Thermon Group Holdings
Market Cap
US$560.4m
Last Updated
2021/01/20 00:24 UTC
Data Sources
Company Financials +
Executive Summary
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with moderate growth potential.
Similar Companies
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: THR's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-5.5%
THR
-1.7%
US Electrical
0.3%
US Market
1 Year Return
-35.1%
THR
48.5%
US Electrical
21.1%
US Market
Return vs Industry: THR underperformed the US Electrical industry which returned 44.9% over the past year.
Return vs Market: THR underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| THR | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.5% | -1.7% | 0.3% |
| 30 Day | 8.5% | 15.1% | 3.3% |
| 90 Day | 45.4% | 32.0% | 14.2% |
| 1 Year | -35.1%-35.1% | 51.5%48.5% | 23.8%21.1% |
| 3 Year | -30.2%-30.2% | 69.1%59.4% | 45.0%35.4% |
| 5 Year | 5.2%5.2% | 141.2%122.3% | 127.7%102.3% |
Long-Term 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
2 weeks ago | Simply Wall St
Thermon Group Holdings, Inc. (NYSE:THR) Shares Could Be 34% Below Their Intrinsic Value Estimate1 month ago | Simply Wall St
Are Insiders Buying Thermon Group Holdings, Inc. (NYSE:THR) Stock?1 month ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At Thermon Group Holdings (NYSE:THR)?Valuation
Is Thermon Group Holdings undervalued compared to its fair value and its price relative to the market?
1.56x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: THR ($16.89) is trading above our estimate of fair value ($6.76)
Significantly Below Fair Value: THR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: THR is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.
PE vs Market: THR 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 THR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: THR is good value based on its PB Ratio (1.6x) compared to the US Electrical industry average (4.6x).
Next Steps
Future Growth
How is Thermon Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
74.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: THR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: THR's is expected to become profitable in the next 3 years.
Revenue vs Market: THR's revenue (1.9% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: THR's revenue (1.9% 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
Next Steps
Past Performance
How has Thermon Group Holdings performed over the past 5 years?
-16.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THR is currently unprofitable.
Growing Profit Margin: THR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: THR is unprofitable, and losses have increased over the past 5 years at a rate of 16.8% per year.
Accelerating Growth: Unable to compare THR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: THR is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-18.5%).
Return on Equity
High ROE: THR has a negative Return on Equity (-0.19%), as it is currently unprofitable.
Next Steps
Financial Health
How is Thermon Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: THR's short term assets ($219.6M) exceed its short term liabilities ($56.2M).
Long Term Liabilities: THR's short term assets ($219.6M) exceed its long term liabilities ($212.3M).
Debt to Equity History and Analysis
Debt Level: THR's debt to equity ratio (47.6%) is considered high.
Reducing Debt: THR's debt to equity ratio has increased from 37.8% to 47.6% over the past 5 years.
Debt Coverage: THR's debt is well covered by operating cash flow (31.2%).
Interest Coverage: THR is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Bruce Thames (57 yo)
4.75yrs
Tenure
US$2,187,546
Compensation
Mr. Bruce A. Thames has been the Chief Executive Officer and President of Thermon Group Holdings, Inc. since April 1, 2016. Mr. Thames served as the Chief Operating Officer and an Executive Vice President ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD2.19M) is above average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.75yrs | US$2.19m | 0.29% $ 1.6m | |
| CFO, Senior VP of Finance | 10.5yrs | US$822.34k | 0.24% $ 1.3m | |
| Senior Vice President of Global Operations | 9.75yrs | US$759.85k | 0.40% $ 2.3m | |
| Senior Vice President of Global Sales | 2yrs | US$645.37k | 0.0031% $ 17.1k | |
| Senior Vice President of Global Engineering & Project Services | 4.25yrs | US$613.04k | 0.017% $ 95.4k | |
| General Counsel & Corporate Secretary | 1.92yrs | no data | 0.0045% $ 25.2k | |
| Vice President of Corporate Development | 1.83yrs | no data | 0.0037% $ 20.7k | |
| Vice President of Human Resources | 4yrs | no data | 0.014% $ 77.3k | |
| Senior Vice President of Thermon Heating Systems | 4yrs | no data | 0.037% $ 206.7k | |
| Senior Vice President of Thermon Heat Tracing | 4yrs | no data | 0.029% $ 160.4k |
4.0yrs
Average Tenure
49yo
Average Age
Experienced Management: THR's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.75yrs | US$2.19m | 0.29% $ 1.6m | |
| Independent Director | 8.58yrs | US$163.20k | 0.099% $ 553.2k | |
| Independent Director | 10.75yrs | US$163.20k | 0.077% $ 432.9k | |
| Independent Non-Executive Chairperson | 1.5yrs | US$187.83k | 0.10% $ 559.0k | |
| Independent Director | 1.5yrs | US$123.71k | 0.045% $ 250.6k | |
| Independent Director | 1.5yrs | US$123.71k | 0.036% $ 204.1k | |
| Independent Director | 9.67yrs | US$172.58k | 0.14% $ 757.3k | |
| Independent Director | 2.67yrs | US$170.95k | 0.039% $ 217.0k |
3.7yrs
Average Tenure
67yo
Average Age
Experienced Board: THR'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: 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Thermon Group Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Thermon Group Holdings, Inc.
- Ticker: THR
- Exchange: NYSE
- Founded: 1954
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$560.418m
- Shares outstanding: 33.18m
- Website: https://www.thermon.com
Number of Employees
Location
- Thermon Group Holdings, Inc.
- 7171 Southwest Parkway
- Building 300
- Austin
- Texas
- 78735
- United States
Listings
| 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 |
Biography
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include various electric heat tracing cables, steam tracing components, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 00:24 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.