Loading...

TFF Group

ENXTPA:TFF
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TFF
ENXTPA
€889M
Market Cap
  1. Home
  2. FR
  3. Materials
Company description

TFF Group manufactures and distributes barrels and wood products for the aging of wines and alcohols in Western Europe, Australasia, and North America. The last earnings update was 94 days ago. More info.


Add to Portfolio Compare Print
TFF Share Price and Events
7 Day Returns
5.1%
ENXTPA:TFF
0.5%
FR Packaging
1.3%
FR Market
1 Year Returns
-3.8%
ENXTPA:TFF
-12.6%
FR Packaging
3.6%
FR Market
TFF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TFF Group (TFF) 5.1% 4.6% -4.3% -3.8% 69.4% 182.1%
FR Packaging 0.5% 3.1% -0.1% -12.6% 30% 111%
FR Market 1.3% 3.8% 14.3% 3.6% 28.9% 33.6%
1 Year Return vs Industry and Market
  • TFF outperformed the Packaging industry which returned -12.6% over the past year.
  • TFF underperformed the Market in France which returned 3.6% over the past year.
Price Volatility
TFF
Industry
5yr Volatility vs Market
Related Companies

Value

 Is TFF Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TFF Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TFF Group.

ENXTPA:TFF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:TFF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.865 (1 + (1- 33%) (16.78%))
0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.975 * 6.65%)
7.22%

Discounted Cash Flow Calculation for ENXTPA:TFF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TFF Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:TFF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.22%)
2019 0.65 Analyst x2 0.61
2020 17.30 Analyst x2 15.05
2021 37.40 Analyst x2 30.35
2022 56.74 Est @ 51.7% 42.94
2023 77.39 Est @ 36.41% 54.63
2024 97.29 Est @ 25.71% 64.05
2025 115.01 Est @ 18.21% 70.62
2026 129.92 Est @ 12.97% 74.41
2027 142.00 Est @ 9.3% 75.85
2028 151.56 Est @ 6.73% 75.51
Present value of next 10 years cash flows €503.99
ENXTPA:TFF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €151.56 × (1 + 0.73%) ÷ (7.22% – 0.73%)
€2,354.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,354.98 ÷ (1 + 7.22%)10
€1,173.27
ENXTPA:TFF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €503.99 + €1,173.27
€1,677.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,677.27 / 21.68
€77.36
ENXTPA:TFF Discount to Share Price
Calculation Result
Value per share (EUR) From above. €77.36
Current discount Discount to share price of €41.00
= -1 x (€41.00 - €77.36) / €77.36
47%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TFF Group is available for.
Intrinsic value
47%
Share price is €41 vs Future cash flow value of €77.36
Current Discount Checks
For TFF Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TFF Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TFF Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TFF Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TFF Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:TFF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in EUR €1.55
ENXTPA:TFF Share Price ** ENXTPA (2019-04-18) in EUR €41
France Packaging Industry PE Ratio Median Figure of 7 Publicly-Listed Packaging Companies 22.19x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TFF Group.

ENXTPA:TFF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:TFF Share Price ÷ EPS (both in EUR)

= 41 ÷ 1.55

26.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TFF Group is overvalued based on earnings compared to the FR Packaging industry average.
  • TFF Group is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does TFF Group's expected growth come at a high price?
Raw Data
ENXTPA:TFF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.8%per year
Europe Packaging Industry PEG Ratio Median Figure of 17 Publicly-Listed Packaging Companies 1.72x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

ENXTPA:TFF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.38x ÷ 12.8%

2.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TFF Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TFF Group's assets?
Raw Data
ENXTPA:TFF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in EUR €15.33
ENXTPA:TFF Share Price * ENXTPA (2019-04-18) in EUR €41
France Packaging Industry PB Ratio Median Figure of 7 Publicly-Listed Packaging Companies 2.67x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.49x
ENXTPA:TFF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:TFF Share Price ÷ Book Value per Share (both in EUR)

