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Sacyr

BME:SCYR
Snowflake Description

Very undervalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCYR
BME
€1B
Market Cap
  1. Home
  2. ES
  3. Capital Goods
Company description

Sacyr, S.A. engages in the construction and infrastructure concessions, industry, and services businesses in Latin America, Africa, Europe, Asia, and Oceania. The last earnings update was 48 days ago. More info.


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SCYR Share Price and Events
7 Day Returns
-0.4%
BME:SCYR
1.6%
ES Construction
1.1%
ES Market
1 Year Returns
-4.4%
BME:SCYR
11.5%
ES Construction
-2.1%
ES Market
SCYR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sacyr (SCYR) -0.4% -6.3% 11.1% -4.4% 25.3% -49.5%
ES Construction 1.6% -0.2% 9.2% 11.5% 18.7% -14.4%
ES Market 1.1% 1.2% 7.1% -2.1% 6.7% -10.7%
1 Year Return vs Industry and Market
  • SCYR underperformed the Construction industry which returned 11.5% over the past year.
  • SCYR underperformed the Market in Spain which returned -2.1% over the past year.
Price Volatility
SCYR
Industry
5yr Volatility vs Market

SCYR Value

 Is Sacyr undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sacyr to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sacyr.

BME:SCYR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.9%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BME:SCYR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 25%) (499.72%))
3.623
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (2 * 8.18%)
17.89%

Discounted Cash Flow Calculation for BME:SCYR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sacyr is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BME:SCYR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 17.89%)
2019 -559.50 Analyst x2 -474.61
2020 -261.78 Analyst x4 -188.37
2021 -25.67 Analyst x3 -15.67
2022 281.00 Analyst x1 145.50
2023 474.62 Est @ 68.9% 208.46
2024 705.70 Est @ 48.69% 262.94
2025 949.46 Est @ 34.54% 300.08
2026 1,183.36 Est @ 24.64% 317.26
2027 1,392.86 Est @ 17.7% 316.77
2028 1,571.84 Est @ 12.85% 303.24
Present value of next 10 years cash flows €1,175.61
BME:SCYR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,571.84 × (1 + 1.53%) ÷ (17.89% – 1.53%)
€9,754.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €9,754.43 ÷ (1 + 17.89%)10
€1,881.83
BME:SCYR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,175.61 + €1,881.83
€3,057.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,057.44 / 557.64
€5.48
BME:SCYR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.48
Current discount Discount to share price of €2.21
= -1 x (€2.21 - €5.48) / €5.48
59.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sacyr is available for.
Intrinsic value
>50%
Share price is €2.21 vs Future cash flow value of €5.48
Current Discount Checks
For Sacyr to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sacyr's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sacyr's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sacyr's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sacyr's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:SCYR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.28
BME:SCYR Share Price ** BME (2019-04-18) in EUR €2.21
Spain Construction Industry PE Ratio Median Figure of 7 Publicly-Listed Construction Companies 17.57x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sacyr.

BME:SCYR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:SCYR Share Price ÷ EPS (both in EUR)

= 2.21 ÷ 0.28

7.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sacyr is good value based on earnings compared to the ES Construction industry average.
  • Sacyr is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Sacyr's expected growth come at a high price?
Raw Data
BME:SCYR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
17.1%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.22x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

BME:SCYR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.95x ÷ 17.1%

0.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sacyr is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sacyr's assets?
Raw Data
BME:SCYR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.11
BME:SCYR Share Price * BME (2019-04-18) in EUR €2.21
Spain Construction Industry PB Ratio Median Figure of 10 Publicly-Listed Construction Companies 2.7x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.84x
BME:SCYR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:SCYR Share Price ÷ Book Value per Share (both in EUR)

= 2.21 ÷ 2.11

1.05x

* Primary Listing of Sacyr.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sacyr is good value based on assets compared to the ES Construction industry average.
X
Value checks
We assess Sacyr's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Sacyr has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SCYR Future Performance

