Ferrovial
Market Cap
€19.1b
Last Updated
2019/10/14 20:33 UTC
Data Sources
Company Financials +
Executive Summary
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure operator and municipal services company worldwide.
Snowflake
Fundamentals
Limited growth 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
Market Performance
7 Day Return
0.2%
FER
1.2%
ES Construction
1.6%
ES Market
1 Year Return
47.8%
FER
21.2%
ES Construction
4.0%
ES Market
Return vs Industry: FER exceeded the Spanish Construction industry which returned 21.2% over the past year.
Return vs Market: FER exceeded the Spanish Market which returned 4% over the past year.
Shareholder returns
| FER | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 1.2% | 1.6% |
| 30 Day | 0.8% | -0.3% | 0.7% |
| 90 Day | 9.6% | 0.2% | -2.1% |
| 1 Year | 52.5%47.8% | 25.4%21.2% | 7.6%4.0% |
| 3 Year | 56.5%42.2% | 40.5%31.7% | 17.1%6.2% |
| 5 Year | 100.4%71.8% | 37.5%4.7% | 12.5%-8.6% |
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
6 months ago | Simply Wall St
Ferrovial, S.A. (BME:FER): Can Growth Justify Its March Share Price?10 months ago | Simply Wall St
Should Ferrovial, S.A.’s (BME:FER) Weak Investment Returns Worry You?11 months ago | Simply Wall St
Should Ferrovial SA (BME:FER) Focus On Improving This Fundamental Metric?Valuation
Is Ferrovial undervalued compared to its fair value and its price relative to the market?
135.88x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: FER (€25.95) is trading above our estimate of fair value (€11.09)
Significantly Undervalued: 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 (135.9x) compared to the Construction industry average (11.3x).
PE vs Market: FER is poor value based on its PE Ratio (135.9x) compared to the Spanish market (16.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: FER is poor value based on its PEG Ratio (12.3x)
Price to Book Ratio
PB vs Industry: FER is overvalued based on its PB Ratio (4.4x) compared to the ES Construction industry average (2.7x).
Next Steps
Future Growth
How is Ferrovial forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
11.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FER's forecast earnings growth (11% per year) is above the savings rate (1.5%).
Earnings vs Market: FER's earnings (11% per year) are forecast to grow faster than the Spanish market (7.4% per year).
High Growth Earnings: FER's earnings are forecast to grow, but not significantly.
Revenue vs Market: FER's revenue (2.7% per year) is forecast to grow slower than the Spanish market (3.7% per year).
High Growth Revenue: FER's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: FER's Return on Equity is forecast to be low in 3 years time (11.5%).
Next Steps
Past Performance
How has Ferrovial performed over the past 5 years?
-18.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FER's earnings have declined by -18.6% per year over the past 5 years.
Accelerating Growth: FER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FER had negative earnings growth (-51.7%) over the past year, making it difficult to compare to the Construction industry average (9.3%).
Return on Equity
High ROE: FER's Return on Equity (2.4%) is considered low.
Return on Assets
ROA vs Industry: FER's Return on Assets is below or equal to the Construction industry average last year.
Return on Capital Employed
ROCE Improving: FER's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Ferrovial's financial position?
Financial Position Analysis
Short Term Liabilities: FER's short term assets (€12.0B) exceeds its short term liabilities (€8.8B)
Long Term Liabilities: FER's short term assets (12.0B) exceeds its long term liabilities (9.8B)
Debt to Equity History and Analysis
Debt Level: FER's debt to equity ratio (156.3%) is considered high
Reducing Debt: FER's debt to equity ratio has increased from 152.8% to 156.3% over the past 5 years.
Debt Coverage: FER's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: FER's interest payments on its debt are not well covered by EBIT (0.1x coverage).
Balance Sheet
Inventory Level: FER has a low level of unsold assets or inventory.
Debt Coverage by Assets: FER's debt is covered by short term assets (assets are 1.500310x debt).
