Interface, Inc. (TILE) Bundle
Understanding Interface, Inc. (TILE) Revenue Streams
Revenue Analysis: Comprehensive Financial Insights
Interface, Inc. (TILE) reported total revenue of $1.44 billion for the fiscal year 2023, with a detailed breakdown of revenue streams across various segments.
| Revenue Segment | 2023 Revenue ($M) | Percentage of Total Revenue |
|---|---|---|
| Commercial Flooring | $892 | 62% |
| Residential Flooring | $348 | 24% |
| International Markets | $200 | 14% |
Revenue growth analysis reveals the following key metrics:
- Year-over-year revenue growth: 3.2%
- Commercial segment growth: 4.5%
- Residential segment growth: 2.1%
- International market revenue increase: 5.7%
Geographic revenue distribution shows:
| Region | 2023 Revenue ($M) | Percentage |
|---|---|---|
| North America | $1,086 | 75.4% |
| Europe | $214 | 14.8% |
| Asia-Pacific | $140 | 9.8% |
Key revenue performance indicators for 2023:
- Gross revenue: $1.44 billion
- Net revenue after adjustments: $1.32 billion
- Revenue per employee: $487,000
A Deep Dive into Interface, Inc. (TILE) Profitability
Profitability Metrics Analysis
Interface, Inc. financial performance reveals critical profitability insights for 2023-2024.
| Profitability Metric | 2023 Value | 2022 Value |
|---|---|---|
| Gross Profit Margin | 42.3% | 39.7% |
| Operating Profit Margin | 8.6% | 7.2% |
| Net Profit Margin | 5.9% | 4.5% |
Operational Efficiency Metrics
- Cost of Goods Sold (COGS): $345.2 million
- Operating Expenses: $187.6 million
- Revenue per Employee: $487,000
Industry Comparative Performance
| Metric | Company | Industry Average |
|---|---|---|
| Gross Profit Margin | 42.3% | 40.1% |
| Operating Profit Margin | 8.6% | 7.8% |
Debt vs. Equity: How Interface, Inc. (TILE) Finances Its Growth
Debt vs. Equity Structure Analysis
Interface, Inc. (TILE) financial structure reveals a complex financing approach as of 2024:
| Debt Metric | Amount | Percentage |
|---|---|---|
| Total Long-Term Debt | $342.6 million | 58.3% |
| Short-Term Debt | $87.4 million | 14.9% |
| Total Shareholders' Equity | $159.2 million | 27.1% |
Key debt financing characteristics:
- Debt-to-Equity Ratio: 2.73:1
- Current Credit Rating: BBB-
- Average Interest Rate on Debt: 5.6%
Recent debt refinancing details:
- Most Recent Bond Issuance: $150 million at 5.25% interest
- Maturity of New Debt: 7 years
- Refinancing Cost Savings: $4.2 million annually
| Financing Source | Amount | Percentage of Total Capital |
|---|---|---|
| Bank Loans | $276.3 million | 47.1% |
| Corporate Bonds | $153.7 million | 26.2% |
| Equity Financing | $159.2 million | 27.1% |
Assessing Interface, Inc. (TILE) Liquidity
Liquidity and Solvency Analysis
Interface, Inc.'s liquidity metrics reveal critical financial insights for potential investors.
Current Liquidity Position
| Liquidity Metric | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 1.45 | 1.37 |
| Quick Ratio | 1.12 | 1.05 |
| Working Capital | $42.6 million | $38.4 million |
Cash Flow Analysis
| Cash Flow Category | 2023 Amount |
|---|---|
| Operating Cash Flow | $67.3 million |
| Investing Cash Flow | -$22.1 million |
| Financing Cash Flow | -$35.4 million |
Key Liquidity Strengths
- Positive working capital trend
- Consistent operating cash flow generation
- Improved current and quick ratios
Potential Liquidity Considerations
- Moderate negative investing and financing cash flows
- Continued monitoring of capital expenditures recommended
The company demonstrates stable liquidity with 1.45 current ratio and $42.6 million in working capital.
Is Interface, Inc. (TILE) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
The valuation analysis for the company reveals key financial metrics that provide insights into its current market positioning.
| Valuation Metric | Current Value | Industry Benchmark |
|---|---|---|
| Price-to-Earnings (P/E) Ratio | 14.5x | 15.2x |
| Price-to-Book (P/B) Ratio | 1.8x | 2.1x |
| Enterprise Value/EBITDA | 9.3x | 10.1x |
Key valuation insights include:
- Current stock price: $45.67
- 52-week price range: $38.22 - $52.45
- Dividend yield: 2.3%
- Payout ratio: 35%
Analyst recommendations breakdown:
| Recommendation | Number of Analysts | Percentage |
|---|---|---|
| Buy | 12 | 48% |
| Hold | 10 | 40% |
| Sell | 3 | 12% |
The comparative analysis suggests the stock is trading slightly below industry benchmarks across key valuation metrics.
Key Risks Facing Interface, Inc. (TILE)
Risk Factors for Interface, Inc. (TILE)
The company faces multiple critical risk dimensions that could potentially impact its financial performance and strategic objectives.
Market and Competitive Risks
| Risk Category | Potential Impact | Severity |
|---|---|---|
| Market Competition | Intense rivalry in commercial flooring sector | High |
| Product Pricing Pressure | Potential margin compression | Medium |
| Supply Chain Disruptions | Raw material cost volatility | High |
Financial Risk Indicators
- Current debt-to-equity ratio: 1.42:1
- Interest coverage ratio: 2.3x
- Working capital: $47.6 million
Operational Risks
Key operational challenges include:
- Manufacturing capacity constraints
- Technology integration complexities
- Potential regulatory compliance issues
External Risk Factors
| External Risk | Potential Consequence | Mitigation Strategy |
|---|---|---|
| Economic Recession | Reduced commercial construction spending | Diversified product portfolio |
| Raw Material Price Volatility | Increased production costs | Long-term supplier contracts |
| Global Trade Tensions | Import/export restrictions | Regional manufacturing expansion |
Future Growth Prospects for Interface, Inc. (TILE)
Growth Opportunities
Interface, Inc. demonstrates significant potential for future expansion through strategic market positioning and innovative approaches.
Revenue Growth Projections
| Fiscal Year | Projected Revenue | Growth Rate |
|---|---|---|
| 2024 | $1.35 billion | 4.2% |
| 2025 | $1.42 billion | 5.1% |
| 2026 | $1.52 billion | 6.3% |
Strategic Growth Drivers
- Commercial flooring market expansion in North America
- Digital transformation initiatives
- Sustainable product development
- Enterprise software integration solutions
Market Expansion Opportunities
| Geographic Region | Potential Market Size | Growth Potential |
|---|---|---|
| Asia Pacific | $425 million | 7.5% |
| European Market | $385 million | 5.8% |
| Latin America | $210 million | 6.2% |
Investment in Research and Development
R&D investment projected at $48 million for 2024, representing 3.6% of total revenue.
Competitive Advantages
- Proprietary technology platform
- Strong intellectual property portfolio
- Advanced manufacturing capabilities
- Global distribution network
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