FERROVIAL SE (FER.AS) Fundamental Analysis & Valuation

AMS:FER • NL0015001FS8

Current stock price

57.5 EUR
+0.2 (+0.35%)
Last:

This FER.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. FER.AS Profitability Analysis

1.1 Basic Checks

  • In the past year FER was profitable.
  • In the past year FER had a positive cash flow from operations.
  • FER had positive earnings in each of the past 5 years.
  • FER had a positive operating cash flow in each of the past 5 years.
FER.AS Yearly Net Income VS EBIT VS OCF VS FCFFER.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • The Return On Assets of FER (3.24%) is comparable to the rest of the industry.
  • FER has a Return On Equity of 15.03%. This is comparable to the rest of the industry: FER outperforms 45.45% of its industry peers.
  • FER has a Return On Invested Capital of 3.46%. This is in the lower half of the industry: FER underperforms 75.00% of its industry peers.
  • FER had an Average Return On Invested Capital over the past 3 years of 2.86%. This is significantly below the industry average of 11.81%.
  • The last Return On Invested Capital (3.46%) for FER is above the 3 year average (2.86%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.24%
ROE 15.03%
ROIC 3.46%
ROA(3y)5.38%
ROA(5y)4.32%
ROE(3y)26.81%
ROE(5y)22.84%
ROIC(3y)2.86%
ROIC(5y)2.3%
FER.AS Yearly ROA, ROE, ROICFER.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

1.3 Margins

  • With an excellent Profit Margin value of 9.22%, FER belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FER has grown nicely.
  • FER's Operating Margin of 10.04% is fine compared to the rest of the industry. FER outperforms 75.00% of its industry peers.
  • In the last couple of years the Operating Margin of FER has grown nicely.
  • The Gross Margin of FER (69.14%) is better than 79.55% of its industry peers.
  • FER's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.04%
PM (TTM) 9.22%
GM 69.14%
OM growth 3Y20.92%
OM growth 5Y30.55%
PM growth 3Y57.58%
PM growth 5YN/A
GM growth 3Y-14.89%
GM growth 5Y-7.79%
FER.AS Yearly Profit, Operating, Gross MarginsFER.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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4

2. FER.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FER is destroying value.
  • Compared to 1 year ago, FER has less shares outstanding
  • FER has less shares outstanding than it did 5 years ago.
  • FER has a better debt/assets ratio than last year.
FER.AS Yearly Shares OutstandingFER.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
FER.AS Yearly Total Debt VS Total AssetsFER.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • FER has an Altman-Z score of 1.82. This is not the best score and indicates that FER is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.82, FER is in line with its industry, outperforming 56.82% of the companies in the same industry.
  • FER has a debt to FCF ratio of 6.85. This is a slightly negative value and a sign of low solvency as FER would need 6.85 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.85, FER is in line with its industry, outperforming 47.73% of the companies in the same industry.
  • FER has a Debt/Equity ratio of 1.81. This is a high value indicating a heavy dependency on external financing.
  • FER has a worse Debt to Equity ratio (1.81) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 6.85
Altman-Z 1.82
ROIC/WACC0.54
WACC6.38%
FER.AS Yearly LT Debt VS Equity VS FCFFER.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 1.13 indicates that FER should not have too much problems paying its short term obligations.
  • FER has a Current ratio of 1.13. This is comparable to the rest of the industry: FER outperforms 54.55% of its industry peers.
  • FER has a Quick Ratio of 1.05. This is a normal value and indicates that FER is financially healthy and should not expect problems in meeting its short term obligations.
  • FER has a Quick ratio (1.05) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.05
FER.AS Yearly Current Assets VS Current LiabilitesFER.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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3

3. FER.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.70% over the past year.
  • FER shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.65% yearly.
  • FER shows a small growth in Revenue. In the last year, the Revenue has grown by 5.25%.
  • The Revenue for FER have been decreasing by -16.35% on average. This is quite bad
EPS 1Y (TTM)22.7%
EPS 3Y3.65%
EPS 5YN/A
EPS Q2Q%-92.64%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y-16.35%
Revenue growth 5YN/A
Sales Q2Q%-13.1%

3.2 Future

  • FER is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.76% yearly.
  • The Revenue is expected to decrease by -9.43% on average over the next years.
EPS Next Y-55.78%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
EPS Next 5Y-13.76%
Revenue Next Year0.71%
Revenue Next 2Y-30.82%
Revenue Next 3Y-19.97%
Revenue Next 5Y-9.43%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FER.AS Yearly Revenue VS EstimatesFER.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
FER.AS Yearly EPS VS EstimatesFER.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5

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1

4. FER.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 108.49 indicates a quite expensive valuation of FER.
  • Based on the Price/Earnings ratio, FER is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of FER to the average of the S&P500 Index (26.21), we can say FER is valued expensively.
  • Based on the Price/Forward Earnings ratio of 163.91, the valuation of FER can be described as expensive.
  • Based on the Price/Forward Earnings ratio, FER is valued a bit more expensive than 79.55% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, FER is valued quite expensively.
Industry RankSector Rank
PE 108.49
Fwd PE 163.91
FER.AS Price Earnings VS Forward Price EarningsFER.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FER is valued a bit more expensive than the industry average as 72.73% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as FER.
Industry RankSector Rank
P/FCF 24.4
EV/EBITDA 34.07
FER.AS Per share dataFER.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of FER may justify a higher PE ratio.
  • FER's earnings are expected to decrease with -43.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%

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3

5. FER.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.60%, FER has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.69, FER has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, FER has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.6%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
FER.AS Yearly Dividends per shareFER.AS Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 17.57% of the earnings are spent on dividend by FER. This is a low number and sustainable payout ratio.
DP17.57%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
FER.AS Yearly Income VS Free CF VS DividendFER.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
FER.AS Dividend Payout.FER.AS Dividend Payout, showing the Payout Ratio.FER.AS Dividend Payout.PayoutRetained Earnings

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FER.AS Fundamentals: All Metrics, Ratios and Statistics

FERROVIAL SE

AMS:FER (4/7/2026, 12:09:39 PM)

57.5

+0.2 (+0.35%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-26
Earnings (Next)05-11
Inst Owners40.52%
Inst Owner ChangeN/A
Ins Owners32.76%
Ins Owner ChangeN/A
Market Cap42.19B
Revenue(TTM)9.63B
Net Income(TTM)888.00M
Analysts73.33
Price Target60.69 (5.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.6%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP17.57%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.8%
Min EPS beat(2)5.25%
Max EPS beat(2)10.35%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-9.34%
Min Revenue beat(2)-17.1%
Max Revenue beat(2)-1.57%
Revenue beat(4)1
Avg Revenue beat(4)45.75%
Min Revenue beat(4)-17.1%
Max Revenue beat(4)205.49%
Revenue beat(8)3
Avg Revenue beat(8)23.14%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)8.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.93%
Valuation
Industry RankSector Rank
PE 108.49
Fwd PE 163.91
P/S 4.38
P/FCF 24.4
P/OCF 22.02
P/B 7.14
P/tB 7.86
EV/EBITDA 34.07
EPS(TTM)0.53
EY0.92%
EPS(NY)0.35
Fwd EY0.61%
FCF(TTM)2.36
FCFY4.1%
OCF(TTM)2.61
OCFY4.54%
SpS13.12
BVpS8.05
TBVpS7.32
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.8
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 15.03%
ROCE 4.61%
ROIC 3.46%
ROICexc 4.34%
ROICexgc 4.48%
OM 10.04%
PM (TTM) 9.22%
GM 69.14%
FCFM 17.96%
ROA(3y)5.38%
ROA(5y)4.32%
ROE(3y)26.81%
ROE(5y)22.84%
ROIC(3y)2.86%
ROIC(5y)2.3%
ROICexc(3y)3.64%
ROICexc(5y)2.99%
ROICexgc(3y)3.77%
ROICexgc(5y)3.1%
ROCE(3y)3.82%
ROCE(5y)3.07%
ROICexgc growth 3Y28.58%
ROICexgc growth 5Y22.08%
ROICexc growth 3Y28.88%
ROICexc growth 5Y22.24%
OM growth 3Y20.92%
OM growth 5Y30.55%
PM growth 3Y57.58%
PM growth 5YN/A
GM growth 3Y-14.89%
GM growth 5Y-7.79%
F-Score6
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 6.85
Debt/EBITDA 7.33
Cap/Depr 38.16%
Cap/Sales 1.94%
Interest Coverage 2.13
Cash Conversion 131.5%
Profit Quality 194.71%
Current Ratio 1.13
Quick Ratio 1.05
Altman-Z 1.82
F-Score6
WACC6.38%
ROIC/WACC0.54
Cap/Depr(3y)36.95%
Cap/Depr(5y)38.1%
Cap/Sales(3y)1.81%
Cap/Sales(5y)1.7%
Profit Quality(3y)159.26%
Profit Quality(5y)197.72%
High Growth Momentum
Growth
EPS 1Y (TTM)22.7%
EPS 3Y3.65%
EPS 5YN/A
EPS Q2Q%-92.64%
EPS Next Y-55.78%
EPS Next 2Y-18.72%
EPS Next 3Y-43.08%
EPS Next 5Y-13.76%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y-16.35%
Revenue growth 5YN/A
Sales Q2Q%-13.1%
Revenue Next Year0.71%
Revenue Next 2Y-30.82%
Revenue Next 3Y-19.97%
Revenue Next 5Y-9.43%
EBIT growth 1Y7.33%
EBIT growth 3Y31.12%
EBIT growth 5Y41.08%
EBIT Next Year59.24%
EBIT Next 3Y24.31%
EBIT Next 5Y17.68%
FCF growth 1Y67.54%
FCF growth 3Y27.71%
FCF growth 5Y11.68%
OCF growth 1Y52.31%
OCF growth 3Y27.47%
OCF growth 5Y11.52%

FERROVIAL SE / FER.AS Fundamental Analysis FAQ

What is the fundamental rating for FER stock?

ChartMill assigns a fundamental rating of 4 / 10 to FER.AS.


Can you provide the valuation status for FERROVIAL SE?

ChartMill assigns a valuation rating of 1 / 10 to FERROVIAL SE (FER.AS). This can be considered as Overvalued.


Can you provide the profitability details for FERROVIAL SE?

FERROVIAL SE (FER.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for FER stock?

The Price/Earnings (PE) ratio for FERROVIAL SE (FER.AS) is 108.49 and the Price/Book (PB) ratio is 7.14.


What is the financial health of FERROVIAL SE (FER.AS) stock?

The financial health rating of FERROVIAL SE (FER.AS) is 4 / 10.