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FERROVIAL SE (FER.AS) Stock Fundamental Analysis

AMS:FER - NL0015001FS8 - Common Stock

47.14 EUR
-0.53 (-1.11%)
Last: 8/25/2025, 7:00:00 PM
Fundamental Rating

5

Taking everything into account, FER scores 5 out of 10 in our fundamental rating. FER was compared to 41 industry peers in the Construction & Engineering industry. FER has an excellent profitability rating, but there are concerns on its financial health. FER has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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8

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.
Each year in the past 5 years FER had a positive operating cash flow.
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

Looking at the Return On Assets, with a value of 12.67%, FER belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
FER has a Return On Equity of 57.04%. This is amongst the best in the industry. FER outperforms 95.12% of its industry peers.
FER's Return On Invested Capital of 3.45% is on the low side compared to the rest of the industry. FER is outperformed by 73.17% of its industry peers.
FER had an Average Return On Invested Capital over the past 3 years of 2.22%. This is significantly below the industry average of 10.29%.
The 3 year average ROIC (2.22%) for FER is below the current ROIC(3.45%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 12.67%
ROE 57.04%
ROIC 3.45%
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

FER has a better Profit Margin (35.99%) than 97.56% of its industry peers.
FER's Profit Margin has improved in the last couple of years.
FER's Operating Margin of 10.13% is fine compared to the rest of the industry. FER outperforms 73.17% of its industry peers.
FER's Operating Margin has improved in the last couple of years.
The Gross Margin of FER (87.83%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of FER has grown nicely.
Industry RankSector Rank
OM 10.13%
PM (TTM) 35.99%
GM 87.83%
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

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2

2. Health

2.1 Basic Checks

FER has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FER has less shares outstanding than it did 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

Based on the Altman-Z score of 1.61, we must say that FER is in the distress zone and has some risk of bankruptcy.
FER has a Altman-Z score (1.61) which is comparable to the rest of the industry.
FER has a debt to FCF ratio of 10.03. This is a negative value and a sign of low solvency as FER would need 10.03 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.03, FER is doing worse than 63.41% of the companies in the same industry.
A Debt/Equity ratio of 1.72 is on the high side and indicates that FER has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.72, FER is doing worse than 82.93% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.72
Debt/FCF 10.03
Altman-Z 1.61
ROIC/WACC0.56
WACC6.13%
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 0.94. This is a bad value and indicates that FER is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of FER (0.94) is worse than 70.73% of its industry peers.
A Quick Ratio of 0.86 indicates that FER may have some problems paying its short term obligations.
FER has a Quick ratio (0.86) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.86
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

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 355.69% over the past year.
The Earnings Per Share has been growing by 68.07% on average over the past years. This is a very strong growth
FER shows a small growth in Revenue. In the last year, the Revenue has grown by 5.75%.
FER shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.60% yearly.
EPS 1Y (TTM)355.69%
EPS 3Y40.96%
EPS 5Y68.07%
EPS Q2Q%33.34%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y9.79%
Revenue growth 5Y8.6%
Sales Q2Q%0.92%

3.2 Future

The Earnings Per Share is expected to grow by 16.62% on average over the next years. This is quite good.
FER is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.86% yearly.
EPS Next Y17.61%
EPS Next 2Y8.02%
EPS Next 3Y11.9%
EPS Next 5Y16.62%
Revenue Next Year5.93%
Revenue Next 2Y4.86%
Revenue Next 3Y4.67%
Revenue Next 5Y2.86%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 decreasing.
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 2029 2030 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 2029 2030 0 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.14, which indicates a very decent valuation of FER.
Based on the Price/Earnings ratio, FER is valued cheaply inside the industry as 85.37% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.03, FER is valued rather cheaply.
With a Price/Forward Earnings ratio of 47.27, FER can be considered very expensive at the moment.
FER's Price/Forward Earnings ratio is rather expensive when compared to the industry. FER is more expensive than 80.49% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, FER is valued quite expensively.
Industry RankSector Rank
PE 10.14
Fwd PE 47.27
FER.AS Price Earnings VS Forward Price EarningsFER.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FER is valued a bit more expensive than 75.61% of the companies in the same industry.
70.73% of the companies in the same industry are cheaper than FER, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 30.16
EV/EBITDA 31.31
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

