Talgo (TLGO.MC) Stock Price

Talgo Price

Euronext·CLOSED
2.44
+0.0100 (+0.41 %)
Market closed

Revenue has compounded at 3.9% per year over the past 14 years to 618.20 M EUR. Earnings per share have declined at 12.9% per year over the last 10 years. Talgo's net margin stands at -15.9%, down from 5.0% several years earlier. Talgo currently offers a dividend yield of about 3.81%. The payout ratio is around 82% of earnings. The dividend has grown at 4.7% per year over the past 6 years. Analysts set a median price target of 3.62 EUR, implying 48.4% above the current price. Of 13 analysts, 1 rate the stock a buy — an overall Sell consensus.

Talgo stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Talgo over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Talgo stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Talgo's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Talgo Stock Price History
DateTalgo Price
9/25/20262.44 EUR
9/24/20262.43 EUR
9/23/20262.47 EUR
9/22/20262.49 EUR
9/21/20262.49 EUR
9/18/20262.52 EUR
9/17/20262.52 EUR
9/16/20262.52 EUR
9/15/20262.53 EUR
9/14/20262.55 EUR
9/11/20262.52 EUR
9/10/20262.56 EUR
9/9/20262.61 EUR
9/8/20262.62 EUR
9/7/20262.67 EUR
9/4/20262.66 EUR
9/3/20262.65 EUR
9/2/20262.69 EUR
9/1/20262.69 EUR
8/31/20262.70 EUR
8/28/20262.72 EUR
8/27/20262.70 EUR
8/26/20262.69 EUR
8/25/20262.70 EUR
8/21/20262.71 EUR
8/20/20262.68 EUR
8/19/20262.70 EUR
8/18/20262.70 EUR
8/17/20262.71 EUR
8/14/20262.73 EUR
Access this data via the Eulerpool API

Talgo Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
652.00 M EUR
58.97 M EUR
13.69 M EUR
Jan 1, 2024
669.22 M EUR
-83.03 M EUR
-106.07 M EUR
Jan 1, 2025
618.20 M EUR
-56.30 M EUR
-98.19 M EUR
Jan 1, 2026 (e)
737.01 M EUR
34.30 M EUR
1.33 M EUR
Jan 1, 2027 (e)
837.19 M EUR
49.74 M EUR
12.09 M EUR
Jan 1, 2028 (e)
958.28 M EUR
63.71 M EUR
21.50 M EUR
Jan 1, 2029 (e)
977.50 M EUR
62.37 M EUR
20.89 M EUR
Jan 1, 2030 (e)
1.01 B EUR
2.68 M EUR
0.00 EUR

Talgo Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 25, 2026, 6:56 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.520.580.380.320.400.490.560.470.650.670.620.740.840.960.981.01
35.4211.35-33.68-15.6323.7721.4513.96-15.5038.812.76-7.6219.2613.5714.461.983.48
32.3127.9836.2033.6426.1810.0615.8655.8623.8118.684.054.054.054.054.054.05
168.00162.00139.00109.00105.0049.0088.00262.00155.00125.0025.0029.8133.8638.7539.5240.90
80.0087.0059.0032.0050.00-3.0041.0026.0058.00-83.00-56.0034.0049.0063.0062.002.00
15.3815.0315.369.8812.47-0.627.395.548.91-12.41-9.064.615.856.586.350.20
59.0061.0034.0017.0038.00-17.0027.001.0013.00-106.00-98.001.0012.0021.0020.00–
55.263.39-44.26-50.00123.53-144.74-258.82-96.301,200.00-915.38-7.55-101.021,100.0075.00-4.76–
––0.07––––0.080.09––0.110.120.14––
––––––––12.50–––9.0916.67––
136.83136.83136.56135.77125.33122.92122.89123.02121.14122.90125.56125.56125.56125.56125.56125.56
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Talgo generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Talgo retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Talgo's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Talgo has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Talgo's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Talgo stock margins

The Talgo margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Talgo. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Talgo.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
15.91 %
7.46 %
4.96 %
Jan 1, 2022
55.85 %
5.64 %
0.31 %
Jan 1, 2023
23.82 %
9.04 %
2.10 %
Jan 1, 2024
18.73 %
-12.41 %
-15.85 %
Jan 1, 2025
4.11 %
-9.11 %
-15.88 %
Jan 1, 2026 (e)
4.11 %
4.65 %
0.18 %
Jan 1, 2027 (e)
4.11 %
5.94 %
1.44 %
Jan 1, 2028 (e)
4.11 %
6.65 %
2.24 %

