Duro Felguera (MDF) AI Stock Analysis

• Market Cap: €49.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: -17.32%
• EPS Growth: -24.27%
• Country: ES
• Employees: 1,496
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.12
• Shares Outstanding: 215,179,430
• 10 Day Avg. Volume: 4,319,856
• 30 Day Avg. Volume: 1,529,856
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.18
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -0.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: €0.00 ▼(-100.00% Downside)

Duro Felguera's overall stock score is primarily impacted by its weak financial performance, characterized by negative equity and cash flow issues. Technical analysis provides some stability, but the lack of positive valuation metrics and absence of earnings call data or corporate events further weigh down the score.

Duro Felguera Business Overview & Revenue Model

Company Description

Duro Felguera, S.A. executes turnkey projects for the energy and industrial sectors in Spain, Latin America, Europe, Africa, the Middle East, Pacific Asia, and internationally. It operates through Conventional Energy, Renewable Energy, Green Hydrogen and Energy Storage, Mining and Handling, Oil and Gas, Heavy Boilermaking, Industrial Plants, Services, Logistics Systems, Epicom, and DF Digital Security segments. The Conventional Energy segment engages in gas turbine power, conventional thermal power plants, biomass, and waste to energy related activities. The Renewable Energy segment executes turnkey projects comprising of photovoltaic, solar thermal plants, and energy recovery projects. The Green Hydrogen and Energy Storage segment provides green hydrogen, energy, and ammonia storage services. The Mining and Handling segment offers gravity, floatation, heap leach, and waste deposit methods. The Oil and Gas segment provides hydrocarbon storage plants, operation, and maintenance related services. The Heavy Boilermaking segment offers FCC units, process units, modular construction, and nuclear components. The Industrial Plants segment develops projects for complex industrial plants in the steel, chemical, pulp, and other sectors. The Services segment provides isolations, start up, operation and maintenance, and other services. The Logistics Systems segment offers consulting and engineering, design, engineering of integral logistics solutions, and after sales services. The Epicom segment provides IP encryptions, secure mobile telephony, offline encryptions, and secure system services. The DF Digital Security segment offers professional services and solutions. Duro Felguera, S.A. was founded in 1858 and is headquartered in Gijón, Spain.

How the Company Makes Money

Duro Felguera generates revenue primarily through contracts for engineering and construction services, often on a project basis. Key revenue streams include engineering services, procurement, and construction management for large projects, particularly in the energy sector, such as power plants and renewable energy installations. The company also earns income from maintenance contracts and operational services for existing facilities. Strategic partnerships with other firms and public sector entities enhance its project portfolio and market reach, contributing significantly to its earnings.

Duro Felguera Financial Statement Overview

Summary

Duro Felguera faces substantial financial challenges with consistent net losses, declining gross profit margins, negative EBIT and EBITDA margins, and a weak balance sheet with negative equity. Cash flow management is also poor, with consistently negative operating and free cash flows.

Income Statement

The company's income statement shows significant challenges with consistent net losses over the years. Gross profit margins have been declining, from 34.81% in 2023 to 33.97% in 2024. Revenue growth was modest at 1.71% in the latest year. Both EBIT and EBITDA margins are negative, indicating operational difficulties. The net profit margin is also negative, reflecting substantial losses.

Balance Sheet

Duro Felguera's balance sheet reveals high financial risk. The equity is negative, and the debt-to-equity ratio cannot be calculated due to negative equity, indicating insolvency risk. The equity ratio is also negative at -125.10% in 2024. The company has reduced its debt, but overall, the financial position remains weak.

