Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific.
Mediocre balance sheet and overvalued.
Share Price & News
How has Thermon Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: THR underperformed the US Electrical industry which returned 9.3% over the past year.
Return vs Market: THR underperformed the US Market which returned 9.9% over the past year.
Price Volatility Vs. Market
How volatile is Thermon Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StDid Changing Sentiment Drive Thermon Group Holdings' (NYSE:THR) Share Price Down By 33%?
2 weeks ago | Simply Wall StHow Do Thermon Group Holdings, Inc.’s (NYSE:THR) Returns On Capital Compare To Peers?
4 weeks ago | Simply Wall StNeed To Know: Thermon Group Holdings, Inc. (NYSE:THR) Insiders Have Been Buying Shares
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 ($16.03) is trading above our estimate of fair value ($11.83)
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 (24.2x) compared to the Electrical industry average (17.2x).
PE vs Market: THR is poor value based on its PE Ratio (24.2x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: THR is poor value based on its PEG Ratio (7.3x)
Price to Book Ratio
PB vs Industry: THR is good value based on its PB Ratio (1.4x) compared to the US Electrical industry average (1.9x).
How is Thermon Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THR's forecast earnings growth (3.3% per year) is above the savings rate (2.2%).
Earnings vs Market: THR's earnings (3.3% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: THR's earnings are forecast to grow, but not significantly.
Revenue vs Market: THR's revenue is expected to decline over the next 3 years (-8.6% per year).
High Growth Revenue: THR's revenue is forecast to decline over the next 3 years (-8.6% 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 (5.3%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: THR's earnings have declined by -20.6% per year over the past 5 years.
Accelerating Growth: THR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: THR had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Electrical industry average (-6.4%).
Return on Equity
High ROE: THR's Return on Equity (5.9%) is considered low.
How is Thermon Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: THR's short term assets ($226.4M) exceed its short term liabilities ($60.5M).
Long Term Liabilities: THR's short term assets ($226.4M) exceed its long term liabilities ($217.2M).
Debt to Equity History and Analysis
Debt Level: THR's debt to equity ratio (48%) is considered high.
Reducing Debt: THR's debt to equity ratio has increased from 40% to 48% over the past 5 years.
Debt Coverage: THR's debt is well covered by operating cash flow (37.1%).
Interest Coverage: THR's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Thermon Group Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate THR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if THR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Thames (56yo)
Mr. Bruce A. Thames has been the Chief Executive Officer and President of Thermon Group Holdings, Inc. since April 1, 2016. Mr. Thames served as the Chief Operating Officer and an Executive Vice President ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD3.11M) is above average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Bruce's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CFO, Senior VP of Finance||9.92yrs||US$1.24m||0.18% $946.1k|
|Senior Vice President of Global Operations||9.17yrs||US$1.15m||0.39% $2.1m|
|Senior Vice President of Global Sales||1.42yrs||US$486.55k||no data|
|General Counsel & Corporate Secretary||no data||no data||no data|
|Vice President of Corporate Development||1.25yrs||no data||no data|
|Senior Vice President of Thermon Heating Systems||1.42yrs||no data||0.030% $155.8k|
|Senior Vice President of Thermon Heat Tracing||3.42yrs||no data||0.021% $111.5k|
|Senior Vice President of Global Engineering & Project Services||3.67yrs||no data||0.010% $54.8k|
Experienced Management: THR's management team is considered experienced (3.4 years average tenure).
|Independent Director||8yrs||US$117.92k||0.084% $440.5k|
|Independent Director||10.17yrs||US$117.92k||0.064% $338.6k|
|Independent Director||10.17yrs||US$170.42k||0.17% $889.6k|
|Non-Executive Chairperson||0.92yr||US$125.92k||0.075% $393.7k|
|Independent Director||0.92yr||no data||0.029% $153.3k|
|Independent Director||0.92yr||no data||0.021% $109.2k|
|Independent Director||9.08yrs||US$125.42k||0.080% $421.0k|
|Independent Director||2.08yrs||US$111.77k||0.023% $121.5k|
Experienced Board: THR's board of directors are considered experienced (4.2 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 company bio, employee growth, exchange listings and data sources
- Name: Thermon Group Holdings, Inc.
- Ticker: THR
- Exchange: NYSE
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$527.144m
- Shares outstanding: 32.88m
- Website: https://www.thermon.com
Number of Employees
- Thermon Group Holdings, Inc.
- 7171 Southwest Parkway
- Building 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|THR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||May 2011|
|8TG||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2011|
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as related product lines. The company offers self-regulating and power limiting heating cables that automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures that is primarily used in harsh environments; skin effect trace heater; and heat traced tube bundles for environmental gas sampling systems. It also provides heat transfer compounds and steam tracers for comprehensive steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers, and instrument sampling systems; and turnkey solutions that provide customers with solutions for heat tracing, including design, optimization, installation, and ongoing maintenance. In addition, the company offers explosion-proof gas catalytic heaters, convection heaters designed for rugged industrial applications, electric heaters engineered for industrial processes and environments, advanced gas and liquid filtration systems, and heat transfer systems for rail track and switch equipment. Further, it provides heating, sensing, monitoring, and controlling tools; and equipment for temporary electric power distribution and lighting products used in energy infrastructure construction projects and maintenance/turnaround projects. The company offers its solutions to the oil and gas, chemical processing, and power generation markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. is headquartered in Austin, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 04:22|
|End of Day Share Price||2020/05/29 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.