Ferrovial (FER) Stock Overview
Engages in the development, construction, and operation of highways and airports in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
FER Community Fair Values
Create NarrativeSee what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Ferrovial N.V. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €60.32 |
| 52 Week High | €63.54 |
| 52 Week Low | €43.31 |
| Beta | 0.80 |
| 1 Month Change | 4.32% |
| 3 Month Change | 12.87% |
| 1 Year Change | 38.48% |
| 3 Year Change | 111.28% |
| 5 Year Change | 135.72% |
| Change since IPO | 789.53% |
Recent News & Updates
Narrative Update • Jun 17
FER: High Asset Quality And US Contracts Will Support Balanced Outlook
Analysts have slightly increased their fair value estimate for Ferrovial, with the price target moving to about €61. This reflects fine-tuning of discount rate and margin assumptions following recent research that cites solid asset quality but more limited upside at current share levels.Narrative Update • Jun 03
FER: High Asset Quality And Toll Pricing Power Will Shape Balanced Outlook
Narrative Update Ferrovial's analyst fair value estimate has been adjusted from €59.83 to €60.95, as analysts weigh recent downgrades that highlight solid asset quality but limited perceived upside on the current asset base at recent share levels. Analyst Commentary Recent research updates on Ferrovial converge around strong asset quality and a fuller valuation at current share levels, with target prices in the $70 to $70.93 range and rating shifts toward more neutral stances.Narrative Update • Apr 25
FER: Toll Pricing Power And U.S. Inflation Pass Through Will Shape Balanced Outlook
Ferrovial's analyst price target edges higher to €70.93, with analysts citing limited upside after the recent rally but still pointing to potential benefits from 407 ETR pricing and U.S. Managed Lanes inflation pass-through, while unawarded summer project wins are kept outside current valuations. Analyst Commentary Bullish Takeaways Bullish analysts see room for earnings support from potential price increases at the 407 ETR highway, which could help underpin cash flow and justify valuations closer to the current price targets.Recent updates
Narrative Update • Jun 17
FER: High Asset Quality And US Contracts Will Support Balanced Outlook
Analysts have slightly increased their fair value estimate for Ferrovial, with the price target moving to about €61. This reflects fine-tuning of discount rate and margin assumptions following recent research that cites solid asset quality but more limited upside at current share levels.Narrative Update • Jun 03
FER: High Asset Quality And Toll Pricing Power Will Shape Balanced Outlook
Narrative Update Ferrovial's analyst fair value estimate has been adjusted from €59.83 to €60.95, as analysts weigh recent downgrades that highlight solid asset quality but limited perceived upside on the current asset base at recent share levels. Analyst Commentary Recent research updates on Ferrovial converge around strong asset quality and a fuller valuation at current share levels, with target prices in the $70 to $70.93 range and rating shifts toward more neutral stances.Narrative Update • Apr 25
FER: Toll Pricing Power And U.S. Inflation Pass Through Will Shape Balanced Outlook
Ferrovial's analyst price target edges higher to €70.93, with analysts citing limited upside after the recent rally but still pointing to potential benefits from 407 ETR pricing and U.S. Managed Lanes inflation pass-through, while unawarded summer project wins are kept outside current valuations. Analyst Commentary Bullish Takeaways Bullish analysts see room for earnings support from potential price increases at the 407 ETR highway, which could help underpin cash flow and justify valuations closer to the current price targets.Narrative Update • Apr 09
FER: Toll Pricing Power And Managed Lanes Will Frame Balanced Risk Outlook
Ferrovial's analyst price target has been adjusted to €59.88, a level supported by analysts who point to updated discount rate and growth assumptions, an ongoing debate between more cautious views on near term upside after the recent rally, and constructive opinions around toll road pricing and U.S. managed lanes exposure. Analyst Commentary Recent research covers a spectrum of views on Ferrovial, with some analysts focusing on upside potential from core assets and others highlighting more limited room for further re-rating after the recent share price move.Narrative Update • Mar 25
FER: Toll Pricing Power And New Assets Will Shape Future Risk Balance
Narrative Update Ferrovial's updated analyst price target edges slightly lower as analysts factor in a modestly softer growth outlook and higher discount rate. At the same time, recent target moves to around €70 highlight support from toll road pricing power and potential upside from new assets that is not yet fully reflected in valuations.Narrative Update • Mar 10
FER: Toll Pricing And Buybacks Will Shape Future Risk Reward Balance
The analyst price target for Ferrovial has inched higher to about €60.06 from €59.90, as analysts factor in slightly higher assumed revenue growth, a modestly lower discount rate, and support from recent bullish coverage that highlights potential benefits from toll price initiatives and U.S. managed lanes exposure, even as some see limited further re rating after the recent share rally. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price targets of around €70 as a signal that they see room for value creation if Ferrovial executes on its current concessions and pipeline.Narrative Update • Feb 24
FER: 407 ETR Pricing And Buybacks Will Guide Future Risk Reward Balance
