View ValuationTalgo 将来の成長Future 基準チェック /46Talgo利益と収益がそれぞれ年間127%と13.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.8% 31.7%なると予測されています。主要情報127.0%収益成長率31.67%EPS成長率Machinery 収益成長22.8%収益成長率13.2%将来の株主資本利益率11.75%アナリストカバレッジLow最終更新日19 May 2026今後の成長に関する最新情報Major Estimate Revision • Nov 12Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €630.5m to €600.5m. Now expected to report a loss of €0.37 per share instead of €0.17 per share profit previously forecast. Machinery industry in Spain expected to see average net income growth of 25% next year. Consensus price target of €3.63 unchanged from last update. Share price rose 8.7% to €2.86 over the past week.Price Target Changed • Jul 29Price target decreased by 7.5% to €3.58Down from €3.87, the current price target is an average from 5 analysts. New target price is 19% above last closing price of €3.01. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.17 next year compared to a net loss per share of €0.86 last year.Price Target Changed • Mar 03Price target decreased by 8.0% to €3.93Down from €4.27, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €3.50.Major Estimate Revision • Dec 26Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €656.3m to €671.8m. EPS estimate fell from €0.137 to €0.103 per share. Net income forecast to shrink 17% next year vs 25% growth forecast for Machinery industry in Spain . Consensus price target down from €4.45 to €4.27. Share price was steady at €3.42 over the past week.分析記事 • Mar 03Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year ResultsLast week, you might have seen that Talgo, S.A. ( BME:TLGO ) released its annual result to the market. The early...Major Estimate Revision • Mar 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.243 to €0.215 per share. Revenue forecast steady at €546.2m. Net income forecast to grow 8.2% next year vs 17% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.42. Share price fell 2.9% to €3.47 over the past week.すべての更新を表示Recent updatesお知らせ • May 07Talgo, S.A. to Report Q1, 2026 Results on May 13, 2026Talgo, S.A. announced that they will report Q1, 2026 results at 5:30 PM, Central European Standard Time on May 13, 2026お知らせ • Apr 29Talgo, S.A., Annual General Meeting, Jun 02, 2026Talgo, S.A., Annual General Meeting, Jun 02, 2026. Location: calle postas 13-15, centro cultural arkabia, vitoria-gasteiz, alava., SpainBoard Change • Mar 12High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Antonio Oporto del Olmo is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Feb 27Talgo, S.A. to Report Fiscal Year 2025 Results on Feb 27, 2026Talgo, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 27, 2026Major Estimate Revision • Nov 12Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €630.5m to €600.5m. Now expected to report a loss of €0.37 per share instead of €0.17 per share profit previously forecast. Machinery industry in Spain expected to see average net income growth of 25% next year. Consensus price target of €3.63 unchanged from last update. Share price rose 8.7% to €2.86 over the past week.お知らせ • Nov 05Talgo, S.A. to Report Q3, 2025 Results on Nov 13, 2025Talgo, S.A. announced that they will report Q3, 2025 results at 5:30 PM, Central European Standard Time on Nov 13, 2025Price Target Changed • Jul 29Price target decreased by 7.5% to €3.58Down from €3.87, the current price target is an average from 5 analysts. New target price is 19% above last closing price of €3.01. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.17 next year compared to a net loss per share of €0.86 last year.お知らせ • Jul 26Talgo, S.A. announced that it expects to receive €150 million in fundingTalgo, S.A announced a private placement of convertible bonds for gross proceeds €150,000,000 on July 24, 2025. The transaction includes participation from State-owned Industrial Holdings Company, Ekarpen, the BBK Foundation, the Vital Foundation, and Clerbil. The transaction is subject to approval by the extraordinary shareholders' meetingお知らせ • Jul 08Talgo, S.A. to Report First Half, 2025 Results on Aug 01, 2025Talgo, S.A. announced that they will report first half, 2025 results on Aug 01, 2025お知らせ • Jul 02Talgo, S.A., Annual General Meeting, Aug 01, 2025Talgo, S.A., Annual General Meeting, Aug 01, 2025. Location: paseo del tren talgo 2, las matas., madrid SpainReported Earnings • Jun 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: €0.86 loss per share (down from €0.11 profit in FY 2023). Revenue: €672.2m (up 2.7% from FY 2023). Net loss: €106.1m (down €119.8m from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jun 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to €3.24. The fair value is estimated to be €4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only.