Talgo Stock Revenue, EBIT, Earnings per Share

The Talgo earnings per share therefore indicates how much revenue Talgo has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
4.52 EUR
0.34 EUR
0.22 EUR
Jan 1, 2022
3.81 EUR
0.22 EUR
0.01 EUR
Jan 1, 2023
5.38 EUR
0.49 EUR
0.11 EUR
Jan 1, 2024
5.45 EUR
-0.68 EUR
-0.86 EUR
Jan 1, 2025
4.92 EUR
-0.45 EUR
-0.78 EUR
Jan 1, 2026 (e)
6.00 EUR
0.27 EUR
0.01 EUR
Jan 1, 2027 (e)
6.81 EUR
0.40 EUR
0.10 EUR
Jan 1, 2028 (e)
7.80 EUR
0.51 EUR
0.17 EUR

Talgo business model & stock analysis

Talgo SA is a Spanish company that was founded in 1942 by engineer José Luis Oriol. The headquarters of Talgo are located in Las Rozas, a suburb of Madrid. Talgo is primarily an engineering and technology company specializing in the development and manufacturing of railway technology and equipment. The business model of Talgo is based on the development and production of trains and rail vehicles that offer high speeds and comfort. Talgo works closely with customers, governments, and railway operators to develop customized solutions for their specific requirements. Talgo's product range includes a variety of trains, from classic locomotives to high-speed trains. Some of the most well-known Talgo products are the Talgo 250, Talgo Avril, Talgo XXI, and Talgo Vittoria. These trains are known for their technical innovations and excellent performance. Talgo is divided into various business areas. The "High-Speed Trains" business area develops and produces trains that reach high speeds, such as the Talgo Avril, which can travel up to 330 km/h. The "Regional Train" area produces trains for local and commuter traffic, such as the "Intercity" trains in Spain. The "Freight Train" area produces special wagons and locomotives for freight transport. Talgo also develops and produces special trains for use in the defense industry. In recent years, Talgo has established a strong presence in the international market. The company has produced trains for countries such as Italy, Germany, Russia, Kazakhstan, and Saudi Arabia. In 2019, Talgo received an order from the Spanish government to build trains for train traffic between Spain and France. Innovation and technology are an important part of Talgo's business strategy. The company has filed several patents for innovative technologies related to trains and rail vehicles. Talgo has also developed the Talgo patent, a technology that allows trains to operate at higher speeds and with lower energy consumption. Talgo also operates research and development centers in Spain and the United States. These centers work on the development of new technologies and products for the railway sector. Talgo also collaborates with various universities and research institutions to support railway-specific research projects. In summary, Talgo is a leading company in the field of railway technology and equipment. With a wide product portfolio and a strong international presence, Talgo will continue to drive the growth of the railway industry and develop groundbreaking technologies and products.

Talgo SWOT Analysis

Strengths

Talgo SA, a leading global provider of high-speed trains and rolling stock maintenance services, possesses several key strengths that contribute to its competitive advantage in the market. Firstly, the company excels in the development and manufacturing of lightweight trains, which offer fuel efficiency and reduced environmental impact compared to traditional trains. This expertise in lightweight design allows Talgo to deliver cost-effective and sustainable transportation solutions.

Secondly, Talgo has a strong track record of technological innovation, constantly pushing the boundaries of train technology. This continuous focus on research and development enables the company to offer cutting-edge features, such as energy recovery systems, advanced safety measures, and improved passenger comfort. These technological advancements enhance the overall appeal and competitiveness of Talgo's products.

Additionally, Talgo's extensive experience in the maintenance and repair of rolling stock is a significant strength. The company has established a solid reputation for providing high-quality maintenance services, ensuring the reliability and longevity of its trains. This expertise in after-sales support enhances customer satisfaction and fosters long-term relationships with clients.

Furthermore, Talgo's global presence and diverse customer base contribute to its strength. The company operates in various countries and serves a wide range of clients, including national railway operators, private companies, and public entities. This geographical and customer diversification mitigates the risk of dependency on a single market or client, providing stability and growth opportunities.

