Fomento de Construcciones y Contratas SA (MAD:FCC)

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Price: 8.95 EUR 1.36%

Market Cap: 4.1B EUR

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Section:

Relative Value

The Relative Value of one FCC stock under the Base Case scenario is 17.73 EUR. Compared to the current market price of 8.95 EUR, Fomento de Construcciones y Contratas SA is Undervalued by 50%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

FCC Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.5

P/S

vs History	34
vs Industry	50

Median 5Y

0.6

Industry

0.8

Forward

0.4

More Details

6.6

P/E

vs History	53
vs Industry	48

Median 5Y

9.8

Industry

15.3

Forward

7.7

More Details

P/OCF

vs History	31
vs Industry	36

Median 5Y

4.1

Industry

8.9

More Details

37.4

P/FCFE

vs History	14
vs Industry	23

Median 5Y

-7.6

Industry

13.1

More Details

0.9

P/B

vs History	79
vs Industry	37

Median 5Y

1.5

Industry

1.2

More Details

0.8

EV/S

vs History	25
vs Industry	43

Median 5Y

0.9

Industry

Forward

0.7

More Details

1.3

EV/GP

vs History	26
vs Industry	74

Median 5Y

1.3

Industry

5.2

More Details

4.8

EV/EBITDA

vs History	34
vs Industry	53

Median 5Y

5.4

Industry

9.7

Forward

4.6

More Details

8.4

EV/EBIT

vs History	14
vs Industry	43

Median 5Y

8.7

Industry

12.4

Forward

7.7

More Details

6.7

EV/OCF

vs History	17
vs Industry	29

Median 5Y

6.5

Industry

10.1

More Details

36.8

EV/FCFF

vs History	4
vs Industry	24

Median 5Y

6.7

Industry

12.6

More Details

0.4

EV/IC

vs History	71
vs Industry	55

Median 5Y

0.6

Industry

0.8

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
ES		Fomento de Construcciones y Contratas SA MAD:FCC	4.1B EUR	0.5	6.6	4.8	8.4
IN		Larsen and Toubro Ltd F:LTO	56.9B EUR	2.1	37.2	21.4	25.5
IN		Larsen & Toubro Ltd NSE:LT	5T INR	2.1	37	21.3	25.3
FR		Vinci SA PAR:DG	56B EUR	0.8	12.2	6.2	9.1
US		Quanta Services Inc NYSE:PWR	47.8B USD	2.1	59	27	42.9
CN	C	China State Construction Engineering Corp Ltd SSE:601668	250.6B CNY	0.1	5	7.4	7.4
ES		Ferrovial SA MAD:FER	29.4B EUR	3.3	39	31.1	47.9
NL		Ferrovial SE AEX:FER	29.4B EUR	3.3	38.9	31.1	47.8
CA		WSP Global Inc TSX:WSP	31.6B CAD	2.1	48.9	16.6	25.9
US		EMCOR Group Inc NYSE:EME	21.3B USD	1.5	23	14.8	16.3
CN		China Railway Group Ltd SSE:601390	142.1B CNY	0.1	4.9	10.7	10.7

				Revenue Growth	P/S to Growth
ES		Fomento de Construcciones y Contratas SA MAD:FCC	Average P/S: 1.6 0.5	-15%	N/A
IN		Larsen and Toubro Ltd F:LTO	2.1	56%	0
IN		Larsen & Toubro Ltd NSE:LT	2.1	56%	0
FR		Vinci SA PAR:DG	0.8	13%	0.1
US		Quanta Services Inc NYSE:PWR	2.1	42%	0
CN	C	China State Construction Engineering Corp Ltd SSE:601668	0.1	12%	0
ES		Ferrovial SA MAD:FER	3.3	14%	0.2
NL		Ferrovial SE AEX:FER	3.3	14%	0.2
CA		WSP Global Inc TSX:WSP	2.1	6%	0.3
US		EMCOR Group Inc NYSE:EME	1.5	33%	0
CN		China Railway Group Ltd SSE:601390	0.1	6%	0

				Earnings Growth	P/E to Growth
ES		Fomento de Construcciones y Contratas SA MAD:FCC	Average P/E: 28.3 6.6	-13%	N/A
IN		Larsen and Toubro Ltd F:LTO	37.2	82%	0.5
IN		Larsen & Toubro Ltd NSE:LT	37	82%	0.5
FR		Vinci SA PAR:DG	12.2	20%	0.6
US		Quanta Services Inc NYSE:PWR	59	134%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	5	8%	0.6
ES		Ferrovial SA MAD:FER	39	64%	0.6
NL		Ferrovial SE AEX:FER	38.9	64%	0.6
CA		WSP Global Inc TSX:WSP	48.9	157%	0.3
US		EMCOR Group Inc NYSE:EME	23	79%	0.3
CN		China Railway Group Ltd SSE:601390	4.9	1%	7.2

				EBITDA Growth	EV/EBITDA to Growth
ES		Fomento de Construcciones y Contratas SA MAD:FCC	Average EV/EBITDA: 17.5 4.8	-3%	N/A
IN		Larsen and Toubro Ltd F:LTO	21.4	71%	0.3
IN		Larsen & Toubro Ltd NSE:LT	21.3	71%	0.3
FR		Vinci SA PAR:DG	6.2	19%	0.3
US		Quanta Services Inc NYSE:PWR	27	72%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	34%	0.2
ES		Ferrovial SA MAD:FER	31.1	68%	0.5
NL		Ferrovial SE AEX:FER	31.1	68%	0.5
CA		WSP Global Inc TSX:WSP	16.6	42%	0.4
US		EMCOR Group Inc NYSE:EME	14.8	60%	0.2
CN		China Railway Group Ltd SSE:601390	10.7	40%	0.3

				EBIT Growth	EV/EBIT to Growth
ES		Fomento de Construcciones y Contratas SA MAD:FCC	Average EV/EBIT: 24.3 8.4	-9%	N/A
IN		Larsen and Toubro Ltd F:LTO	25.5	79%	0.3
IN		Larsen & Toubro Ltd NSE:LT	25.3	79%	0.3
FR		Vinci SA PAR:DG	9.1	25%	0.4
US		Quanta Services Inc NYSE:PWR	42.9	84%	0.5
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	22%	0.3
ES		Ferrovial SA MAD:FER	47.9	106%	0.5
NL		Ferrovial SE AEX:FER	47.8	106%	0.5
CA		WSP Global Inc TSX:WSP	25.9	69%	0.4
US		EMCOR Group Inc NYSE:EME	16.3	56%	0.3
CN		China Railway Group Ltd SSE:601390	10.7	15%	0.7

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Fomento de Construcciones y Contratas SA
MAD:FCC

Relative Value

Valuation Multiples

Multiples Across Competitors

FCC Competitors Multiples
Fomento de Construcciones y Contratas SA Competitors

See Also

Company

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52 Week Range	8.82 15.2
Price Target

Fomento de Construcciones y Contratas SA MAD:FCC

Relative Value

Valuation Multiples

Multiples Across Competitors

FCC Competitors Multiples Fomento de Construcciones y Contratas SA Competitors

See Also

Company

Help

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Fomento de Construcciones y Contratas SA
MAD:FCC

FCC Competitors Multiples
Fomento de Construcciones y Contratas SA Competitors