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Tessenderlo
Buy, Hold or Sell?

Let's analyze Tessenderlo together

I guess you are interested in Tessenderlo. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Tessenderlo. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Tessenderlo (30 sec.)










1.2. What can you expect buying and holding a share of Tessenderlo? (30 sec.)

How much money do you get?

How much money do you get?
€2.66
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
€30.91
Expected worth in 1 year
€63.12
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
€34.75
Return On Investment
160.9%

For what price can you sell your share?

Current Price per Share
€21.60
Expected price per share
€18.56 - €24.20
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Tessenderlo (5 min.)




Live pricePrice per Share (EOD)
€21.60
Intrinsic Value Per Share
€-19.01 - €18.17
Total Value Per Share
€11.90 - €49.08

2.2. Growth of Tessenderlo (5 min.)




Is Tessenderlo growing?

Current yearPrevious yearGrowGrow %
How rich?$2b$1.4b$572.5m28.0%

How much money is Tessenderlo making?

Current yearPrevious yearGrowGrow %
Making money$114.9m$238.1m-$123.2m-107.2%
Net Profit Margin3.7%8.8%--

How much money comes from the company's main activities?

2.3. Financial Health of Tessenderlo (5 min.)




2.4. Comparing to competitors in the Agricultural Inputs industry (5 min.)




  Industry Rankings (Agricultural Inputs)  


Richest
#19 / 156

Most Revenue
#5 / 156

Most Profit
#15 / 156
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Tessenderlo?

Welcome investor! Tessenderlo's management wants to use your money to grow the business. In return you get a share of Tessenderlo.

First you should know what it really means to hold a share of Tessenderlo. And how you can make/lose money.

Speculation

The Price per Share of Tessenderlo is €21.60. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Tessenderlo.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Tessenderlo, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €30.91. Based on the TTM, the Book Value Change Per Share is €8.05 per quarter. Based on the YOY, the Book Value Change Per Share is €4.43 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.63 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Tessenderlo.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.828.4%1.828.4%3.8818.0%2.4511.3%1.838.5%
Usd Book Value Change Per Share8.4539.1%8.4539.1%4.6521.5%3.9718.4%2.8313.1%
Usd Dividend Per Share0.663.1%0.663.1%3.7517.3%0.884.1%0.442.0%
Usd Total Gains Per Share9.1242.2%9.1242.2%8.3938.9%4.8522.4%3.2715.2%
Usd Price Per Share29.65-29.65-35.00-33.38-32.56-
Price to Earnings Ratio16.27-16.27-9.03-15.31-25.49-
Price-to-Total Gains Ratio3.25-3.25-4.17-12.74-20.51-
Price to Book Ratio0.91-0.91-1.46-1.75-2.46-
Price-to-Total Gains Ratio3.25-3.25-4.17-12.74-20.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share22.6692
Number of shares44
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.660.88
Usd Book Value Change Per Share8.453.97
Usd Total Gains Per Share9.124.85
Gains per Quarter (44 shares)401.12213.35
Gains per Year (44 shares)1,604.46853.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111714881594155698843
22342975319831013961696
33514463480246620952549
44685950640662127933402
55847438801077634914255
67018925961493141895108
78181041311218108748875961
89351190112822124255856814
910521338814426139762847667
1011691487616030155269828520

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.05.00.079.2%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.08.00.066.7%
Dividend per Share1.00.00.0100.0%2.00.01.066.7%2.00.03.040.0%2.00.08.020.0%16.00.08.066.7%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.07.00.070.8%
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3.2. Key Performance Indicators

