Técnicas Reunidas S.A
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
Técnicas Reunidas S.A (TNISF) - Net Assets
Latest net assets as of September 2025: $522.70 Million USD
Based on the latest financial reports, Técnicas Reunidas S.A (TNISF) has net assets worth $522.70 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) and total liabilities ($5.23 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $522.70 Million |
| % of Total Assets | 9.08% |
| Annual Growth Rate | 5.42% |
| 5-Year Change | 40.92% |
| 10-Year Change | 0.53% |
| Growth Volatility | 68.71 |
Técnicas Reunidas S.A - Net Assets Trend (2005–2024)
This chart illustrates how Técnicas Reunidas S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Técnicas Reunidas S.A (2005–2024)
The table below shows the annual net assets of Técnicas Reunidas S.A from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $399.63 Million | +23.15% |
| 2023-12-31 | $324.52 Million | +290.92% |
| 2022-12-31 | $83.01 Million | -20.68% |
| 2021-12-31 | $104.66 Million | -63.10% |
| 2020-12-31 | $283.59 Million | -14.07% |
| 2019-12-31 | $330.03 Million | -7.96% |
| 2018-12-31 | $358.59 Million | -22.60% |
| 2017-12-31 | $463.30 Million | +4.86% |
| 2016-12-31 | $441.83 Million | +11.15% |
| 2015-12-31 | $397.52 Million | -12.79% |
| 2014-12-31 | $455.83 Million | +3.95% |
| 2013-12-31 | $438.52 Million | -1.17% |
| 2012-12-31 | $443.69 Million | +27.00% |
| 2011-12-31 | $349.37 Million | +2.38% |
| 2010-12-31 | $341.25 Million | +7.50% |
| 2009-12-31 | $317.44 Million | +40.70% |
| 2008-12-31 | $225.61 Million | -2.69% |
| 2007-12-31 | $231.86 Million | +42.97% |
| 2006-12-31 | $162.18 Million | +10.62% |
| 2005-12-31 | $146.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Técnicas Reunidas S.A'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 138.9% 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 | $-66.64 Million | -17.13% |
| Other Components | $84.19 Million | 21.63% |
| Total Equity | $389.13 Million | 100.00% |
Técnicas Reunidas S.A Competitors by Market Cap
The table below lists competitors of Técnicas Reunidas S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baosheng
SHG:600973
|
$733.82 Million |
|
CGN Mining Company Limited
PINK:CGNMF
|
$733.90 Million |
|
BioArctic AB Series B
LSE:0RV2
|
$734.10 Million |
|
Adaro Minerals Indonesia Tbk PT
JK:ADMR
|
$734.43 Million |
|
Amore Group
KO:002790
|
$733.67 Million |
|
Shaanxi Fenghuo Electronics Co Ltd
SHE:000561
|
$733.63 Million |
|
Viaplay Group AB Series A
ST:VPLAY-A
|
$733.62 Million |
|
USINAS SID.MIN.GER. PFD A
F:U1S1
|
$733.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Técnicas Reunidas S.A'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 15,813,999.
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 | $-15.81 Million | -4.06% |
| Other Changes | $1.04 Million | +0.27% |
| Total Change | $- | 24.06% |
Book Value vs Market Value Analysis
This analysis compares Técnicas Reunidas S.A'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: 3.57x
- 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 7.29x to 3.57x 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 | $17.76 | x |
| 2006-12-31 | $2.62 | $17.76 | x |
| 2007-12-31 | $3.63 | $17.76 | x |
| 2008-12-31 | $3.63 | $17.76 | x |
| 2009-12-31 | $5.25 | $17.76 | x |
| 2010-12-31 | $5.63 | $17.76 | x |
| 2011-12-31 | $5.81 | $17.76 | x |
| 2012-12-31 | $7.37 | $17.76 | x |
| 2013-12-31 | $7.41 | $17.76 | x |
| 2014-12-31 | $7.72 | $17.76 | x |
| 2015-12-31 | $6.72 | $17.76 | x |
| 2016-12-31 | $7.46 | $17.76 | x |
| 2017-12-31 | $7.59 | $17.76 | x |
| 2018-12-31 | $5.89 | $17.76 | x |
| 2019-12-31 | $5.41 | $17.76 | x |
| 2020-12-31 | $4.65 | $17.76 | x |
| 2021-12-31 | $1.62 | $17.76 | x |
| 2022-12-31 | $1.21 | $17.76 | x |
| 2023-12-31 | $4.50 | $17.76 | x |
| 2024-12-31 | $4.98 | $17.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Técnicas Reunidas S.A 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 (11.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 Técnicas Reunidas S.A's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,646,543,800
- Average return on equity (ROE) among peers: 16.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Técnicas Reunidas S.A (TNISF) | $522.70 Million | 28.49% | 10.01x | $733.74 Million |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.30 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |