Ferrovial SE (FER) AI Stock Analysis

Ferrovial SE, headquartered in Amsterdam, the Netherlands, plans, constructs, finances, operates, and maintains transport infrastructure and urban services. Established in 1952, the company operates across four main segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. It develops public and private infrastructure, operates toll roads, and manages airports across global markets. Additionally, Ferrovial invests in power transmission lines and renewable energy plants, while offering mobility solutions and waste management services, including operations in the Chilean mining industry. The company maintains an international workforce of 22,359 employees.

Ferrovial grew annual revenue from $6.91B in FY2021 to $9.63B in FY2025, recording a 5-year revenue CAGR of 8.1% from FY2020 to FY2025. Annual top-line growth moderated from 12.8% in FY2023 to 7.4% in FY2024 and 5.2% in FY2025. Operating margin expanded from 4.9% in FY2021 to 10.0% in FY2025. Net income was $3.24B in FY2024 before normalizing to $888.0M in FY2025, yielding a net margin of 9.2%. Over the trailing twelve months, revenue reached $9.86B with an operating margin of 10.4% and diluted EPS of $1.82. In the quarter ended June 30, 2026, quarterly revenue grew 5.2% year-over-year, while quarterly earnings declined 52.0%.

As of June 30, 2026, Ferrovial held $3.86B in cash and short-term investments against total debt of $10.66B, resulting in net debt of $6.79B. Shareholders' equity was $5.72B and total assets were $27.22B, reflecting a debt-to-equity ratio of 1.86 and a current ratio of 1.20. In FY2025, the business generated $1.61B in operating cash flow and $1.43B in free cash flow. Capital allocation in FY2025 included capital expenditures of $187.0M, share buybacks of $501.0M, and dividends paid of $156.0M.

With a market capitalization of $35.56B and enterprise value of $47.60B, FER trades at a trailing price-to-earnings ratio of 27.1x, below the median of its Nasdaq-100 Industrials peers of 32.4x. Its forward P/E of 42.7x trades at a premium to the peer median of 22.2x. The company's price-to-sales multiple of 3.6x and EV-to-EBITDA of 19.9x compare to peer medians of 6.3x and 20.3x, respectively. Over the past year, FER generated a return of -20.1%, trailing the SPY benchmark return of 16.8%, but its 5-year return of 88.5% outpaced SPY's return of 83.0%.

Ferrovial has paid dividends for 10 consecutive years, delivering a 5-year annualized dividend growth rate of 11.9%. The forward annual dividend is $1.29 per share, representing a dividend yield of 2.60% and a payout ratio of 71.2%. The last ex-dividend date was May 19, 2026.

Wall Street coverage consists of 1 Strong Buy, 0 Buy, and 2 Hold ratings. The mean price target is $73.89, representing an upside of 49.5% relative to the last close of $49.41. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $10.12B and EPS of $1.05, representing EPS growth of 11.2%. For the following fiscal year, 2 analysts project revenue of $10.61B and EPS of $1.18.

This page is an AI-written research summary of Ferrovial SE (FER). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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