Construcciones y Auxiliar de Ferrocarriles, S.A. (BME:CAF) Shares Could Be 34% Below Their Intrinsic Value Estimate
Dec 25
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Spanish (IBEX) Industrials Sector Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies29
- 7D0.1%
- 3M10.7%
- 1Y32.9%
- YTD31.1%
The Industrials industry has stayed flat over the last week. The past year has been better, since the industry has gained 33% in that time. In the next few years, earnings are forecast to decline by 4.3% annually.
Sector Valuation and Performance
Has the Spanish Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | €123.8b | €117.4b | €7.2b | 13.9x | 17.2x | 1.1x |
| Sat, 22 Nov 2025 | €118.7b | €117.5b | €7.2b | 13.8x | 16.5x | 1x |
| Mon, 20 Oct 2025 | €119.4b | €115.6b | €7.0b | 16x | 17x | 1x |
| Wed, 17 Sep 2025 | €115.8b | €115.6b | €7.1b | 17.4x | 16.3x | 1x |
| Fri, 15 Aug 2025 | €114.5b | €115.6b | €7.1b | 17.7x | 16.1x | 1x |
| Sun, 13 Jul 2025 | €107.8b | €112.2b | €7.0b | 17.4x | 15.5x | 1x |
| Tue, 10 Jun 2025 | €108.6b | €112.2b | €7.0b | 16.9x | 15.6x | 1x |
| Thu, 08 May 2025 | €104.3b | €108.7b | €6.9b | 17x | 15x | 1x |
| Sat, 05 Apr 2025 | €95.1b | €67.4b | €6.7b | 15.6x | 14.1x | 1.4x |
| Mon, 03 Mar 2025 | €100.0b | €109.1b | €7.2b | 13x | 13.8x | 0.9x |
| Wed, 29 Jan 2025 | €95.5b | €104.7b | €4.7b | 13.5x | 20.4x | 0.9x |
| Fri, 27 Dec 2024 | €93.2b | €104.7b | €4.7b | 13.5x | 19.9x | 0.9x |
| Sun, 24 Nov 2024 | €92.1b | €107.1b | €4.7b | 13.5x | 19.6x | 0.9x |
| Tue, 22 Oct 2024 | €94.5b | €104.9b | €4.6b | 13.6x | 20.7x | 0.9x |
| Thu, 19 Sep 2024 | €93.3b | €104.9b | €4.6b | 14.6x | 20.4x | 0.9x |
| Sat, 17 Aug 2024 | €87.5b | €104.9b | €4.6b | 13.3x | 19.1x | 0.8x |
| Mon, 15 Jul 2024 | €92.8b | €102.3b | €4.2b | 13.8x | 22x | 0.9x |
| Wed, 12 Jun 2024 | €89.8b | €102.2b | €4.2b | 14.2x | 21.3x | 0.9x |
| Fri, 10 May 2024 | €87.2b | €101.4b | €4.2b | 14.8x | 20.9x | 0.9x |
| Sun, 07 Apr 2024 | €86.4b | €101.4b | €4.1b | 15.3x | 21.2x | 0.9x |
| Tue, 05 Mar 2024 | €85.2b | €101.9b | €4.1b | 16.2x | 20.7x | 0.8x |
| Thu, 01 Feb 2024 | €96.2b | €110.8b | €2.2b | 16.8x | 44.2x | 0.9x |
| Sat, 30 Dec 2023 | €95.8b | €110.8b | €2.2b | 16.2x | 44.1x | 0.9x |
| Mon, 27 Nov 2023 | €90.5b | €110.8b | €2.2b | 15.7x | 41.6x | 0.8x |
| Wed, 25 Oct 2023 | €82.8b | €110.2b | €1.9b | 13.2x | 42.5x | 0.8x |
| Fri, 22 Sep 2023 | €86.5b | €110.3b | €2.0b | 14.1x | 44.3x | 0.8x |
| Sun, 20 Aug 2023 | €86.5b | €110.1b | €2.0b | 14.8x | 43.6x | 0.8x |
| Tue, 18 Jul 2023 | €85.9b | €107.6b | €1.6b | 17.3x | 53.7x | 0.8x |
| Thu, 15 Jun 2023 | €85.7b | €107.6b | €1.6b | 16.6x | 53.5x | 0.8x |
| Sat, 13 May 2023 | €86.0b | €105.9b | €1.5b | 17.1x | 55.6x | 0.8x |
| Mon, 10 Apr 2023 | €83.1b | €105.1b | €1.4b | 17.3x | 60x | 0.8x |
| Wed, 08 Mar 2023 | €83.4b | €104.8b | €1.4b | 17.5x | 60.5x | 0.8x |
| Fri, 03 Feb 2023 | €82.8b | €100.2b | €974.4m | 17.9x | 85x | 0.8x |
| Sun, 01 Jan 2023 | €74.7b | €100.2b | €974.4m | 15.4x | 76.7x | 0.7x |
Price to Earnings Ratio
76.7x
Current Industry PE
- Investors are pessimistic on the Spanish Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.3x which is lower than its 3-year average PE of 33.7x.
- The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 95% per year over the last three years.
- Revenues for these companies have grown 5.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Spanish Industrials sector?
| ES Market | 1.50% | |
| Industrials | 0.11% | |
| Machinery | 3.08% | |
| Logistics | 2.06% | |
| Infrastructure | 1.66% | |
| Transportation | 1.61% | |
| Building | 0% | 0 |
| Commercial Services | -0.36% | |
| Construction | -1.00% | |
| Trade Distributors | -1.23% | |
| Electrical | -1.84% | |
| Professional Services | -5.50% | |
Industry PE
- Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 12.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.8x.
Forecasted Growth
- Analysts are most optimistic on the Trade Distributors industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Construction industry is expected to see its earnings decline by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AENA Aena S.M.E | €23.86 | 1.7% +€585.0m | 19.9% | PE17.3x | |
| ACS ACS Actividades de Construcción y Servicios | €84.20 | 1.1% +€230.0m | 75.9% | PE24.5x | |
| CAF Construcciones y Auxiliar de Ferrocarriles | €58.90 | 9.9% +€181.5m | 72.5% | PE14.2x | |
| LOG Logista Integral | €29.66 | 2.1% +€79.2m | 1.3% | PE13.9x | |
| PSG Prosegur Compañía de Seguridad | €2.62 | 3.8% +€50.6m | 53.3% | PE12.9x |
