(OHLA) Obrascon Huarte Lain - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: MC (Spain) | Market Cap: 622m EUR | Total Return: 45.7% in 12m
Construction, Concessions, Engineering, Real Estate
Total Rating 39
Safety 39
Buy Signal 1.01
Engineering & Construction
Industry Rotation: +7.2
Industry Rotation: +7.2
Market Cap:
716M
Avg Turnover: 5.48M EUR
Avg Turnover: 5.48M EUR
ATR:
4.73%
Peers RS (IBD): 36.0
Peers RS (IBD): 36.0
Risk 5d forecast
Volatility53.2%
Rel. Tail Risk-13.5%
Reward TTM
Sharpe Ratio1.05
Alpha20.06
Character TTM
Beta0.856
Beta Downside0.671
Drawdowns 3y
Max DD50.77%
CAGR/Max DD0.01
EPS (Earnings per Share)
EPS CAGR: 17.89%
EPS Trend: 43.3%
EPS Trend: 43.3%
Qual. Beats: 0
Revenue
Rev. CAGR: 8.87%
Rev. Trend: 49.6%
Rev. Trend: 49.6%
Last SUE: -0.24
Qual. Beats: 0
Qual. Beats: 0
Warnings
Share dilution 57.1% YoY - potential capital distress
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Tailwinds
Squeeze Supp Ema20
Description: OHLA Obrascon Huarte Lain
Obrascón Huarte Lain (OHLA) is a Spanish-based, globally diversified builder and concessionaire operating across the Americas and Europe. Its activities span civil engineering, building construction, and the design, build-operate-maintain of industrial plants in sectors such as oil & gas, renewable energy, mining, and infrastructure services like fire-protection, water treatment, and port concessions.
Key recent metrics highlight the company’s scale and financial health: FY 2023 revenue reached €5.2 billion, the order backlog stood at roughly €13 billion, and adjusted EBITDA margin was 7.5 %. OHLA’s exposure to the U.S. infrastructure pipeline-bolstered by the bipartisan infrastructure law-adds a strategic growth catalyst, while the EU’s push for green construction fuels demand for its renewable-energy and civil-engineering projects.
For a deeper dive into OHLA’s valuation and outlook, consider exploring the analysis on ValueRay.
- Global infrastructure spending fuels construction backlog
- Energy transition projects boost industrial segment revenue
- Interest rate hikes increase project financing costs
- Regulatory changes impact international concessions
- Commodity price volatility affects construction materials
Piotroski VR‑10 (Strict)
1.5
| Net Income: 1.70m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.25 > 1.0 |
| NWC/Revenue: 16.16% < 20% (prev 14.89%; Δ 1.27% < -1%) |
| CFO/TA 0.01 > 3% & CFO 52.0m > Net Income 1.70m |
| Net Debt (-352.0m) to EBITDA (205.1m): -1.72 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.38b) vs 12m ago 57.06% < -2% |
| Gross Margin: 2.99% > 18% (prev 0.44%; Δ 254.9% > 0.5%) |
| Asset Turnover: 98.13% > 50% (prev 102.2%; Δ -4.10% > 0%) |
| Interest Coverage Ratio: 1.72 > 6 (EBITDA TTM 205.1m / Interest Expense TTM 74.6m) |
Altman Z''
1.41
| A: 0.16 (Total Current Assets 2.75b - Total Current Liabilities 2.20b) / Total Assets 3.47b |
| B: 0.00 (Retained Earnings 1.71m / Total Assets 3.47b) |
| C: 0.04 (EBIT TTM 128.0m / Avg Total Assets 3.52b) |
| D: 0.10 (Book Value of Equity 298.3m / Total Liabilities 2.84b) |
| Altman-Z'' Score: 1.41 = BB |
Beneish M
1.00
| DSRI: 1.01 (Receivables 1.46b/1.53b, Revenue 3.46b/3.65b) |
| GMI: 14.73 (GM 2.99% / 44.03%) |
| AQI: 1.21 (AQ_t 0.11 / AQ_t-1 0.09) |
| SGI: 0.95 (Revenue 3.46b / 3.65b) |
| TATA: -0.01 (NI 1.70m - CFO 52.0m) / TA 3.47b) |
| Beneish M-Score: 9.49 (Cap -4..+1) = D |
What is the price of OHLA shares?