= 41 ÷ 15.33

2.67x

* Primary Listing of TFF Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TFF Group is overvalued based on assets compared to the FR Packaging industry average.
X
Value checks
We assess TFF Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Packaging industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Packaging industry average (and greater than 0)? (1 check)
  5. TFF Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TFF Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TFF Group expected to grow at an attractive rate?
  • TFF Group's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • TFF Group's earnings growth is positive but not above the France market average.
  • TFF Group's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:TFF Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:TFF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.8%
ENXTPA:TFF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.4%
France Packaging Industry Earnings Growth Rate Market Cap Weighted Average 14%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:TFF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:TFF Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 324 58 48 2
2020-04-30 300 50 43 3
2019-04-30 273 43 38 3
ENXTPA:TFF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-10-31 252 11 34
2018-07-31 249 20 32
2018-04-30 245 29 30
2018-01-31 247 30 32
2017-10-31 248 31 33
2017-07-31 238 27 33
2017-04-30 228 23 32
2017-01-31 213 17 31
2016-10-31 199 11 29
2016-07-31 197 11 29
2016-04-30 195 12 29
2016-01-31 203 15 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TFF Group's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • TFF Group's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:TFF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from TFF Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TFF Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30 2.20 2.24 2.16 2.00
2020-04-30 2.00 2.03 1.94 3.00
2019-04-30 1.76 1.77 1.75 3.00
ENXTPA:TFF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-10-31 1.55
2018-07-31 1.47
2018-04-30 1.39
2018-01-31 1.46
2017-10-31 1.53
2017-07-31 1.51
2017-04-30 1.48
2017-01-31 1.41
2016-10-31 1.33
2016-07-31 1.33
2016-04-30 1.33
2016-01-31 1.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TFF Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TFF Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TFF Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TFF Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TFF Group's growth in the last year to its industry (Packaging).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TFF Group's year on year earnings growth rate has been positive over the past 5 years.
  • TFF Group's 1-year earnings growth is less than its 5-year average (1.4% vs 4.7%)
  • TFF Group's earnings growth has not exceeded the FR Packaging industry average in the past year (1.4% vs 1.4%).
Earnings and Revenue History
TFF Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TFF Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:TFF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 252.34 33.69 47.46
2018-07-31 248.76 31.96 46.88
2018-04-30 245.18 30.23 46.30
2018-01-31 246.78 31.72 46.08
2017-10-31 248.37 33.22 45.87
2017-07-31 238.13 32.65 44.12
2017-04-30 227.88 32.08 42.37
2017-01-31 213.44 30.51 39.93
2016-10-31 199.01 28.94 37.49
2016-07-31 197.00 28.93 36.67
2016-04-30 194.99 28.93 35.86
2016-01-31 203.04 31.90 35.98
2015-10-31 211.09 34.86 36.11
2015-07-31 207.68 34.54 35.26
2015-04-30 204.27 34.22 34.42
2015-01-31 193.70 31.50 33.20
2014-10-31 183.13 28.79 31.98
2014-07-31 176.44 26.28 31.50
2014-04-30 169.74 23.78 31.02
2014-01-31 169.07 23.33 31.48
2013-10-31 168.39 22.88 31.94
2013-07-31 165.75 22.69 32.10
2013-04-30 163.10 22.50 32.26
2013-01-31 152.70 20.94 30.36
2012-10-31 142.30 19.38 28.46
2012-07-31 128.66 17.64 26.13
2012-04-30 115.02 15.91 23.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TFF Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TFF Group used its assets more efficiently than the FR Packaging industry average last year based on Return on Assets.
  • TFF Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TFF Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Packaging industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TFF Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TFF Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TFF Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TFF Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TFF Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TFF Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TFF Group Company Filings, last reported 5 months ago.

ENXTPA:TFF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 336.78 149.14 76.77
2018-07-31 336.78 149.14 76.77
2018-04-30 318.21 114.25 73.35
2018-01-31 318.21 114.25 73.35
2017-10-31 310.38 117.12 72.51
2017-07-31 310.38 117.12 72.51
2017-04-30 304.72 112.49 66.77
2017-01-31 304.72 112.49 66.77
2016-10-31 288.31 135.37 91.37
2016-07-31 288.31 135.37 91.37
2016-04-30 276.31 94.77 66.39
2016-01-31 276.31 94.77 66.39
2015-10-31 269.73 108.55 89.77
2015-07-31 269.73 108.55 89.77
2015-04-30 256.40 84.82 67.83
2015-01-31 256.40 84.82 67.83
2014-10-31 232.04 66.97 46.78
2014-07-31 232.04 66.97 46.78
2014-04-30 213.01 54.03 33.54
2014-01-31 213.01 54.03 33.54
2013-10-31 202.24 60.26 37.13
2013-07-31 202.24 60.26 37.13
2013-04-30 196.80 61.59 35.43
2013-01-31 196.80 61.59 35.43
2012-10-31 187.77 69.60 27.82
2012-07-31 187.77 69.60 27.82
2012-04-30 178.13 60.15 23.96
  • TFF Group's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.7% vs 44.3% today).
  • Debt is not well covered by operating cash flow (7.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 120.1x coverage).
X
Financial health checks
We assess TFF Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TFF Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TFF Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.85%
Current annual income from TFF Group dividends. Estimated to be 0.86% next year.
If you bought €2,000 of TFF Group shares you are expected to receive €17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TFF Group's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • TFF Group's dividend is below the markets top 25% of dividend payers in France (4.36%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:TFF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Packaging Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 3.2%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:TFF Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-04-30 0.37 2.00
2020-04-30 0.35 2.00
2019-04-30 0.34 2.00
ENXTPA:TFF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-08-31 0.350 0.883
2018-07-23 0.350 0.931
2017-08-30 0.350 0.848
2016-08-31 0.200 0.684
2016-05-16 0.200 0.889
2015-08-31 0.200 0.827
2014-08-29 0.150 0.816
2013-08-30 0.150 0.996
2013-07-15 0.150 1.120
2012-08-31 0.150 1.411
2011-08-30 0.150 2.015
2010-08-30 0.150 2.052
2010-07-06 0.150 2.027
2009-08-31 0.150 2.021
2009-04-22 0.150 2.222

