Tecnoglass is a number one producing company of industrial glass.
Within a current interview through Colombian newspaper El Tiempo, Chief Operating Officer Christian Daes and Chief Executive Officer Jose Manuel Daes showed a well balanced improved point of view than previously estimated.
Regardless of high-class development and profits, stock investments on a sizable reduction to competition.
Stock seems to have diminished with all the greater market recently, yet thesis can easily be solid as ever.
Tecnoglass Inc. (NASDAQ:TGLS) is a number one manufacturer of tempered, laminated, insulated, silk screened as well as curved glass for utilization in great residential and commercial complexes. There exists a previous article with the fact that they trade at a very far lower multiple over rivals, even though their very own higher profits in addition to growth rate, imminent dividend launch, and growing backlog. Although the stock has diminished in the past few weeks in conjunction to the bigger offering sell-off, a mostly overlooked article at a Colombian journal provides us new confidence than we've had in TGLS.
A huge segment of Tecnoglass' industry is supplied by very big residential and commercial engineering projects. Some of these constructions are usually booked a number of years up front, which gives Tecnoglass a large backlog, with steady and estimated revenue. All their income are so foreseeable that the entire company provided full year 2016 revenue steering at the beginning of 2015. At the moment, they expected 2016 sales revenue increase of 20%, implying guidance of $288 million. They actually have reiterated that figure over the year, and yet augmented their EBITDA direction from a range of eigthy to eigthy-five million to a sort of $85 to ninety million, a representation of their improved rates.
On January seventeen, 2016, Colombian journal El Tiempo released an interview with TGLS Chief operating officer Christian Daes and Chief Executive Officer Jose Manuel Daes that reviewed quite a few elements of the entire corporation's capabilities, plus their unique forcasts meant for this year. In that interview, Daes reported that 2016 sales could be more than 1,100,000 million Col$, that turned at the existing change rate, totals to $330 million us$ dollars, 15% higher than the actual guidance, or a 33% growth value yearly over year.
At times of stock exchange precariousness, individuals are increasing involved in depositing their money in secure assets. In TGLS, people acquire a business with better than twenty five percent revenue growth, thirty percent EBITDA profit margins, a large in addition to growing backlog, and an imminent dividend that will yield not far away from 5 %, in addition to trades at just four times 2016 EBITDA, making this an brilliant investing occasion that is probably not going to last much time.
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