TFF Group manufactures and distributes barrels and wood products for the aging of wines and alcohols in Western Europe, Australasia, and North America.
Average dividend payer with moderate growth potential.
Share Price & News
How has TFF Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TFF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TFF underperformed the French Packaging industry which returned -22.1% over the past year.
Return vs Market: TFF underperformed the French Market which returned -12.9% over the past year.
Price Volatility Vs. Market
How volatile is TFF Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes TFF Group (EPA:TFF) Have A Healthy Balance Sheet?
1 month ago | Simply Wall StTFF Group's (EPA:TFF) Earnings Dropped -20%, Did Its Industry Show Weakness Too?
1 month ago | Simply Wall StShould You Use TFF Group's (EPA:TFF) Statutory Earnings To Analyse It?
Is TFF Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TFF (€23.9) is trading below our estimate of fair value (€28.66)
Significantly Below Fair Value: TFF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TFF is poor value based on its PE Ratio (19.2x) compared to the Packaging industry average (9.6x).
PE vs Market: TFF is poor value based on its PE Ratio (19.2x) compared to the French market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: TFF is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: TFF is overvalued based on its PB Ratio (1.5x) compared to the FR Packaging industry average (0.6x).
How is TFF Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TFF's forecast earnings growth (17.6% per year) is above the savings rate (-0.1%).
Earnings vs Market: TFF's earnings (17.6% per year) are forecast to grow faster than the French market (12.5% per year).
High Growth Earnings: TFF's earnings are forecast to grow, but not significantly.
Revenue vs Market: TFF's revenue (4% per year) is forecast to grow faster than the French market (3.8% per year).
High Growth Revenue: TFF's revenue (4% 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 (9%).
How has TFF Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TFF has high quality earnings.
Growing Profit Margin: TFF's current net profit margins (9.6%) are lower than last year (13.4%).
Past Earnings Growth Analysis
Earnings Trend: TFF's earnings have declined by -1.1% 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 (-19.8%) over the past year, making it difficult to compare to the Packaging industry average (15%).
Return on Equity
High ROE: TFF's Return on Equity (7.6%) is considered low.
How is TFF Group's financial position?
Financial Position Analysis
Short Term Liabilities: TFF's short term assets (€384.6M) exceed its short term liabilities (€203.5M).
Long Term Liabilities: TFF's short term assets (€384.6M) exceed its long term liabilities (€65.6M).
Debt to Equity History and Analysis
Debt Level: TFF's debt to equity ratio (58.3%) is considered high.
Reducing Debt: TFF's debt to equity ratio has increased from 28.9% to 58.3% over the past 5 years.
Debt Coverage: TFF's debt is not well covered by operating cash flow (0.03%).
Interest Coverage: TFF's interest payments on its debt are well covered by EBIT (42.1x coverage).
Inventory Level: TFF has a high level of physical assets or inventory.
Debt Coverage by Assets: TFF's debt is covered by short term assets (assets are 1.8x debt).
What is TFF Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TFF's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the French market (2.01%).
High Dividend: TFF's dividend (1.46%) is low compared to the top 25% of dividend payers in the French market (6.17%).
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 (28.1%), 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 (19.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Mr. Jérôme François has been Chief Executive Officer of Tonnellerie Demptos S.A.S. since 1989. Mr. François serves as Chairman of the Management Board at TFF Group (also known as Tonnellerie Francois Frere ...
CEO Compensation Analysis
Compensation vs Market: Jérôme's total compensation ($USD1.11M) is above average for companies of similar size in the French market ($USD613.82K).
Compensation vs Earnings: Jérôme's compensation has been consistent with company performance over the past year.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TFF Group's company bio, employee growth, exchange listings and data sources
- Name: TFF Group
- Ticker: TFF
- Exchange: ENXTPA
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: €518.152m
- Shares outstanding: 21.68m
- Website: https://www.tff-group.com
Number of Employees
- TFF Group
- Village Bas
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TFF||ENXTPA (Euronext Paris)||Yes||Common Shares||FR||EUR||Jan 1999|
|0IH4||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jan 1999|
|TFFP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Jan 1999|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/27 21:03|
|End of Day Share Price||2020/03/27 00:00|
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.