Thermador Groupe (THEP) AI Stock Analysis

• Market Cap: €671.44M
• Dividend Yield: 2.85%
• Average Volume (3M): 3.93K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.56
• Revenue Growth: -13.27%
• EPS Growth: -23.16%
• Country: FR
• Employees: 761
• Sector: Industrials
• Sector Strength: 83
• Industry: Industrial - Distribution
• EPS (TTM): 2.12
• Shares Outstanding: 9,200,849
• 10 Day Avg. Volume: 5,224
• 30 Day Avg. Volume: 3,932
• PEG Ratio: -1.62
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.94
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: €76.00 ▲(3.26%Upside)

Thermador Groupe's stock is supported by strong financial stability and positive technical indicators, despite challenges in profitability and revenue growth. The valuation is reasonable, providing a balanced investment opportunity with moderate growth potential and attractive dividend yield.

Thermador Groupe Business Overview & Revenue Model

Company Description

Thermador Groupe SA, together with its subsidiaries, engages in the distribution business in France and internationally. The company offers central heating and domestic hot water accessories, pumps for heating, plumbing equipment, taps, valves for building, ventilation equipment and accessories, industrial valves and fittings, cold water pumps, swimming pool equipment and accessories, air compressors, generators, and welding stations. It also provides pneumatic tools; pumps, household valves, and plumbing for DIY superstores; bathroom and kitchen taps for DIY superstores and retail outlets; sale of parts to boiler manufacturers; domestic pumps and pump accessories; accessories and connectors for central heating and domestic water, and plumbing fitments; pipework for the distribution of building fluids; and valves and connectors for building and industry. In addition, the company offers motorised valves and specialty products for industry and air compressors; technical equipment for pressure, temperature, level, and flow measurement and control; and stainless steel connectors, flanges, valves and accessories. Thermador Groupe SA offers its products to retailers, wholesalers in industrial valves and industrial supplies. The company was founded in 1968 and is headquartered in Saint-Quentin-Fallavier, France.

How the Company Makes Money

Thermador Groupe generates revenue primarily through the distribution and sale of its extensive product line, which includes essential equipment for fluid management systems. The company operates through several subsidiaries, each focusing on specific market segments and product types, enabling targeted sales strategies and customer engagement. Key revenue streams include direct sales to industrial clients, wholesalers, and retailers in the construction and public works sectors. Additionally, strategic partnerships with manufacturers and suppliers enhance Thermador Groupe's product offerings and market reach, contributing to its overall earnings.

Thermador Groupe Financial Statement Overview

Summary

Thermador Groupe's financial performance is mixed. Strong cash flow and a stable balance sheet provide financial stability and flexibility, supported by low leverage and efficient cash generation. However, challenges in revenue growth and declining profitability margins present concerns.

Income Statement

Thermador Groupe experienced a decline in total revenue from 2023 to 2024, marking a negative growth trend. Gross profit margin improved slightly from 35.55% in 2023 to 36.20% in 2024, indicating efficient cost management. However, net profit margin decreased from 10.03% to 8.88%, reflecting lower profitability. The EBIT and EBITDA margins also contracted, highlighting potential operational challenges.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 73.22% in 2024, ensuring financial stability. The debt-to-equity ratio decreased to 0.09, indicating reduced leverage. Return on equity also improved slightly, suggesting efficient use of equity to generate profits. Overall, the balance sheet reflects a robust financial structure with low leverage risks.

Cash Flow

Operating cash flow increased significantly in 2024, leading to a free cash flow growth rate of 32.63%. The operating cash flow to net income ratio improved, indicating strong cash generation relative to profits. The free cash flow to net income ratio is also solid, demonstrating efficient cash utilization. Overall, cash flow performance is strong and indicates healthy liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
503.88M	580.95M	553.86M	486.50M	395.50M
	Gross Profit
182.49M	206.51M	192.84M	175.26M	143.35M
	EBIT
60.17M	80.84M	79.59M	73.20M	51.41M
	EBITDA
72.83M	91.95M	86.23M	79.00M	56.84M
	Net Income Common Stockholders
44.74M	58.30M	58.90M	52.90M	36.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
63.26M	35.24M	16.03M	27.38M	40.33M
	Total Assets
522.11M	522.01M	507.16M	436.51M	379.23M
	Total Debt
34.02M	46.85M	53.09M	32.75M	42.37M
	Net Debt
-29.24M	11.62M	37.06M	5.37M	2.04M
	Total Liabilities
139.72M	163.24M	188.33M	157.87M	137.64M
	Stockholders Equity
382.39M	358.77M	318.83M	278.47M	241.41M
Cash Flow		Free Cash Flow
64.80M	48.86M	14.13M	16.28M	28.63M
	Operating Cash Flow
74.27M	56.52M	25.17M	28.50M	39.24M
	Investing Cash Flow
-14.00M	-8.37M	-34.69M	-12.10M	-14.35M
	Financing Cash Flow
-31.63M	-29.85M	-2.16M	-31.35M	-17.27M

Thermador Groupe Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 73.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:THEP, the sentiment is Positive. The current price of 73.6 is above the 20-day moving average (MA) of 70.11, above the 50-day MA of 67.85, and above the 200-day MA of 68.61, indicating a bullish trend. The MACD of 1.34 indicates Negative momentum. The RSI at 67.50 is Neutral, neither overbought nor oversold. The STOCH value of 83.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:THEP.

Thermador Groupe Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THEP	71 Outperform	€671.44M	14.96	12.07%	2.85%	-13.27%	-23.16%
Sector *	66 Neutral	$4.46B	12.15	5.40%	4.71%	4.16%	-11.97%
0I0P		€531.61M	25.57	2.74%	3.99%	―	―
0NQ5		€534.10M	8.00	6.10%	4.18%	―	―
ZUY		€552.73M	9.11	9.79%	3.74%	―	―
8YW			―		―	―	―
SAMS	66 Neutral	€547.92M	20.73		6.29%	2.26%	-65.60%

Thermador Groupe Corporate Events

Thermador Groupe to Acquire Spanish Firm Quilinox

Thermador Groupe has entered into exclusive negotiations to acquire Quilinox, a Spanish distributor of stainless steel equipment for fluid regulation and control across multiple industries. This acquisition is expected to enhance Thermador’s market position by integrating Quilinox’s operations and leveraging synergies with its existing companies, with the sale agreement anticipated by mid-2025.