Técnicas Reunidas, S.A. Financial Ratios — TNISY Stock

Profitability (EUR)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	29.38	26.8	23.48	22.92	9.8	21.2	6.69	2.37	-2.07	2.5	-54.48	-15.77	24.44	27.52	34.9
Return on Assets (%)	4.72	4.98	5.1	5.65	1.96	3.57	1.06	0.31	-0.23	0.27	-4.87	-0.85	1.31	1.97	2.98
Return on Capital (%)	25.59	24.79	22.41	22.37	8.29	15.62	2.89	1.63	-1.03	1.68	- -	- -	6.9	9.3	13.57
Return on Invested Capital (%)	31.85	31.38	28.05	29.65	13.87	22.7	10.36	6.08	-2.12	5.2	- -	- -	8.2	9.17	14.15
Gross Margin (%)	31.71	33.22	31.53	34.43	27.71	28.65	19.75	21.53	21.32	26.99	24.2	20.62	26.48	27.47	22.69
EBITDA Margin (%)	6.02	6.22	5.78	5.95	2.79	4.73	2.39	1.86	2.38	2.38	-5.82	0.17	3.94	4.18	4.58
Operating Margin (%)	6.02	6.22	5.78	5.95	2.79	4.73	2.39	1.86	2.38	2.38	-5.82	0.17	3.94	4.18	4.58
Incremental Operating Margin (%)	-1.05	19.81	-0.37	7.62	-6.81	18.15	-38.2	5.91	10.02	2.38	- -	11.94	-158.74	7.25	5.48
Pretax Margin (%)	5.94	5.95	5.29	5.26	1.97	4.04	1.67	0.51	1.19	0.56	-6.41	-0.44	2.5	3.28	3.69
Profit Margin (%)	4.96	5.03	4.49	4.31	1.42	2.69	0.78	0.27	-0.2	0.31	-6.79	-0.88	1.47	2.02	2.42
Net Income to Common Margin (%)	4.96	5.03	4.49	4.31	1.42	2.69	0.78	0.27	-0.2	0.31	-6.79	-0.88	1.47	2.02	2.42
Effective Tax Rate (%)	12.81	13.62	14.62	18.86	26.9	27.51	30.18	35.19	117.91	34.71	- -	- -	42.2	38.73	34.36
Dvd Payout Ratio (%)	51.58	52.52	58.01	56.25	122.89	53.38	95.66	338.09	-0.89	0.63	- -	- -	- -	29.7	19.57
Sustainable Growth Rate (%)	14.22	12.72	9.86	10.03	-2.24	9.88	0.29	-5.65	-2.09	2.48	-54.48	-15.77	24.44	19.35	28.07