The key performance indicators of Tessenderlo compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--8.0548.0540%4.429+82%3.780+113%2.700+198%
Book Value Per Share--30.90530.9050%22.852+35%20.062+54%14.815+109%
Current Ratio--2.5672.5670%2.543+1%2.290+12%2.214+16%
Debt To Asset Ratio--0.3310.3310%0.390-15%0.464-29%0.525-37%
Debt To Equity Ratio--0.5000.5000%0.640-22%0.919-46%1.179-58%
Dividend Per Share--0.6330.6330%3.570-82%0.840-25%0.420+51%
Enterprise Value--992464260.500992464260.5000%1306483480.000-24%1158467060.100-14%1168568107.950-15%
Eps--1.7371.7370%3.695-53%2.334-26%1.7440%
Ev To Ebitda Ratio--3.0573.0570%3.052+0%3.465-12%4.997-39%
Ev To Sales Ratio--0.3390.3390%0.505-33%0.546-38%0.643-47%
Free Cash Flow Per Share--0.6450.6450%1.417-54%1.885-66%1.320-51%
Free Cash Flow To Equity Per Share---1.262-1.2620%-1.381+9%-0.013-99%0.251-603%
Gross Profit Margin---1.332-1.3320%0.036-3787%-0.539-60%-1.165-13%
Intrinsic Value_10Y_max--18.172--------
Intrinsic Value_10Y_min---19.009--------
Intrinsic Value_1Y_max--1.875--------
Intrinsic Value_1Y_min--0.512--------
Intrinsic Value_3Y_max--5.593--------
Intrinsic Value_3Y_min---0.546--------
Intrinsic Value_5Y_max--9.261--------
Intrinsic Value_5Y_min---3.880--------
Market Cap1326430080.000-34%1781364261.5001781364261.5000%2047983480.000-13%1962727060.300-9%1910018108.150-7%
Net Profit Margin--0.0370.0370%0.088-57%0.065-43%0.055-32%
Operating Margin--0.0430.0430%0.113-62%0.089-52%0.078-45%
Operating Ratio--0.9590.9590%0.886+8%0.915+5%0.928+3%
Pb Ratio0.699-31%0.9140.9140%1.459-37%1.749-48%2.463-63%
Pe Ratio12.439-31%16.26816.2680%9.026+80%15.306+6%25.486-36%
Price Per Share21.600-31%28.25028.2500%33.350-15%31.810-11%31.028-9%
Price To Free Cash Flow Ratio33.465-31%43.76843.7680%23.540+86%21.647+102%43.205+1%
Price To Total Gains Ratio2.487-31%3.2523.2520%4.169-22%12.743-74%20.511-84%
Quick Ratio--1.1611.1610%1.170-1%1.186-2%1.158+0%
Return On Assets--0.0380.0380%0.099-62%0.064-42%0.057-34%
Return On Equity--0.0570.0570%0.162-65%0.122-54%0.123-54%
Total Gains Per Share--8.6868.6860%7.999+9%4.620+88%3.120+178%
Usd Book Value--2045265598.9512045265598.9510%1472763350.000+39%1303688899.790+57%960177054.895+113%
Usd Book Value Change Per Share--8.4528.4520%4.649+82%3.967+113%2.834+198%
Usd Book Value Per Share--32.43532.4350%23.983+35%21.056+54%15.549+109%
Usd Dividend Per Share--0.6640.6640%3.746-82%0.882-25%0.441+51%
Usd Enterprise Value--1041591241.3951041591241.3950%1371154412.260-24%1215811179.575-14%1226412229.294-15%
Usd Eps--1.8221.8220%3.878-53%2.449-26%1.8300%
Usd Free Cash Flow--42714650.00042714650.0000%91306500.000-53%121700020.000-65%85177420.000-50%
Usd Free Cash Flow Per Share--0.6770.6770%1.487-54%1.978-66%1.385-51%
Usd Free Cash Flow To Equity Per Share---1.325-1.3250%-1.449+9%-0.014-99%0.264-603%
Usd Market Cap1392088368.960-34%1869541792.4441869541792.4440%2149358662.260-13%2059882049.785-9%2004564004.503-7%
Usd Price Per Share22.669-31%29.64829.6480%35.001-15%33.385-11%32.563-9%
Usd Profit--114920250.000114920250.0000%238131550.000-52%151002060.000-24%112684815.000+2%
Usd Revenue--3073250850.0003073250850.0000%2715581250.000+13%2325167250.000+32%1990796550.000+54%
Usd Total Gains Per Share--9.1169.1160%8.395+9%4.849+88%3.275+178%
 EOD+4 -4MRQTTM+0 -0YOY+16 -245Y+13 -2710Y+18 -22

