TGLS: Updated Prospect Superior Than Expected

Tecnoglass is a leading manufacturing business of technological innovation glass. During a current interview through Colombian journal El Tiempo, Chief Operating Officer Christian Daes and Chief Executive Officer Jose Manuel Daes sent a fair far better view than ever expected. Despite improved development and margins, stock trades with a sizable deal to competitors. Stock also has decreased aided by the broader stock exchange lately, but dissertation is robust as ever.

Tecnoglass Inc. (NASDAQ:TGLS) is a leading supplier of tempered, coated, insulated, silk screened along with bowed glass for application in huge residential and commercial properties. There is a former information concerning the fact they deal in at a very much lower multiple in contrast to competitors, even though their particular greater margins and certainly rate of growth, upcoming dividend beginning, and growing backlog. Even though the stock has gone down in the past few weeks along with the broader offering sell-off, a basically unnoticed commentary from a Colombian paper gives us supplementary assurance than we have ever had in TGLS.

A sizable percentage of Tecnoglass' industry is achieved by very large residential and commercial engineering projects. These projects are frequently booked a few years ahead, which gives Tecnoglass a large backlog, by means of strong as well as expected cashflow. Their specific profits are so foreseeable that most of the business provided full year 2016 income direction at the start of 2015. Back then, the company expected 2016 earnings intensification of 20%, meaning guidance of $288 million. The companies have reiterated that figure all through the entire year, and yet elevated their EBITDA steerage from a range of eigthy to $85 million us$ to a range of eigthy-five to ninety million, a representation of their increased margins. On January 17, 2016, Colombian newspaper El Tiempo publicized an interview with TGLS Chief operating officer Christian Daes and President Jose Manuel Daes that discussed numerous features of the company's efficiency, including their very own forcasts intended for 2016. In that interview, Daes claimed that 2016 earnings should be more than 1,100 billion Colombian Pesos, which turned at the existing change rate, equates to more than three hundred million us$ dollars, 15% superior than the actual guidance, or a 33% growth rate yearly over year.

Throughout times of stock exchange instability, buyers will definitely be growing concerned in depositing their money in safe characteristics. In Tecnoglass, an individual get a company with better than 26% sales increase, 30% EBITDA profit margins, a huge along with rising backlog, and an imminent extra that will produce close to 5%, plus trades at just 4x this year's EBITDA, having this an tremendous investing prospect that is probably not going to last for a long time.

For further information:

/http://www.manufacturingglobal.com/Tecnoglass/executives/Christian-Daes/90

http://www.businessreviewamericalatina.com/Tecnoglass/executives/Jos%C3%A9-Manuel-Daes/215

http://www.businessreviewamericalatina.com/Tecnoglass/executives/Christian-Daes/214

http://www.manufacturingglobal.com/Tecnoglass/executives/Jose%20Manuel-Daes/91 Christian Daes