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Technip Energies NV (FR:TE)
:TE
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Technip Energies NV
(TE)
Rating:78Outperform
Price Target:
€39.00
▲(12.65%Upside)
Technip Energies NV (TE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€6.11B
Dividend Yield2.46%
Average Volume (3M)271.33K
Price to Earnings (P/E)15.6
Beta (1Y)0.99
Revenue Growth11.91%
EPS Growth31.36%
CountryFR
Employees17,000
SectorEnergy
Sector Strength46
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.56
Shares Outstanding178,378,710
10 Day Avg. Volume252,306
30 Day Avg. Volume271,326
Financial Highlights & Ratios
PEG Ratio-1.28
Price to Book (P/B)2.52
Price to Sales (P/S)0.00
P/FCF Ratio6.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€33.20Price Target Upside-4.10% Downside
Rating ConsensusHold
Number of Analyst Covering6
Technip Energies NV Business Overview & Revenue Model
Company DescriptionTechnip Energies N.V., together with its subsidiaries, operates as an engineering and technology company for the energy transition in Europe, Russia, the Asia Pacific, Africa, the Middle East, and the Americas. The company operates through two segments, Projects Delivery, and Technology, Products and Services. It is involved in the engineering, procurement, construction management, commissioning, and transport and installation of various energy projects. The company also engages in designing, engineering, procurement, construction, and project management of various onshore and offshore facilities related to gas monetization, ethylene, hydrogen, refining, and chemical processing from biofuels and hydrocarbons. In addition, it develops, designs, commercializes, and integrates a range of technologies in gas monetization, refining, petrochemicals, and fertilizers, hydrogen, and sustainable chemistry; provides land and marine-based loading and transfer systems services to the oil and gas, petrochemical, chemical, and decarbonization industries; and offers a range of project management consulting services to the energy industry. Further, it offers robotics, asset monitoring, and surveillance solutions, as well as nondestructive testing and material testing solutions for harsh environments of a range of industries, such as nuclear, oil and gas, offshore wind, or aerospace; commercializes a complete solution for inspection, and maintenance and repair for its proprietary software supervision Cyxense Commander, which is used to remotely control an heterogeneous fleet of robots; develops a range of proprietary third party robots; and provides digital services. Technip Energies N.V. was incorporated in 2019 and is headquartered in Nanterre, France.
How the Company Makes MoneyTechnip Energies makes money primarily through its comprehensive service offerings in the energy sector, which include engineering, procurement, construction, and project management services. The company's revenue streams are driven by contracts for large-scale infrastructure projects, particularly in the areas of LNG, hydrogen, and sustainable chemistry. Significant partnerships and collaborations with major energy companies and technology providers enhance its project portfolio and revenue potential. Additionally, Technip Energies leverages its expertise in cutting-edge technologies and process innovations to secure projects that align with the global energy transition, further contributing to its financial performance.
Technip Energies NV Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 15.05%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong performance with significant growth in revenues and a robust backlog, offset by some challenges in the TPS segment and carbon capture project delays. The financial health and strategic wins in major contracts suggest a positive outlook, with some cautious adjustments to expectations due to macroeconomic uncertainties.Q1-2025 Updates
Positive Updates
Significant Year-Over-Year Growth
Technip Energies reported a 22% increase in revenues and a 19% increase in EBITDA for Q1 2025, reflecting strong order intake and execution focus.
Project Delivery (PD) Growth
Project Delivery segment revenues grew by 34% year-over-year, with a 28% increase in EBITDA, leading to a raised 2025 guidance for this segment.
Strong Backlog and Commercial Pipeline
Backlog stood at €18.2 billion, equivalent to 2.7 times 2024 revenues, with a commercial pipeline exceeding €70 billion, showcasing strong future opportunities.
Blue Ammonia Plant Contract Win
Technip Energies secured a major contract in the U.S. for the world's largest blue ammonia plant, valued at over €1 billion, demonstrating leadership in decarbonization projects.
Successful Completion of Reju DEMO Plant
Reju, Technip Energies' material regeneration company, completed commissioning and certification of its DEMO plant in Frankfurt, advancing its circular textiles ecosystem.
Strong Financial Position
Gross cash of €4 billion exceeds net contract liability of €3.1 billion, with a successful refinancing of a $750 million revolving credit facility.
Negative Updates
TPS Revenue Decline
Revenues for Technology Products & Services were 5% lower year-over-year due to reduced contributions from proprietary equipment and a challenging macroeconomic environment.
Challenges in Carbon Capture and Clean Technology
Delays in projects like Heidelberg and Calpine due to political and market uncertainties, impacting short-term FID momentum.
