Loading…
Spanish engineering group (Grupo TSK) delivering EPC projects for energy transition, digital infrastructure and raw-material handling.
Spanish engineering group (Grupo TSK) delivering EPC projects for energy transition, digital infrastructure and raw-material handling.
Wins engineering, procurement and construction (EPC) contracts, built and handed over for a fixed price and billed as milestones are reached, so margins depend on cost control. After building, it also earns steadier fees operating and maintaining some plants. Based in Asturias, Spain, it works internationally.
In one line: A smaller, diversified Spanish engineering contractor.
Moat: narrow (process know-how, scale). Multi-country EPC track record, but engineering/construction is a competitive, low-margin business.
Headquarters: Gijon, Spain · Founded: 1994 · Employees: 1,538
Size TSK Electronica y Electricidad (TSK.MC) is a Spain Industrials company (Engineering & Construction) with a market value of $831M, the 71st largest of 97 Spain companies the cockpit tracks. Shares closed at €6.18 on 6 Nov 2026.
Performance Over six months the shares gained 10.4%, against -20.2% for the median peer and +8.2% for the Spain market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 0.9% over the last twelve months (peer median +2.0%); the operating margin is 6.1% (peer median 8.7%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.6× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.5 points above its cost of capital (14.6% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | €1.03B | €1.02B | €1.26B |
| Revenue growth | — | +1% | -19% | — |
| Gross profit | n/a | €216M | €190M | €199M |
| EBITDA | n/a | €65.2M | €54.1M | €51.2M |
| Net income | n/a | €33.4M | €19.0M | €31.1M |
| Free cash flow | n/a | €54.8M | -€143M | -€168M |
| Capital expenditure | n/a | €1.59M | €2.95M | €2.43M |
| Total debt | n/a | €320M | €312M | €285M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| TSK Electronica y Electricidad TSK.MC | $831M | +10% | +1% | 6% | 0.6× | 9.9% |
| Elecnor ENO.MC | $2.76B | -30% | +7% | 4% | 0.5× | -4.9% |
| ACS, Actividades de Construccion y Servicios ACS.MC | $26.0B | -37% | +10% | 3% | 0.5× | -2.6% |
| Acciona ANA.MC | $13.4B | -16% | +8% | 6% | 1.1× | 8.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TSK.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -8.1% | 5th lowest of 21 |
| 6-month return | +10.4% | -20.2% | 5th highest of 21 |
| Distance from 52-week high | -22.5% | -34.8% | 6th highest of 21 |
| Revenue growth (TTM) | +0.9% | +2.0% | 10th lowest of 21 |
| Operating margin | 6.1% | 8.7% | 8th lowest of 21 |
| EV / Sales | 0.6× | 1.6× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 7.6% | 6th least demanding of 11 |
| Growth delivered (Del g) | +0.9% | +5.1% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | +9.0 pp | +3.4 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +10.5 pp | -2.1 pp | 4th highest of 20 |
| EV / EBITDA | 9.7× | 7.5× | 5th most expensive of 11 |
| Net debt / EBITDA | -1.7× | -0.8× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TSK Electronica y Electricidad TSK.MC | Spain | $831M | +10% | +1% | 6% | 0.6× | 9.9% | +0.9% |
| Falcon's Beyond Global FBYD | United States | $831M | -41% | +181% | -67% | 39.8× | n/a | n/a |
| Chongqing Road & Bridge 600106.SS | China | $821M | -31% | -10% | 65% | 50.3× | 32.7% | -11.6% |
| Totetsu Kogyo 1835.T | Japan | $841M | -30% | 0% | 11% | 0.7× | -11.6% | +4.2% |
| Afcons Infrastructure AFCONS.NS | India | $841M | -36% | -15% | 4% | 1.1× | n/a | n/a |
| Shanghai Research Institute of Building Sciences 603153.SS | China | $820M | -22% | +10% | 8% | 0.9× | -6.2% | +12.6% |
| China Nerin Engineering 603257.SS | China | $851M | -21% | -21% | 10% | 2.0× | 15.4% | +5.6% |
| Shin Nippon Air Technologies 1952.T | Japan | $803M | -25% | +11% | 9% | 0.7× | 1.3% | +7.6% |
| Shenzhen Investment Holdings Bay Area Development 0737.HK | Hong Kong | $803M | -4% | +11% | 30% | 13.3× | 14.6% | -2.4% |
| G R Infraprojects GRINFRA.NS | India | $803M | -21% | +25% | 16% | 0.8× | n/a | n/a |
| Xinjiang Beixin Road & Bridge 002307.SZ | China | $861M | -19% | -22% | 8% | 4.5× | n/a | n/a |
| Beijing New Space Technology 605178.SS | China | $861M | -18% | 0% | -51% | 16.8× | n/a | n/a |
| Next Geosolutions Europe NXT.MI | Italy | $861M | +22% | +68% | 17% | 2.4× | n/a | n/a |
| Shanghai Urban Architecture Design 300983.SZ | China | $866M | +5% | -7% | -58% | 29.5× | n/a | n/a |
| Shenzhen Tagen 000090.SZ | China | $883M | -11% | +1% | 0% | 0.8× | 13.8% | +5.6% |
| Ningbo Construction 601789.SS | China | $885M | -34% | +10% | 2% | 0.6× | n/a | n/a |
| Costain COST.L | United Kingdom | $890M | +30% | -6% | 5% | 0.5× | 0.1% | +1.3% |
| GR Engineering Services GNG.AX | Australia | $891M | +40% | +3% | 11% | 2.5× | 14.9% | +4.7% |
| Taihei Dengyo Kaisha 1968.T | Japan | $899M | -22% | +19% | 11% | 0.9× | n/a | n/a |
| I.CO.P ICOP.MI | Italy | $901M | -6% | +138% | 11% | 2.4× | n/a | n/a |
| GRK Infra GRK.HE | Finland | $903M | +30% | -7% | 8% | 0.8× | -1.5% | +24.6% |