With this in mind, here are three such shares from the FTSE 250 I’d add to my ISA portfolio today.

TI Fluid Systems

TI Fluid Systems (LSE: TIFS) is the go-to option for car manufacturers looking for components to move fluids around inside their vehicles. Its operations stretch over 28 countries, giving the company great geographical diversification. However, the chief reason it’s caught my eye is that it looks very attractively-priced for the growth on offer.  

Right now, I can pick up the stock for under 16 times earnings. That already looks pretty decent value, relative to the levels of some stocks in the FTSE 250. And the price-to-earnings growth (PEG) ratio for FY21 is just 0.3. As a general rule of thumb, anything at or below 1.0 on this metric suggests the market is undervaluing the company. 

Of course, numbers never tell the full story. A key risk with TIFS is that it could be impacted by the ongoing issues with supply chains currently dogging the automotive sector.

Another thing worth mentioning is the ‘free float’. A relatively low number of shares (as a percentage of total equity) currently trade on the market. Theoretically, this could make TIFS’ price more volatile than other mid-tier stocks.

As long as I can remain focused on the long term, however, this looks like a good investment for me.

Redrow

As a (mostly) growth-focused investor, I’ve long regarded housebuilders as more suitable for a wholly income-focused portfolio. Perhaps I’ve been overly cautious. After all, some companies in this sector look temptingly priced for the growth they offer.

One example from the FTSE 250 is Redrow (LSE: RDW). We’ve seen a post-lockdown housing boom, but its shares now trade on less than 10 times earnings. More importantly, a forward PEG ratio of 0.5 is also very low. 

Of course, a key question now is whether recent activity will now decline as more people return to the office, others get laid off, and government incentives end. In fact, there are signs this is already happening. 

Still, I’m encouraged by RDW’s most recent update. Back in July, it reflected on having a “very strong” order book. Its sales market also “remains robust“. This leads me to suspect that buying for my ISA now could still work out well. 

Coats

A final ISA buy is industrial threads and fasteners manufacturer Coats (LSE: COA). A world leader at what it does, the business also has great earnings diversification, supplying products to industries such as apparel, transportation and telecoms.

Once again however, it’s the valuation that appeals. Coats’ forward PEG is bang on 1 at the moment. So, while not being as undervalued as the other two stocks mentioned, it feels like I’d be getting a good price based on this penny stock’s prospects.

Naturally, there are still risks here. A growing awareness of just how unfriendly fast fashion is for the environment could impact clothing sales and, by association, profits at Coats. Debt has also been creeping up over the years and could be worth watching.

On balance though, I’d still buy today. 

The post FTSE 250: 3 dirt-cheap growth shares I’d buy for my ISA appeared first on The Twelfth Magpie.

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Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended Coats Group and Redrow. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

UK electric vehicle shares

In the UK, the biggest is Johnson Matthey (LSE: JMAT). The company’s new markets division specialises in providing battery materials and fuel cell technologies to the transport sector. Its battery materials are designed for the electric batteries that power electric and hybrid vehicles. They make the batteries more powerful and improve their range.

Johnson Matthey’s fuel cell technologies are aimed at another interesting automotive trend, hydrogen-powered vehicles. Compared to pure electric batteries, hydrogen’s applications are less commercially developed, so its mass adoption is further in the future. But its benefits are tangible. So it’s fully expected to be rolled out at scale eventually.

Currently, the new markets division makes up only 9% of total sales. The bulk of the company’s sales come from producing catalysts for petrol, diesel and hybrid vehicles. Its catalysts improve vehicle emissions, so look set to benefit from tighter regulations. They also provide a reliable flow of revenues. While petrol and diesel vehicles may be on their way out, hybrid vehicles will play an increasingly important role in the decades to come. Johnson Matthey is also well exposed to the world’s largest vehicle market, China, responsible for 15% of company sales.

The new markets division isn’t actually profitable yet. Trading at 16 times last year’s earnings, the company’s share price assumes smooth and profitable growth for the new division. But even without an electric vehicle revolution, I think the backbone of the company is solid. It’s a market leader in its clean air business. What’s more, it has a strong balance sheet, a flexible cost base, and a decent dividend.

