Added to YB: 2026-01-19
Pitch date: 2026-01-15
TUB.MC [neutral]
Tubacex, S.A.
-1.32%
current return
Author Info
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Company Info
Tubacex, S.A., together with its subsidiaries, engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.
Market Cap
EUR 426.8M
Pitch Price
EUR 3.41
Price Target
N/A
Dividend
5.86%
EV/EBITDA
7.80
P/E
13.22
EV/Sales
1.25
Sector
Metals and Mining
Category
N/A
Tubacex (TUB Spain): clearing the decks as strategy and credibility are put back under scrutiny
TUB.MC (update): €50M impairments (€31M inventory, €19M US plant) wipe out 2025 profit; nuclear segment order conversion slower than expected; management resetting strategy at 2026 CMD emphasizing cash generation; €1.3B backlog provides visibility to 2027; specialist in seamless steel tubes w/ high barriers but execution risks evident.
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