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TITN

Titan MachineryNasdaqGS:TITN Stock Report

Market Cap

US$750.6m

7D

-0.6%

1Y

80.0%

Updated

26 Nov, 2021

Data

Company Financials +
TITN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

TITN Stock Overview

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe.

Price History & Performance

Summary of all time highs, changes and price drops for Titan Machinery
Historical stock prices
Current Share PriceUS$33.85
52 Week HighUS$38.58
52 Week LowUS$17.92
Beta1.74
1 Month Change23.90%
3 Month Change15.21%
1 Year Change79.96%
3 Year Change93.10%
5 Year Change142.13%
Change since IPO257.07%

Recent News & Updates

Nov 04
The Return Trends At Titan Machinery (NASDAQ:TITN) Look Promising

The Return Trends At Titan Machinery (NASDAQ:TITN) Look Promising

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Aug 12
Does Titan Machinery (NASDAQ:TITN) Deserve A Spot On Your Watchlist?

Does Titan Machinery (NASDAQ:TITN) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

TITNUS Trade DistributorsUS Market
7D-0.6%-2.5%-2.7%
1Y80.0%39.9%21.3%

Return vs Industry: TITN exceeded the US Trade Distributors industry which returned 39.9% over the past year.

Return vs Market: TITN exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is TITN's price volatile compared to industry and market?
TITN volatility
TITN Average Weekly Movement6.1%
Trade Distributors Industry Average Movement5.2%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
19802,316David Meyerhttps://www.titanmachinery.com

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. 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.

Titan Machinery Fundamentals Summary

How do Titan Machinery's earnings and revenue compare to its market cap?
TITN fundamental statistics
Market CapUS$750.64m
Earnings (TTM)US$44.07m
Revenue (TTM)US$1.64b

17.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TITN income statement (TTM)
RevenueUS$1.64b
Cost of RevenueUS$1.33b
Gross ProfitUS$306.19m
ExpensesUS$262.12m
EarningsUS$44.07m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.99
Gross Margin18.66%
Net Profit Margin2.69%
Debt/Equity Ratio60.6%

How did TITN perform over the long term?

See historical performance and comparison

Valuation

Is Titan Machinery undervalued compared to its fair value and its price relative to the market?

17.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TITN ($33.85) is trading above our estimate of fair value ($22.7)

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


Price To Earnings Ratio

PE vs Industry: TITN is good value based on its PE Ratio (17x) compared to the US Trade Distributors industry average (20.5x).

PE vs Market: TITN is good value based on its PE Ratio (17x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: TITN is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: TITN is good value based on its PB Ratio (1.8x) compared to the US Trade Distributors industry average (2.4x).


Future Growth

How is Titan Machinery forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TITN's forecast earnings growth (16.8% per year) is above the savings rate (2%).

Earnings vs Market: TITN's earnings (16.8% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: TITN's earnings are forecast to grow, but not significantly.

Revenue vs Market: TITN's revenue (10.6% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: TITN's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TITN's Return on Equity is forecast to be low in 3 years time (14.6%).


Past Performance

How has Titan Machinery performed over the past 5 years?

66.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TITN has high quality earnings.

Growing Profit Margin: TITN's current net profit margins (2.7%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: TITN has become profitable over the past 5 years, growing earnings by 66.2% per year.

Accelerating Growth: TITN's earnings growth over the past year (132.8%) exceeds its 5-year average (66.2% per year).

Earnings vs Industry: TITN earnings growth over the past year (132.8%) exceeded the Trade Distributors industry 84.4%.


Return on Equity

High ROE: TITN's Return on Equity (10.7%) is considered low.


Financial Health

How is Titan Machinery's financial position?


Financial Position Analysis

Short Term Liabilities: TITN's short term assets ($604.2M) exceed its short term liabilities ($305.7M).

Long Term Liabilities: TITN's short term assets ($604.2M) exceed its long term liabilities ($136.0M).


Debt to Equity History and Analysis

Debt Level: TITN's net debt to equity ratio (38.8%) is considered satisfactory.

Reducing Debt: TITN's debt to equity ratio has reduced from 150.9% to 60.6% over the past 5 years.

Debt Coverage: TITN's debt is well covered by operating cash flow (73.5%).

Interest Coverage: TITN's interest payments on its debt are well covered by EBIT (17.6x coverage).


Balance Sheet


Dividend

What is Titan Machinery current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TITN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TITN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

David Meyer (68 yo)

no data

Tenure

US$483,550

Compensation

Mr. David Joseph Meyer Co-Founded Titan Machinery, Inc. in 1980 and has been its Chairman and Director since 1980 and serves as its Chief Executive Officer. From 1976 to 1980, he served as a Partner in a C...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD483.55K) is below average for companies of similar size in the US market ($USD2.26M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TITN's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: TITN's board of directors are considered experienced (5.5 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Titan Machinery Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Titan Machinery Inc.
  • Ticker: TITN
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$750.641m
  • Shares outstanding: 22.18m
  • Website: https://www.titanmachinery.com

Number of Employees


Location

  • Titan Machinery Inc.
  • 644 East Beaton Drive
  • West Fargo
  • North Dakota
  • 58078-2648
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:22
End of Day Share Price2021/11/26 00:00
Earnings2021/10/31
Annual Earnings2021/01/31


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.