TPI Composites, Inc.

NasdaqGM:TPIC Stock Report

Market Cap: US$200.8m

TPI Composites Valuation

Is TPIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TPIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TPIC ($4.74) is trading below our estimate of fair value ($7.32)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TPIC?

Other financial metrics that can be useful for relative valuation.

TPIC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA-5.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TPIC's PS Ratio compare to its peers?

The above table shows the PS ratio for TPIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.4x
PSIX Power Solutions International
0.2x5.6%US$90.2m
BW Babcock & Wilcox Enterprises
0.1x4.3%US$102.8m
BWEN Broadwind
0.5x3.8%US$79.5m
SMR NuScale Power
36.9x53.1%US$1.6b
TPIC TPI Composites
0.2x12.1%US$200.8m

Price-To-Sales vs Peers: TPIC is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does TPIC's PE Ratio compare vs other companies in the US Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.3%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.3%
n/an/an/a
No more companies

Price-To-Sales vs Industry: TPIC is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Electrical industry average (1.6x).


Price to Sales Ratio vs Fair Ratio

What is TPIC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TPIC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: TPIC is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TPIC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.23
US$4.89
+15.6%
33.8%US$8.00US$3.00n/a11
May ’25US$3.33
US$4.62
+38.7%
40.0%US$8.00US$2.50n/a11
Apr ’25US$2.85
US$4.62
+62.0%
40.0%US$8.00US$2.50n/a11
Mar ’25US$2.78
US$4.53
+62.9%
42.0%US$8.00US$2.50n/a11
Feb ’25US$2.91
US$4.68
+60.9%
38.7%US$8.00US$2.50n/a11
Jan ’25US$4.14
US$5.68
+37.2%
53.9%US$13.00US$2.50n/a11
Dec ’24US$2.57
US$5.45
+112.2%
59.6%US$13.00US$2.00n/a11
Nov ’24US$2.24
US$10.13
+352.0%
48.0%US$17.00US$3.00n/a12
Oct ’24US$2.65
US$11.42
+331.1%
37.8%US$17.00US$6.00n/a13
Sep ’24US$5.04
US$12.12
+140.4%
35.2%US$17.00US$6.00n/a13
Aug ’24US$5.74
US$14.00
+143.9%
26.6%US$20.00US$9.00n/a13
Jul ’24US$10.37
US$16.07
+55.0%
21.1%US$22.00US$9.00n/a14
Jun ’24US$10.81
US$16.07
+48.7%
21.1%US$22.00US$9.00n/a14
May ’24US$11.58
US$17.21
+48.7%
19.2%US$24.00US$12.00US$3.3314
Apr ’24US$13.05
US$17.29
+32.5%
18.7%US$24.00US$12.00US$2.8514
Mar ’24US$11.24
US$16.92
+50.6%
18.2%US$24.00US$12.00US$2.7813
Feb ’24US$13.64
US$16.46
+20.7%
26.1%US$24.00US$9.00US$2.9113
Jan ’24US$10.14
US$16.77
+65.4%
26.6%US$24.00US$9.00US$4.1413
Dec ’23US$11.54
US$16.85
+46.0%
26.8%US$24.00US$9.00US$2.5713
Nov ’23US$10.08
US$19.00
+88.5%
23.2%US$27.00US$10.00US$2.2413
Oct ’23US$11.28
US$20.69
+83.4%
20.3%US$28.00US$15.00US$2.6513
Sep ’23US$17.85
US$20.46
+14.6%
22.7%US$28.00US$13.00US$5.0413
Aug ’23US$15.62
US$17.58
+12.5%
27.2%US$27.00US$10.50US$5.7413
Jul ’23US$12.43
US$18.04
+45.1%
27.5%US$27.00US$10.50US$10.3713
Jun ’23US$13.74
US$18.04
+31.3%
27.5%US$27.00US$10.50US$10.8113
May ’23US$11.44
US$17.92
+56.6%
30.3%US$27.00US$11.00US$11.5812

Analyst Forecast: Target price is less than 20% higher than the current share price.


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