Sacyr, S.A.

DB:VHM Stock Report

Market Cap: €2.5b

Sacyr Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: VHM (€3.15) is trading above our estimate of fair value (€1.23)

Significantly Below Fair Value: VHM is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As VHM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VHM. This is calculated by dividing VHM's market cap by their current revenue.
What is VHM's PS Ratio?
PS Ratio0.5x
Sales€4.64b
Market Cap€2.46b

Price to Sales Ratio vs Peers

How does VHM's PS Ratio compare to its peers?

The above table shows the PS ratio for VHM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
NCH2 thyssenkrupp nucera KGaA
1.6x12.5%€1.4b
HOT HOCHTIEF
0.3x6.3%€9.8b
B5A0 BAUER
0.1x3.2%€180.8m
JUN3 Jungheinrich
0.5x5.1%€2.7b
VHM Sacyr
0.5x2.1%€2.5b

Price-To-Sales vs Peers: VHM is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does VHM's PS Ratio compare vs other companies in the European Construction Industry?

23 CompaniesPrice / SalesEstimated GrowthMarket Cap
VHM 0.5xIndustry Avg. 0.5xNo. of Companies39PS00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VHM is expensive based on its Price-To-Sales Ratio (0.5x) compared to the European Construction industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

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

VHM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: VHM is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).

Analyst Price Targets

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

The above table shows the analyst VHM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.14
€4.14
+31.9%
6.3%€4.45€3.50n/a11
Jan ’26€3.13
€4.14
+32.3%
6.3%€4.45€3.50n/a11
Dec ’25€3.07
€4.16
+35.6%
6.2%€4.45€3.50n/a11
Nov ’25€3.05
€4.19
+37.3%
6.2%€4.45€3.50n/a11
Oct ’25€3.28
€4.09
+24.6%
7.3%€4.45€3.50n/a12
Sep ’25€3.23
€4.09
+26.9%
7.6%€4.45€3.50n/a11
Aug ’25€3.10
€4.09
+31.9%
7.6%€4.45€3.50n/a11
Jul ’25€3.33
€4.12
+23.6%
6.3%€4.40€3.53n/a10
Jun ’25€3.40
€4.02
+18.2%
6.5%€4.40€3.53n/a9
May ’25€3.24
€3.85
+18.9%
7.1%€4.20€3.40n/a10
Apr ’25€3.40
€3.82
+12.4%
7.2%€4.20€3.40n/a9
Mar ’25€3.04
€3.85
+26.8%
7.1%€4.20€3.40n/a10
Feb ’25€3.07
€3.76
+22.5%
9.2%€4.20€3.15n/a9
Jan ’25€3.09
€3.76
+21.8%
9.2%€4.20€3.15€3.139
Dec ’24€3.07
€3.77
+22.7%
9.1%€4.20€3.15€3.079
Nov ’24€2.70
€3.70
+37.0%
9.1%€4.10€3.15€3.058
Oct ’24€2.75
€3.68
+34.1%
8.7%€4.10€3.15€3.288
Sep ’24€2.91
€3.67
+26.2%
8.7%€4.10€3.15€3.238
Aug ’24€3.01
€3.67
+22.0%
8.7%€4.10€3.15€3.108
Jul ’24€3.11
€3.67
+17.9%
8.7%€4.10€3.15€3.338
Jun ’24€2.82
€3.56
+26.3%
6.8%€4.00€3.15€3.409
May ’24€2.98
€3.55
+19.2%
6.8%€4.00€3.15€3.249
Apr ’24€2.94
€3.49
+18.9%
6.8%€3.85€3.15€3.409
Mar ’24€3.03
€3.49
+15.4%
6.8%€3.85€3.15€3.049
Feb ’24€2.83
€3.48
+23.2%
7.1%€3.85€3.12€3.079
Jan ’24€2.59
€3.48
+34.4%
7.1%€3.85€3.12€3.099

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 08:02
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sacyr, S.A. is covered by 28 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guillermo Barrio ColonguesAhorro Corporación
Pierre-Yves GauthierAlphaValue
Filipe LeiteBanco BPI, S.A.