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Técnicas Reunidas

DB:T5R
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T5R
DB
€663M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Técnicas Reunidas, S.A., an engineering and construction company, engages in the design and management of industrial plant projects worldwide. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
  • Técnicas Reunidas has significant price volatility in the past 3 months.
T5R Share Price and Events
7 Day Returns
8%
DB:T5R
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-53.7%
DB:T5R
-57.2%
Europe Energy Services
-20.9%
DE Market
T5R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Técnicas Reunidas (T5R) 8% -34.6% -48.4% -53.7% -67% -69.7%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • T5R outperformed the Energy Services industry which returned -57.2% over the past year.
  • T5R underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
T5R
Industry
5yr Volatility vs Market

Value

 Is Técnicas Reunidas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Técnicas Reunidas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Técnicas Reunidas.

DB:T5R Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:T5R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 25%) (94.47%))
1.373
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.373 * 7.46%)
9.86%

Discounted Cash Flow Calculation for DB:T5R using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Técnicas Reunidas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:T5R DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.86%)
2020 107.10 Analyst x8 97.49
2021 138.19 Analyst x8 114.50
2022 130.25 Analyst x4 98.24
2023 158.25 Analyst x2 108.66
2024 169.30 Analyst x2 105.81
2025 176.44 Est @ 4.22% 100.38
2026 181.45 Est @ 2.84% 93.97
2027 184.84 Est @ 1.87% 87.14
2028 187.04 Est @ 1.19% 80.26
2029 188.38 Est @ 0.72% 73.59
Present value of next 10 years cash flows €960.00
DB:T5R DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €188.38 × (1 + -0.39%) ÷ (9.86% – -0.39%)
€1,831.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,831.43 ÷ (1 + 9.86%)10
€715.42
DB:T5R Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €960.00 + €715.42
€1,675.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,675.42 / 53.70
€31.2
DB:T5R Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T5R represents 0.98784x of BME:TRE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98784x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 31.20 x 0.98784
€30.82
Value per share (EUR) From above. €30.82
Current discount Discount to share price of €12.19
= -1 x (€12.19 - €30.82) / €30.82
60.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Técnicas Reunidas is available for.
Intrinsic value
>50%
Share price is €12.19 vs Future cash flow value of €30.82
Current Discount Checks
For Técnicas Reunidas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Técnicas Reunidas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Técnicas Reunidas's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Técnicas Reunidas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Técnicas Reunidas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T5R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.17
BME:TRE Share Price ** BME (2020-04-06) in EUR €12.34
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Técnicas Reunidas.

DB:T5R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:TRE Share Price ÷ EPS (both in EUR)

= 12.34 ÷ -0.17

-71.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Técnicas Reunidas is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Técnicas Reunidas is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Técnicas Reunidas's expected growth come at a high price?
Raw Data
DB:T5R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -71.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
56%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Técnicas Reunidas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Técnicas Reunidas's assets?
Raw Data
DB:T5R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.91
BME:TRE Share Price * BME (2020-04-06) in EUR €12.34
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:T5R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:TRE Share Price ÷ Book Value per Share (both in EUR)

