Duro Felguera (MDF) AI Stock Analysis

Duro Felguera

(BME:MDF)

Select Model

Rating:44Neutral

Price Target:EUR 0.20▼(-2.17% Downside)

Action:reiterated

Date:08/20/26

ES:MDF's overall score is severely dragged down by profound financial instability, including negative equity, mounting debt, and ongoing operational losses. While recent technical indicators show positive price trends, the underlying insolvency and weak valuation fundamentals present overriding risks.

Positive Factors

Diversified EPC platformA broad EPC/EPCM offering across energy and industrial end markets gives Duro Felguera multiple avenues to win projects and apply its engineering capabilities. Geographic and sector diversification can support business resilience over the next several months, although execution remains important.

Negative Factors

Severe revenue contractionA sharp revenue decline reduces operating scale and makes fixed-cost absorption more difficult for an engineering and contracting group. Continued contraction would weaken project throughput, impair earnings recovery, and make it harder for the company to rebuild a sustainable profit base over the next several quarters.

Duro Felguera (MDF) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 45.50M
Dividend Yield: ―
Average Volume (3M): 663.15K
Price to Earnings (P/E): 0.8
Beta (1Y): 0.51
Revenue Growth: -69.38%
EPS Growth: ―
Country: Spain
Employees: 467
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Duro Felguera Business Overview & Revenue Model

Company Description

Duro Felguera, S.A., established in 1858 and headquartered in Gijón, Spain, specializes in delivering comprehensive, ready-to-operate projects for the energy and industrial sectors. Its operational footprint is extensive, encompassing Spain, Latin Am...

Duro Felguera Financial Statement Overview

Summary

The company is in severe financial distress, highlighted by massive revenue contraction, continuous operating losses, structural cash burn, and a highly over-leveraged balance sheet with negative equity.

Income Statement

10Very Negative

Balance Sheet

5Very Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	75.26M	161.06M	286.01M	281.20M	117.19M	84.47M
Gross Profit	1.80M	13.83M	97.18M	119.43M	72.61M	59.14M
EBITDA	-57.77M	-49.88M	-83.42M	-10.59M	-1.45M	29.14M
Net Income	196.81M	-71.00M	-98.37M	-21.89M	5.01M	22.61M
Balance Sheet
Total Assets	112.98M	134.85M	215.90M	328.73M	233.46M	292.07M
Cash, Cash Equivalents and Short-Term Investments	34.26M	18.32M	36.61M	133.32M	53.51M	120.09M
Total Debt	159.26M	291.57M	138.40M	69.86M	34.14M	42.45M
Total Liabilities	204.93M	467.48M	485.18M	484.26M	375.39M	429.94M
Stockholders Equity	-91.92M	-337.70M	-270.02M	-156.26M	-142.57M	-138.41M
Cash Flow
Free Cash Flow	-21.84M	-22.80M	-77.34M	-27.38M	-61.49M	-65.21M
Operating Cash Flow	-21.91M	-22.76M	-76.56M	-26.96M	-61.49M	-64.70M
Investing Cash Flow	2.39M	8.32M	-5.95M	23.89M	8.55M	14.37M
Financing Cash Flow	11.03M	597.00K	-1.89M	88.87M	-11.50M	113.98M

Duro Felguera Technical Analysis

Technical Analysis SentimentNegative

Last Price0.21

Price Trends

50DMA0.24Negative

100DMA0.23Negative

200DMA0.20Positive

Market Momentum

MACD-0.01Negative

RSI41.27Neutral

STOCH40.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:MDF, the sentiment is Negative. The current price of 0.21 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.24, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 40.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:MDF.

Duro Felguera Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:MDF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:FER	67Neutral	EUR 36.20B	59.84	10.42%	2.16%	5.46%	-81.98%
ES:ENO	64Neutral	EUR 2.42B	12.68	19.61%	11.05%	6.96%	―
ES:SCYR	61Neutral	EUR 3.19B	24.84	13.38%	3.14%	3.64%	41.50%
ES:ACS	56Neutral	EUR 24.12B	23.49	19.75%	4.09%	10.46%	14.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:TRE	53Neutral	EUR 2.18B	13.94	27.90%	―	32.96%	48.82%
ES:MDF	44Neutral	EUR 104.55M	0.78	-91.62%	―	-69.38%	―

* General Sector Average

Performance Comparison

ES:MDF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:MDF	Duro Felguera	0.21	-0.04	-15.60%
ES:ACS	Actividades de Construccion y Servicios SA	91.15	19.15	26.60%
ES:ENO	Elecnor SA	28.90	-0.05	-0.19%
ES:FER	Ferrovial SA	51.46	-2.45	-4.55%
ES:SCYR	Sacyr SA	4.14	0.43	11.43%
ES:TRE	Tecnicas Reunidas	28.16	-1.66	-5.57%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

Duro Felguera AI Stock Analysis