Credit (EUR)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	37	34	30	28	240	241	385	488	626	758	784	1,030	907	889	904
ST Debt	6	3	4	4	82	85	292	99	311	381	280	219	325	306	177
LT Debt	31	31	26	24	158	156	93	389	315	378	504	810	582	582	727
Total Debt/EBITDA	0.23	0.21	0.18	0.15	2.06	1.06	3.17	5.98	5.59	9.04	-4.8	143.87	5.56	4.78	3.05
Net Debt/EBITDA	-4.28	-3.53	-3.41	-3.21	-4.02	-1.98	-1.53	-2.36	-2.73	-2.33	-0.47	2.44	-1.06	-1.18	-1.12
Total Debt/EBIT	0.23	0.21	0.18	0.15	2.06	1.06	3.17	5.98	5.59	9.04	-4.8	143.87	5.56	4.78	3.05
Net Debt/EBIT	-4.28	-3.53	-3.41	-3.21	-4.02	-1.98	-1.53	-2.36	-2.73	-2.33	-0.47	2.44	-1.06	-1.18	-1.12
EBITDA to Interest Expense	36.88	33.76	34.97	52.38	27.83	36.16	13.27	8.69	9.85	5.4	-9.89	0.28	4.16	4.66	7.23
EBITDA-CapEx/Interest Expense	34.07	30.48	31.19	46.33	18.77	33.49	11.75	8.05	8.63	5.14	-10.07	0.17	3.81	4.48	6.84
EBIT to Interest Expense	36.88	33.76	34.97	52.38	27.83	36.16	13.27	8.69	9.85	5.4	-9.89	0.28	4.16	4.66	7.23
Interest Expense	4	5	5	4	4	6	9	9	11	16	17	25	39	40	41
Common Equity/Total Assets	17.42	19.81	23.84	25.42	16.36	17.35	14.34	12.14	10.28	11.31	6.54	4.5	6.27	8.03	8.96
Long-Term Debt/Equity (%)	8.89	7.06	5.99	5.27	39.78	35.22	19.97	108.44	95.45	133.25	481.44	976.14	179.19	145.68	128.99
Long-Term Debt/Capital (%)	6.01	5.5	4.39	3.69	18.94	17.91	9.64	40.76	29.21	31.12	48.08	64.38	48.48	45.82	50.48
Long-Term Debt/Total Assets (%)	1.15	1.18	1.11	0.99	4.38	4.32	2.38	10.44	7.36	9.6	12.97	16.82	12.92	12.58	12.36
Total Debt/Equity (%)	10.5	7.77	6.93	6.1	60.36	54.44	83.04	136.16	189.69	267.42	749.4	1,240.19	279.35	222.36	160.38
Total Debt/Capital (%)	7.1	6.04	5.08	4.27	28.74	27.68	40.07	51.19	58.04	62.45	74.84	81.8	75.58	69.93	62.76
Total Debt/Total Assets (%)	1.36	1.3	1.29	1.14	6.64	6.68	9.9	13.11	14.63	19.27	20.2	21.38	20.14	19.2	15.37
Net Debt to Equity	-192.4	-131.4	-127.88	-131.84	-118.08	-101.43	-40.04	-53.79	-92.53	-68.89	72.62	21.02	-53.24	-54.76	-58.84
Net Debt/Capital (%)	353.01	1,248.38	-8,039.76	-2,706.26	-372.11	-247.93	-47.55	-70.63	-159.93	-69.09	19.94	5.84	-104.25	-86.73	-111.65
EBITDA	157	165	164	187	117	226	121	82	112	84	-163	7	163	186	296
EBITDA-CapEx	145	149	147	166	79	210	107	76	98	80	-166	4	149	179	280
Operating Income (Loss)	157	165	164	187	117	226	121	82	112	84	-163	7	163	186	296

Liquidity (EUR)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.34	0.32	0.36	0.38	0.26	0.26	0.2	0.26	0.27	0.29	0.22	0.26	0.3	0.29	0.26
Current Ratio	1.14	1.17	1.19	1.19	1.09	1.11	1.09	1.11	1.03	1.05	1.04	1.11	1.14	1.14	1.19
Quick Ratio	0.34	0.32	0.36	0.38	0.26	0.26	0.2	0.26	0.27	0.29	0.22	0.26	0.3	0.29	0.26
CFO/Avg Current Liab	0.14	- -	0.04	0.07	-0.01	0.02	-0.05	0.04	0.05	-0.03	-0.08	0.02	0.02	0.02	0.04
Common Equity/Total Assets	17.42	19.81	23.84	25.42	16.36	17.35	14.34	12.14	10.28	11.31	6.54	4.5	6.27	8.03	8.96
Long-Term Debt/Equity (%)	8.89	7.06	5.99	5.27	39.78	35.22	19.97	108.44	95.45	133.25	481.44	976.14	179.19	145.68	128.99
Long-Term Debt/Capital (%)	6.01	5.5	4.39	3.69	18.94	17.91	9.64	40.76	29.21	31.12	48.08	64.38	48.48	45.82	50.48
Long-Term Debt/Total Assets (%)	1.15	1.18	1.11	0.99	4.38	4.32	2.38	10.44	7.36	9.6	12.97	16.82	12.92	12.58	12.36
Total Debt/Equity (%)	10.5	7.77	6.93	6.1	60.36	54.44	83.04	136.16	189.69	267.42	749.4	1,240.19	279.35	222.36	160.38
Total Debt/Capital (%)	7.1	6.04	5.08	4.27	28.74	27.68	40.07	51.19	58.04	62.45	74.84	81.8	75.58	69.93	62.76
Total Debt/Total Assets (%)	1.36	1.3	1.29	1.14	6.64	6.68	9.9	13.11	14.63	19.27	20.2	21.38	20.14	19.2	15.37
CFO/Total Liabilities	13.43	0.04	4.39	6.95	-0.56	1.87	-4.95	3.2	3.83	-3.19	-7.07	1.77	1.99	1.96	2.66
CFO/CapEx	26.42	0.05	4.75	6.37	-0.47	3.54	-12.2	17.82	10.88	-28.81	-89.8	30.41	5.94	11.45	8.83
Altman's Z-Score	1.57	2.09	2.55	2.73	2.03	2.19	1.94	1.81	1.57	1.38	0.92	1.22	1.5	1.49	1.84