 How is Sacyr expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sacyr expected to grow at an attractive rate?
  • Sacyr's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Sacyr's earnings growth is expected to exceed the Spain market average.
  • Sacyr's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:SCYR Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:SCYR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 17.1%
BME:SCYR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3%
Spain Construction Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
Spain Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:SCYR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:SCYR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,179 414 1
2021-12-31 4,201 442 251 5
2020-12-31 4,174 294 240 7
2019-12-31 4,032 469 198 3
BME:SCYR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,817 412 150
2018-09-30 3,547 143
2018-06-30 3,375 143
2018-03-31 3,196 134
2017-12-31 3,094 292 131
2017-09-30 2,949 127
2017-06-30 2,970 288 116
2017-03-31 2,968 109
2016-12-31 2,862 156 120
2016-09-30 2,991 -53
2016-06-30 3,028 71 -782
2016-03-31 2,976 -784

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sacyr's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Sacyr's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:SCYR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Sacyr Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:SCYR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.49 0.54 0.44 2.00
2020-12-31 0.43 0.53 0.34 6.00
2019-12-31 0.35 0.38 0.33 5.00
BME:SCYR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.28
2018-09-30
2018-06-30
2018-03-31
2017-12-31 0.25
2017-09-30
2017-06-30 0.22
2017-03-31
2016-12-31 0.23
2016-09-30
2016-06-30 -1.49
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sacyr is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sacyr's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Spain market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sacyr has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SCYR Past Performance

  How has Sacyr performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sacyr's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sacyr has delivered over 20% year on year earnings growth in the past 5 years.
  • Sacyr's 1-year earnings growth is less than its 5-year average (15.1% vs 44.6%)
  • Sacyr's earnings growth has not exceeded the ES Construction industry average in the past year (15.1% vs 15.1%).
Earnings and Revenue History
Sacyr's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sacyr Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:SCYR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,817.31 150.40 1,052.44
2018-09-30 3,547.28 142.81 949.05
2018-06-30 3,374.63 142.60 949.05
2018-03-31 3,195.59 134.15 949.05
2017-12-31 3,094.21 130.64 949.05
2017-09-30 2,949.22 127.47 865.82
2017-06-30 2,969.70 116.18 452.69
2017-03-31 2,967.77 108.93 865.82
2016-12-31 2,861.76 120.24 865.82
2016-09-30 2,991.23 -52.88 741.44
2016-06-30 3,028.35 -782.32 791.60
2016-03-31 2,976.25 -784.19 741.44
2015-12-31 2,953.19 -813.39 741.44
2015-09-30 3,007.41 -737.18 712.12
2015-06-30 2,889.72 -31.49 716.39
2015-03-31 2,792.89 -35.86 712.12
2014-12-31 2,726.12 -10.31 712.12
2014-09-30 2,489.41 -369.86 645.53
2014-06-30 2,496.89 -351.72 690.90
2014-03-31 2,596.11 -307.90 645.53
2013-12-31 2,675.28 -310.21 645.53
2013-09-30 2,934.20 -104.68 744.42
2013-06-30 3,045.99 -64.95 680.37
2013-03-31 3,234.87 -891.33 744.42
2012-12-31 3,441.50 -899.96 744.42
2012-09-30 3,350.80 -2,406.05 738.49
2012-06-30 3,502.08 -2,450.59 1,115.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sacyr has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sacyr used its assets less efficiently than the ES Construction industry average last year based on Return on Assets.
  • Sacyr has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sacyr's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sacyr has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SCYR Health

 How is Sacyr's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sacyr's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sacyr is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sacyr's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sacyr's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sacyr Company Filings, last reported 3 months ago.

