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Tecnicas Reunidas, SA (ES:TRE)
BME:TRE
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Tecnicas Reunidas (TRE) Price & Analysis

21 Followers

TRE Stock Chart & Stats

€34.34
-€0.03(-0.23%)
At close: 4:00 PM EST
€34.34
-€0.03(-0.23%)

Bulls Say, Bears Say

Bulls Say
Sustained Revenue Re-accelerationRevenue re-accelerated materially to ~27% in 2025, reflecting stronger project awards and execution. That sustained top-line momentum improves mid-term revenue visibility for an EPC model where backlog conversion and multi-year contracts drive durable cash and earnings generation if project delivery continues.
Positive Free Cash Flow ConversionFree cash flow has turned and remained positive across 2022–2025, converting roughly 83–97% of net income and ~89% in 2025. For an EPC company, consistent positive FCF improves funding flexibility for working-capital needs and reduces reliance on external financing over the medium term.
Improving Balance Sheet LeverageLeverage has meaningfully improved from very elevated levels to ~1.4x in 2025, and returns on equity strengthened. A stronger equity base and lower net leverage provide greater financial resilience and optionality for bidding large EPC contracts or investing in energy-transition opportunities over the next several quarters.
Bears Say
Sharp Gross Margin CompressionReported gross margin compressed sharply to ~4% in 2025 from prior ~21–27%, signalling significant project mix, pricing, or cost pressures. Such a structural margin swing raises the risk that future project economics may be volatile and that reported operating leverage could reverse if mix or cost trends persist.
Working-capital SensitivityOperating cash flow remains small relative to revenue and highly sensitive to milestone timing and receivables. For an EPC business, this makes cash conversion and liquidity contingent on project billing schedules, increasing the likelihood of short-term cash strain if large contracts slip or client payments delay.
Residual Leverage And Historical SwingsAlthough leverage has improved, it remains meaningful for a cyclical E&C firm and the balance sheet experienced large swings historically. That pattern suggests resilience in a downturn is unproven, leaving the company exposed if project delays, claims, or market slowdowns re-emerge.

Tecnicas Reunidas News

TRE FAQ

What was Tecnicas Reunidas, SA’s price range in the past 12 months?
Tecnicas Reunidas, SA lowest stock price was €20.32 and its highest was €38.66 in the past 12 months.
    What is Tecnicas Reunidas, SA’s market cap?
    Tecnicas Reunidas, SA’s market cap is €2.27B.
      When is Tecnicas Reunidas, SA’s upcoming earnings report date?
      Tecnicas Reunidas, SA’s upcoming earnings report date is Jul 24, 2026 which is tomorrow.
        How were Tecnicas Reunidas, SA’s earnings last quarter?
        Tecnicas Reunidas, SA released its earnings results on May 08, 2026. The company reported €0.18 earnings per share for the quarter, the consensus estimate of €0.18 by €0.
          Is Tecnicas Reunidas, SA overvalued?
          According to Wall Street analysts Tecnicas Reunidas, SA’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Tecnicas Reunidas, SA pay dividends?
            Tecnicas Reunidas, SA pays a Semiannually dividend of €0.241 which represents an annual dividend yield of N/A. See more information on Tecnicas Reunidas, SA dividends here
              What is Tecnicas Reunidas, SA’s EPS estimate?
              Tecnicas Reunidas, SA’s EPS estimate is 0.57.
                How many shares outstanding does Tecnicas Reunidas, SA have?
                Tecnicas Reunidas, SA has 80,301,260 shares outstanding.
                  What happened to Tecnicas Reunidas, SA’s price movement after its last earnings report?
                  Tecnicas Reunidas, SA reported an EPS of €0.18 in its last earnings report, expectations of €0.18. Following the earnings report the stock price went down -5.537%.
                    Which hedge fund is a major shareholder of Tecnicas Reunidas, SA?
                    Currently, no hedge funds are holding shares in ES:TRE
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Tecnicas Reunidas, SA

                      Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Upstream & Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels. The Natural gas segment provides direction, management, engineering, procurement, construction and commissioning services for facilities throughout the supply chain, from natural gas production to regasification terminals; and treatment and processing plants, compressor and liquefaction stations, storage tanks, and final regasification facilities. The Petrochemical segment provides direction, management, engineering, procurement, construction and startup services for facilities dedicated to the production of basic chemical materials used in water distribution, pharmaceuticals, health, food, energy efficiency in buildings and transport systems, and others. The Low-carbon technologies segment offers hydrogen, carbon capture and storage, circular economy and bioproducts; produces biomethane and converts biomass and waste into fuels, biodiesel, biokerosene, chemicals, and power and steam generation. The Other segment offers water treatment, port infrastructures, and oil production. In addition, the company is involved in real estate-related activities, consultancy and assistance in international engineering projects, project execution, and machinery wholesale business. Técnicas Reunidas, S.A. was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. The company was incorporated in 1960 and is headquartered in Madrid, Spain.

                      Tecnicas Reunidas (TRE) Earnings & Revenues

                      TRE Stock 12 Month Forecast

                      Average Price Target

                      €49.00
                      ▲(42.69% Upside)
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7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":28.5,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 5,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":27.64,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n        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