Thermon Group Holdings Inc.
Find Ratings ReportsTHERMON GROUP HOLDINGS INC's gross profit margin for the third quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. THERMON GROUP HOLDINGS INC has average liquidity. Currently, the Quick Ratio is 1.28 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 13.58% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 136.43 | 122.11 |
EBITDA ($mil) | 28.65 | 27.1 |
EBIT ($mil) | 24.38 | 22.4 |
Net Income ($mil) | 15.84 | 8.43 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 57.27 | 41.18 |
Total Assets ($mil) | 805.09 | 650.1 |
Total Debt ($mil) | 229.2 | 145.44 |
Equity ($mil) | 467.43 | 411.5 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 43.66 | 47.19 |
EBITDA Margin | 21.0 | 22.19 |
Operating Margin | 17.87 | 18.34 |
Sales Turnover | 0.61 | 0.65 |
Return on Assets | 6.11 | 5.32 |
Return on Equity | 10.53 | 8.42 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 2.22 | 2.31 |
Debt/Capital | 0.33 | 0.26 |
Interest Expense | 1.75 | 1.88 |
Interest Coverage | 13.9 | 11.93 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 33.71 | 33.5 |
Div / share | 0.0 | 0.0 |
EPS | 0.46 | 0.25 |
Book value / share | 13.87 | 12.29 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 273642.0 | 165987.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 25.76 for the Electrical Equipment, Appliance, Component Manufac subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.08 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.14. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, THERMON GROUP HOLDINGS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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THR 19.99 | Peers 25.76 | THR 18.76 | Peers 21.85 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. THR is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. THR is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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THR 14.69 | Peers 20.81 | THR 0.25 | Peers 2.83 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. THR is trading at a discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. THR trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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THR 2.08 | Peers 4.14 | THR 38.46 | Peers -22.53 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. THR is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. THR is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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THR 1.98 | Peers 3.10 | THR 16.34 | Peers 28.53 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. THR is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. THR significantly trails its peers on the basis of sales growth. |
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