TFF

TFF GroupENXTPA:TFF Stock Report

Market Cap

€583.2m

7D

0.4%

1Y

-0.4%

Updated

16 Sep, 2021

Data

Company Financials +
TFF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends5/6

TFF Overview

TFF Group manufactures and distributes barrels and wood products for the aging of wines, spirits, and alcohols in France, rest of Europe, Australasia, the United States, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for TFF Group
Historical stock prices
Current Share Price€26.90
52 Week High€22.50
52 Week Low€30.90
Beta1.22
1 Month Change-6.27%
3 Month Change5.49%
1 Year Change-0.37%
3 Year Change-36.86%
5 Year Change10.96%
Change since IPO540.48%

Recent News & Updates

Aug 03
TFF Group (EPA:TFF) Takes On Some Risk With Its Use Of Debt

TFF Group (EPA:TFF) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jun 02
TFF Group (EPA:TFF) Will Be Hoping To Turn Its Returns On Capital Around

TFF Group (EPA:TFF) Will Be Hoping To Turn Its Returns On Capital Around

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

May 12
Is Now An Opportune Moment To Examine TFF Group (EPA:TFF)?

Is Now An Opportune Moment To Examine TFF Group (EPA:TFF)?

TFF Group ( EPA:TFF ), is not the largest company out there, but it saw significant share price movement during recent...

Apr 05
A Look At The Fair Value Of TFF Group (EPA:TFF)

A Look At The Fair Value Of TFF Group (EPA:TFF)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of TFF Group ( EPA:TFF...

Mar 17
TFF Group's (EPA:TFF) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock?

TFF Group's (EPA:TFF) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock?

Most readers would already know that TFF Group's (EPA:TFF) stock increased by 5.6% over the past three months. Given...

Shareholder Returns

TFFFR PackagingFR Market
7D0.4%-0.5%-1.6%
1Y-0.4%20.4%31.8%

Return vs Industry: TFF underperformed the French Packaging industry which returned 21.7% over the past year.

Return vs Market: TFF underperformed the French Market which returned 31.2% over the past year.

Price Volatility

Is TFF's price volatile compared to industry and market?
TFF volatility
TFF Beta1.22
Industry Beta0.86
Market Beta1

Stable Share Price: TFF is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TFF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19101,201Jerome Francoishttps://www.tff-group.com

TFF Group manufactures and distributes barrels and wood products for the aging of wines, spirits, and alcohols in France, rest of Europe, Australasia, the United States, and internationally. The company also offers staves, cooperages, casks, wood and oenological products, and stainless steel containers. It primarily serves wine, whisky, and bourbon markets.

TFF Group Fundamentals Summary

How do TFF Group's earnings and revenue compare to its market cap?
TFF fundamental statistics
Market Cap€583.19m
Earnings (TTM)€20.04m
Revenue (TTM)€260.88m

29.1x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TFF income statement (TTM)
Revenue€260.88m
Cost of Revenue€155.50m
Gross Profit€105.38m
Expenses€85.34m
Earnings€20.04m

Last Reported Earnings

Apr 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.92
Gross Margin40.39%
Net Profit Margin7.68%
Debt/Equity Ratio62.2%

How did TFF perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

38%

Payout Ratio

Does TFF pay a reliable dividends?

See TFF dividend history and benchmarks
When do you need to buy TFF by to receive an upcoming dividend?
TFF Group dividend dates
Ex Dividend DateNov 05 2021
Dividend Pay DateNov 09 2021
Days until Ex dividend49 days
Days until Dividend pay date53 days

Does TFF pay a reliable dividends?

See TFF dividend history and benchmarks

Valuation

Is TFF Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TFF (€26.9) is trading below our estimate of fair value (€122.42)

Significantly Below Fair Value: TFF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TFF is poor value based on its PE Ratio (29.1x) compared to the French Packaging industry average (14.2x).

PE vs Market: TFF is poor value based on its PE Ratio (29.1x) compared to the French market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: TFF is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: TFF is good value based on its PB Ratio (1.6x) compared to the FR Packaging industry average (2.6x).


Future Growth

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

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFF's forecast earnings growth (21.2% per year) is above the savings rate (0.4%).

Earnings vs Market: TFF's earnings (21.2% per year) are forecast to grow faster than the French market (12.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TFF's revenue (6.5% per year) is forecast to grow faster than the French market (6.2% per year).

High Growth Revenue: TFF's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TFF's Return on Equity is forecast to be low in 3 years time (7.8%).


Past Performance

How has TFF Group performed over the past 5 years?

-6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TFF has high quality earnings.

Growing Profit Margin: TFF's current net profit margins (7.7%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: TFF's earnings have declined by 6.8% per year over the past 5 years.

Accelerating Growth: TFF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TFF had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Packaging industry average (6.8%).


Return on Equity

High ROE: TFF's Return on Equity (5.5%) is considered low.


Financial Health

How is TFF Group's financial position?


Financial Position Analysis

Short Term Liabilities: TFF's short term assets (€411.5M) exceed its short term liabilities (€191.0M).

Long Term Liabilities: TFF's short term assets (€411.5M) exceed its long term liabilities (€94.9M).


Debt to Equity History and Analysis

Debt Level: TFF's debt to equity ratio (62.2%) is considered high.

Reducing Debt: TFF's debt to equity ratio has increased from 34.4% to 62.2% over the past 5 years.

Debt Coverage: TFF's debt is well covered by operating cash flow (20.7%).

Interest Coverage: TFF's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Dividend

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

1.30%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 17 2021Ex Dividend DateNov 05 2021Dividend Pay DateNov 09 20214 days from Ex DividendBuy in the next 49 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TFF's dividend (1.3%) is higher than the bottom 25% of dividend payers in the French market (1.3%).

High Dividend: TFF's dividend (1.3%) is low compared to the top 25% of dividend payers in the French market (3.9%).


Stability and Growth of Payments

Stable Dividend: TFF's dividends per share have been stable in the past 10 years.

Growing Dividend: TFF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38%), TFF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TFF's dividends in 3 years are forecast to be well covered by earnings (23.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

€1m

CEO Compensation


CEO

Jerome Francois

no data

Tenure

€1,000,000

Compensation

Mr. Jerome Francois has been Chief Executive Officer of Tonnellerie Demptos S.A.S. since 1989. Mr. Francois serves as Chairman of the Management Board at TFF Group (also known as Tonnellerie Francois Frere...


CEO Compensation Analysis

Compensation vs Market: Jerome's total compensation ($USD1.18M) is above average for companies of similar size in the French market ($USD549.16K).

Compensation vs Earnings: Jerome's compensation has been consistent with company performance over the past year.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TFF Group's employee growth, exchange listings and data sources


Key Information

  • Name: TFF Group
  • Ticker: TFF
  • Exchange: ENXTPA
  • Founded: 1910
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: €583.192m
  • Shares outstanding: 21.68m
  • Website: https://www.tff-group.com

Number of Employees


Location

  • TFF Group
  • Village Bas
  • Saint-Romain
  • Aquitaine
  • 21190
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:30
End of Day Share Price2021/09/16 00:00
Earnings2021/04/30
Annual Earnings2021/04/30


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.