Técnicas Reunidas Future Growth

Future criteria checks 3/6

Técnicas Reunidas is forecast to grow earnings and revenue by 9.7% and 5.1% per annum respectively. EPS is expected to grow by 16.4% per annum. Return on equity is forecast to be 16.2% in 3 years.

Key information

9.7%

Earnings growth rate

16.4%

EPS growth rate

Energy Services earnings growth	8.9%
Revenue growth rate	5.1%
Future return on equity	16.2%
Analyst coverage	Good
Last updated	14 May 2024

Recent future growth updates

Recent updates

Técnicas Reunidas (BME:TRE) Share Prices Have Dropped 51% In The Last Three Years

Feb 12

Is Técnicas Reunidas, S.A. (BME:TRE) Worth €11.8 Based On Its Intrinsic Value?

Jan 14

Could The Técnicas Reunidas, S.A. (BME:TRE) Ownership Structure Tell Us Something Useful?

Dec 14

Earnings and Revenue Growth Forecasts

BME:TRE - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,917	108	109	N/A	4
12/31/2025	4,653	107	114	N/A	6
12/31/2024	4,524	111	114	N/A	6
3/31/2024	4,018	62	N/A	N/A	N/A
12/31/2023	4,135	61	69	83	N/A
9/30/2023	4,668	54	N/A	N/A	N/A
6/30/2023	4,751	72	-15	-4	N/A
3/31/2023	4,580	-19	N/A	N/A	N/A
12/31/2022	4,233	-37	81	84	N/A
9/30/2022	3,514	-83	N/A	N/A	N/A
6/30/2022	3,038	-97	-136	-132	N/A
3/31/2022	2,818	-130	N/A	N/A	N/A
12/31/2021	2,806	-190	-270	-267	N/A
9/30/2021	2,816	-152	N/A	N/A	N/A
6/30/2021	2,834	-163	11	10	N/A
3/31/2021	3,102	-56	N/A	N/A	N/A
12/31/2020	3,521	11	-121	-117	N/A
9/30/2020	4,080	-26	N/A	N/A	N/A
6/30/2020	4,591	-11	-88	-72	N/A
3/31/2020	4,965	-6	N/A	N/A	N/A
12/31/2019	4,699	-9	137	151	N/A
9/30/2019	4,569	32	N/A	N/A	N/A
6/30/2019	4,354	20	94	100	N/A
3/31/2019	4,150	16	N/A	N/A	N/A
12/31/2018	4,396	12	102	108	N/A
9/30/2018	4,441	9	N/A	N/A	N/A
6/30/2018	4,699	-12	58	71	N/A
3/31/2018	4,841	3	N/A	N/A	N/A
12/31/2017	5,068	40	N/A	-169	N/A
9/30/2017	5,237	94	N/A	N/A	N/A
6/30/2017	5,117	131	N/A	-194	N/A
3/31/2017	5,129	146	N/A	N/A	N/A
12/31/2016	4,793	140	N/A	59	N/A
9/30/2016	4,620	45	N/A	N/A	N/A
6/30/2016	4,608	51	N/A	195	N/A
3/31/2016	4,333	52	N/A	N/A	N/A
12/31/2015	4,188	59	N/A	-18	N/A
9/30/2015	3,857	151	N/A	N/A	N/A
6/30/2015	3,554	143	N/A	-139	N/A
3/31/2015	3,327	141	N/A	N/A	N/A
12/31/2014	3,149	136	N/A	138	N/A
9/30/2014	3,039	125	N/A	N/A	N/A
6/30/2014	2,930	128	N/A	152	N/A
3/31/2014	2,884	125	N/A	N/A	N/A
12/31/2013	2,846	128	N/A	85	N/A
9/30/2013	2,814	134	N/A	N/A	N/A
6/30/2013	2,773	137	N/A	32	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRE's forecast earnings growth (9.7% per year) is above the savings rate (1.5%).

Earnings vs Market: TRE's earnings (9.7% per year) are forecast to grow faster than the Spanish market (9.1% per year).

High Growth Earnings: TRE's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRE's revenue (5.1% per year) is forecast to grow faster than the Spanish market (4.3% per year).

High Growth Revenue: TRE's revenue (5.1% 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 low in 3 years time (16.2%).

