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Thermon Group Holdings

DB:8TG
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8TG
DB
$496M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The last earnings update was 55 days ago. More info.


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  • Thermon Group Holdings has significant price volatility in the past 3 months.
8TG Share Price and Events
7 Day Returns
-3.7%
DB:8TG
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-40.4%
DB:8TG
-8.2%
DE Electrical
-17.5%
DE Market
8TG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thermon Group Holdings (8TG) -3.7% -18.1% -44.5% -40.4% -31.1% -41.6%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 8TG underperformed the Electrical industry which returned -8.2% over the past year.
  • 8TG underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
8TG
Industry
5yr Volatility vs Market
Related Companies

8TG Value

 Is Thermon Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thermon Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thermon Group Holdings.

DB:8TG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:8TG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (38.96%))
1.31
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.31 * 5.44%)
6.74%

Discounted Cash Flow Calculation for DB:8TG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thermon Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:8TG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.74%)
2020 58.53 Analyst x3 54.84
2021 42.77 Analyst x3 37.54
2022 37.30 Analyst x2 30.67
2023 33.97 Est @ -8.92% 26.18
2024 31.81 Est @ -6.36% 22.96
2025 30.36 Est @ -4.57% 20.53
2026 29.35 Est @ -3.31% 18.60
2027 28.64 Est @ -2.44% 17.00
2028 28.12 Est @ -1.82% 15.64
2029 27.73 Est @ -1.39% 14.45
Present value of next 10 years cash flows $258.00
DB:8TG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $27.73 × (1 + -0.39%) ÷ (6.74% – -0.39%)
$387.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $387.55 ÷ (1 + 6.74%)10
$201.94
DB:8TG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $258.00 + $201.94
$459.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $459.94 / 32.88
$13.99
DB:8TG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8TG represents 0.86928x of NYSE:THR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86928x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 13.99 x 0.86928
€12.16
Value per share (EUR) From above. €12.16
Current discount Discount to share price of €13.10
= -1 x (€13.10 - €12.16) / €12.16
-7.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Thermon Group Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thermon Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thermon Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8TG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.66
NYSE:THR Share Price ** NYSE (2020-03-31) in USD $15.07
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thermon Group Holdings.

DB:8TG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:THR Share Price ÷ EPS (both in USD)

= 15.07 ÷ 0.66

22.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thermon Group Holdings is overvalued based on earnings compared to the DE Electrical industry average.
  • Thermon Group Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Thermon Group Holdings's expected growth come at a high price?
Raw Data
DB:8TG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
28%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:8TG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.73x ÷ 28%

0.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thermon Group Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Thermon Group Holdings's assets?
Raw Data
DB:8TG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.22
NYSE:THR Share Price * NYSE (2020-03-31) in USD $15.07
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:8TG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:THR Share Price ÷ Book Value per Share (both in USD)

= 15.07 ÷ 11.22

1.34x

* Primary Listing of Thermon Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thermon Group Holdings is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Thermon Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Thermon Group Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8TG Future Performance

 How is Thermon Group Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thermon Group Holdings expected to grow at an attractive rate?
  • Thermon Group Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Thermon Group Holdings's earnings growth is expected to exceed the Germany market average.
  • Thermon Group Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8TG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8TG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 28%
DB:8TG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -3.8%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8TG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8TG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 354 49 32 1
2021-03-31 383 56 30 4
2020-04-01
2020-03-31 386 74 19 4
DB:8TG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 409 66 22
2019-09-30 428 51 25
2019-06-30 415 31 21
2019-03-31 413 23 23
2018-12-31 401 21 22
2018-09-30 374 12 13
2018-06-30 346 13 14
2018-03-31 309 23 12
2017-12-31 274 25 9
2017-09-30 245 37 14
2017-06-30 252 39 13
2017-03-31 264 26 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thermon Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Thermon Group Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8TG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Thermon Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8TG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.98 0.98 0.98 1.00
2021-03-31 0.88 1.01 0.66 3.00
2020-04-01
2020-03-31 0.56 0.61 0.49 3.00
DB:8TG Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.66
2019-09-30 0.76
2019-06-30 0.65
2019-03-31 0.70
2018-12-31 0.68
2018-09-30 0.40
2018-06-30 0.45
2018-03-31 0.37
2017-12-31 0.28
2017-09-30 0.43
2017-06-30 0.39
2017-03-31 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thermon Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Thermon Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thermon Group Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8TG Past Performance