Another option

Another electric vehicle share is TI Fluid Systems (LSE: TIFS). The company manufactures thermal management and fuel tank systems for petrol, diesel, hybrid and electric vehicles. It’s a market leader in its main markets, and has existing relationships with all of the major vehicle manufacturers.

Hybrid and electric vehicles require more thermal management and fluid handling systems, compared with petrols and diesels. This provides TI with more products to sell per vehicle, meaning that it can make more money per vehicle and more money per automaker. Again, like Johnson Matthey, the company is well exposed to China and Asia.

Bloomberg has predicted that there could be 60m electric vehicle sales a year by 2040. The Chinese government has targeted 7m sales a year by 2025. Considering that only 2m were sold worldwide in 2018, this remains a big jump. Even if these targets are missed, there will undoubtedly be a huge increase in electric vehicles over the next few decades. Both of these companies should benefit.

But for me there’s only one winner. TI Fluid Systems is almost a pure play on this electrical revolution and looks like it has more to gain. More than 30% of Johnson Matthey’s sales come from outside of the automotive sector, where margins are lower and the story isn’t as favourable. TI is also much better value, with a P/E (price to earnings) of just seven. That’s why it’s the electric vehicle share I’d buy.

The post 2 electric vehicle shares I think could race upwards appeared first on The Twelfth Magpie.

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Thomas has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

However, right now, shares in the business are trading at such a low valuation that I think investors buying today could pocket substantial profits even though Dixons’s earnings are not expected to return to growth perhaps until 2021.

Indeed, at the time of writing, shares in the company are changing hands at a forward P/E ratio of around 5 compared to the market average of 12.7. This implies that when growth returns, the stock could rise 100% from current levels. Granted, it is going to be some time before turnaround starts to bear fruit. Last week the firm said it expects to report overall headline profit before tax for the current year of £210m, down from £298m last year. Nevertheless, management seems confident that growth will return in the second half of the next decade. 

In the meantime, shares in this consumer electronics business will pay a dividend of 6.75p per share this year, giving a dividend yield of 6% at current prices. 

Surging profits

Another undervalued FTSE 250 stock that I think could double from current levels is OneSavings Bank (LSE: OSB). This challenger bank has carved out a niche for itself in the buy-to-let lending market over the past nine years. As the company has won over new customers with its refreshing lending proposition, net profit has increased at a compound annual rate of 39% since 2013, rising from £27m to £140m for 2018. City analysts are expecting this trend to continue for the next two years. Net profit is expected to hit £172m in 2020, which implies the bank will report earnings per share of 65.8p for the year, giving a 2020 PE of 5.8.

In my opinion, this valuation severely undervalues the bank and its prospects. Considering OneSavings is one of the fastest growing banks in the UK, I think it deserves a premium valuation to the rest of the banking sector, which is currently dealing at a median P/E multiple of 7.6.

And as well as the discount valuation, the stock supports a dividend yield of 4.4%, which analysts believe will hit 5% in 2020 as the group increases its distribution to shareholders in line with earnings growth.

Boring but essential

TI Fluid Systems (LSE: TIFS) isn’t the most exciting business on the market, but when it comes to undervalued growth, this company looks to me to be a steal. The firm manufactures fluid storage, carrying and delivery systems primarily for vehicles, and over the past few years, revenues have increased at a compound annual rate of 7%.

Net profit has risen from just €13.4m in 2014 to €138m for 2018 and City analysts are expecting the group to report €151m of net profit in 2019. However, despite this explosive growth, shares in the company are currently dealing at what I believe to be a discount valuation of just 6.4 times forward earnings.

On top of this attractive multiple, the stock supports a dividend yield of 4.5%, which analysts believe will increase to 4.8% next year with scope to rise above 5% by 2021 as management continues to hike the dividend in line with earnings growth. The payout is covered 3.3 times by earnings per share, leaving plenty of room for further increases in the years ahead as well.

The post 3 FTSE 250 dividend stocks with yields over 5% I think could double appeared first on The Twelfth Magpie.

