Thermador Groupe (THEP) AI Stock Analysis

• Market Cap: €772.62M
• Dividend Yield: 2.48%
• Average Volume (3M): 5.64K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.61
• Revenue Growth: -13.27%
• EPS Growth: -23.16%
• Country: FR
• Employees: 761
• Sector: Industrials
• Sector Strength: 90
• Industry: Industrial - Distribution
• EPS (TTM): 2.12
• Shares Outstanding: 9,200,849
• 10 Day Avg. Volume: 7,799
• 30 Day Avg. Volume: 5,639
• PEG Ratio: -1.96
• Price to Book (P/B): 1.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.78
• 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: €76.00
• Price Target Upside: -9.52% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: €76.00 ▼(-9.52%Downside)

Thermador Groupe's overall stock score is primarily driven by its robust financial structure and strong cash flow generation. While the technical indicators show positive momentum, overbought signals pose a risk. The valuation appears fair with an attractive dividend yield, balancing the mixed financial performance and potential price volatility.

Thermador Groupe Business Overview & Revenue Model

Company Description

Thermador Groupe (THEP) is a French company specializing in the distribution of equipment for building and public works, water management, and energy efficiency. The company operates through various sectors, including plumbing, heating, air conditioning, and industrial supplies, offering a wide range of products such as pumps, valves, and fittings. With a strong focus on sustainability, Thermador Groupe aims to provide innovative solutions that enhance energy efficiency and reduce environmental impact.

How the Company Makes Money

Thermador Groupe generates revenue primarily through the sale and distribution of its diverse product offerings in the plumbing, heating, air conditioning, and industrial supply sectors. The company works closely with a network of suppliers and manufacturers to source high-quality products, which it then distributes to professionals and businesses in the building and public works industries. Key revenue streams include direct sales to contractors, wholesalers, and retailers, as well as strategic partnerships with manufacturers to expand their product lines and market reach. The company's earnings are significantly influenced by the demand for energy-efficient solutions and infrastructure developments in its target markets.

Thermador Groupe Financial Statement Overview

Summary

Thermador Groupe displays mixed financial performance with strong cash flow and a stable balance sheet. The company benefits from low leverage and strong cash generation, providing financial flexibility. However, there are challenges in revenue growth and profitability, with contracting profit margins.

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
EBITDA	72.83M	91.95M	86.23M	79.00M	56.84M
Net Income	44.74M	58.30M	58.90M	52.90M	36.18M
Balance Sheet
Total Assets	522.11M	522.01M	507.16M	436.51M	379.23M
Cash, Cash Equivalents and Short-Term Investments	63.26M	35.24M	16.03M	27.38M	40.33M
Total Debt	34.02M	46.85M	53.09M	32.75M	42.37M
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: 84.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 84 is above the 20-day moving average (MA) of 75.83, above the 50-day MA of 72.01, and above the 200-day MA of 68.74, indicating a bullish trend. The MACD of 2.73 indicates Negative momentum. The RSI at 78.57 is Negative, neither overbought nor oversold. The STOCH value of 91.51 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
QDT	75 Outperform	€571.76M	8.59	6.10%	3.89%	2.84%	-2.45%
ALGIL	74 Outperform	€526.85M	8.85	9.79%	3.51%	-1.69%	-20.80%
THEP	71 Outperform	€772.62M	17.22	12.07%	2.48%	-13.27%	-23.16%
SAMS	66 Neutral	€542.75M	20.53		5.08%	2.26%	-65.60%
Sector *	66 Neutral	€9.19B	16.52	3.99%	3.43%	2.85%	-16.21%
ALHRG	64 Neutral	€62.65M	5.77		8.68%	-37.09%	16.10%

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.