Working Capital (EUR)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.44	1.67	2.01	2.56	2.51	2.31	2.19	1.8	1.97	1.5	1.2	1.54	1.46	1.67	1.98
Days Sales Outstanding	253.45	218.77	181.76	142.34	145.26	157.93	166.57	202.54	185.21	243.07	303.39	237.63	250.36	218.95	184.11
Inventory Turnover	92.92	76.21	77.92	86.84	134.68	176.78	232.97	168.44	259.5	358.23	243.31	411.57	425.93	493.95	764.84
Days Inventory Outstanding	3.93	4.79	4.68	4.2	2.71	2.06	1.57	2.17	1.41	1.02	1.5	0.89	0.86	0.74	0.48
Accounts Payable Turnover	0.82	0.94	1.23	1.37	1.63	1.53	1.66	1.35	1.39	0.97	0.85	1.88	2.91	3.01	4.55
Accounts Payable Turnover Days	447.76	389.02	296.74	266.86	223.87	239.31	219.65	270.91	262.28	374.42	430.62	193.87	125.49	121.34	80.2
Cash Conversion Cycle	-190.38	-165.46	-110.3	-120.32	-75.91	-79.31	-51.51	-66.21	-75.66	-130.33	-125.72	44.65	125.73	98.35	104.39
Inventory to Cash Days	249.52	213.99	177.07	138.13	142.55	155.87	165.01	200.37	183.81	242.06	301.89	236.75	249.51	218.21	183.63
Inventories	21	26	24	23	22	17	18	23	5	9	9	8	7	7	7
Raw Materials	2	1	1	8	5	4	- -	- -	2	2	2	1	- -	- -	- -
Work In Process	2	6	6	1	- -	- -	14	19	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	4	4	4	7	7	7	7	7	7
Other Inventory	17	19	17	15	17	13	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (EUR)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	1,490	1,746	1,991	2,217	1,545	1,354	1,474	1,277	1,174	1,259	1,230	1,649	999	2,394
- Cash & Cash Equivalents	707	617	591	628	709	688	570	681	888	932	667	960	1,034	1,018	1,143
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	9	12	4	3	4	4	18	14	13	11	10	12	11	11	10
+ Total Debt	37	34	30	28	240	241	385	488	626	758	784	1,030	907	889	904
Enterprise Value	-731	848	1,113	1,322	1,686	1,036	1,118	1,229	963	1,011	1,376	1,302	1,532	880	2,164
Total Capital	517	570	598	651	835	869	960	954	1,079	1,214	1,048	1,259	1,199	1,271	1,440
Total Debt/Capital (%)	7.1	6.04	5.08	4.27	28.74	27.68	40.07	51.19	58.04	62.45	74.84	81.8	75.58	69.93	62.76
Total Debt / EV	-0.05	0.04	0.03	0.02	0.14	0.23	0.34	0.4	0.65	0.75	0.57	0.79	0.59	1.01	0.42
EV/Sales	- -	0.32	0.39	0.42	0.4	0.22	0.22	0.28	0.2	0.29	0.49	0.31	0.37	0.2	0.33
EV/EBITDA	- -	5.13	6.77	7.05	14.45	4.58	9.22	15.06	8.6	12.05	- -	181.93	9.4	4.73	7.3
EV/EBIT	- -	5.13	6.77	7.05	14.45	4.58	9.22	15.06	8.6	12.05	- -	181.93	9.4	4.73	7.3
EV/Cash Flow to Firm	- -	168.7	12.57	9.39	- -	16.29	- -	10.8	6.46	- -	- -	9.94	14.48	8.18	12.84
EV/Free Cash Flow to Firm	- -	40.25	10.47	8.14	73.11	12.9	- -	10.26	5.91	- -	- -	9.74	12.79	7.67	11.73
Diluted Market Cap	- -	1,490	1,746	1,991	2,217	1,545	1,354	1,474	1,277	1,174	1,259	1,230	1,649	999	2,394
Diluted Enterprise Value	-662	919	1,189	1,393	1,752	1,101	1,187	1,295	1,029	1,011	1,386	1,312	1,533	880	2,164
EV per Share	- -	2.89	3.8	4.51	5.75	3.53	3.81	4.19	3.29	3.45	4.7	4.84	4.4	2.25	5.46
TTM Sales	2,613	2,652	2,846	3,149	4,188	4,793	5,068	4,396	4,699	3,521	2,806	4,233	4,135	4,451	6,466
TTM EBITDA	157	165	164	187	117	226	121	82	112	84	-163	7	163	186	296
TTM Operating Income	157	165	164	187	117	226	121	82	112	84	-163	7	163	186	296
TTM Cash Flow to Firm	320	5	89	141	-15	64	-163	114	149	-106	-250	131	106	108	169
TTM Free Cash Flow to Firm	332	21	106	162	23	80	-149	120	163	-102	-247	134	120	115	185

