Turpaz Industries (TASE:TRPZ) - Share price, News & Analysis

Q: What is the Fair Price of TRPZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TRPZ (₪20.3) is trading above our estimate of [[fair value]] (₪17.83)

TRPZ fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

TRPZ Stock Overview

Turpaz Industries Ltd, together with its subsidiaries, primarily provides various natural fragrances and flavors worldwide.

Rewards

Earnings grew by 45.7% over the past year

Risk Analysis

No risks detected for TRPZ from our risk checks.

Turpaz Industries Competitors

Polyram Plastic Industries

TASE:POLP

₪1.5b

Palram Industries (1990)

TASE:PLRM

₪1.1b

Infinya

TASE:INFN

₪2.0b

Ackerstein Group

TASE:ACKR

₪1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Turpaz Industries
Historical stock prices
Current Share Price	₪20.30
52 Week High	₪28.40
52 Week Low	₪13.45
Beta	0
1 Month Change	-2.03%
3 Month Change	-7.09%
1 Year Change	40.68%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	56.52%

Recent News & Updates

Mar 17

Earnings Tell The Story For Turpaz Industries Ltd (TLV:TRPZ)

Turpaz Industries Ltd's ( TLV:TRPZ ) price-to-earnings (or "P/E") ratio of 58.7x might make it look like a strong sell...

Shareholder Returns

	TRPZ	IL Chemicals	IL Market
7D	1.7%	1.6%	0.2%
1Y	40.7%	42.2%	15.7%

Return vs Industry: TRPZ underperformed the IL Chemicals industry which returned 43.3% over the past year.

Return vs Market: TRPZ exceeded the IL Market which returned 16.8% over the past year.

Price Volatility

Is TRPZ's price volatile compared to industry and market?
TRPZ volatility
TRPZ Average Weekly Movement	6.2%
Chemicals Industry Average Movement	5.5%
Market Average Movement	5.3%
10% most volatile stocks in IL Market	8.9%
10% least volatile stocks in IL Market	3.5%

Stable Share Price: TRPZ is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TRPZ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	372	Karen Khazon	https://www.turpaz.co.il

Turpaz Industries Ltd, together with its subsidiaries, primarily provides various natural fragrances and flavors worldwide. The company offers natural and synthesized flavor and fragrance extracts, which are primarily used in the perfume, cosmetics, toiletries, detergents, scented candles, air care and odor neutralizers, and wet wipes industries; and a range of flavors, such as spray died flavors, encapsulation, emulsions, water and oil-soluble flavors, natural flavors, heat-stable flavors for UHT, and others. It also supplies ingredients and fine chemicals for aroma chemicals, pharma, agro, and specialty chemicals industries.

Turpaz Industries Fundamentals Summary

How do Turpaz Industries's earnings and revenue compare to its market cap?
TRPZ fundamental statistics
Market Cap	₪2.03b
Earnings (TTM)	₪43.90m
Revenue (TTM)	₪304.07m

46.3x

P/E Ratio

6.7x

P/S Ratio

Is TRPZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRPZ income statement (TTM)
Revenue	US$93.50m
Cost of Revenue	US$55.56m
Gross Profit	US$37.94m
Other Expenses	US$24.44m
Earnings	US$13.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	40.58%
Net Profit Margin	14.44%
Debt/Equity Ratio	20.3%

How did TRPZ perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

27%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is TRPZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRPZ?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TRPZ. This is calculated by dividing TRPZ's market cap by their current preferred multiple.
What is TRPZ's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$624.76m

TRPZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.6x
Enterprise Value/EBITDA	31.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does TRPZ's PE Ratio compare to its peers?

TRPZ PE Ratio vs Peers

The above table shows the PE ratio for TRPZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	16.4x
POLP Polyram Plastic Industries	15x	n/a	₪1.5b
PLRM Palram Industries (1990)	6.5x	n/a	₪1.1b
INFN Infinya	18x	n/a	₪2.0b
ACKR Ackerstein Group	25.9x	n/a	₪1.4b
TRPZ Turpaz Industries	46.3x	n/a	₪2.0b

Price-To-Earnings vs Peers: TRPZ is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

How does TRPZ's PE Ratio compare vs other companies in the Asian Chemicals Industry?

Price-To-Earnings vs Industry: TRPZ is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the IL Chemicals industry average (10x)

Price to Earnings Ratio vs Fair Ratio

What is TRPZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRPZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	46.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRPZ's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of TRPZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRPZ (₪20.3) is trading above our estimate of fair value (₪17.83)

Significantly Below Fair Value: TRPZ is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is Turpaz Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.9%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Turpaz Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Examine Turpaz Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Turpaz Industries performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

46.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRPZ has high quality earnings.

Growing Profit Margin: TRPZ's current net profit margins (14.4%) are lower than last year (15.3%).

Past Earnings Growth Analysis

Earnings Trend: TRPZ's earnings have grown significantly by 46.2% per year over the past 5 years.

Accelerating Growth: TRPZ's earnings growth over the past year (45.7%) is below its 5-year average (46.2% per year).

Earnings vs Industry: TRPZ earnings growth over the past year (45.7%) exceeded the Chemicals industry 32.8%.

Return on Equity

High ROE: TRPZ's Return on Equity (15%) is considered low.

Discover strong past performing companies

Financial Health

How is Turpaz Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TRPZ's short term assets ($99.2M) exceed its short term liabilities ($38.2M).

Long Term Liabilities: TRPZ's short term assets ($99.2M) exceed its long term liabilities ($49.1M).

Debt to Equity History and Analysis

Debt Level: TRPZ has more cash than its total debt.

Reducing Debt: Insufficient data to determine if TRPZ's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TRPZ's debt is well covered by operating cash flow (85.5%).

Interest Coverage: TRPZ's interest payments on its debt are well covered by EBIT (14.2x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Turpaz Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

0.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TRPZ's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the IL market (1.83%).

High Dividend: TRPZ's dividend (0.57%) is low compared to the top 25% of dividend payers in the IL market (6.17%).

Stability and Growth of Payments

Stable Dividend: TRPZ is not paying a notable dividend for the IL market, therefore no need to check if payments are stable.

Growing Dividend: TRPZ is not paying a notable dividend for the IL market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: TRPZ is not paying a notable dividend for the IL market.

Cash Payout to Shareholders

Cash Flow Coverage: TRPZ is not paying a notable dividend for the IL market.

Discover strong dividend paying companies

Management

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

1.6yrs

Average management tenure

CEO

Karen Khazon (53 yo)

11.58yrs

Tenure

Ms. Karen Cohen Khazon is Chief Executive Officer, Director and Chairperson of Turpaz Industries Ltd. since January 01, 2011. She is Chairperson and Chief Executive Officer of Turpaz Extracts.She is a Dir...

Leadership Team

Experienced Management: TRPZ's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: TRPZ's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/17 00:00
End of Day Share Price	2022/08/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31