Unternehmensübersicht
Team, Inc., ticker TISI, operates as a provider of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services across the United States, Canada, and international markets. The company functions within the Industrials sector, specifically the Specialty Business Services industry, which characterizes its business model as a B2B service provider essential for manufacturing and infrastructure maintenance. With a market capitalization of $77.71M, an annual revenue of $896.48M, and an employee base of 5300, the firm demonstrates a significant operational footprint relative to its valuation metrics. These financial dimensions indicate that while the company generates substantial top-line revenue, its market valuation suggests a market perception that diverges from traditional large-cap industrial peers, often reflecting specific sector dynamics or recent earnings volatility.
Finanzielle Gesundheit
The company reported revenue of $896.48M for the trailing twelve months, accompanied by a net income of -$52,661,000 and an EBITDA of $48.37M, highlighting a distinct gap between operational profitability and net income. This divergence reveals a significant impact from interest expenses, taxes, or non-operating costs that erode the bottom line despite positive earnings before interest, taxes, depreciation, and amortization. Free cash flow stands at -$17,296,000, indicating that the company is currently burning cash, which limits its immediate financial flexibility for capital expenditures or acquisitions without external financing. The gross margin is 25.8%, the operating margin is 3.0%, and the profit margin is -5.5%; these figures collectively suggest that while the company retains a healthy portion of revenue after direct costs, operating leverage is thin, and the final profitability is negative due to structural costs. The balance sheet shows $18.14M in cash against $349.59M in debt, resulting in a debt-to-equity ratio of 1272.61%, which characterizes the company as highly leveraged rather than conservative. Additionally, a current ratio of 2.22 indicates that the company holds sufficient short-term assets to cover its short-term liabilities, suggesting adequate liquidity despite the high leverage. Return on equity is -337.0% and return on assets is 1.8%, metrics that reveal that management effectiveness is currently challenged by significant losses relative to equity, while asset utilization generates a nominal return on the total asset base.
Bewertungsanalyse
The valuation metrics present a complex picture with a trailing P/E ratio of N/A and a forward P/E of -29.31, implying that future earnings expectations remain negative or that the market is pricing in a prolonged period of profitability challenges. The price-to-book ratio is -3.15, indicating that the market values the company at a significant discount relative to its book value, a scenario often seen in distressed or turnaround situations where assets may be undervalued on the balance sheet. Alternative valuation metrics such as a price-to-sales ratio of 0.09 and an EV/EBITDA of 9.53 provide context, suggesting the stock is priced very cheaply relative to sales but the earnings multiple remains distorted by negative earnings. The stock has traded between a 52-week high of $24.25 and a 52-week low of $12.34, and based on the provided data points, the current valuation context must be viewed against this wide historical range where the price-to-sales figure of 0.09 suggests a trading level near the lower end of historical sales multiples for the sector. The beta value is 1.02, which implies that the stock's price volatility tracks closely with the broader market, exhibiting slightly higher sensitivity to market swings than the average stock.
Growth & Income
Revenue growth over the year-over-year period is 5.4%, whereas earnings growth is N/A, indicating that while the top line is expanding, the company has not yet achieved profitable growth in the recent period. Because the company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, it reinvests its limited retained earnings or seeks external capital to fund operations rather than distributing income to shareholders. The overall growth and income profile is characterized by positive revenue expansion offset by a complete lack of current profitability and shareholder returns, creating a high-risk, high-potential-reward scenario dependent on future operational improvements. This specific combination of metrics defines the investment thesis around TISI, focusing entirely on operational leverage realization and debt reduction rather than income generation.