TPIC - TPI Composites Inc Stock Price, Fair Value and News

3.96USD-0.39 (-8.97%)Delayed

Market Summary

USD3.96-0.39

Delayed

-8.97%

TPIC Stock Price

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TPIC RSI Chart

TPIC Valuation

Market Cap

188.0M

Price/Earnings (Trailing)

-0.78

Price/Sales (Trailing)

0.14

EV/EBITDA

-3.11

Price/Free Cashflow

-2.43

TPIC Price/Sales (Trailing)

TPIC Profitability

Operating Margin

-8.92%

EBT Margin

-16.75%

Return on Equity

131%

Return on Assets

-32.33%

Free Cashflow Yield

-41.1%

TPIC Fundamentals

TPIC Revenue

Revenue (TTM)

1.4B

Rev. Growth (Yr)

-25.99%

Rev. Growth (Qtr)

0.7%

TPIC Earnings

Earnings (TTM)

-241.1M

Earnings Growth (Yr)

-177.8%

Earnings Growth (Qtr)

-6.72%

Breaking Down TPIC Revenue

Last 7 days

7.0%

Last 30 days

44.5%

Last 90 days

34.7%

Trailing 12 Months

-62.8%

How does TPIC drawdown profile look like?

TPIC Financial Health

Current Ratio

1.19

Debt/Equity

-2.34

Debt/Cashflow

-0.08

TPIC Investor Care

Shares Dilution (1Y)

11.74%

Diluted EPS (TTM)

-4.58

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.4B	0	0	0
2023	1.6B	1.6B	1.6B	1.5B
2022	1.4B	1.3B	1.2B	1.5B
2021	1.7B	1.8B	1.8B	1.5B
2020	1.5B	1.5B	1.6B	1.7B
2019	1.1B	1.2B	1.3B	1.4B
2018	1.0B	991.6M	993.1M	1.0B
2017	787.4M	832.7M	887.3M	955.2M
2016	666.4M	710.9M	748.2M	754.9M
2015	387.0M	453.3M	519.6M	585.9M
2014	0	0	0	320.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of TPI Composites Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	siwek william e	acquired	-	-	12,034	president and ceo
Mar 21, 2024	fishbach steven g	acquired	-	-	2,252	general counsel and secretary
Mar 21, 2024	lavine jerrold i	sold (taxes)	-2,088	2.88	-725	president, automotive
Mar 21, 2024	fishbach steven g	sold (taxes)	-2,684	2.88	-932	general counsel and secretary
Mar 21, 2024	siwek william e	sold (taxes)	-14,852	2.88	-5,157	president and ceo
Mar 21, 2024	lavine jerrold i	acquired	-	-	2,534	president, automotive
Mar 21, 2024	miller ryan d.	sold (taxes)	-3,611	2.88	-1,254	chief financial officer
Mar 21, 2024	miller ryan d.	acquired	-	-	4,927	chief financial officer
Mar 21, 2024	gossar adan	sold (taxes)	-1,212	2.88	-421	chief accounting officer
Mar 21, 2024	gossar adan	acquired	-	-	1,408	chief accounting officer

Which funds bought or sold TPIC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-16,099	12,111	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-70.79	-1,077,280	278,304	-%
May 16, 2024	Tidal Investments LLC	added	68.98	64,413	407,429	0.01%
May 15, 2024	Steward Partners Investment Advisory, LLC	reduced	-23.85	-920	1,059	-%
May 15, 2024	Jasper Ridge Partners, L.P.	unchanged	-	-53,115	125,663	-%
May 15, 2024	SCOPIA CAPITAL MANAGEMENT LP	sold off	-100	-273,546	-	-%
May 15, 2024	CITADEL ADVISORS LLC	added	7.75	-10,807	33,739	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	719	1,196,630	1,448,140	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-6.11	-1,152	2,235	-%
May 15, 2024	Royal Bank of Canada	reduced	-66.43	-48,000	15,000	-%

Are Funds Buying or Selling TPIC?

Are funds buying TPIC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TPIC

No. of Funds

Unveiling TPI Composites Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	point72 asset management, l.p.	7.0%	3,240,430	SC 13G/A
Feb 13, 2024	vanguard group inc	5.20%	2,214,541	SC 13G
Jan 29, 2024	blackrock inc.	6.3%	2,948,043	SC 13G/A
Dec 22, 2023	oaktree capital group, llc	6.01%	2,794,890	SC 13D
Oct 05, 2023	point72 asset management, l.p.	4.8%	2,063,800	SC 13G
Jan 23, 2023	blackrock inc.	10.1%	4,243,479	SC 13G/A
Sep 12, 2022	oaktree holdings, llc	1.1%	425,699	SC 13D/A
Feb 07, 2022	blackrock inc.	10.5%	3,881,844	SC 13G/A
Jan 31, 2022	bnp paribas asset management uk ltd	6.74%	2,514,361	SC 13G
Dec 02, 2021	oaktree holdings, llc	7.6%	2,835,000	SC 13D

Recent SEC filings of TPI Composites Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	144	Notice of Insider Sale Intent
May 07, 2024	144	Notice of Insider Sale Intent
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 22, 2024	ARS	ARS
Apr 22, 2024	DEF 14A	DEF 14A
Apr 12, 2024	PRE 14A	PRE 14A
Apr 09, 2024	8-K	Current Report
Mar 27, 2024	144	Notice of Insider Sale Intent
Mar 22, 2024	4	Insider Trading

Peers (Alternatives to TPI Composites Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

