Turning Point Brands Inc - Understand $tpb stock

$TPB Market Cap: $692.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$404.4M

TTM

Gross Margin

51.47%

TTM

Net Earnings

$45.95M

TTM

Current Assets

$289.7M

Q2 2024

Current Liabilities

$160.8M

Q2 2024

Current Ratio

180.17%

Q2 2024

Total Assets

$591.6M

Q2 2024

Total Liabilities

$417.6M

Q2 2024

Book Value

$173.9M

Q2 2024

Cash

$142.2M

Q2 2024

P/E

15.07

Sep 13, 2024 EST

Free Cash Flow

$69.85M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005	2004	2003	2002	2001
Revenue	$405.4M	$415.0M	$445.5M	$405.1M	$362.0M	$332.7M	$285.8M	$206.2M	$197.3M	$200.3M	$193.3M	$186.7M	$188.5M	$117.6M	$116.9M	$115.3M	$101.6M	$94.40M	$89.60M
YoY Change	-2.32%	-6.84%	9.96%	11.91%	8.81%	16.41%	38.59%	4.51%	-1.5%	3.62%	3.54%	-0.95%	8.02%	0.6%	1.39%	13.48%	7.63%	5.36%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005	2004	2003	2002	2001
Revenue	$405.4M	$415.0M	$445.5M	$405.1M	$362.0M	$332.7M	$285.8M	$206.2M	$197.3M	$200.3M	$193.3M	$186.7M	$188.5M	$117.6M	$116.9M	$115.3M	$101.6M	$94.40M	$89.60M
Cost Of Revenue	$202.2M	$209.5M	$227.6M	$215.1M	$224.9M	$190.1M	$160.8M	$105.7M	$101.0M	$107.2M	$103.0M	$100.9M	$100.7M	$53.30M	$56.70M	$58.60M	$48.60M	$41.00M	$37.70M
Gross Profit	$203.2M	$205.5M	$217.8M	$190.0M	$137.1M	$142.6M	$125.0M	$100.5M	$96.30M	$93.20M	$90.30M	$85.90M	$87.80M	$64.40M	$60.30M	$56.70M	$53.00M	$53.50M	$51.90M
Gross Profit Margin	50.13%	49.53%	48.9%	46.9%	37.88%	42.87%	43.73%	48.74%	48.81%	46.53%	46.71%	46.01%	46.58%	54.76%	51.58%	49.18%	52.17%	56.67%	57.92%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$125.0M	$130.0M	$127.5M	$125.6M	$109.9M	$94.08M	$75.29M	$54.60M	$50.40M	$43.90M	$45.90M	$41.40M	$42.80M	$47.80M	$43.90M	$37.00M	$32.60M	$24.10M	$23.40M
YoY Change	-3.86%	1.97%	1.55%	14.27%	16.81%	24.95%	37.89%	8.33%	14.81%	-4.36%	10.87%	-3.27%	8.08%	8.88%	18.65%	13.5%	35.27%	2.99%
% of Gross Profit	61.51%	63.26%	58.54%	66.09%	80.14%	65.96%	60.25%	54.33%	52.34%	47.1%	50.83%	48.2%	48.75%	74.22%	72.8%	65.26%	61.51%	45.05%	45.09%
Research & Development	$600.0K	$600.0K	$1.100M	$1.300M	$2.500M	$2.500M	$2.300M	$2.000M	$1.400M	$1.200M	$900.0K
YoY Change	0.0%	-45.45%	-15.38%	-48.0%	0.0%	8.7%	15.0%	42.86%	16.67%	33.33%
% of Gross Profit	0.3%	0.29%	0.5%	0.68%	1.82%	1.75%	1.84%	1.99%	1.45%	1.29%	1.0%
Depreciation & Amortization	$6.358M	$5.299M	$5.012M	$5.018M	$4.089M	$3.110M	$2.328M	$1.290M	$1.060M	$930.0K	$940.0K	$0.00	$100.0K	$2.460M	$1.610M	$1.280M	$660.0K	$700.0K	$6.130M
YoY Change	19.98%	5.73%	-0.12%	22.72%	31.48%	33.59%	80.47%	21.7%	13.98%	-1.06%		-100.0%	0.0%	52.8%	25.78%	93.94%	-5.71%	-88.58%
% of Gross Profit	3.13%	2.58%	2.3%	2.64%	2.98%	2.18%	1.86%	1.28%	1.1%	1.0%	1.04%	0.0%	0.11%	3.82%	2.67%	2.26%	1.25%	1.31%	11.81%
Operating Expenses	$125.6M	$130.6M	$128.6M	$126.9M	$112.4M	$96.58M	$77.59M	$56.60M	$51.70M	$45.10M	$46.90M	$41.40M	$42.90M	$48.40M	$44.30M	$37.50M	$32.70M	$24.00M	$24.80M
YoY Change	-3.84%	1.56%	1.38%	12.88%	16.37%	24.47%	37.08%	9.48%	14.63%	-3.84%	13.29%	-3.5%	8.33%	9.26%	18.13%	14.68%	36.25%	-3.23%
Operating Profit	$82.58M	$75.51M	$90.32M	$64.43M	$27.23M	$48.54M	$49.68M	$43.90M	$44.60M	$48.10M	$43.40M	$44.50M	$44.90M	$16.00M	$16.00M	$19.20M	$20.30M	$29.50M	$27.10M
YoY Change	9.35%	-16.39%	40.19%	136.6%	-43.9%	-2.29%	13.17%	-1.57%	-7.28%	10.83%	-2.47%	-0.89%	16.02%	0.0%	-16.67%	-5.42%	-31.19%	8.86%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005	2004	2003	2002	2001
