BME:FCC

Stock Analysis Report

Fomento de Construcciones y Contratas

Executive Summary

Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, engages in the environmental services, water, and infrastructure development businesses in Spain and internationally.

Snowflake

Fundamentals

Acceptable track record with mediocre balance sheet.


Similar Companies

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


Market Performance


7 Day Return

0%

BME:FCC

1.5%

ES Construction

2.3%

ES Market


1 Year Return

-0.5%

BME:FCC

10.7%

ES Construction

-7.6%

ES Market

FCC underperformed the Construction industry which returned 11.5% over the past year.

FCC outperformed the Market in Spain which returned -7.8% over the past year.


Share holder returns

FCCIndustryMarket
7 Day0%1.5%2.3%
30 Day-3.6%-2.2%-5.3%
90 Day-3.1%4.2%-4.1%
1 Year2.3%-0.5%14.5%10.7%-4.5%-7.6%
3 Year30.2%26.6%41.9%34.4%14.0%3.5%
5 Year15.9%-22.2%21.6%-7.9%-0.2%-18.9%

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

Valuation

Is Fomento de Construcciones y Contratas undervalued based on future cash flows and its price relative to the stock market?

18.52x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Fomento de Construcciones y Contratas's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Fomento de Construcciones y Contratas's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Fomento de Construcciones y Contratas is overvalued based on earnings compared to the ES Construction industry average.

Fomento de Construcciones y Contratas is overvalued based on earnings compared to the Spain market.


Price Based on Expected Growth

Fomento de Construcciones y Contratas is poor value based on expected growth next year.


Price Based on Value of Assets

Fomento de Construcciones y Contratas is good value based on assets compared to the ES Construction industry average.


Next Steps

Future Growth

How is Fomento de Construcciones y Contratas expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fomento de Construcciones y Contratas's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).

Fomento de Construcciones y Contratas's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).

Fomento de Construcciones y Contratas's revenue growth is positive but not above the Spain market average.

Fomento de Construcciones y Contratas's earnings growth is expected to exceed the Spain market average.

Fomento de Construcciones y Contratas's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Fomento de Construcciones y Contratas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Fomento de Construcciones y Contratas performed over the past 5 years?

73.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fomento de Construcciones y Contratas has delivered over 20% year on year earnings growth in the past 5 years.

Fomento de Construcciones y Contratas's 1-year earnings growth is less than its 5-year average (7.4% vs 73%)

Fomento de Construcciones y Contratas's earnings growth has not exceeded the ES Construction industry average in the past year (7.4% vs 11.2%).


Return on Equity

Fomento de Construcciones y Contratas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Fomento de Construcciones y Contratas used its assets more efficiently than the ES Construction industry average last year based on Return on Assets.


Return on Capital Employed

Fomento de Construcciones y Contratas has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Fomento de Construcciones y Contratas's financial position?


Financial Position Analysis

Fomento de Construcciones y Contratas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Fomento de Construcciones y Contratas's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Fomento de Construcciones y Contratas's level of debt (191.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (3482.8% vs 191.7% today).

Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

What is Fomento de Construcciones y Contratas's current dividend yield, its reliability and sustainability?

3.96%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Fomento de Construcciones y Contratas's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.31%).

Fomento de Construcciones y Contratas's dividend is below the markets top 25% of dividend payers in Spain (5.61%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.9x coverage).


Next Steps

Management

What is the CEO of Fomento de Construcciones y Contratas's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average board tenure


CEO

Pablo Colio Abril 0

1.9yrs

Tenure

0

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 ...


Board Age and Tenure

4.6yrs

Average Tenure

57yo

Average Age

The tenure for the Fomento de Construcciones y Contratas board of directors is about average.


Insider Trading

More shares have been bought than sold by Fomento de Construcciones y Contratas individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

Buy€138,51925 Jun 19
Antonio Gómez Garcia
EntityIndividual
Shares11,650
Max Price€11.89
Buy€66225 Jun 19
Alejandro Aboumrad González
EntityIndividual
Role
Member of the Board of Directors
Chairman of Executive Committee & Propietary Director
Shares1,035
Max Price€0.64
Buy€520 Jun 19
Gerardo Kuri Kaufmann
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Member of Executive Committee
Shares491
Max Price€0.01
Buy€6,28518 Jun 19
Juan Rodríguez Torres
EntityIndividual
Shares9,821
Max Price€0.64
Buy€291,25008 Apr 19
Juan Rodríguez Torres
EntityIndividual
Shares25,000
Max Price€11.65
Buy€11,66005 Apr 19
Gerardo Kuri Kaufmann
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Member of Executive Committee
Shares1,000
Max Price€11.66
Buy€97,44223 Nov 18
Antonio Gómez Garcia
EntityIndividual
Shares7,890
Max Price€12.35
Buy€214,90221 Nov 18
Antonio Gómez Garcia
EntityIndividual
Shares17,419
Max Price€12.36

