Tecnicas Reunidas (TRE) AI Stock Analysis

• Market Cap: €2.37B
• Dividend Yield: N/A
• Average Volume (3M): 173.07K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.35
• Revenue Growth: 41.87%
• EPS Growth: 55.79%
• Country: ES
• Employees: 10,451
• Sector: Industrials
• Sector Strength: 72
• 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: 35.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.54
• Revenue Forecast (FY): €6.61B

• Rating: 59 Neutral
• Price Target: €28.00 ▼(-7.71% Downside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 03/04/26

The score is driven primarily by improving financial performance (stronger growth and sustained profitability) but is held back by margin volatility (notably the 2025 gross margin compression) and only neutral technical momentum. Valuation is moderate based on the provided P/E.

Positive Factors

Revenue growth recovery

Sustained re-acceleration of revenue into 2025 indicates stronger project awards and execution cadence, improving top-line visibility for multiple quarters. For an EPC firm, higher revenue on a multi-year basis supports scale, spreads fixed costs, and underpins longer-term contract pipeline stability.

Negative Factors

Sharp gross margin compression

A dramatic drop in gross margin is a structural concern: it may reflect adverse project mix, aggressive pricing or execution cost overruns. Persistently lower gross margins would erode earnings quality, magnify cash volatility on projects, and could require tighter bidding discipline to restore sustainable profitability.

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...

Read more

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...

Read more

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: 30.34
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 30.34 is below the 20-day moving average (MA) of 30.71, below the 50-day MA of 31.44, and above the 200-day MA of 26.93, indicating a neutral trend. The MACD of -0.90 indicates Positive momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 57.37 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
GSJ	73 Outperform	€533.21M	12.27	17.08%	1.89%	3.23%	12.32%
ACS	65 Neutral	€27.88B	18.49	20.71%	2.38%	25.47%	7.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ANA	60 Neutral	€11.85B	12.61	18.00%	2.87%	4.87%	339.22%
TRE	59 Neutral	€2.37B	10.84	29.15%	―	41.87%	55.79%
SCYR	53 Neutral	€3.30B	32.80	8.86%	5.28%	2.03%	-32.59%
OHLA	51 Neutral	€597.90M	297.92	0.29%	―	1.39%	72.34%