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Should Value Investors Buy Tecnoglass (TGLS) Stock?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Tecnoglass (TGLS - Free Report) . TGLS is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 11.71. This compares to its industry's average Forward P/E of 17.04. TGLS's Forward P/E has been as high as 16.02 and as low as 10.20, with a median of 13.12, all within the past year.
We also note that TGLS holds a PEG ratio of 0.59. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TGLS's industry has an average PEG of 1.30 right now. Over the last 12 months, TGLS's PEG has been as high as 0.80 and as low as 0.51, with a median of 0.66.
Finally, our model also underscores that TGLS has a P/CF ratio of 10.82. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 12.72. TGLS's P/CF has been as high as 12.94 and as low as 7.70, with a median of 9.12, all within the past year.
These are just a handful of the figures considered in Tecnoglass's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that TGLS is an impressive value stock right now.
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Should Value Investors Buy Tecnoglass (TGLS) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Tecnoglass (TGLS - Free Report) . TGLS is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 11.71. This compares to its industry's average Forward P/E of 17.04. TGLS's Forward P/E has been as high as 16.02 and as low as 10.20, with a median of 13.12, all within the past year.
We also note that TGLS holds a PEG ratio of 0.59. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TGLS's industry has an average PEG of 1.30 right now. Over the last 12 months, TGLS's PEG has been as high as 0.80 and as low as 0.51, with a median of 0.66.
Finally, our model also underscores that TGLS has a P/CF ratio of 10.82. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 12.72. TGLS's P/CF has been as high as 12.94 and as low as 7.70, with a median of 9.12, all within the past year.
These are just a handful of the figures considered in Tecnoglass's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that TGLS is an impressive value stock right now.