ACS Actividades de Construcción y Servicios
Market Cap
€10.9b
Last Updated
2019/10/19 20:45 UTC
Data Sources
Company Financials +
Executive Summary
ACS, Actividades de Construcción y Servicios, S.A.
Snowflake
Fundamentals
Excellent balance sheet, good value and pays a dividend.
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
Market Performance
7 Day Return
-1.2%
ACS
0.2%
ES Construction
0.5%
ES Market
1 Year Return
10.1%
ACS
18.7%
ES Construction
4.6%
ES Market
Return vs Industry: ACS underperformed the Spanish Construction industry which returned 18.7% over the past year.
Return vs Market: ACS exceeded the Spanish Market which returned 4.6% over the past year.
Shareholder returns
| ACS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 0.2% | 0.5% |
| 30 Day | -0.8% | -1.3% | 1.6% |
| 90 Day | -2.9% | 1.4% | 0.4% |
| 1 Year | 14.8%10.1% | 22.7%18.7% | 8.1%4.6% |
| 3 Year | 46.8%32.4% | 36.9%28.4% | 13.6%3.1% |
| 5 Year | 45.6%22.5% | 31.3%0.3% | 9.0%-11.5% |
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
1 week ago | Simply Wall St
Does The Data Make ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) An Attractive Investment?2 weeks ago | Simply Wall St
Does ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS) Have A Good P/E Ratio?6 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS)?Valuation
Is ACS Actividades de Construcción y Servicios undervalued compared to its fair value and its price relative to the market?
24.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: ACS (€35.74) is trading below our estimate of fair value (€47.52)
Significantly Undervalued: ACS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ACS is good value based on its PE Ratio (11.1x) compared to the Construction industry average (11.5x).
PE vs Market: ACS is good value based on its PE Ratio (11.1x) compared to the Spanish market (16.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: ACS is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: ACS is good value based on its PB Ratio (2.7x) compared to the ES Construction industry average (2.7x).
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 14 analysts?
2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACS's forecast earnings growth (2.8% per year) is above the savings rate (1.5%).
Earnings vs Market: ACS's earnings (2.8% per year) are forecast to grow slower than the Spanish market (7.6% 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 (3.7% 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
High Future ROE: ACS's Return on Equity is forecast to be low in 3 years time (16.7%).
Next Steps
Past Performance
How has ACS Actividades de Construcción y Servicios performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ACS's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: ACS's earnings growth over the past year (19.1%) exceeds its 5-year average (11% per year).
Earnings vs Industry: ACS earnings growth over the past year (19.1%) exceeded the Construction industry 9.3%.
Return on Equity
High ROE: Whilst ACS's Return on Equity (25.02%) is high, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: ACS's Return on Assets is below or equal to the Construction industry average last year.
Return on Capital Employed
ROCE Improving: ACS has significantly improved its Return on Capital Employed over the past 3 years.
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 (€23.0B) exceeds its short term liabilities (€22.8B)
Long Term Liabilities: ACS's short term assets (23.0B) exceeds its long term liabilities (8.7B)
Debt to Equity History and Analysis
Debt Level: ACS's debt to equity ratio (147.9%) is considered high
Reducing Debt: ACS's debt to equity ratio has reduced from 243.9% to 147.9% over the past 5 years.
Debt Coverage: ACS's debt is well covered by operating cash flow (28.5%).
Interest Coverage: ACS's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
Inventory Level: ACS has a low level of unsold assets or inventory.
Debt Coverage by Assets: ACS's debt is covered by short term assets (assets are 2.769910x debt).
Next Steps
Dividend
What is ACS Actividades de Construcción y Servicios's current dividend yield, its reliability and sustainability?
5.29%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ACS's dividend (5.29%) is higher than the bottom 25% of dividend payers in the Spanish market (2.31%).
High Dividend: ACS's dividend (5.29%) is low compared to the top 25% of dividend payers in the Spanish market (5.65%).
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 reasonable payout ratio (58.9%), ACS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACS's dividends in 3 years are forecast to be covered by earnings (62.6% payout ratio).
Next Steps
Management
What is the CEO of ACS Actividades de Construcción y Servicios's salary, the management and board of directors tenure and is there insider trading?
10.2yrs
Average board tenure
CEO
Marcelino Fernandez Verdes (64yo)
2.4yrs
Tenure
Mr. Marcelino Fernández Verdes, Civ Eng, has been an Executive Chairman of CIMIC Group Limited since June 11, 2014 and its Executive Director since October 10, 2012. Mr. Fernández Verdes has been the Chair ...
Board Age and Tenure
10.2yrs
Average Tenure
71yo
Average Age
Experienced Board: ACS's board of directors are seasoned and experienced ( 10.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors General Secretary & Executive Director |
| Shares | 11,598 |
| Max Price | €0.50 |
| Entity | Individual |
| Shares | 1,408 |
| Max Price | €36.25 |
| Entity | Individual |
| Shares | 22,869 |
| Max Price | €36.25 |
| Entity | Individual |
| Role | Member of the Board of Directors General Secretary & Executive Director |
| Shares | 3,764 |
| Max Price | €50.00 |
| Entity | Individual |
| Shares | 7,425 |
| Max Price | €34.20 |
| Entity | Individual |
| Shares | 457 |
| Max Price | €34.20 |
| Entity | Individual |
| Role | Vice Chairman Vice-Chairman |
| Shares | 34,000 |
| Max Price | €34.07 |
Ownership Breakdown
Management Team
Florentino Pérez Rodríguez (72yo)
Executive Chairman
- Tenure: 26.8yrs
- Compensation: €4.58m
Peter Davoren (64yo)
Chairman & Chief Executive Officer of Turner Construction
- Tenure: 0yrs
Ángel Manuel García Altozano (70yo)
Corporate General Manager
- Tenure: 0yrs
Marcelino Fernandez Verdes (64yo)
CEO & Executive Director
- Tenure: 2.4yrs
Agustín Batuecas Torrego (70yo)
Executive Director
- Tenure: 0yrs
- Compensation: €80.00k
José Luis Del Valle Pérez (69yo)
General Secretary & Executive Director
- Tenure: 30.3yrs
- Compensation: €2.76m
Eugenio Llorente Gómez (72yo)
Chairman & Chief Executive Officer of Industrial Services
- Tenure: 0yrs
Antonio García Ferrer (74yo)
Vice-Chairman
- Tenure: 15.8yrs
- Compensation: €1.74m
Cristóbal Valderas Alvarado
Chief Executive Officer of Clece
- Tenure: 0yrs
John DiCiurcio (64yo)
Chairman & Chief Executive Officer of Flatiron
- Tenure: 3.4yrs
Board Members
José María Loizaga Viguri (83yo)
Vice-Chairman
- Tenure: 0yrs
- Compensation: €400.00k
Florentino Pérez Rodríguez (72yo)
Executive Chairman
- Tenure: 26.8yrs
- Compensation: €4.58m
Peter Davoren (64yo)
Chairman & Chief Executive Officer of Turner Construction
- Tenure: 0yrs
Marcelino Fernandez Verdes (64yo)
CEO & Executive Director
- Tenure: 2.4yrs
Agustín Batuecas Torrego (70yo)
Executive Director
- Tenure: 0yrs
- Compensation: €80.00k
José Luis Del Valle Pérez (69yo)
General Secretary & Executive Director
- Tenure: 30.3yrs
- Compensation: €2.76m
Eugenio Llorente Gómez (72yo)
Chairman & Chief Executive Officer of Industrial Services
- Tenure: 0yrs
Antonio García Ferrer (74yo)
Vice-Chairman
- Tenure: 15.8yrs
- Compensation: €1.74m
John DiCiurcio (64yo)
Chairman & Chief Executive Officer of Flatiron
- Tenure: 3.4yrs
Antonio Botella García (72yo)
Independent Director
- Tenure: 4.5yrs
- Compensation: €84.00k
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: €10.878b
- Shares outstanding: 304.37m
- Website: https://www.grupoacs.com
Number of Employees
Location
- ACS, Actividades de Construcción y Servicios, S.A.
- Avenida de Pío 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 |
| 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 operates thro ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:45 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.