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Actividades de Construccion y Servicios SA
(BME:ACS)
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Rating:58Neutral
Price Target:
€94.00
▼(-9.27% Downside)
Action:Reiterated
Date:07/31/26
The score is primarily supported by steady revenue growth and improved recent cash generation, but is held back by elevated leverage and only modest profitability. Technically, the stock is in a weak intermediate-term trend (below key moving averages), while valuation is mixed with a higher P/E partly balanced by a ~3.12% dividend yield.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand for ACS’s construction and infrastructure services rather than reliance on a single reporting period. A growing top line can support scale, strengthen the order-generation platform, and provide a foundation for durable earnings growth if execution remains disciplined.
Negative Factors
High Leverage
ACS’s debt-heavy capital structure leaves the group more sensitive to weaker project margins, execution setbacks, or reduced cash generation. High leverage can constrain financial flexibility, increase obligations during downturns, and amplify volatility in shareholder returns even where equity has recently grown.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand for ACS’s construction and infrastructure services rather than reliance on a single reporting period. A growing top line can support scale, strengthen the order-generation platform, and provide a foundation for durable earnings growth if execution remains disciplined.
Read all positive factors
Actividades de Construccion y Servicios SA (ACS) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€23.98B
Dividend Yield2.58%
Average Volume (3M)449.53K
Price to Earnings (P/E)23.2
Beta (1Y)1.03
Revenue Growth10.46%
EPS Growth14.97%
CountryES
Employees152,300
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)3.88
Shares Outstanding277,097,870
10 Day Avg. Volume431,385
30 Day Avg. Volume449,528
Financial Highlights & Ratios
PEG Ratio1.61
Price to Book (P/B)4.54
Price to Sales (P/S)0.44
P/FCF Ratio9.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€143.33Price Target Upside38.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)4.23
Revenue Forecast (FY)€55.72B
Actividades de Construccion y Servicios SA Business Overview & Revenue Model
Company Description
ACS, Actividades de Construcción y Servicios, S.A. provides construction and related services in Spain, the United States, Australia, Canada, Germany, rest of Europe, and internationally. The company undertakes civil construction activities relate...
How the Company Makes Money
ACS makes money primarily by winning and executing contracts for construction and infrastructure delivery, plus recurring service revenues tied to operating and maintaining infrastructure and industrial facilities. Its main revenue streams typical...
Actividades de Construccion y Servicios SA Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
52
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.91B | 49.85B | 41.63B | 35.74B | 33.62B | 27.84B |
| Gross Profit | 46.87B | 4.62B | 13.35B | 11.28B | 10.25B | 8.84B |
| EBITDA | 2.91B | 2.42B | 2.70B | 1.90B | 2.11B | 805.65M |
| Net Income | 1.01B | 950.34M | 827.58M | 780.12M | 668.23M | 3.05B |
Balance Sheet | ||||||
| Total Assets | 49.87B | 45.93B | 42.03B | 36.50B | 37.58B | 35.66B |
| Cash, Cash Equivalents and Short-Term Investments | 15.83B | 14.32B | 12.34B | 9.82B | 10.42B | 12.29B |
| Total Debt | 16.29B | 16.08B | 14.34B | 10.39B | 11.00B | 10.99B |
| Total Liabilities | 43.52B | 40.75B | 36.91B | 30.87B | 31.20B | 28.64B |
| Stockholders Equity | 6.04B | 4.82B | 4.71B | 5.33B | 5.55B | 6.33B |
Cash Flow | ||||||
| Free Cash Flow | 2.49B | 2.30B | 2.18B | 1.01B | 1.46B | -183.07M |
| Operating Cash Flow | 3.21B | 3.05B | 2.79B | 1.50B | 1.74B | 203.14M |
| Investing Cash Flow | -1.04B | -1.65B | -1.25B | -15.75M | -198.10M | 3.40B |
| Financing Cash Flow | 2.53B | 47.58M | 496.66M | -1.65B | -3.54B | -770.95M |
Actividades de Construccion y Servicios SA Technical Analysis
Negative
103.60
Price Trends
96.13
Negative
107.16
Negative
109.07
Negative
Market Momentum
-2.12
Negative
44.11
Neutral
35.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ACS, the sentiment is Negative. The current price of 103.6 is above the 20-day moving average (MA) of 91.22, above the 50-day MA of 96.13, and below the 200-day MA of 109.07, indicating a bearish trend. The MACD of -2.12 indicates Negative momentum. The RSI at 44.11 is Neutral, neither overbought nor oversold. The STOCH value of 35.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:ACS.
Actividades de Construccion y Servicios SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €456.48M | 9.89 | 18.67% | 2.08% | 10.84% | 67.83% | |
58 Neutral | €23.98B | 23.23 | 19.75% | 2.58% | 10.46% | 14.97% | |
57 Neutral | €2.16B | 13.66 | 27.90% | 3.09% | 32.96% | 48.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.14B | 23.90 | 13.38% | 3.26% | 3.64% | 41.50% | |
53 Neutral | €470.31M | 14.79 | 5.26% | 9.37% | -2.92% | ― | |
51 Neutral | €11.45B | 31.66 | 7.63% | 2.69% | 7.62% | -56.65% |
* General Sector Average
ES:ACS
Actividades de Construccion y Servicios SA
90.15
18.50
25.81%
ES:ANA
Acciona
209.60
22.92
12.28%
ES:OHLA
Obrascon Huarte Lain
0.34
-0.12
-25.44%
ES:SCYR
Sacyr SA
3.99
0.16
4.24%
ES:TRE
Tecnicas Reunidas
27.60
-4.60
-14.29%
ES:GSJ
Grupo Empresarial San Jose, S.A.
7.02
-0.11
-1.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.