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Titan Machinery

Nasdaq:TITN
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TITN
Nasdaq
$347M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores. The last earnings update was 11 days ago. More info.


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  • Titan Machinery has significant price volatility in the past 3 months.
TITN Share Price and Events
7 Day Returns
-3.5%
NasdaqGS:TITN
-0.7%
US Trade Distributors
0.5%
US Market
1 Year Returns
-5.6%
NasdaqGS:TITN
-12.2%
US Trade Distributors
0.8%
US Market
TITN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Titan Machinery (TITN) -3.5% 3.2% -21.2% -5.6% 38% 1.6%
US Trade Distributors -0.7% -1.7% -0.8% -12.2% 28.7% 3.1%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • TITN outperformed the Trade Distributors industry which returned -12.2% over the past year.
  • TITN underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
TITN
Industry
5yr Volatility vs Market

TITN Value

 Is Titan Machinery undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Titan Machinery to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Titan Machinery.

NasdaqGS:TITN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TITN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.916 (1 + (1- 21%) (161.59%))
1.726
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.726 * 5.96%)
13.02%

Discounted Cash Flow Calculation for NasdaqGS:TITN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Titan Machinery is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:TITN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.02%)
2019 26.82 Est @ -53.14% 23.73
2020 17.07 Est @ -36.38% 13.36
2021 12.86 Est @ -24.64% 8.91
2022 10.75 Est @ -16.43% 6.59
2023 9.60 Est @ -10.68% 5.21
2024 8.96 Est @ -6.66% 4.30
2025 8.62 Est @ -3.84% 3.66
2026 8.45 Est @ -1.87% 3.18
2027 8.41 Est @ -0.49% 2.80
2028 8.45 Est @ 0.48% 2.49
Present value of next 10 years cash flows $74.21
NasdaqGS:TITN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $8.45 × (1 + 2.73%) ÷ (13.02% – 2.73%)
$84.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $84.39 ÷ (1 + 13.02%)10
$24.82
NasdaqGS:TITN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $74.21 + $24.82
$99.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $99.03 / 21.80
$4.54
NasdaqGS:TITN Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.54
Current discount Discount to share price of $15.90
= -1 x ($15.90 - $4.54) / $4.54
-250.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Titan Machinery is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Titan Machinery's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Titan Machinery's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TITN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $0.60
NasdaqGS:TITN Share Price ** NasdaqGS (2019-06-14) in USD $15.9
United States of America Trade Distributors Industry PE Ratio Median Figure of 42 Publicly-Listed Trade Distributors Companies 15.67x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Titan Machinery.

NasdaqGS:TITN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TITN Share Price ÷ EPS (both in USD)

= 15.9 ÷ 0.60

26.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Titan Machinery is overvalued based on earnings compared to the US Trade Distributors industry average.
  • Titan Machinery is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Titan Machinery's expected growth come at a high price?
Raw Data
NasdaqGS:TITN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
34.5%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.22x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:TITN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.47x ÷ 34.5%

0.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Titan Machinery is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Titan Machinery's assets?
Raw Data
NasdaqGS:TITN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $15.08
NasdaqGS:TITN Share Price * NasdaqGS (2019-06-14) in USD $15.9
United States of America Trade Distributors Industry PB Ratio Median Figure of 53 Publicly-Listed Trade Distributors Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:TITN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TITN Share Price ÷ Book Value per Share (both in USD)

= 15.9 ÷ 15.08

1.05x

* Primary Listing of Titan Machinery.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Titan Machinery is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Titan Machinery's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Titan Machinery has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TITN Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Titan Machinery expected to grow at an attractive rate?
  • Titan Machinery's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Titan Machinery's earnings growth is expected to exceed the United States of America market average.
  • Titan Machinery's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TITN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TITN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 34.5%
NasdaqGS:TITN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.1%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TITN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TITN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-01-31 1,367 22 4
2020-01-31 1,324 15 4
NasdaqGS:TITN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 1,296 76 13
2019-01-31 1,262 47 12
2018-10-31 1,237 52 16
2018-07-31 1,203 15 8
2018-04-30 1,172 28 -3
2018-01-31 1,193 96 -7
2017-10-31 1,181 123 -17
2017-07-31 1,183 147 -19
2017-04-30 1,192 207 -16
2017-01-31 1,202 141 -14
2016-10-31 1,231 108 -40
2016-07-31 1,244 107 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Titan Machinery's earnings are expected to grow significantly at over 20% yearly.
  • Titan Machinery's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TITN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Titan Machinery Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TITN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-01-31 1.09 1.37 0.99 4.00
2020-01-31 0.66 0.79 0.59 4.00
NasdaqGS:TITN Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 0.60
2019-01-31 0.55
2018-10-31 0.73
2018-07-31 0.36
2018-04-30 -0.12
2018-01-31 -0.32
2017-10-31 -0.78
2017-07-31 -0.89
2017-04-30 -0.76
2017-01-31 -0.65
2016-10-31 -1.90
2016-07-31 -1.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Titan Machinery will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Titan Machinery's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Titan Machinery has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TITN Past Performance

