TFF Group

Tonnellerie Francois Freres S.A.. TFF Group, formerly Tonnellerie Francois Freres SA, is a France-based company that manufactures and distributes oak barrels that are used to conserve and transport liquids. The Company has four core businesses: stave milling, cooperage, cask manufacturing and oak wine-aging products. Tonnellerie Francois Freres SA also offers oak products for oenology, where the wine is put in contact with wood in varied forms, and has developed products for the alcohol maturing and aging market, especially the whisky market. The Company offers four brands of barrels: Exclusif, Privilege, Classique and Horizon. As of December 31, 2011, Tonnellerie Francois Freres SA operated through its subsidiaries, including: Sogibois, Bouyoud, Treuil, Francois Inc, Classic Oak New Zealand, Demptos Napa, among others. The Company has operating units in France, the United States, Spain, Hungary, South Africa, China, New Zealand, Australia and Ireland. In May 2016, the Company acquired metal manufacturer SAS Lejeune.
  • TickerTFF
  • ISINFR0013295789
  • ExchangeEuronext Paris
  • SectorGeneral Industrials
  • CountryFrance

A double requalification allows TFF GROUP to improve to Slightly Positive

TFF GROUP (FR), a company active in the Containers & Packaging industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date May 1, 2020, the closing price was EUR 28.00 and its potential was estimated at EUR 32.43.

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2020

While Data Respons is a quality target in our view, financial value creation is pre1eempted by the high price tag (16.5x EBIT), which implies a low ROIC (5.4%e in 2021e). Moreover, after this deal, exposure to the automotive, aerospace and oil sectors – the sectors hardest hit by the coronavirus – remains high (around 63% of revenues), while debt rises to a huge level for the sector. As a result, we lower our estimates for the existing scope and our target price (€ 35 vs € 59), and dow...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2020

Si Data Respons nous apparait comme une cible de qualité, la création de valeur financière est préemptée par un prix élevé (16.5x l’EBIT) qui implique un ROIC faible (5.4% en 2021e). Par ailleurs, après cette opération, l’exposition aux secteurs Auto, Aéro et Pétrolier – les plus touchés par le coronavirus – reste élevée (c.63% du CA), tandis que l’endettement atteint un niveau hors normes pour le secteur. En conséquence, nous abaissons nos prévisions du périmètre existant ainsi que n...

Jeremy Garnier

TFF Group : Q3 2019-20 sales in line with our expectations – Target price adjusted to € 33 (rise in the risk premium)

>Q3 2019-20 sales up 4% (-1.9% l-f-l) to € 61.2m (vs € 60.8m est.) - Yesterday evening, TFF Group reported its Q3 2019-20 sales which came in at € 61.2m, close to our forecast of € 60.8m. Growth reached 4% (of which -1.9% l-f-l and a scope effect of +5.9% linked to the acquisition of Darnajou), marked by i/ the organic contraction in the wine division (-7% l-f-l to € 32m) and ii/ the continued brisk momentum for the spirits division (+7.1% to € 29.2m) thanks to the r...

Tonnellerie Francois Freres: 1 director bought

A director at Tonnellerie Francois Freres bought 2,374 shares at 33.745EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2020

While Data Respons is a quality target in our view, financial value creation is pre1eempted by the high price tag (16.5x EBIT), which implies a low ROIC (5.4%e in 2021e). Moreover, after this deal, exposure to the automotive, aerospace and oil sectors – the sectors hardest hit by the coronavirus – remains high (around 63% of revenues), while debt rises to a huge level for the sector. As a result, we lower our estimates for the existing scope and our target price (€ 35 vs € 59), and dow...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 12/03/2020

Si Data Respons nous apparait comme une cible de qualité, la création de valeur financière est préemptée par un prix élevé (16.5x l’EBIT) qui implique un ROIC faible (5.4% en 2021e). Par ailleurs, après cette opération, l’exposition aux secteurs Auto, Aéro et Pétrolier – les plus touchés par le coronavirus – reste élevée (c.63% du CA), tandis que l’endettement atteint un niveau hors normes pour le secteur. En conséquence, nous abaissons nos prévisions du périmètre existant ainsi que n...

