Tecnoglass (TGLS)
NYSE:TGLS
Want to see TGLS full AI Analyst Report?
Top Page
Tecnoglass
(NYSE:TGLS)
Select Model
Select Model
Rating:70Outperform
Price Target:
$47.00
▲(6.53% Upside)
Action:Upgraded
Date:06/01/26
The score is driven primarily by strong profitability and a conservative balance sheet, but is held back by weak free-cash-flow conversion and near-term margin/cash pressures highlighted on the earnings call (tariffs, aluminum inflation, FX, and working-capital/capex needs). Valuation is supportive, while technicals remain mixed with the stock still below longer-term moving averages.
Positive Factors
Strong Profitability
High trailing twelve‑month gross and net margins indicate durable unit economics and pricing power in processed glass and engineered systems. Sustained margin levels support internal reinvestment, resilience to cyclical construction demand, and the ability to fund automation and efficiency initiatives over the medium term.
Negative Factors
Weak FCF Conversion
Very low trailing free cash flow and deteriorating operating cash flow mean reported profits are not generating equivalent cash. That reduces financial flexibility for dividends, buybacks or opportunistic M&A and increases reliance on revolver availability while capex and working‑capital needs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High trailing twelve‑month gross and net margins indicate durable unit economics and pricing power in processed glass and engineered systems. Sustained margin levels support internal reinvestment, resilience to cyclical construction demand, and the ability to fund automation and efficiency initiatives over the medium term.
Read all positive factors
Tecnoglass (TGLS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.94B
Dividend Yield1.12%
Average Volume (3M)336.89K
Price to Earnings (P/E)12.7
Beta (1Y)1.30
Revenue Growth9.84%
EPS Growth-12.68%
CountryUS
Employees9,837
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)3.23
Shares Outstanding44,364,815
10 Day Avg. Volume310,704
30 Day Avg. Volume336,890
Financial Highlights & Ratios
PEG Ratio-50.49
Price to Book (P/B)3.29
Price to Sales (P/S)2.39
P/FCF Ratio68.10
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue2.00
Enterprise Value/Gross Profit4.81
Enterprise Value/Ebitda7.72
Forecast
1Y Price Target
$60.00Price Target Upside35.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.76
Revenue Forecast (FY)$1.10B
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 lo...
How the Company Makes Money
Tecnoglass makes money primarily by manufacturing and selling architectural glass and aluminum fenestration systems for building projects. Its main revenue stream is product sales to customers involved in construction and building renovation, incl...
Tecnoglass Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: strong operational momentum with record backlog, record quarter revenue, commercial growth, geographic and product expansion, solid liquidity and continued shareholder returns, juxtaposed with meaningful near-term margin and cash pressures driven by a ~48% rise in aluminum costs, a ~12% peso appreciation, a newly enacted 10% import tariff, and related one-time and recurring cost increases. Management has enacted pricing, purchased inventory, added hedges, and outlined automation and efficiency initiatives to offset these headwinds, and reaffirmed full-year guidance while expecting tariff impacts to be fully neutralized by 2027. Given substantial top-line strength and clear mitigation plans but material near-term profitability and cash-flow headwinds, the call’s tone is balanced between positive growth/strategic actions and notable margin/cost challenges.Positive Updates
Record Backlog and Book-to-Bill Strength
Backlog grew 19.1% year-over-year to a record $1.36 billion; book-to-bill ratio of 1.3x and 21 consecutive quarters above 1.1x, indicating strong forward visibility and consistent order intake.
