OTCPK:SYRV.F

Stock Analysis Report

Executive Summary

Sacyr, S.A. engages in the construction and infrastructure concessions, industry, and services businesses in Latin America, Africa, Europe, Asia, and Oceania.


Snowflake Analysis

Very undervalued with acceptable track record.


Similar Companies

Share Price & News

How has Sacyr's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SYRV.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SYRV.F

3.2%

US Construction

0.9%

US Market


1 Year Return

n/a

SYRV.F

17.4%

US Construction

20.0%

US Market

Return vs Industry: Insufficient data to determine how SYRV.F performed against the US Construction industry.

Return vs Market: Insufficient data to determine how SYRV.F performed against the US Market.


Shareholder returns

SYRV.FIndustryMarket
7 Day0%3.2%0.9%
30 Dayn/a0.7%1.4%
90 Dayn/a4.2%8.8%
1 Yearn/a18.3%17.4%22.5%20.0%
3 Yearn/a9.1%6.7%49.9%40.3%
5 Year-20.0%-20.0%43.2%38.0%73.2%54.1%

Price Volatility Vs. Market

How volatile is Sacyr's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sacyr undervalued compared to its fair value and its price relative to the market?

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SYRV.F ($2.84) is trading below our estimate of fair value ($3.73)

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


Price To Earnings Ratio

PE vs Industry: SYRV.F is good value based on its PE Ratio (9.1x) compared to the Construction industry average (18.1x).

PE vs Market: SYRV.F is good value based on its PE Ratio (9.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: SYRV.F is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SYRV.F is good value based on its PB Ratio (1.3x) compared to the US Construction industry average (1.8x).


Next Steps

Future Growth

How is Sacyr forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYRV.F's forecast earnings growth (13.6% per year) is above the savings rate (1.7%).

Earnings vs Market: SYRV.F's earnings (13.6% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: SYRV.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: SYRV.F's revenue (1.8% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: SYRV.F's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SYRV.F's Return on Equity is forecast to be low in 3 years time (14.9%).


Next Steps

Past Performance

How has Sacyr performed over the past 5 years?

54.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYRV.F has high quality earnings.

Growing Profit Margin: SYRV.F's current net profit margins (3.9%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: SYRV.F has become profitable over the past 5 years, growing earnings by 54.8% per year.

Accelerating Growth: SYRV.F's earnings growth over the past year (14.6%) is below its 5-year average (54.8% per year).

Earnings vs Industry: SYRV.F earnings growth over the past year (14.6%) exceeded the Construction industry 2.4%.


Return on Equity

High ROE: SYRV.F's Return on Equity (14.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sacyr's financial position?


Financial Position Analysis

Short Term Liabilities: SYRV.F's short term assets (€4.8B) exceed its short term liabilities (€4.7B).

Long Term Liabilities: SYRV.F's short term assets (€4.8B) do not cover its long term liabilities (€8.4B).


Debt to Equity History and Analysis

Debt Level: SYRV.F's debt to equity ratio (519.5%) is considered high.

Reducing Debt: SYRV.F's debt to equity ratio has increased from 507.7% to 519.5% over the past 5 years.


Balance Sheet

Inventory Level: SYRV.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: SYRV.F's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SYRV.F is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: SYRV.F is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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

4.61%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage0.9%forecastin3Years4.6%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SYRV.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SYRV.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SYRV.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SYRV.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SYRV.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SYRV.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Manuel Manrique Cecilia (65yo)

15.3yrs

Tenure

€4,876,048

Compensation

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 Constru ...


CEO Compensation Analysis

Compensation vs Market: Manuel 's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD3.78M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Manuel Manrique Cecilia
Co-Founder15.3yrs€4.88m1.4% 23.0m
José Manuel Loureda Mantiñán
Co-Founder & Director 15.2yrs€137.00k0.000050% 822.8
José Manuel Loureda López
Director14.8yrs€72.00kno data
Carlos Mijangos Gorozarri
Chief Financial Officer4.4yrsno datano data
José Carlos Otero Fernández
General Manager of Administration & Operations0yrsno datano data
Pedro Alonso Ruíz
General Manager of Communication1.1yrsno datano data
Miguel Heras Dolader
Corporate GM of Talent Management & HR GM0yrsno datano data
Fernando Lozano Sainz
Chief Executive Officer of Valoriza Gestión S.A.0yrsno datano data
Gonzalo García San Miguel
Managing Director of Sacyr Industrial0yrsno datano data
Francisco Javier Gayo Pozo
Chairman0yrs€592.00kno data

4.4yrs

Average Tenure

63yo

Average Age

Experienced Management: SYRV.F's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Manuel Manrique Cecilia
Co-Founder15.3yrs€4.88m1.4% 23.0m
José Manuel Loureda Mantiñán
Co-Founder & Director 15.2yrs€137.00k0.000050% 822.8
José Manuel Loureda López
Director14.8yrs€72.00kno data
Francisco Javier Gayo Pozo
Chairman0yrs€592.00kno data
Juan María Aguirre Gonzalo
Lead Independent Director0yrs€139.00k0.0082% 135.4k
Juan Miguel Sanjuán Jover
Director6.7yrs€94.00kno data
Fernando Rodríguez-Avial Llardent
Chairman of Testa Inmuebles en Renta S A 20.1yrsno datano data
Isabel Martín Castella
Independent Director4.7yrs€120.60kno data
Demetrio Carceller Arce
First Vice Chairman8.3yrs€147.80k0.0063% 104.0k
Augusto Juan Manuel Delkader Teig
Independent Director6.7yrs€165.00kno data

8.3yrs

Average Tenure

69yo

Average Age

Experienced Board: SYRV.F's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SYRV.F insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Sacyr, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sacyr, S.A.
  • Ticker: SYRV.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €1.519b
  • Listing Market Cap: €1.646b
  • Shares outstanding: 565.47m
  • Website: https://www.sacyr.com

Number of Employees


Location

  • Sacyr, S.A.
  • Paseo de la Castellana 83-85
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCYRBME (Bolsas y Mercados Espanoles)YesBearer SharesESEURMay 1994
VHMDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 1994
0OFULSE (London Stock Exchange)YesBearer SharesGBEURMay 1994
SYRV.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 1994
SCYREBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 1994

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 00:22
End of Day Share Price2020/02/07 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.