FER's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FER has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.58
PEG (5Y)0.15
EPS Next 2Y8.02%
EPS Next 3Y11.9%

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2

5. Dividend

5.1 Amount

FER has a yearly dividend return of 0.75%, which is pretty low.
Compared to an average industry Dividend Yield of 3.73, FER is paying slightly less dividend.
With a Dividend Yield of 0.75, FER pays less dividend than the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 0.75%

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

3.63% of the earnings are spent on dividend by FER. This is a low number and sustainable payout ratio.
DP3.63%
EPS Next 2Y8.02%
EPS Next 3Y11.9%
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

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FERROVIAL SE

AMS:FER (8/25/2025, 7:00:00 PM)

47.14

-0.53 (-1.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)10-27 2025-10-27
Inst Owners36.61%
Inst Owner ChangeN/A
Ins Owners32.89%
Ins Owner ChangeN/A
Market Cap34.59B
Analysts76
Price Target48.08 (1.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.75%
Yearly Dividend0.18
Dividend Growth(5Y)-10.17%
DP3.63%
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)100.85%
Min Revenue beat(2)-3.79%
Max Revenue beat(2)205.49%
Revenue beat(4)2
Avg Revenue beat(4)50.7%
Min Revenue beat(4)-3.79%
Max Revenue beat(4)205.49%
Revenue beat(8)5
Avg Revenue beat(8)26.51%
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)3.64%
PT rev (3m)9.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.9%
EPS NY rev (1m)6.89%
EPS NY rev (3m)6.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.39%
Revenue NY rev (1m)0.65%
Revenue NY rev (3m)0.65%
Valuation
Industry RankSector Rank
PE 10.14
Fwd PE 47.27
P/S 3.7
P/FCF 30.16
P/OCF 24.27
P/B 5.86
P/tB 6.5
EV/EBITDA 31.31
EPS(TTM)4.65
EY9.86%
EPS(NY)1
Fwd EY2.12%
FCF(TTM)1.56
FCFY3.32%
OCF(TTM)1.94
OCFY4.12%
SpS12.74
BVpS8.04
TBVpS7.25
PEG (NY)0.58
PEG (5Y)0.15
Profitability
Industry RankSector Rank
ROA 12.67%
ROE 57.04%
ROCE 4.6%
ROIC 3.45%
ROICexc 4%
ROICexgc 4.14%
OM 10.13%
PM (TTM) 35.99%
GM 87.83%
FCFM 12.27%
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 Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 1.72
Debt/FCF 10.03
Debt/EBITDA 7.3
Cap/Depr 62.19%
Cap/Sales 2.97%
Interest Coverage 2
Cash Conversion 102.22%
Profit Quality 34.09%
Current Ratio 0.94
Quick Ratio 0.86
Altman-Z 1.61
F-Score7
WACC6.13%
ROIC/WACC0.56
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)355.69%
EPS 3Y40.96%
EPS 5Y68.07%
EPS Q2Q%33.34%
EPS Next Y17.61%
EPS Next 2Y8.02%
EPS Next 3Y11.9%
EPS Next 5Y16.62%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y9.79%
Revenue growth 5Y8.6%
Sales Q2Q%0.92%
Revenue Next Year5.93%
Revenue Next 2Y4.86%
Revenue Next 3Y4.67%
Revenue Next 5Y2.86%
EBIT growth 1Y21.25%
EBIT growth 3Y38.38%
EBIT growth 5YN/A
EBIT Next Year62%
EBIT Next 3Y23.99%
EBIT Next 5Y14.41%
FCF growth 1Y15.28%
FCF growth 3Y24.87%
FCF growth 5Y2.94%
OCF growth 1Y29.55%
OCF growth 3Y24.37%
OCF growth 5Y2.81%