3.3 Fundamental Score

Let's check the fundamental score of Tessenderlo based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.439
Price to Book Ratio (EOD)Between0-10.699
Net Profit Margin (MRQ)Greater than00.037
Operating Margin (MRQ)Greater than00.043
Quick Ratio (MRQ)Greater than11.161
Current Ratio (MRQ)Greater than12.567
Debt to Asset Ratio (MRQ)Less than10.331
Debt to Equity Ratio (MRQ)Less than10.500
Return on Equity (MRQ)Greater than0.150.057
Return on Assets (MRQ)Greater than0.050.038
Total8/10 (80.0%)

3.4 Technical Score

Let's check the technical score of Tessenderlo based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.747
Ma 20Greater thanMa 5021.018
Ma 50Greater thanMa 10020.532
Ma 100Greater thanMa 20022.452
OpenGreater thanClose21.200
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Tessenderlo

Tessenderlo Group NV, together with its subsidiaries, engages in the agriculture, valorizing bio-residuals, energy, and industrial solution businesses worldwide. It operates through five segments: Agro, Bio-Valorization, Industrial Solutions, Machines & Technologies, and T-Power. The Agro segment engages in the production, marketing, and trading of crop nutrients, including liquid crop and potassium sulfate fertilizers, and organic soil improvers, as well as organic and non-organic crop protection products. This segment offers its specialty fertilizers under Thio-Sul, KTS, K-Row 23, CaTs, GranuPotasse, SoluKem, SoluPotasse, and MAJOR 90 brands. The Bio-Valorization segment produces, sells, and trades in gelatins and collagen peptides, and proteins and fats. The Industrial Solutions segment is involved in the provision of preassembled piping kits, project consultancy services, engineering support for ventilation solutions, sewage and rainwater solutions, and siphonic roof drainage systems; coagulants and other chemicals for the treatment of wastewater, and the purification of drinking water; production and sale of industrial chemicals, such as bleach, sulfuric acid, sodium hydroxide, various grades of hydrochloric acid, and calcium chloride, as well as sulfur chemicals. The Machines & Technologies segment engages in the design, development, production, sale, support, and service of weaving machines, as well as related upgrade kits and spare parts, and training and repair services; engineered casting solutions, and drill tips and anchor solutions; customized controller systems; and precision parts. The T-Power segment produces electricity through a combined cycle gas turbine of 425 MW capacity. It serves agriculture, food, pharma, municipal water, mining, construction, infrastructure, health, chemical, oil and gas, textile, animal feed, machinery, engineering, and consumer goods end markets. The company was founded in 1919 and is headquartered in Brussels, Belgium.

Fundamental data was last updated by Penke on 2025-02-05 08:55:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is fair priced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Tessenderlo earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Net Profit Margin of 3.7% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Tessenderlo:

  • The MRQ is 3.7%. The company is making a profit. +1
  • The TTM is 3.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.7%TTM3.7%0.0%
TTM3.7%YOY8.8%-5.0%
TTM3.7%5Y6.5%-2.8%
5Y6.5%10Y5.5%+1.0%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7%2.8%+0.9%
TTM3.7%2.9%+0.8%
YOY8.8%5.4%+3.4%
5Y6.5%5.1%+1.4%
10Y5.5%4.3%+1.2%
4.3.1.2. Return on Assets

Shows how efficient Tessenderlo is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • 3.8% Return on Assets means that Tessenderlo generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Tessenderlo:

