TFF Group makes mineral-based and luxury packaging for the cosmetics and fragrance trade, a niche where its gross margin of 43.5% sits well above what most containers producers earn. The moat is the design and finishing capability that brand owners pay for, not scale, which is why the margin holds even as the top line shrinks. Revenue fell 28.8% and operating margin is only 2.8%, so the earnings base is thin and the story depends on a volume recovery that the numbers do not yet show. The forward P/E of 19.3 against a trailing 33.7 implies the market expects earnings to rebound sharply, and at a 300M EUR market cap that is the assumption to test first. Worth a deeper look only if you can get comfortable with the cyclicality of fragrance and cosmetics demand and with the gap between depressed earnings and that forward estimate.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €15.00 | first publication | €13.82 |
Answered from TFF Group fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| TFF.PA TFF Group | €14.00 | - | - | 34.1x | 1.8% | 41 | 35 |
| ORBS Eightco Holdings Inc. Common Stock | $0.76 | - | - | - | -157.3% | 31 | 16 |
| PACK Ranpak Holdings Corp Class A Common Stock | $3.68 | - | - | - | -7.2% | 30 | 32 |
| ALGIL.PA Groupe Guillin S.A. | €20.00 | €31 | 35% below | 7.7x | 7.5% | 60 | 48 |
| VETN.SW Vetropack Holding AG | CHF 18.40 | CHF 14 | 27% above | - | -0.2% | 48 | 36 |
| ZV.MI Zignago Vetro S.p.A. | €6.41 | - | - | 16.0x | 10.0% | 59 | 56 |
| OI O-I Glass Inc. Common Stock | $6.47 | - | - | - | -118.3% | 18 | 34 |
Where TFF.PA ranks against its sector peers on each metric.