Company Valuation: Ferrovial SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 16,352 19,975 17,976 24,093 29,853 40,759 40,759 -
Change - 22.16% -10.01% 34.03% 23.91% 36.53% 0% -
Enterprise Value (EV) 1 19,691 25,241 24,563 30,073 36,126 47,298 46,949 46,338
Change - 28.19% -2.69% 22.43% 20.13% 30.93% -0.74% -1.3%
P/E ratio -39.6x 17x 97.9x 53.3x 9.08x 47x 54.3x 44.7x
PBR 7.52x 4.96x 4.32x 6.45x 4.82x 6.9x 6.77x 6.52x
PEG - -0x -1.2x 0x 0x -0.6x -4x 2.1x
Capitalization / Revenue 2.58x 2.95x 2.38x 2.83x 3.26x 4.32x 4.17x 4x
EV / Revenue 3.11x 3.72x 3.25x 3.53x 3.95x 5.01x 4.8x 4.54x
EV / EBITDA 48.1x 42.3x 33.7x 30.3x 26.9x 33.1x 29.8x 26.7x
EV / EBIT 93.3x 74.7x 57.3x 51x 40.1x 48.2x 42.1x 36.5x
EV / FCF 23.2x 56.5x 200x 35.9x 13.9x 68.6x 47x 35.9x
FCF Yield 4.31% 1.77% 0.5% 2.78% 7.21% 1.46% 2.13% 2.78%
Dividend per Share 2 0.394 0.502 0.701 0.715 0.761 0.8015 0.8356 0.8662
Rate of return 1.74% 1.82% 2.86% 2.17% 1.87% 1.41% 1.47% 1.53%
EPS 2 -0.57 1.62 0.25 0.62 4.47 1.205 1.043 1.269
Distribution rate -69.1% 31% 280% 115% 17% 66.5% 80.1% 68.3%
Net sales 1 6,341 6,778 7,551 8,514 9,147 9,436 9,773 10,199
EBITDA 1 409 597 728 991 1,342 1,428 1,578 1,735
EBIT 1 211 338 429 590 901 980.8 1,114 1,268
Net income 1 -410 1,197 186 460 3,239 873.5 764.4 902.8
Net Debt 1 3,339 5,266 6,587 5,980 6,273 6,540 6,190 5,579
Reference price 2 22.60 27.56 24.47 33.02 40.60 56.68 56.68 56.68
Nbr of stocks (in thousands) 7,23,535 7,24,798 7,34,595 7,29,635 7,35,283 7,19,103 7,19,103 -
Announcement Date 25/02/21 24/02/22 01/03/23 27/02/24 27/02/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.04x5.01x33.12x1.41% 4.77TCr
13.51x1.14x6.28x4.21% 7.46TCr
69.82x2.68x26.51x0.09% 7.06TCr
28.47x2.09x19.85x1.11% 5.66TCr
43.74x4.52x29.73x0.17% 4.04TCr
31.43x0.71x12.33x1.85% 3.09TCr
28.12x1.81x17.5x0.14% 3.17TCr
4.45x0.27x5.07x5.34% 3.01TCr
28.76x0.5x8.17x2.34% 2.77TCr
36.04x2.83x15.45x0.56% 2.62TCr
Average 33.14x 2.16x 17.40x 1.72% 4.36TCr
Weighted average by Cap. 35.04x 2.27x 18.24x 1.74%
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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 SE