Financials Turning Point Brands, Inc.

Equities

TPB

US90041L1052

Tobacco

Market Closed - Nyse Other stock markets 21:00:02 16/01/2026 GMT			5-day change	1st Jan Change
118.95 ^USD	+0.80%		+8.17%	+9.73%

01-14	Turning Point Brands Set for 'Solid' Q4 Results on Positive White Pouch Trends, Oppenheimer Says	MT
01-14	Oppenheimer Lifts Price Target on Turning Point Brands to $130 From $120, Maintains Outperform Rating	MT

Projected Income Statement: Turning Point Brands, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	405.1	445.5	415	405.4	360.7	462.5	513.6	592
Change	-	9.96%	-6.84%	-2.32%	-11.03%	28.23%	11.05%	15.27%
EBITDA ¹	90.24	108.1	97.6	95.3	104.5	118.7	136.8	131
Change	-	19.77%	-9.69%	-2.36%	9.61%	13.63%	15.25%	-4.24%
EBIT ¹	82.46	94.28	75.51	82.58	80.83	102	125.6	138
Change	-	14.33%	-19.91%	9.35%	-2.11%	26.21%	23.12%	9.87%
Interest Paid ¹	-20.23	-20.5	-19.52	-14.64	-13.98	-16.8	-17.27	-
Earnings before Tax (EBT) ¹	43.06	65.3	16.01	61.68	64.96	93.07	116	-
Change	-	51.67%	-75.49%	285.37%	5.31%	43.28%	24.67%	-
Net income ¹	33.04	52.06	11.64	38.46	39.81	65.82	76.72	65
Change	-	57.56%	-77.64%	230.4%	3.5%	65.33%	16.56%	-15.27%
Announcement Date	10/02/21	22/02/22	24/02/23	28/02/24	06/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	105.3	107.6	122.6	109.9	105.3	100.9	102.9	107.8	103.4	101	105.6	101.7	97.12	97.06	108.5	105.6	93.67	106.4	116.6	119	120.4	123.6	128.1	132.5	134.7
Change	-	2.24%	13.94%	-10.39%	-4.2%	-4.17%	2.01%	4.74%	-4.09%	-2.36%	4.6%	-3.67%	-4.52%	-0.06%	11.8%	-2.67%	-11.31%	13.63%	9.58%	2.01%	1.21%	2.63%	3.63%	3.49%	1.65%
EBITDA ¹	25.75	28	30	26.29	23.79	25.25	24.73	24.51	23.11	20.78	25.28	24.4	24.83	25.27	27.04	27.16	26.24	27.68	30.47	31.34	28.96	31.85	34	36.94	36.01
Change	-	8.72%	7.16%	-12.39%	-9.51%	6.17%	-2.09%	-0.86%	-5.74%	-10.05%	21.62%	-3.47%	1.76%	1.77%	6.98%	0.45%	-3.38%	5.48%	10.09%	2.86%	-7.62%	9.99%	6.75%	8.63%	-2.49%
EBIT ¹	23.88	24.96	25.58	23.1	20.64	22.46	21.6	19.82	18.32	18	21.43	20.24	23.95	19.27	22.95	20.53	17.88	23.19	29.22	25.88	25.98	28.77	31.02	32	33.15
Change	-	4.49%	2.5%	-9.69%	-10.65%	8.78%	-3.82%	-8.23%	-7.58%	-1.71%	19.01%	-5.55%	18.36%	-19.57%	19.14%	-10.56%	-12.88%	29.66%	26.02%	-11.42%	0.38%	10.74%	7.8%	3.17%	3.6%
Charge d'intérêts ¹	-5.028	-4.486	-5.522	-5.397	-5.094	-5.196	-5.144	-4.802	-4.382	-4.01	-4.019	-3.984	-2.632	-3.479	-2.991	-3.773	-3.631	-4.401	-5.14	-3.531	-3.712	-3.926	-3.926	-3.926	-3.926
Earnings before Tax (EBT) ¹	16.73	14.18	19.47	17.51	14.14	14.11	6.775	15.09	-19.97	9.81	13.05	14.63	24.19	15.91	17.33	16.96	14.48	17.83	21.2	30.23	23.79	24.64	26.09	28.7	29.75
Change	-	-15.23%	37.27%	-10.05%	-19.22%	-0.23%	-51.99%	122.79%	-232.33%	149.11%	32.99%	12.16%	65.33%	-34.25%	8.97%	-2.15%	-14.63%	23.16%	18.92%	42.56%	-21.32%	3.58%	5.91%	9.98%	3.65%
Net income ¹	12.74	11.78	15.36	13.47	11.45	11	5.424	11.54	-16.32	7.597	9.925	10.83	10.11	12.01	13	12.38	2.416	14.4	14.48	21.08	15.86	15.81	16.81	18.67	19.39
Change	-	-7.53%	30.31%	-12.29%	-14.95%	-3.98%	-50.68%	112.68%	-241.44%	146.56%	30.64%	9.13%	-6.67%	18.81%	8.28%	-4.84%	-80.48%	495.82%	0.59%	45.58%	-24.74%	-0.33%	6.29%	11.09%	3.84%
Announcement Date	10/02/21	27/04/21	27/07/21	26/10/21	22/02/22	27/04/22	27/07/22	26/10/22	24/02/23	03/05/23	02/08/23	08/11/23	28/02/24	02/05/24	01/08/24	07/11/24	06/03/25	07/05/25	06/08/25	05/11/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Turning Point Brands, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	248	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	10/02/21	22/02/22	24/02/23	28/02/24	06/03/25	-	-	-

