Turning Point Brands, Inc., together with its subsidiaries, provides other tobacco products in the United States.
Good value with reasonable growth potential.
Share Price & News
How has Turning Point Brands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TPB underperformed the US Tobacco industry which returned -10.9% over the past year.
Return vs Market: TPB underperformed the US Market which returned 20.3% over the past year.
Price Volatility Vs. Market
How volatile is Turning Point Brands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StWhat Can We Learn From Turning Point Brands, Inc.’s (NYSE:TPB) Investment Returns?
2 weeks ago | Simply Wall StIs Turning Point Brands (NYSE:TPB) A Risky Investment?
4 weeks ago | Simply Wall StTurning Point Brands (NYSE:TPB) Shareholders Have Enjoyed An Impressive 105% Share Price Gain
Is Turning Point Brands undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPB ($23.47) is trading below our estimate of fair value ($36.6)
Significantly Below Fair Value: TPB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPB is poor value based on its PE Ratio (14.8x) compared to the Tobacco industry average (14.3x).
PE vs Market: TPB is good value based on its PE Ratio (14.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TPB is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: TPB is overvalued based on its PB Ratio (4.8x) compared to the US Tobacco industry average (3.4x).
How is Turning Point Brands forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPB's forecast earnings growth (21% per year) is above the savings rate (1.7%).
Earnings vs Market: TPB's earnings (21% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TPB's revenue is expected to decline over the next 3 years (-4.1% per year).
High Growth Revenue: TPB's revenue is forecast to decline over the next 3 years (-4.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPB's Return on Equity is forecast to be high in 3 years time (31.6%)
How has Turning Point Brands performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPB has a large one-off loss of $11.5M impacting its September 30 2019 financial results.
Growing Profit Margin: TPB's current net profit margins (8.2%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: TPB has become profitable over the past 5 years, growing earnings by 40.1% per year.
Accelerating Growth: TPB's earnings growth over the past year (30.2%) is below its 5-year average (40.1% per year).
Earnings vs Industry: TPB earnings growth over the past year (30.2%) exceeded the Tobacco industry 2.3%.
Return on Equity
High ROE: Whilst TPB's Return on Equity (32.54%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Turning Point Brands's financial position?
Financial Position Analysis
Short Term Liabilities: TPB's short term assets ($202.6M) exceed its short term liabilities ($43.3M).
Long Term Liabilities: TPB's short term assets ($202.6M) do not cover its long term liabilities ($315.7M).
Debt to Equity History and Analysis
Debt Level: TPB's debt to equity ratio (332.3%) is considered high.
Reducing Debt: TPB had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: TPB's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: TPB's interest payments on its debt are well covered by EBIT (4.5x coverage).
Inventory Level: TPB has a high level of physical assets or inventory.
Debt Coverage by Assets: TPB's debt is not covered by short term assets (assets are 0.6x debt).
What is Turning Point Brands's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TPB's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: TPB's dividend (0.77%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: TPB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: TPB is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TPB is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TPB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Larry Wexler (67yo)
Mr. Lawrence S. Wexler, also known as Larry, has been the Chief Executive Officer and President of North Atlantic Trading Co Inc. since April 16, 2007. Mr. Wexler has been the Chief Executive Officer and P ...
CEO Compensation Analysis
Compensation vs Market: Larry's total compensation ($USD2.20M) is above average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.
|CFO & Senior VP||1.9yrs||US$971.84k||0.031% $140.8k|
|Senior VP||20.7yrs||US$839.07k||0.43% $2.0m|
|Chief Operating Officer||0.3yrs||no data||0.48% $2.2m|
|Chief Accounting Officer & VP of Finance||1.9yrs||no data||no data|
|Senior Vice President of Marketing||0yrs||no data||no data|
|Senior Vice President of Business Planning||15.1yrs||US$235.93k||0.17% $775.6k|
|Senior Vice President of Operations & Quality Assurance||0yrs||no data||no data|
|Senior Vice President of External Affairs||1.4yrs||no data||no data|
Experienced Management: TPB's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Independent Director||13.8yrs||US$65.00k||0.012% $53.8k|
|Independent Director||1.4yrs||US$18.75k||0.015% $70.4k|
|Independent Director||7.3yrs||US$97.50k||0.086% $399.0k|
|Chairman & Lead Independent Director||0.4yrs||no data||no data|
|Independent Director||7.1yrs||US$75.00k||0.32% $1.5m|
|Independent Director||1.4yrs||US$16.25k||0.0013% $6.2k|
Experienced Board: TPB's board of directors are considered experienced (7.1 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.
Turning Point Brands, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Turning Point Brands, Inc.
- Ticker: TPB
- Exchange: NYSE
- Founded: 2004
- Industry: Tobacco
- Sector: Food, Beverage & Tobacco
- Market Cap: US$461.469m
- Shares outstanding: 19.66m
- Website: https://www.turningpointbrands.com
Number of Employees
- Turning Point Brands, Inc.
- 5201 Interchange Way
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPB||NYSE (New York Stock Exchange)||Yes||Voting Common Stock||US||USD||May 2016|
|0T5||DB (Deutsche Boerse AG)||Yes||Voting Common Stock||DE||EUR||May 2016|
Turning Point Brands, Inc., together with its subsidiaries, provides other tobacco products in the United States. The company operates in three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products. The Smoking Products segment imports and markets cigarette papers, tubes, and related products, as well as finished cigars, make-your-own cigar tobaccos, and cigar wraps; and processes, packages, and markets pipe tobaccos. The NewGen Products segment markets and distributes e-cigarettes, e-liquids, vaporizers, and other products without tobacco and/or nicotine. It also distributes various assortments of vaping related products to non-traditional retail outlets through VaporBeast, Vapor Shark, Vapor Supply, and IVG; and various vaping related products to individual consumers through Shark, Vapor World, and VaporFi branded retail outlets, as well as through online platforms. The company sells its products under the Zig-Zag, Beech-Nut, Stoker’s, Trophy, VaporBeast, Vapor Shark, VaporFi, Havana Blossom, Durango, Tequila Sunrise, Fred’s Choice, Old Hillside, Our Pride, Red Cap, Tennessee Chew, Big Mountain, Springfield Standard, Snake River, DirectVapor, and SouthBeachSmoke brands. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience store, tobacco outlet, food store, mass merchandising, drug store, and non-traditional retail channels. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was incorporated in 2004 and is headquartered in Louisville, Kentucky. Turning Point Brands, Inc. is a subsidiary of Standard Diversified Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 02:37|
|End of Day Share Price||2020/02/19 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.