TUP  Tupperware Corporation

Exchange

NYSE

Sector

Consumer Non-Durables

Industry

Plastic Products

Market Cap.

3.15B

Vuru Grade

64.53/100

Current Price

$62.14
-0.24 (-0.38%)

Growth Price

$30.73
Overvalued by 50.55%

Stability Price

$58.52
Overvalued by 5.83%

Company Metrics

  • P/E 14.09
  • P/S 1.43
  • P/B 14.85
  • EPS 4.41
  • Cash ROIC 21.44%
  • Cash Ratio 0.17
  • Dividend 2.72 / 4.36 %
  • Avg. Vol. 671,893.00
  • Shares 50.69M
  • Market Cap. 3.15B

Company Description

Tupperware Brands Corporation operates as a direct seller of various products across a range of brands and categories through an independent sales force. The company engages in the manufacture and sale of kitchen and home products, and beauty and personal care products. It offers preparation, storage, and serving solutions for the kitchen and home, as well as kitchen cookware and tools, children's... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Why Tupperware Brands Corporation Shares Tanked
Motley Fool - Jan 27, 2016
What: Shares of container specialist Tupperware Brands Corporation (NYSE:TUP) were down 14.5% at 11:50 a.m. EST on Wednesday after its quarterly results and outlook missed Wall Street expectations.
Tupperware Brands Reports Fourth Quarter 2015 Results; Declares Regular ... - PR Newswire (press release)
Tupperware Brands Corporation (TUP) Shares Tumble as 4th Quarter Earnings ... - Independent Reporter
Why Tupperware Brands Corporation Jumped on Wednesday
Motley Fool - Oct 21, 2015
What: Shares of Tupperware Brands (NYSE:TUP) rose as much as 12.4% on Wednesday morning and were up 8% near market close. The direct-to-consumer personal products marketer reported third-quarter results in the early morning, beating Wall Street's ...
150 apartments on track near Tupperware SunRail station - Orlando Business Journal (blog)
Tupperware to begin $8M widening of Orange Ave. - Orlando Sentinel
Tupperware Brands Corporation (TUP) Ex-Dividend Date Scheduled for March 16, 2017
Nasdaq - Mar 15, 2017
Tupperware Brands Corporation ( TUP ) will begin trading ex-dividend on March 16, 2017. A cash dividend payment of $0.68 per share is scheduled to be paid on April 06, 2017.
Common Share Dividend Yield of Tupperware Brands Corporation (TUP) - Energy Index
Tupperware Brands Corporation Announces Fourth Quarter 2016 Earnings ...
PR Newswire (press release) - Jan 4, 2017
ORLANDO, Fla., Jan. 4, 2017 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) will release its fourth quarter 2016 earnings results on Wednesday, February 1, 2017, prior to the opening of the market, followed by its earnings release conference ...
Tupperware Brands Corporation (TUP) Shares Bought by BlackRock Advisors LLC - Sports Perspectives
Why Tupperware Brands Corporation Fell to 3-Year Lows Today
Motley Fool - Jul 22, 2015
What: Shares of Tupperware Brands (NYSE:TUP) fell as much as 11.9% in the Wednesday trading session, and the stock closed 8.3% lower for the day.
Tupperware Brands Could Be A Value Trap - Seeking Alpha
Tupperware beats expectations, but sales slump in 2Q - Orlando Business Journal (blog)
Lookout for Price Target? Tupperware Brands Corporation (TUP), Dell ...
StockNewsJournal - Mar 24, 2017
Investors who are keeping close eye on the stock of Tupperware Brands Corporation (NYSE:TUP) established that the company was able to keep return on investment at 22.09 in the trailing twelve month while Reuters data showed that industry's average ...
Analytical Guide for The Kroger Co. (KR), Tupperware Brands Corporation (TUP ... - The USA Commerce
Mean Rating Of Tupperware Brands Corporation (NYSE:TUP) At $3.17 - RealistInvestor.com
Tupperware Brands (TUP) Q4 2016 Results - Earnings Call Transcript
Seeking Alpha - Feb 1, 2017
Good morning, ladies and gentlemen. Thank you for standing by, and welcome to the Tupperware Brands Corporation Fourth Quarter 2016 Conference Call.
Tupperware shares rise after earnings beat - MarketWatch
Risk Malaise Alert in Option Market: Tupperware Brands Corporation Implied ...
CML News - Mar 23, 2017
Before we dive into any analysis we simply note that Tupperware Brands Corporation (NYSE:TUP) risk is actually priced pretty low by the option market as of right now.
Moody's affirms Tupperware's Baa3 senior unsecured rating; outlook remains stable
Moodys.com (press release) (subscription) - Feb 24, 2016
Tupperware's Baa3 senior unsecured rating is supported by low financial leverage, good cash flow, a portfolio of recognizable brands and products, and its large geographically diverse direct sales force. The rating also incorporates Moody's expectation ...
Tupperware Brands: Algorithmic Trading, Meet Algorithmic Reporting
Seeking Alpha - Mar 1, 2016
On February 24th, Tupperware Brands filed a notice with the SEC that it would not be able to file its 2015 10-K on time. The stock lost 4.3% that day.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for TUP to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate TUP's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$62.14 Current Price

