Added to YB: 2024-03-20
Pitch date: 2024-03-15
TIFS.L [bullish]
TI Fluid Systems plc
+35.4%
current return
Author Info
No bio for this author
Company Info
TI Fluid Systems plc designs, manufactures, and sells thermal and fluid system solutions in Europe, Africa, the Asia Pacific, North America, and Latin America.
Market Cap
GBP 815.6M
Pitch Price
GBP 1.47
Price Target
N/A
Dividend
4.19%
EV/EBITDA
5.06
P/E
10.11
EV/Sales
0.44
Sector
Automobile Components
Category
turnaround
The Dividend Note - 2017 IPO | $TIFS
TIFS.L: Automotive parts specialist undergoing turnaround. FY23: revenue +11% CC to €3.5B, adj EBIT +44% to €260M (7.4% margin), FCF €91M. Targeting EVs but fuel systems still 50% profits. Net debt €595M (1.5x EBITDA). FY24: modest volume decline, flat rev growth CC, >7.3% margin. 6.6x PE, 4% yield, 11% FCF yield. Risks: debt, cyclicality.
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