Logo image of FER.AS

FERROVIAL SE (FER.AS) Stock Fundamental Analysis

AMS:FER - Euronext Amsterdam - NL0015001FS8 - Common Stock - Currency: EUR

45.06  +0.08 (+0.18%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FER. FER was compared to 42 industry peers in the Construction & Engineering industry. While FER belongs to the best of the industry regarding profitability, there are concerns on its financial health. FER is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year FER was profitable.
In the past year FER had a positive cash flow from operations.
Of the past 5 years FER 4 years were profitable.
In the past 5 years FER always reported a positive cash flow from operatings.
FER.AS Yearly Net Income VS EBIT VS OCF VS FCFFER.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

1.2 Ratios

FER has a better Return On Assets (11.17%) than 88.10% of its industry peers.
Looking at the Return On Equity, with a value of 53.32%, FER belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
The Return On Invested Capital of FER (2.98%) is worse than 76.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FER is significantly below the industry average of 10.76%.
The 3 year average ROIC (2.22%) for FER is below the current ROIC(2.98%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.17%
ROE 53.32%
ROIC 2.98%
ROA(3y)4.52%
ROA(5y)3.3%
ROE(3y)23.24%
ROE(5y)17.1%
ROIC(3y)2.22%
ROIC(5y)1.79%
FER.AS Yearly ROA, ROE, ROICFER.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

1.3 Margins

With an excellent Profit Margin value of 35.41%, FER belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
In the last couple of years the Profit Margin of FER has grown nicely.
FER has a better Operating Margin (9.85%) than 66.67% of its industry peers.
FER's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 44.04%, FER is doing good in the industry, outperforming 61.90% of the companies in the same industry.
In the last couple of years the Gross Margin of FER has grown nicely.
Industry RankSector Rank
OM 9.85%
PM (TTM) 35.41%
GM 44.04%
OM growth 3Y26.04%
OM growth 5YN/A
PM growth 3Y27.17%
PM growth 5Y52.49%
GM growth 3Y4.45%
GM growth 5Y4.25%
FER.AS Yearly Profit, Operating, Gross MarginsFER.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FER is destroying value.
The number of shares outstanding for FER has been reduced compared to 1 year ago.
The number of shares outstanding for FER has been reduced compared to 5 years ago.
FER has a better debt/assets ratio than last year.
FER.AS Yearly Shares OutstandingFER.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
FER.AS Yearly Total Debt VS Total AssetsFER.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

FER has an Altman-Z score of 1.46. This is a bad value and indicates that FER is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.46, FER is doing worse than 69.05% of the companies in the same industry.
FER has a debt to FCF ratio of 12.41. This is a negative value and a sign of low solvency as FER would need 12.41 years to pay back of all of its debts.
FER has a Debt to FCF ratio of 12.41. This is in the lower half of the industry: FER underperforms 66.67% of its industry peers.
FER has a Debt/Equity ratio of 1.90. This is a high value indicating a heavy dependency on external financing.
FER has a Debt to Equity ratio of 1.90. This is amonst the worse of the industry: FER underperforms 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 12.41
Altman-Z 1.46
ROIC/WACC0.49
WACC6.11%
FER.AS Yearly LT Debt VS Equity VS FCFFER.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.3 Liquidity

FER has a Current Ratio of 1.22. This is a normal value and indicates that FER is financially healthy and should not expect problems in meeting its short term obligations.
FER has a Current ratio of 1.22. This is in the better half of the industry: FER outperforms 64.29% of its industry peers.
A Quick Ratio of 1.14 indicates that FER should not have too much problems paying its short term obligations.
FER's Quick ratio of 1.14 is fine compared to the rest of the industry. FER outperforms 61.90% of its industry peers.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 1.14
FER.AS Yearly Current Assets VS Current LiabilitesFER.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 22.70% over the past year.
The Earnings Per Share has been growing slightly by 3.65% on average over the past years.
The Revenue for FER has decreased by -52.11% in the past year. This is quite bad
FER shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -16.35% yearly.
EPS 1Y (TTM)22.7%
EPS 3Y3.65%
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)-52.11%
Revenue growth 3Y-16.35%
Revenue growth 5YN/A
Sales Q2Q%9.58%

3.2 Future

The Earnings Per Share is expected to decrease by -13.76% on average over the next years. This is quite bad
The Revenue is expected to decrease by -9.43% on average over the next years.
EPS Next Y-55.78%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
EPS Next 5Y-13.76%
Revenue Next Year0.71%
Revenue Next 2Y-30.82%
Revenue Next 3Y-19.97%
Revenue Next 5Y-9.43%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FER.AS Yearly Revenue VS EstimatesFER.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
FER.AS Yearly EPS VS EstimatesFER.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

1

4. Valuation

4.1 Price/Earnings Ratio

FER is valuated quite expensively with a Price/Earnings ratio of 85.02.
FER's Price/Earnings ratio is a bit more expensive when compared to the industry. FER is more expensive than 78.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of FER to the average of the S&P500 Index (27.52), we can say FER is valued expensively.
The Price/Forward Earnings ratio is 128.45, which means the current valuation is very expensive for FER.
FER's Price/Forward Earnings ratio is rather expensive when compared to the industry. FER is more expensive than 80.95% of the companies in the same industry.
FER's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 35.58.
Industry RankSector Rank
PE 85.02
Fwd PE 128.45
FER.AS Price Earnings VS Forward Price EarningsFER.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