  How has Thermon Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thermon Group Holdings's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thermon Group Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Thermon Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Thermon Group Holdings's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Thermon Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thermon Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8TG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 409.35 21.67 109.05
2019-09-30 428.23 24.87 110.61
2019-06-30 415.45 21.19 108.67
2019-03-31 412.64 22.76 106.66
2018-12-31 400.99 22.05 107.25
2018-09-30 374.30 12.93 102.59
2018-06-30 345.78 14.48 96.92
2018-03-31 308.61 11.91 90.52
2017-12-31 273.61 9.11 83.32
2017-09-30 245.29 13.87 78.22
2017-06-30 252.47 12.59 77.92
2017-03-31 264.13 14.64 77.72
2016-12-31 268.89 14.59 77.02
2016-09-30 278.98 17.72 77.56
2016-06-30 280.10 21.11 75.05
2016-03-31 281.93 23.01 74.45
2015-12-31 283.84 30.31 73.98
2015-09-30 297.04 37.43 74.71
2015-06-30 306.13 42.28 77.01
2015-03-31 308.58 49.39 76.87
2014-12-31 301.80 48.47 73.63
2014-09-30 285.64 45.45 69.51
2014-06-30 279.39 44.27 67.63
2014-03-31 277.32 25.80 65.46
2013-12-31 281.52 21.87 67.05
2013-09-30 286.88 17.02 68.42
2013-06-30 281.95 13.44 64.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thermon Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Thermon Group Holdings used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Thermon Group Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Thermon Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thermon Group Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8TG Health

 How is Thermon Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thermon Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thermon Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thermon Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thermon Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thermon Group Holdings Company Filings, last reported 3 months ago.

DB:8TG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 369.04 176.96 37.05
2019-09-30 354.31 199.26 39.01
2019-06-30 355.14 214.44 35.27
2019-03-31 348.95 211.45 31.40
2018-12-31 337.75 219.39 30.19
2018-09-30 337.14 221.98 28.48
2018-06-30 336.62 222.23 31.27
2018-03-31 340.85 217.03 34.90
2017-12-31 335.89 240.91 52.20
2017-09-30 332.87 70.51 88.44
2017-06-30 319.50 75.50 87.51
2017-03-31 312.50 80.48 87.63
2016-12-31 304.28 83.77 78.99
2016-09-30 305.65 87.05 76.57
2016-06-30 301.88 90.33 72.56
2016-03-31 298.70 93.61 84.57
2015-12-31 284.32 102.88 79.10
2015-09-30 280.47 106.25 61.67
2015-06-30 282.71 104.63 79.36
2015-03-31 271.77 106.78 93.77
2014-12-31 278.06 111.38 90.29
2014-09-30 270.32 114.75 82.40
2014-06-30 268.61 118.13 77.26
2014-03-31 250.47 121.50 72.75
2013-12-31 244.17 124.88 67.43
2013-09-30 232.12 128.25 53.37
2013-06-30 215.92 131.63 45.58
  • Thermon Group Holdings's level of debt (48%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40% vs 48% today).
  • Debt is well covered by operating cash flow (37.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Thermon Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thermon Group Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8TG Dividends

 What is Thermon Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Thermon Group Holdings dividends.
If you bought €2,000 of Thermon Group Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Thermon Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thermon Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8TG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8TG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-04-01
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Thermon Group Holdings has not reported any payouts.
  • Unable to verify if Thermon Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thermon Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thermon Group Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Thermon Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thermon Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thermon Group Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8TG Management

 What is the CEO of Thermon Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Thames
COMPENSATION $3,114,461
AGE 56
TENURE AS CEO 4 years
CEO Bio

Mr. Bruce A. Thames has been the Chief Executive Officer and President of Thermon Group Holdings, Inc. since April 1, 2016. Mr. Thames served as the Chief Operating Officer and an Executive Vice President at Thermon Group Holdings since joining it on April 27, 2015 until April 1, 2016. Mr. Thames served as the Chief Operating Officer and Senior Vice President at T.D.Williamson, Inc. since 2012. Mr. Thames has extensive leadership skills, international acumen, product innovation and industry knowledge. He has over 25 years experience in engineering, marketing and operations management with companies such as Dresser, COOPER Industries, Texas Instruments and United Gas and Pipeline Company. Mr. Thames began his career with Cooper Industries (formerly Intool), where he spent twelve years in various roles within the product engineering, marketing and operations groups. Mr. Thames then joined GE Energy (formerly Dresser Flow Solutions) ("Dresser") and served primarily as the Director of North American Operations and Product Director for Ball Valves globally for Dresser's Valve Group during his tenure from 2002 to 2005. He served as a Vice President of Eastern Hemisphere at T.D.Williamson, Inc. since 2010 to 2012 and also served as its Vice President of North American Business Unit since joining it in 2005 until 2010. He has been a Director of Thermon Group Holdings, Inc. since April 1, 2016. He received his Bachelor of Science Degree in Mechanical Engineering from the University of Texas in 1987.

