ACS Actividades de Construccion y Servicios SA
SWB:OCI1

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ACS Actividades de Construccion y Servicios SA
SWB:OCI1
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Price: 112.3 EUR 7.26%
Market Cap: €16.3B

P/S

0.6
Current
203%
More Expensive
vs 3-y average of 0.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.6
=
Market Cap
€31.4B
/
Revenue
€49.8B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.6
=
Market Cap
€31.4B
/
Revenue
€49.8B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (0.2), the stock would be worth €37.03 (67% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-71%
Maximum Upside
+114%
Average Downside
13%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.6 €112.3
0%
3-Year Average 0.2 €37.03
-67%
5-Year Average 0.2 €32.9
-71%
Industry Average 0.5 €80.53
-28%
Country Average 1.4 €240.37
+114%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€31.4B
/
Jan 2026
€49.8B
=
0.6
Current
€31.4B
/
Dec 2026
€55.8B
=
0.6
Forward
€31.4B
/
Dec 2027
€60.8B
=
0.5
Forward
€31.4B
/
Dec 2028
€65B
=
0.5
Forward
€31.4B
/
Dec 2029
€67.4B
=
0.5
Forward
€31.4B
/
Dec 2030
€72.2B
=
0.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
ES
ACS Actividades de Construccion y Servicios SA
SWB:OCI1
31.9B EUR 0.6 33.7
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 1.5 19.9
US
Quanta Services Inc
NYSE:PWR
108.9B USD 3.8 106
FR
Vinci SA
PAR:DG
71.4B EUR 0.9 14.6
US
Comfort Systems USA Inc
NYSE:FIX
64.8B USD 6.4 52.9
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 2 34
IN
Larsen and Toubro Ltd
F:LTO
48.4B EUR 1.9 31.9
NL
Ferrovial SE
AEX:FER
42.2B EUR 4.4 47.5
ES
Ferrovial SA
MAD:FER
42.1B EUR 4.4 47.4
DE
Hochtief AG
XETRA:HOT
34.4B EUR 0.9 38.1
US
EMCOR Group Inc
NYSE:EME
39.7B USD 2.3 31.2

Market Distribution

Lower than 70% of companies in Spain
Percentile
30th
Based on 675 companies
30th percentile
0.6
Low
0.1 — 0.6
Typical Range
0.6 — 2.6
High
2.6 —
Distribution Statistics
Spain
Min 0.1
30th Percentile 0.6
Median 1.4
70th Percentile 2.6
Max 697.2

ACS Actividades de Construccion y Servicios SA
Glance View

Market Cap
16.3B 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.

OCI1 Intrinsic Value
93.58 EUR
Overvaluation 17%
Intrinsic Value
Price €112.3
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