Ferrovial N.V.

NasdaqGS:FER Stock Report

Market Cap: US$49.6b

Ferrovial Management

Management criteria checks 4/4

Ferrovial's CEO is Ignacio Fernandez, appointed in Sep 2019, has a tenure of 6.83 years. total yearly compensation is €6.16M, comprised of 26% salary and 74% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth $14.78M. The average tenure of the management team and the board of directors is 4.7 years and 8 years respectively.

Key information

Ignacio Fernandez

Chief executive officer

€6.2m

Total compensation

CEO salary percentage25.97%
CEO tenure6.8yrs
CEO ownership0.03%
Management average tenure4.7yrs
Board average tenure8yrs

Recent management updates

Recent updates

Seeking Alpha • Mar 17

Ferrovial: A Fairly Valued Bet On Urban Traffic Congestion

Summary Ferrovial SE is pivoting toward US toll roads, leveraging monopoly-like, inflation-linked cash flows in high-growth, congested urban markets. FER's integrated model and capital recycling strategy drive profitability, but accounting obscures the scale of its high-margin concessions like 407 ETR. Despite aggressive US expansion and potential JFK NTO upside, FER trades at a full valuation with limited near-term upside and significant execution risk. I rate FER as HOLD, citing execution risk, fully priced shares, and a reduced margin of safety after the recent rally. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

Ferrovial: Cold Shower Before The Next Leg Up

Summary Ferrovial's strong operational performance and US listing have driven the stock to new highs, with potential for a discounted buy opportunity amid capital return speculation. The company had a stellar 2024, breaking the €40/share mark, supported by its valuable toll road in Toronto and successful US listing. Asset disposals have led to a net cash position, sparking speculation on increased shareholder remuneration, but high expectations may lead to disappointment. Despite potential short-term volatility, Ferrovial's strong asset base and growth prospects suggest continued momentum, with a potential year-end target of €50/share. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Ignacio Fernandez's remuneration changed compared to Ferrovial's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€6m€2m

€868m

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€3b

Mar 31 2025n/an/a

€3b

Dec 31 2024€6m€1m

€3b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€736m

Mar 31 2024n/an/a

€588m

Dec 31 2023€4m€1m

€320m

Sep 30 2023n/an/a

€302m

Jun 30 2023n/an/a

€164m

Mar 31 2023n/an/a

€139m

Dec 31 2022€3m€1m

€113m

Sep 30 2022n/an/a

€1b

Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€960m

Dec 31 2021€3m€1m

€829m

Sep 30 2021n/an/a

-€261m

Jun 30 2021n/an/a

-€484m

Mar 31 2021n/an/a

-€424m

Dec 31 2020€2m€937k

-€452m

Sep 30 2020n/an/a

€100m

Jun 30 2020n/an/a

€251m

Mar 31 2020n/an/a

€535m

Dec 31 2019€2m€250k

€458m

Compensation vs Market: Ignacio's total compensation ($USD7.05M) is below average for companies of similar size in the US market ($USD14.46M).

Compensation vs Earnings: Ignacio's compensation has been consistent with company performance over the past year.

CEO

Ignacio Fernandez (60 yo)

6.8yrs
Tenure
€6,160,000
Compensation

Mr. Ignacio Madridejos Fernández has been the Chief Executive Officer and Executive Director of Ferrovial SE (Also Known as Ferrovial, S.A.) since September 30, 2019. He had been the President of CEMEX USA...

Leadership Team

NamePositionTenureCompensationOwnership
Rafael del Pino y Calvo-Sotelo
President & Executive Chairman34.5yrs€7.05m0.22%
$ 106.7m
Ignacio Fernandez
CEO & Executive Director6.8yrs€6.16m0.030%
$ 14.8m
Ernesto Mozo
Chief Financial Officer16.8yrsno data0.029%
$ 14.6m
Angel Sanchez
Major Projects & Operations Director2yrsno datano data
Ignacio del Pino
Chief Investment Officer1.7yrsno datano data
Dimitris Bountolos
Chief Information & Innovation Officer6yrsno datano data
Silvia Ruiz
Investor Relations Directorno datano datano data
Geerte Hesen
General Counsel2.2yrsno datano data
Patricia Leiva
Director of Communication & Corporate Social Responsibility3.3yrsno datano data
Carlos Paredes
Chief Human Resources Officer6.5yrsno datano data
Valentín Arias
Director of Sustainabilityno datano datano data
Ignacio Garcia Bilbao
Chief Financial Officer of Ferrovial Constructionno datano datano data
4.7yrs
Average Tenure
61yo
Average Age

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

Board Members

NamePositionTenureCompensationOwnership
Rafael del Pino y Calvo-Sotelo
President & Executive Chairman34.5yrs€7.05m0.22%
$ 106.7m
Ignacio Fernandez
CEO & Executive Director6.8yrs€6.16m0.030%
$ 14.8m
Philip Bowman
Non-Executive Independent Director10yrs€175.00k0.0048%
$ 2.4m
Óscar Fanjul Martín
Non-Executive Independent Vice Chairman11yrs€243.00k0.0068%
$ 3.4m
Juan Manuel Hoyos de Irujo
Non-Executive Independent Lead Director6.8yrs€175.00k0.00091%
$ 451.5k
Jose Fernando Mans
Non-Executive Independent Director16.6yrs€185.00k0.026%
$ 13.1m
Maria del Pino y Calvo-Sotelo
Non-Executive Director19.8yrs€175.00k0.088%
$ 43.9m
Bruno V. Di Leo
Non-Executive Independent Director8yrs€174.00k0.000050%
$ 24.8k
Gonzalo Urquijo y de Araoz
Non-Executive Independent Director6.6yrs€183.00kno data
Hildegard Wortmann
Non-Executive Independent Director5.2yrs€168.00k0.000050%
$ 24.8k
Elisenda Bou-Balust
Non-Executive Independent Directorless than a yearno datano data
8.0yrs
Average Tenure
68.5yo
Average Age

Experienced Board: FER's board of directors are considered experienced (8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 10:52
End of Day Share Price 2026/07/02 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ferrovial N.V. is covered by 29 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
José ArroyasBanco Santander
Nabil AhmedBarclays