Loading...
TRE logo

Técnicas Reunidas, S.A.BME:TRE Stock Report

Market Cap €2.2b
Share Price
€28.52
n/a
1Y175.6%
7D0.07%
Portfolio Value
​
View

Técnicas Reunidas, S.A.

BME:TRE Stock Report

Market Cap: €2.2b

Técnicas Reunidas (TRE) Stock Overview

An engineering and construction company, designs and manages industrial plant projects worldwide. More details

TRE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 54.9% below our estimate of its fair value

Earnings are forecast to grow 19.46% per year

Earnings grew by 55.8% over the past year

Risk Analysis

Volatile share price over the past 3 months compared to the Spanish market


TRE Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

TRE logo
Técnicas Reunidas

Decarbonization And Green Hydrogen Megaprojects Will Drive Global Energy Transition

Key Takeaways Early leadership in energy transition and decarbonization projects positions the company for sustained revenue growth and a strong multiyear project backlog. Expansion in high-margin services and international workforce, coupled with industry consolidation, drives improved profitability and market share gains.
View narrative
€25.5
FV
11.8% overvalued intrinsic discount
8.76%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
TRE logo
Técnicas Reunidas

Renewables Surge Will Reduce Oil Projects Amid Middle East Risks

Key Takeaways Reliance on oil and gas projects and slow progress in renewables leave long-term revenues and margins exposed to energy transition risks. Geopolitical concentration, rising regulatory burdens, and growing competition threaten margin stability and future contract wins.
View narrative
€16.63
FV
71.5% overvalued intrinsic discount
-0.87%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
TRE logo
Técnicas Reunidas

Middle East Decarbonization And Green Hydrogen Will Fuel EPC Progress

Key Takeaways Strategic pivot toward low-carbon and service contracts is boosting higher-margin, diversified revenue streams and supporting profitability improvements. Strengthened client relationships, operational excellence, and global expansion are enhancing project win rates and ensuring more stable, recurring earnings.
View narrative
€29.17
FV
2.2% undervalued intrinsic discount
1.36%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
View Stock Community

Técnicas Reunidas, S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Técnicas Reunidas
Historical stock prices
Current Share Price€28.52
52 Week High€32.42
52 Week Low€10.16
Beta1.08
1 Month Change-4.81%
3 Month Change33.15%
1 Year Change175.56%
3 Year Change205.03%
5 Year Change175.82%
Change since IPO65.33%

Recent News & Updates

Técnicas Reunidas, S.A.'s (BME:TRE) Intrinsic Value Is Potentially 79% Above Its Share Price

Oct 21
Técnicas Reunidas, S.A.'s (BME:TRE) Intrinsic Value Is Potentially 79% Above Its Share Price

Recent updates

Técnicas Reunidas, S.A.'s (BME:TRE) Intrinsic Value Is Potentially 79% Above Its Share Price

Oct 21
Técnicas Reunidas, S.A.'s (BME:TRE) Intrinsic Value Is Potentially 79% Above Its Share Price

Investors Aren't Entirely Convinced By Técnicas Reunidas, S.A.'s (BME:TRE) Earnings

Sep 29
Investors Aren't Entirely Convinced By Técnicas Reunidas, S.A.'s (BME:TRE) Earnings

Shareholders Will Be Pleased With The Quality of Técnicas Reunidas' (BME:TRE) Earnings

Aug 08
Shareholders Will Be Pleased With The Quality of Técnicas Reunidas' (BME:TRE) Earnings

Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?

Jul 28
Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?

Is Técnicas Reunidas (BME:TRE) Using Too Much Debt?

Jun 22
Is Técnicas Reunidas (BME:TRE) Using Too Much Debt?

Técnicas Reunidas, S.A. (BME:TRE) Just Reported And Analysts Have Been Lifting Their Price Targets

May 17
Técnicas Reunidas, S.A. (BME:TRE) Just Reported And Analysts Have Been Lifting Their Price Targets

Sentiment Still Eluding Técnicas Reunidas, S.A. (BME:TRE)

Apr 07
Sentiment Still Eluding Técnicas Reunidas, S.A. (BME:TRE)

Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?

Mar 23
Is Now The Time To Put Técnicas Reunidas (BME:TRE) On Your Watchlist?
User avatar

New Project Awards And Global Partnerships Will Drive Future Opportunities

Strategic alliances and a shift towards high-margin services improve execution quality and earnings potential.