Weaknesses

Despite its numerous strengths, Talgo also faces certain weaknesses that could hinder its growth prospects. One notable weakness is the company's relatively smaller size compared to some of its competitors. This may limit Talgo's resources and ability to invest in large-scale projects or undertake extensive marketing campaigns.

Additionally, Talgo's dependency on a few key suppliers for critical components poses a potential risk to its supply chain. Any disruption or issues with these suppliers could result in production delays or increased costs, negatively affecting Talgo's operations and delivery schedules.

Moreover, the high upfront costs associated with train manufacturing and infrastructure development can act as a barrier to entry for potential customers. This might limit Talgo's market reach and potential customer base, especially in regions with limited financial resources or uncertain political and economic environments.

Opportunities

Talgo SA operates in an industry with several promising opportunities that it can leverage to its advantage. Firstly, the global trend towards sustainable and environmentally friendly transportation solutions presents an opportunity for Talgo to further promote its lightweight trains, which offer energy efficiency and reduced emissions. By aligning its products with this growing demand for sustainable mobility, Talgo can tap into new market segments and cater to environmentally conscious customers.

Secondly, the increasing investment in railway infrastructure, particularly in emerging economies, creates a favorable business environment for Talgo. As governments and private entities seek to enhance their rail networks, the demand for new trains and rolling stock maintenance services is expected to rise. By expanding its presence in these emerging markets, Talgo can capitalize on this opportunity and establish itself as a key player.

Furthermore, Talgo can explore partnerships and collaborations with other industry players to enhance its technological capabilities and market reach. Strategic alliances with leading technology firms or railway operators can enable Talgo to stay at the forefront of innovation, drive joint research projects, and access new markets more effectively.

Threats

Despite its strengths and opportunities, Talgo also faces certain threats that could pose challenges to its business. One major threat is the intense competition within the global railway industry. Numerous established players and new entrants offer similar products and services, increasing price competition and potentially affecting Talgo's market share and profitability.

Additionally, economic fluctuations and geopolitical uncertainties in different regions can impact infrastructure investment decisions, potentially leading to delays or cancellations of projects that could have benefited Talgo. Such unpredictability in demand and project timelines can affect revenue streams and overall business performance.

Moreover, stringent regulatory requirements and compliance standards in the railway industry can pose challenges for Talgo. Adapting to evolving safety and environmental regulations, certification processes, and international trade agreements requires significant financial resources and expertise.

Lastly, changing customer preferences and evolving technologies could render Talgo's existing products less attractive or outdated. To mitigate this threat, the company needs to continuously invest in research and development, adapt its offerings to meet evolving market demands, and stay ahead of technological advancements.

Talgo Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Talgo historical P/E ratio, EBIT multiple, and P/S ratio

Talgo annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down Talgo's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in Talgo's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Talgo's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Talgo shares outstanding

The number of shares of Talgo was 125.56 M in 2025. This indicates how many shares Talgo is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
122.89 M Stocks
Jan 1, 2022
123.02 M Stocks
Jan 1, 2023
121.14 M Stocks
Jan 1, 2024
122.90 M Stocks
Jan 1, 2025
125.56 M Stocks
Jan 1, 2026 (e)
125.56 M Stocks
Jan 1, 2027 (e)
125.56 M Stocks
Jan 1, 2028 (e)
125.56 M Stocks

Talgo Dividend History

3 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20230.09EUR↑ 22.6%1×
20220.08EUR↑ 7.4%1×
20170.07EUR—1×

Talgo dividend payout ratio

In 2025, Talgo had a payout ratio of 364.39%. The payout ratio indicates the percentage of the company's profits that Talgo distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
360.69 %
Jan 1, 2022
647.42 %
Jan 1, 2023
82.28 %
Jan 1, 2024
363.47 %
Jan 1, 2025
364.39 %
Jan 1, 2026 (e)
983.93 %
Jan 1, 2027 (e)
124.53 %
Jan 1, 2028 (e)
80.35 %

Current Talgo forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
7.69 % (1)
Hold
38.46 % (5)
Sell
53.85 % (7)
12M Price Target
3.62
Last Price
2.44
Currency
EUR
12M Return Potential
48.40 %
LTM Return
-12.23 %

