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OHLA

Obrascón Huarte Lain BME:OHLA Stock Report

Last Price

€0.58

Market Cap

€345.5m

7D

-3.7%

1Y

-9.1%

Updated

01 Jul, 2022

Data

Company Financials +
OHLA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

OHLA Stock Overview

Obrascón Huarte Lain, S.A. engages in the construction and concessions development businesses in the United States, Canada, Mexico, Chile, Peru, Colombia, Spain, Central and Eastern Europe, and internationally.

Obrascón Huarte Lain Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Obrascón Huarte Lain
Historical stock prices
Current Share Price€0.58
52 Week High€1.12
52 Week Low€0.56
Beta2.13
1 Month Change-20.62%
3 Month Change-38.19%
1 Year Change-9.09%
3 Year Change-49.13%
5 Year Change-81.42%
Change since IPO-64.39%

Recent News & Updates

Jun 14
Is There An Opportunity With Obrascón Huarte Lain, S.A.'s (BME:OHLA) 50% Undervaluation?

Is There An Opportunity With Obrascón Huarte Lain, S.A.'s (BME:OHLA) 50% Undervaluation?

How far off is Obrascón Huarte Lain, S.A. ( BME:OHLA ) from its intrinsic value? Using the most recent financial data...

Mar 03
Obrascón Huarte Lain's (BME:OHLA) Earnings Are Built On Soft Foundations

Obrascón Huarte Lain's (BME:OHLA) Earnings Are Built On Soft Foundations

Obrascón Huarte Lain, S.A. ( BME:OHLA ) posted some decent earnings, but shareholders didn't react strongly. Our...

Shareholder Returns

OHLAES ConstructionES Market
7D-3.7%-2.9%-0.5%
1Y-9.1%-5.1%-8.4%

Return vs Industry: OHLA underperformed the Spanish Construction industry which returned -3.3% over the past year.

Return vs Market: OHLA matched the Spanish Market which returned -9.4% over the past year.

Price Volatility

Is OHLA's price volatile compared to industry and market?
OHLA volatility
OHLA Average Weekly Movement4.3%
Construction Industry Average Movement3.7%
Market Average Movement3.7%
10% most volatile stocks in ES Market6.8%
10% least volatile stocks in ES Market0.9%

Stable Share Price: OHLA is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OHLA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191116,618Jose Antonio Fernández Gallarhttps://www.ohl.es

Obrascón Huarte Lain, S.A. engages in the construction and concessions development businesses in the United States, Canada, Mexico, Chile, Peru, Colombia, Spain, Central and Eastern Europe, and internationally. It operates through Construction, Industrial, and Services segments. The company provides civil engineering works and building construction services for public and private-sector customers; and designs, constructs, maintains, and operates industrial plants and systems, including oil and gas, renewable energy, mining and cement, solids engineering, and fire-fighting systems.

Obrascón Huarte Lain Fundamentals Summary

How do Obrascón Huarte Lain's earnings and revenue compare to its market cap?
OHLA fundamental statistics
Market Cap€345.49m
Earnings (TTM)€14.05m
Revenue (TTM)€2.83b

24.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OHLA income statement (TTM)
Revenue€2.83b
Cost of Revenue€1.56b
Gross Profit€1.27b
Other Expenses€1.26b
Earnings€14.05m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)0.024
Gross Margin44.94%
Net Profit Margin0.50%
Debt/Equity Ratio68.4%

How did OHLA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OHLA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OHLA?

Other financial metrics that can be useful for relative valuation.

OHLA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA4.1x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does OHLA's PE Ratio compare to its peers?

OHLA PE Ratio vs Peers
The above table shows the PE ratio for OHLA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.5x
GSJ Grupo Empresarial San José
20.7x18.4%€263.4m
ENO Elecnor
10.4x21.7%€935.7m
FCC Fomento de Construcciones y Contratas
6.9x-6.5%€4.0b
MDF Duro Felguera
3.9xn/a€75.1m
OHLA Obrascón Huarte Lain
24.6x41.1%€345.5m

Price-To-Earnings vs Peers: OHLA is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the peer average (10.5x).


Price to Earnings Ratio vs Industry

How does OHLA's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Earnings vs Industry: OHLA is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the Spanish Construction industry average (20.3x)


Price to Earnings Ratio vs Fair Ratio

What is OHLA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OHLA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.6x
Fair PE Ratio32.2x

Price-To-Earnings vs Fair Ratio: OHLA is good value based on its Price-To-Earnings Ratio (24.6x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).


Share Price vs Fair Value

What is the Fair Price of OHLA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OHLA (€0.59) is trading below our estimate of fair value (€2.29)

Significantly Below Fair Value: OHLA is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: OHLA is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Obrascón Huarte Lain forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OHLA's forecast earnings growth (41.1% per year) is above the savings rate (0.9%).

Earnings vs Market: OHLA's earnings (41.1% per year) are forecast to grow faster than the Spanish market (12.2% per year).

High Growth Earnings: OHLA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OHLA's revenue (4.8% per year) is forecast to grow faster than the Spanish market (4.3% per year).

High Growth Revenue: OHLA's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OHLA's Return on Equity is forecast to be low in 3 years time (3.1%).


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Past Performance

How has Obrascón Huarte Lain performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


46.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OHLA has a large one-off gain of €129.9M impacting its March 31 2022 financial results.

Growing Profit Margin: OHLA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OHLA has become profitable over the past 5 years, growing earnings by 46.6% per year.

Accelerating Growth: OHLA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OHLA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (26.9%).


Return on Equity

High ROE: OHLA's Return on Equity (2.3%) is considered low.


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Financial Health

How is Obrascón Huarte Lain's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OHLA's short term assets (€2.1B) exceed its short term liabilities (€1.7B).

Long Term Liabilities: OHLA's short term assets (€2.1B) exceed its long term liabilities (€611.0M).


Debt to Equity History and Analysis

Debt Level: OHLA's net debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: OHLA's debt to equity ratio has reduced from 94.6% to 68.4% over the past 5 years.

Debt Coverage: OHLA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: OHLA's interest payments on its debt are not well covered by EBIT (0.7x coverage).


Balance Sheet


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Dividend

What is Obrascón Huarte Lain current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate OHLA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OHLA'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 OHLA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OHLA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: OHLA is not paying a notable dividend for the Spanish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OHLA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Jose Antonio Fernández Gallar

no data

Tenure

Mr. Jose Antonio Fernández Gallar serves as Second Deputy Chairman and Chief Executive Officer at Obrascón Huarte Lain, S.A. since June 28, 2018 and serves as its Managing Director. He is Civil Engineer sp...


Leadership Team

Experienced Management: OHLA's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: OHLA's board of directors are considered experienced (3.9 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

Obrascón Huarte Lain, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Obrascón Huarte Lain, S.A.
  • Ticker: OHLA
  • Exchange: BME
  • Founded: 1911
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: €345.491m
  • Shares outstanding: 590.58m
  • Website: https://www.ohl.es

Number of Employees


Location

  • Obrascón Huarte Lain, S.A.
  • Paseo de la Castellana, 259 D
  • Torrespacio
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.