ACS Actividades de Construcción y Servicios Valuation

Q: What is the Fair Price of OCI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

OCI1 (CHF37.55) is trading below our estimate of [[fair value]] (CHF42.28)

Is OCI1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OCI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OCI1 (CHF37.55) is trading below our estimate of fair value (CHF42.28)

Significantly Below Fair Value: OCI1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OCI1?

Key metric: As OCI1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OCI1. This is calculated by dividing OCI1's market cap by their current earnings.
What is OCI1's PE Ratio?
PE Ratio	13.3x
Earnings	€780.12m
Market Cap	€10.35b

OCI1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.3x
Enterprise Value/EBITDA	9.7x
PEG Ratio	5.8x

Price to Earnings Ratio vs Peers

How does OCI1's PE Ratio compare to its peers?

The above table shows the PE ratio for OCI1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.4x
BRKN Burkhalter Holding	18x	4.0%	CHF 972.3m
IMPN Implenia	4x	-9.4%	CHF 539.1m
VACN VAT Group	51.7x	21.8%	CHF 10.3b
BEAN BELIMO Holding	48.1x	9.2%	CHF 7.2b
OCI1 ACS Actividades de Construcción y Servicios	13.3x	2.3%	CHF 10.3b

Price-To-Earnings vs Peers: OCI1 is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (29.6x).

Price to Earnings Ratio vs Industry

How does OCI1's PE Ratio compare vs other companies in the European Construction Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: OCI1 is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the European Construction industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is OCI1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OCI1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OCI1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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