Jeremy Garnier

TFF Group : Q3 2019-20 sales in line with our expectations – Target price adjusted to € 33 (rise in the risk premium)

>Q3 2019-20 sales up 4% (-1.9% l-f-l) to € 61.2m (vs € 60.8m est.) - Yesterday evening, TFF Group reported its Q3 2019-20 sales which came in at € 61.2m, close to our forecast of € 60.8m. Growth reached 4% (of which -1.9% l-f-l and a scope effect of +5.9% linked to the acquisition of Darnajou), marked by i/ the organic contraction in the wine division (-7% l-f-l to € 32m) and ii/ the continued brisk momentum for the spirits division (+7.1% to € 29.2m) thanks to the r...

Jeremy Garnier

TFF Group : CA T3 en ligne avec notre attente – OC ajusté à 33 € (hausse de la prime de risque)

>CA T3 en croissance de 4% (-1.9% lfl) à 61.2 M€ (vs 60.8 M€e) - TFF group a publié hier soir un CA T3 2019/20 de 61.2 M€, proche de notre attente de 60.8 M€e. La croissance ressort à 4%% (dont -1.9% lfl et un effet périmètre de +5.9% lié à l’acquisition de Darnajou), marquée par i/ la décroissance organique du pôle Vin (-7% lfl à 32 M€) et ii/ la poursuite d’une belle dynamique du pôle Alcools (+7.1% à 29.2 M€) grâce au déploiement du Bourbon aux US (+16% lfl) et ma...

Anis Zgaya ...
  • Aurelien Sivignon
  • Fatma Agnès Hamdani
  • Jeremy Garnier
  • Khaled Ben Amor
  • Laurence Hofmann

ODDO BHF Small & MIDCAP MORNING NEWS - 01/09/2020

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Fatma Agnès Hamdani
  • Jeremy Garnier
  • Khaled Ben Amor
  • Laurence Hofmann

ODDO BHF Small & MIDCAP MORNING NEWS - 09/01/2020

...

Aurelien Sivignon ...
  • Jeremy Garnier

ODDO BHF Small & MIDCAP MORNING NEWS - 07/10/2019

...

Aurelien Sivignon ...
  • Jeremy Garnier

ODDO BHF Small & MIDCAP MORNING NEWS - 10/07/2019

...

Charles Lepetitpas ...
  • Emmanuel Matot
  • Geoffroy Michalet
  • Jean Sassus
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Nicolas David
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 03/13/2019

Offshore and FPSO-type floating production systems will remain key for the future balance of the oil market. Between now and 2035, new offshore projects producing an additional 20 mb/d will have to be launched! We expect an acceleration in momentum in this segment after several years of underinvestment. SBM Offshore, on which we adopt a Buy recommendation (vs Neutral) with a target price of € 22, is the key player in this segment in our view. We remain more cautious on players with a ...

A double requalification allows TFF GROUP to improve to Slightly Positive

TFF GROUP (FR), a company active in the Containers & Packaging industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date May 1, 2020, the closing price was EUR 28.00 and its potential was estimated at EUR 32.43.

Etude de l'AG du 29/06/2017

Il est proposé de nommer Philippine François, fille de Jérôme François, Président du directoire, comme membre du conseil de surveillance pour une durée de 6 ans. L'élargissement du conseil est une bonne initiative puisqu'il n'était composé que de 3 membres. Cependant, la famille François, principal actionnaire de la société, est déjà représentée au sein du conseil. Par ailleurs, la durée de mandat de 6 ans ne permet pas aux actionnaires de se prononcer de manière assez régulière sur la composition du conseil. Par conséquent, la résolution 1 ne sera pas soutenue. Autorisée en période d'offre p...

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