Tubacex S.A./€TUB

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About Tubacex S.A.

Tubacex S.A. operates in the metallurgical industry, specializing in the production of seamless stainless steel and high-alloyed tubular products. The company's product offerings include a wide range of pipes and tubes that serve various sectors, including oil and gas, power generation, petrochemicals, and aerospace. Founded in 1963, Tubacex is headquartered in Llodio, Spain, with manufacturing facilities and sales offices spread across Europe, the Americas, Asia, and the Middle East, allowing it to serve a global customer base. Its strategic positioning is reinforced by its focus on high-value-added products and its ability to provide tailored solutions to industries with demanding specifications. The company invests significantly in research and development to maintain its technical expertise and adapt to industry trends.

Ticker

€TUB
Sector

Primary listing

BME

Industry

Metals & Mining
Headquarters

Employees

2,578

ISIN

ES0132945017

Tubacex S.A. Metrics

BasicAdvanced
€456M
15.81
€0.24
1.00
€0.16
4.39%

Bulls say / Bears say

Tubacex secured a record contract worth approximately €45 million in the umbilical tubes sector, ensuring two years of workload for its plants in Spain and Austria. This contract elevates the company's order backlog to over €1.6 billion, highlighting its leadership in advanced solutions for demanding applications. (cincodias.elpais.com)
The company distributed €25 million in dividends for 2024, a 72.4% increase from the previous year, reflecting strong financial health and commitment to shareholder returns. This payout includes €22.9 million from 2024 profits and €2.1 million from reserves, resulting in a payout ratio of 109%, surpassing the strategic plan's target of 30%-40%. (cincodias.elpais.com)
Analysts forecast Tubacex's earnings to grow at an annual rate of 31.6%, significantly outpacing the Spanish market's expected growth of 5.5%. This projection indicates strong future profitability and market performance. (simplywall.st)
In 2024, Tubacex reported a 37.1% decline in net income to €22.9 million and a 10% drop in sales to €767.5 million, attributed to lower nickel prices and increased inventory of seamless tubes. This financial downturn raises concerns about the company's short-term profitability. (cincodias.elpais.com)
Analysts have significantly revised down their profit estimates for Tubacex over the past year, indicating reduced expectations for the company's financial performance. This trend suggests potential challenges in meeting future earnings targets. (marketscreener.com)
The recent voluntary resignation of CEO Jesús Esmorís, who led Tubacex for 12 years, introduces uncertainty regarding the company's strategic direction and leadership stability. Such transitions can impact investor confidence and operational continuity. (cincodias.elpais.com)
Data summarised monthly by Lightyear AI. Last updated on 5 Jul 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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