  • The MRQ is 3.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.8%TTM3.8%0.0%
TTM3.8%YOY9.9%-6.1%
TTM3.8%5Y6.4%-2.7%
5Y6.4%10Y5.7%+0.7%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%0.6%+3.2%
TTM3.8%0.8%+3.0%
YOY9.9%1.4%+8.5%
5Y6.4%1.3%+5.1%
10Y5.7%1.2%+4.5%
4.3.1.3. Return on Equity

Shows how efficient Tessenderlo is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • 5.7% Return on Equity means Tessenderlo generated €0.06 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Tessenderlo:

  • The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.7%TTM5.7%0.0%
TTM5.7%YOY16.2%-10.5%
TTM5.7%5Y12.2%-6.6%
5Y12.2%10Y12.3%0.0%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ5.7%1.4%+4.3%
TTM5.7%1.4%+4.3%
YOY16.2%2.7%+13.5%
5Y12.2%2.6%+9.6%
10Y12.3%2.4%+9.9%
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4.3.2. Operating Efficiency of Tessenderlo.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Tessenderlo is operating .

  • Measures how much profit Tessenderlo makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • An Operating Margin of 4.3% means the company generated €0.04  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Tessenderlo:

  • The MRQ is 4.3%. The company is operating less efficient.
  • The TTM is 4.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ4.3%TTM4.3%0.0%
TTM4.3%YOY11.3%-7.0%
TTM4.3%5Y8.9%-4.6%
5Y8.9%10Y7.8%+1.1%
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ4.3%6.6%-2.3%
TTM4.3%6.2%-1.9%
YOY11.3%7.2%+4.1%
5Y8.9%7.1%+1.8%
10Y7.8%5.6%+2.2%
4.3.2.2. Operating Ratio

Measures how efficient Tessenderlo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Agricultural Inputs industry mean).
  • An Operation Ratio of 0.96 means that the operating costs are €0.96 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Tessenderlo:

  • The MRQ is 0.959. The company is less efficient in keeping operating costs low.
  • The TTM is 0.959. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.959TTM0.9590.000
TTM0.959YOY0.886+0.073
TTM0.9595Y0.915+0.044
5Y0.91510Y0.928-0.013
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9591.498-0.539
TTM0.9591.353-0.394
YOY0.8861.215-0.329
5Y0.9151.348-0.433
10Y0.9281.229-0.301
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4.4.3. Liquidity of Tessenderlo.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Tessenderlo is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Agricultural Inputs industry mean).
  • A Current Ratio of 2.57 means the company has €2.57 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Tessenderlo:

  • The MRQ is 2.567. The company is able to pay all its short-term debts. +1
  • The TTM is 2.567. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.567TTM2.5670.000
TTM2.567YOY2.543+0.024
TTM2.5675Y2.290+0.277
5Y2.29010Y2.214+0.075
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5671.537+1.030
TTM2.5671.578+0.989
YOY2.5431.645+0.898
5Y2.2901.724+0.566
10Y2.2141.613+0.601
4.4.3.2. Quick Ratio

Measures if Tessenderlo is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Quick Ratio of 1.16 means the company can pay off €1.16 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Tessenderlo:

  • The MRQ is 1.161. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.161. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.161TTM1.1610.000
TTM1.161YOY1.170-0.009
TTM1.1615Y1.186-0.024
5Y1.18610Y1.158+0.028
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1610.596+0.565
TTM1.1610.600+0.561
YOY1.1700.777+0.393
5Y1.1860.791+0.395
10Y1.1580.801+0.357
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4.5.4. Solvency of Tessenderlo.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Tessenderlo assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Tessenderlo to Agricultural Inputs industry mean.
  • A Debt to Asset Ratio of 0.33 means that Tessenderlo assets are financed with 33.1% credit (debt) and the remaining percentage (100% - 33.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Tessenderlo:

  • The MRQ is 0.331. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.331. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.331TTM0.3310.000
TTM0.331YOY0.390-0.059
TTM0.3315Y0.464-0.132
5Y0.46410Y0.525-0.062
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3310.463-0.132
TTM0.3310.447-0.116
YOY0.3900.458-0.068
5Y0.4640.458+0.006
10Y0.5250.490+0.035
4.5.4.2. Debt to Equity Ratio

