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Fomento de Construcciones y Contratas SA
MAD:FCC

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Fomento de Construcciones y Contratas SA
MAD:FCC
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Price: 11.14 EUR 1.27% Market Closed
Market Cap: €5.3B

P/FCFE

9.5
Current
11%
More Expensive
vs 3-y average of 8.6

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
9.5
=
Market Cap
€5B
/
Free Cash Flow to Equity
€551.9m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
9.5
=
Market Cap
€5B
/
Free Cash Flow to Equity
€551.9m

Valuation Scenarios

Fomento de Construcciones y Contratas SA is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (8.6), the stock would be worth €10.04 (10% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-14%
Maximum Upside
+64%
Average Upside
8%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 9.5 €11.14
0%
3-Year Average 8.6 €10.04
-10%
5-Year Average 8.9 €10.38
-7%
Industry Average 8.2 €9.6
-14%
Country Average 15.6 €18.22
+64%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
ES
Fomento de Construcciones y Contratas SA
MAD:FCC
5.3B EUR 9.5 32.1
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 35.3 19.9
US
Quanta Services Inc
NYSE:PWR
108.9B USD 35.8 107.7
FR
Vinci SA
PAR:DG
71.4B EUR 9.6 14.6
US
Comfort Systems USA Inc
NYSE:FIX
64.8B USD 49 53.6
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 52.7 33.9
IN
Larsen and Toubro Ltd
F:LTO
48.4B EUR 49.5 31.9
NL
Ferrovial SE
AEX:FER
42.2B EUR 34.4 47.5
ES
Ferrovial SA
MAD:FER
42.1B EUR 34.3 47.4
DE
Hochtief AG
XETRA:HOT
34.4B EUR 20.4 38.1
US
EMCOR Group Inc
NYSE:EME
39.7B USD 34 31.5

Market Distribution

Lower than 76% of companies in Spain
Percentile
24th
Based on 497 companies
24th percentile
9.5
Low
1.4 — 10.4
Typical Range
10.4 — 26.3
High
26.3 —
Distribution Statistics
Spain
Min 1.4
30th Percentile 10.4
Median 15.6
70th Percentile 26.3
Max 531.1

Fomento de Construcciones y Contratas SA
Glance View

Market Cap
5.3B EUR
Industry
Construction

Fomento de Construcciones y Contratas, SA, known as FCC, operates at the confluence of sustainability and urban development, establishing itself as a pivotal player in the infrastructure sector. Originating in Spain, this conglomerate has woven a vast tapestry of services ranging from environmental management to comprehensive infrastructures. At its core, FCC thrives on its adaptability and commitment to sustainable practices. Whether it’s efficiently managing waste, through innovative recycling and energy recovery processes, or maintaining water infrastructures, the company has seamlessly entwined operational excellence with ecological responsibility. This strategic blend allows FCC not only to cater to municipal needs but also to anticipate the ever-evolving global standards for sustainability. Pioneering initiatives extend further into the realm of construction and urban services, where FCC has cultivated a robust portfolio encompassing civil engineering projects and the development of iconic architectural landmarks. The conglomerate transforms urban landscapes with projects that enhance connectivity and urban livability—be it through roadways, bridges, or public transport systems. Complementing its infrastructure prowess, FCC fosters urban ecosystems with facility management and integrated maintenance services that solidify its income stream across various cycles of urban development. The company’s ability to integrate a diverse range of services underpins its financial stability, as it combines predictable revenue from long-term contracts with opportunities in growing areas of environmental responsibility. Through this multifaceted approach, FCC not only sustains urban growth but also aligns with a vision for a resilient future.

FCC Intrinsic Value
15.38 EUR
Undervaluation 28%
Intrinsic Value
Price €11.14
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