Ferrovial's analyst fair value estimate has shifted slightly higher to €59.90 from €58.39, reflecting updated assumptions on revenue growth, discount rate and future P/E, along with recent Street price targets of €70 that cite expectations around 407 ETR pricing and the U.S. Managed Lanes business. Analyst Commentary Bullish analysts have been lifting their price targets on Ferrovial to €70, pointing to specific assets and earnings drivers rather than broad market themes.Analysis Article • Feb 09
Does Ferrovial (BME:FER) Deserve A Spot On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Feb 08
FER: Rising Morgan Stanley Outlook And Buybacks Will Shape Future Returns
Ferrovial's analyst fair value estimate has edged up from €56.98 to €58.39, as analysts factor in updated assumptions on revenue growth, margins and future P/E multiples, alongside a series of recent price target increases from €56 to €64 and then to €70. Analyst Commentary Bullish Takeaways Bullish analysts are lifting their price targets in stages, from €56 to €64 and now to €70.Narrative Update • Jan 24
FER: Higher Morgan Stanley Outlook And Index Inclusion Will Shape Future Returns
Analysts have nudged their price expectations for Ferrovial higher, with the fair value estimate edging up from about €56.52 to €56.98. This move is supported by recent street research in which Morgan Stanley raised its price target in stages from €56 to €64 and then to €70.Narrative Update • Jan 09
FER: Raised Price Outlook And Index Addition Will Shape Future Balanced Returns
Analysts have lifted their fair value estimate for Ferrovial to €56.52 from €55.77, along with a higher Street price target to €64 from €56, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Analysts updating their models on Ferrovial are focusing on how the revised fair value and the higher Street price target line up with their expectations for returns, risk and execution quality.Analysis Article • Dec 29
Ferrovial (BME:FER) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 24
FER: Index Addition And Stock Split Will Support Future Balanced Returns
Analysts have nudged their fair value estimate for Ferrovial higher to €55.77 from €53.86, citing expectations of slightly improved profit margins and a modestly higher future earnings multiple that more than offset softer projected revenue growth. What's in the News Ferrovial SE has been added to the NASDAQ-100 Index, increasing its visibility among global institutional investors (Key Developments).Narrative Update • Dec 09
FER: Margin Gains And Stock Split Will Support Balanced Returns
Narrative Update on Ferrovial Analysts have modestly lifted their price target on Ferrovial, citing improving profit margins and a slightly lower future P E multiple. Their fair value estimate has moved from approximately EUR 53.18 to EUR 53.86 following recent target increases on the Street, including a move to EUR 52.50.Narrative Update • Nov 25
FER: Improved Margins And Stable Outlook Will Support Earnings Into 2025
Ferrovial's analyst price target has been increased slightly, rising from €52.99 to €53.18. Analysts cite improvements in profit margin and a continued positive outlook from recent research updates.Narrative Update • Nov 09
FER: Improved Profit Margins And Solar Projects Will Support Earnings Outlook
Ferrovial's analyst price target has been raised from approximately €50.21 to €52.99. Analysts cite improved profit margins and updated research reports supporting a modest valuation increase.Narrative Update • Oct 26
Revenue Expansion And Margin Pressure Will Shape Future Sector Fortunes
Ferrovial's updated analyst price target has increased slightly to €50.21. This change reflects analysts' optimism following recent target hikes based on improved revenue growth expectations, despite minor adjustments to discount and profit margin estimates.Analysis Article • Oct 16
Ferrovial's (BME:FER) Returns On Capital Are Heading Higher
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Narrative Update • Oct 12
North American Tolls Will Crumble As Regulatory Pressures Intensify
Ferrovial’s analyst price target has increased modestly from €48.54 to €49.58, as analysts cite improving revenue growth forecasts and incremental gains in profit margins. These factors support a slightly more favorable outlook for the company.Narrative Update • Sep 28
North American Tolls Will Crumble As Regulatory Pressures Intensify
Ferrovial’s consensus price target was revised upwards, driven by robust earnings momentum, expansion in North America, and higher expected returns from core assets, partially offset by macroeconomic and valuation concerns, resulting in a modest increase in fair value from €47.62 to €48.54. Analyst Commentary Bullish analysts cited robust earnings momentum and improved visibility in Ferrovial’s core infrastructure assets as key drivers for upward price target revisions.Analysis Article • Sep 22
We Ran A Stock Scan For Earnings Growth And Ferrovial (BME:FER) Passed With Ease
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Sep 13
North American Tolls Will Crumble As Regulatory Pressures Intensify
Ferrovial's consensus price target increased modestly to €47.62 as analysts cited improved outlook for infrastructure assets, strong traffic recovery, and robust cash flow expectations, though some caution remains due to near-term limitations and regulatory uncertainties. Analyst Commentary Bullish analysts raised price targets citing improved outlook for key infrastructure assets and ongoing expansion in core markets.Analysis Article • Sep 08
Is It Time To Consider Buying Ferrovial SE (BME:FER)?