Técnicas Reunidas Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 8.0% to €11.49

Price target increased to €11.20

Price target decreased to €10.21

Price target decreased to €10.66

Price target decreased to €12.87

Price target lowered to €15.78

Recent updates

First quarter 2024 earnings released

Técnicas Reunidas, S.A. to Report Q1, 2024 Results on May 10, 2024

Not Many Are Piling Into Técnicas Reunidas, S.A. (BME:TRE) Just Yet

New minor risk - Share price stability

Full year 2023 earnings released

Now 20% undervalued after recent price drop

Técnicas Reunidas, S.A. to Report Q4, 2023 Results on Feb 29, 2024

Now 21% overvalued

Third quarter 2023 earnings released

Técnicas Reunidas, S.A. to Report Q3, 2023 Results on Nov 15, 2023

Investor sentiment improves as stock rises 16%

Here's Why Técnicas Reunidas (BME:TRE) Has A Meaningful Debt Burden

New major risk - Earnings quality

Second quarter 2023 earnings: Revenues miss analyst expectations

Técnicas Reunidas, S.A. to Report Q2, 2023 Results on Jul 28, 2023

First quarter 2023 earnings released

Price target decreased by 8.0% to €11.49

Técnicas Reunidas, S.A. to Report Q1, 2023 Results on May 12, 2023

Is Técnicas Reunidas, S.A. (BME:TRE) Trading At A 23% Discount?

Full year 2022 earnings released

Price target increased to €11.20

Arquimea Group, S.L. acquired Iberica del Espacio SA from Técnicas Reunidas, S.A. (BME:TRE) for €19 million.

Third quarter 2022 earnings released

Técnicas Reunidas, S.A. to Report Nine Months, 2022 Results on Nov 08, 2022

Is Técnicas Reunidas (BME:TRE) Using Debt In A Risky Way?

Second quarter 2022 earnings released

Técnicas Reunidas, S.A. to Report Q2, 2022 Results on Jul 29, 2022

Now 20% undervalued

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Técnicas Reunidas, S.A. to Report Q1, 2022 Results on May 13, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Técnicas Reunidas, S.A. to Report Fiscal Year 2021 Results on Feb 28, 2022

Third quarter 2021 earnings released: EPS €0.13

Health Check: How Prudently Does Técnicas Reunidas (BME:TRE) Use Debt?

Price target decreased to €10.21

Price target decreased to €10.66

Second quarter 2021 earnings released: €1.92 loss per share (vs €0.086 profit in 2Q 2020)

Price target decreased to €12.87

Does Técnicas Reunidas (BME:TRE) Have A Healthy Balance Sheet?

First quarter 2021 earnings released: €1.11 loss per share

Based On Its ROE, Is Técnicas Reunidas, S.A. (BME:TRE) A High Quality Stock?

New 90-day high: €12.98

Full year 2020 earnings released: EPS €0.21 (vs €0.17 loss in FY 2019)

Técnicas Reunidas (BME:TRE) Share Prices Have Dropped 51% In The Last Three Years

New 90-day high: €12.25

Técnicas Reunidas, S.A. to Report Q4, 2020 Results on Feb 26, 2021

Is Técnicas Reunidas, S.A. (BME:TRE) Worth €11.8 Based On Its Intrinsic Value?

New 90-day high: €11.51

New 90-day high: €11.34

Could The Técnicas Reunidas, S.A. (BME:TRE) Ownership Structure Tell Us Something Useful?

New 90-day high: €11.00

Price target lowered to €15.78

Third quarter 2020 earnings released: €0.082 loss per share

Price target lowered to €17.07

New 90-day low: €7.60

New 90-day low: €9.16

New 90-day low - €10.49

China Energy Engineering Corporation Limited (SEHK:3996) acquired Empresarios Agrupados Internacional S.A. and GHESA , Ingeniería y Tecnología S.A. from Técnicas Reunidas, S.A. (BME:TRE), Naturgy Energy Group, S.A. (BME:NTGY), Iberdrola Ingeniería y Construcción, S.A.U. and others.

New 90-day low - €11.50

Técnicas Reunidas, S.A. to Report First Half, 2020 Results on Jul 29, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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