Measures if Tessenderlo is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A Debt to Equity ratio of 50.0% means that company has €0.50 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Tessenderlo:

  • The MRQ is 0.500. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.500. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.500TTM0.5000.000
TTM0.500YOY0.640-0.140
TTM0.5005Y0.919-0.418
5Y0.91910Y1.179-0.261
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5000.805-0.305
TTM0.5000.808-0.308
YOY0.6400.833-0.193
5Y0.9190.904+0.015
10Y1.1790.994+0.185
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Tessenderlo generates.

  • Above 15 is considered overpriced but always compare Tessenderlo to the Agricultural Inputs industry mean.
  • A PE ratio of 16.27 means the investor is paying €16.27 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Tessenderlo:

  • The EOD is 12.439. Based on the earnings, the company is underpriced. +1
  • The MRQ is 16.268. Based on the earnings, the company is fair priced.
  • The TTM is 16.268. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD12.439MRQ16.268-3.829
MRQ16.268TTM16.2680.000
TTM16.268YOY9.026+7.242
TTM16.2685Y15.306+0.963
5Y15.30610Y25.486-10.180
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
EOD12.43910.969+1.470
MRQ16.26811.333+4.935
TTM16.26811.916+4.352
YOY9.02610.513-1.487
5Y15.30614.249+1.057
10Y25.48622.489+2.997
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Tessenderlo:

  • The EOD is 33.465. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 43.768. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 43.768. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD33.465MRQ43.768-10.303
MRQ43.768TTM43.7680.000
TTM43.768YOY23.540+20.228
TTM43.7685Y21.647+22.121
5Y21.64710Y43.205-21.558
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
EOD33.4653.921+29.544
MRQ43.7683.671+40.097
TTM43.7681.903+41.865
YOY23.540-0.454+23.994
5Y21.6470.436+21.211
10Y43.2050.333+42.872
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Tessenderlo is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Agricultural Inputs industry mean).
  • A PB ratio of 0.91 means the investor is paying €0.91 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Tessenderlo:

  • The EOD is 0.699. Based on the equity, the company is cheap. +2
  • The MRQ is 0.914. Based on the equity, the company is cheap. +2
  • The TTM is 0.914. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.699MRQ0.914-0.215
MRQ0.914TTM0.9140.000
TTM0.914YOY1.459-0.545
TTM0.9145Y1.749-0.835
5Y1.74910Y2.463-0.714
Compared to industry (Agricultural Inputs)
PeriodCompanyIndustry (mean)+/- 
EOD0.6991.299-0.600
MRQ0.9141.313-0.399
TTM0.9141.313-0.399
YOY1.4591.735-0.276
5Y1.7491.981-0.232
10Y2.4632.557-0.094
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Retained Earnings  458,60095,300553,900204,700758,600253,1001,011,700-1,197,800-186,100
Other Assets  46,300-1,90044,4001,90046,300-13,60032,700-32,800-100
Current Deferred Revenue -86,90020,700-66,200-145,300-211,500155,200-56,30079,30023,000
Long-term Assets Other  -66,700-300-67,0001,700-65,30013,700-51,600128,10076,500



6.2. Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets2,914,700
Total Liabilities965,900
Total Stockholder Equity1,930,900
 As reported
Total Liabilities 965,900
Total Stockholder Equity+ 1,930,900
Total Assets = 2,914,700

Assets

Total Assets2,914,700
Total Current Assets1,257,600
Long-term Assets1,657,200
Total Current Assets
Cash And Cash Equivalents 177,000
Short-term Investments 3,000
Net Receivables 389,000
Inventory 604,500
Other Current Assets 87,100
Total Current Assets  (as reported)1,257,600
Total Current Assets  (calculated)1,260,600
+/- 3,000
Long-term Assets
Property Plant Equipment 1,156,100
Goodwill 31,800
Intangible Assets 286,900
Long-term Assets Other 76,500
Long-term Assets  (as reported)1,657,200
Long-term Assets  (calculated)1,551,300
+/- 105,900

