Report

A healthy atmosphere for investors

TP Group continues its evolution from a cash-hungry research and development house to a Tier 2 specialised services and engineering company. The increased maturity allows us to apply a developed view of fair value with a more specific peer group SOP combined with a DCF. It currently returns 9.11p, implying significant potential for investors.
Underlying
TP Group

TP Group is a specialist services and engineering company that provides solutions and through-life support for critical applications in defence, industrial and government sectors. Co. consists of four interlinked business units: TPG Maritime, which include the provision of air purification equipment for submarines; TPG Engineering, which activities include the manufacture of heat exchange equipment used in the heating and cooling of large scale industrial processes and power generation; TPG Design and Technology, which specialises in the design and development of high-speed turbomachinery; and TPG Managed Solutions, which provides systems engineering services to primary organisations.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Andy Chambers

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