Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. More Details
Moderate growth potential and slightly overvalued.
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.
7 Day Return
ES Energy Services
1 Year Return
ES Energy Services
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.
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
1 month ago | Simply Wall StWhat Is The Ownership Structure Like For Técnicas Reunidas, S.A. (BME:TRE)?
2 months ago | Simply Wall StAnalysts Have Just Cut Their Técnicas Reunidas, S.A. (BME:TRE) Revenue Estimates By 13%
Is Técnicas Reunidas undervalued compared to its fair value and its price relative to the market?
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).
How is Técnicas Reunidas forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
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%).
How has Técnicas Reunidas performed over the past 5 years?
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.
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.
What is Técnicas Reunidas's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Juan Lladó Arburúa
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.
|Executive Chairperson of the Board||no data||€668.00k||0.11% |
|CEO & First Executive Vice Chairperson of the Board||no data||€1.20m||no data|
|Independent Director||9.33yrs||€113.00k||0.010% |
|Independent Director||4.33yrs||no data||no data|
|Third Vice Chairman of the Board||no data||€133.00k||0.031% |
|Second Vice Chairman of the Board||no data||€98.00k||no data|
|Independent Director||2.33yrs||no data||no data|
|Independent Director||4.67yrs||no data||no data|
Experienced Board: TRE's board of directors are considered experienced (9.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Técnicas Reunidas, S.A.'s company bio, employee growth, exchange listings and data sources
- 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
- Técnicas Reunidas, S.A.
- Calle Arapiles 13-14
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRE||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||Jun 2006|
|T5R||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2006|
|0MKT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2006|
|TNIS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2006|
|TREE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2006|
|TRE||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jun 2006|
|TRE N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jun 2006|
|TNIS.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 22:08|
|End of Day Share Price||2020/10/19 00:00|
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.