Liabilities & Shareholders' Equity

Total Current Liabilities490,000
Long-term Liabilities475,700
Total Stockholder Equity1,930,900
Total Current Liabilities
Short-term Debt 61,600
Short Long Term Debt 42,500
Accounts payable 260,300
Other Current Liabilities 143,000
Total Current Liabilities  (as reported)490,000
Total Current Liabilities  (calculated)507,400
+/- 17,400
Long-term Liabilities
Long term Debt 135,300
Capital Lease Obligations 59,200
Long-term Liabilities Other -400
Long-term Liabilities  (as reported)475,700
Long-term Liabilities  (calculated)194,100
+/- 281,600
Total Stockholder Equity
Common Stock428,300
Retained Earnings -186,100
Other Stockholders Equity 1,502,600
Total Stockholder Equity (as reported)1,930,900
Total Stockholder Equity (calculated)1,744,800
+/- 186,100
Other
Capital Stock428,300
Cash and Short Term Investments 177,000
Common Stock Shares Outstanding 63,057
Current Deferred Revenue23,000
Liabilities and Stockholders Equity 2,914,700
Net Debt 60,000
Net Invested Capital 2,108,700
Net Working Capital 767,500
Property Plant and Equipment Gross 2,923,600
Short Long Term Debt Total 237,000



