Company Valuation: Ferrovial N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,975 17,976 24,093 29,853 39,795 40,139 - -
Change - -10.01% 34.03% 23.91% 33.31% 0.86% - -
Enterprise Value (EV) 1 25,241 24,563 30,073 36,126 45,688 46,189 45,632 45,058
Change - -2.69% 22.43% 20.13% 26.47% 1.1% -1.21% -1.26%
P/E 17x 97.9x 53.3x 9.08x 44.6x 55.3x 49.1x 40.9x
PBR 4.96x 4.32x 6.45x 4.82x 6.63x 6.97x 6.85x 6.98x
PEG - -1.2x 0x 0x -0.6x -3x 3.9x 2x
Capitalization / Revenue 2.95x 2.38x 2.83x 3.26x 4.13x 3.99x 3.82x 3.65x
EV / Revenue 3.72x 3.25x 3.53x 3.95x 4.75x 4.6x 4.35x 4.1x
EV / EBITDA 42.3x 33.7x 30.3x 26.9x 31.4x 29.4x 26.5x 23.7x
EV / EBIT 74.7x 57.3x 51x 40.1x 47.2x 43.3x 37.7x 33.1x
EV / FCF 56.5x 200x 35.9x 13.9x 44.1x 56x 38.1x 30.9x
FCF Yield 1.77% 0.5% 2.78% 7.21% 2.27% 1.79% 2.62% 3.24%
Dividend per Share 2 0.502 0.701 0.715 0.761 0.872 0.9291 0.9689 1.036
Rate of return 1.82% 2.86% 2.17% 1.87% 1.58% 1.67% 1.74% 1.86%
EPS 2 1.62 0.25 0.62 4.47 1.24 1.008 1.135 1.362
Distribution rate 31% 280% 115% 17% 70.3% 92.2% 85.4% 76%
Net sales 1 6,778 7,551 8,514 9,147 9,627 10,050 10,494 10,985
EBITDA 1 597 728 991 1,342 1,457 1,572 1,725 1,901
EBIT 1 338 429 590 901 967 1,066 1,211 1,360
Net income 1 1,197 186 460 3,239 888 747.3 832.7 950.9
Net Debt 1 5,266 6,587 5,980 6,273 5,893 6,050 5,493 4,919
Reference price 2 27.56 24.47 33.02 40.60 55.34 55.70 55.70 55.70
Nbr of stocks (in thousands) 7,24,798 7,34,595 7,29,635 7,35,283 7,19,103 7,20,626 - -
Announcement Date 24/02/22 01/03/23 27/02/24 27/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.39x4.6x29.44x1.64% 4.6TCr
65.05x2.81x27.51x0.07% 9.43TCr
13.08x1.06x5.8x4.48% 7.13TCr
38.8x4.75x26.33x0.17% 5.88TCr
25.27x1.93x18.78x1.23% 5.45TCr
33.09x0.78x13.13x1.92% 3.92TCr
27.88x0.54x8.68x2.14% 3.57TCr
25.4x1.65x15.86x0.19% 3.31TCr
4.66x0.29x5.75x6.11% 2.76TCr
14.81x0.4x4.45x4.5% 2.11TCr
Average 30.34x 1.88x 15.57x 2.25% 4.82TCr
Weighted average by Cap. 34.98x 2.20x 17.72x 1.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Ferrovial N.V.