Estimates

Cash Flow Forecast: Turning Point Brands, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	6.135	6.156	7.685	5.707	4.623	9.596	7.412
Change	-	0.34%	24.84%	-25.74%	-18.99%	107.58%	-22.76%
Free Cash Flow (FCF) ¹	37.54	62.06	22.59	61.17	62.44	36.42	73.75
Change	-	65.31%	-63.6%	170.83%	2.07%	-41.66%	102.48%
Announcement Date	10/02/21	22/02/22	24/02/23	28/02/24	06/03/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Turning Point Brands, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	22.27%	24.26%	23.52%	23.51%	28.96%	25.66%	26.64%	22.13%
EBIT Margin (%)	-	20.36%	21.16%	18.2%	20.37%	22.41%	22.06%	24.46%	23.31%
EBT Margin (%)	-	10.63%	14.66%	3.86%	15.22%	18.01%	20.12%	22.59%	-
Net margin (%)	-	8.16%	11.69%	2.8%	9.49%	11.04%	14.23%	14.94%	10.98%
FCF margin (%)	-	9.27%	13.93%	5.44%	15.09%	17.31%	7.88%	14.36%	-
FCF / Net Income (%)	-	113.63%	119.21%	194.04%	159.05%	156.85%	55.34%	96.13%	-
Profitability
ROA	8.5%	8.91%	10.52%	8.49%	9.23%	10.4%	-	-	-
ROE	14.56%	27.83%	40.81%	9.03%	28.47%	28.05%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	2.75x	-	-	-	-	-	-	-
Debt / Free cash flow	-	6.61x	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.51%	1.38%	1.85%	1.41%	1.28%	2.08%	1.44%	-
CAPEX / EBITDA (%)	-	6.8%	5.7%	7.87%	5.99%	4.43%	8.09%	5.42%	-
CAPEX / FCF (%)	-	16.34%	9.92%	34.02%	9.33%	7.4%	26.35%	10.05%	-
Items per share
Cash flow per share ¹	-	2.213	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.2	0.22	-	0.26	0.28	0.3	0.32	-
Change	-	-	10%	-	-	7.69%	7.14%	6.67%	-
Book Value Per Share ¹	-	6.626	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	1.67	2.52	0.64	2.01	2.14	3.575	4.15	-
Change	-	-	50.9%	-74.6%	214.06%	6.47%	67.06%	16.08%	-
Nbr of stocks (in thousands)	-	19,164	18,873	17,564	17,605	17,722	19,071	19,071	-
Announcement Date	-	10/02/21	22/02/22	24/02/23	28/02/24	06/03/25	-	-	-