Terex TEX
United StatesIndustrials · Farm & Heavy Construction MachineryUSD
78.94 USD (+45.8%)
13 analysts
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Terex Corporation is a US manufacturer of heavy machinery and equipment for the construction, infrastructure, and materials sectors, with brands such as Genie and Terex Utilities.
Key points
from its scores- ✕Little competitive advantage3.2
- ✕Unfavourable risk and backdrop3.5
- ✕Fragile balance sheet4.7
AI analysis
bottom line, main risk, context and newsValuation is attractive, but weak profitability and financial leverage warrant caution until we see an improvement in cash generation and margins.
Terex shows exceptional revenue growth (50.50%) but with weak profitability (ROE 4.21%, operating margin 7.24%) and a leveraged balance sheet (Net Debt/EBITDA 3.72), making it vulnerable to a rising rate environment. The forward valuation (P/E 9.10) looks attractive, but the quality of the business and the sustainability of growth are questionable.
The main risk is the combination of high leverage (Net Debt/EBITDA 3.72) with a rising interest rate environment, which could further compress margins and investment capacity.
Context and risks
Terex operates in a cyclical industrial sector and its balance sheet is leveraged (Net Debt/EBITDA of 3.72), exposing it to a rising interest rate environment in the US and a potential slowdown in demand for heavy machinery. Weak cash conversion (35.24%) and operating margin (7.24%) limit its ability to absorb higher financing costs.
Is Terex stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 25.9 | 25.4 | +2% |
| EV / EBITDA | 13.8 | 14.5 | −5% |
| Price / book | 1.2 | 4.1 | −69% |
| Price / sales | 0.9 | 2.1 | −55% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.8 out of 10 (median for Industrials: 5.0).
Average analyst target: 78.94 USD, +45.8% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 25.9
- Forward P/E
- 9.1
- EV / EBITDA
- 13.8
- Price / book
- 1.2
- Price / sales
- 0.9
- PEG
- 1.06
- Market cap
- 6.2B USD
- Enterprise value
- 8.5B USD
Profitability
- ROE
- 4.2%
- ROA
- 2.8%
- ROIC (approx.)
- 6.3%
- Gross margin
- 16.8%
- Operating margin
- 7.2%
- Net margin
- 2.2%
- Free cash flow
- 216.0M USD
- FCF yield
- 3.5%
- Cash conversion
- 35%
Solvency
- Total debt
- 2.7B USD
- Net debt
- 2.3B USD
- Cash
- 407.0M USD
- EBITDA
- 613.0M USD
- Net debt / EBITDA
- 3.72
- Debt / equity
- 54.56
- Current ratio
- 1.82
- Quick ratio
- 0.84
Growth
- Revenue growth
- +50.5%
- Earnings growth
- −11.9%
- EPS (TTM)
- 2.09 USD
- EPS (forward)
- 5.95 USD
Dividend
- Dividend yield
- 1.3%
- Payout
- 32.5%
Risk and market
- Beta
- 1.47
- Analyst consensus
- Buy (13)
- Target price
- 78.94 USD
- 52-week range
- 41.70 – 74.69
Recent news
All TEX news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Terex
Is Terex stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%). Valuation score: 5.8 out of 10 (median for Industrials: 5.0). Average analyst target: 78.94 USD, +45.8% versus the price. This is not investment advice.
What score does Terex get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,827 of 2,130 (better than 14% of the companies analysed). Its strongest category is Growth (6.0) and its weakest, Quality / Moat (3.2). Analysis of 08/10/2026.
What is Terex's P/E ratio?
Its P/E is 25.9: the share price equals 25.9 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 9.1.
How much is Terex worth on the stock market?
Its market capitalisation is 6.2B USD and its enterprise value, debt included, is 8.5B USD.
How much debt does Terex have?
Its net debt (debt minus cash) is 2.3B USD. That is 3.72 times its EBITDA; the Industrials median is 1.58.
Does Terex pay a dividend?
Yes: its dividend yield is 1.26% and it pays out 33% of its earnings.
How has Terex stock performed over the last year?
It has risen 8.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 41.70 and 74.69 USD. Past performance does not guarantee future results.
What do analysts think of Terex?
13 analysts cover it; their average recommendation is “Buy” and their average target is 78.94 USD (+45.8% versus the price). It is an estimate, not market data.