Today we're going to take a look at the well-established Ferrovial SE ( BME:FER ). The company's stock saw its share...Analysis Article • Aug 27
Ferrovial (BME:FER) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 15
Estimating The Intrinsic Value Of Ferrovial SE (BME:FER)
BME:FER 1 Year Share Price vs Fair Value Explore Ferrovial's Fair Values from the Community and select yours Key...Analysis Article • Jul 07
There's Been No Shortage Of Growth Recently For Ferrovial's (BME:FER) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 22
Ferrovial SE (BME:FER) Investors Are Less Pessimistic Than Expected
Ferrovial SE's ( BME:FER ) price-to-sales (or "P/S") ratio of 3.4x may look like a poor investment opportunity when you...
New Narrative • Nov 07
US Toll Roads And Airport Growth Propel Revenue Amid Construction And Market Challenges
Strong U.S. Toll Roads results and airport passenger growth suggest future revenue increases with infrastructure enhancements in progress.Shareholder Returns
| FER | ES Construction | ES Market | |
|---|---|---|---|
| 7D | 3.5% | 3.4% | 2.5% |
| 1Y | 38.5% | 68.1% | 34.2% |
Return vs Industry: FER underperformed the Spanish Construction industry which returned 68.8% over the past year.
Return vs Market: FER exceeded the Spanish Market which returned 35.4% over the past year.
Price Volatility
| FER volatility | |
|---|---|
| FER Average Weekly Movement | 3.8% |
| Construction Industry Average Movement | 5.3% |
| Market Average Movement | 3.5% |
| 10% most volatile stocks in ES Market | 6.6% |
| 10% least volatile stocks in ES Market | 0.8% |
Stable Share Price: FER has not had significant price volatility in the past 3 months compared to the Spanish market.
Volatility Over Time: FER's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1952 | 22,464 | Ignacio Fernandez | www.ferrovial.com |
Ferrovial N.V., together with its subsidiaries, engages in the development, construction, and operation of highways and airports in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. It operates through four segments: Construction, Highways, Airports, and Energy. The company is involved in the development, financing, and operation of toll road infrastructure and construction activities, including the design and construction of public and private works; construction of public infrastructures; and development, financing, investing, and operation of airports.
Ferrovial N.V. Fundamentals Summary
| FER fundamental statistics | |
|---|---|
| Market cap | €43.64b |
| Earnings (TTM) | €868.00m |
| Revenue (TTM) | €9.63b |
50.1x
P/E Ratio4.5x
P/S RatioIs FER overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FER income statement (TTM) | |
|---|---|
| Revenue | €9.63b |
| Cost of Revenue | €1.21b |
| Gross Profit | €8.42b |
| Other Expenses | €7.55b |
| Earnings | €868.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.20 |
| Gross Margin | 87.44% |
| Net Profit Margin | 9.02% |
| Debt/Equity Ratio | 136.0% |
How did FER perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield47%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 21:31 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ferrovial N.V. is covered by 29 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Banco de Sabadell. S.A. |
| José Arroyas | Banco Santander |
| Nabil Ahmed | Barclays |