Tecnoglass Valuation Analysis
| TGLS Stock | USD 39.79 -2.65 -6.24% |
Above Model Estimate
Today
The intrinsic value estimate for Tecnoglass is based on a 3 months horizon. A high P/E ratio indicates strong growth expectations already embedded in pricing. Extending the time horizon generally improves valuation stability.
The valuation of Tecnoglass depends on whether margins, cash generation, and capital structure support current pricing. Comparing multiple valuation approaches and benchmarking against peers establishes whether current pricing aligns with Tecnoglass' earnings profile and risk structure. A valuation rooted in multiple frameworks is less likely to overweight a single assumption about Tecnoglass's future trajectory. Benchmarking against peers produces the most actionable estimate of Tecnoglass' value.
Main Profitability Drivers
On a profitability basis, Tecnoglass carries a 17.00% net margin and a 15.00% operating margin. Tecnoglass' net margin exceeding operating margin by 2.00 percentage points indicates contributions from non-operating activities. On $983.61 million of revenue, Tecnoglass earned $419.72 million in gross profit and $159.57 million on the bottom line. Return on equity is 16.00% and return on assets is 6.75%, providing a view of how efficiently Tecnoglass' capital and asset base are deployed. The trend direction in Tecnoglass' profitability metrics skews negative, pointing to potential earnings risk ahead. For a deeper look, explore Tecnoglass' profitability breakdown.
Price Book 2.57 | Gross Profit | Price Sales 1.83 | Profit Margin | Enterprise Value Revenue 1.93 |
Tecnoglass Cash | $59.39 million |
Cash stood at $100.9 million as of December 31, 2025.
Revenue by Product
The latest product revenue disclosure for Tecnoglass covers 2 reported segments. Among the reported segments, Commercial leads at 160.54 million, with Residential next at 88.47 million. The reported segment mix is best read as directional context rather than a full bridge to consolidated revenue.Tecnoglass operates as a construction materials provider where revenue is driven by infrastructure demand, housing cycles, and raw material pricing. Positioned as a growth-oriented stock within Construction Materials, its valuation multiples reflect expectations for forward earnings expansion. The sections below test current market pricing against capital structure, margins, and earnings trajectory.
Total Value Analysis
Tecnoglass currently shows enterprise value of 1.9 billion, market capitalization of 1.85 billion, debt of 171.63 million, and cash and equivalents of 105.36 million as of latest reporting. The gap between enterprise value and market cap reflects the net effect of debt and cash — shifts in either can materially change the total-value picture.| Takeover Price | Market Cap | Debt Obligations | Cash & Equivalents |
1.9 billion | 1.85 billion | 171.63 million | 105.36 million |
Investor Information
About 45.0% of TGLS outstanding shares are owned by corporate insiders. The book value of TGLS was at this time reported as 15.94. TGLS has Price/Earnings To Growth (PEG) ratio of 0.69. Tecnoglass had its last dividend issued on the 31st of March 2026. Current financial indicators suggest stable financial positioning in asset utilization and capital deployment. Asset-level profitability holds steady, reflecting balanced cost management and revenue retention.| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Operating Profit Margin | 15.00% | 23.46% |
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| Operating Income | $242.28 million | $230.74 million |
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Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Tecnoglass has an asset utilization ratio of 78.04 percent. This implies that the Company is making $0.78 for each dollar of assets. An increasing asset utilization means that Tecnoglass is more efficient with each dollar of assets it utilizes for everyday operations.Macro event markers
Discounted Cash Flow Analysis
Using the current custom levered DCF inputs, Tecnoglass is worth about 23.12 per share while the market is pricing it near 39.79. That leaves the shares trading about 41.9% above this model output. The setup uses a WACC of 10.04% and a long-term growth rate of 2.0%, with next-period free cash flow around 101.82 Million. Discounted forecast cash flows sum to about 365.54 Million before the terminal component, and present terminal value still represents roughly 68.2% of enterprise value.Model Value / Share
23.12
Equity value per share from the current custom levered DCF summary row.
Market Price
39.79
Current market price used by the same scenario.
Model Premium
41.9%
Market price sits above the model output.
WACC / LT Growth
10.04% / 2.0%
Forecast horizon: 2021 to 2030Terminal value share of EV: 68.2%
Tecnoglass Market Price vs. Intrinsic Value
This chart compares observed market pricing with the model-derived equity value per share across forecast periods. It also illustrates the relative premium or discount, expressed as a percentage difference between market valuation and modeled intrinsic value.