As of April 09, 2026, the stock is trading at EUR 0.45 with a total of 27,148,846 shares traded.
Over the past week, the price has changed by +5.26%, over one month by +7.00%, over three months by +22.32% and over the past year by +45.72%.
Over the past week, the price has changed by +5.26%, over one month by +7.00%, over three months by +22.32% and over the past year by +45.72%.
Is OHLA a buy, sell or hold?
Obrascon Huarte Lain has no consensus analysts rating.
What are the forecasts/targets for the OHLA price?
| Analysts Target Price | - | - |
Obrascon Huarte Lain (OHLA) - Fundamental Data Overview
as of 09 April 2026
Market Cap USD = 716.3m (621.8m EUR * 1.152 EUR.USD)P/E Forward = 10.0
P/S = 0.18
P/B = 0.9752
P/EG = 0.5148
Revenue TTM = 3.46b EUR
EBIT TTM = 128.0m EUR
EBITDA TTM = 205.1m EUR
Long Term Debt = 336.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 25.7m EUR (from shortTermDebt, last quarter)
Debt = 362.4m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -352.0m EUR (from netDebt column, last quarter)
Enterprise Value = 269.8m EUR (621.8m + Debt 362.4m - CCE 714.4m)
Interest Coverage Ratio = 1.72 (Ebit TTM 128.0m / Interest Expense TTM 74.6m)
EV/FCF = 17.97x (Enterprise Value 269.8m / FCF TTM 15.0m)
FCF Yield = 5.57% (FCF TTM 15.0m / Enterprise Value 269.8m)
FCF Margin = 0.43% (FCF TTM 15.0m / Revenue TTM 3.46b)
Net Margin = 0.05% (Net Income TTM 1.70m / Revenue TTM 3.46b)
Gross Margin = 2.99% ((Revenue TTM 3.46b - Cost of Revenue TTM 3.35b) / Revenue TTM)
Gross Margin QoQ = -9.70% (prev -2.03%)
Tobins Q-Ratio = 0.08 (Enterprise Value 269.8m / Total Assets 3.47b)
Interest Expense / Debt = 5.82% (Interest Expense 21.1m / Debt 362.4m)
Taxrate = 20.30% (12.2m / 60.1m)
NOPAT = 102.0m (EBIT 128.0m * (1 - 20.30%))
Current Ratio = 1.25 (Total Current Assets 2.75b / Total Current Liabilities 2.20b)
Debt / Equity = 0.59 (Debt 362.4m / totalStockholderEquity, last quarter 611.0m)
Debt / EBITDA = -1.72 (Net Debt -352.0m / EBITDA 205.1m)
Debt / FCF = -23.44 (Net Debt -352.0m / FCF TTM 15.0m)
Total Stockholder Equity = 579.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.05% (Net Income 1.70m / Total Assets 3.47b)
RoE = 0.29% (Net Income TTM 1.70m / Total Stockholder Equity 579.7m)
RoCE = 13.97% (EBIT 128.0m / Capital Employed (Equity 579.7m + L.T.Debt 336.7m))
RoIC = 10.98% (NOPAT 102.0m / Invested Capital 928.8m)
WACC = 7.39% (E(621.8m)/V(984.2m) * Re(8.99%) + D(362.4m)/V(984.2m) * Rd(5.82%) * (1-Tc(0.20)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 53.05%
[DCF] Terminal Value 74.42% ; FCFF base≈61.6m ; Y1≈42.1m ; Y5≈20.8m
[DCF] Fair Price = 0.59 (EV 459.4m - Net Debt -352.0m = Equity 811.4m / Shares 1.38b; r=7.39% [WACC]; 5y FCF grow -37.12% → 3.0% )
EPS Correlation: 43.34 | EPS CAGR: 17.89% | SUE: N/A | # QB: 0
Revenue Correlation: 49.63 | Revenue CAGR: 8.87% | SUE: -0.24 | # QB: 0
EPS current Year (2026-12-31): EPS=0.03 | Chg7d=+0.005 | Chg30d=+0.010 | Revisions Net=+1 | Growth EPS=+2042.9% | Growth Revenue=+11.5%
EPS next Year (2027-12-31): EPS=0.02 | Chg7d=+0.003 | Chg30d=+0.003 | Revisions Net=+0 | Growth EPS=-22.2% | Growth Revenue=+4.2%