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Tubacex S.A./€TUB

1D1W1M3M6MYTD1Y5YMAX

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
Materials
Primary listing
BME
Employees
2,619
Headquarters
Llodio, Spain
Website
www.tubacex.com

Tubacex S.A. Metrics

BasicAdvanced
€355M
-
-€0.44
0.47
€0.04
1.39%

What the Analysts think about Tubacex S.A.

Analyst ratings (Buy, Hold, Sell) for Tubacex S.A. stock.
Analyst projections of the future price of Tubacex S.A. stock.

Bulls say / Bears say

Tubacex’s Brazil business has room to grow: it has supplied more than 70 offshore wells for Petrobras, whose 2026–30 plan includes 260 new wells and more than €97 billion of investment. Its existing technical and service footprint could help it win further work as those projects advance. (elEconomista)
Subsea demand is providing visible work: Tubacex says it has won more than €100 million of umbilical-tube orders in 2026 and has over 18 months of backlog in the business. That gives the company a meaningful base of longer-cycle orders to execute. (Tubacex)
Tubacex is extending beyond its traditional oil and gas markets into nuclear, including a first order for a small modular reactor project in Canada. The contract puts it into a technically demanding market with potential for follow-on work if SMR projects proceed. (Cinco Días)
Trading weakened sharply in the first half of 2026: sales fell 10.5% year on year, EBITDA dropped 37.9%, and attributable net profit was only €0.7 million. The decline reflects lower volumes and weaker order intake, leaving earnings vulnerable if activity does not recover. (Tubacex)
Middle East disruption has created a direct operational risk: Tubacex said logistics problems affected its Abu Dhabi supply chain, while the company moved to an ERTE affecting 430 workers at its Llodio and Amurrio plants. Continued disruption could delay production and customer deliveries. (Tubacex, Expansión)
The balance sheet has less room for error after net financial debt rose to €363.1 million and the net-debt-to-EBITDA ratio reached 4.4 times at the end of June. Higher working capital tied to disrupted logistics is also absorbing cash that the company says it needs to recover. (Tubacex)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

Tubacex S.A. Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Tubacex S.A. Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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.