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 2.31 percent and its dividend payout is 32.47 percent. This compares to a peer median dividend yield of 1.92 percent and a payout level of 61.97 percent. This relatively higher dividend yield and lower payout ratio makes the company a good candidate for dividend investors looking seeking good current dividend income within this peer group. In addition, the company’s relatively good dividend quality score of 67 out of a possible score of 100, underscores its attractiveness for dividend investors.
Dividend Quality Overview
- Over the last twelve months (prior to December 31, 2016), TGLS-US paid a medium quality dividend, which represents a yield of 2.31% 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 9.47x, 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 December 31, 2016), 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 -1.03x), investing cash flow (coverage of -8.23x), issuance cash flow (coverage of 11.50x) and twelve-month prior cash (coverage of 6.65x), for a total dividend coverage of 10.47x.
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||2.31|
|Dividend Payout (%)||0||0||0||0||32.47||32.47|
A complete list of metrics and analysis is available on the company page.
Tecnoglass, Inc. operates as a holding company, which engages in the design, manufacture, and trade of architectural glass. Its products include the following types of glass: laminated, thermo-laminated, tempered, silk-screened, curved, and digital print. It also distributes floating facades, bathroom dividers, automatic doors, and hurricane-proof and commercial display windows. It operates under the Alutions by TG and Alutions trademarks. The company was founded on September 21, 2011 and is headquartered in Barranquilla, Colombia.
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