BME:SCYR

Stock Analysis Report

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Executive Summary

Sacyr, S.A. engages in the construction and infrastructure concessions, industry, and services businesses worldwide. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Sacyr's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCYR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.6%

SCYR

-0.8%

ES Construction

0.6%

ES Market


1 Year Return

-39.7%

SCYR

-26.9%

ES Construction

-22.3%

ES Market

Return vs Industry: SCYR underperformed the Spanish Construction industry which returned -26.9% over the past year.

Return vs Market: SCYR underperformed the Spanish Market which returned -22.3% over the past year.


Shareholder returns

SCYRIndustryMarket
7 Day-5.6%-0.8%0.6%
30 Day-23.7%2.5%3.6%
90 Day-19.1%-2.7%-1.4%
1 Year-38.6%-39.7%-24.3%-26.9%-20.0%-22.3%
3 Year-23.2%-30.0%-0.4%-9.8%-19.7%-26.9%
5 Year-26.6%-33.1%-3.4%-17.2%-16.1%-28.9%

Price Volatility Vs. Market

How volatile is Sacyr's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sacyr undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SCYR (€1.55) is trading below our estimate of fair value (€8.49)

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


Price To Earnings Ratio

PE vs Industry: SCYR is unprofitable, so we can't compare its PE Ratio to the ES Construction industry average.

PE vs Market: SCYR 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 SCYR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SCYR is good value based on its PB Ratio (1.2x) compared to the ES Construction industry average (1.6x).


Next Steps

Future Growth

How is Sacyr forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

35.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCYR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).

Earnings vs Market: SCYR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SCYR's is expected to become profitable in the next 3 years.

Revenue vs Market: SCYR's revenue (2.1% per year) is forecast to grow slower than the Spanish market (6.5% per year).

High Growth Revenue: SCYR's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCYR's Return on Equity is forecast to be high in 3 years time (22.3%)


Next Steps

Past Performance

How has Sacyr performed over the past 5 years?

35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCYR is currently unprofitable.

Growing Profit Margin: SCYR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SCYR is unprofitable, but has reduced losses over the past 5 years at a rate of 35.7% per year.

Accelerating Growth: Unable to compare SCYR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SCYR is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (33.3%).


Return on Equity

High ROE: SCYR has a negative Return on Equity (-28.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sacyr's financial position?


Financial Position Analysis

Short Term Liabilities: SCYR's short term assets (€4.4B) exceed its short term liabilities (€4.3B).

Long Term Liabilities: SCYR's short term assets (€4.4B) do not cover its long term liabilities (€8.4B).


Debt to Equity History and Analysis

Debt Level: SCYR's debt to equity ratio (738.1%) is considered high.

Reducing Debt: SCYR's debt to equity ratio has increased from 341.2% to 738.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SCYR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SCYR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.8% per year.


Next Steps

Dividend

What is Sacyr current dividend yield, its reliability and sustainability?

7.29%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SCYR is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SCYR'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?

3.4yrs

Average management tenure


CEO

Manuel Manrique Cecilia (66 yo)

15.92yrs

Tenure

€8,161,939

Compensation

Mr. Manuel Manrique Cecilia serves as Deputy Vice Chairman at Repsol S.A. and has been its Director since 2013. He has been Chairman and Managing Director of Sacyr SA. He has been Director of Sacyr Constru ...


CEO Compensation Analysis

Compensation vs Market: Manuel 's total compensation ($USD9.65M) is above average for companies of similar size in the Spanish market ($USD1.99M).

Compensation vs Earnings: Manuel 's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Manuel Manrique Cecilia
Co-Founder15.92yrs€8.16m1.4%
€ 12.8m
José Manuel Loureda Mantiñán
Co-Founder & Director15.83yrs€155.00k0.000050%
€ 458.9
Carlos Mijangos Gorozarri
Chief Financial Officer5.08yrsno datano data
José Carlos Otero Fernández
General Manager of Administration & Operationsno datano datano data
Pedro Alonso Ruíz
General Manager of Communication1.75yrsno datano data
Miguel Heras Dolader
Corporate GM of Talent Management & HR GMno datano datano data
Fernando Lozano Sainz
Chief Executive Officer of Valoriza Gestión S.A.no datano datano data
Francisco Javier Gayo Pozo
Chairmanno data€592.00kno data
Jose Maria Orihuela Uzal
GM of Sacyr Construcciónno datano datano data
Rafael Gómez del Río
Chief Executive Officer of Sacyr Concesionesno datano datano data
Pedro Sigüenza Hernández
Chief Executive Officer of Sacyr Industrialno datano datano data
Ana Maria Andres
Secretary0.25yrno datano data

3.4yrs

Average Tenure

66yo

Average Age

Experienced Management: SCYR's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Manuel Manrique Cecilia
Co-Founder15.92yrs€8.16m1.4%
€ 12.8m
José Manuel Loureda Mantiñán
Co-Founder & Director15.83yrs€155.00k0.000050%
€ 458.9
Francisco Javier Gayo Pozo
Chairmanno data€592.00kno data
Juan María Aguirre Gonzalo
Lead Independent Directorno data€157.00k0.0081%
€ 74.0k
Juan Miguel Sanjuán Jover
Director7.33yrs€112.00kno data
Fernando Rodríguez-Avial Llardent
Chairman of Testa Inmuebles en Renta S A20.75yrsno datano data
Elena Isabel Martín Castella
Independent Director5.33yrs€118.60kno data
Demetrio Carceller Arce
First Vice Chairman9yrs€165.90k0.0062%
€ 56.8k
Augusto Juan Manuel Delkader Teig
Independent Director7.33yrs€161.00kno data
Tomás Fuertes Fernández
Director9.42yrs€110.00kno data
Francisco Javier Adroher Biosca
Director9.42yrs€90.00k0.010%
€ 92.5k
María Jesús de Jaén Beltrá
Independent Directorno data€112.00kno data

9.0yrs

Average Tenure

70yo

Average Age

Experienced Board: SCYR's board of directors are considered experienced (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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

Sacyr, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sacyr, S.A.
  • Ticker: SCYR
  • Exchange: BME
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €917.870m
  • Shares outstanding: 577.28m
  • Website: https://www.sacyr.com

Number of Employees


Location

  • Sacyr, S.A.
  • Calle Condesa de Venadito, 7
  • Madrid
  • Madrid
  • 28027
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCYRBME (Bolsas y Mercados Espanoles)YesBearer SharesESEURMay 1994
VHMDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 1994
0OFULSE (London Stock Exchange)YesBearer SharesGBEURMay 1994
SYRV.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 1994
SCYREBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 1994

Biography

Sacyr, S.A. engages in the construction and infrastructure concessions, industry, and services businesses worldwide. It offers various construction services comprising civil engineering, and residential an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 20:46
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.