Ferrovial SE

LSE:0P2N Stock Report

Market Cap: €28.3b

Ferrovial Valuation

Is 0P2N 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 0P2N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0P2N (€38.94) is trading below our estimate of fair value (€72.56)

Significantly Below Fair Value: 0P2N is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0P2N?

Key metric: As 0P2N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0P2N. This is calculated by dividing 0P2N's market cap by their current earnings.
What is 0P2N's PE Ratio?
PE Ratio38.4x
Earnings€736.00m
Market Cap€28.29b

Price to Earnings Ratio vs Peers

How does 0P2N's PE Ratio compare to its peers?

The above table shows the PE ratio for 0P2N 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
0P2N Ferrovial
38.4x4.8%€28.3b

Price-To-Earnings vs Peers: 0P2N 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 0P2N's PE Ratio compare vs other companies in the European Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0P2N 38.4xIndustry Avg. 13.1xNo. of Companies19PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0P2N is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the European Construction industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0P2N'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.

0P2N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: 0P2N is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

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 0P2N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.94
€40.04
+2.8%
10.3%€45.00€28.00n/a18
Nov ’25€37.12
€39.86
+7.4%
10.7%€45.00€28.00n/a17
Oct ’25€39.00
€39.16
+0.4%
12.9%€45.00€28.00n/a18
Sep ’25€37.62
€39.16
+4.1%
12.9%€45.00€28.00n/a18
Aug ’25€36.34
€38.86
+6.9%
13.5%€45.00€28.00n/a18
Jul ’25€36.47
€38.26
+4.9%
13.1%€45.00€28.00n/a17
Jun ’25€36.38
€37.93
+4.2%
12.5%€44.00€28.00n/a17
May ’25€33.80
€36.68
+8.5%
14.5%€44.00€24.80n/a17
Apr ’25€36.10
€36.23
+0.4%
15.5%€44.00€24.80n/a16
Mar ’25€34.43
€37.03
+7.5%
15.6%€44.00€21.00n/a17
Feb ’25€35.35
€34.37
-2.8%
17.9%€44.00€21.00n/a16
Jan ’25€33.08
€32.31
-2.4%
13.8%€37.00€21.00n/a16
Dec ’24€31.83
€32.29
+1.4%
13.4%€37.00€21.00n/a17
Nov ’24€28.30
€31.53
+11.4%
14.1%€37.00€21.00€37.1219
Oct ’24€29.14
€31.03
+6.5%
14.6%€37.00€20.00€39.0019
Sep ’24€29.16
€30.65
+5.1%
14.0%€37.00€20.00€37.6220
Aug ’24€30.11
€30.26
+0.5%
13.4%€36.00€20.00€36.3419
Jul ’24€28.94
€29.64
+2.4%
13.9%€36.00€20.00€36.4717
Jun ’24€29.14
€28.50
-2.2%
9.1%€32.00€24.00€36.3812
May ’24€28.26
€28.90
+2.3%
3.4%€30.50€28.00€33.804
Apr ’24€27.10
€28.90
+6.6%
3.4%€30.50€28.00€36.104
Mar ’24€26.42
€29.20
+10.5%
3.3%€30.50€28.20€34.433

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

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