4 models fit Tecnoglass Inc. Ordinary Shares and they partly agree: 2 of 4 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Silver62
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionTecnoglass Inc. Ordinary Shares (TGLS)
Fair value (4 models)
$53.16
ACCE price target
$43.00
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 00:00 CEST; previously $62.35 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $38.30 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
28.0% below
+38.8% to fair value
ACCE score
54
out of 100
Analysts
75% buy
4 covering
P/E
13.4x
forward 11.2x
1-year return
-35.9%
Dividend yield
1.55%
Tecnoglass Inc. Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Tecnoglass makes architectural glass, aluminum window and door systems, and curtain wall for commercial and residential construction, mainly in Colombia and the US. Its edge is vertical integration: it produces its own aluminum extrusions and glass, which gives it a cost position few regional peers can match and helps explain a 39.6% gross margin. Revenue growth of 15.6% is the clearest near-term driver, supported by its US plant expansion and demand for energy-efficient glazing in commercial construction. The stock trades at 13.1x trailing and 10.4x forward earnings, which looks undemanding for a business earning a 17.0% return on equity. The score of 54/100 and the absence of index membership suggest the market has not yet rewarded that growth, so the question for a portfolio manager is whether the margin and growth record holds up through a construction slowdown.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Earnings falling despite revenue growth
Revenue grew 15.6% year on year, but earnings fell 41.4%, so margin pressure is biting even as the top line expands. Worth checking the cause before sizing a position.
moderate
Heavy insider selling
Last 10 disclosed insider trades show $118.22M of sales against $45.83M of buys. Insiders own 44.7% of the company, so the net selling is worth watching.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-17 · prices to Oct 23, 2026
Why it could do well
Revenue has grown 15.6% year over year and averaged 21.2% a year over five years, a steady run of expansion.
The consensus model fair value sits 28.0% above the share price, with all 4 valuation models pointing higher.
Forward earnings of 10.4x sit well below the sector median of 17.6x, so the shares look cheap against peers.
Why it could disappoint
The share price is 10.9% below the ACCE price target of $43.00, though it remains 28.0% below the model fair value of $53.16.
Free cash flow yield is only 2.0%, leaving little cash return for shareholders at the current price.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where TGLS's valuation models land
Price
$38.30
Model fair value
$53.16
Model range
$35.46 to $62.67
Fair value $53.16
Price $38.30
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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Quality and conviction INVESTOR FEATURE
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