Talgo Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/21/2026-EUR-0.19EUR370.00 MEUR-2026 Q2
5/25/2026-EUR-352.06 MEUR-2026 Q1
2/27/2026-EUR-0.29EUR348.11 MEUR-2025 Q4
7/30/2024-EUR0.12EUR117.50 MEUR-2024 Q2
5/8/2024-EUR-117.50 MEUR-2024 Q1
2/29/2024-EUR0.05EUR117.50 MEUR-2023 Q4
11/20/2023-EUR-117.50 MEUR-2023 Q3
7/27/20230.05EUR0.05EUR117.50 MEUR-2023 Q2
4/21/2023-0.01EUR-117.50 MEUR-2023 Q1
11/10/20220.07EUR0.03EUR-EUR-2022 Q3

EESG©

Eulerpool ESG Scorecard© for the Talgo stock

71/100
67
Environment
99
Social
47
Governance
E

Environment

Scope 1 - Direct Emissions1,362
Scope 2 - Indirect emissions from purchased energy629
Scope 3 - Indirect emissions within the value chain43,811.75
Total CO₂ emissions1,991
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

Percentage of female employees13.28
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Talgo shareholder structure

% Name
40.34167%
Pegaso Transportation International, S.C.A.
Pegaso Transportation International, S.C.A.
5.07924%
Torrente Blasco (Ana Patricia)
Torrente Blasco (Ana Patricia)
2.09306%
Goldman Sachs Asset Management International
Goldman Sachs Asset Management International
1.57051%
Amundi Asset Management, SAS
Amundi Asset Management, SAS
1.08796%
GLS Investment Management GmbH
GLS Investment Management GmbH
0.70530%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.

Talgo Beneficial Ownership Filings (SEC 13D/G)

Free Float
49.9%
Float Shares
66.91 M
Shares Outstanding
134.07 M

Talgo Executives and Management Board

11 members · avg. age 63 · 36 % women

Management

GA

Mr. Gonzalo Pedro Urquijo Fernandez De Araoz (63)

Chief Executive Officer, Executive Director · since 2021

–
AE

Mr. Alvaro Segura Echaniz

Chief Financial Officer

–
EG

Ms. Elena Moral Grande

Chief Operating Officer

–
YG

Ms. Yolanda Juanas Garrido

Chief Human Resources Officer

–

Board of Directors

CO

Mr. Carlos De Palacio Y Oriol

Executive Chairman of the Board · since 2002

525,000.00 EUR
AO

Mr. Antonio Oporto del Olmo

External Independent Director

120,000.00 EUR
MG

Ms. Marisa Poncela Garcia

External Independent Director

110,000.00 EUR
FA

Mr. Fernando Aznar Alonso

CEO of Talgo Inc., Director - Commercial Services

–
RE

Mr. Rafael Jose Sterling Echevarrieta

Director - Business Development

–
MP

Ms. Maria Jose Zueco Pena

Secretary of the Board, Independent Director · since 2015

–

Talgo Supply Chain

Talgo Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
8 companies
#NameTrend
1
Gabriel India
Supplier·IN
-0.73
0.51
0.11
0.84
0.61
0.66
2
Semcon
Supplier·Customer·Professional Services·SE
-0.63
0.33
-0.48
0.39
0.31
0.62
3
Zhuzhou Times New Matls A
Supplier·Chemicals·CN
-0.42
-0.82
0.64
0.80
0.43
0.58
4
Repsol
Supplier·Customer·Oil, Gas & Consumable Fuels·ES
-0.25
-0.07
-0.72
-0.78
-0.60
0.44
#NameTrend
1
Hexagon Purus
Supplier·Machinery·NO
-0.62
0.26
-0.38
-0.72
-0.38
—
2
Nanjing Kangni Mechanical A
Supplier·Machinery·CN
0.07
-0.65
0.63
0.60
0.45
-0.48
3
Ballard Power Systems
Supplier·Electrical Equipment·CA
-0.58
0.81
0.71
0.52
0.47
-0.06
4
Knorr-Bremse
Supplier·Machinery·DE
-0.26
0.74
0.79
0.90
0.66
0.02

Frequently asked questions about Talgo

Talgo SA is a Spanish company which specializes in manufacturing and maintaining railway vehicles. The company's business model revolves around offering innovative and high-quality rolling stock solutions to clients in the railway sector. Talgo SA designs, manufactures, and services a wide range of trains, including high-speed trains, commuter trains, and freight trains. With a focus on lightweight technology and energy efficiency, Talgo SA aims to provide reliable and sustainable transportation solutions. The company's expertise in engineering and innovation, combined with its global presence, positions Talgo SA as a leading player in the railway industry.