CEO Compensation
  • Bruce's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Bruce's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Thermon Group Holdings management team in years:

3.3
Average Tenure
51
Average Age
  • The tenure for the Thermon Group Holdings management team is about average.
Management Team

Bruce Thames

TITLE
President
COMPENSATION
$3M
AGE
56
TENURE
4 yrs

Jay Peterson

TITLE
CFO, Senior VP of Finance
COMPENSATION
$1M
AGE
62
TENURE
9.8 yrs

René van der Salm

TITLE
Senior Vice President of Global Operations
COMPENSATION
$1M
AGE
55
TENURE
9 yrs

Tom Cerovski

TITLE
Senior Vice President of Global Sales
COMPENSATION
$487K
AGE
47
TENURE
1.3 yrs

Eric Reitler

TITLE
Consultant
COMPENSATION
$730K
AGE
51
TENURE
1.3 yrs

Ryan Tarkington

TITLE
General Counsel & Corporate Secretary
AGE
38

Kevin Fox

TITLE
Vice President of Corporate Development
TENURE
1.1 yrs

Jim Pribble

TITLE
Senior Vice President of Thermon Heating Systems
AGE
44
TENURE
1.3 yrs

David Buntin

TITLE
Senior Vice President of Thermon Heat Tracing
AGE
49
TENURE
3.3 yrs

Mark Roberts

TITLE
Senior Vice President of Global Engineering & Project Services
AGE
58
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Thermon Group Holdings board of directors in years:

4
Average Tenure
66
Average Age
  • The tenure for the Thermon Group Holdings board of directors is about average.
Board of Directors

John Nesser

TITLE
Non-Executive Chairperson
COMPENSATION
$126K
AGE
70
TENURE
0.8 yrs

Bruce Thames

TITLE
President
COMPENSATION
$3M
AGE
56
TENURE
4 yrs

Michael Press

TITLE
Independent Director
COMPENSATION
$125K
AGE
72
TENURE
8.9 yrs

Kevin McGinty

TITLE
Independent Director
COMPENSATION
$118K
AGE
70
TENURE
7.8 yrs

Marcus George

TITLE
Independent Director
COMPENSATION
$118K
AGE
49
TENURE
10 yrs

Linda Dalgetty

TITLE
Independent Director
COMPENSATION
$112K
AGE
57
TENURE
1.9 yrs

Chuck Sorrentino

TITLE
Independent Director
COMPENSATION
$170K
AGE
74
TENURE
10 yrs

John Clarke

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs

Roger Fix

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Sep 19 Buy James Pribble Individual 03. Sep 19 03. Sep 19 1,400 €19.47 €27,260
14. Aug 19 Buy John Clarke Individual 14. Aug 19 14. Aug 19 5,000 €19.27 €96,336
12. Aug 19 Buy Roger Fix Individual 12. Aug 19 12. Aug 19 2,250 €19.69 €44,300
14. Jun 19 Buy John Nesser Individual 14. Jun 19 14. Jun 19 356 €21.16 €7,534
X
Management checks
We assess Thermon Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thermon Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8TG News

Simply Wall St News

8TG Company Info

Description

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as related product lines. The company offers self-regulating and power limiting heating cables that automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures that is primarily used in harsh environments; skin effect trace heater; and heat traced tube bundles for environmental gas sampling systems. It also provides heat transfer compounds and steam tracers for comprehensive steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers, and instrument sampling systems; and turnkey solutions that provide customers with solutions for heat tracing, including design, optimization, installation, and ongoing maintenance. In addition, the company offers explosion-proof gas catalytic heaters, convection heaters designed for rugged industrial applications, electric heaters engineered for industrial processes and environments, advanced gas and liquid filtration systems, and heat transfer systems for rail track and switch equipment. Further, it provides heating, sensing, monitoring, and controlling tools; and equipment for temporary electric power distribution and lighting products used in energy infrastructure construction projects and maintenance/turnaround projects. The company offers its solutions to the oil and gas, chemical processing, and power generation markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. is headquartered in Austin, Texas.

Details
Name: Thermon Group Holdings, Inc.
8TG
Exchange: DB
Founded:
$450,972,610
32,884,824
Website: http://www.thermon.com
Address: Thermon Group Holdings, Inc.
7171 Southwest Parkway,
Building 300,
Austin,
Texas, 78735,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE THR Common Stock New York Stock Exchange US USD 05. May 2011
DB 8TG Common Stock Deutsche Boerse AG DE EUR 05. May 2011
Number of employees
Current staff
Staff numbers
1,465
Thermon Group Holdings employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:09
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.