WBD Stock Analysis: Webuild S.p.A. | MI

Transportation Infrastructure, Water Infrastructure, Hydropower, Buildings

Total Rating 23

Safety 65

Buy Signal -0.49

Engineering & Construction
Industry Rotation: +4.5

Market Cap: 2.11B
Avg Turnover: 6.67M

Risk 3d forecast

Volatility34.2%

VaR 5^th Pctl5.70%

VaR vs Median1.43%

Reward TTM

Sharpe Ratio-1.60

Rel. Str. IBD5.2

Rel. Str. Peer Group9.8

Character TTM

Beta1.091

Beta Downside0.857

Hurst Exponent0.592

Drawdowns 3y

Max DD54.11%

CAGR/Max DD0.14

CAGR/Mean DD0.53

Warnings

Interest Coverage Ratio Critical

Altman Z'' In Financial Distress Zone

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan +0.5% 19

Feb +0.9% 5

Mar -2.0% 8

Apr +0.5% 17

May +1.6% 8

Jun -3.1% 24

Jul +1.2% 23

Aug +0.3% 17

Sep -3.1% 21

Oct -0.8% 26

Nov -2.1% 14

Dec +0.5% 13

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.

Description: WBD Webuild S.p.A.

quartered global construction and engineering company that designs and builds large-scale infrastructure across multiple end markets, including mobility, hydroenergy, water, and green buildings. Its portfolio spans transport infrastructure (roads, motorways, metros, railways, bridges, viaducts, ports, tunnels, airports, and sea works), civil and industrial buildings (stadiums, hospitals), and water-related projects such as dams, desalination and water treatment plants, hydraulic works, and irrigation reservoirs. The group is also active in the development of hydropower plants and pumped storage facilities, and is based in Lombardia, Italy.

As a player in the global Construction & Engineering sub-industry, Webuild operates within a project-based business model characterized by large, multi-year contracts, often awarded by public-sector or concession clients. This typically results in a backlog-driven revenue profile with revenue recognition tied to long execution timelines and milestone-based progress on complex civil works.

Headlines to Watch Out For

Italian PNRR infrastructure funds accelerate project pipeline order intake
Input cost inflation and supply chain pressures squeeze construction margins
Middle East and Australian mega-project wins diversify revenue away from Italy

Piotroski VR-10 (Strict) 2.0

Net Income: 242.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 6.09 > 1.0
NWC/Revenue: 5.65% < 20% (prev 4.28%; Δ 1.38% < -1%)
CFO/TA 0.05 > 3% & CFO 929.6m > Net Income 242.1m
Net Debt (1.12b) to EBITDA (352.0m): 3.17 < 3
Current Ratio: 1.05 > 1.5 & < 3
Outstanding Shares: last quarter (1.02b) vs 12m ago 3.27% < -2%
Gross Margin: 21.93% > 18% (prev 29.05%; Δ -7.12% > 0.5%)
Asset Turnover: 68.93% > 50% (prev 68.83%; Δ 0.10% > 0%)
Interest Coverage Ratio: -0.30 > 6 (EBIT TTM -148.8m / Interest Expense TTM 493.7m)

Altman Z'' 0.45

A: 0.04 (Total Current Assets 14.5b - Total Current Liabilities 13.8b) / Total Assets 18.4b
B: 0.05 (Retained Earnings 836.0m / Total Assets 18.4b)
C: -0.01 (EBIT TTM -148.8m / Avg Total Assets 18.0b)
D: 0.11 (Book Value of Equity 1.76b / Total Liabilities 16.6b)
Altman-Z'' = 0.45 = B

Beneish M -2.97

DSRI: 0.70 (Receivables 6.40b/8.86b, Revenue 12.4b/12.1b)
GMI: 1.32 (GM 29.05% / 21.93%)
AQI: 0.98 (AQ_t 0.10 / AQ_t-1 0.10)
SGI: 1.03 (Revenue 12.4b / 12.1b)
TATA: -0.04 (NI 242.1m - CFO 929.6m) / TA 18.4b)
Beneish M = -2.97 (Cap -4..+1) = A

What is the price of WBD shares?