Cash Flow

Cash flow analysis indicates severe cash management issues. The operating cash flow is consistently negative, with free cash flow worsening from -27.38 million in 2023 to -77.34 million in 2024. The operating cash flow to net income ratio is negative, highlighting the company's inability to generate cash from operations. Free cash flow to net income ratio is also negative, implying insufficient cash generation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	286.01M	281.20M	117.19M	84.47M	133.14M
Gross Profit	97.18M	119.43M	72.61M	59.14M	68.06M
EBITDA	-83.42M	-10.59M	-3.62M	29.14M	-158.29M
Net Income	-98.37M	-21.89M	5.01M	22.61M	-171.64M
Balance Sheet
Total Assets	215.90M	328.73M	233.46M	292.07M	246.47M
Cash, Cash Equivalents and Short-Term Investments	36.61M	133.32M	53.51M	120.09M	64.04M
Total Debt	138.40M	57.98M	34.14M	42.45M	89.72M
Total Liabilities	485.18M	484.26M	375.39M	429.94M	393.27M
Stockholders Equity	-270.02M	-156.26M	-142.57M	-138.41M	-147.27M
Cash Flow
Free Cash Flow	-77.34M	-27.38M	-61.49M	-65.21M	-68.11M
Operating Cash Flow	-76.56M	-26.96M	-61.49M	-64.70M	-67.38M
Investing Cash Flow	-5.95M	23.89M	8.55M	14.37M	-28.56M
Financing Cash Flow	-1.89M	88.87M	-11.50M	113.98M	-1.30M

Duro Felguera Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:MDF, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.23, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 37.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:MDF.

Duro Felguera Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRE	75 Outperform	€2.50B	23.62	26.16%	―	25.71%	69.71%
GSJ	71 Outperform	€448.68M	16.07	13.28%	2.12%	7.25%	-13.86%
TUB	65 Neutral	€432.06M	14.15	11.13%	5.79%	-10.37%	38.82%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
OHLA	52 Neutral	€639.10M	0.73	-7.07%	―	5.25%	-19.03%
TLGO	46 Neutral	€319.21M	20.37	-92.71%	1.97%	-16.41%	-952.46%
MDF	43 Neutral	€49.92M	―	―	―	-17.32%	-24.27%

Duro Felguera Corporate Events

Duro Felguera Resolves Djelfa Power Plant Dispute with Sonelgaz

Duro Felguera has signed a memorandum of understanding with Sonelgaz-Production d’Electricité and China Power Engineering & Consulting Group to amicably resolve a contract and related disputes concerning the Djelfa power plant in Algeria. This agreement aims to ensure the completion of the power plant’s construction and settle all ongoing litigations, with the final terms to be executed within a month.

Duro Felguera Announces Director Remuneration Policy for 2024-2026

Duro Felguera has outlined its remuneration policy for directors for the years 2024 to 2026, approved by the General Meeting of Shareholders. The policy includes fixed monetary remuneration, attendance fees, variable remuneration via profit sharing, and the possibility of remuneration through shares or options. This structured approach aims to align director incentives with company performance, potentially impacting stakeholder confidence and company governance.

Duro Felguera’s 2024 Corporate Governance Report Highlights Key Shareholders

The annual corporate governance report for Duro Felguera highlights the ownership structure of the company as of the end of 2024. Key shareholders include Grupo Promotor de Desarrollo e Infraestructura, S.A. de C.V., and Mota-Engil México S.A.P.I. de C.V., with significant voting rights held indirectly by Don José Miguel Bejos. The report indicates no incorporation of loyalty shares and no different classes of shares with varying rights, which may impact shareholder dynamics and corporate governance.

Duro Felguera Seeks Extension for Pre-Insolvency Negotiations

Duro Felguera has submitted a request to extend the negotiation period for its pre-insolvency process by three months, with the consent of 96.5% of its creditors. This extension aims to facilitate the company’s restructuring efforts and stabilize its financial standing.

Duro Felguera Secures Creditor Agreement for Restructuring Extension

Duro Felguera has filed for an extension of its pre-bankruptcy negotiations for an additional three months, as part of its restructuring process. The company has secured the agreement of 96.5% of its creditors, which is crucial for its ongoing financial restructuring efforts.