A Look At The Intrinsic Value Of Técnicas Reunidas, S.A. (BME:TRE)

Jan 06
A Look At The Intrinsic Value Of Técnicas Reunidas, S.A. (BME:TRE)

Here's Why Técnicas Reunidas (BME:TRE) Can Manage Its Debt Responsibly

Dec 12
Here's Why Técnicas Reunidas (BME:TRE) Can Manage Its Debt Responsibly

Many Still Looking Away From Técnicas Reunidas, S.A. (BME:TRE)

Sep 19
Many Still Looking Away From Técnicas Reunidas, S.A. (BME:TRE)

Earnings Update: Here's Why Analysts Just Lifted Their Técnicas Reunidas, S.A. (BME:TRE) Price Target To €16.42

Aug 03
Earnings Update: Here's Why Analysts Just Lifted Their Técnicas Reunidas, S.A. (BME:TRE) Price Target To €16.42

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

Jun 15
Does Técnicas Reunidas (BME:TRE) Have A Healthy Balance Sheet?

Técnicas Reunidas, S.A.'s (BME:TRE) Shares Leap 39% Yet They're Still Not Telling The Full Story

May 24
Técnicas Reunidas, S.A.'s (BME:TRE) Shares Leap 39% Yet They're Still Not Telling The Full Story

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

Apr 04
Not Many Are Piling Into Técnicas Reunidas, S.A. (BME:TRE) Just Yet

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

Aug 11
Here's Why Técnicas Reunidas (BME:TRE) Has A Meaningful Debt Burden

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

Mar 08
Is Técnicas Reunidas, S.A. (BME:TRE) Trading At A 23% Discount?

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

Oct 27
Is Técnicas Reunidas (BME:TRE) Using Debt In A Risky Way?

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

Nov 03
Health Check: How Prudently Does Técnicas Reunidas (BME:TRE) Use Debt?

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

Jul 09
Does Técnicas Reunidas (BME:TRE) Have A Healthy Balance Sheet?

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

Mar 10
Based On Its ROE, Is Técnicas Reunidas, S.A. (BME:TRE) A High Quality Stock?

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

Feb 12
Técnicas Reunidas (BME:TRE) Share Prices Have Dropped 51% In The Last Three Years

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

Jan 14
Is Técnicas Reunidas, S.A. (BME:TRE) Worth €11.8 Based On Its Intrinsic Value?

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

Dec 14
Could The Técnicas Reunidas, S.A. (BME:TRE) Ownership Structure Tell Us Something Useful?

Shareholder Returns

TREES Energy ServicesES Market
7D0.07%2.3%2.1%
1Y175.6%10.4%32.1%

Return vs Industry: TRE exceeded the Spanish Energy Services industry which returned 10.4% over the past year.

Return vs Market: TRE exceeded the Spanish Market which returned 32.1% over the past year.

Price Volatility

Is TRE's price volatile compared to industry and market?
TRE volatility
TRE Average Weekly Movement6.0%
Energy Services Industry Average Movement5.0%
Market Average Movement3.1%
10% most volatile stocks in ES Market6.5%
10% least volatile stocks in ES Market0.6%

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

Volatility Over Time: TRE's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
196012,042Eduardo San Miguel Gonzalez De Herediawww.tecnicasreunidas.es

Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers provides management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels; and design and construction for clean refining production processes.

Técnicas Reunidas, S.A. Fundamentals Summary

How do Técnicas Reunidas's earnings and revenue compare to its market cap?
TRE fundamental statistics
Market cap€2.23b
Earnings (TTM)€131.14m
Revenue (TTM)€5.83b
17.0x
P/E Ratio
0.4x
P/S Ratio

Is TRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRE income statement (TTM)
Revenue€5.83b
Cost of Revenue€4.44b
Gross Profit€1.39b
Other Expenses€1.26b
Earnings€131.14m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.68
Gross Margin23.86%
Net Profit Margin2.25%
Debt/Equity Ratio183.7%

How did TRE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/08 02:31
End of Day Share Price 2025/12/08 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Técnicas Reunidas, S.A. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Filipe LeiteBanco BPI, S.A.
Javier Esteban LarioBanco de Sabadell. S.A.
Jesús Gómez DominguezBanco Santander