Titan Financial Statements From 2010 to 2023

TWI Stock  USD 16.16  0.45  2.71%   
Titan International financial statements provide useful quarterly and yearly information to potential Titan International investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Titan International financial statements helps investors assess Titan International's valuation, profitability, and current liquidity needs.
We have found one hundred fourteen available fundamental trend indicators for Titan International, which can be analyzed and compared to other ratios and to its competition. Please verify all of Titan International current fundamental drivers against the trend between 2010 and 2023 to make sure the company can sustain itself down the road.
Titan International Enterprise Value is most likely to decrease significantly in the upcoming years. The preceding year's Enterprise Value was reported at 478.57 Million. The current Free Cash Flow is estimated to increase to about 14.1 M, while Average Assets are projected to decrease to roughly 1 B.
  
Check Titan International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Titan main balance sheet or income statement drivers, such as Direct Expenses of 1.3 B, Cost of Revenue of 974.3 M or Gross Profit of 116.3 M, as well as many exotic indicators such as Interest Coverage of 3.52, Long Term Debt to Equity of 1.51 or Calculated Tax Rate of 2.66. Titan financial statements analysis is a perfect complement when working with Titan International Valuation or Volatility modules. It can also supplement Titan International's financial leverage analysis and stock options assessment as well as various Titan International Technical models . Additionally, take a look at the analysis of Titan International Correlation against competitors.

Titan International Revenues

1.49 Billion

Titan International Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities17.2 M13.1 M24 M
Down
Slightly volatile
Tax Assets5.5 M5.4 M17.4 M
Down
Slightly volatile
Accumulated Retained Earnings Deficit50.1 M44.4 M78.4 M
Down
Slightly volatile
Trade and Non Trade Receivables138.1 M159.7 M183.4 M
Down
Pretty Stable
Property Plant and Equipment Net336.7 M405 M440.4 M
Down
Very volatile
Trade and Non Trade Payables89.3 M110.8 M121.2 M
Down
Very volatile
Liabilities Non Current437.8 M520.4 M542.6 M
Up
Pretty Stable
Current Liabilities350.7 M405.7 M333.3 M
Up
Slightly volatile
Total Liabilities831.2 M858 M893.3 M
Up
Pretty Stable
Investments Non Current35.2 M31.1 M34 M
Up
Pretty Stable
Investments35.2 M31.1 M34 M
Up
Pretty Stable
Inventory204.9 M242.8 M266.2 M
Down
Very volatile
Goodwill and Intangible Assets40.9 M37.9 M37.4 M
Up
Slightly volatile
Shareholders Equity USD290.9 M310.6 M386 M
Down
Slightly volatile
Shareholders Equity351 M263.7 M358.1 M
Down
Slightly volatile
Total Debt USD384.2 M456 M475.7 M
Up
Pretty Stable
Debt Non Current359.2 M427.9 M437.5 M
Up
Slightly volatile
Debt Current27.5 M28.1 M38.4 M
Down
Pretty Stable
Total Debt384.2 M456 M475.7 M
Up
Pretty Stable
Cash and Equivalents USD143.2 M180.2 M178 M
Up
Slightly volatile
Cash and Equivalents149.5 M112.8 M152.2 M
Down
Slightly volatile
Assets Non Current429.9 M504.2 M556.8 M
Down
Very volatile
Current Assets700.7 M732 M744.5 M
Down
Very volatile
Total Assets1.4 B1.4 B1.3 B
Up
Very volatile
Accounts Payable198.3 M250.3 M167.6 M
Up
Slightly volatile
Receivables221.6 M251.7 M215.2 M
Up
Slightly volatile
Inventories315.7 M353.4 M311.8 M
Up
Slightly volatile

