TPI Composites Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 40.88
Dividend & YieldN/A$ (N/A)
Beta 1.61
Market capitalization 474.05M
Operating cash flow -82.38M
ESG Scores unknown

Company description

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators. It operates in the United States, Asia, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

Sector: Industrials - Industry: Specialty Industrial Machinery

Financial Ratios
Quick Ratio1.38
Working Capital-0.83
Return On Equity-1.31
Debt To Equity0.05
Fixed Asset Ratio0
Fixed Interest Cover-4.47

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 32.26M 84.65M 10.3M 45.76M
Total Cashflows From Investing Activities -52.69M -75.51M -65.67M -37.12M
Net Borrowings -8.88M -2.13M 75.69M -145.09M
Total Cash From Financing Activities -7.73M 970k 88.61M 198.92M
Change To Operating Activities 357k -1.3M 3.6M 22.73M
Issuance Of Stock 4.28M 5.22M 15.84M 5.21M
Net Income 5.28M -15.71M -19.03M -159.55M
Change In Cash -63.06M -17.63M 58.45M 122.02M
Effect Of Exchange Rate 617k -171k -2.07M -14.25M
Total Cash From Operating Activities -3.26M 57.08M 37.57M -25.52M
Depreciation 25.53M 36.68M 48.57M 48.99M
Change To Account Receivables -67.1M -76.95M -13.16M -10.73M
Other Cashflows From Financing Activities -281k -730k -730k -10.71M
Change To Netincome 861k 28.75M 10.12M 23.64M
Capital Expenditures -52.69M -74.41M -65.67M -37.12M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 8M 1M 1M 1M
Income Before Tax 2.25M 7.41M -7.74M -132.79M
Net Income 5.28M -15.71M -19.03M -159.55M
Selling General Administrative 35.54M 38.92M 32.5M 28.25M
Gross Profit 147.55M 145.88M 108.7M 19.25M
Ebit 29.3M 37.93M 30.6M -60.83M
Operating Income 29.3M 37.93M 30.6M -60.83M
Interest Expense -10.42M -8.02M -10.4M -13.62M
Income Tax Expense -3.03M 23.11M 11.28M 26.76M
Total Revenue 1.03B 1.44B 1.67B 1.73B
Cost Of Revenue 882.08M 1.29B 1.56B 1.71B
Total Other Income ExpenseNet -27.05M -30.52M -38.35M -71.96M
Net Income From Continuing Ops 5.28M -15.71M -19.03M -159.55M
Net Income Applicable To Common Shares 5.28M -15.71M -19.03M -165.59M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 383.9M 621.63M 755.22M 634.77M
Total Stockholder Equity 220.96M 205.05M 201.03M 121.95M
Other Current Liabilities 43.91M 50.77M 53.56M 44.35M
Total Assets 604.86M 826.68M 956.26M 1.01B
Common Stock 347k 353k 368k 374k
Other Current Assets 3.56M 2M 6.51M 20.17M
Retained Earnings -74.98M -90.69M -109.72M -269.26M
Treasury Stock -16.18M -27.52M -39.09M -60.6M
Cash 85.35M 70.28M 129.86M 242.16M
Total Current Liabilities 270.04M 373.88M 406.11M 469.11M
Other Stockholder Equity -14.39M -23.61M -32.99M -54.01M
Property, Plant, and Equipment 159.42M 327.36M 367.83M 306.77M
Total Current Assets 414.2M 468.42M 548.16M 660.27M
Net Tangible Assets 214.8M 199.53M 195.36M 118.17M
Net Receivables 304.68M 373.21M 368.66M 365.8M
Accounts Payable 199.08M 292.98M 293.9M 335.64M


