Ferrovial SE

NasdaqGS:FER Stock Report

Market Cap: US$30.4b

Ferrovial Valuation

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

Below Fair Value: FER ($41.9) is trading below our estimate of fair value ($71.16)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FER. This is calculated by dividing FER's market cap by their current earnings.
What is FER's PE Ratio?
PE Ratio40.1x
Earnings€736.00m
Market Cap€29.54b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.3x
EME EMCOR Group
23.5x8.9%US$21.1b
PWR Quanta Services
59.5x18.4%US$46.6b
ACM AECOM
28.2x13.6%US$14.1b
FIX Comfort Systems USA
34x15.3%US$15.2b
FER Ferrovial
40.1x4.9%US$29.5b

Price-To-Earnings vs Peers: FER is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the peer average (36.3x).

Price to Earnings Ratio vs Industry

How does FER's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
FER 40.1xIndustry Avg. 30.6xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FER is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the US Construction industry average (30.1x).

Price to Earnings Ratio vs Fair Ratio

What is FER'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.

FER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.1x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: FER is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

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 FER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$41.90
US$42.94
+2.5%
11.7%US$50.05US$29.19n/a18
Dec ’25US$41.37
US$42.55
+2.9%
10.8%US$48.78US$29.63n/a18
Nov ’25US$40.36
US$43.00
+6.5%
10.7%US$48.54US$30.20n/a17
Oct ’25US$42.93
US$43.53
+1.4%
12.9%US$50.02US$31.12n/a18
Sep ’25US$42.06
US$43.53
+3.5%
12.9%US$50.02US$31.12n/a18
Aug ’25US$38.80
US$42.15
+8.6%
13.5%US$48.81US$30.37n/a18
Jul ’25US$39.00
US$41.06
+5.3%
13.1%US$48.29US$30.05n/a17
Jun ’25US$40.50
US$41.17
+1.7%
12.5%US$47.76US$30.40n/a17
May ’25US$37.60
US$39.23
+4.3%
14.5%US$47.07US$26.53n/a17
Apr ’25n/a
US$39.08
0%
15.5%US$47.46US$26.75n/a16
Mar ’25US$39.53
US$40.13
+1.5%
15.6%US$47.68US$22.76n/a17
Feb ’25n/a
US$37.14
0%
17.9%US$47.54US$22.69n/a16
Jan ’25n/a
US$35.27
0%
13.8%US$40.39US$22.93US$42.0316
Dec ’24n/a
US$35.43
0%
13.4%US$40.60US$23.04US$41.3717
Nov ’24n/a
US$33.32
0%
14.1%US$39.10US$22.19US$40.3619
Oct ’24US$30.35
US$32.80
+8.1%
14.6%US$39.12US$21.14US$42.9319
Sep ’24n/a
US$33.73
0%
14.0%US$40.72US$22.01US$42.0620
Aug ’24US$33.40
US$33.36
-0.1%
13.4%US$39.69US$22.05US$38.8019
Jul ’24n/a
US$32.50
0%
13.9%US$39.47US$21.93US$39.0017
Jun ’24n/a
US$30.46
0%
9.1%US$34.20US$25.65US$40.5012
May ’24n/a
US$30.75
0%
3.4%US$32.45US$29.79US$37.604
Apr ’24US$27.60
US$30.75
+11.4%
3.4%US$32.45US$29.79n/a4
Mar ’24US$27.50
US$31.13
+13.2%
3.3%US$32.52US$30.07US$39.533

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 08:27
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 .

Analyst Sources

Ferrovial SE is covered by 40 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Myriam CohenAlphaValue
Filipe LeiteBanco BPI, S.A.
Luis ArredondoBanco de Sabadell. S.A.