  How has Titan Machinery performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Titan Machinery's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Titan Machinery has delivered over 20% year on year earnings growth in the past 5 years.
  • Titan Machinery has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Titan Machinery has become profitable in the last year making it difficult to compare the US Trade Distributors industry average.
Earnings and Revenue History
Titan Machinery's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Titan Machinery Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TITN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 1,296.08 13.12 206.79
2019-01-31 1,261.51 11.98 201.34
2018-10-31 1,236.53 15.93 197.79
2018-07-31 1,203.22 7.72 194.85
2018-04-30 1,172.20 -2.68 197.94
2018-01-31 1,192.61 -6.91 203.20
2017-10-31 1,180.95 -16.85 207.12
2017-07-31 1,182.88 -18.97 209.89
2017-04-30 1,192.34 -16.14 210.85
2017-01-31 1,201.70 -13.94 213.37
2016-10-31 1,230.93 -40.21 213.68
2016-07-31 1,243.64 -37.08 214.02
2016-04-30 1,299.50 -34.59 217.92
2016-01-31 1,367.84 -37.18 220.52
2015-10-31 1,523.01 -29.77 230.84
2015-07-31 1,671.18 -30.74 246.82
2015-04-30 1,787.98 -31.31 259.23
2015-01-31 1,900.25 -31.60 273.27
2014-10-31 2,118.23 -5.00 285.53
2014-07-31 2,213.05 -1.70 291.07
2014-04-30 2,250.24 2.64 293.42
2014-01-31 2,226.45 8.72 291.20
2013-10-31 2,302.33 24.55 286.33
2013-07-31 2,296.48 32.72 275.27
2013-04-30 2,218.37 34.09 261.63
2013-01-31 2,198.42 42.03 247.56
2012-10-31 2,020.92 44.23 235.62
2012-07-31 1,861.77 43.00 221.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Titan Machinery has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Titan Machinery used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • Titan Machinery has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Titan Machinery's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Titan Machinery has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TITN Health

 How is Titan Machinery's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Titan Machinery's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Titan Machinery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Titan Machinery's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Titan Machinery's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Titan Machinery Company Filings, last reported 1 month ago.

NasdaqGS:TITN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 328.74 560.20 63.33
2019-01-31 335.31 348.16 56.75
2018-10-31 337.58 407.87 52.24
2018-07-31 325.96 434.47 49.67
2018-04-30 321.48 407.25 57.25
2018-01-31 321.86 346.36 53.40
2017-10-31 319.16 422.14 43.86
2017-07-31 314.73 429.65 57.53
2017-04-30 317.30 387.61 56.24
2017-01-31 321.18 362.49 53.15
2016-10-31 332.34 502.71 52.43
2016-07-31 329.77 583.60 51.09
2016-04-30 336.63 596.57 63.78
2016-01-31 338.35 621.73 89.47
2015-10-31 373.83 714.39 78.41
2015-07-31 369.61 804.18 95.42
2015-04-30 366.05 812.88 104.36
2015-01-31 378.36 832.60 127.53
2014-10-31 405.03 1,033.08 110.22
2014-07-31 404.61 1,084.58 89.71
2014-04-30 405.32 1,032.17 82.01
2014-01-31 411.34 978.38 74.24
2013-10-31 410.25 1,162.16 113.37
2013-07-31 403.66 1,077.61 102.41
2013-04-30 399.73 957.06 114.25
2013-01-31 399.92 882.24 124.36
2012-10-31 384.00 986.71 115.67
2012-07-31 368.81 897.29 126.51
  • Titan Machinery's level of debt (137.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (254.8% vs 137.7% today).
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Titan Machinery's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Titan Machinery has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TITN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Titan Machinery dividends.
If you bought $2,000 of Titan Machinery shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Titan Machinery's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Titan Machinery's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TITN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TITN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-01-31
2020-01-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Titan Machinery has not reported any payouts.
  • Unable to verify if Titan Machinery's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Titan Machinery's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Titan Machinery has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Titan Machinery's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Titan Machinery afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Titan Machinery has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TITN Management

 What is the CEO of Titan Machinery's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Meyer
COMPENSATION $483,250
AGE 65
CEO Bio

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, he was a Partner in a Case and New Holland dealership with locations in Lisbon and Wahpeton, North Dakota. He has approximately 33 years of industry experience. He served as chairman of the north dakota implement dealers association and serves as its board member. Mr. Meyer serves as a trustee on the university of minnesota foundation. Mr. Meyer has served on both the Case CE and CaseIH Agriculture Dealer Advisory Boards. Mr. Meyer is a graduate of the University of Minnesota.

