Titan International Inc

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TWI : NYSE : Industrial Goods
$8.33 up 0.03 | 0.36%
Today's Range: 8.28 - 8.47
Avg. Daily Volume: 344000.0
08/22/17 - 1:42 PM ET

Financial Analysis


TITAN INTERNATIONAL INC's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. TITAN INTERNATIONAL INC has average liquidity. Currently, the Quick Ratio is 1.07 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 5.87% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)364.4330.21
EBITDA ($mil)18.6617.69
EBIT ($mil)3.962.59
Net Income ($mil)-6.29-3.26


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)153.24207.24
Total Assets ($mil)1311.951308.47
Total Debt ($mil)451.35503.61
Equity ($mil)355.21335.49


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin15.9917.81
EBITDA Margin5.125.35
Operating Margin1.090.79
Sales Turnover1.020.97
Return on Assets-3.1-7.53
Return on Equity-11.45-29.4
Debt Q2 FY17 Q2 FY16
Current Ratio2.232.1
Debt/Capital0.560.6
Interest Expense7.327.98
Interest Coverage0.540.32


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)59.6653.98
Div / share0.010.01
EPS-0.17-0.1
Book value / share5.956.21
Institutional Own % n/a n/a
Avg Daily Volume346887.0563785.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.43 indicates a significant discount versus the S&P 500 average of 3.02 and a significant discount versus the industry average of 5.84. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, TITAN INTERNATIONAL INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
TWI NM Peers 117.12   TWI NM Peers 17.49

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

TWI's P/E is negative making this valuation measure meaningless.

 

Neutral. 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.

TWI's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
TWI 53.19 Peers 21.20   TWI NA Peers 1.17

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

TWI's ratio is negative making this valuation measure meaningless.

 

Neutral. 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
TWI 1.43 Peers 5.84   TWI 64.20 Peers 14.93

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.

TWI 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.

TWI is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TWI 0.38 Peers 1.98   TWI 5.26 Peers 6.31

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.

TWI is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

TWI trails its peers on the basis of sales growth

 

 

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