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Russell 2000 Futures
Ternium S.A. (TXR.BA)
Buenos Aires - Buenos Aires Delayed Price. Currency in ARS
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At close: 4:50PM ART
342 reactions on $TXR.BA conversation
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Share buybacks and a quarterly dividend would do wonders for this stock if their earnings estimates are correct. Maybe when they report on 11/02/2021 we will get an idea of what they plan to do with all their excess cash.
Seems like a TON of Value in TX. Are we missing something?
I see the 3rd quarter estimated earnings per share are now at 4.97 whereas they were at about 3.50. I did not understand why anyone thought that with the price of steel and a new plant in operation that earnings would go down. Now they quietly change and now we dont have as great a earnings beat. This stock gets no respect. Maybe if they began a quarterly dividend based on earnings they could generate some interest. Other steel companies will report giant earnings but they have huge debt compared to TX.
Question for you all. TX produces steel and mines ore. From what I’ve read about TX, most of the ore they mine is sold inter company so dropping ore prices should not effect the bottom line. This is much like CLF’s model. They sound vertically integrated and that’s good no?
TX has very little debt, very low PE and they pay a decent dividend.
Why shouldn’t I buy this stock???
Thanks in advance.....
When I look at their superb financials, consistent quarterly beats and NORMAL price appreciation over the last year, I think this may be the most oversold stock I’ve seen in a long time. I’m now in.
Time to load up!
Bought more yesterda
Buying more today
56- 52- 56- 52. …..
But remember it is Sep 14th
More 2 weeks to end Q3
More about one month to
Q3 earnings expected to pop to 4,6- 4,9. Resulting 21EPS= 19/20
So it ll be impossible to stuck TX under 56, 60 or 70”s
TX will climb to 80,$
As soon as Q3 EARNINGS
U.S. MIDWEST DOMESTIC HOT-ROLLED COIL STEEL (CRU) INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) HRC1!
See more on advanced chart
Market Open (as of Oct 26, 10:49 EDT)
1770 — 1782
TX falling 7% today, falling 15% from 30Aug high
You know what?
FELL 15% TO RISE 115%
We will see TX OVER $100 ... write it down
This fall does not make any sense
- TX SELLS STEEL NOT IRON ORE
- HOT ROLLED STELL PRICE HRC1! did not FELL, and is still RISING TODAY, ALL TIME HIGH
- The market got in panic because TIO1! Iron Ore slamed from $220 to $120
And then they feel that Stell cam fall, but it DID NOT!!
- CHINA PROHIBITED STEEL productoin IN CHINA
- CHINA PROHIBITED STEEL exports from CHINA
- But CHINA did not and cannot prohibit world IRON ORE producers all over the world.
- SO, beacuse CHINA represents 60% of world STEEL production and consumption
- That leads to HUGE IRON ORE DEMAND DESTRUCTION, and naturaly IRON ORE drops 50%-
- So IF IRON ORE drops to HALF price and STELL REMAINS in All time high (HRC1! = $1940)
That would pop steel makers EARNINGS, even is STEEL prices fall they would fall much less then IRON ORE
Simply beacuse IRON ORE 50% drop is due to the VIOLENCE and AUTHORITY and power that China PCC has over IRON ORE market (60% of global)
So CHINA can destroy IRON ORE prices, by forbiden Chinese Stell production
BUT CHINA can not interfer in global DEMAND for CARS, REBARS, SHIPS, PLANES, HOME APPLIANCES, etc
So if demand for these steel products remain strong, STEEL prices may reamain also strong
Even if IRON ORE prices drops 50%
By the way TX DOES NOT BUY OR SELL ANYTHING TO CHINA
So absolutely NON SENSE this 15%
As I always advise TX is extremely manipulted by big SHARKS
Insitutionals that FRIGHTEN silly holders to grab their lots at bargain prices ...
WATCH OUT - DONT SELL ANY TX SHARES
See you over $80's
TX NEW AMAZING ESTIMATES!!!
60 Days Ago >> Q3: $2.94 Q4: $ 2.33 Q21: $11.25 Price Target: $37
TODAY Average >> Q3: $4.52 Q4: $ 4.05 Q21: $ 17.39 Price Target: $58.60
TODAY High Est.>> Q3: $4.96 Q4: $ 4.69 Q21: $ 19.83 Price Target: $73.50
Very important to say thar TX has surpassed all aver
age and even high estimates on most recent years
These estimates are from form YAHOO FINANCE
Look at this EPS 2021 = $17.39 - 19.83
HOW CAN TX be priced at $$53 ????
That's unacceptable!! P/E = 2.99 !!!!!!!
TX a very well managed company, largest steel maker on Latin America
(12,8 million tons/y of complex and high value steel products)
Family owned by ROCCA FAMILY, TECHINT GROUP
Very good reputaion, focused on shareholders value
It is not any newcomer, unknown company.
TX DESERVES AT LEAST A P/E= 6... AT LEAST
P/E= 6 for 21PES = $17.39 (Avg. Est.) >> TX = $104.34
for 21EPS = $19.83 (High Est.) >> TX = $119
So STRONG BUY TX, as many as you can, hold and DOUBLE your money ...
TX is much more a steel producer than an iron ore company so strange move by the investors
Their EV value is about $7.5B right now and they will make around $6B in ebitda this year....enough said.
I also own X and CLF but am really liking TX. Only one that pays a dividend unless you count a penny as a dividend.. Tx is way ahead on paying off their debt.All thre could be priced at over 10 times 3rd qtr earnings. Tx does not sell to auto industry at low prices. Tx has a new plant adding to production volume that began in May. China does not appear to be a threat in the short term. Almost too good to be true.
In the current situation, I don't understand why TX management don't declare Buy back on the stock. It is strange that they don't do that.
(TTM) EPS, $12, PE, 4, yield, 4%............Backup the 16 wheeler!
China cutting steel production is bullish for TX, if that's the reason its dropping doesn't make sense. Iron ore dropping (cost input) is also bullish, buying back position I flipped out of.
PE of about 3 based on my current year earnings estimates (I think $18 to $20 in eps for 2021 is very reasonable)
With the profits they are making this year they can basically buy back a third of their shares.
i shorted this dog from 56 when i noticed the double top, i covered it close to end of the session today. i kind of regret it, i think i will drop much lower..
I expect $2B in free cash flow for Q3. EBITDA will be close to $1.7B less cap ex of $300M gives you $1.4B in free cash flow, but in the first half of the year working capital increased by $1.3B (this means operating cash flow went down by $1.3B) if half of this reverses in Q3, say $650M, you are looking at $2B in free cash flow for a single qtr or about 20% of their EV right now (EV lower than current yahoo # due to current qtr cash flows).
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