Tecnicas Reunidas (TRE) - Net Assets
Based on the latest financial reports, Tecnicas Reunidas (TRE) has net assets worth €522.60 Million EUR (≈ $610.97 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.75 Billion ≈ $6.73 Billion USD) and total liabilities (€5.23 Billion ≈ $6.12 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TRE total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €522.60 Million |
| % of Total Assets | 9.08% |
| Annual Growth Rate | 5.93% |
| 5-Year Change | 40.92% |
| 10-Year Change | 0.53% |
| Growth Volatility | 63.95 |
Tecnicas Reunidas - Net Assets Trend (2002–2024)
This chart illustrates how Tecnicas Reunidas's net assets have evolved over time, based on quarterly financial data. Check Tecnicas Reunidas tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tecnicas Reunidas (2002–2024)
The table below shows the annual net assets of Tecnicas Reunidas from 2002 to 2024. For live valuation and market cap data, see Tecnicas Reunidas (TRE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €399.63 Million ≈ $467.22 Million |
+23.15% |
| 2023-12-31 | €324.52 Million ≈ $379.39 Million |
+290.92% |
| 2022-12-31 | €83.01 Million ≈ $97.05 Million |
-20.68% |
| 2021-12-31 | €104.66 Million ≈ $122.36 Million |
-63.10% |
| 2020-12-31 | €283.59 Million ≈ $331.55 Million |
-14.07% |
| 2019-12-31 | €330.03 Million ≈ $385.84 Million |
-7.96% |
| 2018-12-31 | €358.59 Million ≈ $419.23 Million |
-22.60% |
| 2017-12-31 | €463.30 Million ≈ $541.65 Million |
+4.86% |
| 2016-12-31 | €441.83 Million ≈ $516.54 Million |
+11.15% |
| 2015-12-31 | €397.52 Million ≈ $464.74 Million |
-12.79% |
| 2014-12-31 | €455.83 Million ≈ $532.92 Million |
+3.95% |
| 2013-12-31 | €438.52 Million ≈ $512.68 Million |
-1.17% |
| 2012-12-31 | €443.69 Million ≈ $518.72 Million |
+27.00% |
| 2011-12-31 | €349.37 Million ≈ $408.45 Million |
+2.38% |
| 2010-12-31 | €341.25 Million ≈ $398.95 Million |
+7.50% |
| 2009-12-31 | €317.44 Million ≈ $371.12 Million |
+40.70% |
| 2008-12-31 | €225.61 Million ≈ $263.76 Million |
-2.69% |
| 2007-12-31 | €231.86 Million ≈ $271.07 Million |
+42.97% |
| 2006-12-31 | €162.18 Million ≈ $189.60 Million |
+10.62% |
| 2005-12-31 | €146.61 Million ≈ $171.40 Million |
+1.78% |
| 2004-12-31 | €144.05 Million ≈ $168.41 Million |
+17.99% |
| 2003-12-31 | €122.09 Million ≈ $142.73 Million |
+8.43% |
| 2002-12-31 | €112.59 Million ≈ $131.63 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tecnicas Reunidas's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2060.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €363.55 Million | 93.43% |
| Common Stock | €8.03 Million | 2.06% |
| Other Comprehensive Income | €-65.04 Million | -16.71% |
| Other Components | €82.58 Million | 21.22% |
| Total Equity | €389.13 Million | 100.00% |
Tecnicas Reunidas Competitors by Market Cap
The table below lists competitors of Tecnicas Reunidas ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dunelm Group plc
F:DFQ
|
$2.43 Billion |
|
Zhuhai CosMX Battery Co Ltd
SHG:688772
|
$2.43 Billion |
|
Haemonetics Corporation
NYSE:HAE
|
$2.43 Billion |
|
Hub Group Inc
NASDAQ:HUBG
|
$2.43 Billion |
|
SASA Polyester Sanayi AS
IS:SASA
|
$2.42 Billion |
|
Liberty Live Holdings, Inc. Series A Liberty Live Group Common Stock
NASDAQ:LLYVA
|
$2.42 Billion |
|
Azelis Group NV
BR:AZE
|
$2.42 Billion |
|
XiAn Shaangu Power Co Ltd
SHG:601369
|
$2.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tecnicas Reunidas's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 313,664,000 to 389,127,000, a change of 75,463,000 (24.1%).
- Net income of 89,942,000 contributed positively to equity growth.
- New share issuances of 292,000 increased equity.