TPI Composites Inc News

Latest updates

TPI Composites Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.7%	299,062,000	296,986,000	372,860,000	381,271,000	404,066,000	402,276,000	384,438,000	392,502,000	343,525,000	129,266,000	479,599,000	458,841,000	404,680,000	465,571,000	474,113,000	373,817,000	356,636,000	422,113,000	383,836,000	330,771,000	299,780,000
Cost Of Revenue	0.2%	329,313,000	328,690,000	384,036,000	428,644,000	401,361,000	386,311,000	385,550,000	393,737,000	342,498,000	175,333,000	486,729,000	450,515,000	397,410,000	-13,433,000	433,640,000	378,564,000	360,509,000	391,311,000	357,905,000	308,220,000	301,216,000
Gross Profit	4.6%	-30,251,000	-31,704,000	-11,176,000	-47,373,000	2,705,000	15,965,000	-1,112,000	-1,235,000	1,027,000	-46,067,000	-7,130,000	8,326,000	7,270,000	32,246,000	40,473,000	-4,747,000	-3,873,000	30,802,000	25,931,000	22,551,000	-1,436,000
S&GA Expenses	-100.0%	-	6,623,000	28,709,000	6,767,000	7,034,000	9,771,000	8,030,000	6,688,000	7,860,000	5,427,000	8,185,000	6,712,000	8,922,000	7,850,000	9,263,000	6,887,000	9,496,000	12,115,000	10,608,000	9,208,000	7,985,000
EBITDA Margin	-32.4%	-0.12	-0.09	-0.05	-0.02	0.01	0.02	-0.03	-0.04	-0.04	-0.04	-0.02	0.00	-	-	-	-	-	-	-	-	-
Interest Expenses	251.8%	21,385,000	6,078,000	1,628,000	1,878,000	2,528,000	2,157,000	1,210,000	955,000	707,000	5,587,000	2,662,000	2,691,000	2,704,000	2,968,000	3,093,000	2,545,000	1,771,000	1,619,000	2,130,000	2,274,000	1,999,000
Income Taxes	-38.7%	3,300,000	5,382,000	8,000,000	300,000	3,860,000	17,900,000	2,900,000	5,882,000	2,944,000	-7,275,000	8,200,000	28,900,000	7,102,000	5,491,000	-32,338,000	49,312,000	-15,028,000	8,402,000	18,838,000	475,000	-4,600,000
Earnings Before Taxes	-8.3%	-58,508,000	-54,012,000	-48,723,000	-64,870,000	-11,286,000	-8,718,000	-3,934,000	-4,837,000	-8,448,000	-83,833,000	-22,429,000	-10,907,000	-8,899,000	-55,718,000	10,044,000	-16,789,000	-15,520,000	7,541,000	14,267,000	2,303,000	-16,704,000
EBT Margin	-36.2%	-0.17	-0.12	-0.09	-0.06	-0.02	-0.02	-0.08	-0.09	-0.09	-0.09	-0.05	-0.04	-	-	-	-	-	-	-	-	-
Net Income	-6.7%	-61,468,000	-57,600,000	-56,815,000	-65,237,000	-22,127,000	-42,528,000	-1,467,000	-5,510,000	-15,800,000	-87,277,000	-30,677,000	-39,797,000	-1,797,000	5,184,000	42,382,000	-66,101,000	-492,000	-861,000	-4,571,000	1,828,000	-12,104,000
Net Income Margin	-28.8%	-0.18	-0.14	-0.12	-0.08	-0.05	-0.04	-0.09	-0.10	-0.12	-0.11	-0.04	0.00	-	-	-	-	-	-	-	-	-
Free Cashflow	-208.0%	-47,289,000	-15,355,000	-20,806,000	6,188,000	-87,136,000	15,483,000	-29,416,000	19,399,000	-86,570,000	-4,265,000	-28,065,000	-18,268,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-7.2%	746	804	855	945	993	962	950	982	996	1,008	963	941	954	956	986	895	915	827	821	788	782
Current Assets	-11.7%	444	503	562	643	686	645	607	620	615	660	599	558	537	548	565	499	478	468	468	429	430
Cash Equivalents	-19.4%	130	161	161	170	164	134	87.00	143	120	216	119	123	136	82.00	149	97.00	109	61.00	92.00	59.00	78.00
Inventory	45.2%	14.00	9.00	6.00	7.00	15.00	11.00	15.00	14.00	18.00	10.00	11.00	13.00	12.00	11.00	15.00	12.00	10.00	7.00	12.00	10.00	6.00
Net PPE	-1.9%	126	129	128	130	131	137	157	167	179	143	192	206	212	209	210	211	218	205	194	181	172
Goodwill	-100.0%	-	3.00	-	-	-	3.00	-	-	-	3.00	-	-	-	3.00	-	-	-	3.00	-	-	-
Liabilities	0.4%	930	926	647	683	671	602	561	587	590	635	832	780	759	755	804	766	724	622	615	576	569
Current Liabilities	-3.3%	374	386	385	417	401	457	411	431	425	469	663	439	420	406	427	374	367	374	373	336	324
Long Term Debt	3.9%	431	415	129	129	129	1.00	1.00	2.00	6.00	8.00	11.00	180	181	184	202	213	187	128	123	115	118
Shareholder's Equity	-50.5%	-184	-122	-	-	-3.22	50.00	94.00	116	141	122	131	161	195	201	181	129	191	205	206	212	213
Retained Earnings	-11.5%	-597	-536	-478	-421	-356	-334	-292	-290	-285	-269	-181	-151	-111	-109	-114	-157	-91.18	-90.69	-89.83	-85.26	-87.08
Additional Paid-In Capital	0.6%	434	431	351	365	377	408	419	430	441	451	362	360	353	349	338	329	327	323	321	319	317
Shares Outstanding	2.1%	47.00	46.00	43.00	43.00	42.00	42.00	42.00	42.00	42.00	37.00	37.00	37.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	435	-	-	-	456	-	-	-	1,800	-	-	-	708	-	-	-	740	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-890.2%	-39,004	4,936	-11,654	9,607	-83,861	22,823	-25,934	21,893	-81,054	2,716	-24,986	-9,995	6,740	3,705	60,870	-29,573	2,568	-5,651	64,253	10,573	-12,091
Share Based Compensation	322.3%	2,589	613	2,528	4,062	2,668	4,438	3,584	3,610	3,309	1,140	1,943	2,925	2,399	2,405	2,631	2,374	2,942	1,077	1,682	1,937	985
Cashflow From Investing	59.2%	-8,285	-20,291	3,684	-3,419	-3,275	-7,340	-3,482	-2,494	-5,516	-6,981	-3,079	-8,273	-18,786	-12,238	-11,398	-15,047	-26,983	-15,316	-22,455	-19,030	-18,709
Cashflow From Financing	-70.1%	3,880	12,965	920	363	107,746	-1,732	-139	10,553	-23,279	150,639	24,578	5,231	18,471	-13,815	5,172	32,173	65,082	-1,388	-8,088	-10,629	21,075
Buy Backs	-	1,641	-	-	34.00	2,549	571	-	45.00	343	459	-	-	34.00	1,683	-	49.00	459	-	1,561	-	559

