TGLS
Tecnoglass Inc.
TGLS's fundamentals are weak and it looks expensive: trading at 21x earnings, above its usual 14x. Analysts expect earnings growth, though they disagree widely on how much.
TGLS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Weak | |
| Healthy |
TGLS's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is weak.
TGLS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $24.88 | -46% |
| Fair | 14x | $31.66 | -31% |
| Forward | 15x | $45.87 | — |
| Expensive | 21x | $47.47 | +3.5% |
| Current | 21x | $45.87 | — |
Historical ranges are pointers, not guarantees.
TGLS's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its fair range.
TGLS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TGLS, with profitability holding steady. However, they disagree widely on these estimates.
TGLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.15 | +42% |
| Q3 2026 | $2.21 | -43% |
| Q2 2026 | $2.84 | -27% |
| Q1 2026 | $3.23 | -13% |
| Q4 2025 | $3.42 | -0.3% |
| Q3 2025 | $3.85 | +20% |
| Q2 2025 | $3.89 | +25% |
| Q1 2025 | $3.70 | +6.6% |
| Q4 2024 | $3.43 | -11% |
TGLS's earnings per share have fallen from their peak: $2.21 over the past year, against $4.25 in mid-2023.
TGLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $310.6M | +19% |
| Q2 2026 | $295.3M | +16% |
| Q1 2026 | $249M | +12% |
| Q4 2025 | $245.3M | +2.4% |
| Q3 2025 | $260.5M | +9.3% |
| Q2 2025 | $255.5M | +16% |
| Q1 2025 | $222.3M | +15% |
| Q4 2024 | $239.6M | +23% |
TGLS's revenue has grown year over year for nine quarters in a row: $311M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -15 points |
| Q2 2026 | 12% | -12 points |
| Q1 2026 | 18% | -8.6 points |
| Q4 2025 | 18% | -9.8 points |
| Q3 2025 | 25% | -3.3 points |
| Q2 2025 | 24% | +0.7 points |
| Q1 2025 | 27% | +5.4 points |
| Q4 2024 | 28% | +2 points |
TGLS's operating margin was 10% last quarter, down 15 points from the same quarter a year ago, near the bottom of its range since 2019.
TGLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$44.5M | -310% |
| Q2 2026 | -$31M | -$16.3M |
| Q1 2026 | -$10.5M | -164% |
| Q4 2025 | $11.4M | -68% |
| Q3 2025 | $21.2M | +19% |
| Q2 2025 | -$14.7M | -203% |
| Q1 2025 | $16.5M | -30% |
| Q4 2024 | $35.4M | +24% |
TGLS's free cash flow has turned negative after years in the green: −$75M over the past year.
TGLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -5.3% | -2.5M shares |
| 3 years | -6.8% | -3.2M shares |
| 5 years | -6.9% | -3.3M shares |
| Available history | -0.2% | -99.3K shares |
TGLS has 44M diluted shares, down 5.3% from a year ago, with $104M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $9,000 |
| Q2 2026 | $5,000 |
| Q1 2026 | $16.5M |
| Q4 2025 | $87.6M |
| Q3 2025 | $30M |
| Q2 2025 | $215,000 |
| Q1 2025 | $124,000 |
| Q4 2024 | $275,000 |
TGLS spent $104M buying back its own shares over the past year, about three times what it spent the year before.
TGLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
TGLS's net debt is about a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
TGLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.0 | Neutral |
| Stochastic | 60.8 | Neutral |
TGLS's weekly RSI is 59 (neutral) and its Stochastic is 61 (neutral).
TGLS PE vs Basic Materials Sector
| Metric | TGLS | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 19x | 12% above |
| PE % | 80 | 40 | 40 pts above |
TGLS is trading at 21x earnings, a 12% premium to the Basic Materials sector's median of 19x.
TGLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.0 | 17% above |
| 20 week MA | $41.0 | 12% above |
| 50 week MA | $44.3 | 3.5% above |
| 100 week MA | $58.1 | 21% below |
| 200 week MA | $53.4 | 14% below |
TGLS has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 14% below its 200-week average.
TGLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.99 | $7.10 | -11% |
| 2021 | $7.10 | $27.3 | +284% |
| 2022 | $27.3 | $30.2 | +11% |
| 2023 | $30.2 | $45.7 | +51% |
| 2024 | $45.7 | $82.0 | +79% |
| 2025 | $82.0 | $51.4 | -37% |
| 2026 YTD | $51.4 | $45.9 | -11% |
TGLS has finished higher in four of the last six years, three of them by more than 50%. It's down 11% so far in 2026.