お知らせ • May 07Talgo, S.A. to Report Q1, 2025 Results on May 26, 2025Talgo, S.A. announced that they will report Q1, 2025 results at 5:30 PM, Central European Standard Time on May 26, 2025Price Target Changed • Mar 03Price target decreased by 8.0% to €3.93Down from €4.27, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €3.50.Reported Earnings • Mar 03Full year 2024 earnings releasedFull year 2024 results: Revenue: €687.8m (up 5.1% from FY 2023). Net loss: €107.9m (down €121.6m from profit in FY 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Spain.New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change).お知らせ • Jan 31Talgo, S.A. to Report Fiscal Year 2024 Results on Feb 25, 2025Talgo, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 25, 2025Major Estimate Revision • Dec 26Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €656.3m to €671.8m. EPS estimate fell from €0.137 to €0.103 per share. Net income forecast to shrink 17% next year vs 25% growth forecast for Machinery industry in Spain . Consensus price target down from €4.45 to €4.27. Share price was steady at €3.42 over the past week.Board Change • Dec 01Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Marisa Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Oct 23Talgo, S.A. to Report Q3, 2024 Results on Nov 19, 2024Talgo, S.A. announced that they will report Q3, 2024 results at 5:30 PM, Central European Standard Time on Nov 19, 2024お知らせ • Aug 30Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others.Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag made an offer to acquire Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others for approximately €620 million on March 6, 2024. Ganz-mavag offered to the Talgo's shareholders is €5 per share and will be totally paid in cash. As a consequence, the maximum total amount to be disbursed by the Offeror will be €619.30 million. The Offeror has binding commitment letters from its shareholders (Ganz-Mavag Holding Kft. and Corvinus Zrt.), which in turn have both bank and equity binding financing commitments, to pay the total consideration of the offer. The Board of Directors of Talgo has unanimously confirmed that the Offer is friendly and that the consideration offered is attractive for Talgo 's shareholders, expressing a preliminary favorable view on such price offered. The transaction is subject to relevant anti-trust clearances and Foreign direct investment authorizations in other countries. After completion of the relevant competition law analysis, it is confirmed that, pursuant to the provisions of article 26.1 of Royal Decree 1066/2007, the Offer is conditional upon the economic concentration that will take place as a result of the settlement of the Offer obtaining the following mandatory antitrust authorisations imposing no conditions: The European Commission, The Competition Authority of Albania, The Competition Authority of Kosovo, The Competition Authority of Montenegro, The Competition Authority of Serbia, The Egyptian Competition Authority under the Egyptian Antitrust and The General Authority for Competition in Saudi Arabia. As of April 4, 2024, Ganz-Mavag Europe Requests For Authorisation Of Voluntary Takeover Bid For Shares Of Talgo and The decision to launch the Offer is not subject to the approval by the general shareholders' meeting of the Offeror. As of June 19, 2024, Government extends the deadlines to resolve the Talgo takeover bid. As announced on July 3, 2024, the Government can extend the deadline for the approval of the operation that is due on August 10. Ganz-Mavag have the support of the Hungarian banks to finance the €600 million that the operation costs and also that of the Spanish banks to continue financing Talgo's activity. AS of July 29, 2024, Government has given itself to make a final decision on the veto of the takeover bid that the Hungarian Magyar Vagon launched for Talgo. As of August 27, 2024, The Foreign Investment Board, an agency dependent on the Ministry of Economy, has rejected the purchase. The Government has cited reasons of "national security" to reject the takeover bid. Magyar Vagon is still waiting for an official response. Lazard acted as financial advisor to Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag and J&A Garrigues acted as legal advisors to Offeror. Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others on August 30, 2024. The deal got cancelled as the acquisition was blocked by the Spanish government.Reported Earnings • Aug 05First half 2024 earnings released: EPS: €0.12 (vs €0.058 in 1H 2023)First half 2024 results: EPS: €0.12 (up from €0.058 in 1H 2023). Revenue: €347.4m (up 20% from 1H 2023). Net income: €15.0m (up 112% from 1H 2023). Profit margin: 4.3% (up from 2.