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Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

The oil and gas company appears to offer a mix of growth, income and value investing potential that could mean it’s able to generate improving total returns. Alongside another attractive FTSE 350 share that reported results on Wednesday, it could be worth buying within a Stocks and Shares ISA.

Improving performance

The stock in question is manufacturer of automotive fluid storage TI Fluid Systems (LSE: TIFS). 2018 results showed it’s been able to successfully execute its hybrid electric vehicle and electric vehicle strategies, which have created organic growth opportunities. Revenues may have only increased by 2%, but a rise in profit for the year of 22% to €140.1m suggests that it’s delivering on its potential.

The company continues to work on new design and engineering thermal management and pressurised tank opportunities. It appears to be well-placed to benefit from rising demand for electric vehicles, which could produce a tailwind over the coming years.

With TI Fluid Systems trading on a price-to-earnings (P/E) ratio of 4.7, it appears to offer good value for money. Its bottom line is expected to rise by 8% in the current year, which suggests it may deliver improving share price performance over the long run. A dividend yield of 4.4% from a payout that is covered 4.8 times by profit suggests it may also have income investing potential.

Value opportunity

BP may also deliver strong dividend growth over the long run. The company has experienced a challenging decade. Its shares were hit, as was the wider FTSE 100, by the financial crisis. It then experienced a severe decline following the major Gulf of Mexico oil spill in 2010. This has put it under significant financial pressure ever since, with the oil price weakness from 2014 onwards only compounding its misery.

Now, though, the company has reported improving performance in recent quarters. This suggests it has the capacity to deliver net profit growth as well as a rising dividend. In fact, in the current year it’s forecast to post a rise in earnings of 11%, while a dividend yield of 5.6% indicates it could offer income investing potential.

Certainly, there’s scope for a pullback in the oil price. It’s made gains in recent weeks following a challenging period in the final quarter of 2018. However, it remains an uncertain period for the wider industry, and this situation could continue to develop over the long run. Therefore, while BP may always be a volatile stock, its P/E ratio of 11.7 indicates it offers a margin of safety, as well as growth and dividend investing prospects when compared to the wider FTSE 100.

The post The BP share price is a dirt-cheap FTSE 100 stock I’d buy for my ISA today appeared first on The Twelfth Magpie.

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Peter Stephens owns shares of BP. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

As such, it is down by 52% since May 2018. Although this suggests that investors continue to be worried about its future prospects, there could be scope for a turnaround. Alongside another declining stock which reported positive news on Monday, Royal Mail could be worth buying for the long term, in my opinion.

Growth potential

The company in question is TI Fluid Systems (LSE: TFS). The manufacturer of highly engineered automotive fluid storage, carrying and delivery systems for light vehicles released a trading statement for the 2018 financial year. It expects its financial performance to be in line with previous expectations, with revenue due to be €3.5bn. This is forecast to be 3% in excess of the growth rate in global light vehicle production for the year.

As expected, the company’s 2018 adjusted operating margin is due to be in line with that of 2017. It remains optimistic regarding future growth, with it forecast to post a rise in net profit of 8% in the current year.

Following a share price decline of 33% in the last year, TI Fluid Systems now trades on a price-to-earnings growth (PEG) ratio of 1.1. This indicates that it offers a margin of safety and may be well-placed to deliver a turnaround. Although it may be an unstable period for the business, with it also announcing the resignation of its CFO alongside its trading update, in the long run it could offer capital growth potential.

Turnaround opportunity

As ever, buying a stock after a large fall in its market value may be a risky move. After all, in Royal Mail’s case, investors seem to be downbeat about its prospects. It faces the ongoing threat of nationalisation should there be a change in government. It also expects demand for its services to change, with its letters division in a constant state of decline. And while its parcels segment may offset this to some extent as online shopping growth remains buoyant, it could prove to be a painful transition.

However, with Royal Mail now having a price-to-earnings (P/E) ratio of around 8, it could be a worthwhile value investing opportunity. The stock has a dividend yield of 8.2%. Since dividend payments are expected to be covered 1.6 times by profit this year and earnings are forecast to grow by 2% next year, its dividend affordability appears to be high.

