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Talgo S.A.
(BME:TLGO)
Talgo S.A. (TLGO) vs. iShares MSCI Spain ETF (EWP)
Talgo S.A. Business Overview & Revenue Model
Talgo S.A. Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 669.22M | 652.00M | 469.12M | 555.41M | 487.10M | Gross Profit |
| 125.34M | 155.32M | 139.27M | 124.93M | 49.91M | EBIT |
| -71.42M | 58.97M | 26.46M | 41.41M | 3.38M | EBITDA |
| -58.66M | 77.32M | 44.67M | 62.44M | 13.83M | Net Income Common Stockholders |
| -106.07M | 13.69M | 1.44M | 27.56M | -17.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 93.40M | 156.08M | 239.38M | 252.98M | 238.35M | Total Assets |
| 1.27B | 1.12B | 1.13B | 1.03B | 902.87M | Total Debt |
| 0.00 | 453.96M | 375.58M | 318.01M | 306.85M | Net Debt |
| -93.29M | 298.20M | 136.19M | 65.03M | 78.54M | Total Liabilities |
| 1.09B | 827.48M | 849.69M | 740.59M | 645.20M | Stockholders Equity |
| 170.61M | 278.00M | 281.18M | 287.00M | 257.67M |
| Cash Flow | Free Cash Flow | |||
| -159.37M | -142.22M | -47.64M | 4.50M | -110.26M | Operating Cash Flow |
| -110.80M | -115.75M | -25.26M | 29.65M | -85.56M | Investing Cash Flow |
| -48.57M | -18.60M | -22.38M | -11.18M | -24.70M | Financing Cash Flow |
| 97.55M | 50.71M | 33.22M | 6.21M | 13.01M |
Talgo S.A. Technical Analysis
Talgo S.A. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €146.47B | 24.94 | 33.03% | 2.77% | 6.22% | 6.69% | |
78 Outperform | €31.96B | 10.03 | 65.54% | 1.41% | 7.43% | 608.14% | |
74 Outperform | €102.75B | 20.69 | 10.55% | 2.92% | -3.50% | -20.24% | |
72 Outperform | €1.65B | 15.95 | 11.89% | 2.31% | 10.10% | 15.80% | |
66 Neutral | $4.52B | 12.34 | 5.41% | 3.62% | 4.15% | -12.18% | |
64 Neutral | €14.85B | 17.65 | 16.48% | 2.87% | 16.50% | 7.64% | |
46 Neutral | €382.09M | 20.37 | -47.29% | 1.97% | 2.64% | -867.79% |
Talgo S.A. Corporate Events
Talgo S.A. announced the resignation of Mr. John Charles Pope from his role as an independent external director, following his attainment of the maximum age limit as per the company’s regulations. Mr. Pope’s departure marks the end of an eighteen-year tenure during which he made significant contributions to the company’s governance and operations.
Talgo S.A. has appointed Ms. María José Zueco Peña as an independent external director, filling a vacancy on its Board of Directors. Ms. Zueco Peña, who has a strong background in law and real estate, is expected to bring valuable expertise to the board, potentially impacting the company’s governance and strategic direction.
Talgo S.A. presented its 2024 results, highlighting the use of alternative performance measures (APMs) to provide a clearer understanding of its financial performance. These APMs, while not substitutes for IFRS standards, offer insights into the company’s operations and are aligned with international financial market practices.
Talgo S.A.’s annual corporate governance report reveals key details about its ownership structure as of December 31, 2024. Trilantic Capital Management GP Limited holds a significant indirect voting power of 40.03%, while Doña Ana Patricia Torrente Blasco holds 5.04% through Torrblas, S.L. This ownership distribution could influence decision-making and strategic directions, impacting stakeholders and the company’s future governance.
Talgo S.A. has maintained its directors’ remuneration policy, ensuring it aligns with market standards and promotes long-term profitability and sustainability. The policy, approved at the General Shareholders’ Meeting, includes fixed allocations, profit sharing, and variable remuneration for executive functions, aiming to balance risk and reward effectively.
Talgo S.A. announced that it will release its financial results for the year 2024 on February 25, 2025, following the closure of the Madrid Stock Exchange. This announcement signals a forthcoming update on the company’s financial performance, potentially impacting stakeholder expectations and influencing the company’s market positioning.
Pegaso Transportation International S.C.A. and a consortium consisting of Clerbil, S.L., Finkatze Kapitala Finkatuz, S.A., Fundación Bancaria BBK, and Fundación Bancaria Vital have reached a commercial agreement to acquire approximately 29.7% of Talgo S.A.’s share capital. The agreement includes a fixed price per share and a variable component based on future performance, pending approval and formalization, indicating a significant shift in ownership that could impact Talgo’s market dynamics.
Talgo S.A. has announced the resignation of Mr. Jose María Oriol Fabra, who served as the Non-Executive Vice President of the Board of Directors, effective immediately, due to personal reasons. This change in leadership might influence the strategic direction of the company, potentially impacting its governance and decision-making processes.
PFR Fundusz Inwestycyjny Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych clarified that it has not made a proposal to acquire a stake in Talgo, S.A. from Pegaso Transportation International, S.C.A., addressing recent media rumors. This announcement highlights the current lack of movement in potential acquisition talks, maintaining the status quo in Talgo’s shareholder structure for the moment.
Talgo S.A. announced the immediate resignation of three proprietary directors due to the planned divestment of Pegaso Transportation International. The company is set to evaluate and reconfigure its Board of Directors to ensure management continuity amid these changes, aiming to keep stakeholders informed about further developments.
PFR Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznychoferta has expressed its intention to make a proposal that could lead to a public offer to acquire all shares of Talgo, S.A. This proposal is contingent on various conditions and requires authorization from PFR’s governing bodies, leaving uncertainty about the final decision.
A consortium of investors had previously expressed interest in acquiring 29.77% of Talgo’s shares. However, PFR is considering making a proposal to acquire 100% of Talgo’s shares, pending approval from Pegaso Transportation International SCA and PFR’s governing bodies. This potential acquisition could significantly impact Talgo’s market positioning, although there is no certainty that the offer will proceed.
PFR is planning to propose an acquisition of Pegaso Transportation International SCA’s stake in Talgo S.A., although the proposal has not yet been submitted. This move is contingent on approval from PFR’s governing bodies, indicating potential changes in Talgo’s shareholder structure.
A consortium comprising Clerbil, S.L., Finkatze Kapitala Finkatuz, S.A., Fundación Bancaria BBK, and Fundación Bancaria Vital has made an offer to acquire nearly 30% of Talgo S.A. shares from Trilantic Capital Investment. The offer, valuing the stake at up to 177 million euros, is contingent on regulatory approvals and is structured with a fixed and a variable price component, potentially impacting Talgo’s financial trajectory and market positioning.
The Consortium has made an offer to acquire a significant stake in Talgo, S.A., a company known for its involvement in the rail industry, from Pegaso Transportation International. The offer, valued at up to 177 million euros, is contingent upon various conditions, including regulatory approvals, and is structured in two tranches based on future financial performance. The Consortium intends not to exceed a 30% stake, avoiding a mandatory public acquisition offer.
Talgo, S.A. has received a non-binding offer from a group of investors led by Clerbil, S.L. for the acquisition of up to 29.7682% of its share capital. The offer includes a fixed base price per share with potential increases based on financial performance and is subject to due diligence and regulatory approvals to be completed by May 2025.