BME:TRG

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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


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

TRGIndustryMarket
7 Day1.5%0.6%-0.06%
30 Day29.0%6.4%13.6%
90 Day122.1%7.3%12.0%
1 Year31.6%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

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

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

NamePositionTenureCompensationOwnership
Francisco Rodriguez
Executive Chairman0.83yrno datano data
Leticia Zorrilla de Lequerica Puig
Non-Executive Director16.42yrs€62.00k1.11%
€ 520.7k
Emilio Ybarra Aznar
Vice-Chairman21.25yrs€58.00kno data
Jorge Gabiola Mendieta
Lead Independent Director0.83yr€124.00kno data
Ana Isabel Muñoz Beraza
Independent Director5.33yrs€34.00kno data
Alfonso Barandiarán Olleros
Proprietary Director7.17yrs€62.00k0.85%
€ 402.4k
Juan María Román Gonçalves
Independent Director3.42yrsno datano data
Cristóbal Valdés Guinea
Director2.75yrsno datano data
Enrique Migoya Peláez
Director2.5yrsno datano data
Jesús Pérez Rodriguez-Urrutia
Director0.83yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRGBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 2002
0KD2LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2002
TU1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 21:17
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.