Is It Too Late To Consider Buying Sacyr, S.A. (BME:SCYR)?
Mar 22
Spanish (IBEX) Construction Industry Analysis
UpdatedMar 24, 2023
DataAggregated Company Financials
Companies11
- 7D1.7%
- 3M9.1%
- 1Y7.2%
- YTD8.8%
Over the last 7 days, the Construction industry has risen 3.3%, driven by gains from Ferrovial of 2.1%. This means that the industry has gained 7.5% over the past year. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Spanish Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Mar 2023 | €34.8b | €63.0b | €1.2b | 12.4x | 29.9x | 0.6x |
| Sun, 19 Feb 2023 | €34.4b | €59.6b | €582.2m | 12.9x | 59x | 0.6x |
| Tue, 17 Jan 2023 | €34.0b | €59.6b | €582.2m | 12.6x | 58.4x | 0.6x |
| Thu, 15 Dec 2022 | €32.8b | €59.6b | €582.2m | 12.1x | 56.3x | 0.6x |
| Sat, 12 Nov 2022 | €31.2b | €57.1b | €848.5m | 11.8x | 36.8x | 0.5x |
| Mon, 10 Oct 2022 | €29.0b | €56.8b | €842.4m | 11.4x | 34.4x | 0.5x |
| Wed, 07 Sep 2022 | €30.7b | €56.7b | €839.7m | 12.1x | 36.6x | 0.5x |
| Fri, 05 Aug 2022 | €32.2b | €56.7b | €839.7m | 12.7x | 38.3x | 0.6x |
| Sun, 03 Jul 2022 | €30.5b | €53.9b | €464.6m | 20.7x | 65.6x | 0.6x |
| Tue, 31 May 2022 | €33.1b | €53.4b | €432.2m | 13.8x | 76.5x | 0.6x |
| Thu, 28 Apr 2022 | €32.6b | €53.0b | €424.8m | 19.4x | 76.8x | 0.6x |
| Sat, 26 Mar 2022 | €32.2b | €53.0b | €424.8m | 21x | 75.7x | 0.6x |
| Mon, 21 Feb 2022 | €31.4b | €59.0b | €951.7m | 11.7x | 33x | 0.5x |
| Wed, 19 Jan 2022 | €33.5b | €59.0b | €951.7m | 12.7x | 35.2x | 0.6x |
| Fri, 17 Dec 2021 | €32.5b | €59.0b | €894.1m | 10.3x | 36.3x | 0.6x |
| Sun, 14 Nov 2021 | €33.4b | €57.9b | €882.3m | 11.3x | 37.9x | 0.6x |
| Tue, 12 Oct 2021 | €33.4b | €57.7b | €595.4m | 11.4x | 56.1x | 0.6x |
| Thu, 09 Sep 2021 | €32.7b | €57.7b | €596.1m | 11.5x | 54.8x | 0.6x |
| Sat, 07 Aug 2021 | €31.9b | €57.7b | €596.1m | 11.1x | 53.6x | 0.6x |
| Fri, 30 Apr 2021 | €32.5b | €57.8b | €504.4m | 12.6x | 64.4x | 0.6x |
| Mon, 01 Feb 2021 | €27.9b | €58.5b | €382.1m | 13x | 73x | 0.5x |
| Thu, 05 Nov 2020 | €24.6b | €57.4b | €636.8m | 8.7x | 38.6x | 0.4x |
| Sun, 09 Aug 2020 | €26.5b | €58.4b | €1.1b | 7.3x | 24.7x | 0.5x |
| Sat, 02 May 2020 | €29.2b | €62.7b | €1.4b | 11.5x | 20.2x | 0.5x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are pessimistic on the Spanish Construction 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 29.8x which is lower than its 3-year average PE of 49.0x.
- The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
- The earnings for companies in the Construction industry have declined 6.9% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Spanish Industrials industry?
| ES Market | 0.92% | |
| Industrials | 0.45% | |
| Construction | 1.69% | |
| Construction and Engineering | 1.69% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FER Ferrovial | €27.25 | 2.1% +€399.5m | 8.7% | PE173.6x | |
| ACS ACS Actividades de Construcción y Servicios | €28.99 | 1.8% +€134.3m | 17.9% | PE12.4x | |
| FCC Fomento de Construcciones y Contratas | €8.95 | 0.8% +€30.5m | -16.8% | PE12.4x | |
| ENO Elecnor | €11.40 | 1.3% +€12.7m | 7.5% | PE9.4x | |
| CLR CLERHP Estructuras | €3.40 | 20.6% +€6.8m | 131.3% | n/a |