ:TPIC) Share Price Indicate?

While TPI Composites, Inc. ( NASDAQ:TPIC ) might not have the largest market cap around , it saw a significant share...
분석 기사 • May 05

Analysts Have Made A Financial Statement On TPI Composites, Inc.'s (NASDAQ:TPIC) First-Quarter Report

TPI Composites, Inc. ( NASDAQ:TPIC ) just released its latest first-quarter report and things are not looking great...
분석 기사 • May 03

Improved Revenues Required Before TPI Composites, Inc. (NASDAQ:TPIC) Stock's 33% Jump Looks Justified

The TPI Composites, Inc. ( NASDAQ:TPIC ) share price has done very well over the last month, posting an excellent gain...
Seeking Alpha • Feb 26

TPI Composites: Turnaround Is In Sight (Rating Upgrade)

Summary TPI Composites, Inc.'s actual revenue and EBITDA for the recent quarter were below expectations, even though its Q4 2023 headline earnings benefited from a non-operating gain. But the company is poised for a turnaround in 2024 and 2025, considering its guidance and management commentary. I raise my rating for TPI Composites to a Buy, taking into account its FY 2024-2025 financial prospects, and the stock's valuations as compared to history and peers. Read the full article on Seeking Alpha
분석 기사 • Feb 25

TPI Composites, Inc. (NASDAQ:TPIC) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

As you might know, TPI Composites, Inc. ( NASDAQ:TPIC ) recently reported its yearly numbers. Revenues of US$1.5b came...
분석 기사 • Dec 23

TPI Composites, Inc. (NASDAQ:TPIC) Surges 80% Yet Its Low P/S Is No Reason For Excitement

TPI Composites, Inc. ( NASDAQ:TPIC ) shares have had a really impressive month, gaining 80% after a shaky period...
분석 기사 • Nov 10

TPI Composites, Inc. (NASDAQ:TPIC) Analysts Just Slashed Next Year's Estimates

Today is shaping up negative for TPI Composites, Inc. ( NASDAQ:TPIC ) shareholders, with the analysts delivering a...
분석 기사 • Aug 21

Would TPI Composites (NASDAQ:TPIC) Be Better Off With Less Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Jan 12

Is TPI Composites (NASDAQ:TPIC) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Sep 16

