TITN - Titan Machinery Inc.
NASDAQ
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Industrials
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Industrial Distribution
West Fargo,
United States
Type: Equity
TITN price evolution
TITN
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $31.22 | $35.68 | $38.07 | $69.98 |
| Short term investments | ||||
| Net receivables | $131.78 | $134.14 | $153.66 | $129.4 |
| Inventory | $1527.76 | $1429.76 | $1303.03 | $1071.09 |
| Total current assets | $1709.1 | $1614.89 | $1519.02 | $1285.55 |
| Long term investments | ||||
| Property, plant & equipment | $394.99 | $356.33 | $353.47 | $307.99 |
| Goodwill & intangible assets | $114.3 | $114.28 | $117.46 | $49.41 |
| Total noncurrent assets | $511.45 | $472.78 | $473.25 | $364.19 |
| Total investments | ||||
| Total assets | $2220.55 | $2087.67 | $1992.26 | $1649.74 |
| Current liabilities | ||||
| Accounts payable | $1208.87 | $1072.63 | $937.69 | $743.63 |
| Deferred revenue | $57.8 | $84.9 | $115.85 | $43.96 |
| Short long term debt | $17.85 | $24.81 | $24.46 | $20.98 |
| Total current liabilities | $1343.42 | $1247.74 | $1152.4 | $885.4 |
| Long term debt | $152.08 | $153.13 | $157.37 | $126.28 |
| Total noncurrent liabilities | $217.56 | $177.33 | $182.22 | $138.5 |
| Total debt | $169.93 | $177.94 | $181.83 | $147.26 |
| Total liabilities | $1560.98 | $1425.07 | $1334.62 | $1023.9 |
| Shareholders' equity | ||||
| Retained earnings | $402.36 | $406.67 | $397.23 | $373.26 |
| Other shareholder equity | -$2.71 | -$2.77 | $1.76 | -$5.31 |
| Total shareholder equity | $659.57 | $662.6 | $657.64 | $625.83 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $38.07 | $43.91 | $146.15 | $78.99 |
| Short term investments | ||||
| Net receivables | $153.66 | $95.84 | $94.29 | $69.11 |
| Inventory | $1303.03 | $703.94 | $421.76 | $418.46 |
| Total current assets | $1519.02 | $869.25 | $690.33 | $580.23 |
| Long term investments | ||||
| Property, plant & equipment | $353.47 | $267.99 | $234.39 | $221.61 |
| Goodwill & intangible assets | $117.46 | $49.03 | $19.58 | $9.22 |
| Total noncurrent assets | $473.25 | $319.44 | $256.34 | $235.56 |
| Total investments | ||||
| Total assets | $1992.26 | $1188.69 | $946.67 | $815.79 |
| Current liabilities | ||||
| Accounts payable | $937.69 | $299.21 | $161.06 | $181.88 |
| Deferred revenue | $115.85 | $119.84 | $134.15 | $59.42 |
| Short long term debt | $24.46 | $17.1 | $15.48 | $16.36 |
| Total current liabilities | $1152.4 | $498.15 | $374.72 | $317.5 |
| Long term debt | $157.37 | $138.46 | $130.37 | $118.47 |
| Total noncurrent liabilities | $182.22 | $154.24 | $136.75 | $127.01 |
| Total debt | $181.83 | $155.56 | $145.84 | $134.84 |
| Total liabilities | $1334.62 | $652.39 | $511.47 | $444.51 |
| Shareholders' equity | ||||
| Retained earnings | $397.23 | $284.78 | $182.92 | $116.87 |
| Other shareholder equity | $1.76 | -$5.02 | -$2.17 | $1.5 |
| Total shareholder equity | $657.64 | $536.31 | $435.2 | $371.28 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $633.67 | $628.7 | $852.13 | $694.12 |
| Cost of revenue | $521.29 | $506.95 | $711.1 | $555.77 |
| Gross Profit | $112.38 | $121.75 | $141.04 | $138.34 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $95.16 | $99.16 | $100.33 | $92.11 |
| Total operating expenses | $96.63 | $99.16 | $100.33 | $92.11 |
