Loading…
Spanish infrastructure group building and operating toll roads, water and other concessions plus engineering/construction.
Spanish infrastructure group building and operating toll roads, water and other concessions plus engineering/construction.
Collects tolls or fixed availability payments from governments under multi-decade concessions it builds, and also wins construction contracts in Spain, Chile, Colombia and elsewhere. It sells stakes in mature concessions to recycle capital into new ones.
In one line: A concessions-heavy Vinci/Ferrovial hybrid.
Moat: narrow (regulatory licence, scale, installed base). Long-dated concession contracts provide stable cash flow once won, but bidding is competitive.
Headquarters: Madrid, Spain · Founded: 1986 · Employees: 13,979
Size Sacyr (SCYR.MC) is a Spain Industrials company (Engineering & Construction) with a market value of $3.58B, the 35th largest of 97 Spain companies the cockpit tracks. Shares closed at €4.05 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -14.3% for the median peer and +8.2% for the Spain market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median +1.6%); the operating margin is 23.6% (peer median 8.3%).
Valuation It trades at 20.5× forward earnings against a peer median of 13.5× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points above its cost of capital (5.9% WACC).
Credit Sacyr has 1 bond outstanding ($562M) and trading like A- at a weighted spread of 95 bp.
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.02B | €4.66B | €4.57B | €4.61B | €4.98B |
| Revenue growth | — | +2% | -1% | -7% | — |
| Gross profit | €781M | €2.19B | €2.24B | €2.39B | €2.50B |
| EBITDA | €1.38B | €1.27B | €1.38B | €1.41B | €1.43B |
| Net income | €140M | €85.8M | €113M | €153M | €111M |
| Free cash flow | n/a | €503M | €331M | -€49.9M | -€342M |
| Capital expenditure | n/a | €255M | €333M | €223M | €584M |
| Total debt | €9.56B | €8.58B | €8.74B | €8.34B | €9.49B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sacyr SCYR.MC | $3.58B | -14% | +6% | 24% | 20.5× | -5.4% |
| Ferrovial FER.MC | $42.3B | -10% | +5% | 10% | 55.5× | 21.9% |
| ACS, Actividades de Construccion y Servicios ACS.MC | $26.0B | -37% | +10% | 3% | 20.6× | -2.6% |
| Vinci DG.PA | $69.8B | -12% | +4% | 12% | 12.2× | -1.5% |
| Fomento de Construcciones y Contratas FCC.MC | $5.53B | -10% | +10% | 7% | 15.1× | 2.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SCYR.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.3% | -3.7% | 8th highest of 21 |
| 6-month return | -13.6% | -14.3% | 10th highest of 21 |
| Distance from 52-week high | -18.3% | -30.0% | 8th highest of 21 |
| Revenue growth (TTM) | +6.4% | +1.6% | 9th highest of 21 |
| Operating margin | 23.6% | 8.3% | 4th highest of 21 |
| Forward P/E | 20.5× | 13.5× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.4% | 5.0% | 3rd least demanding of 19 |
| Growth delivered (Del g) | +0.5% | +11.5% | 3rd lowest of 19 |
| Hurdle (Req g minus delivered) | -5.9 pp | -2.1 pp | 9th least demanding of 19 |
| ROIC minus cost of capital | +2.4 pp | +2.5 pp | 10th highest of 19 |
| EV / EBITDA | 8.3× | 9.7× | 5th cheapest of 13 |
| Net debt / EBITDA | 5.1× | 0.4× | 2nd most indebted of 15 |
| Bond spread | 95 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sacyr SCYR.MC | Spain | $3.58B | -14% | +6% | 24% | 20.5× | -5.4% | +0.5% |
| Comsys 1721.T | Japan | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% | +2.3% |
| Primoris Services PRIM | United States | $3.52B | -38% | -5% | 3% | 13.7× | 22.8% | +16.8% |
| China Southern Power Grid Technology 688248.SS | China | $3.71B | -20% | +28% | 12% | 47.6× | 25.8% | +27.0% |
| Alten ATE.PA | France | $3.43B | +43% | 0% | 8% | 11.4× | 3.5% | +11.9% |
| Worley WOR.AX | Australia | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% | +2.3% |
| L&K Engineering 6139.TW | Taiwan | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% | +41.0% |
| Koninklijke BAM Groep BAMNB.AS | Netherlands | $3.85B | +37% | +7% | 3% | 11.5× | -5.2% | +0.8% |
| Guangdong Hongda 002683.SZ | China | $3.86B | -7% | +15% | 10% | 23.7× | 4.9% | +26.1% |
| Argan AGX | United States | $3.89B | -59% | +29% | 15% | 20.5× | 0.3% | +19.2% |
| China Everbright Environment 0257.HK | Hong Kong | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% | -8.5% |
| Everus Construction ECG | United States | $3.91B | -53% | +33% | 8% | 12.2× | 13.9% | +11.5% |
| Ventia Services VNT.AX | Australia | $3.24B | -2% | -1% | 7% | 16.1× | -1.4% | +13.7% |
| Wuxi Taiji Industry 600667.SS | China | $3.98B | +32% | -14% | 3% | 21.9× | 13.0% | +11.5% |
| Exponent EXPO | United States | $3.99B | +37% | +15% | 21% | 32.6× | 10.8% | +7.8% |
| Downer EDI DOW.AX | Australia | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% | -3.4% |
| Zhejiang Weiming Environment Protection 603568.SS | China | $4.01B | -27% | -25% | 36% | 11.0× | 6.4% | +15.0% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |
| China Communications Services 0552.HK | Hong Kong | $3.19B | -19% | 0% | 2% | 5.7× | n/a | n/a |
| Sinoma International Engineering 600970.SS | China | $3.15B | -14% | +3% | 5% | 9.2× | -8.3% | +10.3% |
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
Sacyr has 1 bond outstanding with $562M face value. Weighted yield 4.15%, a spread of 95 bp over government bonds.