Ferrovial
Market Cap
€18.7b
Last Updated
2021/06/14 21:58 UTC
Data Sources
Company Financials +
Executive Summary
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure and mobility operator in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. 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 +/- 3% a week.
Volatility Over Time: FER's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
3.3%
FER
2.2%
ES Construction
1.3%
ES Market
1 Year Return
2.1%
FER
7.7%
ES Construction
23.7%
ES Market
Return vs Industry: FER underperformed the Spanish Construction industry which returned 7.7% over the past year.
Return vs Market: FER underperformed the Spanish Market which returned 23.7% over the past year.
Shareholder returns
| FER | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | 2.2% | 1.3% |
| 30 Day | 2.8% | 0.9% | 1.5% |
| 90 Day | 12.8% | 5.6% | 6.3% |
| 1 Year | 3.6%2.1% | 10.5%7.7% | 29.1%23.7% |
| 3 Year | 49.1%39.1% | 14.2%3.9% | 8.3%-1.7% |
| 5 Year | 55.5%36.1% | 38.5%19.4% | 33.0%12.6% |
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
These 4 Measures Indicate That Ferrovial (BME:FER) Is Using Debt Reasonably Well1 month ago | Simply Wall St
At €23.76, Is It Time To Put Ferrovial, S.A. (BME:FER) On Your Watch List?2 months ago | Simply Wall St
Did You Miss Ferrovial's (BME:FER) 29% Share Price Gain?Valuation
Is Ferrovial undervalued compared to its fair value and its price relative to the market?
5.78x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: FER (€25.34) is trading above our estimate of fair value (€17.93)
Significantly Below Fair Value: FER is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FER is unprofitable, so we can't compare its PE Ratio to the Spanish Construction industry average.
PE vs Market: FER is unprofitable, so we can't compare its PE Ratio to the Spanish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FER's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FER is overvalued based on its PB Ratio (5.8x) compared to the ES Construction industry average (2x).
Future Growth
How is Ferrovial forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
63.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FER is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).
Earnings vs Market: FER is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FER's is expected to become profitable in the next 3 years.
Revenue vs Market: FER's revenue (2.2% per year) is forecast to grow slower than the Spanish market (7.2% per year).
High Growth Revenue: FER's revenue (2.2% 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 (12.8%).
Past Performance
How has Ferrovial performed over the past 5 years?
-38.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FER is currently unprofitable.
Growing Profit Margin: FER is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FER is unprofitable, and losses have increased over the past 5 years at a rate of 38% per year.
Accelerating Growth: Unable to compare FER's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FER is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (2.3%).
Return on Equity
High ROE: FER has a negative Return on Equity (-9.64%), as it is currently unprofitable.
Financial Health
How is Ferrovial's financial position?
Financial Position Analysis
Short Term Liabilities: FER's short term assets (€12.3B) exceed its short term liabilities (€8.6B).
Long Term Liabilities: FER's short term assets (€12.3B) exceed its long term liabilities (€10.9B).
Debt to Equity History and Analysis
Debt Level: FER's debt to equity ratio (251%) is considered high.
Reducing Debt: FER's debt to equity ratio has increased from 127.8% to 251% over the past 5 years.
Debt Coverage: FER's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: FER is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Ferrovial current dividend yield, its reliability and sustainability?
1.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FER's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the Spanish market (1.57%).
High Dividend: FER's dividend (1.55%) is low compared to the top 25% of dividend payers in the Spanish market (4.97%).
Stability and Growth of Payments
Stable Dividend: FER's dividend payments have been volatile in the past 10 years.
Growing Dividend: FER's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FER is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: FER's dividends in 3 years are not forecast to be well covered by earnings (118.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Ignacio Fernandez (54 yo)
1.75yrs
Tenure
€1,888,000
Compensation
Mr. Ignacio Madridejos Fernández has been the 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. sin...
CEO Compensation Analysis
Compensation vs Market: Ignacio's total compensation ($USD2.29M) is about average for companies of similar size in the Spanish market ($USD2.97M).
Compensation vs Earnings: Ignacio's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: FER's management team is considered experienced (2.6 years average tenure).
Board Members
Experienced Board: FER's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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: €18.724b
- Shares outstanding: 737.44m
- Website: https://www.ferrovial.com
Number of Employees
Location
- Ferrovial, S.A.
- Calle Príncipe de Vergara, 135
- Madrid
- Madrid
- 28002
- Spain
Listings
Biography
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure and mobility operator in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. The company engage...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/14 21:58 |
| End of Day Share Price | 2021/06/14 00:00 |
| Earnings | 2021/03/31 |
| 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.