TER: Hold with a $378.10 price target

Year-to-date profit has improved, but profit is running ahead of cash.

Target for 2027-09-11: $378.10 USD, -0.4% versus the $379.72 weekly close on 2026-09-11. Price return only; dividends, fees and tax excluded.

Over 1 year (2025-09-12 to 2026-09-11), price changed +238.3% and trailing EPS changed +142.3%. A wider gap changes the earnings multiple; it does not establish fair value.

Across 2 completed quarters since 2025-12-31, net income was 773.4m versus 177.3m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.

Net debt / EBITDA: -0.2× for TER, against 0.7× across 12 comparable peers.

Over the latest four quarters, operating cash was 0.93 times net income. Review receivables, inventory and non-cash charges before judging the gap.

Over 1 year (2025-09-12 to 2026-09-11), price changed +238.3% and trailing EPS changed +142.3%. A wider gap changes the earnings multiple; it does not establish fair value.

Compare the next results with the trailing margin of 30.2% and the annual-history median of 21.1%. A historical median is context, not a forecast.

The latest quarterly margin changed +19.0 percentage points from a year earlier. Check sales volumes, pricing and unusual gains in the next filing.

Recheck the valuation gap alongside profitability and growth after new results. A discount alone does not establish value.

Starting annual sales growth: 30%.

Net profit margin: 22.5%.

Review recorded on 2026-09-16. This is a dated summary of an automated company valuation. The full report includes the financial evidence, alternative scenarios and review history. Consult the latest report before using an earlier target. Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.