TITN Stock Analysis: Titan Machinery | NASDAQ
Industrial Distribution | NASDAQ, USA | Market Cap: 429m USD | 12M Return: -0.3% | US88830R1014 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.40M
Qual. Beats: 0
Rev. Trend: -72.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Titan Machinery Inc. (NASDAQ: TITN) is a small-cap industrial distributor that owns and operates a full-service network of agricultural and construction equipment stores across the United States, Europe, and Australia. The company reports through four segments: Agriculture, Construction, Europe, and Australia, with a U.S. footprint concentrated in the Midwest and Plains states (Colorado, Idaho, Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming), which represent a major agricultural production region.
The companys business model centers on being an authorized dealer of the CNH Industrial family of brands (which includes names such as Case IH and New Holland), complemented by equipment from other manufacturers. As a dealer-distributor, TITN generates revenue across multiple streams: new and used equipment sales, equipment rentals, parts sales, repair and maintenance services (including warranty work and on-site service), and ancillary offerings such as GPS/precision farming subscriptions, farm data management products, equipment transportation, and finance and insurance products.
In addition to agricultural machinery for crop production, renewable energy feedstocks, and property maintenance, TITN supplies heavy and light construction equipment for commercial, residential, and road/highway projects. Founded in 1980 and headquartered in West Fargo, North Dakota, the company has expanded internationally into Bulgaria, Germany, Romania, and Ukraine, as well as three Australian states (New South Wales, South Australia, and Victoria), giving it geographic diversification within the cyclical capital equipment distribution sector.
- US farm income decline pressures Agriculture segment equipment demand
- Ukraine war disruption weighs on Europe segment revenue and margins
- Used equipment inventory levels pressure gross margins across segments
| Net Income: -56.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.48 > 1.0 |
| NWC/Revenue: 12.27% < 20% (prev 12.21%; Δ 0.06% < -1%) |
| CFO/TA 0.04 > 3% & CFO 62.5m > Net Income -56.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.9m) vs 12m ago 0.62% < -2% |
| Gross Margin: 16.47% > 18% (prev 13.41%; Δ 3.06% > 0.5%) |
| Asset Turnover: 131.5% > 50% (prev 137.4%; Δ -5.93% > 0%) |
| Interest Coverage Ratio: -0.84 > 6 (EBIT TTM -19.4m / Interest Expense TTM 23.0m) |
| A: 0.17 (Total Current Assets 1.10b - Total Current Liabilities 817.7m) / Total Assets 1.63b |
| B: 0.17 (Retained Earnings 284.4m / Total Assets 1.63b) |
| C: -0.01 (EBIT TTM -19.4m / Avg Total Assets 1.75b) |
| D: 2.20 (Book Value of Equity 557.8m / Total Liabilities 253.0m) |
| Altman-Z'' = 3.95 = AA |
| DSRI: 0.99 (Receivables 113.2m/127.6m, Revenue 2.31b/2.58b) |
| GMI: 0.81 (GM 13.41% / 16.47%) |
| AQI: 1.10 (AQ_t 0.07 / AQ_t-1 0.07) |
| SGI: 0.89 (Revenue 2.31b / 2.58b) |
| TATA: -0.07 (NI -56.7m - CFO 62.5m) / TA 1.63b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of September 01, 2026, the stock is trading at USD 20.57 with a total of 759,836 shares traded. Over the past week, the price has changed by +7.92%, over one month by +21.07%, over three months by -6.67% and over the past year by -0.34%.
Current recommended Stop Loss: 19.20 (which is 6.7% or 1.2 ATR below the current price).
Titan Machinery has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy TITN.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23 | 11.8% |
P/E Forward = 44.0529
P/S = 0.1822
P/B = 0.7742
P/EG = 1.7656
Revenue TTM = 2.31b USD
EBIT TTM = -19.4m USD
EBITDA TTM = -122k USD
Long Term Debt = 158.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 29.9m USD (from shortTermDebt, last quarter)
Debt = 281.2m USD (corrected: LT Debt 158.6m + ST Debt 29.9m) + Leases 92.7m
Net Debt = 251.7m USD (calculated: Debt 281.2m - CCE 29.5m)
Enterprise Value = 680.9m USD (429.2m + Debt 281.2m - CCE 29.5m)
Interest Coverage Ratio = -0.84 (Ebit TTM -19.4m / Interest Expense TTM 23.0m)
EV/FCF = 13.70x (Enterprise Value 680.9m / FCF TTM 49.7m)
FCF Yield = 7.30% (FCF TTM 49.7m / Enterprise Value 680.9m)
FCF Margin = 2.16% (FCF TTM 49.7m / Revenue TTM 2.31b)
Net Margin = -2.46% (Net Income TTM -56.7m / Revenue TTM 2.31b)
Gross Margin = 16.47% ((Revenue TTM 2.31b - Cost of Revenue TTM 1.93b) / Revenue TTM)
Gross Margin QoQ = 18.61% (prev 17.09%)
Tobins Q-Ratio = 0.42 (Enterprise Value 680.9m / Total Assets 1.63b)
Interest Expense / Debt = 8.17% (Interest Expense 23.0m / Debt 281.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -15.3m (EBIT -19.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.35 (Total Current Assets 1.10b / Total Current Liabilities 817.7m)
Debt / Equity = 0.50 (Debt 281.2m / totalStockholderEquity, last quarter 557.8m)
Debt / EBITDA = -2.06k (out of range, set to none) (Net Debt 251.7m / EBITDA -122k)
Debt / FCF = 5.07 (Net Debt 251.7m / FCF TTM 49.7m)
Total Stockholder Equity = 579.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.24% (Net Income -56.7m / Total Assets 1.63b)
RoE = -9.80% (Net Income TTM -56.7m / Total Stockholder Equity 579.1m)
RoCE = -2.62% (EBIT -19.4m / Capital Employed (Equity 579.1m + L.T.Debt 158.6m))
RoIC = -1.89% (negative operating profit) (NOPAT -15.3m / Invested Capital 811.3m)
WACC = 10.12% (E(429.2m)/V(710.4m) * Re(12.53%) + D(281.2m)/V(710.4m) * Rd(8.17%) * (1-Tc(0.21)))
Discount Rate = 12.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.34 | Cagr: 0.71%
[DCF] Terminal Value 66.77% ; FCFF base≈78.8m ; Y1≈69.1m ; Y5≈55.9m
[DCF] Fair Price = 19.01 (EV 694.6m - Net Debt 251.7m = Equity 442.9m / Shares 23.3m; r=10.12% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.12 | # QB: 0
Revenue Correlation: -72.54 | Revenue CAGR: -5.52% | SUE: 0.26 | # QB: 0
EPS current Quarter (2026-10-31): EPS=0.01 | Chg30d=N/A | Revisions=-29% | Analysts=4
EPS current Year (2027-01-31): EPS=-1.45 | Chg30d=-23.50% | Revisions=+17% | GrowthEPS=+34.9% | GrowthRev=-13.0%
EPS next Year (2028-01-31): EPS=-0.33 | Chg30d=-81.83% | Revisions=-25% | GrowthEPS=+76.9% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -18% (up=3, down=5)