Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide.
Thermon Group Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$17.03|
|52 Week High||US$9.98|
|52 Week Low||US$22.61|
|1 Month Change||-2.74%|
|3 Month Change||1.61%|
|1 Year Change||49.12%|
|3 Year Change||-25.31%|
|5 Year Change||-7.09%|
|Change since IPO||38.68%|
Recent News & Updates
Thermon Seeing Signs Of Recovery With Additional Upside From Margins And Senate Bill 3
Thermon is a strong player in a niche market with good cash flow dynamics, making it a unique company with heavy O&G exposure. While FY21/CY20 results reflect end-market challenges from COVID-19, results are trending in the right direction and the outlook remains favorable. Assuming conservative underwriting assumptions for FY23/CY22, it's not unreasonable to see Thermon worth low- to mid-$20/share, suggesting upside of 30%+.
We Think Shareholders May Want To Consider A Review Of Thermon Group Holdings, Inc.'s (NYSE:THR) CEO Compensation Package
Thermon Group Holdings, Inc. ( NYSE:THR ) has not performed well recently and CEO Bruce Thames will probably need to up...
We Think Thermon Group Holdings (NYSE:THR) Is Taking Some Risk With Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|THR||US Electrical||US Market|
Return vs Industry: THR exceeded the US Electrical industry which returned 45.4% over the past year.
Return vs Market: THR exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: THR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: THR's weekly volatility (4%) has been stable over the past year.
About the Company
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, and system accessories, as well as band, strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and has heating accessories that comprise regulators, valves, mounting brackets, and battery cables. The company also offers specialty products, which include CEMS and analytical systems, commercial construction products and services, control panels, engineered products, compressed gas scrubbing systems, temporary power solutions, and snow clearing devices for rail track and switch equipment; and steam heating solutions comprising heat transfer compounds, steam heated bundles, steam supply and condensate return lines, steam tracing solutions, steam trace accessories, and tank heating products.
Thermon Group Holdings Fundamentals Summary
|THR fundamental statistics|
Is THR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|THR income statement (TTM)|
|Cost of Revenue||US$173.90m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||2.79%|
How did THR perform over the long term?See historical performance and comparison
Is Thermon Group Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: THR ($17.03) is trading above our estimate of fair value ($1.17)
Significantly Below Fair Value: THR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: THR is poor value based on its PE Ratio (69.9x) compared to the US Electrical industry average (23.7x).
PE vs Market: THR is poor value based on its PE Ratio (69.9x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: THR is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: THR is good value based on its PB Ratio (1.5x) compared to the US Electrical industry average (3.3x).
How is Thermon Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THR's forecast earnings growth (74% per year) is above the savings rate (2%).
Earnings vs Market: THR's earnings (74% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: THR's revenue (8.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: THR's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if THR's Return on Equity is forecast to be high in 3 years time
How has Thermon Group Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THR has high quality earnings.
Growing Profit Margin: THR's current net profit margins (2.8%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: THR's earnings have declined by 17.7% per year over the past 5 years.
Accelerating Growth: THR's earnings growth over the past year (85.2%) exceeds its 5-year average (-17.7% per year).
Earnings vs Industry: THR earnings growth over the past year (85.2%) exceeded the Electrical industry 54.8%.
Return on Equity
High ROE: THR's Return on Equity (2.1%) is considered low.
How is Thermon Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: THR's short term assets ($214.5M) exceed its short term liabilities ($53.4M).
Long Term Liabilities: THR's short term assets ($214.5M) exceed its long term liabilities ($186.5M).
Debt to Equity History and Analysis
Debt Level: THR's debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: THR's debt to equity ratio has increased from 29.9% to 37.7% over the past 5 years.
Debt Coverage: THR's debt is well covered by operating cash flow (20.3%).
Interest Coverage: THR's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is Thermon Group Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate THR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if THR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Thames (58 yo)
Mr. Bruce A. Thames has been the Chief Executive Officer and President of Thermon Group Holdings, Inc. since April 1, 2016. Mr. Thames served as the Chief Operating Officer and an Executive Vice President...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD2.31M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
Experienced Management: THR's management team is considered experienced (4.8 years average tenure).
Experienced Board: THR's board of directors are considered experienced (3.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thermon Group Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: Thermon Group Holdings, Inc.
- Ticker: THR
- Exchange: NYSE
- Founded: 1954
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$567.633m
- Shares outstanding: 33.33m
- Website: https://www.thermon.com
Number of Employees
- Thermon Group Holdings, Inc.
- 7171 Southwest Parkway
- Building 300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:21|
|End of Day Share Price||2021/10/25 00:00|
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.