Turning Point Brands, Inc.

Turning Point Brands, Inc.

TPBยทNYSE

$86.24

+5.1%
Consumer DefensiveTobacco

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.

At a Glance

Live Snapshot
Market Cap$1.67B
EPS3.1800
P/E Ratio27.12
Earnings Date08/05/2026
Turning Point Brands, Inc.

Turning Point Brands, Inc. Fair Value Envelope

TPB ยท NYSE

Our analysis suggests that TPB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $86.24, this represents a potential HIDDEN relative to our calculated worth for Turning Point Brands, Inc..

Intrinsic Value
Current Price: $86.24

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$112.8M
+ Cash & Equivalents$222.8M
Firm Value$335.5M
- Debt$309.0M
Equity Value$26.6M
/ Shares Outstanding18,015,215B
DCF Value$1
OVERVALUED BY 98%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$40.3M
$28.3M
$19.9M
$13.9M
$9.8M
$6.9M
$4.8M
$3.4M
$2.4M
$1.7M
Maintenance CapEx
-$1.9M
-$1.3M
-$936.9K
-$657.9K
-$462.0K
-$324.4K
-$227.8K
-$160.0K
-$112.3K
-$78.9K
Owner Earnings
$38.4M
$27.0M
$18.9M
$13.3M
$9.3M
$6.6M
$4.6M
$3.2M
$2.3M
$1.6M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$35.5M
$23.1M
$15.0M
$9.8M
$6.4M
$4.1M
$2.7M
$1.7M
$1.1M
$738.1K
Terminal Value represents 11.1% of Enterprise Value