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TE

Technip Energies ENXTPA:TE Stock Report

Last Price

€12.34

Market Cap

€2.2b

7D

0.7%

1Y

6.7%

Updated

29 Jun, 2022

Data

Company Financials +
TE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends3/6

TE Stock Overview

Technip Energies N.V., together with its subsidiaries, operates as an engineering and technology company for the energy transition in Europe, Russia, the Asia Pacific, Africa, the Middle East, and the Americas.

Technip Energies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Technip Energies
Historical stock prices
Current Share Price€12.34
52 Week High€14.82
52 Week Low€8.44
Beta0
1 Month Change1.73%
3 Month Change11.67%
1 Year Change6.75%
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.84%

Recent News & Updates

Shareholder Returns

TEFR Energy ServicesFR Market
7D0.7%-2.6%2.2%
1Y6.7%15.9%-10.6%

Return vs Industry: TE underperformed the French Energy Services industry which returned 17.8% over the past year.

Return vs Market: TE exceeded the French Market which returned -10.6% over the past year.

Price Volatility

Is TE's price volatile compared to industry and market?
TE volatility
TE Average Weekly Movement5.5%
Energy Services Industry Average Movement7.8%
Market Average Movement4.9%
10% most volatile stocks in FR Market9.1%
10% least volatile stocks in FR Market2.9%

Stable Share Price: TE is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201915,586Arnaud Pietonhttps://www.technipenergies.com

Technip Energies N.V., together with its subsidiaries, operates as an engineering and technology company for the energy transition in Europe, Russia, the Asia Pacific, Africa, the Middle East, and the Americas. The company operates through two segments, Projects Delivery, and Technology, Products and Services. It is involved in the engineering, procurement, construction management, commissioning, and transport and installation of various energy projects.

Technip Energies Fundamentals Summary

How do Technip Energies's earnings and revenue compare to its market cap?
TE fundamental statistics
Market Cap€2.23b
Earnings (TTM)€272.90m
Revenue (TTM)€6.49b

8.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TE income statement (TTM)
Revenue€6.49b
Cost of Revenue€5.52b
Gross Profit€973.00m
Other Expenses€700.10m
Earnings€272.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)1.51
Gross Margin14.98%
Net Profit Margin4.20%
Debt/Equity Ratio41.7%

How did TE perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TE 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio23.5x

Price to Earnings Ratio vs Peers

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

TE PE Ratio vs Peers
The above table shows the PE ratio for TE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18x
VK Vallourec
28.5x16.5%€2.8b
GTT Gaztransport & Technigaz
34x13.1%€4.6b
MAU Etablissements Maurel & Prom
8.1x-12.4%€920.9m
ES EssoF
1.4xn/a€817.6m
TE Technip Energies
8.2x0.3%€2.2b

Price-To-Earnings vs Peers: TE is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (18x).


Price to Earnings Ratio vs Industry

How does TE's PE Ratio compare vs other companies in the European Energy Services Industry?

Price-To-Earnings vs Industry: TE is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Energy Services industry average (10.6x)


Price to Earnings Ratio vs Fair Ratio

What is TE'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.

TE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: TE is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Share Price vs Fair Value

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

Below Fair Value: TE (€12.34) is trading below our estimate of fair value (€15.4)

Significantly Below Fair Value: TE is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: TE is poor value based on its PEG Ratio (23.5x)


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Future Growth

How is Technip Energies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TE's forecast earnings growth (0.3% per year) is above the savings rate (0.3%).

Earnings vs Market: TE's earnings (0.3% per year) are forecast to grow slower than the French market (11.8% per year).

High Growth Earnings: TE's earnings are forecast to grow, but not significantly.

Revenue vs Market: TE's revenue (2.1% per year) is forecast to grow slower than the French market (5.9% per year).

High Growth Revenue: TE's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TE's Return on Equity is forecast to be low in 3 years time (13.9%).


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Past Performance

How has Technip Energies performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TE has high quality earnings.

Growing Profit Margin: TE's current net profit margins (4.2%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: TE's earnings have grown significantly by 37.3% per year over the past 5 years.

Accelerating Growth: TE's earnings growth over the past year (12.1%) is below its 5-year average (37.3% per year).

Earnings vs Industry: TE earnings growth over the past year (12.1%) exceeded the Energy Services industry -1.4%.


Return on Equity

High ROE: TE's Return on Equity (18.9%) is considered low.


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Financial Health

How is Technip Energies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TE's short term assets (€6.0B) do not cover its short term liabilities (€6.3B).

Long Term Liabilities: TE's short term assets (€6.0B) exceed its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: TE has more cash than its total debt.

Reducing Debt: Insufficient data to determine if TE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TE's debt is well covered by operating cash flow (133.5%).

Interest Coverage: TE's interest payments on its debt are well covered by EBIT (64.8x coverage).


Balance Sheet


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Dividend

What is Technip Energies's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TE's dividend (3.65%) is higher than the bottom 25% of dividend payers in the French market (1.76%).

High Dividend: TE's dividend (3.65%) is low compared to the top 25% of dividend payers in the French market (5.46%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TE's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.3%), TE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.2%), TE's dividend payments are thoroughly covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average management tenure


CEO

Arnaud Pieton (48 yo)

no data

Tenure

Mr. Arnaud Pieton serves as Non-Independent Executive Director at Technip Energies N.V. since November 2021. He is Chief Executive Officer of Technip Energies N.V. and served as its Executive Director unti...


Leadership Team

Experienced Management: TE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Technip Energies N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Technip Energies N.V.
  • Ticker: TE
  • Exchange: ENXTPA
  • Founded: 2019
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: €2.231b
  • Shares outstanding: 180.83m
  • Website: https://www.technipenergies.com

Number of Employees


Location

  • Technip Energies N.V.
  • 2126 boulevard de la DEfense
  • Immeuble Origine
  • Nanterre
  • Ile-de-France
  • 92741
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.