Multiples (EUR)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	88.53	17.06	12.48	110.84	20.38	-8.71	12.96	7.74	-10.43	-4.76	14.18	16.97	11.07	15.19
EV/EBIT	- -	5.13	6.77	7.05	14.45	4.58	9.22	15.06	8.6	12.05	- -	181.93	9.4	4.73	7.3
Enterprise Value	-731	848	1,113	1,322	1,686	1,036	1,118	1,229	963	1,011	1,376	1,302	1,532	880	2,164
Low Price	- -	6.14	6.01	7.11	7.99	5.53	5	4.8	4.54	4.15	4.14	4.45	4.61	2.37	2.52
EV/Sales	- -	0.32	0.39	0.42	0.4	0.22	0.22	0.28	0.2	0.29	0.49	0.31	0.37	0.2	0.33
EV/EBITDA	- -	5.13	6.77	7.05	14.45	4.58	9.22	15.06	8.6	12.05	- -	181.93	9.4	4.73	7.3
Price/Earnings	- -	11.17	13.67	14.68	37.34	11.99	34.25	123.09	- -	106.21	- -	- -	27.06	11.11	15.27
Price/Earnings Average	- -	11.5	12.98	13.59	36.58	13.59	37.51	118.69	-163.08	113.78	-6.37	-33.75	25.95	13.37	10.32
Price/Earnings High	- -	14.94	17.8	17.14	45.15	20.31	44.92	130.92	-174.8	126.51	-7	-38.53	27.69	20.52	16.25
Price/Earnings Low	- -	13.49	13.81	15.37	39.46	12.59	37.08	117.42	-144.27	110.03	-6.36	-32.26	26.34	10.28	6.38
Price/Book Value	- -	2.84	3.1	3.21	3.75	2.47	2.43	3.26	2.9	2.64	4.95	5.67	5.85	2.69	4.55
Price/Book Value Average	- -	2.93	2.94	2.97	3.67	2.81	2.66	3.14	3.42	2.83	4.77	5.78	5.61	3.24	3.07
Price/Book Value High	- -	3.8	4.03	3.75	4.53	4.19	3.19	3.47	3.67	3.14	5.25	6.6	5.99	4.97	4.83
Price/Book Value Low	- -	3.44	3.13	3.36	3.96	2.6	2.63	3.11	3.03	2.73	4.77	5.52	5.69	2.49	1.9
Price/Tangible Book Value	- -	4	4.75	5.05	6.68	3.55	2.96	4.88	4.63	5.04	22.51	34.14	5.91	2.81	4.59
Price/Tangible Book Value Average	- -	4.12	4.51	4.68	6.55	4.03	3.24	4.7	5.46	5.4	21.68	34.78	5.67	3.38	3.1
Price/Tangible Book Value High	- -	5.35	6.18	5.9	8.08	6.02	3.88	5.19	5.85	6.01	23.86	39.7	6.05	5.19	4.88
Price/Tangible Book Value Low	- -	4.83	4.8	5.29	7.06	3.73	3.2	4.65	4.83	5.22	21.68	33.25	5.75	2.6	1.92
Price/Sales	- -	0.56	0.61	0.63	0.53	0.32	0.27	0.34	0.27	0.33	0.45	0.29	0.4	0.22	0.37
Price/Sales Average	- -	0.58	0.58	0.59	0.52	0.37	0.29	0.32	0.32	0.36	0.43	0.3	0.38	0.27	0.25
Price/Sales High	- -	0.75	0.8	0.74	0.64	0.55	0.35	0.36	0.34	0.4	0.48	0.34	0.41	0.41	0.39
Price/Sales Low	- -	0.68	0.62	0.66	0.56	0.34	0.29	0.32	0.28	0.35	0.43	0.28	0.39	0.21	0.15
