Tubos Reunidos (BME:TRG) Shareholders Will Want The ROCE Trajectory To Continue
Nov 08
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Spanish (IBEX) Metals and Mining Industry Analysis
UpdatedNov 09, 2025
DataAggregated Company Financials
Companies4
- 7D1.0%
- 3M5.4%
- 1Y16.7%
- YTD14.0%
Over the last 7 days, the Metals and Mining industry has dropped 2.7%, driven by Tubos Reunidos declining 15%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 50% annually.
Industry Valuation and Performance
Has the Spanish Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Nov 2025 | €3.2b | €7.1b | €152.7m | 13x | 21.2x | 0.5x |
| Tue, 07 Oct 2025 | €3.4b | €7.0b | €175.6m | 14.1x | 19.5x | 0.5x |
| Thu, 04 Sep 2025 | €3.1b | €7.0b | €170.6m | 14.4x | 18.2x | 0.4x |
| Sat, 02 Aug 2025 | €2.9b | €7.0b | €170.6m | 14x | 17.3x | 0.4x |
| Mon, 30 Jun 2025 | €3.3b | €6.8b | €300.7m | 8.6x | 11.1x | 0.5x |
| Wed, 28 May 2025 | €3.3b | €6.8b | €300.7m | 8.5x | 10.9x | 0.5x |
| Fri, 25 Apr 2025 | €3.1b | €6.7b | €371.2m | 6.7x | 8.3x | 0.5x |
| Sun, 23 Mar 2025 | €3.5b | €6.7b | €371.2m | 7.6x | 9.3x | 0.5x |
| Tue, 18 Feb 2025 | €3.3b | €7.2b | €185.8m | 11.7x | 18x | 0.5x |
| Thu, 16 Jan 2025 | €3.0b | €7.2b | €185.8m | 10.3x | 15.9x | 0.4x |
| Sat, 14 Dec 2024 | €2.9b | €7.3b | €183.2m | 10.3x | 15.8x | 0.4x |
| Mon, 11 Nov 2024 | €2.9b | €7.3b | €183.2m | 10.3x | 15.6x | 0.4x |
| Wed, 09 Oct 2024 | €2.8b | €7.6b | €206.0m | 10.2x | 13.8x | 0.4x |
| Fri, 06 Sep 2024 | €2.6b | €7.2b | €169.8m | 14.9x | 15.6x | 0.4x |
| Sun, 04 Aug 2024 | €2.7b | €7.2b | €169.8m | 14.8x | 15.7x | 0.4x |
| Tue, 02 Jul 2024 | €2.8b | €7.7b | €255.6m | 14x | 11.1x | 0.4x |
| Thu, 30 May 2024 | €2.9b | €7.7b | €255.6m | 13.9x | 11.4x | 0.4x |
| Sat, 27 Apr 2024 | €2.9b | €8.0b | €322.2m | 10.5x | 9.1x | 0.4x |
| Mon, 25 Mar 2024 | €2.9b | €8.0b | €322.2m | 10.9x | 9x | 0.4x |
| Wed, 21 Feb 2024 | €3.0b | €8.2b | €251.8m | 13.3x | 11.8x | 0.4x |
| Fri, 19 Jan 2024 | €2.9b | €8.2b | €251.8m | 13.3x | 11.5x | 0.4x |
| Sun, 17 Dec 2023 | €3.0b | €8.2b | €251.8m | 13.4x | 12.1x | 0.4x |
| Tue, 14 Nov 2023 | €2.8b | €8.1b | €254.5m | 10.8x | 10.8x | 0.3x |
| Thu, 12 Oct 2023 | €2.7b | €8.7b | €316.4m | 10.1x | 8.4x | 0.3x |
| Sat, 09 Sep 2023 | €2.6b | €8.7b | €298.8m | 10.1x | 8.9x | 0.3x |
| Mon, 07 Aug 2023 | €2.7b | €8.7b | €298.8m | 10.3x | 9x | 0.3x |
| Wed, 05 Jul 2023 | €2.8b | €9.4b | €495.8m | 5.8x | 5.7x | 0.3x |
| Fri, 02 Jun 2023 | €2.7b | €9.4b | €495.8m | 5.6x | 5.5x | 0.3x |
| Sun, 30 Apr 2023 | €2.8b | €9.9b | €625.8m | 4.4x | 4.4x | 0.3x |
| Tue, 28 Mar 2023 | €2.6b | €9.9b | €619.2m | 4.1x | 4.2x | 0.3x |
| Thu, 23 Feb 2023 | €2.9b | €9.9b | €982.8m | 2.7x | 2.9x | 0.3x |
| Sat, 21 Jan 2023 | €2.9b | €9.9b | €982.8m | 2.8x | 3x | 0.3x |
| Mon, 19 Dec 2022 | €2.6b | €9.9b | €982.8m | 2.5x | 2.6x | 0.3x |
| Wed, 16 Nov 2022 | €2.8b | €9.9b | €982.8m | 2.7x | 2.8x | 0.3x |
Price to Earnings Ratio
2.8x
Current Industry PE
- Investors are optimistic on the Spanish Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.1x which is higher than its 3-year average PE of 10.6x.
- The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 46% per year over the last three years,
- Revenues have also declined 11% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Spanish Materials industry?
| ES Market | -0.58% | |
| Materials | -1.08% | |
| Metals and Mining | 1.00% | |
| Steel | 1.01% | |
| Diversified Metals and Mining | 0% | 0 |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 15.0x.
- Analysts expect its future annual earnings growth (50.1%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Diversified Metals and Mining industry, which is trading below its 3-year average of 0.50x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 50% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Steel industry is expected to see its earnings grow by 50% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ACX Acerinox | €11.27 | 0.8% +€22.4m | 20.1% | PE40.2x | |
| TUB Tubacex | €3.39 | 2.4% +€9.8m | -2.0% | PE13x |