| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.82 |
| 52 Week High | US$81.36 |
| 52 Week Low | US$11.75 |
| Beta | 1.52 |
| 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
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.
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...
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
| TPIC | US Electrical | US 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
| TPIC volatility | |
|---|---|
| TPIC Average Weekly Movement | 10.3% |
| Electrical Industry Average Movement | 9.4% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | 14,900 | Bill Siwek | https://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
| TPIC fundamental statistics | |
|---|---|
| Market Cap | US$440.64m |
| Earnings (TTM) | -US$67.09m |
| Revenue (TTM) | US$1.81b |
0.2x
P/S Ratio-6.6x
P/E RatioIs TPIC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TPIC income statement (TTM) | |
|---|---|
| Revenue | US$1.81b |
| Cost of Revenue | US$1.72b |
| Gross Profit | US$92.78m |
| Expenses | US$159.87m |
| Earnings | -US$67.09m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.80 |
| Gross Margin | 5.13% |
| Net Profit Margin | -3.71% |
| Debt/Equity Ratio | 195.0% |
How did TPIC perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:41 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.