ACS Stock Analysis: ACS Actividades de | MC
Engineering & Construction | MC, Spain | Market Cap: 24.244m EUR | 12M Return: 32% | ES0167050915 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.4M
Qual. Beats: 1
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ACS, Actividades de Construcción y Servicios, S.A., is a Spanish-based global construction and infrastructure services company founded in 1942 and headquartered in Madrid. It operates through five segments-Turner, CIMIC, Engineering and Construction, Infrastructure, and Other-spanning Spain, the United States, Australia, Canada, Germany, and other international markets. Turner focuses on high-tech growth markets such as data centers and battery plants in North America, while CIMIC delivers construction, mining (via Thiess), and public-private partnership (PPP) solutions. The Engineering and Construction segment houses Dragados and Hochtiefs European and North American operations, and the Infrastructure segment includes Iridium, ACS Digital & Energy, and a 50% stake in toll-road operator Abertis. The Other segment covers real estate, renewable energy, water assets, facilities management, and social and health services.
The company operates in the capital-intensive Construction & Engineering industry, where revenue is largely project-based and heavily influenced by public infrastructure spending and long-term concession contracts. ACSs exposure to PPPs and concessions (such as its stake in Abertis) reflects a broader sector trend of private operators taking on multi-decade infrastructure roles, while its growing focus on data centers, battery plants, and renewable energy aligns with the industrys shift toward digitalization and the energy transition.
- Turner data center backlog surges on North American hyperscaler demand
- Abertis concession traffic and toll revenue growth underpins recurring EBITDA
- CIMIC mining services margins pressured by commodity cycle and contract renegotiations
- Hochtief and Dragados benefit from EU infrastructure and energy transition spending
| Net Income: 1.01b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.04 > 1.0 |
| NWC/Revenue: 12.87% < 20% (prev 7.27%; Δ 5.60% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.97b > Net Income 1.01b |
| Net Debt (1.46b) to EBITDA (3.23b): 0.45 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.7m) vs 12m ago 2.36% < -2% |
| Gross Margin: 12.87% > 18% (prev 39.81%; Δ -26.94% > 0.5%) |
| Asset Turnover: 113.9% > 50% (prev 113.8%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 2.54 > 6 (EBIT TTM 2.26b / Interest Expense TTM 888.1m) |
| A: 0.13 (Total Current Assets 33.4b - Total Current Liabilities 26.8b) / Total Assets 49.9b |
| B: 0.01 (Retained Earnings 510.0m / Total Assets 49.9b) |
| C: 0.05 (EBIT TTM 2.26b / Avg Total Assets 45.6b) |
| D: 0.14 (Book Value of Equity 6.04b / Total Liabilities 43.5b) |
| Altman-Z'' = 1.39 = BB |
| DSRI: 1.04 (Receivables 14.3b/12.4b, Revenue 51.9b/47.0b) |
| GMI: 3.09 (GM 39.81% / 12.87%) |
| AQI: 0.96 (AQ_t 0.28 / AQ_t-1 0.29) |
| SGI: 1.10 (Revenue 51.9b / 47.0b) |
| TATA: -0.04 (NI 1.01b - CFO 2.97b) / TA 49.9b) |
| Beneish M = -1.05 (Cap -4..+1) = D |
As of October 09, 2026, the stock is trading at EUR 92.00 with a total of 487,456 shares traded. Over the past week, the price has changed by -0.05%, over one month by -12.21%, over three months by -22.30% and over the past year by +31.95%.
Current recommended Stop Loss: 88.30 (which is 4% or 1.3 ATR below the current price).
ACS Actividades de has no consensus analysts rating.
P/E Trailing = 20.2948
P/E Forward = 31.5457
P/S = 0.467
P/B = 4.0084
P/EG = 1.0845
Revenue TTM = 51.9b EUR
EBIT TTM = 2.26b EUR
EBITDA TTM = 3.23b EUR
Long Term Debt = 13.1b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.55b EUR (from shortTermDebt, last quarter)
Debt = 17.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.00b
Net Debt = 1.46b EUR (calculated: Debt 17.3b - CCE 15.8b)
Enterprise Value = 25.7b EUR (24.2b + Debt 17.3b - CCE 15.8b)
Interest Coverage Ratio = 2.54 (Ebit TTM 2.26b / Interest Expense TTM 888.1m)
EV/FCF = 10.33x (Enterprise Value 25.7b / FCF TTM 2.49b)
FCF Yield = 9.68% (FCF TTM 2.49b / Enterprise Value 25.7b)
FCF Margin = 4.79% (FCF TTM 2.49b / Revenue TTM 51.9b)
Net Margin = 1.95% (Net Income TTM 1.01b / Revenue TTM 51.9b)
Gross Margin = 12.87% ((Revenue TTM 51.9b - Cost of Revenue TTM 45.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.52 (Enterprise Value 25.7b / Total Assets 49.9b)
Interest Expense / Debt = 5.14% (Interest Expense 888.1m / Debt 17.3b)
Taxrate = 25.07% (566.3m / 2.26b)
NOPAT = 1.69b (EBIT 2.26b * (1 - 25.07%))
Current Ratio = 1.25 (Total Current Assets 33.4b / Total Current Liabilities 26.8b)
Debt / Equity = 2.86 (Debt 17.3b / totalStockholderEquity, last quarter 6.04b)
Debt / EBITDA = 0.45 (Net Debt 1.46b / EBITDA 3.23b)
Debt / FCF = 0.59 (Net Debt 1.46b / FCF TTM 2.49b)
Total Stockholder Equity = 5.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.22% (Net Income 1.01b / Total Assets 49.9b)
RoE = 19.75% (Net Income TTM 1.01b / Total Stockholder Equity 5.12b)
RoCE = 12.43% (EBIT 2.26b / Capital Employed (Equity 5.12b + L.T.Debt 13.1b))
RoIC = 7.34% (NOPAT 1.69b / Invested Capital 23.1b)
WACC = 7.00% (E(24.2b)/V(41.5b) * Re(9.24%) + D(17.3b)/V(41.5b) * Rd(5.14%) * (1-Tc(0.25)))
Discount Rate = 9.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.56 | Cagr: 2.28%
[DCF] Terminal Value 77.97% ; FCFF base≈2.15b ; Y1≈2.46b ; Y5≈3.62b
[DCF] Fair Price = 203.3 (EV 54.5b - Net Debt 1.46b = Equity 53.0b / Shares 260.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.25 | # QB: 1
Revenue Correlation: 98.06 | Revenue CAGR: 20.17% | SUE: 0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=4.21 | Chg30d=+0.42% | Revisions=+38% | GrowthEPS=+26.3% | GrowthRev=+11.4%
EPS next Year (2027-12-31): EPS=4.96 | Chg30d=+0.59% | Revisions=+12% | GrowthEPS=+18.0% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: +31% (up=7, down=3)