Next Steps
Dividend
What is Ferrovial's current dividend yield, its reliability and sustainability?
2.77%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FER's dividend (2.77%) is higher than the bottom 25% of dividend payers in the Spanish market (2.24%).
High Dividend: FER's dividend (2.77%) is low compared to the top 25% of dividend payers in the Spanish market (5.66%).
Stable Dividend: FER's dividend payments have been volatile in the past 10 years.
Growing Dividend: FER's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (377.5%), FER's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FER's dividends in 3 years are not forecast to be well covered by earnings (121.6% payout ratio).
Next Steps
Management
What is the CEO of Ferrovial's salary, the management and board of directors tenure and is there insider trading?
10.0yrs
Average management tenure
CEO
Ignacio Madridejos Fernández (53yo)
0.8yrs
Tenure
Mr. Ignacio Madridejos Fernández serves as Chief Executive Officer and Executive Director of Ferrovial, S.A. since 2019. He had been the President of CEMEX USA at CEMEX, S.A.B. de C.V. since January 1, 201 ...
Management Age and Tenure
10.0yrs
Average Tenure
56yo
Average Age
Experienced Management: FER's management team is seasoned and experienced (10 years average tenure).
Board Age and Tenure
9.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: FER's board of directors are considered experienced (9.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 2,000 |
| Max Price | €22.34 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 3,533 |
| Max Price | €22.50 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 1,217 |
| Max Price | €20.43 |
Ownership Breakdown
Management Team
Ernesto López Mozo (55yo)
Chief Financial Officer
- Tenure: 10yrs
Rafael del Pino y Calvo-Sotelo (61yo)
Chairman of the Board
- Tenure: 19.8yrs
- Compensation: €4.23m
Ignacio Madridejos Fernández (53yo)
CEO & Executive Director
- Tenure: 0.8yrs
Pedro Montoya
Director of Compliance & Risk
- Tenure: 0.08yrs
Alejandro de la Joya Ruiz de Velasco (52yo)
Chief Executive Officer of Cintra
- Tenure: 11.6yrs
Federico Flórez (59yo)
Chief Information & Innovation Officer
- Tenure: 11.5yrs
Santiago Ortiz Vaamonde (57yo)
General Counsel & Secretary
- Tenure: 10.8yrs
María Teresa Pulido
Director of Corporate Strategy
- Tenure: 0yrs
María Dionis
Chief Human Resources Officer
- Tenure: 4.3yrs
Ricardo Jiménez
Head of Investor Relations
- Tenure: 0yrs
Board Members
Óscar Fanjul Martín (70yo)
Lead Director
- Tenure: 0yrs
- Compensation: €143.00k
Santiago Javier Fernández Valbuena (61yo)
Independent Director
- Tenure: 11.4yrs
- Compensation: €163.00k
Jorge Bergareche Busquet (73yo)
First Vice Chairman of the Board
- Tenure: 20.8yrs
- Compensation: €183.00k
José Fernando Sánchez-Junco Mans (71yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: €157.00k
Rafael del Pino y Calvo-Sotelo (61yo)
Chairman of the Board
- Tenure: 19.8yrs
- Compensation: €4.23m
María del Pino y Calvo-Sotelo (62yo)
External Proprietary Director
- Tenure: 13.1yrs
- Compensation: €138.00k
Ignacio Madridejos Fernández (53yo)
CEO & Executive Director
- Tenure: 0.8yrs
Hanne Birgitte Breinbjerg Sørensen (54yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: €138.00k
Joaquín Del Pino y Calvo-Sotelo (58yo)
External Proprietary Director
- Tenure: 4yrs
- Compensation: €131.00k
Philip Bowman (66yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: €138.00k
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: €19.050b
- Shares outstanding: 734.11m
- Website: https://www.ferrovial.com
Number of Employees
Location
- Ferrovial, S.A.
- Calle Príncipe 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 |
| FRRV.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure operator and municipal services company worldwide. The company engages in the design and construction of various public and pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 20:33 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.