Projected Revenue and Levered Free Cash Flow
Revenue and levered free cash flow projections are presented in billions, outlining the expected financial trajectory over the modeled horizon.
Key Model Assumptions
The inputs below reflect the core assumptions applied in the valuation model, including growth expectations, discount rates, and capital structure considerations.
| Input | Current Value |
|---|---|
| Weighted Average Cost of Capital | 10.04% |
| Long-Term Growth Rate | 2.0% |
| Cost of Equity | 10.71% |
| After-Tax Cost of Debt | 2.73% |
| Debt Weighting | 8.46% |
| Equity Weighting | 91.54% |
| Net Debt | 70.73 million |
| Enterprise Value | 1.15 billion |
| Present Terminal Value | 784.55 million |
| Terminal Value Share of EV | 68.2% |
Forecast Detail and Valuation Progression
This table presents the underlying forecast data used in the valuation, including revenue, cash flow generation, discounting effects, and the resulting per-share value across each projected period.
| Year | Revenue | Revenue Growth | Free Cash Flow | PV of LFCF | Equity Value / Share |
|---|---|---|---|---|---|
| 2021 | 496.79 million | 0.00% | 65.74 million | 0 | 23.12 |
| 2022 | 716.57 million | 44.24% | 70.59 million | 0 | 23.13 |
| 2023 | 833.26 million | 16.29% | 60.87 million | 0 | 23.12 |
| 2024 | 890.18 million | 6.83% | 90.97 million | 0 | 23.12 |
| 2025 | 983.61 million | 10.50% | 34.49 million | 0 | 23.13 |
| 2026 | 1.05 billion | 6.25% | 92.21 million | 83.79 million | 23.12 |
| 2027 | 1.08 billion | 3.72% | 95.64 million | 78.98 million | 23.12 |
| 2028 | 1.11 billion | 2.22% | 97.76 million | 73.36 million | 23.12 |
| 2029 | 1.12 billion | 1.32% | 99.05 million | 67.55 million | 23.12 |
| 2030 | 1.13 billion | 0.79% | 99.82 million | 61.86 million | 23.12 |
Profitability Analysis
Based on Tecnoglass' financial statements, Tecnoglass is profitable with a net margin of 17.0% and operating margin of 15.0%, reporting net income of 159.57 million. Return on equity stands at 16.0%. Profitability remains structurally elevated, but the decline across margin and return indicators points to broad-based compression rather than isolated cost pressure.Net Income | First Reported 2012-03-31 | Previous Quarter 26.11 million | Current Value 31.89 million | Quarterly Volatility 19.25 million |
Macro event markers
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 30.00% | 42.84% |
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| Operating Profit Margin | 15.00% | 23.46% |
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| Pretax Profit Margin | 13.00% | 23.92% |
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Tecnoglass profitability is assessed through margins, return on equity, and asset efficiency. Net margin of 17.0% reflects solid earnings conversion and cost discipline relative to revenue. What follows tests whether current margins and returns are sustainable under prevailing business conditions. Tecnoglass reports return on equity of 16.0%, above the level typically associated with durable competitive advantages.
Earnings per Share Projection vs Actual
Comparing Tecnoglass' estimated and trailing EPS clarifies whether the earnings trajectory is accelerating or decelerating. Forward EPS of 0.56 compared to trailing 3.23 signals the expected earnings direction for Tecnoglass. Margin trends and working capital shifts add nuance to Tecnoglass' reported EPS. Estimate dispersion for Tecnoglass reflects the degree of uncertainty embedded in current analyst models. Analyst EPS projections for Tecnoglass set the bar that actual results are measured against. The direction and magnitude of any miss or beat often matters more than the absolute number. Tecnoglass reported estimated earnings of 0.56 in earnings per share on 30th of June 2026. Revisions to EPS estimates — direction and magnitude — often move valuation multiples before the actual report date.Macro event markers
Earnings Estimation Breakdown
3 analysts contribute to the current consensus. The last reported EPS was 0.78 as of 31st of March 2026.
Last Reported EPS
0.55
Lowest
0.56
Expected EPS
0.57
Highest
Analyst estimate range around the current expected EPS projection.
Earnings Projection Consensus
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of June 2026 | Current EPS (TTM) | |
| 3 | 91.28% | 0.78 | 0.56 | 3.23 |
Ownership Allocation
Over half of Tecnoglass' outstanding shares are owned by institutional holders. This level of institutional participation often indicates steady inclusion in actively managed funds and index-tracking vehicles, driven by Tecnoglass' size, liquidity, and analyst coverage.Revenue and Profit Overview
TGLS reported previous year's revenue of $983.61 million. Net Income was $159.57 million with profit before overhead, payroll, taxes, and interest of $419.72 million.Historical Distributions to Stockholders
Studying the payout policy of the company clarifies how the company allocates capital. Investors often compare dividend payments with profitability and free cash flow trends. Income-focused investors may want to analyze dividend distributions.
