Tecnicas Reunidas (TRE) AI Stock Analysis

• Market Cap: €2.75B
• Dividend Yield: N/A
• Average Volume (3M): 173.07K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.48
• Revenue Growth: 41.87%
• EPS Growth: 55.79%
• Country: ES
• Employees: 10,451
• Sector: General
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 0.64
• Shares Outstanding: 80,301,260
• 10 Day Avg. Volume: 187,166
• 30 Day Avg. Volume: 173,068
• PEG Ratio: 0.18
• Price to Book (P/B): 3.90
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 17.14
• 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: €41.00
• Price Target Upside: 18.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.54
• Revenue Forecast (FY): €6.61B

• Rating: 62 Neutral
• Price Target: €38.00 ▲(9.51% Upside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is driven primarily by improving financial performance (strong growth, profitability recovery, and better leverage), tempered by concerns around margin volatility and working-capital-sensitive cash flows. Technicals are moderately constructive with price above major moving averages but mixed momentum. Valuation is supportive on earnings (P/E ~10.8) but lacks dividend yield support.

Positive Factors

Revenue Growth Recovery

Sustained revenue re-acceleration to ~27% in 2025 signals stronger project wins and higher utilization of engineering and execution capacity. Over 2–6 months this supports backlog visibility, steadier milestone billings and scale benefits that can strengthen long-term project competitiveness.

Negative Factors

Sharp Gross Margin Compression

A dramatic drop in gross margin to ~4% points to material project mix, pricing or cost-control deterioration. Such structural margin pressure can eliminate cushion for operating leverage, magnify earnings volatility and constrain durable profitability absent sustainable margin recovery.

Tecnicas Reunidas Business Overview & Revenue Model

Company Description

Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. It operates through Oil and Gas, Power, and Other Industries segments. The Oil and Gas segment offers en...

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Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. It operates through Oil and Gas, Power, and Other Industries segments. The Oil and Gas segment offers en...

How the Company Makes Money

TRE primarily generates revenue by executing large, contract-based projects as an EPC contractor. Its main revenue stream comes from customer contracts to engineer (design and technical services), procure (sourcing and managing equipment/materials...

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TRE primarily generates revenue by executing large, contract-based projects as an EPC contractor. Its main revenue stream comes from customer contracts to engineer (design and technical services), procure (sourcing and managing equipment/materials...

Tecnicas Reunidas Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.09B	6.47B	4.45B	4.14B	4.23B	2.81B
Gross Profit	1.31B	272.60M	1.22B	1.11B	873.09M	684.04M
EBITDA	248.42M	329.70M	218.78M	187.84M	46.41M	-125.81M
Net Income	106.09M	156.70M	89.94M	60.95M	-37.13M	-190.44M
Balance Sheet
Total Assets	5.26B	5.88B	4.63B	4.50B	4.82B	3.88B
Cash, Cash Equivalents and Short-Term Investments	1.12B	1.14B	1.02B	1.03B	970.23M	676.59M
Total Debt	965.24M	903.90M	888.64M	906.54M	1.03B	784.31M
Total Liabilities	4.78B	5.32B	4.23B	4.18B	4.73B	3.78B
Stockholders Equity	467.71M	553.94M	389.13M	313.66M	70.77M	95.10M
Cash Flow
Free Cash Flow	0.00	125.97M	75.81M	69.17M	81.23M	-270.14M
Operating Cash Flow	0.00	141.61M	83.07M	83.18M	83.99M	-267.17M
Investing Cash Flow	0.00	-16.02M	-7.01M	-13.74M	-1.19M	14.03M
Financing Cash Flow	0.00	-745.00K	-91.30M	4.53M	210.00M	-11.52M

Tecnicas Reunidas Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:TRE, the sentiment is Positive. The current price of 34.7 is above the 20-day moving average (MA) of 30.88, above the 50-day MA of 31.82, and above the 200-day MA of 27.77, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 61.67 is Neutral, neither overbought nor oversold. The STOCH value of 74.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:TRE.

Tecnicas Reunidas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENO	66 Neutral	€3.05B	18.70	-3.10%	13.00%	11.61%	-212.68%
ACS	65 Neutral	€31.92B	22.99	20.71%	2.38%	25.47%	7.63%
TRE	62 Neutral	€2.75B	10.84	29.15%	―	41.87%	55.79%
FER	62 Neutral	€43.21B	44.79	15.04%	1.42%	5.75%	346.20%
ANA	60 Neutral	€13.14B	12.61	18.00%	2.87%	4.87%	339.22%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SCYR	53 Neutral	€3.64B	32.80	8.86%	5.28%	2.03%	-32.59%