ACS Actividades de Construccion y Servicios SA
MAD:ACS

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ACS Actividades de Construccion y Servicios SA Logo
ACS Actividades de Construccion y Servicios SA
MAD:ACS
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Price: 122.6 EUR 2.68% Market Closed
Market Cap: €33.3B

EV/IC

1.3
Current
138%
More Expensive
vs 3-y average of 0.5

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
€42.1B
/
Invested Capital
€34.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
€42.1B
/
Invested Capital
€34.1B

Valuation Scenarios

ACS Actividades de Construccion y Servicios SA is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.5), the stock would be worth €51.57 (58% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-64%
Maximum Upside
No Upside Scenarios
Average Downside
48%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.3 €122.6
0%
3-Year Average 0.5 €51.57
-58%
5-Year Average 0.5 €44.16
-64%
Industry Average 0.8 €73.32
-40%
Country Average 0.9 €86.15
-30%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
31.9B EUR 1.3 33.7
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 2.5 19.9
US
Quanta Services Inc
NYSE:PWR
111B USD 5.4 108.1
FR
Vinci SA
PAR:DG
71.4B EUR 0.9 14.6
US
Comfort Systems USA Inc
NYSE:FIX
65.7B USD 12.5 53.7
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 2.2 33.9
IN
Larsen and Toubro Ltd
F:LTO
48.4B EUR 2.1 31.9
NL
Ferrovial SE
AEX:FER
42.2B EUR 2.3 47.5
ES
Ferrovial SA
MAD:FER
42.1B EUR 2.3 47.4
DE
Hochtief AG
XETRA:HOT
34.4B EUR 6 38.1
US
EMCOR Group Inc
NYSE:EME
40.2B USD 5.6 31.6

Market Distribution

In line with most companies in Spain
Percentile
70th
Based on 671 companies
70th percentile
1.3
Low
0 — 0.7
Typical Range
0.7 — 1.3
High
1.3 —
Distribution Statistics
Spain
Min 0
30th Percentile 0.7
Median 0.9
70th Percentile 1.3
Max 31.5

ACS Actividades de Construccion y Servicios SA
Glance View

Market Cap
33.3B EUR
Industry
Construction

ACS Actividades de Construcción y Servicios SA, often referred to simply as ACS, is a global behemoth in the world of infrastructure and construction services. Founded in Spain, this company has built an expansive empire that spans continents, engaging in numerous building and civil engineering projects. At its core, ACS operates through a diversified portfolio, with a significant emphasis on infrastructure development. The company expertly mixes traditional construction with specialized services in engineering and industrial operations, ensuring a steady stream of projects and contracts across the globe. With a methodical and strategic approach, it has positioned itself to capture both large-scale public works projects such as highways, bridges, and airports, as well as private sector contracts in energy and telecommunications. This diversity not only strengthens its revenue streams but also provides a buffer against the cyclicity of the construction industry. The revenue model of ACS is multi-layered and sophisticated, leveraging its subsidiaries and strategic joint ventures. Concessions, where ACS invests in the construction and then operation of infrastructure, provide a dependable long-term cash flow. Beyond construction, ACS has embraced the energy sector through interests in renewable energy projects, recognizing the global pivot towards sustainable solutions. This foresight into emerging trends allows ACS to tap into markets with lucrative growth potential. Furthermore, its industrial services arm provides a broad array of services, from energy transmission to facility management, adding another dimension to its earning capabilities. This comprehensive approach, combining construction prowess with strategic ventures and services, underlines ACS's ability to generate substantial revenues while navigating the complexities of the modern global market.

ACS Intrinsic Value
88.49 EUR
Overvaluation 28%
Intrinsic Value
Price €122.6
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