Talgo Future Growth

Future criteria checks 3/6

Talgo is forecast to grow earnings and revenue by 99% and 3.7% per annum respectively. EPS is expected to grow by 36.1% per annum. Return on equity is forecast to be 13.2% in 3 years.

Key information

99.0%

Earnings growth rate

36.1%

EPS growth rate

Machinery earnings growth	26.0%
Revenue growth rate	3.7%
Future return on equity	13.2%
Analyst coverage	Low
Last updated	04 Mar 2025

Recent future growth updates

Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year Results

Mar 03

Recent updates

Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year Results

Mar 03

Talgo (BME:TLGO) Has More To Do To Multiply In Value Going Forward

Feb 09

We Think You Should Be Aware Of Some Concerning Factors In Talgo's (BME:TLGO) Earnings

Aug 05

Bearish: Analysts Just Cut Their Talgo, S.A. (BME:TLGO) Revenue and EPS estimates

Aug 03

Earnings and Revenue Growth Forecasts

BME:TLGO - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	765	37	65	84	3
12/31/2026	713	35	119	144	4
12/31/2025	670	17	145	112	4
12/31/2024	688	-108	-123	-123	N/A
9/30/2024	700	-43	-151	-131	N/A
6/30/2024	712	22	-179	-138	N/A
3/31/2024	683	18	-161	-127	N/A
12/31/2023	655	14	-142	-116	N/A
9/30/2023	598	8	-75	-51	N/A
6/30/2023	542	3	-9	14	N/A
3/31/2023	506	2	-28	-6	N/A
12/31/2022	471	1	-48	-25	N/A
9/30/2022	463	10	N/A	N/A	N/A
6/30/2022	481	23	-90	-67	N/A
3/31/2022	515	24	N/A	N/A	N/A
12/31/2021	557	28	4	30	N/A
9/30/2021	580	11	N/A	N/A	N/A
6/30/2021	565	-2	-94	-65	N/A
3/31/2021	524	-16	N/A	N/A	N/A
12/31/2020	489	-17	-110	-86	N/A
9/30/2020	473	6	N/A	N/A	N/A
6/30/2020	454	19	-6	17	N/A
3/31/2020	432	36	N/A	N/A	N/A
12/31/2019	405	38	28	46	N/A
9/30/2019	367	28	N/A	N/A	N/A
6/30/2019	332	22	173	183	N/A
3/31/2019	329	21	N/A	N/A	N/A
12/31/2018	327	18	142	152	N/A
9/30/2018	324	14	N/A	N/A	N/A
6/30/2018	334	18	N/A	155	N/A
3/31/2018	350	23	N/A	N/A	N/A
12/31/2017	386	34	N/A	185	N/A
9/30/2017	436	53	N/A	N/A	N/A
6/30/2017	498	53	N/A	21	N/A
3/31/2017	553	59	N/A	N/A	N/A
12/31/2016	582	62	N/A	-58	N/A
9/30/2016	609	53	N/A	N/A	N/A
6/30/2016	610	71	N/A	-32	N/A
3/31/2016	588	69	N/A	N/A	N/A
12/31/2015	524	60	N/A	-20	N/A
9/30/2015	486	67	N/A	N/A	N/A
6/30/2015	423	47	N/A	-52	N/A
3/31/2015	393	42	N/A	N/A	N/A
12/31/2014	387	38	N/A	1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TLGO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: TLGO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TLGO is expected to become profitable in the next 3 years.

Revenue vs Market: TLGO's revenue (3.7% per year) is forecast to grow slower than the Spanish market (5.3% per year).

