Technical Publications Service
Market Cap
€24.4m
Last Updated
2020/11/27 18:52 UTC
Data Sources
Company Financials
Executive Summary
Technical Publications Service S.p.A. provides technical and engineering services for the aeronautical industry in Italy. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has Technical Publications Service's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPS is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TPS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0%
TPS
0.9%
IT Aerospace & Defense
2.8%
IT Market
1 Year Return
-28.8%
TPS
-23.7%
IT Aerospace & Defense
-9.5%
IT Market
Return vs Industry: TPS underperformed the Italian Aerospace & Defense industry which returned -23.7% over the past year.
Return vs Market: TPS underperformed the Italian Market which returned -9.5% over the past year.
Shareholder returns
| TPS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.9% | 2.8% |
| 30 Day | 5.0% | 32.0% | 17.1% |
| 90 Day | -11.6% | 17.7% | 9.7% |
| 1 Year | -28.8%-28.8% | -23.2%-23.7% | -7.0%-9.5% |
| 3 Year | -32.3%-33.1% | 8.5%3.3% | 0.6%-9.2% |
| 5 Year | n/a | 45.3%32.0% | 7.1%-26.5% |
Long-Term Price Volatility Vs. Market
How volatile is Technical Publications Service's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Is Technical Publications Service S.p.A.'s(BIT:TPS) Recent Stock Performance Tethered To Its Strong Fundamentals?1 month ago | Simply Wall St
Investors Don't See Light At End Of Technical Publications Service S.p.A.'s (BIT:TPS) Tunnel2 months ago | Simply Wall St
Will Technical Publications Service (BIT:TPS) Multiply In Value Going Forward?Valuation
Is Technical Publications Service undervalued compared to its fair value and its price relative to the market?
11.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TPS (€3.36) is trading above our estimate of fair value (€0.52)
Significantly Below Fair Value: TPS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TPS is good value based on its PE Ratio (11.8x) compared to the XE Aerospace & Defense industry average (22.1x).
PE vs Market: TPS is good value based on its PE Ratio (11.8x) compared to the Italian market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TPS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TPS is good value based on its PB Ratio (1.2x) compared to the XE Aerospace & Defense industry average (1.9x).
Next Steps
Future Growth
How is Technical Publications Service forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
33.4%
Forecasted Capital Goods 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 Technical Publications Service 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.
Next Steps
- Examine whether Technical Publications Service is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Technical Publications Service competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Technical Publications Service performed over the past 5 years?
12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPS has high quality earnings.
Growing Profit Margin: TPS's current net profit margins (5.8%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: TPS's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: TPS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TPS had negative earnings growth (-7.4%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-12.8%).
Return on Equity
High ROE: TPS's Return on Equity (10.5%) is considered low.
Next Steps
Financial Health
How is Technical Publications Service's financial position?
Financial Position Analysis
Short Term Liabilities: TPS's short term assets (€25.7M) exceed its short term liabilities (€9.0M).
Long Term Liabilities: TPS's short term assets (€25.7M) exceed its long term liabilities (€5.5M).
Debt to Equity History and Analysis
Debt Level: TPS's debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TPS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TPS's debt is well covered by operating cash flow (419.1%).
Interest Coverage: TPS's interest payments on its debt are well covered by EBIT (41.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Technical Publications Service current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPS's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.53%).
High Dividend: TPS's dividend (1.49%) is low compared to the top 25% of dividend payers in the Italian market (4.83%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TPS has been paying a dividend for less than 10 years.
Growing Dividend: TPS has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.6%), TPS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Alessandro Rosso
no data
Tenure
Alessandro Rosso serves as Chairman and Chief Executive Officer at Technical Publications Service.
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
Technical Publications Service S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Technical Publications Service S.p.A.
- Ticker: TPS
- Exchange: BIT
- Founded: 1964
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €24.393m
- Shares outstanding: 7.26m
- Website: https://www.tps-group.it
Number of Employees
Location
- Technical Publications Service S.p.A.
- via Olanda n. 5a
- Gallarate
- Varese
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TPS | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Mar 2017 |
Biography
Technical Publications Service S.p.A. provides technical and engineering services for the aeronautical industry in Italy. It also provides support services to the customers in the design of complex, mechan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 18:52 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.