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| 31st of July 2024 |
What the Data Shows
At 55.77 times earnings, the market is pricing Tecnoglass for meaningful forward growth - a bet that carries both opportunity and risk if results fall short. For industrial and manufacturing companies, the earnings multiple reflects operating economics and cost structure more than top-line growth alone. Margins of 17.0% are adequate but not exceptional - competitive dynamics or cost shifts in either direction could move the profitability picture meaningfully. This margin profile is a direct function of the underlying business economics. Tecnoglass's 0.64 debt-to-equity ratio falls within a manageable range, though shifts in interest rates or operating cash flow could pressure that balance. The 16.0% return on equity indicates efficient use of shareholder capital, a metric that typically correlates with durable competitive positioning in Construction Materials. The growth-oriented valuation profile means Tecnoglass responds more strongly to earnings surprises and forward guidance changes than to traditional value metrics. Current pricing embeds an expectation of sustained above-average earnings growth. A shift in order flow, operational efficiency, and their translation into sustained earnings would alter the balance between what the market has priced in and what ultimately materializes.
Combined Signal Overview
Tecnoglass fits the profile of a moderately profitable business where earnings are shaped by operating scale and the underlying cost structure, a positioning that shapes how industrial and manufacturing companies are valued. Profitability is positive and capital returns adequate - the business generates reasonable value from its asset base under current conditions. On balance, Tecnoglass is a fundamentally strong business whose premium valuation is backed by the underlying economics. Whether that premium expands depends on order flow, operational efficiency, and their translation into sustained earnings.
Valuation Framework, Methodology & Assumptions
Tecnoglass is a small-cap equity in Construction Materials, Building Materials, Basic Materials categories. Capital structure affects intrinsic modeling assumptions. Valuation context for Tecnoglass is currently framed by P/E of 55.77, P/B of 2.57.
Tecnoglass analytics rely on periodic company reporting and market reference feeds, with quality checks and normalization applied. Analyst inputs may be included when coverage is available. Valuation outputs are model-derived and depend on published assumptions and reference inputs.
The analysis above is generated by quantitative models and is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an endorsement to buy or sell any security. All investing involves risk, including the possible loss of principal. Consult a qualified financial advisor before making investment decisions. See our Terms of Use for full details.
Financial data referenced in this analysis is derived from publicly available SEC filings, audited financial statements, and third-party market data providers. The intrinsic value estimate is generated by Macroaxis quantitative models that incorporate fundamental analysis, technical indicators, and risk metrics.
The methodology combines multiple analytical inputs:
- Fundamental analysis - financial statements, profitability ratios, debt structure, and cash flow metrics sourced from SEC filings and public financial reports
- Technical indicators - historical price patterns, momentum signals, and volatility measures
- Risk assessment - probability of bankruptcy models, market risk metrics, and downside scenario analysis
- Peer comparison - relative valuation against industry peers using standardized multiples
Model outputs are refreshed periodically as new financial data becomes available. Past model performance is not indicative of future results. The intrinsic value estimate reflects a point-in-time calculation and should be considered alongside other research and professional advice.
Data sourced from SEC filings (EDGAR), public financial statements, and market data providers.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Growth Indicators
A growth thesis around Tecnoglass warrants careful testing because strong valuation often embeds the assumption that the business can keep compounding faster than peers. In practice, growth analysis separates durable compounding from optimism that may already be fully priced in.
| Common Stock Shares Outstanding | 46.68 million | |
| Quarterly Earnings Growth Y O Y | -20.90% | |
| Forward Price Earnings | 15.1515 |
Tecnoglass Current Valuation Indicators
The intrinsic value of Tecnoglass is estimated using multiple approaches, including discounted cash flow analysis, relative valuation multiples, and balance sheet-based methods, each reflecting different assumptions about earnings durability, capital structure, and future cash generation. Enterprise value (TTM) is near 1.9 billion and annual revenue is around 983.61 million. Reported values are derived from company filings, audited financial statements, and market data, and are standardized within Macroaxis quantitative models for consistency. Model outputs reflect a point-in-time estimate based on available data and assumptions and should be interpreted alongside changes in operating performance, market conditions, and forward expectations.