DB:UFG

Stock Analysis Report

Executive Summary

Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure operator and municipal services company worldwide.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Ferrovial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.5%

DB:UFG

3.5%

DE Construction

0.8%

DE Market


1 Year Return

43.2%

DB:UFG

-27.9%

DE Construction

-10.9%

DE Market

UFG outperformed the Construction industry which returned -27.9% over the past year.

UFG outperformed the Market in Germany which returned -10.9% over the past year.


Share holder returns

UFGIndustryMarket
7 Day5.5%3.5%0.8%
30 Day6.0%-6.2%-5.0%
90 Day18.3%-11.7%-2.9%
1 Year47.7%43.2%-25.0%-27.9%-8.1%-10.9%
3 Year60.5%46.2%-11.5%-18.1%10.4%0.9%
5 Year92.8%65.6%80.3%60.1%25.5%8.1%

Price Volatility Vs. Market

How volatile is Ferrovial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ferrovial undervalued based on future cash flows and its price relative to the stock market?

133.42x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Ferrovial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Ferrovial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Ferrovial is overvalued based on earnings compared to the Europe Construction industry average.

Ferrovial is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Ferrovial is poor value based on expected growth next year.


Price Based on Value of Assets

Ferrovial is overvalued based on assets compared to the Europe Construction industry average.


Next Steps

Future Growth

How is Ferrovial expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

22.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ferrovial's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Ferrovial's earnings are expected to grow significantly at over 20% yearly.

Ferrovial's revenue growth is positive but not above the Germany market average.

Ferrovial's earnings growth is expected to exceed the Germany market average.

Ferrovial's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Ferrovial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Ferrovial performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ferrovial's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Ferrovial's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Ferrovial's 1-year earnings growth is negative, it can't be compared to the Europe Construction industry average.


Return on Equity

Ferrovial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Ferrovial used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.


Return on Capital Employed

Ferrovial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ferrovial's financial position?


Financial Position Analysis

Ferrovial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Ferrovial's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Ferrovial's level of debt (156.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (152.8% vs 156.3% today).

Debt is not well covered by operating cash flow (2.5%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 0.1x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

What is Ferrovial's current dividend yield, its reliability and sustainability?

2.98%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Ferrovial's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.53%).

Ferrovial's dividend is below the markets top 25% of dividend payers in Germany (4.08%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.8x coverage).


Next Steps

Management

What is the CEO of Ferrovial's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Íñigo Meirás Amusco (56yo)

9.8yrs

Tenure

€3,599,000

Compensation

Mr. Íñigo Meirás Amusco has been the Chief Executive Officer of Ferrovial, S.A. since October 2009. Mr. Meirás Amusco serves as the Chairman and Managing Director of Finecofer, S.L. He served as the Chief  ...


CEO Compensation Analysis

Íñigo's remuneration is about average for companies of similar size in Germany.

Íñigo's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.8yrs

Average Tenure

56.5yo

Average Age

The average tenure for the Ferrovial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

11.3yrs

Average Tenure

63yo

Average Age

The average tenure for the Ferrovial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Ferrovial individual insiders in the past 3 months.


Recent Insider Transactions

Buy€44,68002 Jul 19
Óscar Fanjul Martín
EntityIndividual
Role
Lead Director
Lead Director
Shares2,000
Max Price€22.34
Buy€79,49328 Jun 19
Óscar Fanjul Martín
EntityIndividual
Role
Lead Director
Lead Director
Shares3,533
Max Price€22.50
Buy€24,86320 May 19
Óscar Fanjul Martín
EntityIndividual
Role
Lead Director
Lead Director
Shares1,217
Max Price€20.43

Ownership Breakdown


Management Team

  • Ernesto López Mozo (55yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
  • Íñigo Meirás Amusco (56yo)

    CEO & Executive Director

    • Tenure: 9.8yrs
    • Compensation: €3.60m
  • Rafael del Pino y Calvo-Sotelo (61yo)

    Chairman of the Board

    • Tenure: 19.6yrs
    • Compensation: €12.24m
  • Jorge Villén Gil

    Chief Executive Officer of Ferrovial Aeropuertos

    • Tenure: 6.7yrs
  • Alejandro de la Joya Ruiz de Velasco (52yo)

    Chief Executive Officer of Cintra

    • Tenure: 11.4yrs
  • Federico Flórez (59yo)

    Chief Information & Innovation Officer

    • Tenure: 11.3yrs
  • Santiago Ortiz Vaamonde (57yo)

    General Counsel & Secretary

    • Tenure: 10.6yrs
  • María Teresa Pulido

    Director of Corporate Strategy

    • Tenure: 0.0yrs
  • María Dionis

    Chief Human Resources Officer

    • Tenure: 4.2yrs
  • Ricardo Jiménez

    Head of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Óscar Fanjul Martín (70yo)

    Lead Director

    • Tenure: 0.0yrs
    • Compensation: €143.00k
  • Santiago Javier Fernández Valbuena (61yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: €163.00k
  • Joaquín Ayuso García (64yo)

    Second Vice Chairman of the Board

    • Tenure: 17.6yrs
    • Compensation: €150.00k
  • Jorge Bergareche Busquet (73yo)

    First Vice Chairman of the Board

    • Tenure: 20.6yrs
    • Compensation: €183.00k
  • Íñigo Meirás Amusco (56yo)

    CEO & Executive Director

    • Tenure: 9.8yrs
    • Compensation: €3.60m
  • José Fernando Sánchez-Junco Mans (71yo)

    Independent Director

    • Tenure: 9.7yrs
    • Compensation: €157.00k
  • Rafael del Pino y Calvo-Sotelo (61yo)

    Chairman of the Board

    • Tenure: 19.6yrs
    • Compensation: €12.24m
  • María del Pino y Calvo-Sotelo (62yo)

    External Proprietary Director

    • Tenure: 12.9yrs
    • Compensation: €138.00k
  • Joaquín Del Pino y Calvo-Sotelo (58yo)

    External Proprietary Director

    • Tenure: 3.8yrs
    • Compensation: €131.00k
  • Philip Bowman (66yo)

    Independent Director

    • Tenure: 3.1yrs
    • Compensation: €138.00k

Company Information

Ferrovial, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ferrovial, S.A.
  • Ticker: UFG
  • Exchange: DB
  • Founded: 1952
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €18.705b
  • Shares outstanding: 734.11m
  • Website: https://www.ferrovial.com

Number of Employees


Location

  • Ferrovial, S.A.
  • Calle Príncipe de Vergara 135
  • Madrid
  • Madrid
  • 28002
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UFGDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2004
FERBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEUROct 2004
0P2NLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2004
FRRV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2004
FER NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNOct 2004
FEREBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2004
FERWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 2004
FRRV.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure operator and municipal services company worldwide. The company engages in the design and construction of various public and pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 20:32
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.