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Jul 09Talgo, S.A. to Report First Half, 2024 Results on Jul 30, 2024Talgo, S.A. announced that they will report first half, 2024 results on Jul 30, 2024分析記事 • Mar 03Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year ResultsLast week, you might have seen that Talgo, S.A. ( BME:TLGO ) released its annual result to the market. The early...Reported Earnings • Mar 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €676.5m (up 44% from FY 2022). Net income: €12.2m (up €10.8m from FY 2022). Profit margin: 1.8% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Spain.分析記事 • Feb 09Talgo (BME:TLGO) Has More To Do To Multiply In Value Going ForwardDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...お知らせ • Jan 30Talgo, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024Talgo, S.A. announced that they will report fiscal year 2023 results at 5:30 PM, Central European Standard Time on Feb 28, 2024New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin).Reported Earnings • Jul 31First half 2023 earnings released: EPS: €0.058 (vs €0.045 in 1H 2022)First half 2023 results: EPS: €0.058 (up from €0.045 in 1H 2022). Revenue: €289.8m (up 33% from 1H 2022). Net income: €7.10m (up 29% from 1H 2022). Profit margin: 2.4% (down from 2.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.お知らせ • Jul 18Talgo, S.A. to Report First Half, 2023 Results on Jul 27, 2023Talgo, S.A. announced that they will report first half, 2023 results on Jul 27, 2023お知らせ • Jun 15Talgo, S.A., Annual General Meeting, Jun 29, 2023Talgo, S.A., Annual General Meeting, Jun 29, 2023.Buying Opportunity • Apr 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be €4.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 53% per annum over the same time period.Reported Earnings • Mar 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €0.01 (down from €0.22 in FY 2021). Revenue: €469.1m (down 16% from FY 2021). Net income: €1.44m (down 95% from FY 2021). Profit margin: 0.3% (down from 5.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Mar 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.243 to €0.215 per share. Revenue forecast steady at €546.2m. Net income forecast to grow 8.2% next year vs 17% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.42. Share price fell 2.9% to €3.47 over the past week.お知らせ • Feb 17Talgo, S.A. to Report Fiscal Year 2022 Results on Feb 28, 2023Talgo, S.A. announced that they will report fiscal year 2022 results at 5:30 PM, Central European Standard Time on Feb 28, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Maria Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Aug 05We Think You Should Be Aware Of Some Concerning Factors In Talgo's (BME:TLGO) EarningsThe recent earnings posted by Talgo, S.A. ( BME:TLGO ) were solid, but the stock didn't move as much as we expected. We...分析記事 • Aug 03Bearish: Analysts Just Cut Their Talgo, S.A. (BME:TLGO) Revenue and EPS estimatesOne thing we could say about the analysts on Talgo, S.A. ( BME:TLGO ) - they aren't optimistic, having just made a...Price Target Changed • Aug 02Price target decreased to €4.41Down from €4.76, the current price target is an average from 8 analysts. New target price is 61% above last closing price of €2.74. Stock is down 37% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.22 last year.Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €10.2m from profit in 1H 2021). Profit margin: (down from 3.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 15%, compared to a 1.0% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Jul 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €550.4m to €531.9m. EPS estimate also fell from €0.25 per share to €0.21 per share. Net income forecast to grow 1.6% next year vs 14% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.73. Share price fell 12% to €2.90 over the past week.分析記事 • Jun 15At €3.40, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it saw significant share price movement during...Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Maria Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Mar 06Talgo (BME:TLGO) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Feb 26Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.22 (up from €0.14 loss in FY 2020). Revenue: €555.4m (up 14% from FY 2020). Net income: €27.6m (up €45.0m from FY 2020). Profit margin: 5.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 6.0%, compared to a 5.2% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.分析記事 • Jan 15At €5.06, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?Talgo, S.A. ( BME:TLGO ), might not be a large cap stock, but it saw a decent share price growth in the teens level on...分析記事 • Dec 18Talgo, S.A. (BME:TLGO) Shares Could Be 40% Below Their Intrinsic Value EstimateIn this article we are going to estimate the intrinsic value of Talgo, S.A. ( BME:TLGO ) by projecting its future cash...分析記事 • Nov 29Talgo (BME:TLGO) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.086The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €144.7m (up 11% from 3Q 2020). Net income: €10.5m (up €12.4m from 3Q 2020). Profit margin: 7.