As such, there could be an income and value investing opportunity on offer. Earnings growth may prove to be elusive for the company as its industry experiences further changes. But with scope for improved efficiency and growth outside of the UK, it could prove to be a sound recovery stock in the long run.

The post FTSE 250-member Royal Mail’s share price is in freefall! This is what I think you should do appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Strong fundamentals

TI Fluid Systems (LSE: TIFS) is one stock which you may have never heard of, but I believe it deserves far more attention from the investment community because of its leading global market positioning.

The company, which designs and manufactures automotive fluid storage, carrying and delivery systems, has a global manufacturing presence and a long-standing technical expertise that earns it strong global market positions in the key markets in which it operates in. Based on production volumes in 2016, the company had an estimated market share of 35% in the brake and fuel line market, in addition to a 15% share in the plastic fuel tank market

Amid favourable tailwinds, most notably rising global light vehicle production, TI Fluid Systems’ revenues and profits have grown robustly. Most recently, in 2017, revenue increased by 4.2% to €3.49bn, while profit for the year climbed to €115.2m, up from €43.9m a year earlier, after it was partially boosted by a lower tax expense.

Undemanding valuations

Going forward, City analysts are highly excited. Adjusted earnings per share are expected to rise by 62% this year to 36.9p, giving it a forward P/E of only 6.8. And out of five analysts covering the stock, three have ‘strong buy’ recommendations, while the other two are ‘holds’.

However, one concern in the longer term is the growing adoption of electric vehicles. While TI Fluid Systems claims it is well placed to capitalise on growing demand for thermal management systems needed in electric car batteries, it remains to be seen whether the company can more than offset the loss from its Fuel Tank and Delivery Systems business. This currently accounts for no less than 40% of its total revenues.

Earnings growth

Looking elsewhere, Croydon-based Zotefoams (LSE: ZTF), a materials technology company which manufactures high-performance polymer foams, also looks poised to deliver impressive earnings growth in the near term.

City analysts expect Zotefoams to deliver an increase in adjusted EPS of 10% this year, with a further increase of 25% pencilled in for 2019. This puts its shares at 34.6 times this year’s expected earnings (or 27.7 times its forecast earnings in 2019) — a substantial premium to the market.

However, quality always comes at a price. On the upside, Zotefoam’s longer-term fundamentals are in really good shape. The company is seeing positive trading momentum, as recent results showed continued organic revenue growth across its key markets. It also recently completed its major US expansion investment, which would boost its production capacity in anticipation of a ramp-up in sales of high performance foams.

Opportunities opening up

News in December that the company secured a partnership with Nike to exclusively develop and manufacture foam innovations for a new generation of high-performance athletic products sent shares in Zotefoams sharply higher. They’re now worth 40% more than before the announcement, reflecting investor belief in the long-term growth prospects of its higher-margin high-performance materials.

Given these opportunities opening up for the business and the company’s unique IP strength, I reckon Zotefoams is on course to deliver robust earnings growth for a number of years to come.

The post ISA season: 2 monster growth stocks for the new tax year appeared first on The Twelfth Magpie.

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Jack Tang has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

The reason why I believe investors are ignoring the company is that it’s boring. TI Fluid is a manufacturer of “highly engineered automotive fluid storage, carrying and delivery systems for light vehicles“. This niche, specialist sector is hardly exciting. However, the group is growing steadily and its unique offering deserves more attention in my opinion. 

Growing steadily 

Today the company reported revenue growth of 5.4% for the year ended December 2017 and adjusted EBITDA growth of 5.6%. An increase in global light vehicle production volumes of 2.1% helped the firm boost earnings while an increase in its adjusted EBITDA margin to 14.1% from 13.9% also helped to improve profitability. What’s more, unlike many other businesses that have recently come to market, TI Fluid has a relatively stable balance sheet with adjusted debt-to-EBITDA at the end of 2017 of only 1.8 times.

Based on the figures published today by the company, shares in TI Fluid are trading at a P/E of 10.9. City analysts are expecting further double-digit growth in earnings per share this year. Based on these projections, the stock is trading at a high single-digit earnings multiple. 

