Executive Summary
Tubos Reunidos, S.A. manufactures, processes, and distributes seamless steel pipes in North America, the European Union, the Far East, the Middle East, Africa, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet and overvalued.
Similar Companies
Share Price & News
How has Tubos Reunidos's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRG is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 37% a week.
Volatility Over Time: TRG's weekly volatility has increased from 20% to 37% over the past year.
Market Performance
7 Day Return
1.5%
TRG
0.6%
ES Metals and Mining
-0.06%
ES Market
1 Year Return
31.6%
TRG
11.1%
ES Metals and Mining
-11.2%
ES Market
Return vs Industry: TRG exceeded the Spanish Metals and Mining industry which returned 9.7% over the past year.
Return vs Market: TRG exceeded the Spanish Market which returned -10.5% over the past year.
Shareholder returns
| TRG | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 0.6% | -0.06% |
| 30 Day | 29.0% | 6.4% | 13.6% |
| 90 Day | 122.1% | 7.3% | 12.0% |
| 1 Year | 31.6%31.6% | 15.5%11.1% | -8.7%-11.2% |
| 3 Year | -67.2%-67.2% | 14.3%-0.5% | -7.8%-16.1% |
| 5 Year | -64.8%-64.8% | 129.4%84.2% | -4.5%-19.0% |
Long-Term Price Volatility Vs. Market
How volatile is Tubos Reunidos's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Would Shareholders Who Purchased Tubos Reunidos' (BME:TRG) Stock Five Years Be Happy With The Share price Today?2 months ago | Simply Wall St
Is Tubos Reunidos (BME:TRG) Using Debt Sensibly?5 months ago | Simply Wall St
Could The Tubos Reunidos, S.A. (BME:TRG) Ownership Structure Tell Us Something Useful?Valuation
Is Tubos Reunidos undervalued compared to its fair value and its price relative to the market?
6.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRG (€0.27) is trading below our estimate of fair value (€0.29)
Significantly Below Fair Value: TRG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRG is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.
PE vs Market: TRG 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 TRG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRG is overvalued based on its PB Ratio (5.1x) compared to the XE Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Tubos Reunidos forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.1%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tubos Reunidos has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of TRG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Tubos Reunidos competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Tubos Reunidos performed over the past 5 years?
-18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRG is currently unprofitable.
Growing Profit Margin: TRG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRG is unprofitable, and losses have increased over the past 5 years at a rate of 18.2% per year.
Accelerating Growth: Unable to compare TRG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-21.8%).
Return on Equity
High ROE: TRG has a negative Return on Equity (-832.72%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tubos Reunidos's financial position?
Financial Position Analysis
Short Term Liabilities: TRG's short term assets (€116.3M) exceed its short term liabilities (€94.4M).
Long Term Liabilities: TRG's short term assets (€116.3M) do not cover its long term liabilities (€296.9M).
Debt to Equity History and Analysis
Debt Level: TRG's debt to equity ratio (2754%) is considered high.
Reducing Debt: TRG's debt to equity ratio has increased from 82.3% to 2754% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TRG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.7% per year.
Next Steps
Dividend
What is Tubos Reunidos's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TRG'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 TRG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TRG is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRG'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?
3.1yrs
Average board tenure
CEO
Carlos López De Las Heras
no data
Tenure
Mr. Carlos López De Las Heras serves as Managing Director at Tubos Reunidos, S.A. Mr. De Las Heras served as Director of Planning and Business Development at Tubos Reunidos SA. Mr. De Las Heras served as ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.83yr | no data | no data | |
| Non-Executive Director | 16.42yrs | €62.00k | 1.11% € 520.7k | |
| Vice-Chairman | 21.25yrs | €58.00k | no data | |
| Lead Independent Director | 0.83yr | €124.00k | no data | |
| Independent Director | 5.33yrs | €34.00k | no data | |
| Proprietary Director | 7.17yrs | €62.00k | 0.85% € 402.4k | |
| Independent Director | 3.42yrs | no data | no data | |
| Director | 2.75yrs | no data | no data | |
| Director | 2.5yrs | no data | no data | |
| Director | 0.83yr | no data | no data |
3.1yrs
Average Tenure
Experienced Board: TRG's board of directors are considered experienced (3.1 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
Tubos Reunidos, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tubos Reunidos, S.A.
- Ticker: TRG
- Exchange: BME
- Founded: 1892
- Industry: Steel
- Sector: Materials
- Market Cap: €47.063m
- Shares outstanding: 173.66m
- Website: https://www.tubosreunidos.com
Number of Employees
Location
- Tubos Reunidos, S.A.
- Barrio de Sagarribai, 2
- Amurrio
- Basque Country
- 1470
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRG | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 2002 |
| 0KD2 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 2002 |
| TU1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2002 |
Biography
Tubos Reunidos, S.A. manufactures, processes, and distributes seamless steel pipes in North America, the European Union, the Far East, the Middle East, Africa, and internationally. It offers hot finished a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 21:17 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.