Tile Shop (TTSH) AI Stock Analysis

• Market Cap: $273.94M
• Dividend Yield: N/A
• Average Volume (3M): 41.69K
• Price to Earnings (P/E): 346.2
• Beta (1Y): 1.05
• Revenue Growth: -5.41%
• EPS Growth: -100.49%
• Country: US
• Employees: 1,291
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Home Improvement
• EPS (TTM): <0.01
• Shares Outstanding: 44,761,436
• 10 Day Avg. Volume: 39,290
• 30 Day Avg. Volume: 41,687
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.44
• Enterprise Value/Revenue: 1.16
• Enterprise Value/Gross Profit: 1.77
• Enterprise Value/Ebitda: 23.62
• 1Y Price Target: $6.50
• Price Target Upside: 9.98% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: $6.50 ▲(9.98% Upside)

Tile Shop's overall stock score reflects significant financial and valuation challenges, with declining revenue, high leverage, and unprofitability. Technical analysis indicates a bearish trend, further weighing on the score. While strategic initiatives from the earnings call provide some balance, the overall outlook remains cautious.

Tile Shop Business Overview & Revenue Model

Company Description

Tile Shop Holdings, Inc. operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers natural stone products, such as marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, including ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands. The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name; accessories, including installation tools, shower and bath shelves, drains, and related products; and offers customers delivery service through third-party freight providers. As of March 3, 2022, it operated 143 stores in 31 states and the District of Columbia, the United States. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.

How the Company Makes Money

The Tile Shop generates revenue primarily through the sale of tiles and related products in its retail locations and online. Key revenue streams include direct sales of tile products, installation materials, and design services. The company also earns income from partnerships with contractors and builders, offering them discounts and incentives to drive sales through their network. Seasonal promotions and marketing campaigns further enhance sales, while customer loyalty programs contribute to repeat business. Additionally, TTSH leverages its online platform to reach a broader customer base, facilitating e-commerce transactions that supplement in-store sales.

Tile Shop Financial Statement Overview

Summary

Tile Shop's financial statements indicate challenges in revenue growth and profitability, with a declining revenue trend and low net profit margin. The balance sheet shows moderate leverage but low ROE, suggesting inefficiencies. Cash flows are concerning with declining free cash flow, although operating cash remains strong relative to net income.

Income Statement

Tile Shop's income statement shows a declining revenue trend over recent years, with a slight increase in gross profit margin for TTM (Trailing-Twelve-Months) at 64.38%. However, net profit margin has decreased to 0.31% in TTM, indicating pressures on profitability. EBIT and EBITDA margins are relatively low at 0.67% and 3.17%, respectively, reflecting operational challenges.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 1.14, which indicates a balanced approach to leveraging. Return on Equity (ROE) stands at 0.88% for TTM, which is quite low, suggesting limited efficiency in generating profits from equity. The equity ratio is 37.93%, indicating a fair amount of equity in the capital structure.

Cash Flow

Tile Shop's cash flow statement shows a negative trend in free cash flow growth at -75.61% in TTM, highlighting liquidity concerns. The operating cash flow to net income ratio is 17.14, and the free cash flow to net income ratio is 2.84, suggesting strong cash generation relative to reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	340.23M	347.07M	377.15M	394.70M	370.70M	325.06M
Gross Profit	222.13M	227.87M	243.06M	258.94M	253.13M	221.53M
EBITDA	16.64M	21.28M	37.39M	47.75M	47.99M	37.71M
Net Income	-23.00K	2.32M	10.07M	15.70M	14.77M	6.03M
Balance Sheet
Total Assets	324.11M	319.60M	316.67M	345.82M	340.76M	342.69M
Cash, Cash Equivalents and Short-Term Investments	27.76M	20.96M	8.62M	5.95M	9.36M	9.62M
Total Debt	141.72M	142.58M	139.96M	176.62M	143.45M	149.90M
Total Liabilities	200.23M	196.69M	196.99M	237.05M	218.53M	203.63M
Stockholders Equity	123.88M	122.91M	119.69M	108.77M	122.22M	139.06M
Cash Flow
Free Cash Flow	2.39M	12.57M	46.75M	-11.31M	28.62M	63.63M
Operating Cash Flow	17.14M	27.11M	62.06M	2.71M	39.69M	65.60M
Investing Cash Flow	-14.48M	-14.34M	-15.26M	-14.03M	-11.07M	-1.97M
Financing Cash Flow	-324.00K	-503.00K	-45.93M	9.11M	-28.90M	-63.33M

Tile Shop Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTSH, the sentiment is Negative. The current price of 5.91 is below the 20-day moving average (MA) of 6.45, below the 50-day MA of 6.45, and below the 200-day MA of 6.56, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 53.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTSH.

Tile Shop Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HD	74 Outperform	$398.29B	27.16	299.52%	2.28%	7.33%	-1.19%
FND	71 Outperform	$8.87B	42.26	9.73%	―	4.88%	0.05%
WEYS	64 Neutral	$287.99M	11.25	10.36%	9.89%	-6.39%	-14.72%
LOW	63 Neutral	$141.82B	20.96	-51.07%	1.84%	-2.52%	-2.98%
Sector *	61 Neutral	$17.23B	11.51	-5.97%	3.09%	1.47%	-15.79%
PACK	49 Neutral	$360.22M	―	-6.24%	―	10.38%	-123.75%
TTSH	47 Neutral	$273.94M	346.20	-0.02%	―	-5.41%	-100.49%

Tile Shop Corporate Events

Tile Shop Holds Annual Stockholders Meeting, Elects Directors

On June 3, 2025, Tile Shop Holdings, Inc. conducted its Annual Meeting of Stockholders online, where key decisions were made, including the election of Peter J. Jacullo III and Cabell H. Lolmaugh as Class I directors until 2028. The meeting also saw the ratification of RSM US LLP as the independent accounting firm for 2025, and the approval of executive compensation on a non-binding basis. The board decided to hold annual advisory votes on executive compensation, with the next vote scheduled for the 2026 Annual Meeting.