BME:SCYR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,507.19 6,158.56 2,113.40
2018-09-30 1,716.14 6,173.43 2,154.29
2018-06-30 1,652.41 7,425.66 2,216.66
2018-03-31 1,554.72 7,308.40 2,260.84
2017-12-31 2,004.42 7,139.62 2,160.34
2017-09-30 1,978.29 5,271.68 668.82
2017-06-30 1,934.37 5,133.09 732.99
2017-03-31 2,089.69 5,145.67 738.28
2016-12-31 2,080.40 5,053.04 641.25
2016-09-30 1,917.60 4,823.03 594.18
2016-06-30 1,930.21 4,729.24 595.22
2016-03-31 1,887.71 4,985.00 762.22
2015-12-31 1,911.59 4,922.92 623.63
2015-09-30 1,939.51 4,811.07 734.12
2015-06-30 1,715.88 5,894.56 560.47
2015-03-31 1,559.77 7,591.85 648.24
2014-12-31 1,326.07 6,858.43 408.43
2014-09-30 1,365.03 6,928.61 529.66
2014-06-30 1,189.37 6,493.84 688.69
2014-03-31 977.67 6,385.11 463.30
2013-12-31 1,031.28 6,916.98 400.90
2013-09-30 1,531.01 7,539.63 639.18
2013-06-30 1,525.25 9,151.35 616.26
2013-03-31 1,529.30 9,460.41 786.91
2012-12-31 1,476.16 9,620.11 668.56
2012-09-30 1,835.85 9,690.82 713.65
2012-06-30 1,865.08 9,707.91 829.04
  • Sacyr's level of debt (408.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (670.5% vs 408.6% today).
  • Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sacyr's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sacyr has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SCYR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sacyr dividends. Estimated to be 4.04% next year.
If you bought €2,000 of Sacyr shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sacyr's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sacyr's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:SCYR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 71 Stocks 3.6%
Spain Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
Spain Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:SCYR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.11 2.00
2020-12-31 0.08 8.00
2019-12-31 0.10 6.00
BME:SCYR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-09-08 0.000 0.000
2017-05-15 0.000 0.000
2017-05-08 0.000 0.000
2017-02-27 0.000 0.000
2016-11-10 0.000 0.000
2016-07-29 0.000 0.000
2015-11-12 0.097 5.947
2013-02-28 0.000 0.000
2012-11-15 0.000 0.000
2012-11-14 0.000 0.000
2012-07-31 0.083 6.291
2012-05-10 0.000 0.000
2012-04-23 0.000 0.000
2012-02-29 0.000 0.000
2011-07-29 0.083 2.266
2011-05-12 0.083 1.486
2011-04-08 0.083 1.163
2011-02-28 0.083 1.212
2010-04-30 0.000 0.000
2010-04-28 0.000 0.000
2010-03-01 0.000 0.000
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sacyr has not reported any payouts.
  • Unable to verify if Sacyr's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sacyr's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sacyr has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess Sacyr's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sacyr afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sacyr has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SCYR Management

 What is the CEO of Sacyr's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Manuel Manrique Cecilia
COMPENSATION €4,876,048
AGE 64
TENURE AS CEO 14.4 years
CEO Bio

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 Construcción SAU, Valoriza Gestión SAU. He has been Chairman of Inchysacyr SA and Sacyr Concesiones, SL. He has been Deputy Chairman of Somague SGPS, S.A. He has been Representative person of Sacyr, S.A., Sole administrator of Sacyr Vallehermoso Participaciones Mobiliarias, S.L. and Representative person of Sacyr, S.A. Sole administrator of Sacyr Gestión de Activos, S.L. He served as a Director of Testa Inmuebles en Renta, S.A. He has held positions of maximum responsibility in sector companies. In the Sacyr Vallehermoso SA group, he was formerly Chairman of Sacyr SA. He has been First Deputy Chairman and Managing Director of Sacyr Vallehermoso SA. He is a Civil Engineering graduate from Escuela Técnica Superior, Madrid.