High Growth Revenue: TLGO's revenue (3.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TLGO's Return on Equity is forecast to be low in 3 years time (13.2%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/13 20:30
End of Day Share Price	2025/03/13 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Talgo, S.A. is covered by 14 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
Bruno Bessa	Banco BPI, S.A.
null null	Banco de Sabadell. S.A.
Jaime Escribano	Banco Santander

Talgo Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 8.0% to €3.93

Consensus EPS estimates fall by 24%, revenue upgraded

Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year Results

Consensus EPS estimates fall by 12%

Price target decreased to €4.41

Consensus EPS estimates fall by 13%

Recent updates

Price target decreased by 8.0% to €3.93

Full year 2024 earnings released

New minor risk - Share price stability

Talgo, S.A. to Report Fiscal Year 2024 Results on Feb 25, 2025

Consensus EPS estimates fall by 24%, revenue upgraded

Less than half of directors are independent

Talgo, S.A. to Report Q3, 2024 Results on Nov 19, 2024

Ganz-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 cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others.

First half 2024 earnings released: EPS: €0.12 (vs €0.058 in 1H 2023)

Talgo, S.A. to Report First Half, 2024 Results on Jul 30, 2024

Analysts Are Updating Their Talgo, S.A. (BME:TLGO) Estimates After Its Full-Year Results

Full year 2023 earnings released

Talgo (BME:TLGO) Has More To Do To Multiply In Value Going Forward

Talgo, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024

New minor risk - Share price stability

First half 2023 earnings released: EPS: €0.058 (vs €0.045 in 1H 2022)

Talgo, S.A. to Report First Half, 2023 Results on Jul 27, 2023

Talgo, S.A., Annual General Meeting, Jun 29, 2023

Now 20% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Talgo, S.A. to Report Fiscal Year 2022 Results on Feb 28, 2023

Talgo, S.A. announced that it has received funding from Torrblas Sl

Less than half of directors are independent

Talgo, S.A. to Report Q3, 2022 Results on Nov 10, 2022

We Think You Should Be Aware Of Some Concerning Factors In Talgo's (BME:TLGO) Earnings

Bearish: Analysts Just Cut Their Talgo, S.A. (BME:TLGO) Revenue and EPS estimates

Price target decreased to €4.41

First half 2022 earnings released

Consensus EPS estimates fall by 13%

Talgo, S.A. to Report First Half, 2022 Results on Jul 28, 2022

At €3.40, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?

Less than half of directors are independent

Talgo Ordinary Shares to Be Deleted from Other OTC

Talgo (BME:TLGO) Has A Somewhat Strained Balance Sheet

Full year 2021 earnings: EPS and revenues miss analyst expectations

At €5.06, Is Talgo, S.A. (BME:TLGO) Worth Looking At Closely?

Talgo, S.A. (BME:TLGO) Shares Could Be 40% Below Their Intrinsic Value Estimate

Talgo (BME:TLGO) Takes On Some Risk With Its Use Of Debt

Third quarter 2021 earnings released: EPS €0.086

Are Investors Undervaluing Talgo, S.A. (BME:TLGO) By 30%?

Second quarter 2021 earnings released

What Does Talgo, S.A.'s (BME:TLGO) Share Price Indicate?

First quarter 2021 earnings released: EPS €0.052

We Think Talgo (BME:TLGO) Has A Fair Chunk Of Debt

Revenue and earnings beat expectations

Full year 2020 earnings released: €1.40 loss per share (vs €0.30 profit in FY 2019)

A Look At The Intrinsic Value Of Talgo, S.A. (BME:TLGO)

Here's What To Make Of Talgo's (BME:TLGO) Returns On Capital

Talgo, S.A. to Report Fiscal Year 2020 Results on Feb 25, 2021

Is Talgo, S.A. (BME:TLGO) Popular Amongst Institutions?

New 90-day high: €4.54

Is There Now An Opportunity In Talgo, S.A. (BME:TLGO)?

Talgo's(BME:TLGO) Share Price Is Down 24% Over The Past Year.

New 90-day high: €4.45

Estimating The Fair Value Of Talgo, S.A. (BME:TLGO)

New 90-day high: €4.04

Price target lowered to €5.44

Third quarter 2020 earnings released: €0.014 loss per share

Analysts update estimates

Market bids up stock over the past week

New 90-day low: €3.29

New 90-day low: €3.55

New 90-day low - €4.09

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity