Técnicas Reunidas, S.A.

OTCPK:TNIS.F Stock Report

Market Cap: US$881.8m

Técnicas Reunidas Valuation

Is TNIS.F 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 TNIS.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TNIS.F ($11.41) is trading below our estimate of fair value ($13.92)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TNIS.F?

Key metric: As TNIS.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TNIS.F. This is calculated by dividing TNIS.F's market cap by their current earnings.
What is TNIS.F's PE Ratio?
PE Ratio10.1x
Earnings€84.15m
Market Cap€846.78m

Price to Earnings Ratio vs Peers

How does TNIS.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TNIS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
NESR National Energy Services Reunited
16.2x40.0%US$839.9m
INVX Innovex International
9.3x-33.6%US$1.2b
CLB Core Laboratories
38.1x17.4%US$999.1m
VTOL Bristow Group
19.9x33.9%US$1.1b
TNIS.F Técnicas Reunidas
10.1x15.4%US$846.8m

Price-To-Earnings vs Peers: TNIS.F is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does TNIS.F's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NCSM NCS Multistage Holdings
1.3x-107.5%US$57.59m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
TNIS.F 10.1xIndustry Avg. 16.2xNo. of Companies7PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TNIS.F is good value based on its Price-To-Earnings Ratio (10.1x) compared to the US Energy Services industry average (16.2x).

Price to Earnings Ratio vs Fair Ratio

What is TNIS.F'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.

TNIS.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TNIS.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 TNIS.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.41
US$18.01
+57.8%
19.0%US$21.49US$11.01n/a8
Nov ’25n/a
US$17.79
0%
21.7%US$22.21US$11.38n/a8
Oct ’25n/a
US$17.62
0%
21.7%US$22.00US$11.27n/a8
Sep ’25n/a
US$17.62
0%
21.7%US$22.00US$11.27n/a8
Aug ’25n/a
US$17.62
0%
21.7%US$22.00US$11.27n/a8
Jul ’25n/a
US$17.62
0%
21.7%US$22.00US$11.27n/a8
Jun ’25n/a
US$14.84
0%
25.8%US$21.60US$10.80n/a8
May ’25n/a
US$12.38
0%
20.1%US$15.24US$8.56n/a8
Apr ’25n/a
US$12.41
0%
20.3%US$15.44US$8.67n/a8
Mar ’25n/a
US$12.41
0%
20.3%US$15.44US$8.67n/a8
Feb ’25n/a
US$12.51
0%
18.5%US$15.45US$8.71n/a8
Jan ’25n/a
US$12.47
0%
18.3%US$15.28US$8.61n/a8
Dec ’24n/a
US$12.28
0%
18.8%US$15.40US$8.67n/a9
Nov ’24n/a
US$11.97
0%
18.8%US$15.00US$8.45n/a9
Oct ’24n/a
US$12.49
0%
18.8%US$15.71US$8.82n/a9
Sep ’24n/a
US$12.49
0%
18.8%US$15.71US$8.82n/a9
Aug ’24n/a
US$12.49
0%
18.8%US$15.71US$8.82n/a9
Jul ’24n/a
US$12.29
0%
18.4%US$15.00US$8.03n/a9
Jun ’24n/a
US$12.34
0%
18.4%US$15.00US$8.04n/a9
May ’24n/a
US$13.12
0%
19.9%US$16.61US$8.25n/a10
Apr ’24n/a
US$13.43
0%
22.3%US$19.69US$7.75n/a11
Mar ’24n/a
US$13.20
0%
22.7%US$19.23US$7.69n/a11
Feb ’24US$11.70
US$12.83
+9.7%
19.3%US$16.44US$7.84n/a10
Jan ’24n/a
US$10.88
0%
18.5%US$13.00US$7.49n/a9
Dec ’23n/a
US$10.88
0%
18.5%US$13.00US$7.49n/a9
Nov ’23US$6.95
US$9.87
+41.9%
20.7%US$12.72US$6.85n/a9

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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