CEO Compensation
  • Manuel 's compensation has been consistent with company performance over the past year.
  • Manuel 's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure

Average tenure and age of the Sacyr management team in years:

3.6
Average Tenure
64
Average Age
  • The tenure for the Sacyr management team is about average.
Management Team

Manuel Manrique Cecilia

TITLE
Co-Founder
COMPENSATION
€5M
AGE
64
TENURE
14.4 yrs

José Loureda Mantiñán

TITLE
Co-Founder & Director
COMPENSATION
€137K
AGE
79

Carlos Mijangos Gorozarri

TITLE
Chief Financial Officer
TENURE
3.6 yrs

José Carlos Otero Fernández

TITLE
General Manager of Administration & Operations

Pedro Ruíz

TITLE
General Manager of Communication
TENURE
0.3 yrs

Miguel Dolader

TITLE
Corporate GM of Talent Management & HR GM
AGE
60

Fernando Lozano Sainz

TITLE
Chief Executive Officer of Valoriza Gestión S.A.

Gonzalo San Miguel

TITLE
Managing Director of Sacyr Industrial

Francisco Gayo Pozo

TITLE
Chairman
COMPENSATION
€592K

Jose Orihuela Uzal

TITLE
GM of Sacyr Construcción
Board of Directors Tenure

Average tenure and age of the Sacyr board of directors in years:

7.5
Average Tenure
68
Average Age
  • The tenure for the Sacyr board of directors is about average.
Board of Directors

Manuel Manrique Cecilia

TITLE
Co-Founder
COMPENSATION
€5M
AGE
64
TENURE
7.5 yrs

Demetrio Carceller Arce

TITLE
First Vice Chairman
COMPENSATION
€148K
AGE
56
TENURE
7.5 yrs

José Loureda Mantiñán

TITLE
Co-Founder & Director
COMPENSATION
€137K
AGE
79
TENURE
14.3 yrs

Fernando Rodríguez-Avial Llardent

TITLE
Chairman of Testa Inmuebles en Renta S A
AGE
68
TENURE
19.3 yrs

Francisco Gayo Pozo

TITLE
Chairman
COMPENSATION
€592K

Isabel Castella

TITLE
Independent Director
COMPENSATION
€121K
AGE
71
TENURE
3.8 yrs

Augusto Juan Delkader Teig

TITLE
Independent Director
COMPENSATION
€165K
AGE
68
TENURE
5.8 yrs

Juan Aguirre Gonzalo

TITLE
Lead Independent Director
COMPENSATION
€139K
AGE
56

Matías Cortés Domínguez

TITLE
External Director
COMPENSATION
€72K
AGE
73
TENURE
16.8 yrs

Juan Sanjuán Jover

TITLE
Director
COMPENSATION
€94K
AGE
73
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Feb 19 Buy Grupo Empresarial Fuertes S.L. Company 15. Feb 19 15. Feb 19 995,407 €0.01 €9,954
25. Jan 19 Buy Prilou, S.L. Company 22. Jan 19 22. Jan 19 900,000 €2.07 €1,863,000
26. Dec 18 Buy Juan Aguirre Gonzalo Individual 18. Dec 18 18. Dec 18 15,000 €1.66 €24,900
02. Aug 18 Buy Prilou, S.L. Company 27. Jul 18 27. Jul 18 886,013 €0.01 €5,278
01. Aug 18 Sell Manuel Manrique Cecilia Individual 31. Jul 18 31. Jul 18 -359,905 €2.71 €-975,342
01. Aug 18 Buy Manuel Manrique Cecilia Individual 27. Jul 18 01. Aug 18 394,296 €2.75 €599,302
30. Jul 18 Buy Grupo Empresarial Fuertes S.L. Company 30. Jul 18 30. Jul 18 711,005 €0.01 €7,110
X
Management checks
We assess Sacyr's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sacyr has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SCYR News

Simply Wall St News

What Sacyr SA's (BME:SCYR) ROE Tells Us

Our data shows Sacyr has a return on equity of 12% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Has Sacyr SA (BME:SCYR) Improved Earnings In Recent Times?

For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. … In this article, I will take a look at Sacyr SA's (BME:SCYR) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for Sacyr?

Simply Wall St -

A Holistic Look At Sacyr SA (BME:SCYR)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

What Should You Know About Sacyr SA's (BME:SCYR) Growth?

After Sacyr SA's (BME:SCYR) earnings announcement in March 2018, … analyst consensus outlook appear vastly optimistic, … as a 51.01% rise in profits is expected in the upcoming year,

Simply Wall St -

Sacyr SA (BME:SCYR)'s Return on Capital

and want a simplistic look at the return on Sacyr SA (BME:SCYR) stock. … Buying Sacyr makes you a partial owner of the company. … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide

Simply Wall St -

Does Sacyr SA's (BME:SCYR) PE Ratio Signal A Selling Opportunity?

SCYR is priced at a small multiple of 9.42x based on its prior year’s earnings,. … But can investors make a closing judgement of the company’s value based on this low multiple. … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

At €02.447, Is Sacyr SA (BME:SCYR) A Buy?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Let’s examine Sacyr’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Have Investors Priced In Sacyr SA's (BME:SCYR) Growth?

Sacyr SA (BME:SCYR) is considered a high growth stock. … However its last closing price of €2.553 left investors wondering whether this growth has already been factored into the share price. … Sacyr's growth potential is very attractive

Simply Wall St -

Should You Be Happy With Sacyr SA.'s (BME:SCYR) 8.65% Earnings Growth?

Check out our latest analysis for Sacyr Did SCYR's recent earnings growth beat the long-term trend and the industry? … I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Sacyr, its latest trailing-twelve-month earnings is €130.64M, which, relative to last year’s figure, has risen by a fairly muted 8.65%.

Simply Wall St -

With An ROE Of 8.41%, Can Sacyr SA. (BME:SCYR) Catch Up To The Industry?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Sacyr’s equity capital deployed. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity BME:SCYR Last Perf May 8th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

SCYR Company Info

Description

Sacyr, S.A. engages in the construction and infrastructure concessions, industry, and services businesses in Latin America, Africa, Europe, Asia, and Oceania. It offers various construction services comprising civil engineering, and residential and non-residential building infrastructures. The company also manages infrastructure, such as motorways, hospitals, transport hubs, etc. In addition, it develops conventional and renewable power plants, cogeneration plants, solar energy and geothermal plants, and biomass; operates and maintains power plants and industrial facilities; and designs, constructs, and operates waste treatment and waste-to-power plants, as well as mining and processing plant projects. Further, the company engages in the implementation of refinery, chemical and petrochemical, gas handling and treatment, and liquefied natural gas projects; and transportation and storage fuels; and engineering development and construction of high-voltage electricity lines and electricity substations, as well as low, medium, and high-voltage facilities. Additionally, it offers municipal, waste treatment, and regeneration services; integrated water cycle management, water purification, desalination, and treatment and recycling services; facility management and maintenance, buildings cleaning, and ancillary services; and explores, researches, and sells minerals. Sacyr, S.A. also engages in real estate development activities; and provides catering services. The company was formerly known as Sacyr Vallehermoso S.A. and changed its name to Sacyr, S.A. in August 2013. Sacyr, S.A. is based in Madrid, Spain.

Details
Name: Sacyr, S.A.
SCYR
Exchange: BME
Founded:
€1,232,392,170
557,643,516
Website: http://www.sacyr.com
Address: Sacyr, S.A.
Paseo de la Castellana 83-85,
Madrid,
Madrid, 28046,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME SCYR Bearer Shares Bolsas y Mercados Espanoles ES EUR 31. May 1994
OTCPK SYRV.F Bearer Shares Pink Sheets LLC US USD 31. May 1994
DB VHM Bearer Shares Deutsche Boerse AG DE EUR 31. May 1994
LSE 0OFU Bearer Shares London Stock Exchange GB EUR 31. May 1994
BATS-CHIXE SCYRE Bearer Shares BATS 'Chi-X Europe' GB EUR 31. May 1994
Number of employees
Current staff
Staff numbers
37,730
Sacyr employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:49
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.