Insider Transactions

Here are the insider transactions of stock shares related to TPI Composites Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BAM PARTNERS TRUSTSale at price 18.85 per share.I2022-09-08Trustee3.96M
OPPS TPIC HOLDINGS, LLCSale at price 18.85 per share.I2022-09-08Beneficial Owner of more than 10% of a Class of Security3.96M
LOCKARD STEVEN C.Sale at price 18.47 - 19.00 per share.I2022-08-31Director139.55k
OPPS TPIC HOLDINGS, LLCSale at price 18.59 per share.I2022-08-31Beneficial Owner of more than 10% of a Class of Security2.51k
OPPS TPIC HOLDINGS, LLCConversion of Exercise of derivative security at price 0.01 per share.I2022-08-31Beneficial Owner of more than 10% of a Class of Security4.67M
LOCKARD STEVEN C.Stock Gift at price 0.00 per share.I2022-08-30Director3k
GIOVACCHINI PAUL GD2022-05-25Director2.33k
HUDSON LINDA PD2022-05-25Director2.33k
WEISS DANIEL GD2022-05-25Director2.33k
DEUTCH PHILIP JD2022-05-25Director2.33k
HENRY JACK AD2022-05-25Director2.33k
HUGHES JAMES ALTOND2022-05-25Director2.33k
LOCKARD STEVEN C.I2022-05-25Director2.33k
DESAI JAYSHREE SD2022-05-25Director2.33k
JORDAN TYRONE MICHAELD2022-05-25Director2.33k
HOLLOWAY BAVAND2022-05-25Director2.33k
SIWEK WILLIAM E.D2022-05-16Chief Executive Officer4.54k
GOPALAKRISHNAN RAMESHD2022-05-16Officer3.03k
SIWEK WILLIAM E.D2022-03-07Chief Executive Officer9.33k
LOCKARD STEVEN C.I2022-03-07Director23.26k
FISHBACH STEVEN GD2022-03-07General Counsel4.1k
GOPALAKRISHNAN RAMESHD2022-03-07Officer2.56k
SIWEK WILLIAM E.D2021-12-31Chief Executive Officer23.96k
LOCKARD STEVEN C.I2021-12-31Director59.74k
FISHBACH STEVEN GD2021-12-31General Counsel10.53k
GOPALAKRISHNAN RAMESHD2021-12-31President6.58k
WEISS DANIEL GPurchase at price 14.40 - 15.29 per share.I2021-12-15Director100k
HUGHES JAMES ALTONPurchase at price 14.53 per share.D2021-12-15Director3k
SIWEK WILLIAM E.Purchase at price 14.68 per share.D2021-12-15Chief Executive Officer1.34k
LOCKARD STEVEN C.Purchase at price 14.49 per share.I2021-12-15Director3k
WEISS DANIEL GSale at price 45.91 per share.I2021-06-14Director5k
WEISS DANIEL GSale at price 45.62 - 46.94 per share.I2021-06-09Director20k
GOPALAKRISHNAN RAMESHSale at price 45.68 per share.D2021-06-08Officer1.4k
HUGHES JAMES ALTONSale at price 44.87 - 46.75 per share.D2021-06-03Director13.64k
GOPALAKRISHNAN RAMESHSale at price 45.25 per share.D2021-06-03Officer6.39k
CASTLE THOMAS JSale at price 49.15 - 49.51 per share.D2021-05-27Officer50k
CASTLE THOMAS JConversion of Exercise of derivative security at price 16.53 per share.D2021-05-27Officer50k
GIOVACCHINI PAUL GD2021-05-18Director4.36k
HUDSON LINDA PD2021-05-18Director3.09k
WEISS DANIEL GD2021-05-18Director4.36k
DEUTCH PHILIP JD2021-05-18Director4.36k
HENRY JACK AD2021-05-18Director4.36k
HUGHES JAMES ALTOND2021-05-18Director4.36k
SIWEK WILLIAM E.Sale at price 44.41 per share.D2021-05-18Chief Executive Officer2.13k
DESAI JAYSHREE SD2021-05-18Director4.36k
JORDAN TYRONE MICHAELD2021-05-18Director4.36k
GOPALAKRISHNAN RAMESHSale at price 44.41 per share.D2021-05-18Officer1.42k
HOLLOWAY BAVAND2021-05-18Director1.78k
SIWEK WILLIAM E.D2021-05-14Chief Executive Officer4.54k
GOPALAKRISHNAN RAMESHD2021-05-14Officer3.03k
LOCKARD STEVEN C.Sale at price 43.20 - 45.44 per share.D2021-05-12Director225.13k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to TPI Composites Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on TPI Composites Inc

Here is the result of two systematic investment strategies applied to TPI Composites Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on TPI Composites Inc

The following chart shows the equity curve of the two systematic investment strategies applied to TPI Composites Inc:

TPI Composites Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 34.06% on the backtest period.

Performance at glance

Performance

34.06 %

Latent gain

788.21 $

Invested capital

2314.09 $

Annualized return

8.23 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on TPI Composites Inc

This is the result of two momentum investment strategies applied to TPI Composites Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on TPI Composites Inc

The following chart shows all the entries opened by the momentum investment system on TPI Composites Inc:

TPI Composites Inc momentum entries
  • The first momentum investment strategy would give 36.27% of return on TPI Composites Inc. That represents 1458.66$ of latent gain with 4022.07$ of employed capital.
  • The second momentum investment strategy would give 46.25% of return on TPI Composites Inc. That represents 1155.53$ of latent gain with 2498.29$ of employed capital.
Performance at glance (1Q Momentum)

Performance

36.27 %

Latent gain

1458.66 $

Invested capital

4022.07 $

Annualized return

23.59 %
Performance at glance (2Q Momentum)

Performance

46.25 %

Latent gain

1155.53 $

Invested capital

2498.29 $

Annualized return

12.64 %

Momentum equity curve on TPI Composites Inc

The following chart shows the equity curve of the two momentum strategies applied to TPI Composites Inc:

TPI Composites Inc momentum equity

Note: the dividends potentially given by TPI Composites Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TPI Composites Inc

