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Techtronic Industries (TTNDY)
OTHER OTC:TTNDY
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Techtronic Industries
(OTC:TTNDY)
Rating:80Outperform
Price Target:
$69.00
▲(14.66% Upside)
Techtronic Industries (TTNDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.94B
Dividend Yield2.41%
Average Volume (3M)40.07K
Price to Earnings (P/E)18.4
Beta (1Y)1.02
Revenue Growth6.44%
EPS Growth15.21%
CountryUS
Employees46,580
SectorIndustrials
Sector Strength83
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)1.72
Shares Outstanding366,219,000
10 Day Avg. Volume22,992
30 Day Avg. Volume40,070
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit3.55
Enterprise Value/Ebitda13.55
Forecast
1Y Price Target
$66.00Price Target Upside9.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Techtronic Industries Business Overview & Revenue Model
Company DescriptionTechtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products worldwide. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers. The company provides floorcare products and accessories under the HOOVER, DIRT DEVIL, VAX, and ORECK brands, as well as to OEM customers. It serves Do-It-Yourself, professional, and industrial users in the home improvement, repair, maintenance, construction, and infrastructure industries. The company was founded in 1985 and is based in Kwai Chung, Hong Kong.
How the Company Makes MoneyTechtronic Industries generates revenue primarily through the sale of power tools and outdoor power equipment. The Power Equipment segment is the largest contributor to the company's revenue, driven by strong brand recognition and a diverse product portfolio that appeals to both professional users and DIY enthusiasts. The company leverages a combination of direct sales through retailers and distributors, as well as strategic partnerships with major home improvement chains and online platforms, to reach its customers. Additionally, the Floor Care segment contributes to the company's revenue by offering a variety of cleaning appliances under brands like Hoover and Vax. Techtronic Industries focuses on continuous product innovation and expansion into new markets to sustain its growth and maintain its competitive edge.
Techtronic Industries Earnings Call Summary
Earnings Call Date:Aug 05, 2025
(Q2-2025)
| % Change Since: -0.63%|
Next Earnings Date:Mar 11, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment with record revenue and profit growth, strong brand performance, and improved margins. However, challenges remain with non-core business decline and tariff uncertainties. TTI's commitment to innovation and strategic flexibility positions it well for future growth.Q2-2025 Updates
Positive Updates
Record Revenue and Growth
TTI reported record revenue for the first half of 2025, with an increase of 7.1% to USD 7.83 billion, and in local currencies 7.5%. Net profit grew by 14.2% to USD 628 million, and earnings per share rose by 14.1% to USD 0.34 per share.
Strong Performance from Core Brands
MILWAUKEE delivered an 11.9% sales growth globally, while RYOBI achieved an 8.7% growth in local currencies. The MILWAUKEE brand continues to dominate the professional market, and RYOBI remains a leader in the consumer sector.
Improved Margins
Gross profit increased by 8% to USD 3.16 billion, with margins improved by 34 basis points to 40.3%. EBIT rose by 13.3% to USD 709 million, with the margin increasing by 49 basis points to 9.1%.
Positive Free Cash Flow
TTI generated USD 468 million in positive free cash flow for the first half of 2025, with a net cash position compared to a 9.2% gearing in the same period last year.
R&D and Innovation Focus
Increased R&D spending to 4.6% of sales, with emphasis on AI and machine learning to drive product innovation and efficiency.
Negative Updates
Non-core Business Decline
The non-core business segment experienced a decrease as TTI continues to rationalize its product lines to improve operating profits.
Challenges in Tariff and Supply Chain Management
Ongoing uncertainty and lack of clarity regarding tariffs, especially concerning production shifts from China to other regions, pose challenges for cost management and future planning.
Higher Effective Tax Rate
The effective tax rate increased by 15% compared to the same period last year, though it remains comparable to the full year 2024.
