FERROVIAL SE (FER.AS) Stock Fundamental Analysis

AMS:FER • NL0015001FS8

63.12 EUR
+0.26 (+0.41%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall FER gets a fundamental rating of 4 out of 10. We evaluated FER against 43 industry peers in the Construction & Engineering industry. While FER has a great profitability rating, there are quite some concerns on its financial health. FER is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • FER had positive earnings in the past year.
  • In the past year FER had a positive cash flow from operations.
  • FER had positive earnings in 4 of the past 5 years.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

1.2 Ratios

  • With an excellent Return On Assets value of 12.67%, FER belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
  • With an excellent Return On Equity value of 57.04%, FER belongs to the best of the industry, outperforming 88.37% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.45%, FER is doing worse than 79.07% of the companies in the same industry.
  • FER had an Average Return On Invested Capital over the past 3 years of 2.22%. This is significantly below the industry average of 11.93%.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

1.3 Margins

  • With an excellent Profit Margin value of 35.99%, FER belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FER has grown nicely.
  • FER's Operating Margin of 10.13% is fine compared to the rest of the industry. FER outperforms 72.09% of its industry peers.
  • In the last couple of years the Operating Margin of FER has grown nicely.
  • Looking at the Gross Margin, with a value of 87.83%, FER belongs to the top of the industry, outperforming 95.35% 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 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 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • An Altman-Z score of 1.94 indicates that FER is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • FER has a better Altman-Z score (1.94) than 62.79% of its industry peers.
  • 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.
  • FER's Debt to FCF ratio of 10.03 is on the low side compared to the rest of the industry. FER is outperformed by 60.47% of its industry peers.
  • FER has a Debt/Equity ratio of 1.72. This is a high value indicating a heavy dependency on external financing.
  • FER has a worse Debt to Equity ratio (1.72) than 76.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.72
Debt/FCF 10.03
Altman-Z 1.94
ROIC/WACC0.54
WACC6.41%
FER.AS Yearly LT Debt VS Equity VS FCFFER.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 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.
  • FER has a worse Current ratio (0.94) than 74.42% of its industry peers.
  • A Quick Ratio of 0.86 indicates that FER may have some problems paying its short term obligations.
  • The Quick ratio of FER (0.86) is worse than 67.44% of its industry peers.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • FER shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.70%, which is quite impressive.
  • 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
  • Measured over the past years, FER shows a very negative growth in Revenue. The Revenue has been decreasing by -16.35% on average per year.
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%2.78%

3.2 Future

  • FER is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.76% yearly.
  • Based on estimates for the next years, FER will show a decrease in Revenue. The Revenue will decrease by -9.43% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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 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 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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1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 119.09, the valuation of FER can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of FER indicates a rather expensive valuation: FER more expensive than 81.40% of the companies listed in the same industry.
  • FER is valuated expensively when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 179.93, the valuation of FER can be described as expensive.
  • FER's Price/Forward Earnings ratio is rather expensive when compared to the industry. FER is more expensive than 83.72% 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 28.05.
Industry RankSector Rank
PE 119.09
Fwd PE 179.93
FER.AS Price Earnings VS Forward Price EarningsFER.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FER is valued a bit more expensive than 74.42% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, FER is valued a bit more expensive than the industry average as 72.09% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 40.38
EV/EBITDA 39.45
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 excellent profitability rating of FER may justify a higher PE ratio.
  • FER's earnings are expected to decrease with -43.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • FER has a Yearly Dividend Yield of 1.39%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.30, FER has a dividend in line with its industry peers.
  • FER's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.39%

5.2 History

Dividend Growth(5Y)N/A
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 0.8

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 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 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 (2/27/2026, 7:00:00 PM)

63.12

+0.26 (+0.41%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-25
Earnings (Next)05-11
Inst Owners44.34%
Inst Owner ChangeN/A
Ins Owners32.76%
Ins Owner ChangeN/A
Market Cap46.31B
Revenue(TTM)5.15B
Net Income(TTM)3.37B
Analysts73.85
Price Target60.69 (-3.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.39%
Yearly DividendN/A
Dividend Growth(5Y)N/A
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)5.39%
PT rev (3m)9.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 119.09
Fwd PE 179.93
P/S 4.95
P/FCF 40.38
P/OCF 32.5
P/B 7.85
P/tB 8.7
EV/EBITDA 39.45
EPS(TTM)0.53
EY0.84%
EPS(NY)0.35
Fwd EY0.56%
FCF(TTM)1.56
FCFY2.48%
OCF(TTM)1.94
OCFY3.08%
SpS12.74
BVpS8.04
TBVpS7.25
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.79
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%
ROICexgc growth 3Y23.54%
ROICexgc 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 1.94
F-Score7
WACC6.41%
ROIC/WACC0.54
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%2.78%
Revenue Next Year0.71%
Revenue Next 2Y-30.82%
Revenue Next 3Y-19.97%
Revenue Next 5Y-9.43%
EBIT growth 1Y21.25%
EBIT growth 3Y38.38%
EBIT growth 5YN/A
EBIT Next Year57.58%
EBIT Next 3Y22.8%
EBIT Next 5Y15.99%
FCF growth 1Y15.28%
FCF growth 3Y24.87%
FCF growth 5Y2.94%
OCF growth 1Y29.55%
OCF growth 3Y24.37%
OCF growth 5Y2.81%

FERROVIAL SE / FER.AS FAQ

What is the fundamental rating for FER stock?

ChartMill assigns a fundamental rating of 4 / 10 to FER.AS.


Can you provide the valuation status for FERROVIAL SE?

ChartMill assigns a valuation rating of 1 / 10 to FERROVIAL SE (FER.AS). This can be considered as Overvalued.


How profitable is FERROVIAL SE (FER.AS) stock?

FERROVIAL SE (FER.AS) has a profitability rating of 8 / 10.


What is the expected EPS growth for FERROVIAL SE (FER.AS) stock?

The Earnings per Share (EPS) of FERROVIAL SE (FER.AS) is expected to decline by -55.78% in the next year.


How sustainable is the dividend of FERROVIAL SE (FER.AS) stock?

The dividend rating of FERROVIAL SE (FER.AS) is 3 / 10 and the dividend payout ratio is 3.63%.