6.3. Balance Sheets Structured

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
1,532,214
1,714,938
1,602,273
1,588,692
1,606,700
1,711,700
1,705,800
1,683,200
1,812,900
1,576,600
1,696,500
1,379,700
1,288,200
1,089,900
1,185,400
1,303,600
1,358,800
1,411,700
1,837,600
1,911,300
1,966,400
2,207,000
2,300,900
2,914,700
2,914,7002,300,9002,207,0001,966,4001,911,3001,837,6001,411,7001,358,8001,303,6001,185,4001,089,9001,288,2001,379,7001,696,5001,576,6001,812,9001,683,2001,705,8001,711,7001,606,7001,588,6921,602,2731,714,9381,532,214
   > Total Current Assets 
0
0
842,254
803,294
788,500
836,800
823,600
859,400
1,002,100
692,300
800,400
676,600
641,200
495,000
589,200
674,700
697,400
761,100
754,600
765,200
860,500
1,101,600
1,153,300
1,257,600
1,257,6001,153,3001,101,600860,500765,200754,600761,100697,400674,700589,200495,000641,200676,600800,400692,3001,002,100859,400823,600836,800788,500803,294842,25400
       Cash And Cash Equivalents 
28,954
43,273
45,946
46,858
40,800
21,100
36,300
93,600
53,500
44,300
150,500
34,900
34,700
48,900
157,000
130,200
119,200
195,500
164,100
154,500
230,100
320,300
156,100
177,000
177,000156,100320,300230,100154,500164,100195,500119,200130,200157,00048,90034,70034,900150,50044,30053,50093,60036,30021,10040,80046,85845,94643,27328,954
       Short-term Investments 
9,602
7,906
-428,837
-400,601
1,271
0
0
1,900
5,400
-22,700
700
-29,500
0
0
0
1,000
500
0
0
-16,500
20,000
10,000
600
3,000
3,00060010,00020,000-16,500005001,000000-29,500700-22,7005,4001,900001,271-400,601-428,8377,9069,602
       Net Receivables 
391,377
467,691
62,955
60,887
439,891
448,300
439,100
424,000
468,900
286,800
317,600
298,700
237,200
176,400
121,200
216,900
233,400
239,200
249,500
246,300
238,200
333,400
374,200
389,000
389,000374,200333,400238,200246,300249,500239,200233,400216,900121,200176,400237,200298,700317,600286,800468,900424,000439,100448,300439,89160,88762,955467,691391,377
       Other Current Assets 
111,382
114,442
782,112
736,348
417,600
449,300
439,200
424,000
600
900
1,100
2,400
303,100
48,400
62,800
38,700
35,100
47,300
38,000
40,600
40,100
44,500
56,100
87,100
87,10056,10044,50040,10040,60038,00047,30035,10038,70062,80048,400303,1002,4001,100900600424,000439,200449,300417,600736,348782,112114,442111,382
   > Long-term Assets 
0
0
760,019
785,398
818,200
874,900
882,200
823,800
810,800
884,300
896,100
703,100
594,800
552,500
567,200
584,000
618,900
606,800
1,044,000
1,099,800
1,061,500
1,059,100
1,114,900
1,657,200
1,657,2001,114,9001,059,1001,061,5001,099,8001,044,000606,800618,900584,000567,200552,500594,800703,100896,100884,300810,800823,800882,200874,900818,200785,398760,01900
       Property Plant Equipment 
593,167
659,416
647,139
655,697
691,900
747,200
726,600
677,800
652,000
694,700
682,200
518,800
471,800
436,700
462,600
462,300
508,400
503,300
789,200
872,900
862,200
886,600
888,700
1,156,100
1,156,100888,700886,600862,200872,900789,200503,300508,400462,300462,600436,700471,800518,800682,200694,700652,000677,800726,600747,200691,900655,697647,139659,416593,167
       Goodwill 
84,788
88,845
81,967
101,524
77,100
76,900
69,500
37,200
38,300
53,600
53,400
55,000
37,200
37,100
38,800
35,300
35,600
33,800
35,000
34,600
33,400
32,300
32,100
31,800
31,80032,10032,30033,40034,60035,00033,80035,60035,30038,80037,10037,20055,00053,40053,60038,30037,20069,50076,90077,100101,52481,96788,84584,788
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
28,800
20,600
27,100
29,200
39,100
29,600
0
0
0
0
0
0000029,60039,10029,20027,10020,60028,8000000000000000
       Intangible Assets 
86,303
91,676
68,771
63,012
-15,800
-12,700
-7,500
36,900
39,900
67,400
61,200
58,100
60,000
49,900
45,200
59,300
45,700
30,600
190,200
162,100
135,600
109,200
107,000
286,900
286,900107,000109,200135,600162,100190,20030,60045,70059,30045,20049,90060,00058,10061,20067,40039,90036,900-7,500-12,700-15,80063,01268,77191,67686,303
       Long-term Assets Other 
0
0
-423,670
-372,665
34,100
42,300
66,500
17,400
23,500
300
41,900
7,800
-4,300
-5,100
-18,600
-71,100
-75,700
-61,700
-67,100
-66,700
-67,000
-65,300
-51,600
76,500
76,500-51,600-65,300-67,000-66,700-67,100-61,700-75,700-71,100-18,600-5,100-4,3007,80041,90030023,50017,40066,50042,30034,100-372,665-423,67000
> Total Liabilities 
729,649
868,455
830,007
831,948
851,200