Titan International Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense37.2 M34.5 M32.5 M
Up
Pretty Stable
Weighted Average Shares Diluted53.1 M56.4 M55.4 M
Up
Slightly volatile
Weighted Average Shares51.7 M55.9 M53.1 M
Up
Slightly volatile
Selling General and Administrative Expense136.3 M126.4 M132 M
Up
Slightly volatile
Research and Development Expense8.3 M10 M9.7 M
Up
Slightly volatile
Revenues USD1.1 B1.3 B1.4 B
Down
Pretty Stable
Revenues1.5 B1.6 B1.5 B
Up
Very volatile
Preferred Dividends Income Statement Impact30.1 M20.3 M30 M
Down
Slightly volatile
Operating Income105.7 M98 M40.1 M
Down
Very volatile
Operating Expenses116.6 M145.9 M152.8 M
Up
Pretty Stable
Net Income Common Stock USD(86.2 M)(84 M)(52.7 M)
Down
Slightly volatile
Net Income Common Stock(86.2 M)(84 M)(52.7 M)
Down
Slightly volatile
Net Income61.5 M57 MM
Up
Very volatile
Interest Expense26 M30.6 M32.3 M
Up
Pretty Stable
Gross Profit116.3 M124 M159 M
Down
Slightly volatile
Earning Before Interest and Taxes USD(3.1 M)(3 M)23.5 M
Down
Slightly volatile
Earning Before Interest and Taxes EBIT(3.1 M)(3 M)23.5 M
Down
Slightly volatile
Cost of Revenue974.3 M1.1 B1.3 B
Down
Very volatile
Consolidated Income(106.6 M)(103.8 M)(58.2 M)
Down
Slightly volatile
Direct Expenses1.3 B1.4 B1.4 B
Up
Very volatile

Titan International Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation1.9 M2.1 M2.6 M
Down
Very volatile
Net Cash Flow from Operations12.7 M12.3 M44.6 M
Down
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals1.5 M1.4 M1.1 M
Up
Slightly volatile
Net Cash Flow from Investing(36.5 M)(33.8 M)(56.8 M)
Up
Slightly volatile
Net Cash Flow from Financing17.3 M16 M4.5 M
Up
Very volatile
Issuance Repayment of Debt Securities 243.1 K236.9 K2.2 M
Down
Pretty Stable
Issuance Purchase of Equity Shares133.9 K130.5 K250.3 K
Down
Pretty Stable
Net Cash Flow Business Acquisitions and Disposals(16.6 M)(15.4 M)(21.5 M)
Up
Pretty Stable
Net Cash Flow or Change in Cash and Cash Equivalents(1.2 M)(1.1 M)(3.3 M)
Up
Pretty Stable
Depreciation Amortization and Accretion51.1 M62.7 M64.8 M
Up
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share20.7821.2824.9939
Down
Slightly volatile
Sales per Share34.4132.9730.0544
Down
Slightly volatile
Return on Sales(0.0018)(0.0018)0.0103
Down
Slightly volatile
Return on Invested Capital(0.0018)(0.0018)0.0191
Down
Slightly volatile
Return on Average Equity30.1227.911.578
Up
Pretty Stable
Return on Average Assets5.565.150.3305
Up
Very volatile
Price to Sales Ratio0.140.140.2403
Down
Slightly volatile
Price to Earnings Ratio(2.81)(2.6)1.5342
Down
Slightly volatile
Price to Book Value0.570.550.8752
Down
Slightly volatile
Payout Ratio(0.0129)(0.0126)(0.0053)
Down
Slightly volatile
Profit Margin3.453.2(0.2364)
Down
Very volatile
Gross Margin14.8915.3412.2571
Down
Very volatile
Free Cash Flow per Share(0.53)(0.52)0.0573
Down
Slightly volatile
Enterprise Value over EBITDA13.789.2211.5692
Down
Pretty Stable
Enterprise Value over EBIT(189)(184)(107)
Down
Slightly volatile
Earnings per Basic Share USD(1.61)(1.57)(1.0429)
Down
Slightly volatile
Earnings per Diluted Share0.980.91(0.0429)
Down
Very volatile
Earnings per Basic Share0.990.920.0032
Down
Very volatile
EBITDA Margin7.548.385.7786
Down
Pretty Stable
Dividends per Basic Common Share0.01790.0180.0197
Down
Slightly volatile
Dividend Yield0.0050.00580.004
Up
Slightly volatile
Debt to Equity Ratio1.631.91.5414
Up
Slightly volatile
Current Ratio2.572.072.514
Down
Slightly volatile
Book Value per Share6.395.787.7862
Down
Slightly volatile
Asset Turnover1.71.851.321
Up
Slightly volatile
Total Assets Per Share24.5520.4823.6043
Down
Slightly volatile
Cash Flow Per Share0.190.190.8654
Down
Slightly volatile
Return on Investment15.5614.425.4539
Down
Very volatile
Operating Margin5.945.52.3183
Down
Pretty Stable
Calculated Tax Rate2.662.5925.8553
Down
Slightly volatile
Receivables Turnover9.088.627.9949
Down
Slightly volatile
Inventory Turnover5.525.174.8995
Down
Slightly volatile
PPandE Turnover4.325.163.9435
Up
Slightly volatile
Cash and Equivalents Turnover12.3614.8711.1881
Up
Slightly volatile
Accounts Payable Turnover12.269.1912.5178
Down
Slightly volatile
Accrued Expenses Turnover24.7423.3721.8474
Down
Slightly volatile
Interest Coverage3.523.042.6933
Down
Pretty Stable
Long Term Debt to Equity1.511.781.3991
Up
Slightly volatile
Quick Ratio1.250.941.2699
Down
Slightly volatile
Net Current Assets as percentage of Total Assets38.235.2534.3343
Down
Slightly volatile
Revenue to Assets1.231.351.2314
Up
Slightly volatile