FER's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FER is more expensive than 78.57% of the companies in the same industry.
69.05% of the companies in the same industry are cheaper than FER, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 32.04
EV/EBITDA 30.6
FER.AS Per share dataFER.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The decent profitability rating of FER may justify a higher PE ratio.
A cheap valuation may be justified as FER's earnings are expected to decrease with -43.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%

2

5. Dividend

5.1 Amount

FER has a yearly dividend return of 0.78%, which is pretty low.
FER's Dividend Yield is slightly below the industry average, which is at 4.35.
Compared to an average S&P500 Dividend Yield of 2.35, FER's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.78%

5.2 History

The dividend of FER decreases each year by -10.17%.
Dividend Growth(5Y)-10.17%
Div Incr Years1
Div Non Decr Years1
FER.AS Yearly Dividends per shareFER.AS Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FER pays out 4.01% of its income as dividend. This is a sustainable payout ratio.
FER's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP4.01%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
FER.AS Yearly Income VS Free CF VS DividendFER.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
FER.AS Dividend Payout.FER.AS Dividend Payout, showing the Payout Ratio.FER.AS Dividend Payout.PayoutRetained Earnings

FERROVIAL SE

AMS:FER (7/14/2025, 7:00:00 PM)

45.06

+0.08 (+0.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)05-13 2025-05-13
Earnings (Next)07-29 2025-07-29
Inst Owners36.61%
Inst Owner ChangeN/A
Ins Owners32.89%
Ins Owner ChangeN/A
Market Cap33.06B
Analysts76.92
Price Target46.39 (2.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.78%
Yearly Dividend0.18
Dividend Growth(5Y)-10.17%
DP4.01%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.56%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)2%
Revenue beat(4)2
Avg Revenue beat(4)0.53%
Min Revenue beat(4)-2.64%
Max Revenue beat(4)3.65%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.81%
PT rev (3m)1.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.94%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-66.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 85.02
Fwd PE 128.45
P/S 3.61
P/FCF 32.04
P/OCF 26.28
P/B 5.44
P/tB 6.07
EV/EBITDA 30.6
EPS(TTM)0.53
EY1.18%
EPS(NY)0.35
Fwd EY0.78%
FCF(TTM)1.41
FCFY3.12%
OCF(TTM)1.71
OCFY3.8%
SpS12.47
BVpS8.28
TBVpS7.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 11.17%
ROE 53.32%
ROCE 3.97%
ROIC 2.98%
ROICexc 3.78%
ROICexgc 3.92%
OM 9.85%
PM (TTM) 35.41%
GM 44.04%
FCFM 11.28%
ROA(3y)4.52%
ROA(5y)3.3%
ROE(3y)23.24%
ROE(5y)17.1%
ROIC(3y)2.22%
ROIC(5y)1.79%
ROICexc(3y)2.87%
ROICexc(5y)2.44%
ROICexgc(3y)2.98%
ROICexgc(5y)2.53%
ROCE(3y)2.96%
ROCE(5y)2.38%
ROICexcg growth 3Y23.54%
ROICexcg growth 5YN/A
ROICexc growth 3Y23.9%
ROICexc growth 5YN/A
OM growth 3Y26.04%
OM growth 5YN/A
PM growth 3Y27.17%
PM growth 5Y52.49%
GM growth 3Y4.45%
GM growth 5Y4.25%
F-Score7
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 12.41
Debt/EBITDA 8.6
Cap/Depr 51.25%
Cap/Sales 2.47%
Interest Coverage 1.94
Cash Conversion 93.74%
Profit Quality 31.86%
Current Ratio 1.22
Quick Ratio 1.14
Altman-Z 1.46
F-Score7
WACC6.11%
ROIC/WACC0.49
Cap/Depr(3y)34.82%
Cap/Depr(5y)40.43%
Cap/Sales(3y)1.58%
Cap/Sales(5y)1.66%
Profit Quality(3y)249.79%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.7%
EPS 3Y3.65%
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y-55.78%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
EPS Next 5Y-13.76%
Revenue 1Y (TTM)-52.11%
Revenue growth 3Y-16.35%
Revenue growth 5YN/A
Sales Q2Q%9.58%
Revenue Next Year0.71%
Revenue Next 2Y-30.82%
Revenue Next 3Y-19.97%
Revenue Next 5Y-9.43%
EBIT growth 1Y52.71%
EBIT growth 3Y38.38%
EBIT growth 5YN/A
EBIT Next Year62%
EBIT Next 3Y23.99%
EBIT Next 5Y20.59%
FCF growth 1Y-9.71%
FCF growth 3Y24.87%
FCF growth 5Y2.94%
OCF growth 1Y2.36%
OCF growth 3Y24.37%
OCF growth 5Y2.81%