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Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in West Chicago, Illinois.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Titan International manufactures tires, wheels and wheel assemblies for agricultural, construction and consumer off-highway applications and provides related services globally. Long-term growth could be supported by replacement aftermarket demand, specialization in large off-highway tires and modest equipment fleet replacement cycles, which may make the company attractive to investors seeking exposure to agricultural and construction supply chains.
Material risks include cyclicality of agricultural and construction end markets, sensitivity to commodity input and freight costs, competition from larger global tire makers and execution and leverage pressures inherent in capital-intensive manufacturing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 202.35M | 51.04M | -58.13M | -48.04M | 19.81M |
| Minority interest | -2.88M | -0.30M | 4.69M | 3.09M | 3.04M |
| Net income | 176.30M | 49.59M | -65.08M | -51.52M | 16.09M |
| Selling general administrative | 132.79M | 131.77M | 130.94M | 137.70M | 134.79M |
| Gross profit | 360.71M | 237.54M | 114.32M | 129.00M | 198.27M |
| Reconciled depreciation | 42.75M | 47.99M | 54.66M | 54.38M | 57.62M |
| Ebit | 205.80M | 85.17M | -16.55M | -18.91M | 61.44M |
| Ebitda | 273.97M | 135.25M | 38.10M | 35.47M | 119.06M |
| Depreciation and amortization | 68.17M | 50.08M | 54.66M | 54.38M | 57.62M |
| Non operating income net other | - | 12.02M | 8.66M | 4.00M | -11.18M |
| Operating income | 205.80M | 85.17M | -16.55M | -18.91M | 42.24M |
| Other operating expenses | 1963.58M | 1695.04M | 1294.66M | 1477.10M | 1560.16M |
| Interest expense | 29.80M | 32.22M | 30.55M | 33.14M | 30.46M |
| Tax provision | 23.17M | 1.15M | 6.95M | 3.48M | 6.76M |
| Interest income | 28.01M | 19.39M | 40.86M | 1.13M | 2.11M |
| Net interest income | -29.80M | -32.22M | -30.55M | -32.00M | -28.35M |
| Non recurring | - | 10.49M | 9.71M | 9.88M | 10.09M |
| Income tax expense | 23.17M | 1.15M | 6.95M | 3.48M | 6.76M |
| Total revenue | 2169.38M | 1780.21M | 1259.31M | 1448.67M | 1602.41M |
| Total operating expenses | 154.91M | 152.37M | 149.67M | 157.44M | 156.02M |
| Cost of revenue | 1808.67M | 1542.67M | 1144.99M | 1319.66M | 1404.14M |
| Total other income expense net | -3.45M | -34.13M | -41.58M | -29.14M | 8.02M |
| Net income from continuing ops | 179.19M | 52.19M | -51.19M | -44.57M | 26.57M |
| Net income applicable to common shares | 176.30M | 49.59M | -60.39M | -50.35M | 3.88M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1284.63M | 1182.68M | 1031.88M | 1114.31M | 1251.26M |
| Intangible assets | 7.08M | 8.20M | 12.77M | 20.57M | 19.36M |
| Other current assets | 86.07M | 67.40M | 54.48M | 58.87M | 60.23M |
| Total liab | 901.49M | 955.51M | 855.62M | 875.32M | 981.16M |
| Total stockholder equity | 381.24M | 229.30M | 179.26M | 234.85M | 279.05M |
| Deferred long term liab | 0.26M | 0.33M | 0.14M | 0.26M | 0.27M |
| Other current liab | 113.19M | 135.83M | 129.44M | 100.86M | 102.66M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 90.86M | -85.44M | -135.03M | -74.33M | -29.05M |
| Other liab | 34.72M | 52.25M | 67.32M | 62.46M | 76.71M |
| Other assets | 66.25M | 47.33M | 53.43M | 22.61M | 24.04M |
| Cash | 159.58M | 98.11M | 117.43M | 66.80M | 81.69M |
| Cash and equivalents | 159.58M | 98.11M | 117.43M | 66.80M | 81.69M |
| Total current liabilities | 446.16M | 450.81M | 329.71M | 327.15M | 375.07M |
| Current deferred revenue | 38.74M | 4.38M | 1.95M | 6.40M | 8.40M |
| Net debt | 286.04M | 386.84M | 347.27M | 437.80M | 379.77M |
| Short term debt | 30.86M | 32.50M | 31.12M | 61.25M | 51.88M |
| Short long term debt | 30.86M | 32.50M | 31.12M | 61.25M | 51.07M |
| Short long term debt total | 445.62M | 484.95M | 464.70M | 504.60M | 461.46M |
| Other stockholder equity | 542.13M | 561.22M | 531.54M | 527.84M | 511.67M |
| Property plant equipment | 305.54M | 322.05M | 319.85M | 374.80M | 384.87M |
| Total current assets | 909.63M | 813.30M | 658.60M | 644.26M | 779.48M |
| Long term investments | 6.95M | 6.52M | 5.60M | 38.95M | 51.22M |
