tonies SE (TNIEF)

tonies SE (TNIEF) — VMCI valuation read

tonies SE sits at VMCI 52/100, with the Consumer Cyclical sector median at 50. That 2-point spread is the first thing to note on TNIEF: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on TNIEF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on TNIEF: TNIEF trades at 20.0x earnings, 11% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Consumer Cyclical median (10.0%). The Risk read: net debt to EBITDA of -0.3x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

TNIEF rose 3.0% over the trailing 7 days, with a +7.8% read on a 30-day basis.