LNZAW - Technip Energies: Taking Advantage Of Growing Carbon Capture Demand- Hold
2025-01-05 14:00:08 ET
Summary
- Technip Energies delivered robust Q3 2024 financial results, with revenues growing 13% YoY, despite a 12.07% decline in backlog and lower order intakes.
- The company has been awarded significant LNG contracts in the US and Mozambique, reinforcing its backlog and supporting its decarbonization goals.
- Technip's market valuation is $4.60 billion, trading at a P/E ratio of 11.96X, slightly overvalued but better than peers like Archrock and Cactus.
- I rate Technip Energies as a hold due to strong financials and operational efficiency, despite the decline in order intakes in 2024.
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Technip Energies: Taking Advantage Of Growing Carbon Capture Demand- Hold