(TWI) Titan International - Overview
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: NYSE (USA) | Market Cap: 473m USD | Total Return: 0.1% in 12m
Avg Turnover: 4.02M
Qual. Beats: -2
Rev. Trend: -50.6%
Qual. Beats: 0
Warnings
High Debt/EBITDA (8.0) with thin interest coverage (0.5)
High Debt while negative Cash Flow
Interest Coverage Ratio 0.5 is critical
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Titan International, Inc. (TWI) designs and manufactures wheels, tires, and undercarriage systems specifically for the off-highway vehicle market. The company operates across three primary segments: Agricultural, Earthmoving/Construction, and Consumer. Its product portfolio supports a wide range of heavy machinery, including tractors, mining trucks, and forestry equipment, marketed under established brands such as Goodyear Farm Tire, Titan, and Carlstar.
The business model relies on a dual-channel distribution strategy, supplying components directly to original equipment manufacturers (OEMs) for new machinery while maintaining an extensive aftermarket network through independent distributors and dealers. As a specialist in the Agricultural & Farm Machinery sub-industry, Titan is highly sensitive to global commodity prices and farm net income trends, which dictate the replacement cycles and capital expenditure budgets of its primary end-users.
The company also provides specialized assembly services and produces bias tires for light trucks and outdoor power equipment. Investors may find it useful to examine the latest fundamental metrics for TWI on ValueRay to better understand its current valuation. Titan remains a key industrial player in the global supply chain for heavy-duty infrastructure and food production equipment.
- Global agricultural demand cycles dictate original equipment manufacturer sales volume
- Fluctuations in steel and rubber prices impact manufacturing gross margins
- Earthmoving and mining sector infrastructure spending drives undercarriage system demand
- Acquisition of Carlstar Group expands market share in outdoor power equipment
- Interest rate sensitivity affects farmer capital expenditure on high-horsepower machinery
| Net Income: -87.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -3.93 > 1.0 |
| NWC/Revenue: 31.02% < 20% (prev 30.81%; Δ 0.21% < -1%) |
| CFO/TA 0.01 > 3% & CFO 22.1m > Net Income -87.1m |
| Net Debt (690.0m) to EBITDA (86.6m): 7.97 < 3 |
| Current Ratio: 2.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.1m) vs 12m ago 1.25% < -2% |
| Gross Margin: 13.55% > 18% (prev 0.13%; Δ 1.34k% > 0.5%) |
| Asset Turnover: 107.2% > 50% (prev 107.7%; Δ -0.45% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 86.6m / Interest Expense TTM 39.1m) |
| A: 0.33 (Total Current Assets 1.05b - Total Current Liabilities 479.4m) / Total Assets 1.71b |
| B: 0.04 (Retained Earnings 76.4m / Total Assets 1.71b) |
| C: 0.01 (EBIT TTM 18.3m / Avg Total Assets 1.72b) |
| D: -0.11 (Book Value of Equity -128.9m / Total Liabilities 1.21b) |
| Altman-Z'' = 2.29 = BBB |
| DSRI: 1.05 (Receivables 338.5m/323.3m, Revenue 1.84b/1.85b) |
| GMI: 0.99 (GM 13.55% / 13.43%) |
| AQI: 0.89 (AQ_t 0.07 / AQ_t-1 0.08) |
| SGI: 0.99 (Revenue 1.84b / 1.85b) |
| TATA: -0.06 (NI -87.1m - CFO 22.1m) / TA 1.71b) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 7.26 with a total of 443,218 shares traded.
Over the past week, the price has changed by -2.02%,
over one month by -11.89%,
over three months by -26.67% and
over the past year by +0.14%.
Titan International has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy TWI.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.8 | 61.8% |
P/E Forward = 56.8182
P/S = 0.2567
P/B = 0.956
P/EG = 11.7
Revenue TTM = 1.84b USD
EBIT TTM = 18.3m USD
EBITDA TTM = 86.6m USD
Long Term Debt = 578.3m USD (from longTermDebt, last quarter)
Short Term Debt = 50.6m USD (from shortTermDebt, last quarter)
Debt = 861.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 122.7m
Net Debt = 690.0m USD (calculated: Debt 861.2m - CCE 171.3m)
Enterprise Value = 1.16b USD (473.1m + Debt 861.2m - CCE 171.3m)
Interest Coverage Ratio = 0.47 (Ebit TTM 18.3m / Interest Expense TTM 39.1m)
EV/FCF = -37.83x (Enterprise Value 1.16b / FCF TTM -30.7m)
FCF Yield = -2.64% (FCF TTM -30.7m / Enterprise Value 1.16b)
FCF Margin = -1.67% (FCF TTM -30.7m / Revenue TTM 1.84b)
Net Margin = -4.72% (Net Income TTM -87.1m / Revenue TTM 1.84b)
Gross Margin = 13.55% ((Revenue TTM 1.84b - Cost of Revenue TTM 1.59b) / Revenue TTM)
Gross Margin QoQ = 14.15% (prev 10.10%)
Tobins Q-Ratio = 0.68 (Enterprise Value 1.16b / Total Assets 1.71b)
Interest Expense / Debt = 4.54% (Interest Expense 39.1m / Debt 861.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = 14.4m (EBIT 18.3m * (1 - 21.00%))
Current Ratio = 2.19 (Total Current Assets 1.05b / Total Current Liabilities 479.4m)
Debt / Equity = 1.74 (Debt 861.2m / totalStockholderEquity, last quarter 494.9m)
Debt / EBITDA = 7.97 (Net Debt 690.0m / EBITDA 86.6m)
Debt / FCF = -22.44 (negative FCF - burning cash) (Net Debt 690.0m / FCF TTM -30.7m)
Total Stockholder Equity = 537.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.07% (Net Income -87.1m / Total Assets 1.71b)
RoE = -16.21% (Net Income TTM -87.1m / Total Stockholder Equity 537.2m)
RoCE = 1.64% (EBIT 18.3m / Capital Employed (Equity 537.2m + L.T.Debt 578.3m))
RoIC = 1.13% (NOPAT 14.4m / Invested Capital 1.27b)
WACC = 6.18% (E(473.1m)/V(1.33b) * Re(10.92%) + D(861.2m)/V(1.33b) * Rd(4.54%) * (1-Tc(0.21)))
Discount Rate = 10.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -8.99 | Cagr: 1.92%
[DCF] Fair Price = unknown (Cash Flow -30.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -3.70 | # QB: -2
Revenue Correlation: -50.61 | Revenue CAGR: -2.41% | SUE: 0.31 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.04 | Chg30d=-188.89% | Revisions=-33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=-86.21% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.13 | Chg30d=-381.56% | Revisions=-20% | GrowthEPS=+49.3% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=0.35 | Chg30d=+5.19% | Revisions=-20% | GrowthEPS=+380.3% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -33%