(FER) Ferrovial S.A. - MC
Sector: Industrials | Industry: Engineering & Construction | Exchange: MC (Spain) | Market Cap: 42.889m EUR | Total Return: 40.4% in 12m
Avg Turnover: 52.2M
Qual. Beats: 1
Rev. Trend: 87.7%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Ferrovial S.A. is a global infrastructure operator specializing in the development, financing, and management of large-scale transport and energy assets. The company’s core business model focuses on long-term concessions, particularly in the highways and airports sectors, which generate recurring revenue through toll collection and aeronautical fees. Its geographic footprint is concentrated in North America and Europe, supported by a vertically integrated construction segment that handles the design and execution of public and private infrastructure projects.
In the infrastructure sector, companies like Ferrovial often utilize public-private partnerships (P3s) to mitigate capital intensity while securing long-duration operational rights. Beyond transport, the firm has diversified into energy transmission and renewable energy infrastructure to align with global decarbonization trends. For a deeper look at these operational segments, consider reviewing the comprehensive data available on ValueRay.
- U.S. managed lane toll roads drive long-term infrastructure revenue growth
- Toronto ETR 404 traffic recovery and dividend distributions impact cash flow
- High interest rates increase debt servicing costs for capital-intensive projects
- Heathrow Airport passenger volume fluctuations determine airport segment profitability
- Expansion of U.S. construction backlog supports multi-year margin stability
| Net Income: 888.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 5.40 > 1.0 |
| NWC/Revenue: 6.06% < 20% (prev 9.99%; Δ -3.93% < -1%) |
| CFO/TA 0.11 > 3% & CFO 3.07b > Net Income 888.0m |
| Net Debt (6.79b) to EBITDA (2.01b): 3.39 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (720.6m) vs 12m ago -0.20% < -2% |
| Gross Margin: 48.19% > 18% (prev 35.56%; Δ 12.63% > 0.5%) |
| Asset Turnover: 49.49% > 50% (prev 47.31%; Δ 2.17% > 0%) |
| Interest Coverage Ratio: 3.46 > 6 (EBIT TTM 1.52b / Interest Expense TTM 438.0m) |
| A: 0.03 (Total Current Assets 7.31b - Total Current Liabilities 6.46b) / Total Assets 27.4b |
| B: 0.10 (Retained Earnings 2.79b / Total Assets 27.4b) |
| C: 0.05 (EBIT TTM 1.52b / Avg Total Assets 28.2b) |
| D: 0.30 (Book Value of Equity 5.91b / Total Liabilities 19.8b) |
| Altman-Z'' = 1.21 = BB |
| DSRI: 1.31 (Receivables 2.17b/1.62b, Revenue 14.0b/13.7b) |
| GMI: 0.74 (GM 35.56% / 48.19%) |
| AQI: 0.98 (AQ_t 0.69 / AQ_t-1 0.70) |
| SGI: 1.02 (Revenue 14.0b / 13.7b) |
| TATA: -0.08 (NI 888.0m - CFO 3.07b) / TA 27.4b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at EUR 60.32 with a total of 2,302,710 shares traded.
Over the past week, the price has changed by +6.51%,
over one month by +5.69%,
over three months by +8.61% and
over the past year by +40.41%.
Ferrovial S.A. has no consensus analysts rating.
P/E Trailing = 49.5041
P/E Forward = 57.1429
P/S = 4.4551
P/B = 7.2572
P/EG = 5.2822
Revenue TTM = 14.0b EUR
EBIT TTM = 1.52b EUR
EBITDA TTM = 2.01b EUR
Long Term Debt = 9.36b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.16b EUR (from shortTermDebt, last quarter)
Debt = 11.0b EUR (from shortLongTermDebtTotal, last quarter) + Leases 305.0m
Net Debt = 6.79b EUR (calculated: Debt 11.0b - CCE 4.24b)
Enterprise Value = 49.7b EUR (42.9b + Debt 11.0b - CCE 4.24b)
Interest Coverage Ratio = 3.46 (Ebit TTM 1.52b / Interest Expense TTM 438.0m)
EV/FCF = 21.54x (Enterprise Value 49.7b / FCF TTM 2.31b)
FCF Yield = 4.64% (FCF TTM 2.31b / Enterprise Value 49.7b)
FCF Margin = 16.52% (FCF TTM 2.31b / Revenue TTM 14.0b)
Net Margin = 6.36% (Net Income TTM 888.0m / Revenue TTM 14.0b)
Gross Margin = 48.19% ((Revenue TTM 14.0b - Cost of Revenue TTM 7.23b) / Revenue TTM)
Gross Margin QoQ = none% (prev 10.39%)
Tobins Q-Ratio = 1.81 (Enterprise Value 49.7b / Total Assets 27.4b)
Interest Expense / Debt = 3.97% (Interest Expense 438.0m / Debt 11.0b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 1.14b (EBIT 1.52b * (1 - 25.00%))
Current Ratio = 1.13 (Total Current Assets 7.31b / Total Current Liabilities 6.46b)
Debt / Equity = 1.87 (Debt 11.0b / totalStockholderEquity, last quarter 5.91b)
Debt / EBITDA = 3.39 (Net Debt 6.79b / EBITDA 2.01b)
Debt / FCF = 2.95 (Net Debt 6.79b / FCF TTM 2.31b)
Total Stockholder Equity = 5.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.15% (Net Income 888.0m / Total Assets 27.4b)
RoE = 14.94% (Net Income TTM 888.0m / Total Stockholder Equity 5.95b)
RoCE = 9.91% (EBIT 1.52b / Capital Employed (Equity 5.95b + L.T.Debt 9.36b))
RoIC = 5.31% (NOPAT 1.14b / Invested Capital 21.4b)
WACC = 6.73% (E(42.9b)/V(53.9b) * Re(7.70%) + D(11.0b)/V(53.9b) * Rd(3.97%) * (1-Tc(0.25)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.64 | Cagr: -0.24%
[DCF] Terminal Value 77.97% ; FCFF base≈1.73b ; Y1≈1.99b ; Y5≈2.92b
[DCF] Fair Price = 51.98 (EV 44.0b - Net Debt 6.79b = Equity 37.2b / Shares 716.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 4.0 | # QB: 1
Revenue Correlation: 87.67 | Revenue CAGR: 9.91% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=+0.00% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.33 | Chg30d=+0.00% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+5.50% | Revisions=+0% | GrowthEPS=+9.5% | GrowthRev=+4.1%
EPS next Year (2027-12-31): EPS=1.18 | Chg30d=+0.28% | Revisions=-9% | GrowthEPS=+14.3% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -20%