- Other comprehensive income decreased equity by 14,207,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €89.94 Million | +23.11% |
| Share Issuances | €292.00K | +0.08% |
| Other Comprehensive Income | €-14.21 Million | -3.65% |
| Other Changes | €-563.00K | -0.14% |
| Total Change | €- | 24.06% |
Book Value vs Market Value Analysis
This analysis compares Tecnicas Reunidas's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.60x to 5.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €2.44 | €28.28 | x |
| 2006-12-31 | €2.62 | €28.28 | x |
| 2007-12-31 | €3.63 | €28.28 | x |
| 2008-12-31 | €3.63 | €28.28 | x |
| 2009-12-31 | €5.25 | €28.28 | x |
| 2010-12-31 | €5.63 | €28.28 | x |
| 2011-12-31 | €5.81 | €28.28 | x |
| 2012-12-31 | €7.37 | €28.28 | x |
| 2013-12-31 | €7.41 | €28.28 | x |
| 2014-12-31 | €7.72 | €28.28 | x |
| 2015-12-31 | €6.72 | €28.28 | x |
| 2016-12-31 | €7.46 | €28.28 | x |
| 2017-12-31 | €7.59 | €28.28 | x |
| 2018-12-31 | €5.89 | €28.28 | x |
| 2019-12-31 | €5.41 | €28.28 | x |
| 2020-12-31 | €4.65 | €28.28 | x |
| 2021-12-31 | €1.62 | €28.28 | x |
| 2022-12-31 | €1.21 | €28.28 | x |
| 2023-12-31 | €4.50 | €28.28 | x |
| 2024-12-31 | €4.98 | €28.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tecnicas Reunidas utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.02%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 11.90x
- Recent ROE (23.11%) is above the historical average (13.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 27.74% | 6.44% | 1.02x | 4.24x | €19.84 Million |
| 2003 | 30.02% | 6.98% | 0.97x | 4.42x | €24.28 Million |
| 2004 | 21.02% | 5.07% | 1.04x | 3.97x | €15.77 Million |
| 2005 | 28.49% | 6.01% | 0.80x | 5.93x | €26.72 Million |
| 2006 | 44.64% | 5.77% | 1.05x | 7.40x | €55.28 Million |
| 2007 | 48.70% | 5.38% | 1.32x | 6.85x | €85.72 Million |
| 2008 | 62.91% | 5.53% | 1.12x | 10.13x | €115.31 Million |
| 2009 | 46.89% | 5.53% | 1.17x | 7.22x | €114.70 Million |
| 2010 | 29.35% | 3.53% | 1.00x | 8.33x | €64.56 Million |
| 2011 | 38.03% | 4.96% | 0.97x | 7.95x | €95.48 Million |
| 2012 | 30.88% | 5.03% | 1.00x | 6.12x | €90.21 Million |
| 2013 | 29.38% | 4.49% | 1.20x | 5.44x | €84.20 Million |
| 2014 | 29.94% | 4.31% | 1.29x | 5.38x | €90.30 Million |
| 2015 | 15.08% | 1.42% | 1.16x | 9.18x | €19.99 Million |
| 2016 | 29.44% | 2.69% | 1.33x | 8.22x | €85.08 Million |
| 2017 | 8.88% | 0.78% | 1.30x | 8.73x | €-4.98 Million |
| 2018 | 3.47% | 0.27% | 1.18x | 10.80x | €-22.53 Million |
| 2019 | -3.15% | -0.21% | 1.10x | 13.49x | €-41.72 Million |
| 2020 | 4.05% | 0.31% | 0.89x | 14.44x | €-16.22 Million |
| 2021 | -200.26% | -6.78% | 0.72x | 40.84x | €-199.95 Million |
| 2022 | -52.47% | -0.88% | 0.88x | 68.05x | €-44.21 Million |
| 2023 | 19.43% | 1.47% | 0.92x | 14.35x | €29.59 Million |
| 2024 | 23.11% | 2.02% | 0.96x | 11.90x | €51.03 Million |
Industry Comparison
This section compares Tecnicas Reunidas's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,605,402,668
- Average return on equity (ROE) among peers: -65.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tecnicas Reunidas (TRE) | €522.60 Million | 27.74% | 10.01x | $2.42 Billion |
| ACS Actividades de Construccion y Servicios SA (ACS) | $4.90 Billion | 14.64% | 7.03x | $26.81 Billion |
| Acciona (ANA) | $3.64 Billion | 9.66% | 3.77x | $13.96 Billion |
| CLERHP Estructuras S.A (CLR) | $-1.78 Million | 0.00% | 0.00x | $100.82 Million |
| Elecnor S.A (ENO) | $532.49 Million | 10.01% | 5.38x | $3.31 Billion |
| Enerside Energy S.A. (ENRS) | $6.44 Million | -601.62% | 10.66x | $17.72 Million |
| Grupo Ezentis S.A (EZE) | $14.01 Million | -77.73% | 13.56x | $53.57 Million |
| Ferrovial S.A. (FER) | $6.85 Billion | 10.71% | 6.53x | $41.45 Billion |
| Grenergy Renovables S.A (GRE) | $16.04 Million | 21.90% | 2.58x | $2.93 Billion |
| Grupo Empresarial San Jose SA (GSJ) | $247.04 Million | -39.30% | 10.30x | $552.72 Million |
| Duro Felguera (MDF) | $-146.80 Million | 0.00% | 0.00x | $106.55 Million |
About Tecnicas Reunidas
Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels; and d… Read more