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.分析記事 • Aug 07Are Investors Undervaluing Talgo, S.A. (BME:TLGO) By 30%?In this article we are going to estimate the intrinsic value of Talgo, S.A. ( BME:TLGO ) by projecting its future cash...Reported Earnings • Jul 29Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €142.7m (up 40% from 2Q 2020). Net income: €3.75m (up €14.4m from 2Q 2020). Profit margin: 2.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.分析記事 • Jun 05What Does Talgo, S.A.'s (BME:TLGO) Share Price Indicate?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it received a lot of attention from a substantial...Reported Earnings • May 19First quarter 2021 earnings released: EPS €0.052The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €150.6m (up 30% from 1Q 2020). Net income: €6.40m (up 31% from 1Q 2020). Profit margin: 4.2% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.分析記事 • May 13We Think Talgo (BME:TLGO) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analyst Estimate Surprise Post Earnings • Mar 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 9,972%. Over the next year, revenue is forecast to grow 19%, compared to a 5.0% growth forecast for the Machinery industry in Spain.Reported Earnings • Mar 05Full year 2020 earnings released: €1.40 loss per share (vs €0.30 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €489.0m (up 21% from FY 2019). Net loss: €17.4m (down 145% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Mar 02A Look At The Intrinsic Value Of Talgo, S.A. (BME:TLGO)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Talgo, S.A. ( BME:TLGO...分析記事 • Feb 12Here's What To Make Of Talgo's (BME:TLGO) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Jan 22Is Talgo, S.A. (BME:TLGO) Popular Amongst Institutions?The big shareholder groups in Talgo, S.A. ( BME:TLGO ) have power over the company. Institutions will often hold stock...Is New 90 Day High Low • Jan 09New 90-day high: €4.54The company is up 26% from its price of €3.60 on 09 October 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.24 per share.分析記事 • Jan 04Is There Now An Opportunity In Talgo, S.A. (BME:TLGO)?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it led the BME gainers with a relatively large...分析記事 • Dec 16Talgo's(BME:TLGO) Share Price Is Down 24% Over The Past Year.While it may not be enough for some shareholders, we think it is good to see the Talgo, S.A. ( BME:TLGO ) share price...Is New 90 Day High Low • Dec 10New 90-day high: €4.45The company is up 11% from its price of €4.00 on 10 September 2020. The Spanish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.16 per share.分析記事 • Dec 01Estimating The Fair Value Of Talgo, S.A. (BME:TLGO)Does the December share price for Talgo, S.A. (BME:TLGO) reflect what it's really worth? Today, we will estimate the...Is New 90 Day High Low • Nov 16New 90-day high: €4.04The company is up 6.0% from its price of €3.81 on 18 August 2020. The Spanish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.88 per share.Price Target Changed • Nov 16Price target lowered to €5.44Down from €5.92, the current price target is an average from 8 analysts. The new target price is 35% above the current share price of €4.04. As of last close, the stock is down 33% over the past year.Reported Earnings • Nov 14Third quarter 2020 earnings released: €0.014 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: €129.9m (up 17% from 3Q 2019). Net loss: €1.90m (down 117% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Nov 12Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from €0.15 to €0.13. No change was made to the revenue estimate which at the last update was €469.2m. Net income is expected to grow by 66% next year compared to 66% growth forecast for the Machinery industry in Spain. The consensus price target of €5.53 was unchanged from the last update. Share price is up 15% to €3.55 over the past week.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 21% share price gain to €3.76, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 20.7x. This compares to an average P/E of 23x in the Machinery industry in Spain. Total return to shareholders over the past three years is a loss of 4.6%.Is New 90 Day High Low • Oct 16New 90-day low: €3.29The company is down 21% from its price of €4.17 on 17 July 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.54 per share.Is New 90 Day High Low • Sep 24New 90-day low: €3.55The company is down 14% from its price of €4.12 on 26 June 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.20 per share.