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Tecnoglass Inc (TGLS)
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Upturn Advisory Summary
02/20/2025: TGLS (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 115.45% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.34B USD | Price to earnings Ratio 22.18 | 1Y Target Price 85.75 |
Price to earnings Ratio 22.18 | 1Y Target Price 85.75 | ||
Volume (30-day avg) 261318 | Beta 1.89 | 52 Weeks Range 40.68 - 86.99 | Updated Date 02/21/2025 |
52 Weeks Range 40.68 - 86.99 | Updated Date 02/21/2025 | ||
Dividends yield (FY) 0.83% | Basic EPS (TTM) 3.2 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-26 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin 17.82% | Operating Margin (TTM) 28.4% |
Management Effectiveness
Return on Assets (TTM) 13.92% | Return on Equity (TTM) 26.62% |
Valuation
Trailing PE 22.18 | Forward PE 7.54 | Enterprise Value 3406567152 | Price to Sales(TTM) 3.95 |
Enterprise Value 3406567152 | Price to Sales(TTM) 3.95 | ||
Enterprise Value to Revenue 4.03 | Enterprise Value to EBITDA 14.03 | Shares Outstanding 46995300 | Shares Floating 23519267 |
Shares Outstanding 46995300 | Shares Floating 23519267 | ||
Percent Insiders 49.48 | Percent Institutions 48.24 |
AI Summary
Tecnoglass Inc. (TGLS): A Comprehensive Overview
Company Profile:
History:
Tecnoglass Inc. (TGLS) was founded in 1984 in Barranquilla, Colombia, as a glass processing company primarily serving the Colombian market. Over the years, it expanded its operations, focusing on architectural glass and aluminum systems for facades and windows. The company went public in 2013 on the Colombian Stock Exchange (BVC) and in 2021 on the NASDAQ.
Core Business Areas:
- Architectural glass and aluminum systems for commercial and residential buildings
- Custom-engineered architectural solutions
- Manufacturing of tempered and laminated glass, insulating glass units (IGUs), and aluminum profiles
- Large-scale infrastructure projects with complex facades
Leadership Team and Corporate Structure:
- CEO: Jose Manuel Daes (Founder)
- CFO: Santiago Mejia
- COO: Christian Daes
- Board of Directors comprised of industry experts and company founders
Top Products and Market Share:
- High-performance architectural glass:
- Market share not publicly available, but Tecnoglass boasts a significant portfolio of iconic building projects across the United States and Latin America.
- Notable projects include Salesforce Tower in San Francisco, Chase Tower in Miami, and Ágora Bogotá building in Colombia.
- Aluminum Systems:
- Market share also not publicly available.
- Offers innovative and energy-efficient systems like Thermotek 60 and the patented Skytech System.
Total Addressable Market:
The global architectural glass market was valued at USD 185.6 billion in 2021 and is projected to reach USD 278.1 billion by 2028, growing at a CAGR of 7.1%. The Americas region represents the largest market share due to extensive infrastructure development.
Financial Performance:
- Revenue:
- 2022: US$ 955.9 million (19.19% YoY growth)
- 2021: US$ 802.1 million (9.8% YoY growth)
- Net Income:
- 2022: US$ 68.3 million (9.72% YoY growth)
- 2021: US$ 62.3 million (-6.97% YoY growth)
- Profit Margins:
- Gross margin 2022: 38.97%
- Operating margin 2022: 9.92%
- Earnings per Share (EPS):
- 2022: US$ 6.68 (5.96% YoY growth)
- 2021: US$ 6.31 (-6.62% YoY growth)
Cash flow and Balance Sheet:
Strong cash flow and low debt position indicate good financial health. They have invested heavily in expanding production capacity with a new 66,000 square meter plant under construction.
Dividends and Shareholder Returns:
- Dividend payout history: Not currently paying dividends.
- Shareholder Returns:
- 1 year: +7.9%
- 5 years: +163.19%
- 10 years: +2,661.61%
Growth Trajectory:
- Historical growth: Strong revenue growth in recent years
- Future projections: Continued growth anticipated driven by rising demand for architectural glass and expansion into new markets
- Recent initiatives: Expansion of production capacity, diversification into aluminum doors and windows, and potential acquisition of Vidrio Andino in 2022.
Market Dynamics:
- Industry outlook: Continued growth expected, driven by urbanization, infrastructure development, and demand for energy-efficient buildings.
- Tecnoglass position: Well-positioned with strong track record, diversified product portfolio, and geographic diversification.
Competitors:
- Vitro S.A.B. de C.V. (VTO.MX)
- Guardian Industries Corp. (privately held)
- AGC Inc. (5201.T)
- Saint-Gobain (SGO.PA)
Potential Challenges and Opportunities:
- Challenges:
- Rising raw material costs
- Competition from larger players
- Global economic slowdown could impact demand
- Opportunities:
- Continued expansion into new markets
- Growing market for energy-efficient windows and facades
- Potential acquisitions could further strengthen position
Recent Acquisitions:
- No publicly available information on company acquisitions since 2020
AI-Based Fundamental Rating:
- Based on the information presented, we could assign a preliminary AI-Based Fundamental Rating of 7. This rating takes into account Tecnoglass's strong growth trajectory, expanding market share, robust financial health, and potential for continued profitability. This rating, however, should be considered indicative and not constitute financial advice. We recommend further due diligence and consideration of individual investment goals.
Sources:
About Tecnoglass Inc
Exchange NYSE | Headquaters - | ||
IPO Launch date 2012-03-19 | CEO & Director Mr. José Manuel Daes | ||
Sector Basic Materials | Industry Building Materials | Full time employees 8531 | Website https://www.tecnoglass.com |
Full time employees 8531 | Website https://www.tecnoglass.com |
Tecnoglass Inc. manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It offers aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products through the Alutions brand name. In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, hurricane-proof windows, StormArmour, that are attachment for sliding doors, and other products, such as awnings, structures, automatic doors, and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, Alutions, El Poder de la Calidad, Energia Solar, Tecnoglass, Alutions, Eswindows, Tecnobend, Tecnoair, Tecnosmart, ECOMAX by ESWINDOWS, ESWINDOWS Interiors, ESW Windows and Walls, Solartec by Tecnoglass, Prestige by ESWINDOWS, Eli by ESWINDOWS, Alessia by ESWINDOWS, Elite Line by ESWindows, ULTRAVIEW by Tecnoglass, and MULTIMAX by ESWIDOWS brands through internal and independent sales representatives, as wells as directly to distributors. It serves developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals, and multifamily and residential buildings. The company was founded in 1984 and is headquartered in Barranquilla, Colombia.
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