Executive Summary
Tubacex, S.A., together with its subsidiaries, manufactures and sells stainless steel and high-nickel alloy tubes and pipes worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Tubacex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TUB is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TUB's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Spanish stocks.
Market Performance
7 Day Return
-2.1%
TUB
1.5%
ES Metals and Mining
1.0%
ES Market
1 Year Return
-50.2%
TUB
13.5%
ES Metals and Mining
-9.2%
ES Market
Return vs Industry: TUB underperformed the Spanish Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: TUB underperformed the Spanish Market which returned -9.4% over the past year.
Shareholder returns
| TUB | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 1.5% | 1.0% |
| 30 Day | 49.7% | 14.2% | 22.8% |
| 90 Day | 17.7% | 7.2% | 15.3% |
| 1 Year | -50.2%-50.2% | 18.1%13.5% | -6.6%-9.2% |
| 3 Year | -55.6%-56.2% | 18.1%2.9% | -8.4%-16.6% |
| 5 Year | -17.3%-19.2% | 148.1%97.8% | -0.8%-15.8% |
Long-Term Price Volatility Vs. Market
How volatile is Tubacex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
How Much Did Tubacex's(BME:TUB) Shareholders Earn From Share Price Movements Over The Last Three Years?1 month ago | Simply Wall St
How Much Of Tubacex, S.A. (BME:TUB) Do Institutions Own?2 months ago | Simply Wall St
How Much Are Tubacex, S.A. (BME:TUB) Insiders Spending On Buying Shares?Valuation
Is Tubacex undervalued compared to its fair value and its price relative to the market?
0.66x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: TUB (€1.42) is trading above our estimate of fair value (€0.43)
Significantly Below Fair Value: TUB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TUB is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.
PE vs Market: TUB 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 TUB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TUB is good value based on its PB Ratio (0.7x) compared to the XE Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Tubacex forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
104.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TUB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).
Earnings vs Market: TUB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TUB's is expected to become profitable in the next 3 years.
Revenue vs Market: TUB's revenue (14.3% per year) is forecast to grow faster than the Spanish market (6.5% per year).
High Growth Revenue: TUB's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TUB's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Tubacex performed over the past 5 years?
-4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TUB is currently unprofitable.
Growing Profit Margin: TUB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TUB is unprofitable, and losses have increased over the past 5 years at a rate of 4.4% per year.
Accelerating Growth: Unable to compare TUB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TUB 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: TUB has a negative Return on Equity (-0.21%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tubacex's financial position?
Financial Position Analysis
Short Term Liabilities: TUB's short term assets (€554.6M) exceed its short term liabilities (€430.1M).
Long Term Liabilities: TUB's short term assets (€554.6M) exceed its long term liabilities (€291.1M).
Debt to Equity History and Analysis
Debt Level: TUB's debt to equity ratio (141%) is considered high.
Reducing Debt: TUB's debt to equity ratio has increased from 102.6% to 141% over the past 5 years.
Debt Coverage: TUB's debt is not well covered by operating cash flow (3.5%).
Interest Coverage: Insufficient data to determine if TUB's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Tubacex current dividend yield, its reliability and sustainability?
1.02%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TUB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TUB'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 TUB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TUB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TUB is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TUB'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?
2.6yrs
Average board tenure
CEO
Jesus Esmoris (56 yo)
7.83yrs
Tenure
€442,000
Compensation
Mr. Jesus Esmoris Esmoris has been the Chief Executive Officer of Tubacex, S.A. since January 28, 2013. Mr. Esmorís serves as the Managing Director of Business Development & Products at Cie Automotive, S.A...
CEO Compensation Analysis
Compensation vs Market: Jesus's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD531.58K).
Compensation vs Earnings: Jesus's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.83yrs | €442.00k | 0.40% € 758.0k | |
| Independent Vice President of the Board | 1.83yrs | €74.00k | 0.12% € 225.0k | |
| President of the Board | 27.83yrs | €164.00k | 0.15% € 279.3k | |
| Independent Director | 2.5yrs | no data | no data | |
| Independent Director | 5.67yrs | €59.00k | no data | |
| Independent Director | 5.5yrs | €44.00k | no data | |
| Independent Director | 5.5yrs | €42.00k | 0.00040% € 757.1 | |
| Proprietary Director | 2.67yrs | no data | no data | |
| Independent Director | 2.5yrs | no data | 0.11% € 214.4k | |
| Proprietary Director | 1.5yrs | no data | no data | |
| Independent Director | 1.5yrs | no data | 0.00032% € 605.7 | |
| Independent Director | 1.5yrs | no data | no data |
2.6yrs
Average Tenure
66yo
Average Age
Experienced Board: TUB's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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
Tubacex, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tubacex, S.A.
- Ticker: TUB
- Exchange: BME
- Founded: 1963
- Industry: Steel
- Sector: Materials
- Market Cap: €189.266m
- Shares outstanding: 126.18m
- Website: https://www.tubacex.com
Number of Employees
Location
- Tubacex, S.A.
- Tres Cruces 8
- Llodio
- Basque Country
- 1400
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TUB | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 1992 |
| TCX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0KD1 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| TUBE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| TUB N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1992 |
Biography
Tubacex, S.A., together with its subsidiaries, manufactures and sells stainless steel and high-nickel alloy tubes and pipes worldwide. The company offers hot and cold finished stainless steel pipes, welded...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/30 18:43 |
| End of Day Share Price | 2020/11/30 00:00 |
| Earnings | 2020/06/30 |
| 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.