業績と収益の成長予測BME:TLGO - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202897326N/AN/A212/31/2027807197398412/31/202672786490312/31/2025635-101-102-102N/A9/30/2025616-143-107-83N/A6/30/2025597-185-111-64N/A3/31/2025634-146-135-87N/A12/31/2024672-106-159-111N/A9/30/2024692-42-169-124N/A6/30/202471222-179-138N/A3/31/202468318-161-127N/A12/31/202365514-142-116N/A9/30/20235988-75-51N/A6/30/20235423-914N/A3/31/20235062-28-6N/A12/31/20224711-48-25N/A9/30/202246310N/AN/AN/A6/30/202248123-90-67N/A3/31/202251524N/AN/AN/A12/31/202155728430N/A9/30/202158011N/AN/AN/A6/30/2021565-2-94-65N/A3/31/2021524-16N/AN/AN/A12/31/2020489-17-110-86N/A9/30/20204736N/AN/AN/A6/30/202045419-617N/A3/31/202043236N/AN/AN/A12/31/2019405382846N/A9/30/201936728N/AN/AN/A6/30/201933222N/A183N/A3/31/201932921N/AN/AN/A12/31/201832718N/A152N/A9/30/201832414N/AN/AN/A6/30/201833418N/A155N/A3/31/201835023N/AN/AN/A12/31/201738634N/A185N/A9/30/201743653N/AN/AN/A6/30/201749853N/A21N/A3/31/201755359N/AN/AN/A12/31/201658262N/A-58N/A9/30/201660953N/AN/AN/A6/30/201661071N/A-32N/A3/31/201658869N/AN/AN/A12/31/201552460N/A-20N/A9/30/201548667N/AN/AN/A6/30/201542347N/A-52N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TLGOは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.7% ) よりも高い成長率であると考えられます。収益対市場: TLGO今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: TLGO今後 3 年以内に収益を上げることが予想されます。収益対市場: TLGOの収益 ( 13.2% ) Spanish市場 ( 6.4% ) よりも速いペースで成長すると予測されています。高い収益成長: TLGOの収益 ( 13.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TLGOの 自己資本利益率 は、3年後には低くなると予測されています ( 11.8 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 01:51終値2026/05/25 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Talgo, S.A. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関null nullBanco de Sabadell. S.A.Jaime EscribanoBanco SantanderBruno BessaCaixa Banco BPI5 その他のアナリストを表示
Major Estimate Revision • Nov 12Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €630.5m to €600.5m. Now expected to report a loss of €0.37 per share instead of €0.17 per share profit previously forecast. Machinery industry in Spain expected to see average net income growth of 25% next year. Consensus price target of €3.63 unchanged from last update. Share price rose 8.7% to €2.86 over the past week.
Price Target Changed • Jul 29Price target decreased by 7.5% to €3.58Down from €3.87, the current price target is an average from 5 analysts. New target price is 19% above last closing price of €3.01. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.17 next year compared to a net loss per share of €0.86 last year.
Price Target Changed • Mar 03Price target decreased by 8.0% to €3.93Down from €4.27, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €3.50.
Major Estimate Revision • Dec 26Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €656.3m to €671.8m. EPS estimate fell from €0.137 to €0.103 per share. Net income forecast to shrink 17% next year vs 25% growth forecast for Machinery industry in Spain . Consensus price target down from €4.45 to €4.27. Share price was steady at €3.42 over the past week.
分析記事 • Mar 03Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year ResultsLast week, you might have seen that Talgo, S.A. ( BME:TLGO ) released its annual result to the market. The early...
Major Estimate Revision • Mar 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.243 to €0.215 per share. Revenue forecast steady at €546.2m. Net income forecast to grow 8.2% next year vs 17% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.42. Share price fell 2.9% to €3.47 over the past week.
お知らせ • May 07Talgo, S.A. to Report Q1, 2026 Results on May 13, 2026Talgo, S.A. announced that they will report Q1, 2026 results at 5:30 PM, Central European Standard Time on May 13, 2026
お知らせ • Apr 29Talgo, S.A., Annual General Meeting, Jun 02, 2026Talgo, S.A., Annual General Meeting, Jun 02, 2026. Location: calle postas 13-15, centro cultural arkabia, vitoria-gasteiz, alava., Spain
Board Change • Mar 12High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Antonio Oporto del Olmo is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Feb 27Talgo, S.A. to Report Fiscal Year 2025 Results on Feb 27, 2026Talgo, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 27, 2026
Major Estimate Revision • Nov 12Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €630.5m to €600.5m. Now expected to report a loss of €0.37 per share instead of €0.17 per share profit previously forecast. Machinery industry in Spain expected to see average net income growth of 25% next year. Consensus price target of €3.63 unchanged from last update. Share price rose 8.7% to €2.86 over the past week.
お知らせ • Nov 05Talgo, S.A. to Report Q3, 2025 Results on Nov 13, 2025Talgo, S.A. announced that they will report Q3, 2025 results at 5:30 PM, Central European Standard Time on Nov 13, 2025
Price Target Changed • Jul 29Price target decreased by 7.5% to €3.58Down from €3.87, the current price target is an average from 5 analysts. New target price is 19% above last closing price of €3.01. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.17 next year compared to a net loss per share of €0.86 last year.
