Ferrovial S.E.
FER
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+ FollowMarket Cap$36.38B
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Earnings Call Q4 2025
February 28, 2026 - AI Summary
Solid Financial Performance: Ferrovial reported revenue of EUR 9.6 billion for 2025, an 8.6% year-over-year increase, driven primarily by strong growth in highways and construction segments. Adjusted EBITDA rose 12.2% to EUR 1.5 billion, reflecting robust performance from Managed Lanes in the U.S. and a solid construction outlook.
Strength in North American Assets: The company's focus on North American infrastructure has yielded a record construction order book of EUR 17.4 billion, with nearly 50% derived from this market. Highways revenue grew 13.7% like-for-like, with notable growth in EBITDA from U.S. assets. The airport project at JFK (NTO) is progressing towards operational readiness, bolstering future revenue streams.
Challenges in Traffic Revenue: Although overall traffic numbers remain strong, fourth-quarter revenue per transaction grew only 6% due to seasonal factors and potential demand erosion from toll increases. There is concern about a continued impact from unfavorable conditions in 2026, particularly regarding heavy vehicle traffic and congestion.
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$46.99
6.4% downside
Current Fair Value
6.4% downsideOvervalued by 6.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $36.38 Billion |
|---|---|
| Enterprise Value | $45.25 Billion |
| Dividend Yield | $1.65 (2.49%) |
| Earnings per Share | $1.24 |
| Beta | 0.8 |
| Outstanding Shares | 720,626,181 |
Return
| Return on Equity | 17.47% |
|---|---|
| Return on Assets | 3.67% |
| Return on Invested Capital | 4.26% |
Valuation & Multiples
| P/E Ratio | 51.86 |
|---|---|
| PEG | 269.28 |
| Price to Sales | 3.86 |
| Price to Book Ratio | 5.02 |
| Enterprise Value to Revenue | 4.69 |
| Enterprise Value to EBIT | 49.31 |
| Enterprise Value to Net Income | 45 |
| Total Debt to Enterprise | 0.28 |
| Debt to Equity | 2.23 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 28, 2026
EPS Estimate
$0.25
Average shareholder expectationRevenue Estimate
$4.93 B
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$0.28
Average shareholder expectationRevenue Estimate
$3.06 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 97.98% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.02%▼ 33.64% |
|---|---|
| Total Invested | $6.17M▼ 99.96% |
| Investors Holding | 10▼ 339.00% |
ESG Score
No data
About Ferrovial S.E.
22,609 employees
CEO: Ignacio Madridejos Ferrovial NV engages in the design, financing, construction, operation, and maintenance of infrastructure projects. It operates through the following segments: Construction, Highways, Airports, Energy, and Other. The Construction segment...