Tessenderlo Group Future Growth
Future criteria checks 3/6
Tessenderlo Group is forecast to grow earnings and revenue by 73.3% and 3.4% per annum respectively. EPS is expected to grow by 70.6% per annum. Return on equity is forecast to be 4.9% in 3 years.
Key information
73.3%
Earnings growth rate
70.62%
EPS growth rate
| Chemicals earnings growth | 35.4% |
| Revenue growth rate | 3.4% |
| Future return on equity | 4.90% |
| Analyst coverage | Low |
| Last updated | 07 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 02
TESB: Special Meeting And Stable Assumptions Will Support Future Upside Potential
Analysts have kept their €25.5 price target for Tessenderlo Group unchanged, citing essentially stable assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Tessenderlo Group has scheduled a Special and Extraordinary Shareholders Meeting for May 12, 2026, at 10:00 Romance Standard Time.
New Narrative • Apr 19
Green Fertilizers And Protein Demand Will Support A Stronger Long Term Tessenderlo Outlook
Catalysts About Tessenderlo Group Tessenderlo Group is a diversified industrial group active in agro, bio valorization, industrial solutions, machinery and energy. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 18
TESB: Special Meeting And Lower P E Assumptions Will Drive Upside Potential
Analysts have trimmed their price target on Tessenderlo Group from €26.00 to €25.50. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E.
New Narrative • Apr 04
Fertilizer And Biogas Projects Will Face Execution Risks While Long Term Demand Trends Improve
Catalysts About Tessenderlo Group Tessenderlo Group operates a diversified portfolio of agro, bio valorization, industrial, machinery and power generation businesses across Europe and North America. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 04
TESB: Higher Future P E Assumptions Will Support Stronger Upside Potential
Analysts have adjusted their price target on Tessenderlo Group from €28.33 to €26.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: revised from €28.33 to €26.00, a reduction of around 8% in the central estimate.Analysis Article • Jan 16
Tessenderlo Group (EBR:TESB) Could Be Struggling To Allocate Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Analysis Article • Nov 26
An Intrinsic Calculation For Tessenderlo Group NV (EBR:TESB) Suggests It's 22% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tessenderlo Group fair value estimate is €34.04 Current share...Analysis Article • Nov 02
Subdued Growth No Barrier To Tessenderlo Group NV's (EBR:TESB) Price
With a median price-to-sales (or "P/S") ratio of close to 0.7x in the Chemicals industry in Belgium, you could be...Analysis Article • Oct 15
These 4 Measures Indicate That Tessenderlo Group (EBR:TESB) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 08
Tessenderlo Group (EBR:TESB) Might Be Having Difficulty Using Its Capital Effectively
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Analysis Article • Jun 23
Here's Why Tessenderlo Group (EBR:TESB) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Apr 29
Market Participants Recognise Tessenderlo Group NV's (EBR:TESB) Earnings
When close to half the companies in Belgium have price-to-earnings ratios (or "P/E's") below 14x, you may consider...Analysis Article • Apr 03
Tessenderlo Group's (EBR:TESB) Anemic Earnings Might Be Worse Than You Think
Despite Tessenderlo Group NV's ( EBR:TESB ) recent earnings report having lackluster headline numbers, the market...Analysis Article • Mar 22
Calculating The Intrinsic Value Of Tessenderlo Group NV (EBR:TESB)
Key Insights The projected fair value for Tessenderlo Group is €29.44 based on 2 Stage Free Cash Flow to Equity...
New Narrative • Feb 09
Defiance And Thio-Sul Plant Launches Will Expand Chemical Production Capacity
Strategic investments in production capacity expansion for chemicals and fertilizers aim to solidify market leadership and drive future revenue growth.Analysis Article • Dec 14
Capital Allocation Trends At Tessenderlo Group (EBR:TESB) Aren't Ideal
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Nov 13
These 4 Measures Indicate That Tessenderlo Group (EBR:TESB) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Oct 20
Tessenderlo Group NV (EBR:TESB) Not Flying Under The Radar
Tessenderlo Group NV's ( EBR:TESB ) price-to-earnings (or "P/E") ratio of 17.7x might make it look like a sell right...Analysis Article • Sep 28
Tessenderlo Group NV (EBR:TESB) Shares Could Be 27% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tessenderlo Group fair value estimate is €35.18 Tessenderlo...Analysis Article • Jun 07
We Think Tessenderlo Group (EBR:TESB) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 04
Is There An Opportunity With Tessenderlo Group NV's (EBR:TESB) 26% Undervaluation?