Talgo SA is primarily active in the railway industry.

The main competitors of Talgo SA in the market include prominent companies such as Siemens Mobility, Alstom SA, and Bombardier Transportation. These companies operate in the same sector and offer similar products and services to the railway industry. Talgo SA competes with these industry players through its unique technological advancements, customer-focused approach, and global presence. As a leading manufacturer of high-speed trains, Talgo SA continually strives to differentiate itself from its competitors by delivering innovative solutions and maintaining a strong market position.

Founded in 1942, Talgo SA is a globally recognized Spanish manufacturer of rolling stock, specializing in the design, manufacturing, and maintenance of innovative high-speed trains. With over 75 years of experience, Talgo has established itself as a leader in the rail transport industry. The company has successfully developed and implemented cutting-edge technologies, such as the Talgo Pendular System, which enhances safety, comfort, and efficiency in train travel. Talgo's strong commitment to research and development has enabled it to secure partnerships and contracts worldwide. Their dedication to quality and customer satisfaction has positioned Talgo as a trusted and renowned brand in the global rail transportation sector.

Some significant milestones achieved by Talgo SA include successfully developing and manufacturing high-speed trains and locomotives, establishing a strong presence in the international market, and winning notable contracts and tenders. Talgo SA has expanded its operations globally, collaborating with renowned transportation companies and has continually worked towards enhancing its technological capabilities. Furthermore, the company has attained recognition for its innovative designs and energy-efficient solutions in the rail industry. Talgo SA's commitment to providing sustainable and reliable transportation systems has contributed to its growth and reputation as a leading player in the global rail market.

Talgo SA is primarily present in Spain, where it is headquartered, and has a strong presence across Europe. It is known for its extensive manufacturing operations in countries such as Germany, Kazakhstan, Russia, Saudi Arabia, and the United Kingdom. With a focus on innovative railway solutions, Talgo SA has expanded its reach to various regions worldwide, including the Americas, Asia, and the Middle East. The company's global presence allows it to offer its cutting-edge rolling stock technology and maintenance services to clients across different markets and geographies.

Talgo SA is a renowned company that represents a strong set of values and corporate philosophy. With a focus on innovation and excellence, Talgo SA strives to deliver cutting-edge solutions in the railway industry. The company emphasizes sustainability and environmental responsibility, aiming to reduce the carbon footprint of its operations. Talgo SA is committed to providing safe and efficient transportation solutions, improving connectivity and enhancing passenger experience. With a customer-centric approach, the company emphasizes collaboration and adaptability to meet diverse needs. Talgo SA's dedication to quality, reliability, and customer satisfaction sets it apart in the market, making it a trusted name in the railway industry.

Analysts currently set an average price target of 3.60 EUR for the Talgo stock (median: 3.62 EUR), implying +48.0 % versus the latest price. The consensus is based on 13 analyst ratings.

13 analysts currently rate the Talgo stock: 1 recommend buying, 5 holding and 7 selling. For 2026, analysts expect Talgo to generate revenue of 737.01 M EUR and earnings per share of 0.01 EUR.

The Talgo share (TLGO.MC) is listed on 7 stock exchanges, including: London (0R99.L), Frankfurt (XTG.F), München (XTG.MU), Düsseldorf (XTG.DU), Madrid (TLGO.MC).

Talgo SA is a Spanish company specializing in the development and manufacturing of rail vehicles. The company was founded in 1942 and has since become one of the leading providers in the rail transport sector. The company's main business consists of manufacturing high-speed trains, which include a range of innovations and technologies that allow them to travel at high speeds over long distances. The company offers various models of high-speed trains, including EMU 250, Series 7, or AVE, all of which have been specifically designed for different speeds, distances, and infrastructures. Talgo SA also has a division for maintenance and repair of rail vehicles. In collaboration with leading railway companies worldwide, Talgo SA provides its customers with a complete solution and offers a 24/7 service, ensuring no operational time is lost. In addition to high-speed trains and maintenance services, Talgo SA also offers rail trains for regional passenger transport. The trains are specifically tailored to the needs of commuters and have been designed to provide a smooth and comfortable ride. These trains are particularly popular in Spain but also in other European countries. Talgo SA's business model is designed to offer innovative products and services that meet the needs and requirements of customers. Talgo SA's customers come from various sectors of the rail transport industry, ranging from public transport to private railway companies. By focusing on customer needs and applying innovative technologies, the company has been able to steadily increase its market share in recent years. Talgo SA has also built a strong international presence, particularly in the European market, where it competes with other leading rail transport companies. Through partnerships and collaborations with other companies and organizations, Talgo SA has been able to expand its reach and showcase its products and services worldwide. In summary, Talgo SA is a leading provider of rail vehicles and services that focuses on the needs and requirements of its customers. The company offers a wide range of products and services that are capable of meeting the needs of customers in various sectors of the rail transport industry. Thanks to its innovative products and services, the company has established a solid position in the rail transport market and will continue to play an important role in the rail transport industry in the future.

