Ferrovial SA (MAD:FER)

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Price: 40.06 EUR 0.55%

Market Cap: 28.6B EUR

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Section:

Relative Value

The Relative Value of one FER stock under the Base Case scenario is 33.02 EUR. Compared to the current market price of 40.06 EUR, Ferrovial SA is Overvalued by 18%.

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?

FER Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.3

P/S

vs History	1
vs Industry	12

Median 5Y

2.7

Industry

0.8

Forward

3.2

More Details

38.5

P/E

vs History	38
vs Industry	6

Median 5Y

16.9

Industry

15.3

Forward

More Details

24.8

P/OCF

vs History	22
vs Industry	12

Median 5Y

21.7

Industry

8.9

More Details

35.4

P/FCFE

vs History	9
vs Industry	13

Median 5Y

16.1

Industry

13.1

More Details

7.8

P/B

vs History	0
vs Industry	3

Median 5Y

5.1

Industry

1.2

More Details

4.2

EV/S

vs History	0
vs Industry	10

Median 5Y

3.3

Industry

Forward

More Details

4.7

EV/GP

vs History	47
vs Industry	22

Median 5Y

4.6

Industry

5.2

More Details

30.8

EV/EBITDA

vs History	88
vs Industry	7

Median 5Y

37.4

Industry

9.7

Forward

26.8

More Details

47.4

EV/EBIT

vs History	80
vs Industry	5

Median 5Y

63.4

Industry

12.4

Forward

More Details

31.3

EV/OCF

vs History	22
vs Industry	11

Median 5Y

26.6

Industry

10.1

More Details

EV/FCFF

vs History	22
vs Industry	13

Median 5Y

28.9

Industry

12.6

More Details

1.7

EV/IC

vs History	1
vs Industry	17

Median 5Y

1.3

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		Ferrovial SA MAD:FER	29.1B EUR	3.3	38.5	30.8	47.4
IN		Larsen and Toubro Ltd F:LTO	56.9B EUR	2.1	37.3	21.5	25.5
IN		Larsen & Toubro Ltd NSE:LT	5T INR	2.1	37	21.3	25.3
FR		Vinci SA PAR:DG	56.2B EUR	0.8	12.2	6.2	9.1
US		Quanta Services Inc NYSE:PWR	47.6B USD	2.1	58.7	26.9	42.7
CN	C	China State Construction Engineering Corp Ltd SSE:601668	249.7B CNY	0.1	5	7.4	7.4
NL		Ferrovial SE AEX:FER	29.2B EUR	3.3	38.6	30.9	47.5
CA		WSP Global Inc TSX:WSP	31.3B CAD	2.1	48.7	16.5	25.7
US		EMCOR Group Inc NYSE:EME	21.3B USD	1.5	22.9	14.7	16.3
CN		China Railway Group Ltd SSE:601390	140.8B CNY	0.1	4.9	10.7	10.7
CN		China Railway Construction Corp Ltd SSE:601186	126.6B CNY	0.1	6.4	9.6	9.6

				Revenue Growth	P/S to Growth
ES		Ferrovial SA MAD:FER	Average P/S: 1.6 3.3	14%	0.2
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
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
CN		China Railway Construction Corp Ltd SSE:601186	0.1	7%	0

				Earnings Growth	P/E to Growth
ES		Ferrovial SA MAD:FER	Average P/E: 28.2 38.5	64%	0.6
IN		Larsen and Toubro Ltd F:LTO	37.3	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	58.7	134%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	5	8%	0.6
NL		Ferrovial SE AEX:FER	38.6	64%	0.6
CA		WSP Global Inc TSX:WSP	48.7	157%	0.3
US		EMCOR Group Inc NYSE:EME	22.9	79%	0.3
CN		China Railway Group Ltd SSE:601390	4.9	1%	7.2
CN		China Railway Construction Corp Ltd SSE:601186	6.4	20%	0.3

				EBITDA Growth	EV/EBITDA to Growth
ES		Ferrovial SA MAD:FER	Average EV/EBITDA: 17.8 30.8	68%	0.5
IN		Larsen and Toubro Ltd F:LTO	21.5	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	26.9	72%	0.4
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	34%	0.2
NL		Ferrovial SE AEX:FER	30.9	68%	0.5
CA		WSP Global Inc TSX:WSP	16.5	42%	0.4
US		EMCOR Group Inc NYSE:EME	14.7	60%	0.2
CN		China Railway Group Ltd SSE:601390	10.7	40%	0.3
CN		China Railway Construction Corp Ltd SSE:601186	9.6	44%	0.2

				EBIT Growth	EV/EBIT to Growth
ES		Ferrovial SA MAD:FER	Average EV/EBIT: 24.3 47.4	106%	0.4
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	42.7	84%	0.5
CN	C	China State Construction Engineering Corp Ltd SSE:601668	7.4	22%	0.3
NL		Ferrovial SE AEX:FER	47.5	106%	0.4
CA		WSP Global Inc TSX:WSP	25.7	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
CN		China Railway Construction Corp Ltd SSE:601186	9.6	-2%	N/A

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Ferrovial SA
MAD:FER

Relative Value

Valuation Multiples

Multiples Across Competitors

FER Competitors Multiples
Ferrovial SA Competitors

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Company

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52 Week Range	32.71 41.04
Price Target

Ferrovial SA MAD:FER

Relative Value

Valuation Multiples

Multiples Across Competitors

FER Competitors Multiples Ferrovial SA Competitors

See Also

Company

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Ferrovial SA
MAD:FER

FER Competitors Multiples
Ferrovial SA Competitors