TPI Composites: Massive Incoming Revenue And Cash Flow

Summary TPI Composites manufactures composite wind blades for the wind energy market. Management noted $2.7 billion in revenue from existing contracts through 2024. The current market capitalization does not exceed $670 million. I don’t think most market participants are fully aware of the FCF acceleration that is coming from 2023. Recently, TPI Composites (TPIC) discussed large agreements with potential revenue of $2.7 billion, and lowered its expected 2022 capex. I believe that most investors are not fully aware of the TPI's implied valuation. Under my discounted cash flow model with conservative assumptions, TPI Composites could be worth around $22 per share. Yes, I dislike the concentration of clients and potential changes in demand that is typical in the industry. With that, in my opinion, the current stock valuation is too low. TPI Composites: Significant Incoming Revenue Headquartered in Scottsdale, Arizona, TPI Composites manufactures composite wind blades for the wind energy market. We are talking about a globally diversified business model with facilities throughout the U.S., China, Mexico, Turkey, and India along with development centers in Denmark and Germany. The most remarkable slide from the quarterly presentation is shown below. Management noted $2.7 billion in revenue from existing contracts through 2024. If we take into account that the current market capitalization does not exceed $670 million, TPI Composites becomes an interesting object of study. Presentation Besides, it is worth noting that TPI Composites expects 2022 to offer 80%-85% utilization and lower capital expenditures than initially expected. If things continue in the same direction, lower capex and more utilization will likely bring free cash flow up. Presentation Beneficial Analysts Expectations And Positive Free Cash Flow Expected From 2023 Analysts expect TPI Composites to deliver 9% sales growth in 2023 and double digit sales growth in 2024. The median sales growth is expected to be close to 7% for TPI Composites, which I believe is impressive given the sector in which TPI operates. Marketscreener.com It is also worth noting that the company's EBITDA is expected to increase to up to 7% in 2024. Analysts also expect positive net income from 2024 and positive free cash flow from 2023. In my opinion, as soon as more investors notice the incoming results, the demand for the stock will likely increase. Marketscreener.com Balance Sheet: Almost No Debt As of June 30, 2022, TPI Composites reported cash worth $155.2 million, total assets worth $981 million, and $586 million in total liabilities. In my view, the current balance sheet proves that the company's financial situation is in good shape. 10-Q The total amount of debt is small. Hence, investors will not have to worry about increases in the interest rates in the market. The company's net debt is negative, equal to -$92 million. Besides, in my view, TPI could receive debt financing if necessary. 10-Q Presentation My Base Case Scenario Implied A Valuation Of $22.3 Per Share TPI Composites is overall well positioned to benefit from the decarbonization of the electric sector. The U.S. and Europe are also enforcing demand for wind energy. In my view, if clients receive financing from governments, TPI's revenue will likely trend up. We expect global demand for renewable energy, and wind energy in particular, will continue to grow in the long term due to a multitude of factors, including: increased cost competitiveness of wind energy compared to fossil fuel generated electricity; increased demand from corporations and utility providers for renewable energy; and recent international policy initiatives designed to promote the growth of renewable energy. Source: 10-k Besides, I believe that further wind and transportation supply agreements and sufficient communication about the agreements already signed will bring stock demand. In the last 10-k, the company noted agreements worth $3.5 billion through the end of 2024: As of February 24, 2022, our wind and transportation supply agreements provide for minimum aggregate volume commitments from our customers of approximately $2.2 billion and encourage our customers to purchase additional volume up to, in the aggregate, a total contract value of approximately $3.5 billion through the end of 2024. Source: 10-k Finally, under this scenario, I would also expect further investments in the growing offshore wind market, perhaps some acquisitions, and more partnerships. In my view, bankers would most likely support any acquisitions considering the current balance sheet. Leverage our footprint in large and growing wind markets, capitalize on the continuing outsourcing trend, evaluate building wind blades for the growing offshore wind market and evaluate strategic acquisitions. Source: 10-k Under conservative conditions, I believe that a median sales growth of 7% from 2024 to 2033 would make sense. I also assumed an EBITDA margin of around 7%-5.2% with an operating margin around 2%. The results include free cash flow ranging from $24 million to $62 million and FCF/Sales around 1.7%. Arie's DCF Model In my opinion, most investors out there would be using a discount close to 9.4% for TPI Composites. I would not be very different. I also assumed an exit multiple of 10x EBITDA, which is close to the median in the industry and lower than the TPI's current EV/EBITDA multiple. With these numbers, I obtained an equity valuation of $833 million and an equity per share of $22.3. Arie's DCF Model Worst Case Scenario In my view, investors need to be prepared for changes in demand, which is typical in the wind industry. Changes in the oil price, the price of energy, or environmental law changes could bring TPI's revenue and FCF/Sales margin down. The company did discuss some of these risks in the past: We currently expect to have manufacturing lines in transition during 2022 which could adversely affect our revenue and profitability in 2022. We typically share transition costs with the customer in connection with these changing customer demands, but any sharing is usually the subject of negotiation and the amount is not always contractually defined. Source: 10-k
분석 기사 • Aug 03

Is TPI Composites (NASDAQ:TPIC) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • May 23

TPI Composites - Down But Not Out

Revenue, gross profit, and adjusted EBITDA decreased by 4.9%, 122.4% and 53.4%, respectively. Despite this poor performance, I believe the next few quarters will demonstrate improved efficiency and better numbers. Management guided for a 40-50% improvement in margins and a 15-20% increase in manufacturing utilization rates. TPI Composites’ shares are down 82.7% from their February 2021 all-time high. However, the stock is only down 6.45% in 2022 compared to the S&P 500’s 18.66% decline. TPI Composites trades at a price to full-year sales ratio of less than 0.3. Given the potential for earnings improvement and revenue growth, is TPI Composites undervalued?
Seeking Alpha • Apr 17

Circling Back On TPI Composites

Today, we circle back on TPI Composites, which produces composite wind blades for wind turbine manufacturers across the globe, for the first time since 2019. The company and shares saw considerable headwinds in 2021 even as the manufacturing concern boasts a significant order backlog and solid balance sheet. Four insiders bought over $1.5 million worth of shares late in 2021. Can the shares rebound in FY2022? A full investment analysis follows in the paragraphs below.
분석 기사 • Feb 23

What Is TPI Composites, Inc.'s (NASDAQ:TPIC) Share Price Doing?

While TPI Composites, Inc. ( NASDAQ:TPIC ) might not be the most widely known stock at the moment, it received a lot of...
Seeking Alpha • Dec 15

TPI Composites : Good Play In Wind Energy, Despite Operational Challenges

Finally, TPIC reported its Q3 financial results defined by several operational challenges that highly pressured financials and TPIC’s stock has fallen significantly after the announcement. In my opinion, the company maintains a positive long-term outlook and perspectives, poor performance will likely keep shares highly volatile and limit upside. The TPIC stock has underperformed all year against near-term headwinds for the broader wind market including supply chain disruptions and weaker deployments forecasts.

