Tubacex Valuation

Is TUB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TUB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TUB (€3.3) is trading above our estimate of fair value (€1.8)

Significantly Below Fair Value: TUB is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TUB?

Other financial metrics that can be useful for relative valuation.

TUB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA6.8x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does TUB's PE Ratio compare to its peers?

The above table shows the PE ratio for TUB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
TRG Tubos Reunidos
2.1xn/a€120.2m
ACX Acerinox
16.7x26.3%€2.4b
ECR Ercros
18.1x23.4%€324.1m
MCM Miquel y Costas & Miquel
11.5xn/a€513.5m
TUB Tubacex
14x25.0%€398.0m

Price-To-Earnings vs Peers: TUB is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (12.1x).


Price to Earnings Ratio vs Industry

How does TUB's PE Ratio compare vs other companies in the European Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TUB is good value based on its Price-To-Earnings Ratio (14x) compared to the European Metals and Mining industry average (15.5x).


Price to Earnings Ratio vs Fair Ratio

What is TUB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TUB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio15.5x

Price-To-Earnings vs Fair Ratio: TUB is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TUB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.30
€4.84
+46.8%
9.9%€5.54€4.10n/a5
Jun ’25€3.29
€4.84
+47.1%
9.9%€5.54€4.10n/a5
May ’25€3.14
€4.78
+52.4%
10.2%€5.54€4.10n/a5
Apr ’25€3.34
€4.78
+43.3%
10.2%€5.54€4.10n/a5
Mar ’25€3.29
€4.78
+45.2%
10.2%€5.54€4.10n/a5
Feb ’25€3.41
€4.67
+37.2%
7.3%€5.05€4.10n/a5
Jan ’25€3.50
€4.69
+34.0%
7.3%€5.05€4.10n/a5
Dec ’24€3.43
€4.69
+36.9%
7.3%€5.05€4.10n/a5
Nov ’24€2.77
€4.65
+67.9%
7.5%€5.05€4.10n/a5
Oct ’24€3.04
€4.59
+51.0%
8.2%€5.05€4.10n/a5
Sep ’24€2.86
€4.48
+56.7%
7.5%€5.00€4.10n/a4
Aug ’24€2.86
€4.48
+56.5%
7.5%€5.00€4.10n/a4
Jul ’24€2.72
€3.98
+46.4%
8.4%€4.50€3.60n/a4
Jun ’24€2.51
€3.88
+54.7%
9.5%€4.50€3.60€3.294
May ’24€2.47
€3.88
+57.2%
9.5%€4.50€3.60€3.144
Apr ’24€2.44
€3.64
+49.4%
11.1%€4.30€3.25€3.344
Mar ’24€2.45
€3.59
+46.4%
11.6%€4.30€3.25€3.294
Feb ’24€2.44
€3.56
+46.3%
12.0%€4.30€3.25€3.414
Jan ’24€2.00
€3.61
+80.8%
13.1%€4.30€3.10€3.504
Dec ’23€2.00
€3.61
+80.6%
13.1%€4.30€3.10€3.434
Nov ’23€2.22
€3.61
+62.7%
13.1%€4.30€3.10€2.774
Oct ’23€1.96
€3.61
+84.3%
13.1%€4.30€3.10€3.044
Sep ’23€2.23
€3.61
+62.4%
13.1%€4.30€3.10€2.864
Aug ’23€1.98
€3.61
+82.1%
13.1%€4.30€3.10€2.864
Jul ’23€2.23
€3.51
+57.9%
17.0%€4.30€2.70€2.724
Jun ’23€2.49
€2.68
+7.6%
15.5%€3.10€2.00€2.514

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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