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Tubacex BME:TUB Stock Report

Last Price

€3.36

Market Cap

€408.0m

7D

-6.8%

1Y

-6.9%

Updated

18 Dec, 2024

Data

Company Financials +

Tubacex, S.A.

BME:TUB Stock Report

Market Cap: €408.0m

TUB Stock Overview

Engages in the manufacturing, supplying, and sale of stainless steel and nickel super-alloy tubular solutions in Spain and internationally. More details

TUB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health1/6
Dividends3/6

Rewards

Trading at 35.1% below our estimate of its fair value

Earnings are forecast to grow 35.74% per year

Analysts in good agreement that stock price will rise by 45.8%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 3.52% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

Tubacex, S.A. Competitors

Tubos Reunidos

BME:TRG

€86.0m

Acerinox

BME:ACX

€2.3b

Miquel y Costas & Miquel

BME:MCM

€475.4m

Ercros

BME:ECR

€323.7m

Price History & Performance

Summary of share price highs, lows and changes for Tubacex
Historical stock prices
Current Share Price€3.36
52 Week High€3.69
52 Week Low€2.63
Beta1.31
1 Month Change-1.61%
3 Month Change10.18%
1 Year Change-6.93%
3 Year Change115.89%
5 Year Change16.90%
Change since IPO63.22%

Recent News & Updates

Tubacex, S.A.'s (BME:TUB) Shares Leap 25% Yet They're Still Not Telling The Full Story

Oct 09
Tubacex, S.A.'s (BME:TUB) Shares Leap 25% Yet They're Still Not Telling The Full Story

Investors Will Want Tubacex's (BME:TUB) Growth In ROCE To Persist

Sep 18
Investors Will Want Tubacex's (BME:TUB) Growth In ROCE To Persist

Recent updates

Tubacex, S.A.'s (BME:TUB) Shares Leap 25% Yet They're Still Not Telling The Full Story

Oct 09
Tubacex, S.A.'s (BME:TUB) Shares Leap 25% Yet They're Still Not Telling The Full Story

Investors Will Want Tubacex's (BME:TUB) Growth In ROCE To Persist

Sep 18
Investors Will Want Tubacex's (BME:TUB) Growth In ROCE To Persist

These 4 Measures Indicate That Tubacex (BME:TUB) Is Using Debt Extensively

Jul 24
These 4 Measures Indicate That Tubacex (BME:TUB) Is Using Debt Extensively

Is Tubacex (BME:TUB) A Risky Investment?

Apr 05
Is Tubacex (BME:TUB) A Risky Investment?

Is Tubacex (BME:TUB) Using Too Much Debt?

Aug 13
Is Tubacex (BME:TUB) Using Too Much Debt?

Is There An Opportunity With Tubacex, S.A.'s (BME:TUB) 43% Undervaluation?

Jul 06
Is There An Opportunity With Tubacex, S.A.'s (BME:TUB) 43% Undervaluation?

Is Tubacex (BME:TUB) A Risky Investment?

Sep 30
Is Tubacex (BME:TUB) A Risky Investment?

Tubacex, S.A. (BME:TUB) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Jul 31
Tubacex, S.A. (BME:TUB) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Time To Worry? Analysts Are Downgrading Their Tubacex, S.A. (BME:TUB) Outlook

Jul 29
Time To Worry? Analysts Are Downgrading Their Tubacex, S.A. (BME:TUB) Outlook

Does Tubacex (BME:TUB) Have A Healthy Balance Sheet?

May 14
Does Tubacex (BME:TUB) Have A Healthy Balance Sheet?

What Is The Ownership Structure Like For Tubacex, S.A. (BME:TUB)?

Mar 15
What Is The Ownership Structure Like For Tubacex, S.A. (BME:TUB)?

Reflecting on Tubacex's (BME:TUB) Share Price Returns Over The Last Three Years

Feb 07
Reflecting on Tubacex's (BME:TUB) Share Price Returns Over The Last Three Years

Is Tubacex (BME:TUB) Using Debt In A Risky Way?

Dec 14
Is Tubacex (BME:TUB) Using Debt In A Risky Way?

A Rising Share Price Has Us Looking Closely At Tubacex, S.A.'s (BME:TUB) P/E Ratio

Jun 21
A Rising Share Price Has Us Looking Closely At Tubacex, S.A.'s (BME:TUB) P/E Ratio

Shareholder Returns

TUBES Metals and MiningES Market
7D-6.8%-8.0%-1.2%
1Y-6.9%-12.2%12.3%

Return vs Industry: TUB exceeded the Spanish Metals and Mining industry which returned -12.9% over the past year.

Return vs Market: TUB underperformed the Spanish Market which returned 12.1% over the past year.

Price Volatility

Is TUB's price volatile compared to industry and market?
TUB volatility
TUB Average Weekly Movement4.2%
Metals and Mining Industry Average Movement6.2%
Market Average Movement3.2%
10% most volatile stocks in ES Market6.0%
10% least volatile stocks in ES Market0.7%

Stable Share Price: TUB has not had significant price volatility in the past 3 months compared to the Spanish market.

Volatility Over Time: TUB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19632,592Jesus Esmoriswww.tubacex.com

Tubacex, S.A., together with its subsidiaries, engages in the manufacturing, supplying, and sale of stainless steel and nickel super-alloy tubular solutions in Spain and internationally. The company offers seamless stainless steel tubes; mechanical tubes; round bars, billets, and ingots; fittings and special components, such as welding fittings, curved sections, elbows, tees, reducers, and caps; and Tubacoat, a ceramic coating for long steel and high-nickel alloy products. Its products have applications in oil and gas exploration and production, hydrocarbon processing, fertilizer, power generation, aerospace, and other industries.

Tubacex, S.A. Fundamentals Summary

How do Tubacex's earnings and revenue compare to its market cap?
TUB fundamental statistics
Market cap€407.99m
Earnings (TTM)€22.73m
Revenue (TTM)€781.64m

17.9x

P/E Ratio

0.5x

P/S Ratio

Is TUB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TUB income statement (TTM)
Revenue€781.64m
Cost of Revenue€339.24m
Gross Profit€442.39m
Other Expenses€419.66m
Earnings€22.73m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin56.60%
Net Profit Margin2.91%
Debt/Equity Ratio200.8%

How did TUB perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

66%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 05:03
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Tubacex, S.A. is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
César Sánchez-Grande BergonAhorro Corporación
Bruno BessaBanco BPI, S.A.
Francisco Rodríguez SánchezBanco de Sabadell. S.A.