Company Valuation: Sacyr, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,187 1,402 1,658 2,021 2,464 3,521 3,521 -
Change - 18.1% 18.22% 21.89% 21.93% 42.89% 0% -
Enterprise Value (EV) 1 6,400 7,251 1,658 8,429 9,355 10,798 11,269 11,511
Change - 13.3% -77.14% 408.4% 10.99% 15.43% 4.36% 2.15%
P/E ratio 28.9x -7.37x 15.3x 14.2x 21.2x 26.6x 20.1x 17.7x
PBR 2.09x 3.42x - 2.68x 2.47x 3.21x 3.08x 2.9x
PEG - 0x -0x 0.5x -0.7x 2.6x 0.6x 1.3x
Capitalization / Revenue 0.26x 0.3x 0.28x 0.44x 0.54x 0.75x 0.73x 0.71x
EV / Revenue 1.41x 1.55x 0.28x 1.83x 2.05x 2.29x 2.35x 2.32x
EV / EBITDA 8.84x 7.86x 1.1x 5.53x 6.92x 7.79x 8.01x 7.86x
EV / EBIT 13.7x 9.44x 1.27x 6.74x 7.52x 9.24x 9.3x 9.08x
EV / FCF -15.3x -21.2x - 13.5x 25.2x -21.2x -16.3x -18.3x
FCF Yield -6.54% -4.71% - 7.41% 3.96% -4.71% -6.14% -5.46%
Dividend per Share 2 0.068 0.103 - 0.136 0.141 0.1116 0.1261 0.1445
Rate of return 3.37% 4.51% - 4.35% 4.43% 2.54% 2.87% 3.28%
EPS 2 0.07 -0.31 0.17 0.22 0.15 0.1653 0.2187 0.2486
Distribution rate 97.1% -33.2% - 61.8% 94% 67.5% 57.6% 58.1%
Net sales 1 4,548 4,675 5,852 4,609 4,571 4,716 4,794 4,968
EBITDA 1 723.6 922.9 1,502 1,523 1,352 1,386 1,406 1,465
EBIT 1 467.1 768.2 1,303 1,251 1,245 1,169 1,211 1,268
Net income 1 35.7 -189.2 110.5 153.2 113.4 131.2 175.8 199.1
Net Debt 1 5,212 5,848 - 6,408 6,891 7,277 7,748 7,990
Reference price 2 2.020 2.286 2.600 3.126 3.182 4.400 4.400 4.400
Nbr of stocks (in thousands) 587,862 613,491 637,657 646,431 774,315 800,119 800,119 -
Announcement Date 2/26/21 2/25/22 2/24/23 2/29/24 2/27/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.59x2.29x7.79x2.54% 4.17B
14.61x1.2x6.53x3.95% 88.11B
76.35x2.9x28.75x0.08% 76.93B
32.08x2.31x22.05x0.97% 63.54B
51.08x5.42x35.93x1.29% 53.04B
49.49x5.13x33.71x0.15% 45.75B
31.06x2.01x19.41x0.13% 35.05B
32.84x0.74x12.87x1.77% 32.73B
4.42x0.27x5.05x5.41% 30.18B
29.92x0.53x8.56x2.22% 29.69B
Average 34.84x 2.28x 18.06x 1.85% 45.92B
Weighted average by Cap. 38.04x 2.45x 19.98x 1.73%

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