Présentation de l'entreprise
Team, Inc., accessible via the ticker symbol TISI, operates as a comprehensive provider of mechanical, heat-treating, and inspection services across the United States, Canada, and international markets. The enterprise functions within the Industrials sector, specifically targeting the Specialty Business Services industry, where it delivers both conventional and proprietary solutions to diverse clients. This industrial specialist maintains a significant operational footprint, employing a workforce of 5,300 individuals to execute its service portfolio through two primary segments: Inspection and Heat Treating (IHT) and Mechanical Services (MS). With a market capitalization of $77.71 million and trailing twelve-month revenue reaching $896.48 million, the company's valuation metrics suggest a mid-tier position within the specialty services landscape. The disparity between its substantial annual revenue generation and its relatively modest market cap indicates that the market may be pricing the stock based on near-term profitability constraints rather than long-term asset scale or revenue dominance.
Santé financière
The financial statements for Team, Inc. report a trailing twelve-month revenue of $896.48 million, which stands in stark contrast to a net income loss of $52.661 million, highlighting a significant gap between top-line growth and bottom-line profitability. Despite the net loss, the company reports an EBITDA of $48.37 million, suggesting that while interest, taxes, depreciation, and amortization, as well as non-operating expenses, are eroding reported earnings, core operational cash generation remains positive before financing costs. The free cash flow for the period was negative at $17.296 million, indicating that capital expenditures or working capital requirements currently exceed operating cash inflows, which limits immediate financial flexibility for internal reinvestment without external financing. Profitability analysis reveals a gross margin of 25.8%, an operating margin of 3.0%, and a negative profit margin of -5.5%, collectively illustrating that high fixed costs or significant interest burdens are consuming the majority of operating income. Liquidity and leverage positions show a cash balance of $18.14 million against total debt of $349.59 million, resulting in a debt-to-equity ratio of 1,272.61, which characterizes the balance sheet as highly leveraged rather than conservative. Furthermore, the current ratio stands at 2.22, indicating that the company possesses more than double the current assets needed to cover its short-term liabilities, providing a buffer for immediate obligations despite the heavy debt load. Return metrics display a return on equity of -337.0% and a return on assets of 1.8%, revealing that the company is currently destroying shareholder value relative to equity while generating minimal returns on its asset base, likely due to the substantial interest expense associated with its debt profile.
Évaluation de la valorisation
Valuation multiples for Team, Inc. present a complex picture, with a P/E ratio (TTM) listed as N/A due to the reported net losses, while the forward P/E is negative at -29.31, reflecting expectations of continued earnings deficits in the near term. The price-to-book ratio is reported at -3.15, a negative figure that implies the market values the company's equity significantly below its book value, often seen in distressed or highly leveraged industrial firms. Alternative valuation metrics such as the price-to-sales ratio of 0.09 and an EV/EBITDA of 9.53 provide context, suggesting the stock is trading at a fraction of its sales revenue but commanding a multiple that accounts for its high enterprise value relative to EBITDA. Historical price volatility is evident in the 52-week trading range, which spans from a low of $12.34 to a high of $24.25, meaning the current share price is trading between these extremes and reflects the market's reaction to the company's financial distress signals. The beta of 1.02 indicates that Team, Inc. exhibits price volatility that closely mirrors the broader market, suggesting that its share price moves in tandem with general market sentiment rather than displaying unique idiosyncratic risk or defensive characteristics.
Growth & Income
Revenue growth for the trailing twelve-month period stands at 5.4% year-over-year, whereas earnings growth is N/A due to the current net loss, indicating that top-line expansion is not yet translating into bottom-line accretion. As a non-dividend payer, the company reports a dividend yield of N/A and a payout ratio of 0.0%, confirming that all available earnings are theoretically retained, although in this specific case, the losses preclude any dividend distribution. This absence of dividend payments aligns with the company's strategic necessity to conserve cash reserves rather than distribute income to shareholders while managing a substantial debt burden of $349.59 million. The overall growth and income profile for Team, Inc. is characterized by steady revenue expansion that is currently insufficient to overcome operating leverage and financing costs, resulting in a financial structure focused on survival and debt reduction rather than shareholder distribution or aggressive earnings growth.