(SCYR) Sacyr - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: MC (Spain) | Market Cap: 3.556m EUR | Total Return: 29.7% in 12m
Avg Turnover: 8.33M
Rev. Trend: -35.1%
Qual. Beats: 0
Warnings
High Debt/EBITDA (5.2) with thin interest coverage (1.9)
Altman Z'' 0.79 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Sacyr, S.A. is a Madrid-based multinational corporation specializing in infrastructure concessions and complex construction projects. The company operates across a broad spectrum of sectors, including transportation (roads and railways), hydraulic engineering, and urban property development. Its business model increasingly prioritizes long-term concession agreements, which typically provide more predictable cash flows compared to traditional, one-off construction contracts.
The firm’s diversified service portfolio extends to environmental works, public water supply management, and the operation of commercial and social infrastructure, such as student and senior residences. In the construction and engineering industry, companies like Sacyr often mitigate cyclical economic risks by maintaining a geographically diverse backlog of public-private partnership (PPP) projects. To better understand the companys capital allocation and debt structure, investors may find it useful to examine the detailed financial metrics available on ValueRay.
Formerly known as Sacyr Vallehermoso S.A., the entity rebranded in 2013 to reflect its strategic focus on global infrastructure management. Sacyr maintains a significant presence in international markets, providing integrated services that range from raw material sourcing and architectural design to the ongoing maintenance of information technology and energy distribution networks.
- Transition to concession-based model stabilizes long-term cash flows and reduces construction risk
- High net debt levels increase sensitivity to European Central Bank interest rate decisions
- Inflation-linked toll adjustments protect margins against rising global operating costs
- Geographic expansion in Latin America and US markets diversifies infrastructure revenue streams
- Divestment of non-core assets accelerates deleveraging and supports shareholder dividend growth targets
| Net Income: 96.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.83 > 1.0 |
| NWC/Revenue: 19.73% < 20% (prev 8.95%; Δ 10.78% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.36b > Net Income 96.5m |
| Net Debt (6.94b) to EBITDA (1.33b): 5.21 < 3 |
| Current Ratio: 1.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (799.7m) vs 12m ago 1.08% < -2% |
| Gross Margin: 16.92% > 18% (prev 0.38%; Δ 1.65k% > 0.5%) |
| Asset Turnover: 26.07% > 50% (prev 25.52%; Δ 0.55% > 0%) |
| Interest Coverage Ratio: 1.94 > 6 (EBITDA TTM 1.33b / Interest Expense TTM 593.8m) |
| A: 0.05 (Total Current Assets 6.17b - Total Current Liabilities 5.24b) / Total Assets 18.0b |
| B: 0.00 (Retained Earnings 85.8m / Total Assets 18.0b) |
| C: 0.06 (EBIT TTM 1.15b / Avg Total Assets 18.1b) |
| D: 0.01 (Book Value of Equity 85.8m / Total Liabilities 15.8b) |
| Altman-Z'' = 0.79 = B |
| DSRI: 1.33 (Receivables 3.76b/2.78b, Revenue 4.72b/4.64b) |
| GMI: 2.26 (GM 16.92% / 38.21%) |
| AQI: 1.27 (AQ_t 0.63 / AQ_t-1 0.50) |
| SGI: 1.02 (Revenue 4.72b / 4.64b) |
| TATA: -0.07 (NI 96.5m - CFO 1.36b) / TA 18.0b) |
| Beneish M = -1.51 (Cap -4..+1) = CCC |
As of May 25, 2026, the stock is trading at EUR 4.53 with a total of 1,461,391 shares traded.
Over the past week, the price has changed by -1.78%,
over one month by -3.21%,
over three months by +0.94% and
over the past year by +29.68%.
Sacyr has no consensus analysts rating.
P/E Trailing = 40.4182
P/E Forward = 23.6967
P/S = 0.7532
P/B = 3.6437
P/EG = 177.8305
Revenue TTM = 4.72b EUR
EBIT TTM = 1.15b EUR
EBITDA TTM = 1.33b EUR
Long Term Debt = 7.96b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.46b EUR (from shortTermDebt, last quarter)
Debt = 9.15b EUR (from shortLongTermDebtTotal, last quarter) + Leases 114.4m
Net Debt = 6.94b EUR (calculated: Debt 9.15b - CCE 2.20b)
Enterprise Value = 10.5b EUR (3.56b + Debt 9.15b - CCE 2.20b)
Interest Coverage Ratio = 1.94 (Ebit TTM 1.15b / Interest Expense TTM 593.8m)
EV/FCF = 9.51x (Enterprise Value 10.5b / FCF TTM 1.10b)
FCF Yield = 10.51% (FCF TTM 1.10b / Enterprise Value 10.5b)
FCF Margin = 23.40% (FCF TTM 1.10b / Revenue TTM 4.72b)
Net Margin = 2.05% (Net Income TTM 96.5m / Revenue TTM 4.72b)
Gross Margin = 16.92% ((Revenue TTM 4.72b - Cost of Revenue TTM 3.92b) / Revenue TTM)
Gross Margin QoQ = 15.21% (prev 11.23%)
Tobins Q-Ratio = 0.58 (Enterprise Value 10.5b / Total Assets 18.0b)
Interest Expense / Debt = 6.49% (Interest Expense 593.8m / Debt 9.15b)
Taxrate = 36.74% (38.9m / 105.9m)
NOPAT = 728.4m (EBIT 1.15b * (1 - 36.74%))
Current Ratio = 1.18 (Total Current Assets 6.17b / Total Current Liabilities 5.24b)
Debt / Equity = 9.16 (Debt 9.15b / totalStockholderEquity, last quarter 998.9m)
Debt / EBITDA = 5.21 (Net Debt 6.94b / EBITDA 1.33b)
Debt / FCF = 6.29 (Net Debt 6.94b / FCF TTM 1.10b)
Total Stockholder Equity = 967.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.53% (Net Income 96.5m / Total Assets 18.0b)
RoE = 9.97% (Net Income TTM 96.5m / Total Stockholder Equity 967.8m)
RoCE = 12.89% (EBIT 1.15b / Capital Employed (Equity 967.8m + L.T.Debt 7.96b))
RoIC = 5.12% (NOPAT 728.4m / Invested Capital 14.2b)
WACC = 5.12% (E(3.56b)/V(12.7b) * Re(7.73%) + D(9.15b)/V(12.7b) * Rd(6.49%) * (1-Tc(0.37)))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.39 | Cagr: 7.53%
[DCF] Terminal Value 77.94% ; FCFF base≈1.05b ; Y1≈1.20b ; Y5≈1.75b
[DCF] Fair Price = 24.35 (EV 26.4b - Net Debt 6.94b = Equity 19.5b / Shares 799.7m; r=8.35% [WACC [floored]]; 5y FCF grow 14.79% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -35.12 | Revenue CAGR: -2.16% | SUE: 0.44 | # QB: 0
EPS current Year (2026-12-31): EPS=0.21 | Chg30d=+3.31% | Revisions=+25% | GrowthEPS=+93.2% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=0.25 | Chg30d=+0.04% | Revisions=+14% | GrowthEPS=+15.7% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: +25%