Interest Expense	-$14.65M	-$19.52M	-$20.50M	-$13.49M	-$14.44M	-$14.82M	-$16.89M	-$25.90M	-$34.30M	-$34.30M	-$44.10M	-$43.00M	-$35.20M	-$27.10M	-$3.500M	-$31.30M	-$19.10M	-$18.70M	-$19.70M
YoY Change	-24.99%	-4.76%	52.0%	-6.57%	-2.59%	-12.26%	-34.79%	-24.49%	0.0%	-22.22%	2.56%	22.16%	33.33%	674.29%	-88.82%	63.87%	2.14%	-5.08%
% of Operating Profit	-17.73%	-25.85%	-22.7%	-20.93%	-53.01%	-30.53%	-34.0%	-59.0%	-76.91%	-71.31%	-101.61%	-96.63%	-78.4%	-169.38%	-21.88%	-163.02%	-94.09%	-63.39%	-72.69%
Other Income/Expense, Net		$0.00	$0.00	-$1.000M	$5.000M	-$100.0K	-$200.0K	-$300.0K							-$2.100M	$4.400M	-$11.10M	-$1.900M	-$2.600M
YoY Change			-100.0%	-120.0%	-5100.0%	-50.0%	-33.33%								-147.73%	-139.64%	484.21%	-26.92%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2006	2005	2004	2003	2002	2001
Pretax Income	$61.68M	$16.01M	$65.30M	$50.15M	$19.10M	$31.63M	$26.93M	$14.90M	$10.20M	-$29.00M	-$1.100M	$1.400M	$9.500M	-$11.20M	$10.30M	-$7.700M	-$9.900M	$8.700M	$4.800M
YoY Change	285.37%	-75.49%	30.22%	162.62%	-39.63%	17.45%	80.76%	46.08%	-135.17%	2536.36%	-178.57%	-85.26%	-28.03%	-208.74%	-233.77%	-22.22%	-213.79%	81.25%
Income Tax	$23.90M	$4.849M	$14.04M	$11.96M	$2.863M	$6.305M	$7.280M	-$12.00M	$1.100M	$400.0K	$500.0K	$1.000M	$1.100M	$900.0K	$200.0K	$27.20M	-$3.700M	$3.200M	$2.000M
% Of Pretax Income	38.75%	30.29%	21.5%	23.84%	14.99%	19.93%	27.03%	-80.54%	10.78%			71.43%	11.58%		1.94%			36.78%	41.67%
Net Earnings	$38.46M	$11.64M	$52.06M	$38.19M	$16.23M	$25.33M	$20.21M	$26.90M	$9.100M	-$29.40M	-$1.600M	$400.0K	$8.400M	-$12.00M	$10.10M	-$34.90M	-$6.200M	$5.500M	$2.700M
YoY Change	230.4%	-77.64%	36.31%	135.27%	-35.91%	25.33%	-24.87%	195.6%	-130.95%	1737.5%	-500.0%	-95.24%	-48.47%	-218.81%	-128.94%	462.9%	-212.73%	103.7%
Net Earnings / Revenue	9.49%	2.8%	11.69%	9.43%	4.48%	7.61%	7.07%	13.05%	4.61%	-14.68%	-0.83%	0.21%	4.46%	-10.2%	8.64%	-30.27%	-6.1%	5.83%	3.01%
Basic Earnings Per Share	$2.19	$0.65	$2.75	$1.97	$0.83	$1.31	$1.06
Diluted Earnings Per Share	$2.01	$0.64	$2.52	$1.85	$0.78	$1.28	$1.04	$1.494M	$497.3K	-$1.607M	-$87.43K	$21.86K	$459.0K	-$20.00M	$16.83M	-$58.17M	-$12.40M	$7.857M	$5.400M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2006	2005	2004	2003	2002
Cash & Short-Term Investments	$117.9M	$106.4M	$128.3M	$41.80M	$95.30M	$3.300M	$2.600M	$2.900M	$4.800M	$8.500M	$35.40M	$1.800M	$500.0K	$2.300M	$300.0K	$800.0K
YoY Change	10.79%	-17.08%	206.99%	-56.14%	2787.88%	26.92%	-10.34%	-39.58%	-43.53%	-75.99%		260.0%	-78.26%	666.67%	-62.5%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$40.78M	$21.80M	$26.75M	$26.40M	$16.10M	$14.70M	$10.30M	$11.60M	$10.80M	$10.90M	$10.50M	$3.800M	$5.200M	$5.900M	$3.600M	$3.500M
YoY Change	87.07%	-18.49%	1.31%	63.98%	9.52%	42.72%	-11.21%	7.41%	-0.92%	3.81%		-26.92%	-11.86%	63.89%	2.86%
Inventory	$98.96M	$119.9M	$87.61M	$85.90M	$71.00M	$91.20M	$63.30M	$62.20M	$44.30M	$46.40M	$62.40M	$29.10M	$30.60M	$38.00M	$42.30M	$40.80M
Prepaid Expenses
Receivables	$9.989M	$8.377M	$6.496M	$9.300M	$6.900M	$2.600M	$3.200M	$2.200M	$3.900M	$2.500M	$3.200M	$5.900M	$6.700M	$7.800M	$10.40M	$7.700M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$900.0K	$800.0K
Total Short-Term Assets	$267.6M	$256.5M	$249.2M	$163.4M	$189.3M	$111.9M	$79.50M	$78.90M	$64.00M	$68.30M	$111.5M	$40.60M	$43.00M	$54.00M	$57.40M	$53.60M
YoY Change	4.34%	2.94%	52.49%	-13.68%	69.17%	40.75%	0.76%	23.28%	-6.3%	-38.74%		-5.58%	-20.37%	-5.92%	7.09%