Price/Cash Flow	- -	1,862.84	20.65	14.45	-123.22	26.14	-7.99	13.68	8.45	-10.07	-4.71	14.65	19.82	12.03	16.91
Price/Cash Flow Average	- -	1,917.7	19.6	13.37	-120.71	29.64	-8.75	13.2	9.96	-10.78	-4.54	14.92	19.02	14.48	11.43
Price/Cash Flow High	- -	2,492.39	26.87	16.86	-148.98	44.29	-10.48	14.55	10.67	-11.99	-4.99	17.03	20.29	22.22	17.98
Price/Cash Flow Low	- -	2,250.51	20.86	15.12	-130.23	27.46	-8.65	13.05	8.81	-10.43	-4.54	14.26	19.3	11.14	7.06
Price/Free Cash Flow Average	- -	91.13	16.19	11.56	108.58	23.11	-9.53	12.49	9.12	-11.17	-4.59	14.45	16.28	13.32	10.26
Price/Free Cash Flow High	- -	118.45	22.2	14.57	134.01	34.53	-11.42	13.78	9.77	-12.42	-5.05	16.49	17.37	20.44	16.15
Price/Free Cash Flow Low	- -	106.95	17.23	13.06	117.14	21.41	-9.42	12.36	8.07	-10.8	-4.59	13.81	16.52	10.24	6.34
EV/Sales Average	- -	0.36	0.39	0.4	0.41	0.27	0.26	0.28	0.27	0.31	0.48	0.32	0.35	0.24	0.21
EV/Sales High	- -	0.54	0.6	0.55	0.53	0.45	0.32	0.32	0.29	0.35	0.52	0.36	0.38	0.39	0.36
EV/Sales Low	- -	0.46	0.42	0.47	0.45	0.25	0.26	0.28	0.23	0.3	0.48	0.3	0.36	0.18	0.12
EV/EBITDA Average	-4.21	5.84	6.7	6.64	14.62	5.78	10.85	15.22	11.22	13.05	-8.2	186.63	8.99	5.82	4.68
EV/EBITDA High	-4.21	8.62	10.44	9.21	18.97	9.6	13.26	17.02	12.19	14.73	-8.95	211.39	9.64	9.28	7.81
EV/EBITDA Low	-4.21	7.45	7.34	7.93	16.08	5.21	10.71	15.03	9.67	12.55	-8.2	178.89	9.13	4.33	2.6
EV/EBIT Average	-4.21	5.84	6.7	6.64	14.62	5.78	10.85	15.22	11.22	13.05	-8.2	186.63	8.99	5.82	4.68
EV/EBIT High	-4.21	8.62	10.44	9.21	18.97	9.6	13.26	17.02	12.19	14.73	-8.95	211.39	9.64	9.28	7.81
EV/EBIT Low	-4.21	7.45	7.34	7.93	16.08	5.21	10.71	15.03	9.67	12.55	-8.2	178.89	9.13	4.33	2.6
Last Price	- -	5.08	5.95	6.79	7.56	5.27	4.62	5.03	4.36	4	4.3	4.57	4.74	2.56	6.04
High Price	- -	6.8	7.75	7.93	9.14	8.92	6.05	5.35	5.51	4.77	4.55	5.32	4.85	4.73	6.43
Enterprise Value Average	-662	963	1,101	1,246	1,706	1,308	1,316	1,242	1,256	1,095	1,339	1,335	1,466	1,083	1,388
Enterprise Value High	-662	1,423	1,715	1,727	2,215	2,174	1,609	1,389	1,365	1,236	1,461	1,513	1,572	1,727	2,317
Enterprise Value Low	-662	1,230	1,207	1,486	1,877	1,179	1,299	1,227	1,083	1,054	1,339	1,280	1,489	806	770

