Why is TFF Group ?
1
Flat results in Oct 25
- ROCE(HY) Lowest at 0%
- INVENTORY TURNOVER RATIO(HY) Lowest at 0 times
- OPERATING PROFIT MARGIN(Q) Lowest at 13.67 %
2
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -37.85% returns in the last 1 year, the stock has also underperformed France CAC 40 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Packaging)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is TFF Group for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
TFF Group
-100.0%
-1.58
38.86%
France CAC 40
0.34%
-0.10
17.53%
Quality key factors
Factor
Value
Sales Growth (5y)
8.80%
EBIT Growth (5y)
8.34%
EBIT to Interest (avg)
23.79
Debt to EBITDA (avg)
2.59
Net Debt to Equity (avg)
0.60
Sales to Capital Employed (avg)
0.50
Tax Ratio
25.41%
Dividend Payout Ratio
35.28%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.89%
ROE (avg)
8.48%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
0.74
EV to EBIT
10.91
EV to EBITDA
10.91
EV to Capital Employed
0.84
EV to Sales
1.55
PEG Ratio
NA
Dividend Yield
12.08%
ROCE (Latest)
7.69%
ROE (Latest)
6.55%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
2What is working for the Company
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
-11What is not working for the Company
ROCE(HY)
Lowest at 0%
INVENTORY TURNOVER RATIO(HY)
Lowest at 0 times
OPERATING PROFIT MARGIN(Q)
Lowest at 13.67 %
RAW MATERIAL COST(Y)
Grown by 105.04% (YoY
DEBTORS TURNOVER RATIO(HY)
Lowest at 0 times
NET SALES(Q)
Lowest at EUR 180.92 MM
OPERATING PROFIT(Q)
Lowest at EUR 24.73 MM
EPS(Q)
Lowest at EUR 0
Here's what is not working for TFF Group
Operating Profit Margin
Lowest at 13.67 % and Fallen
In each period in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Inventory Turnover Ratio
Lowest at 0 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Net Sales
Lowest at EUR 180.92 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (EUR MM)
Operating Profit
Lowest at EUR 24.73 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (EUR MM)
EPS
Lowest at EUR 0
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (EUR)
Debtors Turnover Ratio
Lowest at 0 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 105.04% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






