Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, engages in the environmental services, water, and infrastructure development businesses in Europe and internationally.
Mediocre balance sheet second-rate dividend payer.
Share Price & News
How has Fomento de Construcciones y Contratas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FCC underperformed the Spanish Construction industry which returned -10.7% over the past year.
Return vs Market: FCC underperformed the Spanish Market which returned -18.7% over the past year.
Price Volatility Vs. Market
How volatile is Fomento de Construcciones y Contratas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StA Look At The Fair Value Of Fomento de Construcciones y Contratas, S.A. (BME:FCC)
3 weeks ago | Simply Wall StHere's Why Fomento de Construcciones y Contratas (BME:FCC) Has A Meaningful Debt Burden
1 month ago | Simply Wall StWhat Does Fomento de Construcciones y Contratas, S.A.'s (BME:FCC) Share Price Indicate?
Is Fomento de Construcciones y Contratas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCC (€9.08) is trading above our estimate of fair value (€6.8)
Significantly Below Fair Value: FCC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCC is poor value based on its PE Ratio (16x) compared to the Construction industry average (11.3x).
PE vs Market: FCC is poor value based on its PE Ratio (16x) compared to the Spanish market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: FCC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: FCC is overvalued based on its PB Ratio (1.8x) compared to the ES Construction industry average (1.7x).
How is Fomento de Construcciones y Contratas forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCC's forecast earnings growth (18.1% per year) is above the savings rate (1.3%).
Earnings vs Market: FCC's earnings (18.1% per year) are forecast to grow faster than the Spanish market (17.9% per year).
High Growth Earnings: FCC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCC's revenue (4.4% per year) is forecast to grow slower than the Spanish market (5.1% per year).
High Growth Revenue: FCC's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCC's Return on Equity is forecast to be low in 3 years time (15.7%).
How has Fomento de Construcciones y Contratas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCC has high quality earnings.
Growing Profit Margin: FCC's current net profit margins (3.4%) are lower than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: FCC has become profitable over the past 5 years, growing earnings by 64.4% per year.
Accelerating Growth: FCC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCC had negative earnings growth (-18.6%) over the past year, making it difficult to compare to the Construction industry average (46.4%).
Return on Equity
High ROE: FCC's Return on Equity (11.7%) is considered low.
How is Fomento de Construcciones y Contratas's financial position?
Financial Position Analysis
Short Term Liabilities: FCC's short term assets (€4.1B) exceed its short term liabilities (€3.3B).
Long Term Liabilities: FCC's short term assets (€4.1B) do not cover its long term liabilities (€6.6B).
Debt to Equity History and Analysis
Debt Level: FCC's debt to equity ratio (197.8%) is considered high.
Reducing Debt: FCC's debt to equity ratio has reduced from 1351.6% to 197.8% over the past 5 years.
Debt Coverage: FCC's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: FCC's interest payments on its debt are well covered by EBIT (4.6x coverage).
What is Fomento de Construcciones y Contratas's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCC's dividend (4.41%) is higher than the bottom 25% of dividend payers in the Spanish market (2.64%).
High Dividend: FCC's dividend (4.41%) is low compared to the top 25% of dividend payers in the Spanish market (7.51%).
Stability and Growth of Payments
Stable Dividend: FCC's dividend payments have been volatile in the past 10 years.
Growing Dividend: FCC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.3%), FCC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCC's dividends in 3 years are forecast to be well covered by earnings (47.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Pablo Colio Abril (51yo)
Mr. Pablo Colio Abril has been Chief Executive Officer and Managing Director of Fomento De Construcciones Y Contratas, S.A. (FCC Construction) and serves as its Member of Executive Committee. Mr. Abril ser ...
|Chairwoman & Member of Executive Committee||7.33yrs||€62.00k||no data|
|Chairman of Executive Committee & Propietary Director||5.33yrs||€328.00k||0.0080% €285.1k|
|Executive Director & Member of Executive Committee||5.33yrs||€46.00k||0.0049% €172.9k|
|Proprietary Director & Member of Executive Committee||4.83yrs||€15.00k||0.047% €1.7m|
|CEO, MD||2.67yrs||no data||0.0070% €249.2k|
|Propietary Director & Member of Executive Committee||21.17yrs||€63.00k||no data|
|Director of Institutional Relations & Non-Executive Chairman of FCC Aqualia||6.58yrs||no data||no data|
|Chairman & CEO of Cementos Portland Valderrivas||no data||no data||no data|
|Chairman of Realia Business||no data||no data||no data|
|First Vice Chairwoman||no data||€25.00k||0.046% €1.6m|
Experienced Board: FCC's board of directors are considered experienced (5.3 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.
Fomento de Construcciones y Contratas, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Fomento de Construcciones y Contratas, S.A.
- Ticker: FCC
- Exchange: BME
- Founded: 1900
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €3.550b
- Shares outstanding: 391.01m
- Website: https://www.fcc.es/es/
Number of Employees
- Fomento de Construcciones y Contratas, S.A.
- Avda. Camino de Santiago, 40
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FMOC.F||OTCPK (Pink Sheets LLC)||Yes||Common Bearer Shares||US||USD||Mar 1992|
|FCC||BME (Bolsas y Mercados Espanoles)||Yes||Common Bearer Shares||ES||EUR||Mar 1992|
|0HAA||LSE (London Stock Exchange)||Yes||Common Bearer Shares||GB||EUR||Mar 1992|
|FCC||DB (Deutsche Boerse AG)||Yes||Common Bearer Shares||DE||EUR||Mar 1992|
|FCCE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Bearer Shares||GB||EUR||Mar 1992|
|FCC N||BMV (Bolsa Mexicana de Valores)||Yes||Common Bearer Shares||MX||MXN||Mar 1992|
|FMOC.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Oct 2008|
Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, engages in the environmental services, water, and infrastructure development businesses in Europe and internationally. The company offers services related with urban sanitation, the treatment of industrial waste, and waste recycling. It also provides services related with the end-to-end water cycle, including capturing, drinkability, and distribution of water for human consumption; capturing, filtration, and purification of wastewater; and design, construction, operation, and maintenance of water infrastructures for municipal, industrial, agricultural services, etc. In addition, the company undertakes infrastructure works and building construction, such as motorways, highways, roads, tunnels, bridges, hydraulic works, ports, airports, residential complexes, homes, non-residential building constructions, lighting, industrial hot and cold facilities, environmental restoration, etc. Further, it is involved in the operation of mines and mineral sites; manufacture of cement, limestone, plaster, and derivate pre-manufactured products; and production of concrete. The company was founded in 1900 and is headquartered in Madrid, Spain. Fomento de Construcciones y Contratas, S.A. is a subsidiary of Control Empresarial de Capitales, S.A. de C.V.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 21:57|
|End of Day Share Price||2020/05/29 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.