The expected revenue of Talgo is 737.01 M EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Talgo is 1.33 M EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Talgo is currently 229.80. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Talgo stock.

The price-to-sales ratio (P/S) of Talgo is currently 0.42. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Talgo stock.

The Eulerpool Quality Score for Talgo is 2/10.

The ISIN of Talgo is ES0105065009. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Talgo is A14SE5. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Talgo is TLGO.MC. The ticker symbol is used to trade Talgo shares on the stock exchange.

Over the past 12 months, Talgo paid a dividend of 0.09 EUR . This corresponds to a dividend yield of about 3.81 %. For the coming 12 months, Talgo is expected to pay a dividend of 0.12 EUR.

The current dividend yield of Talgo is 3.81 %.

Talgo paid dividends every year for the past 0 years.

For the upcoming 12 months, dividends amounting to 0.12 EUR are expected. This corresponds to a dividend yield of 5.04 %.

Talgo is assigned to the 'Industry' sector.

To receive the latest dividend of Talgo from 9/15/2023 amounting to 0.09 EUR, you needed to have the stock in your portfolio before the ex-date on 7/7/2023.

The last dividend was paid out on 9/15/2023.

In the year 2023, Talgo distributed 0.09 EUR as dividends.

The dividends of Talgo are distributed in EUR.

Fair ValueTerminal
2.19 EUR
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Machinery
Number of shares
Employees
Revenue per Employee
231,709.15 EUR
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website talgo.com
Country
Currency
EUR
Initial public offering
May 7, 2015
ISIN
ES0105065009
Cusip
E9010P108
Sedol
BX9C1J3
Market capitalization
298.66 M EURMicro Cap
52-Week Range
2.43–3.16EUR
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
-0.03
P/E ratio
P/Ee 2026
224.03
P/Ee 2027
24.71
P/Ee 2028
13.89
P/Ee 2029
14.29
P/Ee 2030
—
P/S
P/Se
0.41
EV/EBIT
—
P/B Ratio
1.34
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
-15.16 %
Gross Margin
4.11 %
EBIT Margin
-9.11 %
Net Margin
-15.88 %
EPS (Earnings Per Share)
-0.78 EUR
Net Debt / EBIT
-3.52
Debt/Equity
1.90
Dividend
Dividend yield
0.00 %
Est. Dividend Yield
4.39 %
Payout Ratio
364.39 %
Dividend growth Ø5Y
—
Dividend payments per year
1
Dividend paid since
0 years
Dividend not reduced since
0 years
Dividend increased since
0 years
Dividend withholding tax
19.00 %
Last updated Sep 25, 2026, 6:56 PM

Talgo Ticker

BME · TLGO.MCDÜSSELDORF · XTG.DUEURONEXT · TLGO.MCFRANKFURT · XTG.FLONDON · 0R99.LMADRID · TLGO.MCMUNICH · XTG.MU

Talgo FIGI

TLGO:SM · BBG008LH5513TLGO:SQ · BBG008LNBYZ3XTG:GR · BBG008N12Q86XTG:GF · BBG008N12Q95XTG:GD · BBG008N12QB2XTG:GS · BBG008N12QD0XTG:GM · BBG008N12QF8XTG:GB · BBG008N12QG7TLGOE:IX · BBG008N1GVC5TLGOE:EB · BBG008N1GVN3TLGOE:L3 · BBG008N1L5Z1TLGOE:B3 · BBG008N1L714

All fundamentals and in-depth analysis of Talgo

Our stock analysis for Talgo stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Talgo. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.