Technical Publications Service
Market Cap
€31.4m
Last Updated
2019/09/23 21:44 UTC
Data Sources
Company Financials +
Executive Summary
Technical Publications Service S.p.A. provides technical and engineering services for the aeronautical industry.
Snowflake
Fundamentals
Undervalued with excellent balance sheet.
Risks
- Technical Publications Service is covered by less than 3 analysts.
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
Market Performance
7 Day Return
8.0%
TPS
-1.0%
IT Aerospace & Defense
-0.4%
IT Market
1 Year Return
1.2%
TPS
5.2%
IT Aerospace & Defense
-0.5%
IT Market
TPS underperformed the Aerospace & Defense industry which returned 4.9% over the past year.
TPS outperformed the Market in Italy which returned -0.3% over the past year.
Share holder returns
| TPS | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.0% | -1.0% | -0.4% |
| 30 Day | 12.5% | 1.9% | 4.9% |
| 90 Day | 8.0% | 2.5% | 1.9% |
| 1 Year | 2.4%1.2% | 7.5%5.2% | 3.9%-0.5% |
| 3 Year | n/a | 83.4%71.7% | 32.1%13.8% |
| 5 Year | n/a | 129.1%101.0% | 13.9%-30.9% |
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
2 weeks ago | Simply Wall St
These Fundamentals Make Technical Publications Service S.p.A. (BIT:TPS) Truly Worth Looking At4 weeks ago | Simply Wall St
Technical Publications Service S.p.A. (BIT:TPS): Will The Growth Last?1 month ago | Simply Wall St
Is Technical Publications Service S.p.A.'s (BIT:TPS) 1.3% Dividend Worth Your Time?Valuation
Is Technical Publications Service undervalued based on future cash flows and its price relative to the stock market?
31%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Technical Publications Service's share price is below the future cash flow value, and at a moderate discount (> 20%).
Technical Publications Service's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Technical Publications Service is good value based on earnings compared to the Europe Aerospace & Defense industry average.
Technical Publications Service is good value based on earnings compared to the Italy market.
Price Based on Expected Growth
Technical Publications Service is good value based on expected growth next year.
Price Based on Value of Assets
Technical Publications Service is good value based on assets compared to the Europe Aerospace & Defense industry average.
Next Steps
Future Growth
How is Technical Publications Service expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
24.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Technical Publications Service's revenue is expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
Technical Publications Service's earnings are expected to grow significantly at over 20% yearly.
Technical Publications Service's revenue growth is expected to exceed the Italy market average.
Technical Publications Service's earnings growth is expected to exceed the Italy market average.
Technical Publications Service's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Technical Publications Service will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Technical Publications Service performed over the past 5 years?
16.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Technical Publications Service's year on year earnings growth rate has been positive over the past 5 years.
Technical Publications Service's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Technical Publications Service's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Return on Equity
Technical Publications Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Technical Publications Service used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
Return on Capital Employed
Technical Publications Service's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Technical Publications Service's financial position?
Financial Position Analysis
Technical Publications Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Technical Publications Service's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Technical Publications Service's level of debt (9.4%) compared to net worth is satisfactory (less than 40%).
Unable to establish if Technical Publications Service's debt level has increased without past 5-year debt data.
Debt is well covered by operating cash flow (326.1%, greater than 20% of total debt).
Technical Publications Service earns more interest than it pays, coverage of interest payments is not a concern.
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 13.8x debt.
Next Steps
Dividend
What is Technical Publications Service's current dividend yield, its reliability and sustainability?
1.16%
Current Dividend Yield
Dividend Yield and Payments Analysis
Technical Publications Service's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (1.98%).
Technical Publications Service's dividend is below the markets top 25% of dividend payers in Italy (4.35%).
It is too early to tell whether Technical Publications Service has stable dividend payments.
Technical Publications Service only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to Shareholders
Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Technical Publications Service's salary, the management and board of directors tenure and is there insider trading?
CEO
Technical Publications Service has no CEO, or we have no data on them.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Board Members
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: €31.353m
- Shares outstanding: 7.26m
- Website: https://www.tps-group.it
Location
- Technical Publications Service S.p.A.
- via Olanda n. 5
- 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. It also provides support and consulting services to the customers in the design of complex, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/23 21:44 |
| End of Day Share Price | 2019/09/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.