Professional
Added to YB: 2024-05-22
Pitch date: 2024-05-21
TRE.MC [bullish]
Técnicas Reunidas, S.A.
+163.21%
current return
Author Info
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Company Info
Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide.
Market Cap
EUR 2.3B
Pitch Price
EUR 10.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.95
P/E
17.85
EV/Sales
0.36
Sector
Energy Equipment and Services
Category
turnaround
Técnicas Reunidas: Margin Gains and Strong Pipeline
TRE.MC: Technicas Reunidas rallies 40% as cyclical recovery takes hold. 5 qtrs of margin gains, FY24 targets EUR4.5B rev, 4% EBIT. Strong backlog, growing FCF. Risks: EUR175M convert, cash rebuild needed. Still far below past peaks despite progress. Upcoming CMD to showcase recovery & pipeline.
Read full article (1 min)