One-glance verdict
Within fair range
$27.36 our estimate vs market $38.51
Wall Street consensus: $55.75 (103.7% higher than our fair-value estimate)
41% above our estimate
Fundamentals snapshot
Tecnoglass Holdings Inc.
TGLS · NYQ · Basic Materials · Building Materials
Current price
$38.51
52-week range
$34.05 - $59.69
Market cap
$1.71B
Balance sheet
Healthy
39.55x Strong cushion
Net debt $140.33M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 6.8% last year.
- Reward Returns 17.0% on equity, ahead of 75% of its peers.
- Risk Operating margin compressed from 32.5% to 12.4% over 3 years.
- Risk Net debt grew 6.0% over 3 years.
What this company does
Tecnoglass Holdings Inc.
Tecnoglass Holdings Inc. makes and installs a lot of the windows, glass, and aluminum products you see in buildings, selling mainly to construction companies in the United States and other countries. Their money comes from selling these building materials, and it matters because their sales show how much building and renovation is happening.
How the company got here
Tecnoglass Holdings Inc. started in 1983, originally as Tecnoglass Inc., and has grown into a significant player in the building materials sector. The company's journey has been marked by strategic expansion and a focus on providing a wide range of glass and aluminum products for construction. A key turning point was its name change to Tecnoglass Holdings Inc. in July 2026, signaling a potential evolution or restructuring of its business. Based in Miami, Florida, Tecnoglass has established a strong presence not only in the United States but also in international markets like Colombia, Panama, and beyond.
What it actually does
Tecnoglass Holdings Inc. is essentially a manufacturer and installer of building components made from glass and aluminum. Think of the large glass windows in office buildings, the sleek storefronts in shopping centers, or the modern glass facades on hotels – Tecnoglass makes and often installs these. They offer a variety of specialized glass, like energy-efficient low-emissivity glass, and durable aluminum profiles that are used to frame these glass elements into complete window and door systems. Their products are designed for both large commercial projects and residential buildings, aiming to enhance aesthetics and functionality.
Architectural Glass
This segment focuses on producing various types of specialized glass used in buildings. This includes glass designed to reflect or transmit heat and light in specific ways (low emissivity), glass that is stronger and safer due to heat treatment (tempered glass), and glass that can be colored or patterned (silk-screened, digital print). These products are crucial for creating energy-efficient, aesthetically pleasing, and safe building exteriors and interiors. This part of the business serves developers and contractors who need high-quality glass for diverse architectural designs.
Windows and Doors
This is a major part of Tecnoglass's business, where they manufacture and supply complete window and door systems. These aren't just your average home windows; they include sophisticated products like hurricane-proof windows designed to withstand severe weather, and large-scale curtain wall systems that form the entire exterior facade of commercial buildings. They also offer interior dividers and specialized commercial display windows. The company sells these systems under various brand names, often directly to distributors or through sales representatives, catering to the needs of hotels, office buildings, and residential complexes.
Aluminum Products
Complementing their glass offerings, Tecnoglass also produces a range of aluminum products. These include aluminum bars, plates, profiles, and tubes, which are essential raw materials for constructing window frames, door frames, and other architectural elements. Marketed under brands like Alutions, these aluminum components are vital for the structural integrity and appearance of the final window and door systems. This segment ensures Tecnoglass has control over key materials needed for its finished products, supporting the broader manufacturing of architectural glass settings.
