Talgo (TLGO) 주식 개요Talgo는 전 세계 고속 경전철 차량을 설계, 제조 및 유지보수하는 회사입니다. 자세히 보기TLGO 펀더멘털 분석스노우플레이크 점수가치 평가6/6미래 성장4/6과거 실적0/6재무 건전성2/6배당0/6강점공정 가치 추정치보다 낮은 49.6% 에서 거래수익은 매년 115.65% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래분석가들은 주가가 20.1% 상승할 것이라는 데 동의합니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.모든 위험 점검 보기TLGO Community Fair Values Create NarrativeSee what 10 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN19.6% undervaluedAnalystConsensusTarget•4mo agoBacklog Expansion And Rail Demand Trends Will Support A Long-Term Earnings Turnaround701Top Analyst NarrativesTalgoANAnalystConsensusTargetBased on Analyst Price TargetsBacklog Expansion And Rail Demand Trends Will Support A Long-Term Earnings TurnaroundCatalysts About Talgo Talgo designs, manufactures and maintains innovative passenger rolling stock for high speed, intercity and regional rail operators worldwide. What are the underlying business or industry changes driving this perspective?View narrative€3.53FV19.6% 저평가 내재 할인율Set Fair ValueView7users have viewed this narrative0users have liked this narrative0users have commented on this narrative1users have followed this narrative5 months ago author updated this narrativeView all narrativesTalgo, S.A. 경쟁사Construcciones y Auxiliar de FerrocarrilesSymbol: BME:CAFMarket cap: €2.1bAzkoyenSymbol: BME:AZKMarket cap: €267.0mNicolás CorreaSymbol: BME:NEAMarket cap: €119.9mGrupo Empresarial San JoséSymbol: BME:GSJMarket cap: €532.6m가격 이력 및 성과Talgo 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가€2.8452주 최고가€3.4552주 최저가€2.52베타1.01개월 변동0.53%3개월 변동-2.07%1년 변동-14.09%3년 변동-11.82%5년 변동-37.56%IPO 이후 변동-66.25%최근 뉴스 및 업데이트공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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, 2025더 많은 업데이트 보기Recent updates공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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' meeting공시 • 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, 2025공시 • 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.공시 • 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).공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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, 2024분석 기사 • 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.분석 기사 • 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...공시 • 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.공시 • 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, 2023공시 • 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.공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.주주 수익률TLGOES MachineryES 시장7D3.1%-2.0%-1.4%1Y-14.1%-2.0%22.0%전체 주주 수익률 보기수익률 대 산업: TLGO은 지난 1년 동안 -2%의 수익을 기록한 Spanish Machinery 산업보다 저조한 성과를 냈습니다.수익률 대 시장: TLGO은 지난 1년 동안 22%를 기록한 Spanish 시장보다 저조한 성과를 냈습니다.주가 변동성Is TLGO's price volatile compared to industry and market?TLGO volatilityTLGO Average Weekly Movement3.4%Machinery Industry Average Movement4.5%Market Average Movement4.0%10% most volatile stocks in ES Market6.7%10% least volatile stocks in ES Market1.0%안정적인 주가: TLGO는 지난 3개월 동안 Spanish 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: TLGO의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19423,558Gonzalo Pedro Urquijo de Araozwww.talgo.comTalgo는 전 세계에서 고속 경전철 차량을 설계, 제조 및 유지보수하는 회사입니다. 이 회사는 초고속, 고속, 시외 열차 및 파워 헤드를 제공합니다. 언더플로어 휠 선반, 측정 장비, 분로 차량 등 유지보수 장비를 제공합니다.더 보기Talgo, S.A. 기초 지표 요약Talgo의 순이익과 매출은 시가총액과 어떻게 비교됩니까?TLGO 기초 통계시가총액€378.45m순이익 (TTM)-€100.70m매출 (TTM)€635.40m0.6x주가매출비율(P/S)-3.8x주가수익비율(P/E)TLGO는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표TLGO 손익계산서 (TTM)매출€635.40m매출원가€335.70m총이익€299.70m기타 비용€400.40m순이익-€100.70m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)-0.75총이익률47.17%순이익률-15.85%부채/자본 비율272.8%TLGO의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/15 19:58종가2026/05/15 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Talgo, S.A.는 8명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullBanco de Sabadell. S.A.Jaime EscribanoBanco SantanderBruno BessaCaixa Banco BPI5명의 분석가 더 보기
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
분석 기사 • 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.
분석 기사 • 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...
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