Titan International Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital343.3 M395.9 M433.8 M
Down
Very volatile
Tangible Asset Value963.7 M1.1 B1.3 B
Down
Very volatile
Market Capitalization293.9 M190.9 M389.9 M
Down
Slightly volatile
Invested Capital AverageB1.3 B1.3 B
Up
Pretty Stable
Invested Capital688 M548.1 M884.1 M
Down
Slightly volatile
Free Cash Flow14.1 M14 M20 M
Down
Pretty Stable
Enterprise Value531.7 M478.6 M677.4 M
Down
Slightly volatile
Average Equity334 M383.1 M436.2 M
Down
Pretty Stable
Earnings before Tax(34.5 M)(33.6 M)(9.2 M)
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD61.7 M59.7 M89.3 M
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA128.1 M149.1 M93.3 M
Down
Pretty Stable
Average AssetsB1.2 B1.3 B
Up
Very volatile
Revenue Per Employee297.9 K273 K269.2 K
Down
Slightly volatile
Net Income Per Employee8.2 K7.6 K272
Down
Very volatile

Titan Fundamental Market Drivers

Forward Price Earnings5.9809
Cash And Short Term Investments98.1 M

Titan Upcoming Events

Upcoming Quarterly Report3rd of March 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Titan International Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Titan International income statement, its balance sheet, and the statement of cash flows. Titan International investors use historical funamental indicators, such as Titan International's revenue or net income, to determine how well the company is positioned to perform in the future. Although Titan International investors may use each financial statement separately, they are all related. The changes in Titan International's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Titan International's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Titan International Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Titan International. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue1.1 B974.3 M
Revenues1.6 B1.5 B
Revenue to Assets 1.35  1.23 
Revenue Per Employee273 K297.9 K

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Additionally, take a look at the analysis of Titan International Correlation against competitors. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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Is Titan International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Titan International. If investors know Titan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Titan International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.789
Market Capitalization
B
Quarterly Revenue Growth
0.178
Return On Assets
0.1002
Return On Equity
0.632
The market value of Titan International is measured differently than its book value, which is the value of Titan that is recorded on the company's balance sheet. Investors also form their own opinion of Titan International's value that differs from its market value or its book value, called intrinsic value, which is Titan International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Titan International's market value can be influenced by many factors that don't directly affect Titan International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Titan International's value and its price as these two are different measures arrived at by different means. Investors typically determine Titan International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Titan International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.