Key Insights Tessenderlo Group's estimated fair value is €32.76 based on 2 Stage Free Cash Flow to Equity Tessenderlo...Analysis Article • Apr 13
Weak Statutory Earnings May Not Tell The Whole Story For Tessenderlo Group (EBR:TESB)
The market wasn't impressed with the soft earnings from Tessenderlo Group NV ( EBR:TESB ) recently. We did some further...Analysis Article • Mar 30
Tessenderlo Group NV (EBR:TESB) Just Reported And Analysts Have Been Cutting Their Estimates
Last week, you might have seen that Tessenderlo Group NV ( EBR:TESB ) released its full-year result to the market. The...Analysis Article • Mar 22
Returns Are Gaining Momentum At Tessenderlo Group (EBR:TESB)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Analysis Article • Dec 11
Returns On Capital Are Showing Encouraging Signs At Tessenderlo Group (EBR:TESB)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Nov 01
These 4 Measures Indicate That Tessenderlo Group (EBR:TESB) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 31
Tessenderlo Group's (EBR:TESB) Profits Appear To Have Quality Issues
The market shrugged off Tessenderlo Group NV's ( EBR:TESB ) solid earnings report. We did some digging and believe...Analysis Article • Mar 25
Tessenderlo Group (EBR:TESB) Has A Rock Solid Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 03
Here's Why We Think Tessenderlo Group (EBR:TESB) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Nov 24
These 4 Measures Indicate That Tessenderlo Group (EBR:TESB) Is Using Debt Safely
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 27
Here's Why We Think Tessenderlo Group (EBR:TESB) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Mar 28
These 4 Measures Indicate That Tessenderlo Group (EBR:TESB) Is Using Debt Safely
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Dec 15
Tessenderlo Group (EBR:TESB) Has A Pretty Healthy Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 02
Here's Why Tessenderlo Group (EBR:TESB) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 12
Are Investors Undervaluing Tessenderlo Group NV (EBR:TESB) By 37%?
How far off is Tessenderlo Group NV ( EBR:TESB ) from its intrinsic value? Using the most recent financial data, we'll...Analysis Article • May 24
Does Tessenderlo Group (EBR:TESB) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 03
Shareholders May Be A Little Conservative With Tessenderlo Group NV's (EBR:TESB) CEO Compensation For Now
Under the guidance of CEO Luc Tack, Tessenderlo Group NV ( EBR:TESB ) has performed reasonably well recently. As...Analysis Article • Apr 15
Tessenderlo Group NV (EBR:TESB) Shares Could Be 27% Below Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Tessenderlo Group NV...Analysis Article • Mar 28
Tessenderlo Group NV Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Shareholders might have noticed that Tessenderlo Group NV ( EBR:TESB ) filed its yearly result this time last week. The...Analysis Article • Feb 11
Are Robust Financials Driving The Recent Rally In Tessenderlo Group NV's (EBR:TESB) Stock?
Tessenderlo Group (EBR:TESB) has had a great run on the share market with its stock up by a significant 16% over the...Analysis Article • Dec 22
What Type Of Shareholders Make Up Tessenderlo Group NV's (EBR:TESB) Share Registry?
If you want to know who really controls Tessenderlo Group NV ( EBR:TESB ), then you'll have to look at the makeup of...Analysis Article • Dec 04
The Tessenderlo Group (EBR:TESB) Share Price Has Gained 24% And Shareholders Are Hoping For More
When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...Analysis Article • Aug 05
Declining Stock and Decent Financials: Is The Market Wrong About Tessenderlo Group NV (EBR:TESB)?