Company Guidance
During the call, TTI reported a record-breaking first half of 2025, highlighting several key financial metrics. The company achieved a revenue increase of 7.1% to USD 7.83 billion, with a notable 11.9% sales growth from its flagship brand, MILWAUKEE. Gross profit rose by 8% to USD 3.16 billion, with margins improving by 34 basis points to 40.3%. EBIT grew by 13.3% to USD 709 million, with a margin increase of 49 basis points to 9.1%. Net profit increased by 14.2% to USD 628 million, and earnings per share rose by 14.1% to USD 0.34. The company declared an interim dividend of HKD 1.25 per share, reflecting a 15.7% increase. Additionally, TTI's R&D investment reached 4.6% of sales, and CapEx spending was USD 96 million, mainly focusing on new products and operational efficiencies. The effective tax rate was 7.8%, and the company generated USD 468 million in free cash flow in the first half of 2025. Overall, TTI's strong performance was attributed to strategic initiatives, operational efficiencies, and a commitment to innovation.Techtronic Industries Financial Statement Overview
Summary
Techtronic Industries presents a robust financial profile with strong revenue growth, solid profitability, and efficient cash flow management. The company maintains a stable financial position with prudent leverage management and effective use of equity. While the net profit margin has slightly decreased, the company's operational efficiency and cash flow generation remain commendable.Income Statement
Techtronic Industries has demonstrated strong revenue growth with a consistent upward trajectory, evidenced by a 6.5% increase in revenue from 2023 to 2024. The company maintains robust profitability with a gross profit margin of 40.3% and a net profit margin of 7.7% in 2024. Additionally, EBIT and EBITDA margins are healthy at 8.7% and 13.7%, respectively, indicating efficient operational management. However, the net profit margin is slightly lower than the previous year, suggesting room for improvement in cost management.85
Very Positive
Balance Sheet
The balance sheet of Techtronic Industries reflects a stable financial position with a debt-to-equity ratio of 0.33, indicating prudent leverage management. The equity ratio stands at 49.4%, showcasing a solid equity base. Return on equity is strong at 17.6%, highlighting effective utilization of shareholder funds. However, the total debt has decreased, which is positive, but the company should continue to monitor its liabilities closely to maintain financial flexibility.78
Positive
Cash Flow
Techtronic Industries exhibits strong cash flow generation, with a significant increase in free cash flow by 28.6% from 2023 to 2024. The operating cash flow to net income ratio is 2.02, indicating excellent cash conversion efficiency. The free cash flow to net income ratio is 1.41, underscoring effective capital expenditure management. The company has improved its cash flow stability, although it should continue to focus on optimizing its capital allocation strategies.82
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.62B | 13.73B | 13.25B | 13.20B | 9.81B |
| Gross Profit | 5.90B | 5.42B | 5.21B | 5.12B | 3.75B |
| EBITDA | 2.00B | 1.78B | 1.44B | 1.38B | 1.03B |
| Net Income | 1.12B | 976.34M | 1.08B | 1.10B | 800.76M |
Balance Sheet | |||||
| Total Assets | 12.89B | 12.40B | 13.32B | 13.01B | 9.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 1.17B | 1.67B | 2.04B | 1.69B |
| Total Debt | 2.11B | 2.84B | 3.86B | 3.84B | 1.70B |
| Total Liabilities | 6.53B | 6.65B | 8.11B | 8.29B | 5.49B |
| Stockholders Equity | 6.36B | 5.75B | 5.21B | 4.72B | 3.90B |
Cash Flow | |||||
| Free Cash Flow | 1.58B | 1.23B | 652.11M | -847.48M | 700.14M |
| Operating Cash Flow | 2.27B | 2.10B | 1.23B | -100.94M | 1.16B |
| Investing Cash Flow | -606.24M | -778.78M | -919.23M | -1.02B | -580.27M |
| Financing Cash Flow | -1.33B | -1.80B | -712.74M | 1.47B | -498.09M |
Techtronic Industries Technical Analysis
Positive
60.18
Price Trends
57.71
Positive
55.98
Positive
61.64
Negative
Market Momentum
0.95
Positive
56.10
Neutral
13.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTNDY, the sentiment is Positive. The current price of 60.18 is above the 20-day moving average (MA) of 59.74, above the 50-day MA of 57.71, and below the 200-day MA of 61.64, indicating a neutral trend. The MACD of 0.95 indicates Positive momentum. The RSI at 56.10 is Neutral, neither overbought nor oversold. The STOCH value of 13.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTNDY.
Techtronic Industries Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $21.94B | 18.35 | 18.56% | 2.41% | 6.44% | 15.21% | |
79 Outperform | $12.56B | 50.06 | 8.56% | ― | 5.48% | 16.88% | |
76 Outperform | $16.79B | 17.15 | 18.18% | 2.57% | -0.76% | -2.62% | |
74 Outperform | $13.22B | 26.93 | 37.35% | 1.24% | 0.24% | 0.05% | |
73 Outperform | $5.18B | 16.92 | 10.52% | 1.84% | -2.01% | -9.95% | |
63 Neutral | $10.73B | 21.98 | 5.38% | 4.73% | -2.71% | ― | |
58 Neutral | HK$13.23B | 4.28 | -2.97% | 5.82% | 2.91% | -48.85% |
* Industrials Sector Average
Performance Comparison
TTNDY
Techtronic Industries
60.18
-0.57
-0.94%
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239.47
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RBC
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398.07
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SNA
Snap-on
321.80
60.75
23.27%
SWK
Stanley Black & Decker
69.32
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-22.43%
TKR
Timken Company
74.39
-4.50
-5.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.