Property, Plant & Equipment	$42.70M	$35.25M	$33.70M	$33.40M	$25.90M	$10.60M	$8.900M	$7.600M	$5.600M	$5.100M	$4.700M	$14.30M	$14.40M	$10.80M	$8.300M	$5.200M
YoY Change	21.13%	4.6%	0.91%	28.96%	144.34%	19.1%	17.11%	35.71%	9.8%	8.51%		-0.69%	33.33%	30.12%	59.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.155M	$21.20M	$33.65M	$24.00M
YoY Change	-56.81%	-37.01%	40.2%
Other Assets	$32.69M	$60.51M	$35.22M	$36.10M	$43.60M	$35.70M	$32.90M	$37.00M	$35.70M	$39.60M	$40.20M	$28.10M	$29.90M	$28.60M	$38.40M	$31.30M
YoY Change	-45.98%	71.81%	-2.43%	-17.2%	22.13%	8.51%	-11.08%	3.64%	-9.85%	-1.49%		-6.02%	4.55%	-25.52%	22.68%
Total Long-Term Assets	$301.7M	$315.6M	$352.4M	$332.6M	$257.3M	$227.5M	$202.8M	$206.1M	$178.5M	$181.9M	$182.1M	$180.2M	$182.8M	$178.4M	$186.2M	$160.0M
YoY Change	-4.39%	-10.44%	5.95%	29.27%	13.1%	12.18%	-1.6%	15.46%	-1.87%	-0.11%		-1.42%	2.47%	-4.19%	16.38%
Total Assets	$569.4M	$572.1M	$601.6M	$496.0M	$446.6M	$339.4M	$282.3M	$285.0M	$242.5M	$250.2M	$293.6M	$220.8M	$225.8M	$232.4M	$243.6M	$213.6M
YoY Change
Accounts Payable	$8.407M	$8.355M	$7.361M	$9.200M	$14.10M	$6.800M	$3.700M	$9.200M	$4.100M	$2.300M	$12.40M	$1.900M	$6.300M	$7.000M	$5.300M	$2.900M
YoY Change	0.62%	13.5%	-19.99%	-34.75%	107.35%	83.78%	-59.78%	124.39%	78.26%	-81.45%		-69.84%	-10.0%	32.08%	82.76%
Accrued Expenses	$29.13M	$33.00M	$30.88M	$30.90M	$25.80M	$22.90M	$18.70M	$15.70M	$15.40M	$14.20M	$30.60M	$15.60M	$13.30M	$10.90M	$6.800M	$2.400M
YoY Change	-11.74%	6.85%	-0.05%	19.77%	12.66%	22.46%	19.11%	1.95%	8.45%	-53.59%		17.29%	22.02%	60.29%	183.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$26.00M	$8.000M	$15.00M	$0.00	$7.400M	$0.00	$3.600M	$0.00	$14.50M	$6.300M	$5.500M
YoY Change					-100.0%	225.0%	-46.67%		-100.0%				-100.0%	130.16%	14.55%
Long-Term Debt Due	$58.98M	$0.00	$0.00	$12.00M	$15.20M	$8.000M	$7.900M	$1.700M	$1.700M	$1.700M	$0.00
YoY Change			-100.0%	-21.05%	90.0%	1.27%	364.71%	0.0%	0.0%
Total Short-Term Liabilities	$100.3M	$41.38M	$40.34M	$56.60M	$55.90M	$63.80M	$38.20M	$41.60M	$21.10M	$25.90M	$43.30M	$24.40M	$23.50M	$37.20M	$23.00M	$21.30M
YoY Change	142.5%	2.58%	-28.73%	1.25%	-12.38%	67.02%	-8.17%	97.16%	-18.53%	-40.18%		3.83%	-36.83%	61.74%	7.98%
Long-Term Debt	$308.6M	$406.8M	$414.2M	$302.1M	$269.0M	$186.7M	$186.2M	$201.5M	$290.8M	$303.6M	$300.6M	$267.4M	$263.2M	$266.6M	$185.7M	$155.0M
YoY Change	-24.12%	-1.79%	37.1%	12.3%	44.08%	0.27%	-7.59%	-30.71%	-4.22%	1.0%		1.6%	-1.28%	43.56%	19.81%
Other Long-Term Liabilities	$8.374M	$10.59M	$13.34M	$19.80M	$13.60M	$4.000M	$4.500M	$7.900M	$5.200M	$5.700M	$6.600M	$10.20M	$9.900M	$10.10M	$80.40M	$70.60M
YoY Change	-20.95%	-20.57%	-32.65%	45.59%	240.0%	-11.11%	-43.04%	51.92%	-8.77%	-13.64%		3.03%	-1.98%	-87.44%	13.88%
Total Long-Term Liabilities	$317.0M	$417.4M	$427.5M	$321.9M	$282.6M	$190.7M	$190.7M	$209.4M	$296.0M	$309.3M	$307.2M	$277.6M	$273.1M	$276.7M	$266.1M	$225.6M
YoY Change	-24.04%	-2.38%	32.81%	13.91%	48.19%	0.0%	-8.93%	-29.26%	-4.3%	0.68%		1.65%	-1.3%	3.98%	17.95%
Total Liabilities	$418.4M	$460.5M	$470.2M	$382.6M	$340.0M	$256.8M	$229.0M	$251.0M	$324.1M	$341.8M	$357.0M	$309.3M	$302.7M	$318.9M	$290.2M	$246.9M
YoY Change	-9.14%	-2.06%	22.88%	12.53%	32.4%	12.14%	-8.76%	-22.55%	-5.18%	-4.26%		2.18%	-5.08%	9.89%	17.54%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	17.58M	17.90M	18.92M	19.40M	19.63M	19.36M	18.99M
Diluted Shares Outstanding	20.47M	18.06M	22.38M	22.94M	23.24M	19.83M	19.51M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $692.62 Million

