Deep Value: cash covers more than 100% of the stock price

This company holds roughly $5.6B in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Technip Energies N.V.

TE.PA

Oil & Gas Equipment & Services · Energy

Price

€29.72

-0.46 (-1.52%)

Market Cap

€5.15B

Exchange

Euronext Paris

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Exceptional

Stability

Strong

Valuation

Strong

Dividends

Mixed

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Share count falling — buybacks

−1.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 180.3M (2021) → 178.5M (2025)

Winston Score History

The full picture

Technip Energies is an engineering and technology company that helps energy companies design and build large, complex industrial facilities. Its main products and services include engineering for liquefied natural gas (LNG) plants, hydrogen production units, petrochemical facilities, and offshore energy infrastructure. The company works with major oil and gas producers, national energy companies, and industrial clients around the world.

Technip Energies makes money by winning large contracts to plan, design, and manage the construction of these facilities, earning fees tied to project milestones. It operates globally, with a strong presence in Europe, the Middle East, Asia, and the Americas, and generates roughly $7 billion in annual revenue. The company's competitive edge comes from deep technical expertise and a portfolio of proprietary technologies, particularly in LNG — a market seeing strong long-term demand. The main risk is that its business depends heavily on large project awards, which can be delayed or canceled when energy prices fall or clients cut capital spending.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-48.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€64M/ year

↓ Declining (-12% vs prior year)

0.9% of revenue

In line with sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

25.1%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

€4.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Technip Energies N.V. is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

6.2%

Thin — 6.2% gross margin

Profit after running costs

Operating Margin

1.8%

Thin — 1.8% operating margin

Return on the money invested

ROCE

12.2%

Good — 12.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+20.5%

Fast-growing sales (+20.5% YoY)

Profit growth

EPS YoY

-23.7%

Earnings shrinking (-23.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

326%

Turns 326% of profit into real cash

Spare cash per sale

FCF Margin

12.1%

Converts sales into free cash efficiently (12.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.68

Moderate — manageable debt (0.68)

Covers its interest

Interest Cover

9.36x

Comfortably covers interest (9.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

11.8x

Attractive valuation — P/E 11.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+2.8

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend

Dividend Yield

3.31%

Moderate income — 3.31% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

N/A

Data not available

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