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Duro Felguera
(BME:MDF)
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Rating:46Neutral
Price Target:
€0.19
▲(1.58% Upside)
Action:Reiterated
Date:06/26/26
The score is primarily constrained by very weak financial performance (large losses, deeply negative equity, and ongoing cash burn), indicating elevated solvency and liquidity risk. Technical indicators are moderately supportive in the short term (price above key moving averages and positive MACD), but they are outweighed by the distressed fundamentals. Valuation is also challenged because the company is loss-making and provides no dividend yield data.
Positive Factors
EPC project-based business model
Duro's core EPC and turnkey model ties revenue to long-duration contracts and milestone billing, supporting predictable contract-level cash flows and client lock-in. The integrated offering (engineering, procurement, construction, services) supports repeat business and durable revenue streams when execution stabilizes.
Negative Factors
Deeply negative shareholders' equity
A deeply negative equity position with substantial debt implies severe capitalization strain. This elevates solvency risk, restricts access to conventional financing and performance bonds crucial for EPC contracts, and likely requires external recapitalization or restructuring to restore long-term financial flexibility and counterparty confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
EPC project-based business model
Duro's core EPC and turnkey model ties revenue to long-duration contracts and milestone billing, supporting predictable contract-level cash flows and client lock-in. The integrated offering (engineering, procurement, construction, services) supports repeat business and durable revenue streams when execution stabilizes.
Read all positive factors
Duro Felguera (MDF) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€18.93M
Dividend YieldN/A
Average Volume (3M)1.62M
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth-43.69%
EPS Growth27.82%
CountryES
Employees496
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)N/A
Shares Outstanding97,555,600
10 Day Avg. Volume821,429
30 Day Avg. Volume1,615,919
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.11
Price to Sales (P/S)0.23
P/FCF Ratio-1.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Duro Felguera Business Overview & Revenue Model
Company Description
Duro Felguera, S.A., established in 1858 and headquartered in Gijón, Spain, specializes in delivering comprehensive, ready-to-operate projects for the energy and industrial sectors. Its operational footprint is extensive, encompassing Spain, Latin...
How the Company Makes Money
Duro Felguera makes money mainly by contracting and delivering industrial projects and charging customers for engineering and construction-related services. Its core revenue model is project-based: it bids for and wins EPC and turnkey contracts (o...
Duro Felguera Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
9
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 161.06M | 286.01M | 281.20M | 117.19M | 84.47M |
| Gross Profit | 13.83M | 97.18M | 119.43M | 72.61M | 59.14M |
| EBITDA | -49.88M | -83.42M | -10.59M | -3.62M | 29.14M |
| Net Income | -71.00M | -98.37M | -21.89M | 5.01M | 22.61M |
Balance Sheet | |||||
| Total Assets | 134.85M | 215.90M | 328.73M | 233.46M | 292.07M |
| Cash, Cash Equivalents and Short-Term Investments | 18.32M | 36.61M | 133.32M | 53.51M | 120.09M |
| Total Debt | 291.57M | 138.40M | 69.86M | 34.14M | 42.45M |
| Total Liabilities | 467.48M | 485.18M | 484.26M | 375.39M | 429.94M |
| Stockholders Equity | -337.70M | -270.02M | -156.26M | -142.57M | -138.41M |
Cash Flow | |||||
| Free Cash Flow | -22.80M | -77.34M | -27.38M | -61.49M | -65.21M |
| Operating Cash Flow | -22.76M | -76.56M | -26.96M | -61.49M | -64.70M |
| Investing Cash Flow | 8.32M | -5.95M | 23.89M | 8.55M | 14.37M |
| Financing Cash Flow | 597.00K | -1.89M | 88.87M | -11.50M | 113.98M |
Duro Felguera Technical Analysis
Positive
0.19
Price Trends
0.20
Negative
0.19
Positive
0.19
Positive
Market Momentum
>-0.01
Positive
49.33
Neutral
67.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:MDF, the sentiment is Positive. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.33 is Neutral, neither overbought nor oversold. The STOCH value of 67.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:MDF.
Duro Felguera Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | €40.75B | 59.73 | 10.42% | 2.00% | 5.46% | -81.98% | |
59 Neutral | €2.90B | 14.37 | 21.10% | 9.34% | 6.96% | ― | |
58 Neutral | €29.34B | 39.25 | 19.75% | 3.14% | 10.46% | 14.97% | |
57 Neutral | €2.21B | 14.00 | 27.90% | ― | 32.96% | 48.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.71B | 28.18 | 13.38% | 2.71% | 3.64% | 41.50% | |
46 Neutral | €18.93M | -0.59 | 22.65% | ― | -43.69% | 27.82% |
* General Sector Average
ES:MDF
Duro Felguera
0.20
-0.03
-12.17%
ES:ACS
Actividades de Construccion y Servicios SA
109.00
47.73
77.90%
ES:ENO
Elecnor
33.05
9.53
40.52%
ES:FER
Ferrovial
57.36
13.17
29.80%
ES:SCYR
Sacyr SA
4.58
1.01
28.43%
ES:TRE
Tecnicas Reunidas
27.58
6.64
31.71%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.