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TFF Group is not paying a notable dividend for France, therefore no need to check if the payments are stable.
  • TFF Group is not paying a notable dividend for France, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of TFF Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of TFF Group's dividends as it is not paying a notable one for France.
Future Payout to shareholders
  • No need to calculate the sustainability of TFF Group's dividends in 3 years as they are not expected to pay a notable one for France.
X
Income/ dividend checks
We assess TFF Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TFF Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TFF Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TFF Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jérôme François
COMPENSATION €1,000,000
CEO Bio

Mr. Jérôme François has been Chief Executive Officer of Tonnellerie Demptos S.A.S. since 1989. Mr. François serves as the Chairman of Management Board and Group Chief Executive Officer at TFF Group (also known as Tonnellerie Francois Freres). He serves as Market Manager for Australia and New Zealand. Mr. François served as Deputy Chief Executive Officer and General Assistant Manager of Tonnellerie Francois Freres. He served as Director of TFF Group.

CEO Compensation
  • Jérôme's compensation has been consistent with company performance over the past year.
  • Jérôme's remuneration is higher than average for companies of similar size in France.
Management Team

Jérôme François

TITLE
Chairman of Management Board & Group CEO
COMPENSATION
€1,000K

Noëlle François

TITLE
Member of Management Board
Board of Directors

Jean François

TITLE
Chairman of Supervisory Board
COMPENSATION
€51K

Philippine François

TITLE
Member of Supervisory Board
COMPENSATION
€3K

Patrick Fenal

TITLE
Member of Supervisory Board
COMPENSATION
€3K

Nathalie Meo

TITLE
Member of Supervisory Board
COMPENSATION
€3K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TFF Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TFF Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Worry About TFF Group's (EPA:TFF) CEO Salary Level?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jérôme François's Compensation Compare With Similar Sized Companies. … Our data indicates that TFF Group is worth €859m, and total annual CEO compensation is €1.0m.

Simply Wall St -

One Thing To Remember About The TFF Group (EPA:TFF) Share Price

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Announcing: TFF Group (EPA:TFF) Stock Increased An Energizing 164% In The Last Five Years

One great example is TFF Group (EPA:TFF) which saw its share price drive 164% higher over five years. … It's also good to see the share price up 13% over the last quarter. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is TFF Group's (EPA:TFF) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as TFF Group (EPA:TFF) with its market cap of €891m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Don't Sell TFF Group (EPA:TFF) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how TFF Group's (EPA:TFF) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Of TFF Group (EPA:TFF) Do Institutions Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

TFF Group (EPA:TFF): Does The -5.8% Earnings Drop Reflect A Longer Term Trend?

When TFF Group's (EPA:TFF) announced its latest earnings (30 April 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were TFF Group's average earnings over the past couple of years, and its industry performance. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 6.3%, indicating the rate at which TFF is growing has slowed down

Simply Wall St -

What Should We Expect From TFF Group's (EPA:TFF) Earnings Over The Next Year?

In April 2018, TFF Group (EPA:TFF) announced its earnings update. … with profits predicted to increase by 27% next year … the past 5-year average growth rate of 6.3%

Simply Wall St -

How Do TFF Group’s (EPA:TFF) Returns Compare To Its Industry?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is TFF Group's (EPA:TFF) Future Growth Already Accounted For In Today's Price?

Growth expectations for TFF Group (EPA:TFF) are high, but many investors are starting to ask whether its last close at €37.7 can still be rationalized by the future potential. … Check out our latest analysis for TFF Group? … Investors in TFF Group have been patiently waiting for the uptick in earnings.

Simply Wall St -

Company Info

Description

TFF Group manufactures and distributes barrels and wood products for the aging of wines and alcohols in Western Europe, Australasia, and North America. The company also offers staves, cooperages, casks, wood and oenological products, and stainless steel containers. It primarily serves wine, whisky, and bourbon markets. The company was formerly known as Tonnellerie François Frères. TFF Group is based in Saint-Romain, France.

Details
Name: TFF Group
TFF
Exchange: ENXTPA
Founded:
€888,880,000
21,680,000
Website: http://www.tff-group.com
Address: TFF Group
Village Bas,
Saint-Romain,
Burgundy, 21190,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA TFF Common Shares Euronext Paris FR EUR 29. Jan 1999
LSE 0IH4 Common Shares London Stock Exchange GB EUR 29. Jan 1999
BATS-CHIXE TFFP Common Shares BATS 'Chi-X Europe' GB EUR 29. Jan 1999
Number of employees
Current staff
Staff numbers
873
TFF Group employees.
Industry
Paper Packaging
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/01/17
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.