| Operating income | $15.75 | $22.6 | $40.71 | $46.23 |
| Income from continuing operations | ||||
| EBIT | $15.75 | $22.6 | $44.01 | $46.23 |
| Income tax expense | $0.05 | $3.35 | $9.6 | $10.26 |
| Interest expense | $20 | $9.81 | $10.45 | $5.77 |
| Net income | ||||
| Net income | -$4.3 | $9.44 | $23.96 | $30.19 |
| Income (for common shares) | -$4.3 | $9.44 | $23.96 | $30.19 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2758.45 | $2209.31 | $1711.91 | $1411.22 |
| Cost of revenue | $2227.09 | $1769.47 | $1379.18 | $1149.86 |
| Gross Profit | $531.35 | $439.84 | $332.72 | $261.36 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $362.51 | $301.52 | $241.04 | $220.77 |
| Total operating expenses | $362.51 | $301.52 | $242.54 | $223.95 |
| Operating income | $168.84 | $138.32 | $90.18 | $37.41 |
| Income from continuing operations | ||||
| EBIT | $172.15 | $142.19 | $92.61 | $37.41 |
| Income tax expense | $38.6 | $33.37 | $20.85 | $11.4 |
| Interest expense | $21.11 | $6.94 | $5.71 | $6.66 |
| Net income | ||||
| Net income | $112.44 | $101.87 | $66.05 | $19.36 |
| Income (for common shares) | $112.44 | $101.87 | $66.05 | $19.36 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | -$4.3 | $9.44 | $23.96 | $30.19 |
| Operating activities | ||||
| Depreciation | $9.7 | $8.71 | $8.61 | $8.23 |
| Business acquisitions & disposals | -$0.26 | -$79.61 | ||
| Stock-based compensation | $1.26 | $0.84 | $0.78 | $0.9 |
| Total cash flows from operations | -$15.01 | -$32.35 | $49.78 | $40.63 |
| Investing activities | ||||
| Capital expenditures | -$8.56 | -$12.78 | -$19.75 | -$13.46 |
| Investments | ||||
| Total cash flows from investing | -$8.56 | -$12.9 | -$99.32 | -$13.31 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | $19.49 | $43.88 | $18.31 | -$11.44 |
| Total cash flows from financing | $19.33 | $43.08 | $18.31 | -$11.55 |
| Effect of exchange rate | -$0.22 | -$0.2 | -$0.68 | $1.45 |
| Change in cash and equivalents | -$4.46 | -$2.38 | -$31.91 | $17.22 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $112.44 | $101.87 | $66.05 | $19.36 |
| Operating activities | ||||
| Depreciation | $31.48 | $25.2 | $32.02 | $35.24 |
| Business acquisitions & disposals | -$107.55 | -$100.47 | -$33.64 | -$6.79 |
| Stock-based compensation | $3.12 | $3.23 | $2.55 | $2.52 |
| Total cash flows from operations | -$32.28 | $10.82 | $158.92 | $173 |
| Investing activities | ||||
| Capital expenditures | -$55.23 | -$33.45 | -$21.58 | -$13.5 |
| Investments | ||||
| Total cash flows from investing | -$163.37 | -$134.06 | -$55.2 | -$20.3 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | $189.7 | $23.11 | -$34.31 | -$117.03 |
| Total cash flows from financing | $188.58 | $21.96 | -$35.34 | -$117.94 |
| Effect of exchange rate | $1.23 | -$0.95 | -$1.22 | $0.51 |
| Change in cash and equivalents | -$5.85 | -$102.24 | $67.16 | $35.27 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | N/A |
| Revenue | $2.81B |
|---|---|
| EBITDA | $163.84M |
| EBIT | $128.58M |
| Net Income | $59.29M |
| Revenue Q/Q | -1.38% |
| Revenue Y/Y | 13.99% |
| P/E ratio | N/A |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | N/A |
|---|---|
| ROA | 2.98% |
| ROE | 9.10% |
| Debt/Equity | 2.03 |
|---|---|
| Net debt/EBITDA | 9.34 |
| Current ratio | 1.27 |
| Quick ratio | 0.13 |