Even if City estimates turn out to be incorrect, shares in TI Fluid look to me to be too cheap considering the firm’s double-digit earnings growth rate. That said, as the group only went public in October last year, this low valuation does not surprise me. Investors tend to shy away from newly public businesses until the company has proven itself. With this being the case, it may only be a matter of time before the shares suddenly re-rate higher so it could pay to take this opportunity while it is still around.

2020 vision 

Another potential secret bargain stock I like is Tharisa (LSE: THS). This is an investment holding company with interests in platinum metals and chrome mining processing operations. These projects have only started to pay off in the past three years, but now they are up and running, the firm is highly profitable.

Between 2012 and 2014 Tharisa reported losses of $123m, but in 2016 the company booked a net profit of $58m, up from $14m for 2015 and over the next two years, City analysts are expecting the firm to produce a total net income of $115m. Following this growth, I believe Tharisa will move from a net debt position of $75m in 2014 to a substantial net cash position by 2019.

Right now, the market is not placing any value on this growth that all. The shares are currently trading at a 2019 P/E of 7.2 and dividend yield of 2.9%. The payout is covered more than four times by earnings per share, and as the company’s balance sheet improves, there should be further growth in the distribution. Management has a ‘Vision 2020’ plan in place to dramatically increase production in the next three years, which should help it meet, or possibly surpass City growth targets.

The post You might regret overlooking these secret 2 bargain growth stocks appeared first on The Twelfth Magpie.

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Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Time to pump the brakes?

The first recent IPO I’m taking a look at today is £1.2bn market cap automotive parts supplier TI Fluid Systems (LSE: TIFS). It is the market leader in production of light vehicle components such as brake lines and fuel tanks for major global manufacturers from its manufacturing base of 123 locations in 29 countries.

While I like that TIFS is a market leader and reckon its investors could do very well if global auto markets stay hot, I see a few red flags that will stop me from investing in it at this point.

The first is the nature of the industry, which sees suppliers constantly squeezed by OEMs to produce greater volumes of parts more quickly and at lower prices. Furthermore, car makers often do not sign agreements to buy a certain volume of suppliers’ output, meaning if global auto sales fall, TIFS and other suppliers are left with expensive facilities, fewer sales and falling operational gearing.

Second, private equity floats always make me nervous, which is why TIFS gives me pause as it was taken public by PE shop Bain Capital, which still owns over 60% of the shares. On top of that the entire £320m raised at admission went to paying down some of the still substantial debt TIFS was saddled with during Bain’s ownership.

Can they repeat their previous success?

Today I’m casting my eye over streetwear retailer Footasylum (LSE: FOOT), which was started by one of the co-founders of JD Sports, is run by his daughter as CEO, and claims the other co-founder of JD Sports as the chairman of the board.  

The group focuses on the 16-24 age range and seeks to supply them with the latest on-trend products.These come from well-known multinational brands such as Nike, plus boutique brands, and its stable of own-labels. Names such as Glorious Gangsta and Condemned Nation seem pulled straight from some 90s gangster rap track rather than the minds of 50-year-old millionaires from Bury. But it works.

The fancifully named fashion labels are proving popular with the company’s target age group as revenue from fiscal year 2015 to 2017 increased by a CAGR of 37% to hit £147m, with EBITDA up 126% annually over the same period to £11.2m. As the chain adds new stores to its estate and sees a greater proportion of online sales, this trend is continuing with revenue up 33.4% year-on-year to £89.8m in the 18 weeks to December.

Looking ahead, the group will benefit as long as streetwear and athleisure are the name of the game in fashion. And while Footasylum is going up against larger, better financed rivals in catering to its fickle target age group, its small size and ability to quickly stock the hottest products is probably more of a help than a hindrance.

For now, I’m happy to sit on the sidelines and see if current fashion trends have more staying power than previous ones while Footasylum grows into its rich valuation of 42 times earnings.

The post 2 hot new IPOs that could make you very rich appeared first on The Twelfth Magpie.

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Ian Pierce has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.