$30.73 Growth Price (DCF)

Overvalued by 50.55%


Growth Rate Assumed by Market: 23.18%


Future Free Cash Flow Growth Rate: 4.2%


Discount Rate: 15.0%


Show Free Cash Flow numbers

$58.52 Stability Price (EPV)

Overvalued by 5.83%


Discount Rate: 15.0%

$39.43 Book Price

Overvalued by 36.54%


Excellent Cash Return on Invested Capital over the past 5 years

TUP has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

TUP has created $21.44 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow 223.10M 254.50M 212.70M 164.60M 177.00M
divided by
Invested Capital 1.01B 979.10M 958.70M 904.40M 947.00M
Cash ROIC 22.14% 25.99% 22.19% 18.20% 18.69%

Varying Return on Equity over the past 5 years

TUP has generated strong profits with money shareholders have invested. However, there is a substantial variation in their Return on Equity from year-to-year. This may reflect management's inability to generate consistent returns or may be caused by one-time events. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

TUP has generated $96.92 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 193.00M 274.20M 214.40M 185.80M 223.60M
divided by
Stockholders' Equity 479.10M 252.90M 185.80M 161.00M 212.80M
Return on Equity 40.28% 108.42% 115.39% 115.40% 105.08%

Excellent Business Performance over the past 10 years

TUP has been able to maintain profitability in good times and bad. This could mean TUP has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

TUP has created positive free cash flow for 9 or more of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow 127.10M 76.60M 204.50M 243.40M 200.80M 223.10M 254.50M 212.70M 164.60M 177.00M

Weak Balance Sheet

TUP's financial position is not ideal. The key is to check whether TUP is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash 102.70M 124.80M 112.40M 248.70M 138.20M 119.80M 127.30M 77.00M 79.80M 93.20M
Current Assets 699.50M 703.80M 696.80M 849.20M 769.40M 766.50M 779.00M 753.60M 550.50M 545.30M
Total Assets 1.87B 1.82B 1.80B 2.02B 1.84B 1.82B 1.84B 1.78B 1.60B 1.59B
Current Liabilities 450.30M 451.50M 460.50M 500.40M 675.40M 694.50M 737.50M 747.40M 614.00M 547.60M
Total Liabilities 1.35B 1.34B 1.16B 1.23B 1.34B 1.34B 1.59B 1.60B 1.44B 1.38B
Stockholder' Equity 522.70M 474.00M 637.70M 789.80M 500.80M 479.10M 252.90M 185.80M 161.00M 212.80M
Current Ratio 1.55 1.56 1.51 1.70 1.14 1.10 1.06 1.01 0.90 1.00
TL-to-TA 0.72 0.74 0.64 0.61 0.73 0.74 0.86 0.90 0.90 0.87

