Tecnoglass (TGLS) AI Stock Analysis

• Market Cap: $2.35B
• Dividend Yield: 1.12%
• Average Volume (3M): 492.62K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.47
• Revenue Growth: 15.70%
• EPS Growth: 19.92%
• Country: US
• Employees: 9,837
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 1.00
• Shares Outstanding: 46,569,447
• 10 Day Avg. Volume: 422,955
• 30 Day Avg. Volume: 492,619
• PEG Ratio: -2.12
• Price to Book (P/B): 5.91
• Price to Sales (P/S): 4.19
• P/FCF Ratio: 40.98
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 3.19
• Enterprise Value/Gross Profit: 7.26
• Enterprise Value/Ebitda: 10.59
• 1Y Price Target: $74.00
• Price Target Upside: 46.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 3.78
• Revenue Forecast (FY): $984.01M

• Rating: 74 Outperform
• Price Target: $57.00 ▲(12.85% Upside)

Tecnoglass demonstrates strong financial performance with robust revenue growth and profitability. The earnings call provided positive guidance, although margin pressures and reduced revenue guidance pose challenges. Technical indicators suggest a bearish trend, and the valuation is reasonable. Overall, the stock is positioned for growth but faces some near-term headwinds.

Positive Factors

Revenue Growth

The consistent revenue growth highlights Tecnoglass's ability to expand its market presence and product adoption, ensuring long-term business sustainability.

Strong Backlog

A strong backlog provides revenue visibility and stability, supporting future growth and operational planning over the next several years.

Financial Flexibility

Robust liquidity and low leverage enhance Tecnoglass's ability to invest in growth opportunities and weather economic fluctuations.

Negative Factors

Gross Margin Decline

Declining gross margins due to cost pressures and currency fluctuations could impact profitability and require strategic adjustments.

Cost Pressures

Rising input costs and currency impacts could squeeze margins and affect competitive positioning if not managed effectively.

SG&A Expense Increase

Higher SG&A expenses may reduce net profitability, necessitating cost control measures to maintain financial health.

Tecnoglass Business Overview & Revenue Model

Company Description

Tecnoglass Inc., through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products. In addition, the company offers curtain wall/floating facades, windows and doors, interior dividers and commercial display windows, hurricane-proof windows, and stick facade systems; and other products comprising awnings, structures, automatic doors, and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, and Alutions brands through internal and independent sales representatives, as wells as directly to distributors. The company was founded in 1984 and is headquartered in Barranquilla, Colombia. Tecnoglass Inc. is a subsidiary of Energy Holding Corporation.

How the Company Makes Money

Tecnoglass generates revenue primarily through the sale of its glass products and related services to the construction industry. The company operates on a business-to-business (B2B) model, securing contracts with developers and contractors for large-scale projects. Key revenue streams include custom glass solutions, installation services, and the sale of proprietary products that meet specific energy efficiency standards. Additionally, Tecnoglass benefits from strategic partnerships with architecture firms and construction companies, which enhance its market reach and allow for joint ventures on large projects. The company's financial success is also bolstered by its ability to adapt to market trends, such as the increasing demand for sustainable building materials, which aligns with its product offerings.

Tecnoglass Financial Statement Overview

Summary

Tecnoglass presents a robust financial profile with strong revenue growth, profitability, and cash flow generation. The company maintains a solid balance sheet with low leverage, which positions it well for future growth. While there are minor concerns regarding cost management, the overall financial health is commendable.

Income Statement

Tecnoglass has demonstrated strong revenue growth over the years, with a TTM revenue growth rate of 2.32% and a solid net profit margin of 19.13%. The company maintains healthy EBIT and EBITDA margins, indicating efficient operations and profitability. However, the slight decline in gross profit margin over time suggests potential cost pressures.

Balance Sheet

The company's balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.15 in the TTM period, reflecting prudent financial management. Return on equity remains robust at 27.43%, showcasing effective utilization of shareholder funds. However, the equity ratio indicates a moderate reliance on debt financing.

Cash Flow

Tecnoglass exhibits strong cash flow management, with a significant free cash flow growth rate of 21.73% in the TTM period. The operating cash flow to net income ratio is healthy, indicating good cash conversion. The free cash flow to net income ratio of 66.32% suggests effective cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	977.89M	890.18M	833.26M	716.57M	496.79M	376.61M
Gross Profit	429.68M	379.97M	390.93M	349.50M	202.58M	139.44M
EBITDA	294.68M	259.06M	292.47M	259.01M	127.69M	79.17M
Net Income	180.48M	161.31M	182.88M	155.74M	68.15M	23.88M
Balance Sheet
Total Assets	1.23B	1.02B	962.72M	734.31M	591.56M	530.11M
Cash, Cash Equivalents and Short-Term Investments	127.07M	137.53M	132.41M	105.72M	86.99M	70.06M
Total Debt	111.90M	109.31M	170.01M	169.48M	199.06M	224.49M
Total Liabilities	464.11M	385.46M	414.70M	383.98M	346.87M	321.57M
Stockholders Equity	763.97M	631.18M	548.02M	348.82M	243.86M	207.98M
Cash Flow
Free Cash Flow	67.40M	90.97M	60.87M	70.59M	65.74M	53.11M
Operating Cash Flow	174.79M	170.53M	138.83M	141.92M	117.25M	71.43M
Investing Cash Flow	-102.70M	-77.29M	-76.02M	-72.58M	-50.76M	-18.06M
Financing Cash Flow	-71.72M	-84.55M	-42.77M	-44.80M	-43.79M	-33.54M

Tecnoglass Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 50.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGLS, the sentiment is Negative. The current price of 50.51 is below the 20-day moving average (MA) of 50.81, below the 50-day MA of 53.56, and below the 200-day MA of 69.10, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 44.17 is Neutral, neither overbought nor oversold. The STOCH value of 14.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGLS.

Tecnoglass Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EXP	77 Outperform	$6.98B	16.06	30.10%	0.46%	1.50%	-4.44%
TGLS	74 Outperform	$2.35B	13.14	26.21%	1.12%	15.70%	19.92%
CPAC	74 Outperform	$928.47M	14.95	16.04%	5.19%	9.24%	24.01%
TTAM	74 Outperform	$3.14B	17.34	―	0.94%	0.28%	-1.57%
SMID	67 Neutral	$187.04M	15.91	25.46%	―	16.37%	81.03%
LOMA	63 Neutral	$1.59B	40.05	5.06%	―	-33.99%	-61.41%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Tecnoglass Corporate Events

Tecnoglass Shareholders Reaffirm Board Leadership and Executive Pay

At its Annual General Meeting held on December 19, 2025, Tecnoglass shareholders approved the election of Class C directors Jose M. Daes and Jon Paul “JP” Pérez to new three-year terms, reaffirming the company’s existing board leadership structure. Investors also backed, on an advisory basis, the current compensation packages for the company’s named executive officers and voted to hold future advisory say-on-pay votes every three years, a cadence the board has agreed to adopt, with the next vote scheduled for the 2028 annual general meeting, signaling shareholder support for Tecnoglass’s executive pay framework and governance approach.