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Employees: 1,255
Size TFF (TFF.PA) is a France Materials company (Containers/Packaging) with a market value of $327M, the 203rd largest of 206 France companies the cockpit tracks. Shares closed at €13.44 on 6 Nov 2026.
Performance Over six months the shares fell 20.8%, against -22.5% for the median peer and -0.4% for the France market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 26.5% over the last twelve months (peer median +5.3%); the operating margin is 7.6% (peer median 2.8%).
Valuation It trades at 58.2× forward earnings against a peer median of 19.1× (most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.0 points below its cost of capital (6.3% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €313M | €313M | €425M | €487M | €440M |
| Revenue growth | — | -26% | -13% | +11% | — |
| Gross profit | €34.7M | €34.7M | €64.7M | €93.9M | €81.3M |
| EBITDA | €43.0M | €43.0M | €76.9M | €106M | €90.9M |
| Net income | €8.80M | €8.80M | €30.7M | €56.4M | €52.8M |
| Free cash flow | €59.1M | €59.1M | -€17.5M | -€55.7M | -€29.2M |
| Capital expenditure | €14.9M | €14.9M | €27.4M | €59.3M | €27.4M |
| Total debt | n/a | €381M | €394M | €360M | €287M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TFF.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.0% | -8.3% | 2nd highest of 21 |
| 6-month return | -20.8% | -22.5% | 10th highest of 21 |
| Distance from 52-week high | -32.8% | -33.6% | 10th highest of 21 |
| Revenue growth (TTM) | -26.5% | +5.3% | 3rd lowest of 21 |
| Operating margin | 7.6% | 2.8% | 5th highest of 21 |
| Forward P/E | 58.2× | 19.1× | most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 7.0% | 7.8% | 7th least demanding of 13 |
| Growth delivered (Del g) | +3.7% | +6.4% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | +3.3 pp | +0.5 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -4.0 pp | -2.4 pp | 10th lowest of 21 |
| EV / EBITDA | 13.8× | 7.5× | 2nd most expensive of 9 |
| Net debt / EBITDA | 6.6× | 3.3× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TFF TFF.PA | France | $327M | -21% | -26% | 8% | 58.2× | 7.0% | +3.7% |
| Crown Advanced Material 688560.SS | China | $328M | -31% | +17% | -20% | n/a | n/a | n/a |
| Jindal Poly Films JINDALPOLY.NS | India | $324M | -4% | -58% | -35% | n/a | n/a | n/a |
| POSCO M-TECH 009520.KS | South Korea | $322M | -47% | +18% | 4% | n/a | 18.2% | +7.0% |
| Ranpak PACK | United States | $311M | -44% | +8% | 0% | n/a | 36.0% | +5.8% |
| Shandong Xinjufeng Technology Packaging 301296.SZ | China | $386M | -21% | +34% | 2% | 50.6× | n/a | n/a |
| Shanghai Ailu Package 301062.SZ | China | $389M | -26% | +4% | -7% | 29.9× | n/a | n/a |
| Xiamen Yanjan New Material 300658.SZ | China | $392M | -64% | +8% | 6% | n/a | 13.7% | +2.0% |
| Kangxin New Materials 600076.SS | China | $403M | -40% | -20% | -76% | n/a | n/a | n/a |
| Forest Packaging 605500.SS | China | $410M | -28% | +47% | 0% | n/a | n/a | n/a |
| Groupe Guillin ALGIL.PA | France | $411M | -14% | +4% | 8% | 7.6× | -5.9% | +7.4% |
| CPH CPHN.SW | Switzerland | $422M | -1% | +4% | 9% | 14.2× | -5.9% | -5.6% |
| Hexagon Composites HEX.OL | Norway | $423M | +26% | -39% | -7% | n/a | 34.2% | -0.8% |
| Tomoku 3946.T | Japan | $427M | +17% | -3% | 5% | n/a | -3.5% | +5.0% |
| UFlex UFLEX.NS | India | $440M | +29% | +10% | 9% | n/a | n/a | n/a |
| ZRP Printing 301223.SZ | China | $441M | -23% | +8% | 5% | n/a | -6.3% | +7.8% |
| AGI Greenpac AGI.NS | India | $442M | +2% | +6% | 16% | 10.7× | 17.7% | +16.3% |
| HySum Flexibles Global 300501.SZ | China | $445M | -22% | +12% | -2% | n/a | 25.2% | +9.1% |
| Zhejiang Haers Vacuum Containers 002615.SZ | China | $466M | -31% | +4% | 3% | 19.1× | 1.9% | +16.8% |
| Vetropack VETN.SW | Switzerland | $470M | -3% | -5% | 4% | 23.9× | 0.4% | +3.3% |
| Zhuhai Zhongfu Enterprise 000659.SZ | China | $471M | -39% | -10% | -2% | n/a | n/a | n/a |