TI FLUID SYSTEMS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 140 GBX | +0.72% |
|
-0.57% | -8.97% |
| May. 02 | TI Fluid's strong bookings give confidence despite muted first quarter | AN |
| May. 02 | Transcript : TI Fluid Systems plc, Q1 2024 Sales/ Trading Statement Call, May 02, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,637 | 1,427 | 1,578 | 779.2 | 902.1 | 817.3 | - | - |
| Enterprise Value (EV) 1 | 2,543 | 2,169 | 2,329 | 1,554 | 1,630 | 1,502 | 1,431 | 1,321 |
| P/E ratio | 11.5 x | -5.61 x | 111 x | -2.77 x | 11 x | 8.5 x | 6.51 x | 5.35 x |
| Yield | 2.85% | 2.46% | 1.12% | 1.68% | 3.85% | 4.76% | 4.93% | 5.76% |
| Capitalization / Revenue | 0.48 x | 0.51 x | 0.53 x | 0.24 x | 0.26 x | 0.23 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.75 x | 0.77 x | 0.79 x | 0.48 x | 0.46 x | 0.42 x | 0.39 x | 0.34 x |
| EV / EBITDA | 5.11 x | 6.56 x | 6.6 x | 4.66 x | 4.15 x | 3.76 x | 3.34 x | 2.85 x |
| EV / FCF | 14.3 x | 14.9 x | 20.9 x | 30.5 x | 15.6 x | 13.5 x | 13.5 x | 7.94 x |
| FCF Yield | 6.98% | 6.7% | 4.79% | 3.28% | 6.39% | 7.4% | 7.42% | 12.6% |
| Price to Book | 1.4 x | 1.67 x | 1.67 x | 1.15 x | - | 1.16 x | 1.07 x | 0.95 x |
| Nbr of stocks (in thousands) | 520,269 | 520,269 | 520,269 | 516,338 | 508,787 | 502,399 | - | - |
| Reference price 2 | 3.146 | 2.744 | 3.034 | 1.509 | 1.773 | 1.627 | 1.627 | 1.627 |
| Announcement Date | 3/17/20 | 3/16/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,411 | 2,814 | 2,957 | 3,268 | 3,516 | 3,563 | 3,692 | 3,831 |
| EBITDA 1 | 497.8 | 330.9 | 352.9 | 333.3 | 393 | 399 | 428.2 | 463.7 |
| EBIT 1 | 340.4 | 173.3 | 212.6 | 180 | 259.6 | 245.5 | 276.2 | 309.8 |
| Operating Margin | 9.98% | 6.16% | 7.19% | 5.51% | 7.38% | 6.89% | 7.48% | 8.09% |
| Earnings before Tax (EBT) 1 | 201.7 | -253.8 | 65.9 | 41.7 | 121.1 | 165.8 | 202.2 | 245.7 |
| Net income 1 | 141.6 | -254.1 | 14.3 | -279.1 | 83.5 | 96.5 | 124.7 | 153.8 |
| Net margin | 4.15% | -9.03% | 0.48% | -8.54% | 2.37% | 2.71% | 3.38% | 4.01% |
| EPS 2 | 0.2724 | -0.4888 | 0.0273 | -0.5439 | 0.1611 | 0.1913 | 0.2500 | 0.3038 |
| Free Cash Flow 1 | 177.4 | 145.4 | 111.5 | 50.9 | 104.2 | 111.1 | 106.1 | 166.4 |
| FCF margin | 5.2% | 5.17% | 3.77% | 1.56% | 2.96% | 3.12% | 2.87% | 4.34% |
| FCF Conversion (EBITDA) | 35.64% | 43.94% | 31.6% | 15.27% | 26.51% | 27.85% | 24.78% | 35.9% |
| FCF Conversion (Net income) | 125.28% | - | 779.72% | - | 124.79% | 115.16% | 85.06% | 108.26% |
| Dividend per Share 2 | 0.0896 | 0.0674 | 0.0339 | 0.0254 | 0.0683 | 0.0774 | 0.0802 | 0.0938 |
| Announcement Date | 3/17/20 | 3/16/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 Q1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,703 | 1,183 | 1,631 | 1,522 | 1,434 | 1,560 | 1,709 | 869.8 | 1,768 | 1,748 | 1,723 | 1,790 |
| EBITDA | - | - | - | 198.5 | 154.4 | - | - | - | - | - | - | - |
| EBIT | - | - | 146 | 127.8 | 84.8 | 83.7 | - | - | 131.9 | - | - | - |
| Operating Margin | - | - | 8.95% | 8.39% | 5.91% | 5.37% | - | - | 7.46% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 83.1 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | 4.88% | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | 0.0195 | 0.007800 | 0.001000 | -0.5449 | - | 0.0644 | 0.0967 | 0.0900 | 0.1000 |
| Dividend per Share | - | - | - | 0.0193 | 0.0146 | 0.0100 | - | - | - | - | - | - |
| Announcement Date | 3/17/20 | 8/18/20 | 3/16/21 | 8/9/21 | 3/15/22 | 8/9/22 | 3/16/23 | 5/8/23 | 8/8/23 | 3/12/24 | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 906 | 742 | 751 | 775 | 728 | 685 | 614 | 504 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.82 x | 2.242 x | 2.128 x | 2.324 x | 1.851 x | 1.716 x | 1.433 x | 1.087 x |
| Free Cash Flow 1 | 177 | 145 | 112 | 50.9 | 104 | 111 | 106 | 166 |
| ROE (net income / shareholders' equity) | 12.7% | 1.35% | 6.47% | 5.37% | 12.4% | 15.8% | 18.3% | 16.6% |
| ROA (Net income/ Total Assets) | 4.15% | 0.42% | 1.9% | 1.49% | 3.05% | 3.9% | 4.55% | 4.64% |
| Assets 1 | 3,414 | -61,143 | 753.3 | -18,755 | 2,740 | 2,477 | 2,740 | 3,316 |
| Book Value Per Share 2 | 2.240 | 1.640 | 1.820 | 1.320 | - | 1.410 | 1.520 | 1.700 |
| Cash Flow per Share 2 | 0.6400 | 0.4900 | 0.4100 | 0.3300 | 0.4600 | 0.4700 | 0.5000 | 0.5400 |
| Capex 1 | 159 | 82.1 | 88.2 | 118 | 124 | 124 | 129 | 130 |
| Capex / Sales | 4.66% | 2.92% | 2.98% | 3.61% | 3.54% | 3.47% | 3.49% | 3.39% |
| Announcement Date | 3/17/20 | 3/16/21 | 3/15/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
1.627
EUR
Average target price
2.291
EUR
Spread / Average Target
+40.81%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.97% | 880M | |
| +22.24% | 48.55B | |
| -7.74% | 22.52B | |
| +29.45% | 20.68B | |
| +35.73% | 17.83B | |
| -4.22% | 15.03B | |
| -18.11% | 13.48B | |
| -20.85% | 13.11B | |
| +34.67% | 12.1B | |
| +36.99% | 10.73B |
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