ACS Stock Analysis: ACS Actividades de | MC
Engineering & Construction | MC, Spain | Market Cap: 25.027m EUR | 12M Return: 45.4% | ES0167050915 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 49.8M
Qual. Beats: 1
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ACS, Actividades de Construcción y Servicios, S.A., is a Spain-based global construction and infrastructure services company founded in 1942 and headquartered in Madrid. It operates across Spain, the United States, Australia, Canada, Germany, the rest of Europe, and other international markets through five reporting segments: Turner, CIMIC, Engineering and Construction, Infrastructure, and Other. The company is structured as a diversified holding, with each segment functioning as a specialized business unit addressing different verticals of the construction and engineering value chain.
The Turner segment focuses on high-tech growth markets such as data centers and battery plants, primarily in North America, reflecting the broader industry trend of specialized contractors capitalizing on digital infrastructure and energy storage demand. The CIMIC segment combines construction, services, and public-private partnership (PPP) solutions alongside mining services through Thiess, while the Engineering and Construction segment consolidates Dragados European and North American activities with Hochtiefs European construction and PPP operations. ACS also holds a 50% equity interest in Abertis Infraestructuras, a major toll road concessions operator, through its Infrastructure segment, which together with renewable energy, digital infrastructure, and concessions activities illustrates the asset-heavy business model common in the construction and engineering sector, where long-term concessions and PPPs provide recurring revenue alongside traditional project-based construction work.
- Turner data center backlog surges on AI infrastructure demand
- CIMIC Thiess mining services revenue tracks commodity cycle volatility
- Abertis toll road concessions deliver inflation-linked cash distributions
| Net Income: 1.01b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.04 > 1.0 |
| NWC/Revenue: 12.87% < 20% (prev 7.27%; Δ 5.60% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.97b > Net Income 1.01b |
| Net Debt (1.46b) to EBITDA (3.23b): 0.45 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.7m) vs 12m ago 2.36% < -2% |
| Gross Margin: 12.87% > 18% (prev 39.81%; Δ -26.94% > 0.5%) |
| Asset Turnover: 113.9% > 50% (prev 113.8%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 2.54 > 6 (EBIT TTM 2.26b / Interest Expense TTM 888.1m) |
| A: 0.13 (Total Current Assets 33.4b - Total Current Liabilities 26.8b) / Total Assets 49.9b |
| B: 0.01 (Retained Earnings 510.0m / Total Assets 49.9b) |
| C: 0.05 (EBIT TTM 2.26b / Avg Total Assets 45.6b) |
| D: 0.14 (Book Value of Equity 6.04b / Total Liabilities 43.5b) |
| Altman-Z'' = 1.39 = BB |
| DSRI: 1.04 (Receivables 14.3b/12.4b, Revenue 51.9b/47.0b) |
| GMI: 3.09 (GM 39.81% / 12.87%) |
| AQI: 0.96 (AQ_t 0.28 / AQ_t-1 0.29) |
| SGI: 1.10 (Revenue 51.9b / 47.0b) |
| TATA: -0.04 (NI 1.01b - CFO 2.97b) / TA 49.9b) |
| Beneish M = -1.05 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at EUR 93.60 with a total of 276,301 shares traded. Over the past week, the price has changed by +0.21%, over one month by -10.26%, over three months by -26.42% and over the past year by +45.39%.
Current recommended Stop Loss: 89.10 (which is 4.8% or 1.5 ATR below the current price).
ACS Actividades de has no consensus analysts rating.
P/E Trailing = 25.1837
P/E Forward = 31.5457
P/S = 0.4821
P/B = 4.1098
P/EG = 1.0845
Revenue TTM = 51.9b EUR
EBIT TTM = 2.26b EUR
EBITDA TTM = 3.23b EUR
Long Term Debt = 13.1b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.55b EUR (from shortTermDebt, last quarter)
Debt = 17.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.00b
Net Debt = 1.46b EUR (calculated: Debt 17.3b - CCE 15.8b)
Enterprise Value = 26.5b EUR (25.0b + Debt 17.3b - CCE 15.8b)
Interest Coverage Ratio = 2.54 (Ebit TTM 2.26b / Interest Expense TTM 888.1m)
EV/FCF = 10.64x (Enterprise Value 26.5b / FCF TTM 2.49b)
FCF Yield = 9.40% (FCF TTM 2.49b / Enterprise Value 26.5b)
FCF Margin = 4.79% (FCF TTM 2.49b / Revenue TTM 51.9b)
Net Margin = 1.95% (Net Income TTM 1.01b / Revenue TTM 51.9b)
Gross Margin = 12.87% ((Revenue TTM 51.9b - Cost of Revenue TTM 45.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.53 (Enterprise Value 26.5b / Total Assets 49.9b)
Interest Expense / Debt = 5.14% (Interest Expense 888.1m / Debt 17.3b)
Taxrate = 25.07% (566.3m / 2.26b)
NOPAT = 1.69b (EBIT 2.26b * (1 - 25.07%))
Current Ratio = 1.25 (Total Current Assets 33.4b / Total Current Liabilities 26.8b)
Debt / Equity = 2.86 (Debt 17.3b / totalStockholderEquity, last quarter 6.04b)
Debt / EBITDA = 0.45 (Net Debt 1.46b / EBITDA 3.23b)
Debt / FCF = 0.59 (Net Debt 1.46b / FCF TTM 2.49b)
Total Stockholder Equity = 5.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.22% (Net Income 1.01b / Total Assets 49.9b)
RoE = 19.75% (Net Income TTM 1.01b / Total Stockholder Equity 5.12b)
RoCE = 12.43% (EBIT 2.26b / Capital Employed (Equity 5.12b + L.T.Debt 13.1b))
RoIC = 7.34% (NOPAT 1.69b / Invested Capital 23.1b)
WACC = 7.03% (E(25.0b)/V(42.3b) * Re(9.23%) + D(17.3b)/V(42.3b) * Rd(5.14%) * (1-Tc(0.25)))
Discount Rate = 9.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.56 | Cagr: 2.28%
[DCF] Terminal Value 77.97% ; FCFF base≈2.15b ; Y1≈2.46b ; Y5≈3.62b
[DCF] Fair Price = 203.3 (EV 54.5b - Net Debt 1.46b = Equity 53.0b / Shares 260.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.25 | # QB: 1
Revenue Correlation: 98.06 | Revenue CAGR: 20.17% | SUE: 0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=4.22 | Chg30d=+0.65% | Revisions=+0% | GrowthEPS=+26.6% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=4.91 | Chg30d=-0.41% | Revisions=+0% | GrowthEPS=+16.6% | GrowthRev=+10.1%
[Analyst] Revisions Ratio: +0% (up=2, down=2)