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TPIC Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 299,062	$ 404,066
Cost of sales	307,084	399,381
Startup and transition costs	22,229	1,980
Total cost of goods sold	329,313	401,361
Gross profit (loss)	(30,251)	2,705
General and administrative expenses	6,699	7,034
Loss on sale of assets and asset impairments	1,830	(3,593)
Restructuring charges, net	182	75
Loss from continuing operations	(38,962)	(7,997)
Other income (expense):
Interest expense, net	(21,385)	(2,528)
Foreign currency loss	(640)	(1,214)
Miscellaneous income	2,479	453
Total other expense	(19,546)	(3,289)
Loss from continuing operations before income taxes	(58,508)	(11,286)
Income tax provision	(3,289)	(3,860)
Net loss from continuing operations	(61,797)	(15,146)
Preferred stock dividends and accretion	0	(15,173)
Net loss from continuing operations attributable to common stockholders	(61,797)	(30,319)
Net income (loss) from discontinued operations	329	(6,981)
Net loss attributable to common stockholders	$ (61,468)	$ (37,300)
Weighted-average shares of common stock outstanding:
Basic	47,204	42,284
Diluted	47,204	42,284
Loss from continuing operations per common share:
Basic	$ (1.31)	$ (0.72)
Diluted	(1.31)	(0.72)
Income (loss) from discontinued operations per common share:
Basic	0.01	(0.16)
Diluted	0.01	(0.16)
Net loss per common share:
Basic	(1.3)	(0.88)
Diluted	$ (1.3)	$ (0.88)

TPIC Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 116,850	$ 161,059
Restricted cash	12,035	10,838
Accounts receivable	125,870	138,029
Contract assets	93,149	112,237
Prepaid expenses	18,536	17,621
Other current assets	41,003	34,564
Inventories	13,679	9,420
Assets held for sale	22,253	17,787
Current assets of discontinued operations	1,036	1,520
Total current assets	444,411	503,075
Property, plant and equipment, net	126,379	128,808
Operating lease right of use assets	135,858	136,124
Other noncurrent assets	39,205	36,073
Total assets	745,853	804,080
Current liabilities:
Accounts payable and accrued expenses	220,300	227,723
Accrued warranty	37,500	37,483
Current maturities of long-term debt	78,576	70,465
Current operating lease liabilities	22,373	22,017
Contract liabilities	10,234	24,021
Liabilities held for sale	2,834	1,897
Current liabilities of discontinued operations	1,950	2,815
Total current liabilities	373,767	386,421
Long-term debt, net of current maturities	431,038	414,728
Noncurrent operating lease liabilities	116,755	117,133
Other noncurrent liabilities	8,360	8,102
Total liabilities	929,920	926,384
Commitments and contingencies (Note 12)
Stockholders' deficit:
Common shares, $0.01 par value, 100,000 shares authorized, 48,514 shares issued and 47,469 shares outstanding at March 31,2024 and 100,000 shares authorized, 46,990 shares issued and 46,471 shares outstanding at December 31, 2023	485	470
Paid-in capital	433,924	431,335
Accumulated other comprehensive loss	(8,885)	(7,627)
Accumulated deficit	(597,816)	(536,348)
Treasury stock, at cost, 1,045 shares at March 31, 2024 and 519 shares at December 31, 2023	(11,775)	(10,134)
Total stockholders' deficit	(184,067)	(122,304)
Total liabilities and stockholders' deficit	$ 745,853	$ 804,080

About TPI Composites Inc

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators. It operates in the United States, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

CEO	Mr. William E. Siwek
WEBSITE	tpicomposites.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	13500

TPI Composites Inc Frequently Asked Questions

What is the ticker symbol for TPI Composites Inc? What does TPIC stand for in stocks?

TPIC is the stock ticker symbol of TPI Composites Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TPI Composites Inc (TPIC)?

As of Fri May 17 2024, market cap of TPI Composites Inc is 187.98 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TPIC stock?

You can check TPIC's fair value in chart for subscribers.

What is the fair value of TPIC stock?

You can check TPIC's fair value in chart for subscribers. The fair value of TPI Composites Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TPI Composites Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TPIC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TPI Composites Inc a good stock to buy?

The fair value guage provides a quick view whether TPIC is over valued or under valued. Whether TPI Composites Inc is cheap or expensive depends on the assumptions which impact TPI Composites Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TPIC.

What is TPI Composites Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, TPIC's PE ratio (Price to Earnings) is -0.78 and Price to Sales (PS) ratio is 0.14. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TPIC PE ratio will change depending on the future growth rate expectations of investors.