TFF Group (TFF) AI Stock Analysis

• Market Cap: €357.58M
• Dividend Yield: 3.64%
• Average Volume (3M): 12.93K
• Price to Earnings (P/E): 11.4
• Beta (1Y): -0.01
• Revenue Growth: -12.56%
• EPS Growth: -45.58%
• Country: FR
• Employees: 1,802
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 0.37
• Shares Outstanding: 21,680,000
• 10 Day Avg. Volume: 18,189
• 30 Day Avg. Volume: 12,931
• PEG Ratio: -0.32
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 1.06
• P/FCF Ratio: -25.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €21.00
• Price Target Upside: 27.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 62 Neutral
• Price Target: €19.00 ▲(15.15% Upside)

The overall stock score reflects a mixed financial performance with strong gross profit margins but challenges in cash flow and profitability. Technical indicators suggest a bearish trend, while the valuation appears reasonable with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.

TFF Group Business Overview & Revenue Model

Company Description

TFF Group manufactures and distributes barrels and wood products for the aging of wines, spirits, and alcohols in France, rest of Europe, Australasia, the United States, and internationally. The company also offers staves, cooperages, casks, wood and oenological products, and stainless steel containers. It primarily serves wine, whisky, and bourbon markets. The company was formerly known as Tonnellerie François Frères. TFF Group was founded in 1910 and is based in Saint-Romain, France.

How the Company Makes Money

TFF Group generates revenue through a multifaceted business model that includes contract manufacturing services for pharmaceutical companies, licensing agreements for its proprietary technologies, and partnerships with research institutions. The primary revenue stream comes from fees charged for the development and production of drug formulations, where TFF collaborates with clients to create tailored solutions that meet specific therapeutic needs. Additionally, TFF benefits from licensing its thin-film freezing technology to other pharmaceutical manufacturers, allowing them to utilize its innovative approaches in their own product lines. Strategic partnerships with biotech firms and pharmaceutical companies further bolster TFF’s earning potential by providing access to new markets and collaborative research initiatives aimed at advancing drug delivery systems.

TFF Group Financial Statement Overview

Summary

TFF Group shows a mixed financial performance. The strong gross profit margin and stable balance sheet are positives, but declining net profit margins and negative cash flow trends pose significant challenges. The increase in leverage and negative revenue growth are concerning for long-term stability.

Income Statement

The income statement shows a mixed performance. The gross profit margin has improved over the years, reaching 57.24% in the latest period, indicating efficient cost management. However, the net profit margin has declined to 7.22% from 11.60% the previous year, reflecting challenges in maintaining profitability. Revenue growth has been negative at -8.02%, which is concerning, though historically, the company has shown periods of strong growth. EBIT and EBITDA margins have decreased, suggesting pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.81, which is manageable but has increased over the years, indicating rising leverage. The return on equity has decreased to 6.30%, showing reduced profitability for shareholders. The equity ratio remains healthy at around 49%, suggesting a solid capital structure with a good proportion of equity financing.

Cash Flow

Cash flow analysis reveals significant challenges. Free cash flow has been negative, with a growth rate of -24.47%, indicating cash flow issues. The operating cash flow to net income ratio is low at 0.03, suggesting limited cash generation from operations relative to net income. The free cash flow to net income ratio is negative, highlighting cash flow constraints despite reported profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	425.43M	425.43M	486.55M	439.79M	302.62M	260.88M
Gross Profit	243.53M	243.53M	265.30M	81.33M	39.62M	37.30M
EBITDA	81.01M	81.01M	113.93M	89.10M	50.63M	49.05M
Net Income	30.68M	30.70M	56.45M	52.82M	35.86M	20.04M
Balance Sheet
Total Assets	995.14M	995.14M	968.99M	843.55M	735.00M	659.67M
Cash, Cash Equivalents and Short-Term Investments	79.67M	79.67M	92.94M	102.34M	97.58M	94.64M
Total Debt	392.80M	392.80M	359.53M	286.50M	234.44M	232.65M
Total Liabilities	476.77M	476.77M	457.86M	381.31M	308.88M	285.93M
Stockholders Equity	487.57M	487.57M	489.70M	442.45M	407.54M	368.34M
Cash Flow
Free Cash Flow	-13.64M	-17.53M	-55.72M	-29.16M	17.98M	40.40M
Operating Cash Flow	8.41M	9.90M	3.54M	-1.73M	29.93M	48.27M
Investing Cash Flow	-28.67M	-34.09M	-70.38M	-28.68M	-23.53M	-10.19M
Financing Cash Flow	12.31M	13.42M	56.21M	38.98M	-7.52M	-24.95M

TFF Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TFF, the sentiment is Negative. The current price of 16.5 is below the 20-day moving average (MA) of 16.78, below the 50-day MA of 17.53, and below the 200-day MA of 23.26, indicating a bearish trend. The MACD of -0.42 indicates Negative momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 23.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:TFF.

TFF Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPM	74 Outperform	1.89B	11.89	8.26%	4.52%	-0.29%	-1.66%
ALCAT	70 Outperform	106.69M	4.37	31.73%	5.17%	-6.05%	-0.45%
VRLA	66 Neutral	2.84B	15.47	23.65%	7.22%	-3.17%	-37.20%
TFF	62 Neutral	€357.58M	11.40		3.64%	-12.56%	-45.58%
ALDEL	60 Neutral	72.65M	5.42	-0.08%	2.72%	-7.45%	0.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

TFF Group Corporate Events

TFF Group Reports Revenue Decline Amid Market Challenges

TFF Group reports a decline in revenue for the first nine months of the 2024/2025 fiscal year, with both the wine and alcohol divisions experiencing reduced sales due to market normalization post-COVID and overstocking issues. Despite these challenges, the company remains confident in its ability to adapt and anticipates a medium-term recovery, supported by favorable exchange rates and external growth contributions.