937,000
994,100
881,000
910,900
869,100
967,900
775,100
923,000
850,000
748,500
785,300
752,800
772,300
1,100,300
1,087,800
1,062,300
1,075,700
897,600
965,900
965,900897,6001,075,7001,062,3001,087,8001,100,300772,300752,800785,300748,500850,000923,000775,100967,900869,100910,900881,000994,100937,000851,200831,948830,007868,455729,649
   > Total Current Liabilities 
551,088
684,910
709,412
717,169
612,100
538,500
693,100
611,700
643,200
618,200
599,200
466,100
430,200
417,600
487,700
317,200
270,100
307,700
327,300
361,500
361,600
597,700
453,600
490,000
490,000453,600597,700361,600361,500327,300307,700270,100317,200487,700417,600430,200466,100599,200618,200643,200611,700693,100538,500612,100717,169709,412684,910551,088
       Short-term Debt 
0
0
0
0
278,100
169,800
298,600
214,800
0
0
117,100
700
73,200
107,900
210,300
48,800
28,900
29,400
48,100
94,600
66,200
211,500
56,200
61,600
61,60056,200211,50066,20094,60048,10029,40028,90048,800210,300107,90073,200700117,10000214,800298,600169,800278,1000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
307,900
183,400
5,300
28,800
29,300
48,100
65,700
48,000
194,500
39,400
42,500
42,50039,400194,50048,00065,70048,10029,30028,8005,300183,400307,9000000000000000
       Accounts payable 
208,725
227,905
531,474
590,413
229,600
267,200
367,600
385,900
388,900
363,100
469,600
379,300
198,700
174,800
147,600
163,000
145,600
170,700
165,900
161,800
172,700
245,500
272,800
260,300
260,300272,800245,500172,700161,800165,900170,700145,600163,000147,600174,800198,700379,300469,600363,100388,900385,900367,600267,200229,600590,413531,474227,905208,725
       Other Current Liabilities 
130,023
141,015
145,936
99,545
30,400
33,600
-30,000
8,600
252,300
254,400
12,100
83,100
155,700
112,700
111,700
104,700
94,100
106,300
112,200
101,800
120,300
139,100
122,700
143,000
143,000122,700139,100120,300101,800112,200106,30094,100104,700111,700112,700155,70083,10012,100254,400252,3008,600-30,00033,60030,40099,545145,936141,015130,023
   > Long-term Liabilities 
0
0
120,595
114,779
239,100
398,500
301,000
269,300
267,700
250,900
368,700
309,000
281,100
199,900
4,000
226,600
226,800
224,600
494,300
392,500
364,200
164,700
175,600
475,700
475,700175,600164,700364,200392,500494,300224,600226,800226,6004,000199,900281,100309,000368,700250,900267,700269,300301,000398,500239,100114,779120,59500
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
226,700
226,900
224,700
464,000
415,100
0
0
0
0
0000415,100464,000224,700226,900226,700000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200
100
-100
-100
-200
100
-400
-400100-200-100-10010020000000000000000000
> Total Stockholder Equity
794,082
834,433
743,614
755,940
755,500
774,300
709,500
800,200
900,000
705,200
724,900
600,300
312,200
204,200
433,500
516,800
604,700
637,700
735,100
821,600
903,000
1,130,000
1,401,800
1,930,900
1,930,9001,401,8001,130,000903,000821,600735,100637,700604,700516,800433,500204,200312,200600,300724,900705,200900,000800,200709,500774,300755,500755,940743,614834,433794,082
   Common Stock
130,144
131,000
132,000
133,000
134,000
135,000
136,000
137,000
138,000
139,000
143,700
147,900
153,700
159,200
212,400
215,000
215,800
216,100
216,200
216,200
216,200
216,200
216,200
428,300
428,300216,200216,200216,200216,200216,200216,100215,800215,000212,400159,200153,700147,900143,700139,000138,000137,000136,000135,000134,000133,000132,000131,000130,144
   Retained Earnings Total Equity000000000000000000000000
   Accumulated Other Comprehensive Income -241,000-42,500-61,200-83,500-69,600-64,800-68,800-65,600-68,800-63,000-69,6000-1,437,800-1,982,900-1,944,900000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
232,900
235,600
237,600
237,900
238,000
0
0
0
0
0000238,000237,900237,600235,600232,900000000000000000
   Treasury Stock00000000000-600000000000000
   Other Stockholders Equity 
0
0
611,614
622,940
157,400
235,200
275,800
298,600
383,500
417,000
448,300
73,500
64,100
102,000
98,200
251,300
170,000
78,400
86,600
168,400
154,500
176,800
195,500
1,502,600
1,502,600195,500176,800154,500168,40086,60078,400170,000251,30098,200102,00064,10073,500448,300417,000383,500298,600275,800235,200157,400622,940611,61400



6.4. Balance Sheets

Currency in EUR. All numbers in thousands.




6.5. Cash Flows

Currency in EUR. All numbers in thousands.