Company Valuation: TFF Group

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 633.1 641.7 895.4 925.7 453.1 334.7 - -
Change - 1.37% 39.53% 3.39% -51.05% -26.12% - -
Enterprise Value (EV) 1 771.1 778.6 1,080 1,192 767.1 630.8 565.4 510.2
Change - 0.98% 38.65% 10.45% -35.66% -17.77% -7.16% -9.78%
P/E 31.7x 17.9x 16.9x 16.4x 14.7x 19.5x 34.7x 20.3x
PBR 1.72x 1.57x 2.02x 1.89x 0.93x 0.67x 0.7x 0.63x
PEG - 0.2x 0.4x 2.5x -0.3x -0.4x -0.8x 0.3x
Capitalization / Revenue 2.43x 2.12x 2.04x 1.9x 1.07x 1.1x 1.21x 1.06x
EV / Revenue 2.96x 2.57x 2.45x 2.45x 1.8x 2.02x 2.05x 1.62x
EV / EBITDA 16.1x 15.6x 11.6x 11.1x 9.47x 13.1x 13.8x 9.1x
EV / EBIT 20.9x 20.3x 13.6x 13x 12.7x 22.2x 24.4x 13.7x
EV / FCF 18.5x 46.9x -37x -21.4x -43.8x 10.7x 9.47x 11.5x
FCF Yield 5.4% 2.13% -2.7% -4.67% -2.29% 9.37% 10.6% 8.69%
Dividend per Share 2 0.35 0.4 0.4 0.6 0.5 0.4 0.2022 0.3387
Rate of return 1.2% 1.35% 0.97% 1.41% 2.39% 2.51% 1.31% 2.19%
EPS 2 0.92 1.65 2.44 2.6 1.42 0.7898 0.4453 0.7605
Distribution rate 38% 24.2% 16.4% 23.1% 35.2% 44.5% 45.4% 44.5%
Net sales 1 260.9 302.6 439.8 486.6 425.4 312.7 275.7 314.9
EBITDA 1 47.9 50.03 92.99 107.4 80.97 48.2 40.87 56.05
EBIT 1 36.83 38.34 79.13 91.76 60.49 28.45 23.2 37.32
Net income 1 20.04 35.86 52.82 56.45 30.71 8.804 10.1 21.92
Net Debt 1 138 136.9 184.2 266.6 314 285.2 230.7 175.4
Reference price 2 29.20 29.60 41.30 42.70 20.90 15.44 15.44 15.44
Nbr of stocks (in thousands) 21,680 21,680 21,680 21,680 21,680 21,680 - -
Announcement Date 7/12/21 7/13/22 7/12/23 7/8/24 7/9/25 7/9/26 - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.55x1.88x11.15x2.27% 383M
18.95x2.88x8.25x3.37% 17.48B
Average 19.25x 2.38x 9.70x 2.82% 8.93B
Weighted average by Cap. 18.96x 2.86x 8.31x 3.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield