ACS, Actividades de Construcción y Servicios, S.A. More Details
Second-rate dividend payer and slightly overvalued.
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 not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ACS's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ACS exceeded the Spanish Construction industry which returned 10.9% over the past year.
Return vs Market: ACS underperformed the Spanish Market which returned 31.3% over the past year.
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
2 days ago | Simply Wall StHere's What ACS, Actividades de Construcción y Servicios, S.A.'s (BME:ACS) Shareholder Ownership Structure Looks Like
2 weeks ago | Simply Wall StWhat Does ACS, Actividades de Construcción y Servicios, S.A.'s (BME:ACS) Share Price Indicate?
1 month ago | Simply Wall StInvestors Who Bought ACS Actividades de Construcción y Servicios (BME:ACS) Shares A Year Ago Are Now Up 38%
Is ACS Actividades de Construcción y Servicios undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACS (€27.66) is trading below our estimate of fair value (€33.11)
Significantly Below Fair Value: ACS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ACS's PE Ratio (14.2x) is in line with the Spanish Construction industry average.
PE vs Market: ACS is good value based on its PE Ratio (14.2x) compared to the Spanish market (23.5x).
Price to Earnings Growth Ratio
PEG Ratio: ACS is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ACS's PB Ratio (2.2x) is in line with the ES Construction industry average.
How is ACS Actividades de Construcción y Servicios forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACS's forecast earnings growth (10.3% per year) is above the savings rate (1%).
Earnings vs Market: ACS's earnings (10.3% per year) are forecast to grow slower than the Spanish market (22.7% per year).
High Growth Earnings: ACS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACS's revenue (0.8% per year) is forecast to grow slower than the Spanish market (7.6% per year).
High Growth Revenue: ACS's revenue (0.8% 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 low in 3 years time (18.7%).
How has ACS Actividades de Construcción y Servicios performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACS has a large one-off gain of €1.1B impacting its December 31 2020 financial results.
Growing Profit Margin: ACS's current net profit margins (1.6%) are lower than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: ACS's earnings have grown by 10.2% 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 (-52.2%) over the past year, making it difficult to compare to the Construction industry average (0.7%).
Return on Equity
High ROE: Whilst ACS's Return on Equity (20.96%) is high, this metric is skewed due to their high level of debt.
How is ACS Actividades de Construcción y Servicios's financial position?
Financial Position Analysis
Short Term Liabilities: ACS's short term assets (€24.3B) exceed its short term liabilities (€22.5B).
Long Term Liabilities: ACS's short term assets (€24.3B) exceed its long term liabilities (€10.6B).
Debt to Equity History and Analysis
Debt Level: ACS's debt to equity ratio (262.7%) is considered high.
Reducing Debt: ACS's debt to equity ratio has increased from 201.7% to 262.7% over the past 5 years.
Debt Coverage: ACS's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: ACS's interest payments on its debt are not well covered by EBIT (1.1x coverage).
What is ACS Actividades de Construcción y Servicios's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACS's dividend (2.21%) is higher than the bottom 25% of dividend payers in the Spanish market (1.6%).
High Dividend: ACS's dividend (2.21%) is low compared to the top 25% of dividend payers in the Spanish market (5.07%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.3%), ACS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACS's dividends in 3 years are forecast to be covered by earnings (69.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marcelino Fernández Verdes (65 yo)
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,...
Experienced Management: ACS's management team is seasoned and experienced (24.3 years average tenure).
Experienced Board: ACS's board of directors are considered experienced (6.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ACS, Actividades de Construcción y Servicios, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: ACS, Actividades de Construcción y Servicios, S.A.
- Ticker: ACS
- Exchange: BME
- Founded: 1997
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €7.885b
- Shares outstanding: 285.06m
- Website: https://www.grupoacs.com
Number of Employees
- ACS, Actividades de Construcción y Servicios, S.A.
- Avenida de Pio XII, 102
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||2021/05/13 00:57|
|End of Day Share Price||2021/05/12 00:00|
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.