Company Guidance
During the call, Technip Energies provided a robust overview of their Q1 2025 financial performance and guidance. They reported a 22% year-over-year increase in revenues and a 19% rise in EBITDA, attributing this growth to the quality of their order intake and effective execution. Their backlog reached €18.2 billion, equating to 2.7 times their 2024 revenues. Project Delivery (PD), their largest segment, saw a 34% increase in revenues and a 28% rise in EBITDA. They raised 2025 guidance for PD due to improved visibility, with revenues now expected between €5.2 billion and €5.6 billion. Technology Products & Services (TPS) revenues dipped by 5%, although EBITDA improved by 8%, driven by the tail end of proprietary equipment deliveries. The book-to-bill ratio for TPS exceeded 1.0, indicating strong demand. In terms of strategic initiatives, Technip Energies is progressing with a digital acceleration plan poised to save €100 million annually by 2028. They also highlighted a significant contract win in the U.S. for the largest blue ammonia plant, valued at over €1 billion, and discussed their extensive commercial pipeline exceeding €70 billion.Technip Energies NV Financial Statement Overview
Summary
Technip Energies NV exhibits strong financial health characterized by solid revenue growth, improved profitability, and efficient cash flow management. The company's conservative leverage strategy and effective use of equity have bolstered its financial position, making it well-positioned for future growth. However, the industry remains competitive, and continued focus on maintaining margins and cash flow stability will be crucial.Income Statement
Technip Energies NV has demonstrated solid revenue growth with a substantial increase from the previous year, achieving a revenue growth rate of 11.91%. The company's gross profit margin stands at 13.66%, indicating efficient cost management. The net profit margin improved to 5.81%, showcasing enhanced profitability. EBIT and EBITDA margins are 6.69% and 10.68%, respectively, reflecting strong operational performance and cash generation capability.85
Very Positive
Balance Sheet
The balance sheet reveals a healthy equity ratio of 22.52%, indicating a balanced capital structure with a focus on equity financing. The company maintains a low debt-to-equity ratio of 0.47, highlighting conservative leverage use. Return on equity (ROE) improved to 18.77%, demonstrating effective use of shareholders' equity to generate profits.80
Positive
Cash Flow
Technip Energies NV shows robust free cash flow growth of 130.25%, indicating strong cash generation. The operating cash flow to net income ratio is 2.16, suggesting efficient conversion of profits into cash flow. The free cash flow to net income ratio of 1.95 further reflects strong cash flow management capabilities.78
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.72B | 6.00B | 6.28B | 6.43B | 5.75B | Gross Profit |
| 918.10M | 923.20M | 884.30M | 912.30M | 1.01B | EBIT |
| 449.60M | 452.10M | 503.90M | 429.90M | 513.60M | EBITDA |
| 717.90M | 606.20M | 677.80M | 688.40M | 658.50M | Net Income Common Stockholders |
| 390.70M | 296.80M | 300.70M | 244.60M | 206.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.85B | 3.37B | 3.48B | 3.64B | 3.19B | Total Assets |
| 9.24B | 8.67B | 8.69B | 8.38B | 7.87B | Total Debt |
| 980.70M | 993.40M | 986.20M | 989.10M | 646.70M | Net Debt |
| -2.87B | -2.38B | -2.49B | -2.65B | -2.54B | Total Liabilities |
| 7.13B | 6.72B | 6.96B | 6.87B | 6.05B | Stockholders Equity |
| 2.08B | 1.89B | 1.71B | 1.48B | 1.81B |
| Cash Flow | Free Cash Flow | |||
| 760.60M | 330.40M | 137.70M | 884.80M | 805.50M | Operating Cash Flow |
| 845.20M | 378.80M | 184.40M | 934.40M | 836.80M | Investing Cash Flow |
| -97.50M | -108.00M | -57.60M | -53.00M | -52.00M | Financing Cash Flow |
| -364.80M | -319.00M | -396.30M | -558.60M | -1.32B |
Technip Energies NV Technical Analysis
Positive
34.62
Price Trends
30.31
Positive
29.01
Positive
25.71
Positive
Market Momentum
1.23
Negative
73.54
Negative
85.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TE, the sentiment is Positive. The current price of 34.62 is above the 20-day moving average (MA) of 32.65, above the 50-day MA of 30.31, and above the 200-day MA of 25.71, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 73.54 is Negative, neither overbought nor oversold. The STOCH value of 85.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:TE.
Technip Energies NV Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €6.11B | 15.64 | 2.46% | 11.91% | 31.36% | ||
57 Neutral | $7.22B | 3.16 | -4.49% | 5.63% | 0.82% | -49.15% | |
| €14.49B | 13.69 | 8.49% | 5.25% | ― | ― | ||
| €15.23B | 24.70 | 14.73% | 1.98% | ― | ― | ||
| €2.99B | 8.78 | 12.53% | 6.83% | ― | ― | ||
| €126.87B | 29.70 | 14.99% | 1.72% | ― | ― | ||
| €22.07B | 19.80 | 13.14% | 4.66% | ― | ― |
* Energy Sector Average
Performance Comparison
FR:TE
Technip Energies NV
34.62
13.39
63.07%
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Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.