= 12.34 ÷ 5.91

2.09x

* Primary Listing of Técnicas Reunidas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Técnicas Reunidas is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Técnicas Reunidas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Técnicas Reunidas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Técnicas Reunidas expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Técnicas Reunidas expected to grow at an attractive rate?
  • Técnicas Reunidas's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Técnicas Reunidas's earnings growth is expected to exceed the Germany market average.
  • Técnicas Reunidas's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T5R Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T5R Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 56%
DB:T5R Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.4%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:T5R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T5R Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 4,901 264 119 4
2021-12-31 5,194 181 120 7
2020-12-31 5,165 166 102 8
2020-04-07
DB:T5R Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 4,699 151 -9
2019-09-30 4,569 32
2019-06-30 4,354 100 20
2019-03-31 4,150 16
2018-12-31 4,396 108 12
2018-09-30 4,441 9
2018-06-30 4,699 71 -12
2018-03-31 4,841 3
2017-12-31 5,068 -169 40
2017-09-30 5,237 94
2017-06-30 5,117 -194 131
2017-03-31 5,129 146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Técnicas Reunidas's earnings are expected to grow significantly at over 20% yearly.
  • Técnicas Reunidas's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:T5R Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Técnicas Reunidas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T5R Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.14 2.78 1.79 4.00
2021-12-31 2.31 2.87 1.72 7.00
2020-12-31 1.94 2.11 1.67 8.00
2020-04-07
DB:T5R Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.17
2019-09-30
2019-06-30 0.37
2019-03-31
2018-12-31 0.22
2018-09-30
2018-06-30 -0.23
2018-03-31
2017-12-31 0.74
2017-09-30
2017-06-30 2.44
2017-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Técnicas Reunidas is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Técnicas Reunidas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Técnicas Reunidas has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Técnicas Reunidas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Técnicas Reunidas's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Técnicas Reunidas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Técnicas Reunidas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Técnicas Reunidas's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Técnicas Reunidas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Técnicas Reunidas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T5R Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,699.11 -9.23 652.41
2019-09-30 4,568.63 31.67 667.25
2019-06-30 4,353.51 19.84 658.98
2019-03-31 4,149.83 15.57 657.15
2018-12-31 4,396.33 11.97 648.55
2018-09-30 4,440.94 9.18 657.88
2018-06-30 4,699.45 -12.25 620.52
2018-03-31 4,841.24 3.13 655.98
2017-12-31 5,067.94 39.53 655.48
2017-09-30 5,237.31 94.27 638.80
2017-06-30 5,116.64 131.43 649.54
2017-03-31 5,129.01 146.47 644.90
2016-12-31 4,792.61 139.87 636.90
2016-09-30 4,619.79 45.46 626.93
2016-06-30 4,608.21 50.55 620.05
2016-03-31 4,333.29 51.56 607.93
2015-12-31 4,187.89 59.36 597.23
2015-09-30 3,857.38 151.39 583.63
2015-06-30 3,554.14 143.06 574.73
2015-03-31 3,326.78 141.29 556.63
2014-12-31 3,149.18 135.59 541.63
2014-09-30 3,038.73 125.45 525.43
2014-06-30 2,930.32 127.80 512.10
2014-03-31 2,883.73 125.15 497.43
2013-12-31 2,846.23 127.65 483.33
2013-09-30 2,814.29 133.72 466.43
2013-06-30 2,773.28 137.15 451.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Técnicas Reunidas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Técnicas Reunidas used its assets less efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • It is difficult to establish if Técnicas Reunidas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Técnicas Reunidas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Técnicas Reunidas has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Técnicas Reunidas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Técnicas Reunidas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Técnicas Reunidas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Técnicas Reunidas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Técnicas Reunidas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Técnicas Reunidas Company Filings, last reported 3 months ago.

DB:T5R Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 330.03 582.26 952.93
2019-09-30 360.40 584.10 799.20
2019-06-30 360.71 503.09 753.23
2019-03-31 352.00 529.00 748.20
2018-12-31 358.59 487.89 746.52
2018-09-30 380.40 532.80 741.60
2018-06-30 382.06 515.67 742.63
2018-03-31 413.30 478.60 697.60
2017-12-31 463.30 384.43 638.39
2017-09-30 491.10 417.50 635.20
2017-06-30 517.99 384.26 632.59
2017-03-31 459.60 323.70 736.30
2016-12-31 441.83 240.14 752.93
2016-09-30 487.10 137.70 626.20
2016-06-30 437.25 182.62 703.80
2016-03-31 428.70 147.30 688.20
2015-12-31 397.52 239.46 774.14
2015-09-30 467.00 175.70 523.40
2015-06-30 441.97 102.97 539.30
2015-03-31 394.80 30.80 600.70
2014-12-31 455.83 27.42 700.22
2014-09-30 466.90 28.60 689.40
2014-06-30 467.98 28.49 701.11
2014-03-31 434.80 27.90 560.10
2013-12-31 438.52 30.04 658.69
2013-09-30 478.60 31.70 593.30
2013-06-30 427.61 31.92 681.40
  • Técnicas Reunidas's level of debt (176.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6% vs 176.4% today).
  • Debt is well covered by operating cash flow (26%, greater than 20% of total debt).
  • Técnicas Reunidas is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Técnicas Reunidas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Técnicas Reunidas has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Técnicas Reunidas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Técnicas Reunidas dividends. Estimated to be 9.56% next year.
If you bought €2,000 of Técnicas Reunidas shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Técnicas Reunidas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Técnicas Reunidas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:T5R Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:T5R Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.23 5.00
2021-12-31 1.30 10.00
2020-12-31 1.00 8.00
2020-04-07
DB:T5R Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-11-13 0.000 0.000
2019-07-31 0.000 0.000
2019-05-16 0.000 0.000
2019-02-28 0.000 0.000
2018-02-27 0.930 3.729
2017-02-28 1.390 4.653
2016-07-29 1.396 4.025
2016-03-01 1.396 5.162
2015-05-13 1.396 3.696
2015-02-27 1.396 3.484
2015-02-26 1.396 3.751
2014-12-18 1.396 3.876
2014-05-14 1.396 3.387
2014-02-28 1.396 3.395
2013-03-04 1.396 3.771
2012-05-11 1.355 3.873
2011-11-15 1.340 4.663
2011-02-28 1.340 4.239
2010-12-21 1.340 2.983
2010-03-01 1.340 3.197
2010-02-26 1.340 3.225

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Técnicas Reunidas has not reported any payouts.
  • Unable to verify if Técnicas Reunidas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Técnicas Reunidas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Técnicas Reunidas has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Técnicas Reunidas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Técnicas Reunidas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Técnicas Reunidas has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Técnicas Reunidas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arthur Crossley Sanz
CEO Bio

Mr. Arthur W. Crossley Sanz is Chief Executive Officer of Upstream and Gas at Tecnicas Reunidas, S.A. Mr. Sanz was an Assistant General Director of Upstream & Gas at Tecnicas Reunidas, S.A.