What management is betting on now
Tecnoglass's management is focused on leveraging its integrated manufacturing capabilities to capture more of the construction market. They are likely emphasizing innovation in their product lines, such as developing more energy-efficient and resilient building materials to meet evolving building codes and consumer demands. Expanding their market reach, particularly in the United States, and potentially increasing their installation services are also probable strategic priorities. The company aims to capitalize on the demand for modern, high-performance building components in both commercial and residential sectors.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$17.78M
FY2024 Q4
$35.44M
FY2025 Q1
$16.47M
FY2025 Q2
$-14.65M
FY2025 Q3
$21.23M
FY2025 Q4
$11.44M
FY2026 Q1
$-10.55M
FY2026 Q2
$-31.00M
Revenue
$295.29M
Net income
$24.55M
Diluted EPS
0.55
Operating cash flow
$4.40M
Free cash flow
$-31.00M
Fetching…
Sources
Revenue
$249.01M
Net income
$31.89M
Diluted EPS
0.71
Operating cash flow
$6.71M
Free cash flow
$-10.55M
Fetching…
Sources
Revenue
$245.30M
Net income
$26.11M
Diluted EPS
0.57
Operating cash flow
$31.01M
Free cash flow
$11.44M
Fetching…
Sources
Revenue
$260.48M
Net income
$47.19M
Diluted EPS
1.01
Operating cash flow
$39.99M
Free cash flow
$21.23M
Fetching…
Sources
Revenue
$5.30K
Net income
$44.08M
Diluted EPS
0.94
Operating cash flow
$17.86M
Free cash flow
$-14.65M
Fetching…
Sources
Revenue
$222.29M
Net income
$42.19M
Diluted EPS
0.90
Operating cash flow
$46.90M
Free cash flow
$16.47M
Fetching…
Sources
Revenue
$239.57M
Net income
$47.02M
Diluted EPS
1.00
Operating cash flow
$61.13M
Free cash flow
$35.44M
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Sources
Revenue
$238.33M
Net income
$49.53M
Diluted EPS
1.05
Operating cash flow
$41.46M
Free cash flow
$17.78M
Fetching…
Sources
Is it cheap or expensive?
Fair value $27.36 vs current price $38.51
Wall Street consensus is the average analyst price target: $55.75 (103.7% higher than our fair-value estimate).
Our most-likely fair value is $27.36 a share — about 28.9% away from today's price of $38.51, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net debt $140.3M. Interest coverage 39.5x.
Net debt
$140.33M
Interest coverage
39.55x
Tecnoglass Holdings Inc.'s profit covers its interest bill about 39.5 times over. which is stronger than every peer shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
TGLS
BASELINE
Tecnoglass Holdings Inc.
Total debt $225.39M Interest coverage 39.55x This is the baseline the peer rows are being compared against.
Total debt $383.22M Interest coverage 6.04x -85% vs TGLS Carries about 6.5x less debt cushion than TGLS.
Total debt $1.43B Interest coverage -0.60x -100% vs TGLS This peer has almost no interest-payment cushion compared with TGLS.
Total debt $842.48M Interest coverage 2.12x -95% vs TGLS Carries about 18.6x less debt cushion than TGLS.
What you should know
The case for and against TGLS
3 Rewards
2 Risks
Rewards
-
Revenue grew 6.8% last year.
-
Returns 17.0% on equity, ahead of 75% of its peers.
-
Free cash flow was positive in 8/10 years.
Risks
-
Operating margin compressed from 32.5% to 12.4% over 3 years.
-
Net debt grew 6.0% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
13.47x
Forward P/E
11.30x
P/B
2.17x
P/S
1.63x
EV/EBITDA
8.33x
PEG ratio
0.51x
Profitability
How much profit each dollar creates
Gross margin
39.6%
Operating margin
12.4%
Net margin
12.4%
ROE
17.0%
ROA
8.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.29x
Current ratio
1.86x
Quick ratio
1.03x
Total debt
$225.39M
Total cash
$85.07M
Growth
How the business has been compounding
Revenue TTM
$1.05B
Revenue 5Y CAGR
18.6%
EPS TTM
2.86
EPS 5Y CAGR
1.4%
Cash flow
How much cash the business throws off
Operating CF TTM
$82.11M
Free CF TTM
$34.49M
FCF margin
3.3%
Dividend
Shareholder payout
Yield
1.6%
Payout ratio
21.0%
Last ex-div date
2026-09-30