CEO Compensation
  • David's compensation has increased in line with Titan Machinery recently becoming profitable.
  • David's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Titan Machinery management team in years:

3.9
Average Tenure
46
Average Age
  • The tenure for the Titan Machinery management team is about average.
Management Team

David Meyer

TITLE
Co-Founder
COMPENSATION
$483K
AGE
65

Mark Kalvoda

TITLE
CFO & Treasurer
COMPENSATION
$907K
AGE
46
TENURE
8.2 yrs

Bj Knutson

TITLE
Chief Operating Officer
COMPENSATION
$648K
AGE
40
TENURE
1.8 yrs

Jason Anderson

TITLE
Vice President of Human Resources & Administration
TENURE
3.9 yrs

Steve Noack

TITLE
General Counsel
TENURE
3.9 yrs

Ray Ochsner

TITLE
Chief Strategy Officer

Jeff Bowman

TITLE
Chief Experience Officer
Board of Directors Tenure

Average tenure and age of the Titan Machinery board of directors in years:

2.3
Average Tenure
63.5
Average Age
  • The average tenure for the Titan Machinery board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Meyer

TITLE
Co-Founder
COMPENSATION
$483K
AGE
65

Rich Mack

TITLE
Director
COMPENSATION
$145K
AGE
50
TENURE
4 yrs

Jody Horner

TITLE
Director
COMPENSATION
$130K
AGE
56
TENURE
3.8 yrs

John Henderson

TITLE
Director
COMPENSATION
$130K
AGE
55
TENURE
2.3 yrs

Stan Dardis

TITLE
Lead Independent Director
COMPENSATION
$135K
AGE
68
TENURE
2 yrs

Tony Christianson

TITLE
Director
COMPENSATION
$120K
AGE
65
TENURE
16.4 yrs

Stan Erickson

TITLE
Director
COMPENSATION
$120K
AGE
67
TENURE
2.3 yrs

Christine Hamilton

TITLE
Director
COMPENSATION
$134K
AGE
62
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Nov 18 Sell David Meyer Individual 30. Nov 18 30. Nov 18 -53,000 $18.56 $-983,680
X
Management checks
We assess Titan Machinery's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Titan Machinery has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TITN News

Simply Wall St News

How Financially Strong Is Titan Machinery Inc. (NASDAQ:TITN)?

Additionally, TITN has produced cash from operations of US$76m in the last twelve months, resulting in an operating cash to total debt ratio of 14%, indicating that TITN’s current level of operating cash is not high enough to cover debt. … At the current liabilities level of US$526m, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.39x. … Next Steps: Although TITN’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Is Titan Machinery Inc.'s (NASDAQ:TITN) CEO Pay Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … The aim of all this is to consider the appropriateness of CEO pay levels. … How Does David Meyer's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should Titan Machinery (NASDAQ:TITN) Be Disappointed With Their 51% Profit?

(NASDAQ:TITN) shareholders have seen the share price descend 15% over the month. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Titan Machinery moved from a loss to profitability.

Simply Wall St -

Are Titan Machinery Inc.’s (NASDAQ:TITN) Returns Worth Your While?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Titan Machinery Inc.'s (NASDAQ:TITN) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Titan Machinery Inc. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Titan Machinery Inc (NASDAQ:TITN): Why Return On Capital Employed Is Important

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Titan Machinery is able to use capital to create earnings will help us understand your potential return. … Titan Machinery's Return On Capital Employed

Simply Wall St -

Read This Before Judging Titan Machinery Inc's (NASDAQ:TITN) ROE

Titan Machinery has a ROE of 2.3%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.023 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Titan Machinery Inc (NASDAQ:TITN) Potentially Undervalued?

Titan Machinery Inc (NASDAQ:TITN), which is in the trade distributors business, and is based in United States,. … A question to answer is whether Titan Machinery's current trading price of $14.82 reflective of the actual value of the? … Let’s take a look at Titan Machinery’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Does Titan Machinery Inc (NASDAQ:TITN)'s Capital Return Make The Cut?

and looking to gauge the potential return on investment in Titan Machinery Inc (NASDAQ:TITN). … Therefore, looking at how efficiently Titan Machinery is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

How Financially Strong Is Titan Machinery Inc (NASDAQ:TITN)?

Titan Machinery Inc (NASDAQ:TITN) is a small-cap stock with a market capitalization of US$355.67m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

TITN Company Info

Description

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.

Details
Name: Titan Machinery Inc.
TITN
Exchange: NasdaqGS
Founded: 1980
$346,680,404
21,803,799
Website: http://www.titanmachinery.com
Address: Titan Machinery Inc.
644 East Beaton Drive,
West Fargo,
North Dakota, 58078,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TITN Common Stock Nasdaq Global Select US USD 06. Dec 2007
DB 3TY Common Stock Deutsche Boerse AG DE EUR 06. Dec 2007
Number of employees
Current staff
Staff numbers
1,606
Titan Machinery employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 00:05
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/30
Last earnings filing: 2019/06/06
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.