ACS Actividades de Construcción y Servicios
Market Cap
€7.8b
Last Updated
2020/11/27 19:20 UTC
Data Sources
Company Financials +
Executive Summary
ACS, Actividades de Construcción y Servicios, S.A. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Undervalued average dividend payer.
Similar Companies
Share Price & News
How has ACS Actividades de Construcción y Servicios's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACS is more volatile than 90% of Spanish stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ACS's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Spanish stocks.
Market Performance
7 Day Return
5.3%
ACS
3.3%
ES Construction
2.0%
ES Market
1 Year Return
-24.1%
ACS
-17.0%
ES Construction
-10.5%
ES Market
Return vs Industry: ACS underperformed the Spanish Construction industry which returned -17% over the past year.
Return vs Market: ACS underperformed the Spanish Market which returned -10.5% over the past year.
Shareholder returns
| ACS | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | 3.3% | 2.0% |
| 30 Day | 33.6% | 19.7% | 19.3% |
| 90 Day | 26.4% | 9.2% | 13.2% |
| 1 Year | -18.9%-24.1% | -14.1%-17.0% | -8.0%-10.5% |
| 3 Year | -3.6%-16.1% | 11.3%1.2% | -8.0%-16.3% |
| 5 Year | 16.6%-5.3% | 17.6%0.9% | -0.9%-15.9% |
Long-Term Price Volatility Vs. Market
How volatile is ACS Actividades de Construcción y Servicios's share price compared to the market and industry in the last 5 years?
Simply Wall St News
21 hours ago | Simply Wall St
With A 7.1% Return On Equity, Is ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) A Quality Stock?1 week ago | Simply Wall St
Is ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) A Strong Dividend Stock?Valuation
Is ACS Actividades de Construcción y Servicios undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACS (€26.82) is trading below our estimate of fair value (€69.84)
Significantly Below Fair Value: ACS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACS is good value based on its PE Ratio (12x) compared to the ES Construction industry average (12.1x).
PE vs Market: ACS is good value based on its PE Ratio (12x) compared to the Spanish market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: ACS is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: ACS is overvalued based on its PB Ratio (2.2x) compared to the ES Construction industry average (1.8x).
Next Steps
Future Growth
How is ACS Actividades de Construcción y Servicios forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACS's forecast earnings growth (15.4% per year) is above the savings rate (1.3%).
Earnings vs Market: ACS's earnings (15.4% per year) are forecast to grow slower than the Spanish market (35.3% per year).
High Growth Earnings: ACS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACS's revenue (3.3% per year) is forecast to grow slower than the Spanish market (6.5% per year).
High Growth Revenue: ACS's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACS's Return on Equity is forecast to be high in 3 years time (20.1%)
Next Steps
Past Performance
How has ACS Actividades de Construcción y Servicios performed over the past 5 years?
11.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACS has a large one-off gain of €329.1M impacting its September 30 2020 financial results.
Growing Profit Margin: ACS's current net profit margins (1.8%) are lower than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: ACS's earnings have grown by 11.2% per year over the past 5 years.
Accelerating Growth: ACS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACS had negative earnings growth (-32.5%) over the past year, making it difficult to compare to the Construction industry average (1.7%).
Return on Equity
High ROE: ACS's Return on Equity (7.1%) is considered low.
Next Steps
Financial Health
How is ACS Actividades de Construcción y Servicios's financial position?
Financial Position Analysis
Short Term Liabilities: ACS's short term assets (€24.8B) exceed its short term liabilities (€22.9B).
Long Term Liabilities: ACS's short term assets (€24.8B) exceed its long term liabilities (€11.2B).
Debt to Equity History and Analysis
Debt Level: ACS's debt to equity ratio (292.9%) is considered high.
Reducing Debt: ACS's debt to equity ratio has increased from 191% to 292.9% over the past 5 years.
Debt Coverage: ACS's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: ACS's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
Next Steps
Dividend
What is ACS Actividades de Construcción y Servicios's current dividend yield, its reliability and sustainability?