Ownership Breakdown


Management Team

  • Esther Alcocer Koplowitz

    Chairwoman & Member of Executive Committee

    • Tenure: 6.6yrs
    • Compensation: €62.00k
  • Felipe Bernabé García Pérez

    General Secretary

    • Tenure: 0.0yrs
  • Alicia Alcocer Koplowitz

    Propietary Director & Member of Executive Committee

    • Tenure: 20.4yrs
    • Compensation: €63.00k
  • Juan Rodríguez Torres (79yo)

    Proprietary Director & Member of Executive Committee

    • Tenure: 4.6yrs
    • Compensation: €15.00k
  • Alejandro Aboumrad González (39yo)

    Chairman of Executive Committee & Propietary Director

    • Tenure: 4.6yrs
    • Compensation: €328.00k
  • Gerardo Kuri Kaufmann (35yo)

    Executive Director & Member of Executive Committee

    • Tenure: 4.6yrs
    • Compensation: €46.00k
  • Julio Pastor Bayón

    Director of Communications & Corporate Social Responsibility

    • Tenure: 4.3yrs
  • José Cerro Redondo

    Head of Legal Services

    • Tenure: 0.0yrs
  • Miguel Angel Martinez Parra

    Administration & Finance Director

    • Tenure: 0.0yrs
  • Pablo Colio Abril

    CEO, MD

    • Tenure: 1.9yrs

Board Members

  • Esther Alcocer Koplowitz

    Chairwoman & Member of Executive Committee

    • Tenure: 6.6yrs
    • Compensation: €62.00k
  • Ignacio Bayón Mariné (75yo)

    Chairman of Realia Business

    • Tenure: 0.0yrs
  • Alicia Alcocer Koplowitz

    Propietary Director & Member of Executive Committee

    • Tenure: 20.4yrs
    • Compensation: €63.00k
  • Esther Romero de Juseu

    First Vice Chairwoman

    • Tenure: 0.0yrs
    • Compensation: €25.00k
  • Eduardo González Gómez

    Director of Institutional Relations & Non-Executive Chairman of FCC Aqualia

    • Tenure: 5.8yrs
  • Agustín García Gila

    Chairman of FCC Environmental Services & Chairman of FCC Medio Ambiente

    • Tenure: 0.0yrs
  • Juan Rodríguez Torres (79yo)

    Proprietary Director & Member of Executive Committee

    • Tenure: 4.6yrs
    • Compensation: €15.00k
  • Alejandro Aboumrad González (39yo)

    Chairman of Executive Committee & Propietary Director

    • Tenure: 4.6yrs
    • Compensation: €328.00k
  • Gerardo Kuri Kaufmann (35yo)

    Executive Director & Member of Executive Committee

    • Tenure: 4.6yrs
    • Compensation: €46.00k
  • Pablo Colio Abril

    CEO, MD

    • Tenure: 1.9yrs

Company Information

Fomento de Construcciones y Contratas, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fomento de Construcciones y Contratas, S.A.
  • Ticker: FCC
  • Exchange: BME
  • Founded: 1900
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €4.384b
  • Shares outstanding: 391.41m
  • Website: https://www.fcc.es/es/

Number of Employees


Location

  • Fomento de Construcciones y Contratas, S.A.
  • Av. Del Camino de Santiago, 40
  • Madrid
  • Madrid
  • 28050
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMOC.FOTCPK (Pink Sheets LLC)YesCommon Bearer SharesUSUSDMar 1992
FCCBME (Bolsas y Mercados Espanoles)YesCommon Bearer SharesESEURMar 1992
0HAALSE (London Stock Exchange)YesCommon Bearer SharesGBEURMar 1992
FCCDB (Deutsche Boerse AG)YesCommon Bearer SharesDEEURMar 1992
FCCEBATS-CHIXE (BATS 'Chi-X Europe')YesCommon Bearer SharesGBEURMar 1992
FCC NBMV (Bolsa Mexicana de Valores)YesCommon Bearer SharesMXMXNMar 1992
FMOC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, engages in the environmental services, water, and infrastructure development businesses in Spain and internationally. The compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:46
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.