FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. Financials Fomento de Construcciones y Contratas, S.A.
Equities
FCC
ES0122060314
Environmental Services & Equipment
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.21 EUR | +0.73% |
|
+2.56% | +4.53% |
| May. 24 | Utilities EPS have not factored the rapid surge in energy prices |  |
| May. 17 | Carlos Slim's FCC to spin off and list cement and real estate unit | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,270 | 3,587 | 4,689 | 3,835 | 6,649 | 6,585 | - | - |
| Enterprise Value (EV) 1 | 7,461 | 6,186 | 7,743 | 6,857 | 6,649 | 9,349 | 8,557 | 7,570 |
| P/E ratio | 15.8 x | 13.3 x | 7.91 x | 12.1 x | 11 x | 13.7 x | 13.7 x | 13.9 x |
| Yield | 3.66% | 4.55% | 3.61% | 4.54% | - | 3.16% | 2.85% | 2.65% |
| Capitalization / Revenue | 0.68 x | 0.58 x | 0.7 x | 0.5 x | 0.74 x | 0.7 x | 0.69 x | 0.66 x |
| EV / Revenue | 1.19 x | 1 x | 1.16 x | 0.89 x | 0.74 x | 0.99 x | 0.89 x | 0.76 x |
| EV / EBITDA | 7.69 x | 5.83 x | 6.87 x | 5.23 x | 4.35 x | 5.83 x | 5.19 x | 4.43 x |
| EV / FCF | 24.7 x | 31.4 x | 21.6 x | 7.43 x | - | 15.3 x | 11.8 x | 8.33 x |
| FCF Yield | 4.05% | 3.19% | 4.63% | 13.5% | - | 6.56% | 8.46% | 12% |
| Price to Book | 2.19 x | 1.57 x | 1.57 x | 1.13 x | - | 1.51 x | 1.57 x | - |
| Nbr of stocks (in thousands) | 391,014 | 407,562 | 423,167 | 434,827 | 456,667 | 436,062 | - | - |
| Reference price 2 | 10.92 | 8.800 | 11.08 | 8.820 | 14.56 | 15.10 | 15.10 | 15.10 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/24/22 | 2/24/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,276 | 6,158 | 6,659 | 7,706 | 9,026 | 9,407 | 9,594 | 9,998 |
| EBITDA 1 | 970 | 1,062 | 1,127 | 1,311 | 1,530 | 1,604 | 1,648 | 1,709 |
| EBIT 1 | 511.6 | 572.7 | 802.2 | 610.5 | 910.3 | 993.1 | 1,040 | 1,109 |
| Operating Margin | 8.15% | 9.3% | 12.05% | 7.92% | 10.08% | 10.56% | 10.84% | 11.09% |
| Earnings before Tax (EBT) 1 | 489 | 429.9 | 807.5 | 550.7 | 915.9 | 873.6 | 1,002 | 1,070 |
| Net income 1 | 266.7 | 262.2 | 580.1 | 315.2 | 591 | 488.3 | 505 | 552 |
| Net margin | 4.25% | 4.26% | 8.71% | 4.09% | 6.55% | 5.19% | 5.26% | 5.52% |
| EPS 2 | 0.6900 | 0.6600 | 1.400 | 0.7300 | 1.320 | 1.106 | 1.102 | 1.090 |
| Free Cash Flow 1 | 302.1 | 197.1 | 358.9 | 922.9 | - | 613 | 723.7 | 908.5 |
| FCF margin | 4.81% | 3.2% | 5.39% | 11.98% | - | 6.52% | 7.54% | 9.09% |
| FCF Conversion (EBITDA) | 31.15% | 18.57% | 31.85% | 70.38% | - | 38.2% | 43.9% | 53.17% |
| FCF Conversion (Net income) | 113.28% | 75.19% | 61.86% | 292.81% | - | 125.52% | 143.31% | 164.58% |
| Dividend per Share 2 | 0.4000 | 0.4000 | 0.4000 | 0.4000 | - | 0.4775 | 0.4300 | 0.4000 |
| Announcement Date | 2/28/20 | 2/26/21 | 2/24/22 | 2/24/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 S1 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,822 | 3,168 | 1,696 | 1,795 | 1,672 | 1,913 | 3,584 | 1,958 | 2,164 | 4,320 | 2,366 | 2,163 |
| EBITDA 1 | 433.6 | 529.2 | 285.5 | 311.9 | 278.3 | 324.9 | 603.2 | 337 | 371.2 | 733.4 | 398.3 | 359 |
| EBIT | 187.9 | 323.3 | 173 | 305.9 | 191 | 191 | 382 | 218.8 | - | - | - | - |
| Operating Margin | 6.66% | 10.21% | 10.2% | 17.04% | 11.42% | 9.99% | 10.66% | 11.18% | - | - | - | - |
| Earnings before Tax (EBT) | 134.3 | 340.3 | 215 | 252.2 | - | 196.3 | 392.6 | 79.04 | - | - | - | - |
| Net income | 75.91 | 232.5 | 152.4 | 195.2 | 85.1 | 141.5 | 226.6 | 131.7 | - | 256 | - | - |
| Net margin | 2.69% | 7.34% | 8.99% | 10.88% | 5.09% | 7.4% | 6.32% | 6.73% | - | 5.93% | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 7/28/21 | 10/29/21 | 2/24/22 | 5/1/22 | 7/29/22 | 7/29/22 | 11/4/22 | 2/24/23 | 7/28/23 | 2/29/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,192 | 2,600 | 3,054 | 3,022 | - | 2,764 | 1,972 | 986 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.29 x | 2.449 x | 2.711 x | 2.305 x | - | 1.723 x | 1.196 x | 0.5768 x |
| Free Cash Flow 1 | 302 | 197 | 359 | 923 | - | 613 | 724 | 909 |
| ROE (net income / shareholders' equity) | 14.7% | 12.4% | 21.9% | 9.86% | - | 10.7% | 10.4% | 9.35% |
| ROA (Net income/ Total Assets) | - | - | 4.29% | 2.14% | - | - | - | - |
| Assets 1 | - | - | 13,538 | 14,763 | - | - | - | - |
| Book Value Per Share 2 | 4.990 | 5.610 | 7.070 | 7.780 | - | 9.970 | 9.600 | - |
| Cash Flow per Share 2 | 1.640 | 1.520 | 1.800 | 3.600 | - | 2.910 | - | - |
| Capex 1 | 328 | 408 | 387 | 623 | - | 634 | 516 | 487 |
| Capex / Sales | 5.23% | 6.62% | 5.82% | 8.08% | - | 6.73% | 5.38% | 4.87% |
| Announcement Date | 2/28/20 | 2/26/21 | 2/24/22 | 2/24/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
15.1
EUR
Average target price
15.54
EUR
Spread / Average Target
+2.93%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.53% | 7.07B | |
| +12.62% | 80.95B | |
| +13.83% | 59.12B | |
| +21.38% | 24.65B | |
| +23.59% | 11.63B | |
| +22.81% | 10.97B | |
| +21.25% | 4.78B | |
| +19.60% | 4.61B | |
| -14.25% | 2.72B | |
| -8.22% | 2.29B |
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