CEO 보수 분석

Bill Siwek의 보수는 TPI Composites의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Dec 31 2025US$2mUS$953k

-US$324m

Sep 30 2025n/an/a

-US$267m

Jun 30 2025n/an/a

-US$195m

Mar 31 2025n/an/a

-US$198m

Dec 31 2024US$2mUS$921k

-US$223m

Sep 30 2024n/an/a

-US$158m

Jun 30 2024n/an/a

-US$157m

Mar 31 2024n/an/a

-US$164m

Dec 31 2023US$2mUS$891k

-US$189m

Sep 30 2023n/an/a

-US$184m

Jun 30 2023n/an/a

-US$163m

Mar 31 2023n/an/a

-US$114m

Dec 31 2022US$4mUS$854k

-US$76m

Sep 30 2022n/an/a

-US$162m

Jun 30 2022n/an/a

-US$171m

Mar 31 2022n/an/a

-US$186m

Dec 31 2021US$3mUS$829k

-US$162m

Sep 30 2021n/an/a

-US$67m

Jun 30 2021n/an/a

US$6m

Mar 31 2021n/an/a

-US$20m

Dec 31 2020US$3mUS$725k

-US$85m

Sep 30 2020n/an/a

-US$25m

Jun 30 2020n/an/a

-US$72m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$2mUS$570k

-US$16m

보상 대 시장: Bill의 총 보수(USD2.20M)는 US 시장에서 비슷한 규모 기업의 평균(USD626.93K)보다 높습니다.

보상과 수익: Bill의 보상은 회사가 적자임에도 증가했습니다.

CEO

Bill Siwek (62 yo)

7yrs
재임 기간
US$2,203,280
보수

Mr. William E. Siwek, also known as Bill, has been President at TPI Composites, Inc. since May 13, 2019 and has been its Chief Executive Officer and Director since May 20, 2020. He served as the Chief Fina...

리더십 팀

이름직위재임 기간보수지분
William Siwek
President7yrsUS$2.20m0.55%
$ 1.9k
Ryan Miller
Chief Financial Officer4yrsUS$1.09m0.091%
$ 320.7
Charles Stroo
Chief Operating Officer2.5yrsUS$1.02m0.16%
$ 570.7
Nicholas Warchol
Senior Vice President of Technology & Engineering3.3yrs데이터 없음데이터 없음
Theo Gibson
Chief Information Officer6.7yrs데이터 없음데이터 없음
Jason Wegmann
Vice President of IR & ESGno data데이터 없음데이터 없음
Steven Fishbach
General Counsel & Secretary11.3yrsUS$614.94k0.25%
$ 878.2
Deane Ilukowicz
Chief People Officer8.5yrs데이터 없음데이터 없음
James Schimanski
Senior Vice President of Global Supply Chain5yrs데이터 없음데이터 없음
Thomas Adams
Senior Vice President - Windno data데이터 없음데이터 없음
Gokhan Serdar
Senior Vice President of Turkey4.4yrs데이터 없음데이터 없음
Gordon Davis
Senior Vice President of Mexico2yrs데이터 없음데이터 없음
4.7yrs
평균 재임 기간
52.5yo
평균 나이

경험이 풍부한 관리: TPIC.Q의 경영진은 경험이 있음으로 간주됩니다(평균 재임 4.7 년).

이사회 구성원

이름직위재임 기간보수지분
William Siwek
President6yrsUS$2.20m0.55%
$ 1.9k
Paul Giovacchini
Lead Independent Director20.3yrsUS$127.50k0.20%
$ 705.1
James Hughes
Directorless than a yearUS$75.00k데이터 없음
Neal Goldman
Independent Director1yrUS$360.00k데이터 없음
Timothy Pohl
Independent Director1yrUS$360.00k데이터 없음
Steven Lockard
Independent Chairman of the Board22.3yrsUS$145.00k데이터 없음
Jayshree Desai
Independent Director8.7yrsUS$80.00k0.14%
$ 500.8
Andrew Moir
Board Observer2.3yrs데이터 없음데이터 없음
Tyrone Jordan
Independent Director7.3yrsUS$101.25k데이터 없음
Bavan Holloway
Independent Director5.7yrsUS$110.00k0.11%
$ 387.4
5.8yrs
평균 재임 기간
60.5yo
평균 나이

경험이 풍부한 이사회: TPIC.Q의 이사회는 경험이 있음으로 간주됩니다(평균 재임 5.8 년).

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/26 03:06
종가2026/05/26 00:00
수익2025/12/31
연간 수익2025/12/31

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패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
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분석가 컨센서스 추정치+3년
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시장 가격30년
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지분 구조10년
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경영진10년
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주요 개발10년
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분석가 소스

TPI Composites, Inc.는 8명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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Kenneth HerbertCanaccord Genuity
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