ACS Stock Analysis: ACS Actividades de | MC
Engineering & Construction | MC, Spain | Market Cap: 33.004m EUR | 12M Return: 114.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.6M
Qual. Beats: 1
Rev. Trend: 96.1%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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 Spain-based global construction and infrastructure services company founded in 1942 and headquartered in Madrid. It operates across Spain, the United States, Australia, Canada, Germany, the rest of Europe, and other international markets through five reporting segments: Turner, CIMIC, Engineering and Construction, Infrastructure, and Other. The company is structured as a diversified holding, with each segment functioning as a specialized business unit addressing different verticals of the construction and engineering value chain.
The Turner segment focuses on high-tech growth markets such as data centers and battery plants, primarily in North America, reflecting the broader industry trend of specialized contractors capitalizing on digital infrastructure and energy storage demand. The CIMIC segment combines construction, services, and public-private partnership (PPP) solutions alongside mining services through Thiess, while the Engineering and Construction segment consolidates Dragados European and North American activities with Hochtiefs European construction and PPP operations. ACS also holds a 50% equity interest in Abertis Infraestructuras, a major toll road concessions operator, through its Infrastructure segment, which together with renewable energy, digital infrastructure, and concessions activities illustrates the asset-heavy business model common in the construction and engineering sector, where long-term concessions and PPPs provide recurring revenue alongside traditional project-based construction work.
- Turner data center backlog surges on AI infrastructure demand
- CIMIC Thiess mining services revenue tracks commodity cycle volatility
- Abertis toll road concessions deliver inflation-linked cash distributions
| Net Income: 991.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.72 > 1.0 |
| NWC/Revenue: 8.57% < 20% (prev 8.32%; Δ 0.25% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.99b > Net Income 991.3m |
| Net Debt (4.08b) to EBITDA (3.08b): 1.32 < 3 |
| Current Ratio: 1.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.7m) vs 12m ago 2.36% < -2% |
| Gross Margin: 10.27% > 18% (prev 36.75%; Δ -26.48% > 0.5%) |
| Asset Turnover: 176.6% > 50% (prev 161.5%; Δ 15.06% > 0%) |
| Interest Coverage Ratio: 2.38 > 6 (EBIT TTM 2.12b / Interest Expense TTM 888.1m) |
| A: 0.15 (Total Current Assets 13.6b - Total Current Liabilities 9.32b) / Total Assets 29.4b |
| B: 0.03 (Retained Earnings 950.3m / Total Assets 29.4b) |
| C: 0.07 (EBIT TTM 2.12b / Avg Total Assets 28.5b) |
| D: 0.21 (Book Value of Equity 4.96b / Total Liabilities 24.1b) |
| Altman-Z'' = 1.78 = BBB |
As of July 09, 2026, the stock is trading at EUR 118.40 with a total of 830,449 shares traded. Over the past week, the price has changed by -4.59%, over one month by -3.18%, over three months by +0.88% and over the past year by +114.27%.
Current recommended Stop Loss: 113.60 (which is 4.1% or 1.3 ATR below the current price).
ACS Actividades de has no consensus analysts rating.
P/E Trailing = 33.0053
P/E Forward = 31.5457
P/S = 0.6547
P/B = 6.7779
P/EG = 1.0845
Revenue TTM = 50.4b EUR
EBIT TTM = 2.12b EUR
EBITDA TTM = 3.08b EUR
Long Term Debt = 11.4b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.20b EUR (from shortTermDebt, last quarter)
Debt = 14.6b EUR (from shortLongTermDebtTotal, last quarter) + Leases 927.6m
Net Debt = 4.08b EUR (calculated: Debt 14.6b - CCE 10.5b)
Enterprise Value = 37.1b EUR (33.0b + Debt 14.6b - CCE 10.5b)
Interest Coverage Ratio = 2.38 (Ebit TTM 2.12b / Interest Expense TTM 888.1m)
EV/FCF = 15.23x (Enterprise Value 37.1b / FCF TTM 2.44b)
FCF Yield = 6.57% (FCF TTM 2.44b / Enterprise Value 37.1b)
FCF Margin = 4.83% (FCF TTM 2.44b / Revenue TTM 50.4b)
Net Margin = 1.97% (Net Income TTM 991.3m / Revenue TTM 50.4b)
Gross Margin = 10.27% ((Revenue TTM 50.4b - Cost of Revenue TTM 45.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev -35.06%)
Tobins Q-Ratio = 1.26 (Enterprise Value 37.1b / Total Assets 29.4b)
Interest Expense / Debt = 6.10% (Interest Expense 888.1m / Debt 14.6b)
Taxrate = 21.74% (459.9m / 2.12b)
NOPAT = 1.66b (EBIT 2.12b * (1 - 21.74%))
Current Ratio = 1.46 (Total Current Assets 13.6b / Total Current Liabilities 9.32b)
Debt / Equity = 2.93 (Debt 14.6b / totalStockholderEquity, last quarter 4.96b)
Debt / EBITDA = 1.32 (Net Debt 4.08b / EBITDA 3.08b)
Debt / FCF = 1.67 (Net Debt 4.08b / FCF TTM 2.44b)
Total Stockholder Equity = 4.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.47% (Net Income 991.3m / Total Assets 29.4b)
RoE = 21.31% (Net Income TTM 991.3m / Total Stockholder Equity 4.65b)
RoCE = 13.20% (EBIT 2.12b / Capital Employed (Equity 4.65b + L.T.Debt 11.4b))
RoIC = 8.38% (NOPAT 1.66b / Invested Capital 19.8b)
WACC = 7.64% (E(33.0b)/V(47.6b) * Re(8.91%) + D(14.6b)/V(47.6b) * Rd(6.10%) * (1-Tc(0.22)))
Discount Rate = 8.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.00 | Cagr: -0.10%
[DCF] Terminal Value 77.97% ; FCFF base≈2.19b ; Y1≈2.51b ; Y5≈3.69b
[DCF] Fair Price = 193.5 (EV 55.5b - Net Debt 4.08b = Equity 51.5b / Shares 265.9m; 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: 96.10 | Revenue CAGR: 18.81% | SUE: 4.0 | # QB: 1
EPS current Quarter (2025-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2025-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2025-12-31): EPS=3.26 | Chg30d=+0.05% | Revisions=-25% | GrowthEPS=+22.3% | GrowthRev=+19.9%
EPS next Year (2026-12-31): EPS=4.11 | Chg30d=-0.72% | Revisions=+10% | GrowthEPS=+23.4% | GrowthRev=+11.7%
[Analyst] Revisions Ratio: +0% (up=4, down=4)