With its stock down 4.4% over the past month, it is easy to disregard Tessenderlo Group (EBR:TESB). However, the...Analysis Article • Jun 17
Read This Before You Buy Tessenderlo Group NV (EBR:TESB) Because Of Its P/E Ratio
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 3,035 | 104 | 119 | 303 | 2 |
| 12/31/2027 | 2,988 | 71 | 106 | 287 | 4 |
| 12/31/2026 | 2,866 | 71 | 95 | 264 | 4 |
| 12/31/2025 | 2,763 | -81 | 74 | 226 | N/A |
| 9/30/2025 | 2,755 | -54 | 92 | 257 | N/A |
| 6/30/2025 | 2,746 | -27 | 110 | 289 | N/A |
| 3/31/2025 | 2,697 | 8 | 131 | 311 | N/A |
| 12/31/2024 | 2,648 | 43 | 153 | 333 | N/A |
| 9/30/2024 | 2,669 | 66 | 140 | 309 | N/A |
| 6/30/2024 | 2,691 | 90 | 128 | 284 | N/A |
| 3/31/2024 | 2,810 | 100 | 84 | 252 | N/A |
| 12/31/2023 | 2,928 | 110 | 41 | 219 | N/A |
| 9/30/2023 | 2,901 | 127 | 50 | 215 | N/A |
| 6/30/2023 | 2,874 | 144 | 58 | 210 | N/A |
| 3/31/2023 | 2,731 | 185 | 72 | 205 | N/A |
| 12/31/2022 | 2,588 | 227 | 86 | 200 | N/A |
| 9/30/2022 | 2,494 | 241 | 82 | 196 | N/A |
| 6/30/2022 | 2,400 | 254 | 77 | 192 | N/A |
| 3/31/2022 | 2,241 | 221 | 115 | 220 | N/A |
| 12/31/2021 | 2,082 | 188 | 152 | 248 | N/A |
| 9/30/2021 | 1,952 | 149 | 162 | 260 | N/A |
| 6/30/2021 | 1,823 | 110 | 172 | 272 | N/A |
| 3/31/2021 | 1,780 | 105 | 177 | 277 | N/A |
| 12/31/2020 | 1,737 | 99 | 182 | 282 | N/A |
| 9/30/2020 | 1,745 | 118 | 166 | 267 | N/A |
| 6/30/2020 | 1,753 | 136 | 150 | 252 | N/A |
| 3/31/2020 | 1,748 | 116 | 133 | 236 | N/A |
| 12/31/2019 | 1,743 | 96 | 115 | 220 | N/A |
| 9/30/2019 | 1,722 | 90 | N/A | 201 | N/A |
| 6/30/2019 | 1,701 | 83 | N/A | 183 | N/A |
| 3/31/2019 | 1,661 | 87 | N/A | 145 | N/A |
| 12/31/2018 | 1,621 | 92 | N/A | 108 | N/A |
| 9/30/2018 | 1,599 | 77 | N/A | 103 | N/A |
| 6/30/2018 | 1,578 | 63 | N/A | 98 | N/A |
| 3/31/2018 | 1,618 | 44 | N/A | 141 | N/A |
| 12/31/2017 | 1,657 | 26 | N/A | 184 | N/A |
| 9/30/2017 | 1,658 | 51 | N/A | 182 | N/A |
| 6/30/2017 | 1,660 | 76 | N/A | 179 | N/A |
| 3/31/2017 | 1,625 | 87 | N/A | 144 | N/A |
| 12/31/2016 | 1,590 | 99 | N/A | 109 | N/A |
| 9/30/2016 | 1,592 | 91 | N/A | 102 | N/A |
| 6/30/2016 | 1,594 | 84 | N/A | 95 | N/A |
| 3/31/2016 | 1,592 | 84 | N/A | 117 | N/A |
| 12/31/2015 | 1,589 | 85 | N/A | 138 | N/A |
| 9/30/2015 | 1,539 | 65 | N/A | 124 | N/A |
| 6/30/2015 | 1,509 | 70 | N/A | 122 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TESB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).
Earnings vs Market: TESB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TESB is expected to become profitable in the next 3 years.
Revenue vs Market: TESB's revenue (3.4% per year) is forecast to grow slower than the Belgian market (6.8% per year).
High Growth Revenue: TESB's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TESB's Return on Equity is forecast to be low in 3 years time (4.9%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 16:48 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tessenderlo Group NV is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Gevens | BNP Paribas |
| Frank Claassen | Degroof Petercam |
| Oliver Reiff | Deutsche Bank |