The following chart shows the employed capital evolution of the two momentum strategies on TPI Composites Inc since the beginning:

TPI Composites Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on TPI Composites Inc

Buy the dip entry openings on TPI Composites Inc

TPI Composites Inc

The performance achieved by the robo-advisor on TPI Composites Inc is 50.49%. That represents 520.44$ of latent gain with 1030.71$ of employed capital. The following chart shows TPI Composites Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of TPI Composites Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

50.49 %

Latent gain

520.44 $

Invested capital

1030.71 $

Annualized return

23.59 %

Equity curve of the strategy applied to TPI Composites Inc

The following chart shows the result of the investment strategy applied to TPI Composites Inc:

TPI Composites Inc

Note: the dividends potentially given by TPI Composites Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TPI Composites Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on TPI Composites Inc:

TPI Composites Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on TPI Composites Inc

In this section, I will compare the three previous investment strategies applied to TPI Composites Inc.

Equity curve comparison on TPI Composites Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

TPI Composites Inc investment strategy comparison

Employed capital comparison on TPI Composites Inc

TPI Composites Inc investment comparison

Performance comparison on TPI Composites Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 34.06% 788.21$ 2314.09$ 8.23%
Momentum 1 quarter 36.27% 1458.66$ 4022.07$ 9.3%
Momentum 2 quarters 46.25% 1155.53$ 2498.29$ 12.64%
Non-directional 50.49% 520.44$ 1030.71$ 23.59%
Annualized return comparison

Automatic investment

8.23 %

Momentum 1Q

12.64 %

Momentum 2Q

12.64 %

Non-directional

23.59 %

Correlated stocks

Here are the most positively and negatively correlated stocks with TPI Composites Inc:

Positive correlations

Most correlated stocks this year

  • TPI Composites Inc

  • Most correlated stocks last 3 months

  • Columbia Research Enhanced Core ETF
  • Educational Development Corp
  • SLEEP COUNTRY CANADA HOLDINGS INC
  • Renaissance IPO ETF
  • iShares Russell 2000 Growth ETF
  • SPDR S&P Kensho New Economies Composite ETF
  • CAPITAL LINK GLOBAL FINTECH LEADERS ETF
  • iShares Global Tech ETF
  • iShares Russell 1000 Growth ETF
  • iShares MSCI Intl Momentum Factor ET
  • IQ Hedge Long/Short Tracker ETF
  • iShares Expanded Tech Sector ETF
  • iShares U.S. Technology ETF
  • iShares S&P 500 Growth ETF
  • iShares Russell Top 200 Growth ETF
  • Vanguard Mega Cap Growth ETF
  • SPDR S&P 1500 Momentum Tilt ETF
  • Wingstop Inc
  • KKR & Co. Inc
  • SPDR Bloomberg Investment Grade Floating Rate ETF
  • CANACCORD GENUITY GROUP INC
  • Renaissance International IPO ETF
  • VanEck IG Floating Rate ETF
  • Defiance Quantum ETF
  • SPDR MSCI World StrategicFactors SM ETF
  • Techtarget Inc
  • HORIZONS NASDAQ 100 INDEX ETF
  • IQ Hedge Event-Driven Tracker ETF
  • PRIMO WATER CORPORATION
  • Tractor Supply Company
  • REAL MATTERS INC
  • Pool Corporation
  • RIVERSTONE
  • Celsius Holdings Inc
  • Sunrun Inc
  • TPI Composites Inc
  • ARK Next Generation Internet ETF
  • Globant S.A.
  • Veeva Systems Inc - Class A
  • Direxion Daily Pharmaceutical & Medical Bull 3X Sh
  • Invesco Dynamic Pharmaceuticals ETF
  • NORTHLAND POWER INC.
  • Redfin Corp
  • Invesco Dynamic Large Cap Growth ETF
  • FlexShares Quality Dividend Defensive Index Fund
  • Invesco Global Listed Private Equity ETF
  • Invesco Dynamic Semiconductors ETF
  • Xtrackers Russell 1000 US Quality at a Reasonable
  • Direxion NASDAQ-100 Equal Weighted Index Shares
  • Direxion Daily Technology Bull 3X Shares
  • BETAPRO NASDAQ 100 2X DAILY BULL ETF
  • SPDR MSCI USA StrategicFactors SM ETF
  • Genmab

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • CH INNOVATION
  • Direxion Daily Technology Bear -3X Shares
  • Bank of Montreal

  • Note: The algorithm computes the probability of correlation between TPI Composites Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of TPI Composites Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name TPI Composites Inc
    Country United States
    City Scottsdale
    Address Gainey Center II
    Phone 480 305 8910
    Website www.tpicomposites.com
    FullTime employees 14000
    Industry Specialty Industrial Machinery
    Sector Industrials
    Exchange XNAS
    Ticker TPIC
    Market www.nasdaq.com

    TPI Composites Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown