-2.71%
-0.05%
-0.29%
8.78%
18.49%
77.20%
54.73%
AI Spotlight on FER
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Company Description
Ferrovial, S.A., together with its subsidiaries, operates as an infrastructure and mobility operator in the United States, Poland, Spain, the United Kingdom, Canada, and internationally.The company engages in the design and construction of various public and private works; and development, finance, and operation of toll roads.Its construction activities include highways, tunnels, railways, bridges and viaducts, airports, intelligent toll systems, port and airport infrastructures, buildings, energy restoration, aqueducts, water treatment plants, desalination plants, digesters, thermal drying plants, chimneys and silos, caissons, storage tanks, solar power towers, oil facilities, and other construction.
The company is also involved in the operation and maintenance services of urban and industrial waste water treatment plants, and water treatment and desalination plants.In addition, it develops, manufactures, and markets asphalt and bitumen products; develops, finances, and operates airports; provides integrated solutions for the development and management of electrical transmission networks; provides mobility services, including ZITY, an electric carsharing service application; undertakes engineering works; and sells hydraulic equipment.The company was founded in 1952 and is based in Madrid, Spain.
Market Data
| Last Price | 40.88 |
| Change Percentage | -2.71% |
| Open | 42.26 |
| Previous Close | 42.02 |
| Market Cap ( Millions) | 28731 |
| Volume | 410571 |
| Year High | 43.66 |
| Year Low | 32.94 |
| M A 50 | 41.4 |
| M A 200 | 38.51 |
Financial Ratios
| FCF Yield | 2.83% |
| Dividend Yield | 1.87% |
| ROE | 12.94% |
| Debt / Equity | 316.72% |
| Net Debt / EBIDTA | 761.09% |
| Price To Book | 8.07 |
| Price Earnings Ratio | 54.89 |
| Price To FCF | 35.34 |
| Price To sales | 3.25 |
| EV / EBITDA | 34.04 |
News
- Mar -01 - Ferrovial SE (FER) (FY 2024) Earnings Call Highlights: Strong Growth and Strategic Divestments ...
- Feb -28 - Ferrovial CEO message to employees and shareholders
- Feb -28 - Ferrovial increased adjusted EBITDA by 38.9% in 2024
- Feb -26 - Ferrovial-led consortium to transform Paseo de la Castellana
- Feb -04 - Ferrovial to execute $285m tunnelling project for National Grid, UK
- Jan -23 - Is Ferrovial SE (FER) Among Billionaire Chris Hohn’s Top Stock Picks?
- Dec -23 - Ferrovial recognized as a sustainability leader in Dow Jones Sustainability Index World
- Dec -12 - Heathrow airport investors including Quebec's Caisse de dépôt sell down their holdings
- Dec -12 - Ferrovial closes the sale of a 19.75% stake in Heathrow for 2,000 million euros
- Dec -12 - Ferrovial closes sale of 19.75% stake in Heathrow Airport for 2 billion euros
- Dec -11 - Ferrovial and BAM selected for UK’s HS2 project track infrastructure
- Nov -14 - András Szakonyi named CEO of Ferrovial's Digital Infrastructure Division
- Nov -13 - Aberdeen, Glasgow and Southampton airports owner sold in £1.53bn deal
- Oct -31 - Ferrovial SE (FER) Q3 2024 Earnings Call Highlights: Strong Toll Road and Aviation Performance ...
- Oct -29 - Ferrovial increased adjusted EBITDA by 50% in the first nine months of the year
- Oct -23 - Heathrow expects to handle record 83.8m passengers in 2024
- Oct -17 - Ferrovial teams up with IKEA's owners to run roads and parking in Europe and Canada
- Oct -15 - 10 Years of Progress: How the TEXpress Lanes are Shaping the Future of Infrastructure and Growth
- Oct -04 - Ferrovial constructs Satellite Control Center for Hisdesat in Madrid
- Jul -31 - Ferrovial reached $447 million net profit in the first half of the year
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Construction
Expected Growth : 4.5 %
What the company do ?
Ferrovial Construction is a leading global infrastructure operator, developing and managing transport infrastructure, including roads, highways, and airports.
Why we expect these perspectives ?
Ferrovial's 4.5% growth in Construction is driven by increasing infrastructure investments in Europe, particularly in the UK and Spain, coupled with a strong pipeline of PPP projects. Additionally, the company's focus on sustainable and digital construction methods, as well as its strategic acquisitions, have contributed to its growth momentum.
Segment n°2 -> Toll Roads
Expected Growth : 4.8 %
What the company do ?
Toll Roads from Ferrovial, S.A. are a network of highways and roads operated by Ferrovial, a Spanish multinational infrastructure operator, providing efficient and safe transportation to millions of users.
Why we expect these perspectives ?
Ferrovial's toll road segment growth of 4.8% is driven by increasing traffic volumes, higher toll prices, and new concession agreements. Strong economic growth in key markets, such as the US and Europe, has led to increased traffic flow, while strategic acquisitions and investments in digital toll collection systems have improved operational efficiency.
Segment n°3 -> Energy and Mobility Infrastructure
Expected Growth : 5.2 %
What the company do ?
Energy and Mobility Infrastructure from Ferrovial, S.A. refers to sustainable and innovative solutions for energy and transportation systems, enhancing urban mobility and reducing carbon footprint.
Why we expect these perspectives ?
Ferrovial's Energy and Mobility Infrastructure segment growth of 5.2% is driven by increasing demand for sustainable transportation, government investments in green infrastructure, and the company's strategic focus on renewable energy and electrification of transportation systems, such as high-speed rail and electric vehicle charging networks.
Segment n°4 -> Adjustments
Expected Growth : 4.2 %
What the company do ?
Adjustments from Ferrovial, S.A. refer to the modifications made to the company's financial statements to reflect the true economic performance, eliminating non-recurring items.
Why we expect these perspectives ?
Ferrovial, S.A.'s 4.2% growth driven by increased infrastructure investments, urbanization, and government initiatives. Strong demand for toll roads and construction services, coupled with cost savings from operational efficiencies, contribute to the company's growth momentum.
Segment n°5 -> Other
Expected Growth : 4.0 %
What the company do ?
Ferrovial's 'Other' segment includes non-core businesses, such as renewable energy, and other investments not classified under Construction, Services, or Toll Roads.
Why we expect these perspectives ?
Ferrovial's 4.0% growth in 'Other' segment is driven by increased demand for sustainable infrastructure solutions, expansion of its services business, and strategic acquisitions. Additionally, the company's focus on innovation and digitalization, as well as its diversified geographic presence, contribute to its growth momentum.
Segment n°6 -> Airports
Expected Growth : 5.5 %
What the company do ?
Ferrovial, S.A. operates 4 airports: Heathrow, Glasgow, Aberdeen, and Southampton, in the UK, providing air transportation infrastructure and services.
Why we expect these perspectives ?
Ferrovial's airport segment growth of 5.5% is driven by increasing passenger traffic, driven by rising global air travel demand, and strategic investments in airport infrastructure and technology. Additionally, the company's focus on sustainability and efficiency initiatives, such as energy-efficient buildings and digitalization, contribute to its growth.
Ferrovial, S.A. Products
| Product Range | What is it ? |
|---|---|
| Highway Concessions | Design, construction, financing, operation and maintenance of highways and toll roads |
| Airport Concessions | Management and operation of airport terminals, including passenger services and retail operations |
| Construction | Design, construction, and maintenance of infrastructure projects, including roads, railways, and buildings |
| Services | Facility management, maintenance, and operation of infrastructure assets |
| Renewable Energy | Development, construction, and operation of renewable energy projects, including solar and wind farms |
Ferrovial, S.A.'s Porter Forces
Threat Of Substitutes
Ferrovial's construction and infrastructure projects are often unique and complex, making it difficult for substitutes to emerge. However, the company's reliance on government contracts and public funding makes it vulnerable to changes in government policies and priorities.
Bargaining Power Of Customers
Ferrovial's customers are primarily government agencies and public entities, which have limited bargaining power due to the complexity and uniqueness of the company's projects.
Bargaining Power Of Suppliers
Ferrovial relies on a diverse range of suppliers for materials and services, which can exert some bargaining power. However, the company's scale and reputation help to mitigate this risk.
Threat Of New Entrants
The construction and infrastructure industry has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new entrants to compete with Ferrovial.
Intensity Of Rivalry
The construction and infrastructure industry is highly competitive, with many established players competing for a limited number of projects. Ferrovial faces intense rivalry from companies such as ACS, Vinci, and Bouygues.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 75.21% |
| Debt Cost | 4.46% |
| Equity Weight | 24.79% |
| Equity Cost | 8.56% |
| WACC | 5.48% |
| Leverage | 303.35% |
Ferrovial, S.A. : Quality Control
Ferrovial, S.A. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| DG.PA | VINCI SA, together with its subsidiaries, operates in the concessions, energy, and construction segments primarily in France. It Concessions segment operates motorway concessions with a network of 4,419 kilometers in … |
| SGO.PA | Compagnie de Saint-Gobain S.A. designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe Middle East (ME) … |
| VOLV-B.ST | AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The … |
| AENA.MC | Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration of airport infrastructures and heliports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The … |
| BA.L | BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic … |
Peers Metrics
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Aena
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BAE Systems
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