As of October 09, 2026, the stock is trading at EUR 1.87 with a total of 4,604,600 shares traded. Over the past week, the price has changed by -2.96%, over one month by -14.59%, over three months by -14.20% and over the past year by -44.78%.

Current recommended Stop Loss: 1.70 (which is 9.1% or 2.8 ATR below the current price).

Is WBD a buy, sell or hold?

Webuild S.p.A. has no consensus analysts rating.

Webuild S.p.A. (WBD) - Fundamental Data Overview as of 09 October 2026

Market Cap USD = 2.11b (1.87b EUR * 1.1253 EUR.USD)
P/E Trailing = 7.568
P/E Forward = 1666.6667
P/S = 0.1506
P/B = 1.1071
P/EG = 0.4056
Revenue TTM = 12.4b EUR
EBIT TTM = -148.8m EUR
EBITDA TTM = 352.0m EUR
Long Term Debt = 2.49b EUR (from longTermDebt, last quarter)
Short Term Debt = 757.2m EUR (from shortTermDebt, last quarter)
Debt = 3.48b EUR (from shortLongTermDebtTotal, last quarter) + Leases 156.7m
Net Debt = 1.12b EUR (calculated: Debt 3.48b - CCE 2.37b)
Enterprise Value = 2.99b EUR (1.87b + Debt 3.48b - CCE 2.37b)
Interest Coverage Ratio = -0.30 (Ebit TTM -148.8m / Interest Expense TTM 493.7m)
EV/FCF = 11.37x (Enterprise Value 2.99b / FCF TTM 262.8m)
FCF Yield = 8.79% (FCF TTM 262.8m / Enterprise Value 2.99b)
FCF Margin = 2.12% (FCF TTM 262.8m / Revenue TTM 12.4b)
Net Margin = 1.95% (Net Income TTM 242.1m / Revenue TTM 12.4b)
Gross Margin = 21.93% ((Revenue TTM 12.4b - Cost of Revenue TTM 9.70b) / Revenue TTM)
Gross Margin QoQ = 21.13% (prev 22.66%)
Tobins Q-Ratio = 0.16 (Enterprise Value 2.99b / Total Assets 18.4b)
Interest Expense / Debt = 14.17% (Interest Expense 493.7m / Debt 3.48b)
Taxrate = 47.22% (196.4m / 415.8m)
NOPAT = -78.5m (EBIT -148.8m * (1 - 47.22%)) [loss with tax shield]
Current Ratio = 1.05 (Total Current Assets 14.5b / Total Current Liabilities 13.8b)
Debt / Equity = 1.98 (Debt 3.48b / totalStockholderEquity, last quarter 1.76b)
Debt / EBITDA = 3.17 (Net Debt 1.12b / EBITDA 352.0m)
Debt / FCF = 4.25 (Net Debt 1.12b / FCF TTM 262.8m)
Total Stockholder Equity = 1.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.34% (Net Income 242.1m / Total Assets 18.4b)
RoE = 14.40% (Net Income TTM 242.1m / Total Stockholder Equity 1.68b)
RoCE = -3.56% (EBIT -148.8m / Capital Employed (Equity 1.68b + L.T.Debt 2.49b))
RoIC = -1.63% (negative operating profit) (NOPAT -78.5m / Invested Capital 4.83b)
WACC = 8.30% (E(1.87b)/V(5.35b) * Re(9.83%) + D(3.48b)/V(5.35b) * Rd(14.17%) * (1-Tc(0.47)))
Discount Rate = 9.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 18.85 | Cagr: 0.56%
[DCF] Terminal Value 75.44% ; FCFF base≈262.8m ; Y1≈263.9m ; Y5≈279.5m
[DCF] Fair Price = 3.27 (EV 4.35b - Net Debt 1.12b = Equity 3.23b / Shares 987.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
Revenue Correlation: 89.24 | Revenue CAGR: 21.49% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.31 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=+8.8% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=0.36 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+15.1% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: -22% (up=2, down=4)