CEO Compensation
  • Insufficient data for Arthur to compare compensation growth.
  • Insufficient data for Arthur to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Eduardo San Miguel Gonzalez De Heredia

TITLE
Chief Financial Officer

Felipe Revenga Lopez

TITLE
General Director of Operations

Marta de Salazar

TITLE
Investor Relation Director

Emilio Gomez Acevedo

TITLE
Director of Legal Counsel

Enrique Ruben Alsina Massana

TITLE
General Director of Corporate Development

Francisco Martinez-Bordiu De Cubas

TITLE
Human Resources Director

Arthur Crossley Sanz

TITLE
Chief Executive Officer of Upstream & Gas

Laura Bravo Ramasco

TITLE
Secretary of the Board

Miguel Paradinas Marquez

TITLE
Assistant Managing Director
Board of Directors Tenure

Average tenure and age of the Técnicas Reunidas board of directors in years:

13.9
Average Tenure
74
Average Age
  • The average tenure for the Técnicas Reunidas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jose Fernandez-Urrutia

TITLE
Chairman of the Board
COMPENSATION
€668K

Juan Llado Arburua

TITLE
First Vice Chairman of the Board
COMPENSATION
€1M

Fernando de Asua Alvarez

TITLE
Third Vice Chairman of the Board
COMPENSATION
€133K
AGE
87

Juan Miguel Antonanzas Perez-Egea

TITLE
Second Vice Chairman of the Board
COMPENSATION
€98K

Petra Mateos-Aparicio Morales

TITLE
Director
AGE
73
TENURE
3.8 yrs

Alfredo Bonet Baiget

TITLE
Director
AGE
61

Francisco Javier Gomez-Navarro Navarrete

TITLE
Director
COMPENSATION
€93K
AGE
74
TENURE
13.9 yrs

Alvaro Garcia-Agullo Llado

TITLE
Director
COMPENSATION
€98K
TENURE
13.9 yrs

Pedro Luis Uriarte Santamarina

TITLE
Director
COMPENSATION
€113K
TENURE
8.8 yrs

Jose Manuel Llado Arburua

TITLE
Director
COMPENSATION
€93K
AGE
83
TENURE
13.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Técnicas Reunidas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Técnicas Reunidas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

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 Infrastructure and Industry segments. The company designs and constructs basic refining units, conversions, octane enhancement units, and other refining and treatment units in the refining sector; processing and chemical units and plants in the petrochemicals sectors; oil and gas fields development, and oil and gas treatment plants; and pipeline transport, storage parks, and compression stations, as well as natural gas liquefaction, regasification, and storage plants. It also develops power generation projects, including combined cycle, open cycle, reciprocating engine based energy, coal and other solid fuel, cogeneration, and biomass and waste to energy recovery plants; and water treatment plants, such as drinking water units, and urban and industrial waste water and desalination plants. In addition, the company offers consulting, engineering, procurement, and construction services for a range of electricity generating plants comprising conventional thermal plants, combined cycle power plants, gasification integrated with combined cycle, nuclear plants, co-generators, solar plants, fuel cells, solid waste, and biomass technology. Further, it supplies turnkey plants; performs plant operation and maintenance services; and undertakes projects in various arenas that include airports, industrial facilities, and desalination and water treatment plants, as well as initiatives for public authorities and other bodies, such as management of car parks, public spaces, and municipal sports centers. The company was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. Técnicas Reunidas, S.A. was founded in 1960 and is headquartered in Madrid, Spain.

Details
Name: Técnicas Reunidas, S.A.
T5R
Exchange: DB
Founded: 1960
€662,689,787
53,702,576
Website: http://www.tecnicasreunidas.es
Address: Técnicas Reunidas, S.A.
Calle Arapiles 13-14,
Madrid,
Madrid, 28015,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME TRE Ordinary Shares Bolsas y Mercados Espanoles ES EUR 21. Jun 2006
OTCPK TNIS.F Ordinary Shares Pink Sheets LLC US USD 21. Jun 2006
DB T5R Ordinary Shares Deutsche Boerse AG DE EUR 21. Jun 2006
LSE 0MKT Ordinary Shares London Stock Exchange GB EUR 21. Jun 2006
WBAG TRE Ordinary Shares Wiener Boerse AG AT EUR 21. Jun 2006
BMV TRE N Ordinary Shares Bolsa Mexicana de Valores MX MXN 21. Jun 2006
BATS-CHIXE TREE Ordinary Shares BATS 'Chi-X Europe' GB EUR 21. Jun 2006
OTCPK TNIS.Y ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
9,386
Técnicas Reunidas employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:42
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.