お知らせ • Jul 26Talgo, S.A. announced that it expects to receive €150 million in fundingTalgo, S.A announced a private placement of convertible bonds for gross proceeds €150,000,000 on July 24, 2025. The transaction includes participation from State-owned Industrial Holdings Company, Ekarpen, the BBK Foundation, the Vital Foundation, and Clerbil. The transaction is subject to approval by the extraordinary shareholders' meeting
お知らせ • Jul 08Talgo, S.A. to Report First Half, 2025 Results on Aug 01, 2025Talgo, S.A. announced that they will report first half, 2025 results on Aug 01, 2025
お知らせ • Jul 02Talgo, S.A., Annual General Meeting, Aug 01, 2025Talgo, S.A., Annual General Meeting, Aug 01, 2025. Location: paseo del tren talgo 2, las matas., madrid Spain
Reported Earnings • Jun 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: €0.86 loss per share (down from €0.11 profit in FY 2023). Revenue: €672.2m (up 2.7% from FY 2023). Net loss: €106.1m (down €119.8m from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jun 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to €3.24. The fair value is estimated to be €4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
お知らせ • May 07Talgo, S.A. to Report Q1, 2025 Results on May 26, 2025Talgo, S.A. announced that they will report Q1, 2025 results at 5:30 PM, Central European Standard Time on May 26, 2025
Price Target Changed • Mar 03Price target decreased by 8.0% to €3.93Down from €4.27, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €3.50.
Reported Earnings • Mar 03Full year 2024 earnings releasedFull year 2024 results: Revenue: €687.8m (up 5.1% from FY 2023). Net loss: €107.9m (down €121.6m from profit in FY 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Spain.
New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change).
お知らせ • Jan 31Talgo, S.A. to Report Fiscal Year 2024 Results on Feb 25, 2025Talgo, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 25, 2025
Major Estimate Revision • Dec 26Consensus EPS estimates fall by 24%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €656.3m to €671.8m. EPS estimate fell from €0.137 to €0.103 per share. Net income forecast to shrink 17% next year vs 25% growth forecast for Machinery industry in Spain . Consensus price target down from €4.45 to €4.27. Share price was steady at €3.42 over the past week.
Board Change • Dec 01Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Marisa Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Oct 23Talgo, S.A. to Report Q3, 2024 Results on Nov 19, 2024Talgo, S.A. announced that they will report Q3, 2024 results at 5:30 PM, Central European Standard Time on Nov 19, 2024
お知らせ • Aug 30Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others.Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag made an offer to acquire Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others for approximately €620 million on March 6, 2024. Ganz-mavag offered to the Talgo's shareholders is €5 per share and will be totally paid in cash. As a consequence, the maximum total amount to be disbursed by the Offeror will be €619.30 million. The Offeror has binding commitment letters from its shareholders (Ganz-Mavag Holding Kft. and Corvinus Zrt.), which in turn have both bank and equity binding financing commitments, to pay the total consideration of the offer. The Board of Directors of Talgo has unanimously confirmed that the Offer is friendly and that the consideration offered is attractive for Talgo 's shareholders, expressing a preliminary favorable view on such price offered. The transaction is subject to relevant anti-trust clearances and Foreign direct investment authorizations in other countries. After completion of the relevant competition law analysis, it is confirmed that, pursuant to the provisions of article 26.1 of Royal Decree 1066/2007, the Offer is conditional upon the economic concentration that will take place as a result of the settlement of the Offer obtaining the following mandatory antitrust authorisations imposing no conditions: The European Commission, The Competition Authority of Albania, The Competition Authority of Kosovo, The Competition Authority of Montenegro, The Competition Authority of Serbia, The Egyptian Competition Authority under the Egyptian Antitrust and The General Authority for Competition in Saudi Arabia. As of April 4, 2024, Ganz-Mavag Europe Requests For Authorisation Of Voluntary Takeover Bid For Shares Of Talgo and The decision to launch the Offer is not subject to the approval by the general shareholders' meeting of the Offeror. As of June 19, 2024, Government extends the deadlines to resolve the Talgo takeover bid. As announced on July 3, 2024, the Government can extend the deadline for the approval of the operation that is due on August 10. Ganz-Mavag have the support of the Hungarian banks to finance the €600 million that the operation costs and also that of the Spanish banks to continue financing Talgo's activity. AS of July 29, 2024, Government has given itself to make a final decision on the veto of the takeover bid that the Hungarian Magyar Vagon launched for Talgo. As of August 27, 2024, The Foreign Investment Board, an agency dependent on the Ministry of Economy, has rejected the purchase. The Government has cited reasons of "national security" to reject the takeover bid. Magyar Vagon is still waiting for an official response. Lazard acted as financial advisor to Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag and J&A Garrigues acted as legal advisors to Offeror. Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others on August 30, 2024. The deal got cancelled as the acquisition was blocked by the Spanish government.