About Turning Point Brands Inc

Turning Point Brands, Inc. engages in manufacturing, marketing, and distributing branded consumer products including alternative smoking accessories and consumables with active ingredients. The company is headquartered in Louisville, Kentucky and currently employs 373 full-time employees. The company went IPO on 2016-05-11. The company sells a range of products to adult consumers consisting of staple products under the brands Zig-Zag and Stoker’s. Its segments include Zig-Zag Products (Zig-Zag), Stoker’s Products (Stoker’s) and Creative Distribution Solutions. Zig-Zag principally market and distribute rolling papers, tubes, and related products; finished cigars and make-your-own cigar wraps, and CLIPPER reusable lighters and other accessories. Stoker’s manufactures and markets moist snuff tobacco (MST) and contract for and market loose leaf chewing tobacco products. Creative Distribution Solutions segment markets and distributes liquid nicotine products and certain other products without tobacco and/or nicotine; distributes an assortment of products to non-traditional retail outlets via Vapor Beast, and markets and distributes an assortment of products to individual consumers via the VaporFi B2C online platform.

Industry: Tobacco Products Peers: 22nd Century Group, Inc. Pyxus International Inc Altria Group Inc Charlie's Holdings Inc Vector Group Ltd Healthier Choices Management Corp Hempacco Co Inc Philip Morris International Inc Universal Corp