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FERROVIAL SE (FER.AS) Stock Fundamental Analysis

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

43.52  +0.82 (+1.92%)

Fundamental Rating

3

Overall FER gets a fundamental rating of 3 out of 10. We evaluated FER against 43 industry peers in the Construction & Engineering industry. FER has an excellent profitability rating, but there are concerns on its financial health. FER does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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7

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

1.2 Ratios

With an excellent Return On Assets value of 11.17%, FER belongs to the best of the industry, outperforming 86.05% of the companies in the same industry.
FER has a better Return On Equity (53.32%) than 95.35% of its industry peers.
FER's Return On Invested Capital of 2.98% is on the low side compared to the rest of the industry. FER is outperformed by 72.09% 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 10.72%.
The last Return On Invested Capital (2.98%) for FER is above the 3 year average (2.22%), which is a sign of increasing profitability.
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

FER has a Profit Margin of 35.41%. This is amongst the best in the industry. FER outperforms 97.67% of its industry peers.
In the last couple of years the Profit Margin of FER has grown nicely.
FER has a Operating Margin of 9.85%. This is in the better half of the industry: FER outperforms 69.77% of its industry peers.
FER's Operating Margin has improved in the last couple of years.
FER has a better Gross Margin (44.04%) than 60.47% of its industry peers.
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

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3

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.
Compared to 1 year ago, FER has less shares outstanding
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 1.41, we must say that FER is in the distress zone and has some risk of bankruptcy.
FER has a worse Altman-Z score (1.41) than 67.44% of its industry peers.
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 worse Debt to FCF ratio (12.41) than 62.79% 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.
With a Debt to Equity ratio value of 1.90, FER is not doing good in the industry: 83.72% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.9
Debt/FCF 12.41
Altman-Z 1.41
ROIC/WACC0.48
WACC6.15%
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's Current ratio of 1.22 is fine compared to the rest of the industry. FER outperforms 62.79% of its industry peers.
A Quick Ratio of 1.14 indicates that FER should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.14, FER is in the better half of the industry, outperforming 65.12% of the companies in the same industry.
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

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 22.70% over the past year.
Measured over the past 5 years, FER shows a small growth in Earnings Per Share. The EPS has been growing by 3.65% on average per year.
Looking at the last year, FER shows a very negative growth in Revenue. The Revenue has decreased by -52.11% in the last year.
The Revenue for FER have been decreasing by -16.35% on average. This is quite bad
EPS 1Y (TTM)22.7%
EPS 3Y3.65%
EPS 5YN/A
EPS Q2Q%735.67%
Revenue 1Y (TTM)-52.11%
Revenue growth 3Y-16.35%
Revenue growth 5YN/A
Sales Q2Q%9.2%

3.2 Future

The Earnings Per Share is expected to decrease by -13.76% on average over the next years. This is quite bad
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 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 0 0.5 1

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1

4. Valuation

4.1 Price/Earnings Ratio

FER is valuated quite expensively with a Price/Earnings ratio of 82.11.
79.07% of the companies in the same industry are cheaper than FER, based on the Price/Earnings ratio.
FER is valuated expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 124.06, FER can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FER indicates a rather expensive valuation: FER more expensive than 86.05% of the companies listed 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 20.81.
Industry RankSector Rank
PE 82.11
Fwd PE 124.06
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

Based on the Enterprise Value to EBITDA ratio, FER is valued a bit more expensive than 76.74% of the companies in the same industry.
65.12% of the companies in the same industry are cheaper than FER, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 30.77
EV/EBITDA 29.18
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.
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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0

5. Dividend

5.1 Amount

FER does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FERROVIAL SE

AMS:FER (5/5/2025, 2:58:02 PM)

43.52

+0.82 (+1.92%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-27 2025-02-27/amc
Earnings (Next)05-13 2025-05-13
Inst Owners36.89%
Inst Owner ChangeN/A
Ins Owners35.21%
Ins Owner ChangeN/A
Market Cap31.75B
Analysts76.15
Price Target44.39 (2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)-0.28%
PT rev (3m)4.55%
EPS NQ rev (1m)5.94%
EPS NQ rev (3m)5.94%
EPS NY rev (1m)-7.58%
EPS NY rev (3m)-3.3%
Revenue NQ rev (1m)-80.15%
Revenue NQ rev (3m)-80.15%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)0.82%
Valuation
Industry RankSector Rank
PE 82.11
Fwd PE 124.06
P/S 3.47
P/FCF 30.77
P/OCF 25.24
P/B 5.23
P/tB 5.83
EV/EBITDA 29.18
EPS(TTM)0.53
EY1.22%
EPS(NY)0.35
Fwd EY0.81%
FCF(TTM)1.41
FCFY3.25%
OCF(TTM)1.72
OCFY3.96%
SpS12.54
BVpS8.33
TBVpS7.47
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 1.41
F-Score7
WACC6.15%
ROIC/WACC0.48
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%735.67%
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%9.2%
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 Year66.42%
EBIT Next 3Y23.81%
EBIT Next 5Y19.17%
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%