Company Valuation: ACS, Actividades de Construcción y Servicios, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,636 6,894 10,574 12,333 21,684 30,231 - -
Change - 3.9% 53.37% 16.64% 75.83% 39.41% - -
Enterprise Value (EV) 1 4,627 6,670 10,174 13,035 21,667 28,947 28,732 27,866
Change - 44.17% 52.52% 28.12% 66.23% 33.59% -0.74% -3.01%
P/E 2.19x 10.7x 13.4x 15x 23x 25.6x 21.9x 19x
PBR 1.03x 1.25x 1.96x 2.32x 4.58x 5.02x 4.67x 4.11x
PEG - -0.1x 0.7x 1.96x 1.6x 1.7x 1.3x 1.2x
Capitalization / Revenue 0.24x 0.21x 0.3x 0.3x 0.44x 0.54x 0.49x 0.46x
EV / Revenue 0.17x 0.2x 0.28x 0.31x 0.43x 0.52x 0.47x 0.42x
EV / EBITDA 2.9x 3.82x 5.33x 5.31x 7.06x 8.24x 7.45x 6.66x
EV / EBIT 4.27x 6.03x 7.67x 8.2x 10.3x 11.8x 10.3x 9.06x
EV / FCF -25.3x 7.23x 10.1x 6.11x 9.41x 15.6x 13.1x 11.9x
FCF Yield -3.96% 13.8% 9.9% 16.4% 10.6% 6.4% 7.63% 8.4%
Dividend per Share 2 2 2 1.96 - 2.01 2.515 2.855 3.166
Rate of return 8.49% 7.47% 4.88% - 2.37% 2.31% 2.62% 2.9%
EPS 2 10.74 2.5 3 3.23 3.69 4.258 4.976 5.751
Distribution rate 18.6% 80% 65.3% - 54.5% 59.1% 57.4% 55%
Net sales 1 27,837 33,615 35,738 41,633 49,848 55,605 61,362 66,417
EBITDA 1 1,598 1,747 1,909 2,456 3,070 3,514 3,858 4,182
EBIT 1 1,084 1,106 1,326 1,590 2,100 2,460 2,777 3,075
Net income 1 3,045 668.2 780 828 950.3 1,117 1,314 1,509
Net Debt 1 -2,009 -224 -400 702 -17 -1,285 -1,500 -2,365
Reference price 2 23.57 26.77 40.16 48.44 84.85 109.10 109.10 109.10
Nbr of stocks (in thousands) 281,531 257,535 263,286 254,594 255,562 277,098 - -
Announcement Date 2/24/22 2/27/23 2/29/24 2/27/25 2/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.62x0.52x8.24x2.31% 34.92B
57.68x2.63x25.16x0.07% 99.36B
13.7x1.15x6.29x4.27% 79.69B
34.56x4.35x23.61x0.2% 58.85B
26.98x2.08x20.46x1.11% 58.68B
57.18x4.64x29.34x1.54% 47.33B
31.24x0.76x12.69x1.98% 38.94B
24.71x1.69x15.59x0.19% 35.7B
4.45x0.29x5.48x6.28% 27.8B
15.06x0.41x4.53x4.42% 21.5B
Average 29.12x 1.85x 15.14x 2.24% 50.28B
Weighted average by Cap. 32.99x 2.14x 17.04x 1.85%

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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