Consistent Reinvestment of Profits over the past 10 years

TUP has consistently retained profits. This may put TUP in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, TUP can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 657.80M 743.20M 836.10M 969.20M 1.09B 1.17B 1.29B 1.35B 1.37B 1.46B
Retained Earnings Growth - 12.98% 12.50% 15.92% 12.64% 7.39% 9.96% 4.58% 1.71% 6.13%

Competitive Industry over the past 10 years

TUP is likely operating in an industry with medium to low barriers to entry. This may mean that TUP doesn't have a characteristic that's hard to replicate, such as exclusive distribution, branding or the ability to keep costs low. If Gross Margins are at least satisfactory, it's likely that TUP invests heavily in R&D and Sales, General & Administrative expenses.

Only $8.40 of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 116.90M 161.40M 175.10M 225.60M 218.30M 193.00M 274.20M 214.40M 185.80M 223.60M
divided by
Revenue 1.98B 2.16B 2.13B 2.30B 2.59B 2.58B 2.67B 2.61B 2.28B 2.21B
Net Profit Margin 5.90% 7.47% 8.23% 9.81% 8.44% 7.47% 10.26% 8.23% 8.14% 10.10%

Strong Pricing Power over the past 10 years

TUP has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold. This potentially leaves flexibility in inflationary environments to raise prices on consumers and maintain profitability.

$69.72 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit 1.29B 1.40B 1.41B 1.53B 2.59B 1.73B 1.78B 1.72B 1.54B 1.50B
divided by
Revenue 1.98B 2.16B 2.13B 2.30B 2.59B 2.58B 2.67B 2.61B 2.28B 2.21B
Gross Margin 64.90% 64.65% 66.23% 66.69% 100.00% 66.86% 66.69% 66.08% 67.41% 67.69%

Medium Capital Intensity over the past 10 years

TUP has used a reasonable amount of their financial resources to invest in facilities and equipment required to produce its goods and services. This isn't perfect, but it shouldn't be an area of concern unless this number is strongly trending upwards.

31.91% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure 50.30M 54.40M 46.40M 56.10M 73.90M 75.60M 69.00M 69.40M 61.10M 61.60M
divided by
Net Income 116.90M 161.40M 175.10M 225.60M 218.30M 193.00M 274.20M 214.40M 185.80M 223.60M
Capital Expenditure Ratio 43.03% 33.71% 26.50% 24.87% 33.85% 39.17% 25.16% 32.37% 32.88% 27.55%

Very Strong Dividend History over the past 10 years

TUP has consistently distributed a dividend for at least the past 10 years. Such a long dividend history suggests TUP is very established in its market and that its dividend distribution is likely to continue for a significant period of time.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid 53.80M 54.40M 55.00M 63.20M 73.80M 77.60M 116.80M 133.50M 138.00M 138.80M
divided by
Shares Outstanding 62.51M 63.10M 63.40M 63.80M 61.40M 56.40M 53.10M 51.00M 50.40M 50.70M
Dividend Paid Per Share 0.86 0.86 0.87 0.99 1.20 1.38 2.20 2.62 2.74 2.74
Price at Year End 29.51 20.15 45.62 47.17 55.97 62.67 95.54 63.84 55.78 52.62
Dividend Yield 2.92% 4.28% 1.90% 2.10% 2.15% 2.20% 2.30% 4.10% 4.91% 5.20%

History of Stock Buybacks over the past 10 years

TUP has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 62.51M 63.10M 63.40M 63.80M 61.40M 56.40M 53.10M 51.00M 50.40M 50.70M
Stock Bought Back - -0.93% -0.47% -0.63% 3.91% 8.87% 6.21% 4.12% 1.19% -0.59%
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