Reported Earnings • Aug 05First half 2024 earnings released: EPS: €0.12 (vs €0.058 in 1H 2023)First half 2024 results: EPS: €0.12 (up from €0.058 in 1H 2023). Revenue: €347.4m (up 20% from 1H 2023). Net income: €15.0m (up 112% from 1H 2023). Profit margin: 4.3% (up from 2.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Jul 09Talgo, S.A. to Report First Half, 2024 Results on Jul 30, 2024Talgo, S.A. announced that they will report first half, 2024 results on Jul 30, 2024
分析記事 • Mar 03Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year ResultsLast week, you might have seen that Talgo, S.A. ( BME:TLGO ) released its annual result to the market. The early...
Reported Earnings • Mar 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €676.5m (up 44% from FY 2022). Net income: €12.2m (up €10.8m from FY 2022). Profit margin: 1.8% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Spain.
分析記事 • Feb 09Talgo (BME:TLGO) Has More To Do To Multiply In Value Going ForwardDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
お知らせ • Jan 30Talgo, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024Talgo, S.A. announced that they will report fiscal year 2023 results at 5:30 PM, Central European Standard Time on Feb 28, 2024
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin).
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €0.058 (vs €0.045 in 1H 2022)First half 2023 results: EPS: €0.058 (up from €0.045 in 1H 2022). Revenue: €289.8m (up 33% from 1H 2022). Net income: €7.10m (up 29% from 1H 2022). Profit margin: 2.4% (down from 2.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
お知らせ • Jul 18Talgo, S.A. to Report First Half, 2023 Results on Jul 27, 2023Talgo, S.A. announced that they will report first half, 2023 results on Jul 27, 2023
お知らせ • Jun 15Talgo, S.A., Annual General Meeting, Jun 29, 2023Talgo, S.A., Annual General Meeting, Jun 29, 2023.
Buying Opportunity • Apr 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be €4.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 53% per annum over the same time period.
Reported Earnings • Mar 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €0.01 (down from €0.22 in FY 2021). Revenue: €469.1m (down 16% from FY 2021). Net income: €1.44m (down 95% from FY 2021). Profit margin: 0.3% (down from 5.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Mar 03Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.243 to €0.215 per share. Revenue forecast steady at €546.2m. Net income forecast to grow 8.2% next year vs 17% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.42. Share price fell 2.9% to €3.47 over the past week.
お知らせ • Feb 17Talgo, S.A. to Report Fiscal Year 2022 Results on Feb 28, 2023Talgo, S.A. announced that they will report fiscal year 2022 results at 5:30 PM, Central European Standard Time on Feb 28, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Maria Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Aug 05We Think You Should Be Aware Of Some Concerning Factors In Talgo's (BME:TLGO) EarningsThe recent earnings posted by Talgo, S.A. ( BME:TLGO ) were solid, but the stock didn't move as much as we expected. We...
分析記事 • Aug 03Bearish: Analysts Just Cut Their Talgo, S.A. (BME:TLGO) Revenue and EPS estimatesOne thing we could say about the analysts on Talgo, S.A. ( BME:TLGO ) - they aren't optimistic, having just made a...
Price Target Changed • Aug 02Price target decreased to €4.41Down from €4.76, the current price target is an average from 8 analysts. New target price is 61% above last closing price of €2.74. Stock is down 37% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.22 last year.
Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €10.2m from profit in 1H 2021). Profit margin: (down from 3.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 15%, compared to a 1.0% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Jul 29Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €550.4m to €531.9m. EPS estimate also fell from €0.25 per share to €0.21 per share. Net income forecast to grow 1.6% next year vs 14% growth forecast for Machinery industry in Spain. Consensus price target broadly unchanged at €4.73. Share price fell 12% to €2.90 over the past week.
分析記事 • Jun 15At €3.40, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it saw significant share price movement during...
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Maria Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Mar 06Talgo (BME:TLGO) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Feb 26Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.22 (up from €0.14 loss in FY 2020). Revenue: €555.4m (up 14% from FY 2020). Net income: €27.6m (up €45.0m from FY 2020). Profit margin: 5.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 6.0%, compared to a 5.2% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 15At €5.06, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?Talgo, S.A. ( BME:TLGO ), might not be a large cap stock, but it saw a decent share price growth in the teens level on...