Negative Updates
Margin Compression and EBITDA Decline
Adjusted EBITDA fell to $61.5 million (24.7% margin) from $70.2 million (31.6%) a year earlier; gross margin declined to 38.5% from 43.9% year-over-year, reflecting meaningful margin pressure.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Backlog and Book-to-Bill Strength
Backlog grew 19.1% year-over-year to a record $1.36 billion; book-to-bill ratio of 1.3x and 21 consecutive quarters above 1.1x, indicating strong forward visibility and consistent order intake.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance of $1.06–$1.13 billion in revenue and $225–$245 million in adjusted EBITDA (unchanged from April and inclusive of the newly enacted 10% U.S. tariff), supported by a record $1.36 billion backlog (up 19.1% YoY), Q1 revenue of $249.0 million (+12% YoY) and Q1 adjusted EBITDA of $61.5 million (24.7% margin). They expect the May price increase to begin contributing by early July and to fully neutralize the tariff impact in 2027 as pricing, automation and efficiency savings take hold; near‑term headwinds include aluminum costs (LME + U.S. premium up ~48% YoY) and a ~12% Colombian peso appreciation (management estimates ~110 bps gross margin impact per 5% peso move). Capital plans call for $60–$70 million of 2026 capex (including ~1% of revenues for maintenance) plus $20–$25 million to purchase land for a potential U.S. facility; Q1 capex was $17.3 million and operating cash flow was $6.7 million after securing approximately $34 million of U.S. aluminum. Balance sheet and returns highlights: total liquidity ~ $425 million (including >$330 million revolver availability), net debt/LTM adjusted EBITDA ~0.4x, no material maturities until 2030, and Q1 shareholder returns of ~$16.5 million in buybacks (under a $250 million program with ~$92.5 million remaining) plus $6.7 million in dividends.Tecnoglass Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01B | 983.61M | 890.18M | 833.26M | 716.57M | 496.79M |
| Gross Profit | 419.72M | 421.41M | 379.97M | 390.93M | 349.50M | 202.58M |
| EBITDA | 261.84M | 272.06M | 259.06M | 292.47M | 259.01M | 127.69M |
| Net Income | 149.27M | 159.57M | 161.31M | 182.88M | 155.74M | 68.15M |
Balance Sheet | ||||||
| Total Assets | 1.36B | 1.26B | 1.02B | 962.72M | 734.31M | 591.56M |
| Cash, Cash Equivalents and Short-Term Investments | 94.36M | 104.05M | 137.53M | 132.41M | 105.72M | 86.99M |
| Total Debt | 200.26M | 171.63M | 109.31M | 170.01M | 169.48M | 199.06M |
| Total Liabilities | 625.22M | 547.34M | 385.46M | 414.70M | 383.98M | 346.87M |
| Stockholders Equity | 735.23M | 713.05M | 631.18M | 548.02M | 348.82M | 243.86M |
Cash Flow | ||||||
| Free Cash Flow | 16.38M | 34.49M | 90.97M | 60.87M | 70.59M | 65.74M |
| Operating Cash Flow | 104.49M | 135.75M | 170.53M | 138.83M | 141.92M | 117.25M |
| Investing Cash Flow | -96.14M | -87.55M | -77.29M | -76.02M | -72.58M | -50.76M |
| Financing Cash Flow | -77.24M | -85.53M | -84.55M | -42.77M | -44.80M | -43.79M |
Tecnoglass Technical Analysis
Negative
44.12
Price Trends
42.70
Negative
45.62
Negative
52.30
Negative
Market Momentum
0.17
Negative
50.56
Neutral
71.27
Neutral
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 44.12 is above the 20-day moving average (MA) of 41.25, above the 50-day MA of 42.70, and below the 200-day MA of 52.30, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 71.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TGLS.
Tecnoglass Risk Analysis
Tecnoglass disclosed 56 risk factors in its most recent earnings report. Tecnoglass reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tecnoglass Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.91B | 15.83 | 18.35% | 0.94% | 2.67% | 4.16% | |
70 Outperform | $1.94B | 12.66 | 20.25% | 1.12% | 9.84% | -12.68% | |
67 Neutral | $949.97M | 16.90 | 14.22% | 5.46% | 16.65% | -3.36% | |
65 Neutral | $6.76B | 16.14 | 28.27% | 0.47% | 2.13% | -4.85% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | $165.62M | 12.70 | 24.92% | ― | 19.03% | 63.09% | |
52 Neutral | $1.42B | 51.38 | 3.73% | ― | -5.63% | -86.58% |
* Basic Materials Sector Average
TGLS
Tecnoglass
42.35
-44.60
-51.29%
CPAC
Cementos Pacasmayo SAA
10.61
5.09
92.12%
EXP
Eagle Materials
218.49
18.31
9.15%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
11.30
-0.88
-7.22%
SMID
Smith-Midland
29.95
0.27
0.91%
TTAM
Titan America SA
15.89
1.83
12.98%
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.