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Market Cap

US$1.7b

Last Updated

2021/05/10 23:20 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has TPI Composites's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPIC is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: TPIC's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-13.6%

TPIC

-0.9%

US Electrical

-1.2%

US Market


1 Year Return

136.8%

TPIC

83.8%

US Electrical

48.3%

US Market

Return vs Industry: TPIC exceeded the US Electrical industry which returned 85.2% over the past year.

Return vs Market: TPIC exceeded the US Market which returned 49.9% over the past year.


Shareholder returns

TPICIndustryMarket
7 Day-13.6%-0.9%-1.2%
30 Day-14.2%-2.2%0.2%
90 Day-39.3%-5.2%1.6%
1 Year136.8%136.8%87.2%83.8%50.8%48.3%
3 Year71.9%71.9%75.2%66.2%62.0%51.9%
5 Yearn/a95.9%81.7%126.9%101.7%

Long-Term Price Volatility Vs. Market

How volatile is TPI Composites's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

8.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TPIC ($45.51) is trading above our estimate of fair value ($28.48)

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


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 (8.3x) compared to the US Electrical industry average (3.5x).


Future Growth

How is TPI Composites forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

42.7%

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 (8.7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: TPIC's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPIC's Return on Equity is forecast to be high in 3 years time (24.3%)


Past Performance

How has TPI Composites performed over the past 5 years?

-55.6%

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 55.6% 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 (-8.8%).


Return on Equity

High ROE: TPIC has a negative Return on Equity (-10.45%), 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 ($537.4M) exceed its short term liabilities ($419.8M).

Long Term Liabilities: TPIC's short term assets ($537.4M) exceed its long term liabilities ($339.6M).


Debt to Equity History and Analysis

Debt Level: TPIC's debt to equity ratio (107.3%) is considered high.

Reducing Debt: TPIC's debt to equity ratio has reduced from 1302.3% to 107.3% 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 3 years 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?

2.0yrs

Average management tenure


CEO

Bill Siwek (57 yo)

1

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 ($USD3.45M) is about average for companies of similar size in the US market ($USD3.75M).

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 years average tenure).


Board Members

Experienced Board: TPIC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 4.1%.


Top Shareholders

Company Information

TPI Composites, Inc.'s company bio, 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
  • Market Cap: US$1.671b
  • Shares outstanding: 36.71m
  • Website: https://www.tpicomposites.com

Number of Employees


Location

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

Listings


Biography

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 solutio...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 23:20
End of Day Share Price2021/05/10 00:00
Earnings2021/03/31
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.