Our analysis is based on comparing Tecnoglass, Inc. with the following peers – Ply Gem Holdings, Inc., PGT Innovations, Inc., Masonite International Corp., PPG Industries, Inc. and Huttig Building Products, Inc. (PGEM-US, PGTI-US, DOOR-US, PPG-US and HBP-US).
Tecnoglass, Inc.’s dividend yield is 7.36 percent and its dividend payout is 245.24 percent. This compares to a peer median dividend yield of 1.45 percent and a payout level of 31.18 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 67 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to September 30, 2017), TGLS-US paid a medium quality dividend, which represents a yield of 7.15% at the current price.
- Only one dividend was paid over the last five years — it was also of medium quality.
- The ending cash balance, with a dividend coverage of 7.83x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to September 30, 2017), TGLS-US paid a medium quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 4.13x), investing cash flow (coverage of -4.69x), issuance cash flow (coverage of 4.39x) and twelve-month prior cash (coverage of 4.14x), for a total dividend coverage of 8.83x.
These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.
|Dividend Yield (%)||N/A||0||0||0||0.74||7.36|
|Dividend Payout (%)||0||0||0||0||32.47||245.24|
A complete list of metrics and analysis is available on the company page.
Tecnoglass, Inc. is a holding company, which engages in the design, manufacture, distribution, marketing, and installation of architectural glass and windows. Its products include insulating, laminated, monolithic, and solar control low-e glass. It also produces profiles, rods, bars, plates and other hardware which are used in the manufacture of windows. The company was founded on September 21, 2011 and is headquartered in Barranquilla, Colombia.
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