Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide.
Reasonable growth potential with acceptable track record.
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 has not had significant price volatility in the past 3 months.
7 Day Return
ES Energy Services
1 Year Return
ES Energy Services
Return vs Industry: TRE exceeded the Spanish Energy Services industry which returned -15% over the past year.
Return vs Market: TRE underperformed the Spanish Market which returned 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 week ago | Simply Wall StShould You Use Técnicas Reunidas's (BME:TRE) Statutory Earnings To Analyse It?
1 month ago | Simply Wall StIs Técnicas Reunidas, S.A. (BME:TRE) Expensive For A Reason? A Look At Its Intrinsic Value
2 months ago | Simply Wall StWhat Kind Of Shareholders Own Técnicas Reunidas, S.A. (BME:TRE)?
Is Técnicas Reunidas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRE (€22.1) is trading above our estimate of fair value (€18.93)
Significantly Below Fair Value: TRE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRE is poor value based on its PE Ratio (37.5x) compared to the Energy Services industry average (14.6x).
PE vs Market: TRE is poor value based on its PE Ratio (37.5x) compared to the Spanish market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: TRE is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: TRE is overvalued based on its PB Ratio (3.4x) compared to the XE Energy Services industry average (0.7x).
How is Técnicas Reunidas forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRE's forecast earnings growth (31.4% per year) is above the savings rate (0.4%).
Earnings vs Market: TRE's earnings (31.4% per year) are forecast to grow faster than the Spanish market (9.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRE's revenue (3.7% per year) is forecast to grow slower than the Spanish market (4.6% per year).
High Growth Revenue: TRE'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: TRE's Return on Equity is forecast to be high in 3 years time (23.6%)
How has Técnicas Reunidas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRE has a high level of non-cash earnings.
Growing Profit Margin: TRE's current net profit margins (0.7%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: TRE's earnings have declined by -36.8% per year over the past 5 years.
Accelerating Growth: TRE's earnings growth over the past year (245.2%) exceeds its 5-year average (-36.8% per year).
Earnings vs Industry: TRE earnings growth over the past year (245.2%) exceeded the Energy Services industry 50.3%.
Return on Equity
High ROE: TRE's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Técnicas Reunidas's financial position?
Financial Position Analysis
Short Term Liabilities: TRE's short term assets (€3.8B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: TRE's short term assets (€3.8B) exceed its long term liabilities (€342.2M).
Debt to Equity History and Analysis
Debt Level: TRE's debt to equity ratio (148.4%) is considered high.
Reducing Debt: TRE's debt to equity ratio has increased from 6% to 148.4% over the past 5 years.
Debt Coverage: TRE's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: TRE's interest payments on its debt are well covered by EBIT (7.7x coverage).
Inventory Level: TRE has a low level of unsold assets or inventory.
Debt Coverage by Assets: TRE's debt is covered by short term assets (assets are 7.1x debt).
What is Técnicas Reunidas's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRE's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
Técnicas Reunidas has no CEO, or we have no data on them.
|Chairman of the Board||0yrs||€668.00k||0.11% €1.4m|
|Third Vice Chairman of the Board||0yrs||€133.00k||0.031% €370.6k|
|Second Vice Chairman of the Board||0yrs||€98.00k||no data|
|First Vice Chairman of the Board||0yrs||€1.20m||no data|
Experienced Board: TRE's board of directors are seasoned and experienced ( 13.2 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: €1.187b
- Shares outstanding: 53.71m
- 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 Industry segments. The company designs and constructs basic refining units, conversions, octane enhancement units, and other refining and treatment units in the refining sector; processing and chemical units and plants in the petrochemicals sectors; oil and gas fields development, and oil and gas treatment plants; and pipeline transport, storage parks, and compression stations, as well as natural gas liquefaction, regasification, and storage plants. It also develops power generation projects, including combined cycle, open cycle, reciprocating engine based energy, coal and other solid fuel, cogeneration, and biomass and waste to energy recovery plants; and water treatment plants, such as drinking water units, and urban and industrial waste water and desalination plants. In addition, the company offers consulting, engineering, procurement, and construction services for a range of electricity generating plants comprising conventional thermal plants, combined cycle power plants, gasification integrated with combined cycle, nuclear plants, co-generators, solar plants, fuel cells, solid waste, and biomass technology. Further, it supplies turnkey plants; performs plant operation and maintenance services; and undertakes projects in various arenas that include airports, industrial facilities, and desalination and water treatment plants, as well as initiatives for public authorities and other bodies, such as management of car parks, public spaces, and municipal sports centers. The company was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. Técnicas Reunidas, S.A. was founded in 1960 and is headquartered in Madrid, Spain.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 21:01|
|End of Day Share Price||2020/02/17 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.