Ferrovial
Market Cap
€14.7b
Last Updated
2021/01/22 18:39 UTC
Data Sources
Company Financials +
Executive Summary
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure and mobility operator worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Ferrovial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FER is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FER's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
FER
-2.9%
ES Construction
-1.1%
ES Market
1 Year Return
-31.8%
FER
-25.1%
ES Construction
-12.3%
ES Market
Return vs Industry: FER underperformed the Spanish Construction industry which returned -25.1% over the past year.
Return vs Market: FER underperformed the Spanish Market which returned -12.3% over the past year.
Shareholder returns
| FER | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -2.9% | -1.1% |
| 30 Day | -10.6% | -4.7% | 1.0% |
| 90 Day | -2.3% | 7.1% | 15.7% |
| 1 Year | -30.5%-31.8% | -22.5%-25.1% | -9.8%-12.3% |
| 3 Year | 17.9%9.1% | 1.7%-7.5% | -10.5%-18.7% |
| 5 Year | 15.3%0.2% | 23.9%6.5% | 12.4%-4.7% |
Long-Term Price Volatility Vs. Market
How volatile is Ferrovial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Ferrovial (BME:FER) Takes On Some Risk With Its Use Of Debt1 month ago | Simply Wall St
What Type Of Shareholders Make Up Ferrovial, S.A.'s (BME:FER) Share Registry?1 month ago | Simply Wall St
If You Had Bought Ferrovial (BME:FER) Stock Three Years Ago, You Could Pocket A 28% Gain TodayValuation
Is Ferrovial undervalued compared to its fair value and its price relative to the market?
113.63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FER (€20.18) is trading above our estimate of fair value (€11.31)
Significantly Below Fair Value: FER is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FER is poor value based on its PE Ratio (113.6x) compared to the ES Construction industry average (12.3x).
PE vs Market: FER is poor value based on its PE Ratio (113.6x) compared to the Spanish market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: FER is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: FER is overvalued based on its PB Ratio (4.4x) compared to the ES Construction industry average (1.8x).
Next Steps
Future Growth
How is Ferrovial forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
68.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FER's forecast earnings growth (68.9% per year) is above the savings rate (1.1%).
Earnings vs Market: FER's earnings (68.9% per year) are forecast to grow faster than the Spanish market (33.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FER's revenue (5.3% per year) is forecast to grow slower than the Spanish market (6.1% per year).
High Growth Revenue: FER's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FER's Return on Equity is forecast to be low in 3 years time (13.1%).
Next Steps
Past Performance
How has Ferrovial performed over the past 5 years?
-23.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FER has a large one-off gain of €541.0M impacting its September 30 2020 financial results.
Growing Profit Margin: FER became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FER's earnings have declined by 23.8% per year over the past 5 years.
Accelerating Growth: FER has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FER has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (1.8%).
Return on Equity
High ROE: FER's Return on Equity (4%) is considered low.
Next Steps
Financial Health
How is Ferrovial's financial position?
Financial Position Analysis
Short Term Liabilities: FER's short term assets (€13.1B) exceed its short term liabilities (€8.5B).
Long Term Liabilities: FER's short term assets (€13.1B) exceed its long term liabilities (€11.7B).
Debt to Equity History and Analysis
Debt Level: FER's debt to equity ratio (255.1%) is considered high.
Reducing Debt: FER's debt to equity ratio has increased from 160.5% to 255.1% over the past 5 years.
Debt Coverage: FER's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: FER's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Ferrovial current dividend yield, its reliability and sustainability?
3.33%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FER's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FER's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FER's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FER's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FER is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FER's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Ignacio Madridejos Fernández (54 yo)
1.33yrs
Tenure
€1,882,000
Compensation
Mr. Ignacio Madridejos Fernández has been a Chief Executive Officer and Executive Director of Ferrovial, S.A. since September 30, 2019. He had been the President of CEMEX USA at CEMEX, S.A.B. de C.V. since...
CEO Compensation Analysis
Compensation vs Market: Ignacio's total compensation ($USD2.29M) is below average for companies of similar size in the Spanish market ($USD4.57M).
Compensation vs Earnings: Insufficient data to compare Ignacio's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 21yrs | €4.42m | no data | |
| CEO & Executive Director | 1.33yrs | €1.88m | 0.0020% € 299.3k | |
| Chief Financial Officer | 11.25yrs | no data | no data | |
| Chief Information Officer & Innovation Officer | 0.50yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel & Secretary | 12yrs | no data | no data | |
| Director of Compliance & Risk | 1.33yrs | no data | no data | |
| Chief Human Resources Officer | 1yr | no data | no data | |
| Director of Corporate Strategy | no data | no data | no data | |
| Chief Executive Officer of Cintra | 12.83yrs | no data | no data | |
| Chief Executive Officer of Ferrovial Aeropuertos | 8.08yrs | no data | no data | |
| Chief Executive Officer of Ferrovial Services | 2.67yrs | no data | no data |
2.7yrs
Average Tenure
56yo
Average Age
Experienced Management: FER's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 21yrs | €4.42m | no data | |
| CEO & Executive Director | 1.33yrs | €1.88m | 0.0020% € 299.3k | |
| Independent Vice Chairman | 1yr | €152.00k | 0.0041% € 598.7k | |
| Independent Lead Director | 1yr | €30.00k | no data | |
| External Independent Director | 12.67yrs | €160.00k | 0.0031% € 449.7k | |
| External Independent Director | 11.08yrs | €161.00k | 0.024% € 3.6m | |
| External Proprietary Director | 14.33yrs | €144.00k | 0.0032% € 464.5k | |
| External Independent Director | 3.75yrs | €130.00k | no data | |
| External Proprietary Director | 5.25yrs | €126.00k | 2.58% € 380.9m | |
| External Independent Director | 2.5yrs | €126.00k | no data | |
| External Independent Director | 4.5yrs | €131.00k | 0.0031% € 449.7k | |
| External Independent Director | 1.08yrs | €2.00k | no data |
4.1yrs
Average Tenure
62yo
Average Age
Experienced Board: FER's board of directors are considered experienced (4.1 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
Ferrovial, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ferrovial, S.A.
- Ticker: FER
- Exchange: BME
- Founded: 1952
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €14.746b
- Shares outstanding: 723.54m
- Website: https://www.ferrovial.com
Number of Employees
Location
- Ferrovial, S.A.
- PrIncipe de Vergara, 135
- Madrid
- Madrid
- 28002
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UFG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2004 |
| FER | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Oct 2004 |
| 0P2N | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 2004 |
| FRRV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2004 |
| FER N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Oct 2004 |
| FERE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 2004 |
| FER | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Oct 2004 |
| UFG | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Oct 2004 |
| FRRV.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 | |
| UFGD | DB (Deutsche Boerse AG) | UNSPONSORED ADR | DE | EUR | Oct 2008 |
Biography
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure and mobility operator worldwide. The company engages in the design and construction of various public and private work project...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 18:39 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.