| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
ACS Overview
ACS, Actividades de Construcción y Servicios, S.A.
ACS Actividades de Construcción y Servicios Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €22.73 |
| 52 Week High | €19.52 |
| 52 Week Low | €29.48 |
| Beta | 1.46 |
| 1 Month Change | -1.73% |
| 3 Month Change | 5.67% |
| 1 Year Change | -2.49% |
| 3 Year Change | -29.95% |
| 5 Year Change | -15.82% |
| Change since IPO | 307.93% |
Recent News & Updates
Is ACS Actividades de Construcción y Servicios (BME:ACS) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
ACS Actividades de Construcción y Servicios (BME:ACS) Seems To Be Using A Lot Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
A Look At The Intrinsic Value Of ACS, Actividades de Construcción y Servicios, S.A. (BME:ACS)
Today we will run through one way of estimating the intrinsic value of ACS, Actividades de Construcción y Servicios...
Shareholder Returns
| ACS | ES Construction | ES Market | |
|---|---|---|---|
| 7D | -0.1% | 2.1% | 0.6% |
| 1Y | -2.5% | 22.3% | 25.3% |
Return vs Industry: ACS underperformed the Spanish Construction industry which returned 22.3% over the past year.
Return vs Market: ACS underperformed the Spanish Market which returned 25% over the past year.
Price Volatility
| ACS volatility | |
|---|---|
| ACS Beta | 1.46 |
| Industry Beta | 1.12 |
| Market Beta | 1 |
Stable Share Price: ACS is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ACS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 120,130 | Cristóbal Valderas Alvarado | https://www.grupoacs.com |
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 construction activities related to development of highways, railways, maritime, and airport works; residential, and social infrastructure and facilities; and contracts for the provision of mining services and infrastructure required for mining activities. It is also involved in the industrial maintenance contracts and services, as well as support services to the clients’ operational activities, including electricity, gas, and water network maintenance services and activities; construction, installation, and maintenance services for high-voltage electricity lines, telecommunications systems, railway installations, electricity facilities, mechanical assemblies, and heating and cooling systems; and installation and operational control systems for industrial and municipal services, as well as the execution of EPC projects for the design, construction, and commissioning of projects connected to the energy sector.
ACS Actividades de Construcción y Servicios Fundamentals Summary
| ACS fundamental statistics | |
|---|---|
| Market Cap | €6.40b |
| Earnings (TTM) | €579.36m |
| Revenue (TTM) | €33.38b |
11.0x
P/E Ratio0.2x
P/S RatioIs ACS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACS income statement (TTM) | |
|---|---|
| Revenue | €33.38b |
| Cost of Revenue | €22.52b |
| Gross Profit | €10.86b |
| Expenses | €10.28b |
| Earnings | €579.36m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.06 |
| Gross Margin | 32.53% |
| Net Profit Margin | 1.74% |
| Debt/Equity Ratio | 249.4% |
How did ACS perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield85%
Payout RatioValuation
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 (€22.73) is trading below our estimate of fair value (€82.12)
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 (11x) compared to the Spanish Construction industry average (11.2x).
PE vs Market: ACS is good value based on its PE Ratio (11x) compared to the Spanish market (23.3x).
Price to Earnings Growth Ratio
PEG Ratio: ACS is poor value based on its PEG Ratio (25.2x)
Price to Book Ratio
PB vs Industry: ACS's PB Ratio (1.8x) is in line with the ES Construction industry average.
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?
0.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACS's forecast earnings growth (0.4% per year) is below the savings rate (0.9%).
Earnings vs Market: ACS's earnings (0.4% per year) are forecast to grow slower than the Spanish market (16.5% per year).
High Growth Earnings: ACS's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACS's revenue (2.7% per year) is forecast to grow slower than the Spanish market (6.4% per year).
High Growth Revenue: ACS's revenue (2.7% 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 (16.5%).
Past Performance
How has ACS Actividades de Construcción y Servicios performed over the past 5 years?
7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACS has a large one-off gain of €1.1B impacting its June 30 2021 financial results.
Growing Profit Margin: ACS's current net profit margins (1.7%) are lower than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: ACS's earnings have grown by 7.4% 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 (-28.6%) over the past year, making it difficult to compare to the Construction industry average (21.9%).
Return on Equity
High ROE: Whilst ACS's Return on Equity (20.43%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is ACS Actividades de Construcción y Servicios's financial position?
Financial Position Analysis
Short Term Liabilities: ACS's short term assets (€25.8B) exceed its short term liabilities (€21.8B).
Long Term Liabilities: ACS's short term assets (€25.8B) exceed its long term liabilities (€11.1B).
Debt to Equity History and Analysis
Debt Level: ACS's debt to equity ratio (249.4%) is considered high.
Reducing Debt: ACS's debt to equity ratio has increased from 228.4% to 249.4% over the past 5 years.
Debt Coverage: ACS's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: ACS's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
Dividend
What is ACS Actividades de Construcción y Servicios's current dividend yield, its reliability and sustainability?
5.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACS's dividend (5.56%) is higher than the bottom 25% of dividend payers in the Spanish market (1.47%).
High Dividend: ACS's dividend (5.56%) is in the top 25% of dividend payers in the Spanish market (5.42%)
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: At its current payout ratio (85.1%), ACS's 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 (69.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
24.8yrs
Average management tenure
CEO
Cristóbal Valderas Alvarado
no data
Tenure
Mr. Cristóbal Valderas Alvarado serves as the Chairman and Chief Executive Officer at Clece at ACS, Actividades de Construcción y Servicios, S.A. (formerly known as Actividades de Construcción y Servicios,...
Leadership Team
Experienced Management: ACS's management team is seasoned and experienced (24.8 years average tenure).
Board Members
Experienced Board: ACS's board of directors are considered experienced (6.5 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 employee growth, exchange listings and data sources
Key Information
- Name: ACS, Actividades de Construcción y Servicios, S.A.
- Ticker: ACS
- Exchange: BME
- Founded: 1997
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €6.399b
- Shares outstanding: 281.53m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/16 17:43 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.