9.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACS's dividend (9.09%) is higher than the bottom 25% of dividend payers in the Spanish market (2.16%).
High Dividend: ACS's dividend (9.09%) is in the top 25% of dividend payers in the Spanish market (6.52%)
Stability and Growth of Payments
Stable Dividend: ACS's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.9%), ACS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACS's dividends in 3 years are forecast to be covered by earnings (61.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
23.8yrs
Average management tenure
CEO
Marcelino Fernández Verdes (65 yo)
3.5yrs
Tenure
Mr. Marcelino Fernández Verdes, Civ Eng, served as Executive Chairman of CIMIC Group Limited from June 11, 2014 to November 6, 2020 and served as its Executive Director from October 10, 2012 to November 6,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 27.83yrs | €4.58m | 13.65% € 1.1b | |
| Vice-Chairman | 16.92yrs | €1.74m | 0.033% € 2.6m | |
| Executive Director | 21.42yrs | €80.00k | 0.66% € 52.0m | |
| General Secretary & Executive Director | 31.42yrs | €2.76m | 0.11% € 8.3m | |
| CEO & Executive Director | 3.5yrs | no data | 0.011% € 852.6k | |
| Corporate Managing Director | 23.83yrs | no data | no data | |
| Chairman & Chief Executive Officer of Industrial Services Division | no data | no data | no data | |
| Chief Executive Officer of Clece | no data | no data | no data | |
| Chairman & Chief Executive Officer of Turner Construction | no data | no data | no data | |
| Chairman & Chief Executive Officer of Flatiron | 4.5yrs | no data | no data | |
| CEO of HOCHTIEF Solutions & Member of the Executive Board - HOCHTIEF AG | no data | no data | no data | |
| Chief Executive Officer of CIMIC Group | no data | no data | no data |
23.8yrs
Average Tenure
70.5yo
Average Age
Experienced Management: ACS's management team is seasoned and experienced (23.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 27.83yrs | €4.58m | 13.65% € 1.1b | |
| Vice-Chairman | 16.92yrs | €1.74m | 0.033% € 2.6m | |
| Executive Director | 21.42yrs | €80.00k | 0.66% € 52.0m | |
| General Secretary & Executive Director | 31.42yrs | €2.76m | 0.11% € 8.3m | |
| CEO & Executive Director | 3.5yrs | no data | 0.011% € 852.6k | |
| Chairman & Chief Executive Officer of Industrial Services Division | no data | no data | no data | |
| Chairman & Chief Executive Officer of Turner Construction | no data | no data | no data | |
| Chairman & Chief Executive Officer of Flatiron | 4.5yrs | no data | no data | |
| External Director | 31.42yrs | €125.00k | 0.21% € 16.2m | |
| Independent Director | 5.58yrs | €66.00k | no data | |
| Independent Director | 5.58yrs | €84.00k | no data | |
| Independent Director | 3.75yrs | no data | no data |
11.3yrs
Average Tenure
71yo
Average Age
Experienced Board: ACS's board of directors are seasoned and experienced ( 11.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ACS, Actividades de Construcción y Servicios, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ACS, Actividades de Construcción y Servicios, S.A.
- Ticker: ACS
- Exchange: BME
- Founded:
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €7.844b
- Shares outstanding: 289.55m
- Website: https://www.grupoacs.com
Number of Employees
Location
- ACS, Actividades de Construcción y Servicios, S.A.
- Avenida de Pio XII, 102
- Madrid
- Madrid
- 28036
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACSA.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1990 |
| ACS | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Oct 1990 |
| OCI1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1990 |
| 0HAC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 1990 |
| ACSE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 1990 |
| ACS | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Oct 1990 |
| OCI1 | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Oct 1990 |
| ACSA.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
ACS, Actividades de Construcción y Servicios, S.A. provides construction and related services in Spain, Rest of Europe, North America, South America, the Asia Pacific, and Africa. The company undertakes co...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:20 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.