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	61	59	59	59	59	59	59	59	59	59	59	59	78	78	78
Diluted Weighted Avg Shares	293	293	293	293	293	293	293	293	293	293	293	269	348	391	396
Basic Weighted Avg Shares	293	293	293	293	293	293	293	293	293	293	293	269	348	391	396
Revenue per Share	8.91	9.04	9.71	10.74	14.29	16.34	17.28	15	16.04	12.01	9.58	15.73	11.88	11.4	16.33
EBITDA per Share	0.54	0.56	0.56	0.64	0.4	0.77	0.41	0.28	0.38	0.29	-0.56	0.03	0.47	0.48	0.75
Operating Income per Share	0.54	0.56	0.56	0.64	0.4	0.77	0.41	0.28	0.38	0.29	-0.56	0.03	0.47	0.48	0.75
Basic EPS, GAAP	0.44	0.45	0.44	0.46	0.2	0.44	0.13	0.04	-0.03	0.04	-0.65	-0.14	0.18	0.23	0.4
Basic EPS from Cont Ops	0.46	0.46	0.44	0.46	0.21	0.48	0.2	0.05	-0.03	0.04	-0.66	-0.13	0.17	0.23	0.39
Diluted EPS, GAAP	0.44	0.45	0.44	0.46	0.2	0.44	0.13	0.04	-0.03	0.04	-0.65	-0.14	0.18	0.23	0.4
Diluted EPS from Cont Ops	0.46	0.46	0.44	0.46	0.21	0.48	0.2	0.05	-0.03	0.04	-0.66	-0.13	0.17	0.23	0.39
Dividend per Share	0.25	0.25	0.26	0.26	0.26	0.26	0.26	0.2	- -	- -	- -	- -	- -	0.07	0.08
Cash Flow per Share	1.08	- -	0.29	0.47	-0.06	0.2	-0.58	0.37	0.52	-0.4	-0.91	0.31	0.24	0.21	0.36
Free Cash Flow per Basic Share	1.04	-0.05	0.23	0.4	-0.19	0.14	-0.63	0.35	0.47	-0.41	-0.92	0.3	0.2	0.19	0.32
Cash & Equivalents per Share	2.65	2.35	2.27	2.39	2.64	2.57	2.18	2.55	3.25	3.18	2.31	3.61	2.97	2.61	2.89
Book Value per Share	1.61	1.79	1.92	2.11	2.02	2.13	1.9	1.54	1.5	1.52	0.87	0.81	0.81	0.95	1.33
Tangible Book Value per Share	1.02	1.27	1.25	1.34	1.13	1.48	1.56	1.03	0.94	0.79	0.19	0.13	0.8	0.91	1.32

Técnicas Reunidas, S.A.

Profitability (EUR)

Credit (EUR)

Liquidity (EUR)

Working Capital (EUR)

Enterprise Value (EUR)

Multiples (EUR)

Per Share Data Items (EUR)