分析記事 • Dec 18Talgo, S.A. (BME:TLGO) Shares Could Be 40% Below Their Intrinsic Value EstimateIn this article we are going to estimate the intrinsic value of Talgo, S.A. ( BME:TLGO ) by projecting its future cash...
分析記事 • Nov 29Talgo (BME:TLGO) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.086The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €144.7m (up 11% from 3Q 2020). Net income: €10.5m (up €12.4m from 3Q 2020). Profit margin: 7.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
分析記事 • Aug 07Are Investors Undervaluing Talgo, S.A. (BME:TLGO) By 30%?In this article we are going to estimate the intrinsic value of Talgo, S.A. ( BME:TLGO ) by projecting its future cash...
Reported Earnings • Jul 29Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €142.7m (up 40% from 2Q 2020). Net income: €3.75m (up €14.4m from 2Q 2020). Profit margin: 2.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
分析記事 • Jun 05What Does Talgo, S.A.'s (BME:TLGO) Share Price Indicate?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it received a lot of attention from a substantial...
Reported Earnings • May 19First quarter 2021 earnings released: EPS €0.052The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €150.6m (up 30% from 1Q 2020). Net income: €6.40m (up 31% from 1Q 2020). Profit margin: 4.2% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
分析記事 • May 13We Think Talgo (BME:TLGO) Has A Fair Chunk Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analyst Estimate Surprise Post Earnings • Mar 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 9,972%. Over the next year, revenue is forecast to grow 19%, compared to a 5.0% growth forecast for the Machinery industry in Spain.
Reported Earnings • Mar 05Full year 2020 earnings released: €1.40 loss per share (vs €0.30 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €489.0m (up 21% from FY 2019). Net loss: €17.4m (down 145% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 02A Look At The Intrinsic Value Of Talgo, S.A. (BME:TLGO)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Talgo, S.A. ( BME:TLGO...
分析記事 • Feb 12Here's What To Make Of Talgo's (BME:TLGO) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Jan 22Is Talgo, S.A. (BME:TLGO) Popular Amongst Institutions?The big shareholder groups in Talgo, S.A. ( BME:TLGO ) have power over the company. Institutions will often hold stock...
Is New 90 Day High Low • Jan 09New 90-day high: €4.54The company is up 26% from its price of €3.60 on 09 October 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.24 per share.
分析記事 • Jan 04Is There Now An Opportunity In Talgo, S.A. (BME:TLGO)?Talgo, S.A. ( BME:TLGO ), is not the largest company out there, but it led the BME gainers with a relatively large...
分析記事 • Dec 16Talgo's(BME:TLGO) Share Price Is Down 24% Over The Past Year.While it may not be enough for some shareholders, we think it is good to see the Talgo, S.A. ( BME:TLGO ) share price...
Is New 90 Day High Low • Dec 10New 90-day high: €4.45The company is up 11% from its price of €4.00 on 10 September 2020. The Spanish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.16 per share.
分析記事 • Dec 01Estimating The Fair Value Of Talgo, S.A. (BME:TLGO)Does the December share price for Talgo, S.A. (BME:TLGO) reflect what it's really worth? Today, we will estimate the...
Is New 90 Day High Low • Nov 16New 90-day high: €4.04The company is up 6.0% from its price of €3.81 on 18 August 2020. The Spanish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.88 per share.
Price Target Changed • Nov 16Price target lowered to €5.44Down from €5.92, the current price target is an average from 8 analysts. The new target price is 35% above the current share price of €4.04. As of last close, the stock is down 33% over the past year.
Reported Earnings • Nov 14Third quarter 2020 earnings released: €0.014 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: €129.9m (up 17% from 3Q 2019). Net loss: €1.90m (down 117% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Nov 12Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from €0.15 to €0.13. No change was made to the revenue estimate which at the last update was €469.2m. Net income is expected to grow by 66% next year compared to 66% growth forecast for the Machinery industry in Spain. The consensus price target of €5.53 was unchanged from the last update. Share price is up 15% to €3.55 over the past week.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 21% share price gain to €3.76, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 20.7x. This compares to an average P/E of 23x in the Machinery industry in Spain. Total return to shareholders over the past three years is a loss of 4.6%.
Is New 90 Day High Low • Oct 16New 90-day low: €3.29The company is down 21% from its price of €4.17 on 17 July 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.54 per share.
Is New 90 Day High Low • Sep 24New 90-day low: €3.55The company is down 14% from its price of €4.12 on 26 June 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.20 per share.