BME:TRE

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Técnicas Reunidas

Executive Summary

Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. More Details


Snowflake Analysis

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Técnicas Reunidas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TRE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.2%

TRE

-0.8%

ES Energy Services

-1.2%

ES Market


1 Year Return

-60.9%

TRE

-51.8%

ES Energy Services

-22.4%

ES Market

Return vs Industry: TRE underperformed the Spanish Energy Services industry which returned -51.1% over the past year.

Return vs Market: TRE underperformed the Spanish Market which returned -21.9% over the past year.


Shareholder returns

TREIndustryMarket
7 Day-2.2%-0.8%-1.2%
30 Day-11.0%-4.0%-0.8%
90 Day-34.7%-17.7%-6.0%
1 Year-60.9%-60.9%-51.0%-51.8%-20.1%-22.4%
3 Year-64.3%-65.2%-60.1%-63.4%-19.6%-26.8%
5 Year-75.7%-77.9%-62.0%-64.2%-17.1%-29.8%

Price Volatility Vs. Market

How volatile is Técnicas Reunidas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Técnicas Reunidas undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRE (€9.16) is trading below our estimate of fair value (€20.55)

Significantly Below Fair Value: TRE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TRE is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

PE vs Market: TRE is unprofitable, so we can't compare its PE Ratio to the Spanish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TRE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TRE is overvalued based on its PB Ratio (1.6x) compared to the XE Energy Services industry average (0.5x).


Next Steps

Future Growth

How is Técnicas Reunidas forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

32.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).

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

High Growth Earnings: TRE's is expected to become profitable in the next 3 years.

Revenue vs Market: TRE's revenue is expected to decline over the next 3 years (-0.8% per year).

High Growth Revenue: TRE's revenue is forecast to decline over the next 3 years (-0.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRE's Return on Equity is forecast to be low in 3 years time (14.1%).


Next Steps

Past Performance

How has Técnicas Reunidas performed over the past 5 years?

-48.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRE is currently unprofitable.

Growing Profit Margin: TRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRE is unprofitable, and losses have increased over the past 5 years at a rate of 48.7% per year.

Accelerating Growth: Unable to compare TRE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TRE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-41.5%).


Return on Equity

High ROE: TRE has a negative Return on Equity (-3.02%), as it is currently unprofitable.


Next Steps

Financial Health

How is Técnicas Reunidas's financial position?


Financial Position Analysis

Short Term Liabilities: TRE's short term assets (€4.1B) exceed its short term liabilities (€4.1B).

Long Term Liabilities: TRE's short term assets (€4.1B) exceed its long term liabilities (€351.0M).


Debt to Equity History and Analysis

Debt Level: TRE's debt to equity ratio (277.1%) is considered high.

Reducing Debt: TRE's debt to equity ratio has increased from 23.6% to 277.1% over the past 5 years.

Debt Coverage: TRE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TRE is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Técnicas Reunidas's current dividend yield, its reliability and sustainability?

4.72%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TRE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TRE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TRE is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TRE's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average board tenure


CEO

Juan Lladó Arburúa

no data

Tenure

€1,195,000

Compensation

Mr. Juan Lladó Arburúa serves as Chief Executive Officer and First Executive Vice Chairman of the Board at Tecnicas Reunidas, S.A. and has been its Director since May 10, 2006.


CEO Compensation Analysis

Compensation vs Market: Juan's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD774.96K).

Compensation vs Earnings: Juan's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Jose Fernandez-Urrutia
Executive Chairperson of the Boardno data€668.00k0.11%
€ 563.2k
Juan Lladó Arburúa
CEO & First Executive Vice Chairperson of the Boardno data€1.20mno data
Pedro Luis Uriarte Santamarina
Independent Director9.33yrs€113.00k0.010%
€ 51.2k
William Richardson
Director9.33yrs€330.00kno data
Adrian Lajous Vargas
Independent Director4.33yrsno datano data
José Manuel Lladó Arburúa
Director14.42yrs€93.00kno data
Fernando de Asua Alvarez
Third Vice Chairman of the Boardno data€133.00k0.031%
€ 153.6k
Francisco Javier Gómez-Navarro Navarrete
Director14.42yrs€93.00kno data
Juan Miguel Antonanzas Perez-Egea
Second Vice Chairman of the Boardno data€98.00kno data
Alfredo Bonet Baiget
Independent Director2.33yrsno datano data
Petra Mateos-Aparicio Morales
Independent Director4.67yrsno datano data
Álvaro García-Agulló Lladó
Director14.42yrs€98.00kno data

9.3yrs

Average Tenure

75yo

Average Age

Experienced Board: TRE's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Técnicas Reunidas, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Técnicas Reunidas, S.A.
  • Ticker: TRE
  • Exchange: BME
  • Founded: 1960
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: €491.789m
  • Shares outstanding: 53.69m
  • Website: https://www.tecnicasreunidas.es

Number of Employees


Location

  • Técnicas Reunidas, S.A.
  • Calle Arapiles 13-14
  • Madrid
  • Madrid
  • 28015
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TREBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJun 2006
T5RDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006
0MKTLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2006
TNIS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2006
TREEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2006
TREWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2006
TRE NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2006
TNIS.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. It operates through Oil and Gas, Power, and Infrastructure and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:08
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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 here.