Ferrovial SE

BATS-CHIXE:FERE Stock Report

Market Cap: €28.3b

Ferrovial Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FERE (€38.44) is trading below our estimate of fair value (€71.63)

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

Key Valuation Metric

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

Key metric: As FERE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FERE. This is calculated by dividing FERE's market cap by their current earnings.
What is FERE's PE Ratio?
PE Ratio38.4x
Earnings€736.00m
Market Cap€28.29b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FERE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
BBY Balfour Beatty
10x0.1%UK£2.3b
MGNS Morgan Sindall Group
14.4x2.8%UK£1.8b
KLR Keller Group
8.6x2.4%UK£1.1b
RNWH Renew Holdings
16.9x7.2%UK£827.8m
FERE Ferrovial
38.4x4.8%€28.3b

Price-To-Earnings vs Peers: FERE is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies19PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FERE is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is FERE'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.

FERE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FERE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FERE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.44
€40.04
+4.2%
10.3%€45.00€28.00n/a18
Nov ’25€37.04
€39.86
+7.6%
10.7%€45.00€28.00n/a17
Oct ’25€38.47
€39.16
+1.8%
12.9%€45.00€28.00n/a18
Sep ’25€36.85
€39.16
+6.3%
12.9%€45.00€28.00n/a18
Aug ’25€36.15
€38.86
+7.5%
13.5%€45.00€28.00n/a18
Jul ’25€36.40
€38.26
+5.1%
13.1%€45.00€28.00n/a17
Jun ’25€36.23
€37.93
+4.7%
12.5%€44.00€28.00n/a17
May ’25€33.76
€36.68
+8.6%
14.5%€44.00€24.80n/a17
Apr ’25n/a
€36.23
0%
15.5%€44.00€24.80n/a16
Mar ’25€34.55
€37.03
+7.2%
15.6%€44.00€21.00n/a17
Feb ’25n/a
€34.37
0%
17.9%€44.00€21.00n/a16
Jan ’25n/a
€32.31
0%
13.8%€37.00€21.00n/a16
Dec ’24€31.81
€32.29
+1.5%
13.4%€37.00€21.00n/a17
Nov ’24€28.02
€31.53
+12.5%
14.1%€37.00€21.00€37.0419
Oct ’24€29.08
€31.03
+6.7%
14.6%€37.00€20.00€38.4719
Sep ’24n/a
€30.65
0%
14.0%€37.00€20.00€36.8520
Aug ’24n/a
€30.26
0%
13.4%€36.00€20.00€36.1519
Jul ’24€29.09
€29.64
+1.9%
13.9%€36.00€20.00€36.4017
Jun ’24€29.15
€28.50
-2.2%
9.1%€32.00€24.00€36.2312
May ’24€28.10
€28.90
+2.8%
3.4%€30.50€28.00€33.764
Apr ’24€27.10
€28.90
+6.7%
3.4%€30.50€28.00n/a4
Mar ’24€26.41
€29.20
+10.6%
3.3%€30.50€28.20€34.553

Analyst Forecast: Target price is less than 20% higher than the current share price.

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