| Net tangible assets | 379.63M | 229.30M | 204.26M | 259.85M | 398.86M |
| Short term investments | - | - | - | 2.03M | 0.00M |
| Net receivables | 266.76M | 255.18M | 193.01M | 185.24M | 241.83M |
| Long term debt | 414.76M | 452.45M | 433.58M | 443.35M | 407.24M |
| Inventory | 397.22M | 392.62M | 293.68M | 333.36M | 395.74M |
| Accounts payable | 263.38M | 278.10M | 167.21M | 158.65M | 212.13M |
| Noncontrolling interest in consolidated entity | - | -2.13M | -3.00M | 4.14M | -8.95M |
| Accumulated other comprehensive income | -251.75M | -246.48M | -217.25M | -218.65M | -203.57M |
| Retained earnings total equity | - | -85.44M | -135.03M | -74.33M | -29.05M |
| Treasury stock | - | -1.12M | -1.20M | -4.23M | -7.83M |
| Non currrent assets other | 16.70M | 15.77M | 8.12M | 9.47M | 13.46M |
| Non current assets total | 375.00M | 369.38M | 373.29M | 470.05M | 471.77M |
| Capital lease obligations | 6.26M | 17.53M | 24.67M | 24.09M | 3.15M |
| Long term debt total | 418.20M | 452.45M | 433.58M | 443.35M | 409.57M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -36.75M | -37.60M | 32.85M | 19.02M | -36.93M |
| Change to liabilities | -7.75M | 121.19M | 22.74M | -68.78M | 23.05M |
| Total cashflows from investing activities | -36.75M | -37.60M | 33.22M | -92.59M | -36.93M |
| Net borrowings | -35.80M | 14.97M | -34.75M | 33.33M | 18.74M |
| Total cash from financing activities | -61.31M | 13.95M | -38.56M | 32.12M | 17.54M |
| Change to operating activities | 29.48M | -17.78M | 12.04M | -15.52M | -24.74M |
| Net income | 179.19M | 49.89M | -65.08M | -51.52M | 13.04M |
| Change in cash | 61.47M | -19.32M | 50.63M | -14.89M | -61.88M |
| Begin period cash flow | 98.11M | 117.43M | 66.80M | 81.69M | 143.57M |
| End period cash flow | 159.58M | 98.11M | 117.43M | 66.80M | 81.69M |
| Total cash from operating activities | 160.68M | 10.73M | 57.23M | 45.44M | -36.18M |
| Depreciation | 42.75M | 47.99M | 54.66M | 54.38M | 57.62M |
| Other cashflows from investing activities | 10.22M | 1.20M | 13.39M | -75.20M | 2.07M |
| Dividends paid | 0.00M | 0.00M | -0.60M | -1.20M | 1.20M |
| Change to inventory | -19.60M | -112.85M | 37.75M | 63.65M | -77.92M |
| Change to account receivables | -27.20M | -74.74M | -15.24M | 56.83M | -36.09M |
| Sale purchase of stock | -25.00M | - | -1.25M | -1.08M | -0.56M |
| Other cashflows from financing activities | 86.80M | 494.89M | 88.43M | 134.23M | 57.29M |
| Change to netincome | -33.30M | -2.68M | 21.16M | -9.20M | 2.55M |
| Capital expenditures | 46.97M | 38.80M | 21.68M | 36.41M | 39.00M |
| Change receivables | - | -74.74M | -15.24M | 56.83M | -36.09M |
| Cash flows other operating | - | -20.97M | 1.24M | 0.07M | -18.43M |
| Exchange rate changes | - | -6.40M | -1.25M | 0.14M | -6.31M |
| Cash and cash equivalents changes | - | -19.32M | 50.63M | -14.89M | -61.88M |
| Change in working capital | -25.07M | -84.17M | 46.49M | 51.78M | -109.39M |
| Stock based compensation | 4.28M | 3.44M | 2.46M | 1.38M | 1.13M |
| Other non cash items | 14.96M | 7.76M | 21.70M | -8.28M | 3.71M |
| Free cash flow | 113.70M | -28.08M | 35.55M | 9.03M | -75.18M |
Sector: Industrials Industry: Farm & Heavy Construction Machinery
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TWI Titan International Inc |
-0.03 0.58% |
5.11 | 7.69 | 8.39 | 0.47 | 2.10 | 0.58 | 5.49 |
| CAT Caterpillar Inc |
-5.28 0.88% |
596.34 | 42.55 | 34.84 | 5.54 | 17.47 | 6.00 | 28.37 |
| DE Deere & Company |
-1.13 0.16% |
690.62 | 33.11 | 33.44 | 3.39 | 6.11 | 4.70 | 18.67 |
| PCAR PACCAR Inc |
-0.29 0.27% |
107.84 | 25.84 | 16.50 | 2.32 | 3.18 | 2.54 | 19.47 |
| VLVLY Volvo AB ADR |
-0.31 0.96% |
32.11 | 12.06 | 12.84 | 0.10 | 3.05 | 0.13 | 0.83 |
Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in West Chicago, Illinois.
| Name | Title | Year Born |
|---|---|---|
| Mr. Paul George Reitz | CEO, Pres & Director | 1972 |
| Mr. David A. Martin | Sr. VP & CFO | 1968 |
| Mr. Anthony C. Eheli | VP & Chief Accounting Officer | 1978 |
| Mr. Michael G. Troyanovich | Sec. & Gen. Counsel | 1958 |
| Mr. Todd A. Shoot | Sr. VP of Investor Relations & Treasurer | NA |
| Paul Hawkins | Sr. VP of Aftermarket Sales | NA |
| Cecilia Lamanna | Chief Exec. Officer of ITM Group | NA |
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