Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores.
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Titan Machinery's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TITN's share price has been volatile over the past 3 months.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: TITN underperformed the US Trade Distributors industry which returned 9.6% over the past year.
Return vs Market: TITN underperformed the US Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Titan Machinery's share price compared to the market and industry in the last 5 years?
Simply Wall St News
21 hours ago | Simply Wall StDid You Manage To Avoid Titan Machinery's (NASDAQ:TITN) 37% Share Price Drop?
3 weeks ago | Simply Wall StWhy You Should Care About Titan Machinery Inc.’s (NASDAQ:TITN) Low Return On Capital
1 month ago | Simply Wall StDespite Its High P/E Ratio, Is Titan Machinery Inc. (NASDAQ:TITN) Still Undervalued?
Is Titan Machinery undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TITN ($12.11) is trading above our estimate of fair value ($0.12)
Significantly Below Fair Value: TITN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TITN is poor value based on its PE Ratio (24.2x) compared to the Trade Distributors industry average (16.4x).
PE vs Market: TITN is poor value based on its PE Ratio (24.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TITN is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: TITN is good value based on its PB Ratio (0.8x) compared to the US Trade Distributors industry average (1.7x).
How is Titan Machinery forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TITN's forecast earnings growth (25.9% per year) is above the savings rate (1.7%).
Earnings vs Market: TITN's earnings (25.9% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TITN's revenue (2.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TITN's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TITN's Return on Equity is forecast to be high in 3 years time
How has Titan Machinery performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TITN has high quality earnings.
Growing Profit Margin: TITN's current net profit margins (0.8%) are lower than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: TITN has become profitable over the past 5 years, growing earnings by 50.6% per year.
Accelerating Growth: TITN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TITN had negative earnings growth (-31.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (3.5%).
Return on Equity
High ROE: TITN's Return on Equity (3.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Titan Machinery's financial position?
Financial Position Analysis
Short Term Liabilities: TITN's short term assets ($773.4M) exceed its short term liabilities ($547.7M).
Long Term Liabilities: TITN's short term assets ($773.4M) exceed its long term liabilities ($139.5M).
Debt to Equity History and Analysis
Debt Level: TITN's debt to equity ratio (139.3%) is considered high.
Reducing Debt: TITN's debt to equity ratio has reduced from 254.7% to 139.3% over the past 5 years.
Inventory Level: TITN has a high level of physical assets or inventory.
Debt Coverage by Assets: TITN's debt is covered by short term assets (assets are 1.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TITN is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: TITN is profitable, therefore cash runway is not a concern.
What is Titan Machinery's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TITN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TITN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TITN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TITN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TITN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Meyer (66yo)
Mr. David Joseph Meyer co-founded Titan Machinery, Inc. in 1980 and has been its Chairman and Director since 1980. Mr. Meyer serves as the Chief Executive Officer of Titan Machinery, Inc. From 1976 to 1980 ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD483.25K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CFO & Treasurer||8.8yrs||US$906.72k||0.68% $1.8m|
|Chief Operating Officer||2.5yrs||US$648.16k||0.13% $339.8k|
|Vice President of Human Resources & Administration||4.6yrs||no data||no data|
|General Counsel||4.6yrs||no data||no data|
|Chief Strategy Officer||0yrs||no data||no data|
|Chief Experience Officer||0yrs||no data||no data|
Experienced Management: TITN's management team is considered experienced (4.6 years average tenure).
|Independent Director||4.7yrs||US$145.00k||0.11% $283.5k|
|Lead Independent Director||2.7yrs||US$135.00k||0.16% $428.6k|
|Independent Director||1.9yrs||US$133.85k||0.042% $111.6k|
|Independent Director||2.9yrs||US$130.00k||0.062% $163.1k|
|Independent Director||2.9yrs||US$120.00k||0.11% $298.7k|
|Independent Director||4.5yrs||US$130.00k||0.11% $277.0k|
Experienced Board: TITN's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Titan Machinery Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Titan Machinery Inc.
- Ticker: TITN
- Exchange: NasdaqGS
- Founded: 1980
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$263.622m
- Shares outstanding: 21.97m
- Website: https://www.titanmachinery.com
Number of Employees
- Titan Machinery Inc.
- 644 East Beaton Drive
- West Fargo
- North Dakota
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TITN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 2007|
|3TY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2007|
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company’s construction equipment comprise heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and mining operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services. The company operates in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, Serbia, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:44|
|End of Day Share Price||2020/02/18 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.