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TPIC

TPI CompositesNasdaqGM:TPIC Stock Report

Last Price

US$11.82

Market Cap

US$440.6m

7D

-12.4%

1Y

-81.9%

Updated

19 Jan, 2022

Data

Company Financials +
TPIC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TPIC Stock Overview

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs).

TPI Composites Competitors

Sinoma Science & TechnologyLtd

SZSE:002080

CN¥50.7b

Aeris Indústria e Comércio de Equipamentos para Geração de Energia

BOVESPA:AERI3

R$4.7b

Price History & Performance

Summary of all time highs, changes and price drops for TPI Composites
Historical stock prices
Current Share PriceUS$11.82
52 Week HighUS$81.36
52 Week LowUS$11.75
Beta1.52
1 Month Change-22.13%
3 Month Change-65.01%
1 Year Change-81.91%
3 Year Change-58.58%
5 Year Change-36.72%
Change since IPO-12.83%

Recent News & Updates

Dec 15

TPI Composites : Good Play In Wind Energy, Despite Operational Challenges

Finally, TPIC reported its Q3 financial results defined by several operational challenges that highly pressured financials and TPIC’s stock has fallen significantly after the announcement. In my opinion, the company maintains a positive long-term outlook and perspectives, poor performance will likely keep shares highly volatile and limit upside. The TPIC stock has underperformed all year against near-term headwinds for the broader wind market including supply chain disruptions and weaker deployments forecasts.

Nov 22
TPI Composites (NASDAQ:TPIC) Use Of Debt Could Be Considered Risky

TPI Composites (NASDAQ:TPIC) Use Of Debt Could Be Considered Risky

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 17

TPI Composites: Still Missing A Strong Tailwind

TPIC reported its Q3 results defined by several operational challenges that pressured financials. The stock has underperformed all year against near-term headwinds for the broader wind market including supply chain disruptions and weaker deployments forecasts. While the company maintains a positive long-term outlook, poor sentiment will likely keep shares highly volatile and limit upside.

Shareholder Returns

TPICUS ElectricalUS Market
7D-12.4%-5.7%-4.6%
1Y-81.9%-6.2%7.7%

Return vs Industry: TPIC underperformed the US Electrical industry which returned -5.2% over the past year.

Return vs Market: TPIC underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is TPIC's price volatile compared to industry and market?
TPIC volatility
TPIC Average Weekly Movement10.3%
Electrical Industry Average Movement9.4%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: TPIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: TPIC's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196814,900Bill Siwekhttps://www.tpicomposites.com

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India.

TPI Composites Fundamentals Summary

How do TPI Composites's earnings and revenue compare to its market cap?
TPIC fundamental statistics
Market CapUS$440.64m
Earnings (TTM)-US$67.09m
Revenue (TTM)US$1.81b

0.2x

P/S Ratio

-6.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPIC income statement (TTM)
RevenueUS$1.81b
Cost of RevenueUS$1.72b
Gross ProfitUS$92.78m
ExpensesUS$159.87m
Earnings-US$67.09m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.80
Gross Margin5.13%
Net Profit Margin-3.71%
Debt/Equity Ratio195.0%

How did TPIC perform over the long term?

See historical performance and comparison

Valuation

Is TPI Composites undervalued compared to its fair value and its price relative to the market?

27.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPIC ($11.82) is trading below our estimate of fair value ($16.36)

Significantly Below Fair Value: TPIC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TPIC is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.

PE vs Market: TPIC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TPIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPIC is overvalued based on its PB Ratio (3.4x) compared to the US Electrical industry average (2.6x).


Future Growth

How is TPI Composites forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

102.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPIC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: TPIC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TPIC's is expected to become profitable in the next 3 years.

Revenue vs Market: TPIC's revenue (7.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: TPIC's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPIC is forecast to be unprofitable in 3 years.


Past Performance

How has TPI Composites performed over the past 5 years?

-60.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPIC is currently unprofitable.

Growing Profit Margin: TPIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPIC is unprofitable, and losses have increased over the past 5 years at a rate of 60.4% per year.

Accelerating Growth: Unable to compare TPIC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPIC is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (56.7%).


Return on Equity

High ROE: TPIC has a negative Return on Equity (-51.19%), as it is currently unprofitable.


Financial Health

How is TPI Composites's financial position?


Financial Position Analysis

Short Term Liabilities: TPIC's short term assets ($598.8M) do not cover its short term liabilities ($663.3M).

Long Term Liabilities: TPIC's short term assets ($598.8M) exceed its long term liabilities ($168.3M).


Debt to Equity History and Analysis

Debt Level: TPIC's net debt to equity ratio (104.2%) is considered high.

Reducing Debt: TPIC's debt to equity ratio has increased from 101.2% to 195% over the past 5 years.


Balance Sheet


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: TPIC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TPIC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is TPI Composites's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TPIC'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 TPIC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPIC'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 TPIC'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?

2.5yrs

Average management tenure


CEO

Bill Siwek (58 yo)

2.67yrs

Tenure

US$3,450,007

Compensation

Mr. William E. Siwek, also known as Bill, has been President at TPI Composites, Inc. since May 13, 2019 and Its Chief Executive Officer May 20, 2020. He served as the Chief Financial Officer at TPI Composi...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD3.45M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: TPIC's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: TPIC's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TPIC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.


Top Shareholders

Company Information

TPI Composites, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: TPI Composites, Inc.
  • Ticker: TPIC
  • Exchange: NasdaqGM
  • Founded: 1968
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Implied Market Cap: US$440.637m
  • Shares outstanding: 37.28m
  • Website: https://www.tpicomposites.com

Number of Employees


Location

  • TPI Composites, Inc.
  • Gainey Center II
  • Suite 100
  • Scottsdale
  • Arizona
  • 85253
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.