BIT:TPS

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Technical Publications Service

Executive Summary

Technical Publications Service S.p.A. provides technical and engineering services for the aeronautical industry in Italy.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

TPS

4.8%

IT Aerospace & Defense

3.6%

IT Market


1 Year Return

-12.5%

TPS

-19.0%

IT Aerospace & Defense

-1.9%

IT Market

Return vs Industry: TPS exceeded the Italian Aerospace & Defense industry which returned -19% over the past year.

Return vs Market: TPS underperformed the Italian Market which returned -1.9% over the past year.


Shareholder returns

TPSIndustryMarket
7 Day-1.8%4.8%3.6%
30 Day-7.7%9.2%2.0%
90 Day-12.5%24.3%17.5%
1 Year-12.5%-12.5%-18.3%-19.0%0.7%-1.9%
3 Year-26.3%-27.2%-2.9%-8.3%-3.4%-12.3%
5 Yearn/a30.9%17.5%-0.7%-31.9%

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

Valuation

Is Technical Publications Service undervalued compared to its fair value and its price relative to the market?

10.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TPS (€3.36) is trading above our estimate of fair value (€0.54)

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 (10.2x) compared to the XE Aerospace & Defense industry average (18.4x).

PE vs Market: TPS is good value based on its PE Ratio (10.2x) compared to the Italian market (16.9x).


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 (1.3x) compared to the XE Aerospace & Defense industry average (1.6x).


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?

22.6%

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

Past Performance

How has Technical Publications Service performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPS has high quality earnings.

Growing Profit Margin: TPS's current net profit margins (6.5%) are lower than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: TPS's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: TPS's earnings growth over the past year (3.6%) is below its 5-year average (15.2% per year).

Earnings vs Industry: TPS earnings growth over the past year (3.6%) exceeded the Aerospace & Defense industry -0.3%.


Return on Equity

High ROE: TPS's Return on Equity (12.6%) 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 (€26.2M) exceed its short term liabilities (€10.3M).

Long Term Liabilities: TPS's short term assets (€26.2M) exceed its long term liabilities (€5.9M).


Debt to Equity History and Analysis

Debt Level: TPS's debt to equity ratio (12%) 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 (107%).

Interest Coverage: TPS's interest payments on its debt are well covered by EBIT (31.9x 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 (1.8%).

High Dividend: TPS's dividend (1.49%) is low compared to the top 25% of dividend payers in the Italian market (4.89%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TPS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TPS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.2%), 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

Location

  • Technical Publications Service S.p.A.
  • via Olanda n. 5a
  • Gallarate
  • Varese
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPSBIT (Borsa Italiana)YesCommon StockITEURMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:28
End of Day Share Price2020/08/13 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.