Technical Publications Service SpA
MIL:TPS

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Technical Publications Service SpA Logo
Technical Publications Service SpA
MIL:TPS
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Price: 7.85 EUR Market Closed
Market Cap: €57m

P/OCF

8.5
Current
12%
More Expensive
vs 3-y average of 7.6

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
8.5
=
Market Cap
€58.1m
/
Operating Cash Flow
€6.7m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
8.5
=
Market Cap
€58.1m
/
Operating Cash Flow
€6.7m

Valuation Scenarios

Technical Publications Service SpA is trading above its 3-year average

If P/OCF returns to its 3-Year Average (7.6), the stock would be worth €7 (11% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-23%
Maximum Upside
+161%
Average Upside
31%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 8.5 €7.85
0%
3-Year Average 7.6 €7
-11%
5-Year Average 6.5 €6.02
-23%
Industry Average 22.1 €20.47
+161%
Country Average 8.1 €7.53
-4%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
IT
Technical Publications Service SpA
MIL:TPS
57m EUR 8.5 14
US
RTX Corp
LSE:0R2N
233.6B USD 21 32.2
US
Raytheon Technologies Corp
NYSE:RTX
234.7B USD 21.1 32.3
US
Boeing Co
NYSE:BA
183.1B USD 73.2 95.2
NL
Airbus SE
PAR:AIR
130.6B EUR 16.3 25
FR
Safran SA
PAR:SAF
112.8B EUR 19.7 15.7
UK
Rolls-Royce Holdings PLC
LSE:RR
95.4B GBP 20.9 16.3
US
Lockheed Martin Corp
NYSE:LMT
117.6B USD 16 24.5
US
Howmet Aerospace Inc
NYSE:HWM
97.4B USD 51.7 64.7
US
General Dynamics Corp
NYSE:GD
84.7B USD 16.6 20.1
US
Northrop Grumman Corp
NYSE:NOC
81.7B USD 17.5 17.9

Market Distribution

In line with most companies in Italy
Percentile
51st
Based on 757 companies
51st percentile
8.5
Low
0.5 — 5.3
Typical Range
5.3 — 11.8
High
11.8 —
Distribution Statistics
Italy
Min 0.5
30th Percentile 5.3
Median 8.1
70th Percentile 11.8
Max 3 090.6

Technical Publications Service SpA
Glance View

TPS SpA engages in the implementation and management of technical and engineering services in the aeronautical, automotive, defense, railway, and naval sectors. The company is headquartered in Gallarate, Varese and currently employs 479 full-time employees. The company went IPO on 2017-03-28. The firm operates through four business units: Technical Authoring and Publishing, Creative, Engineering and Consulting. The Technical Authoring and Publishing unit creates technical documents for the aeronautical, motor vehicle and railway industrial areas during the prototyping stage. The Creative unit provides integrated media solutions for content production and distribution via traditional channels, Web, mobile phone and video. The Engineering unit specializes in the design of aeronautical medical systems and the personalization of kits for aerial surveys and video footage. The firm offers advisory services through its Consulting unit.

TPS Intrinsic Value
10.87 EUR
Undervaluation 28%
Intrinsic Value
Price €7.85
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