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Fomento de Construcciones y Contratas
(BME:FCC)
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Rating:54Neutral
Price Target:
€11.50
▲(3.23% Upside)
Action:Reiterated
Date:08/17/26
The score is mainly held back by weaker recent fundamentals (thin/volatile margins, elevated leverage, and inconsistent free cash flow) and bearish technical signals (negative MACD and price below key moving averages). An attractive dividend yield provides some offset, but the relatively high P/E limits valuation support.
Positive Factors
Steady revenue growth
Sustained top-line growth indicates continued demand across FCC’s environmental, water, and construction activities. A growing revenue base can support scale, renewals, and investment in infrastructure and service capacity over the medium term.
Negative Factors
Material margin compression
Persistently thin profitability reduces FCC’s buffer against cost inflation, execution problems, and unfavorable project mix. Compressed operating and net margins also limit the earnings benefit from revenue growth unless pricing or efficiency improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained top-line growth indicates continued demand across FCC’s environmental, water, and construction activities. A growing revenue base can support scale, renewals, and investment in infrastructure and service capacity over the medium term.
Read all positive factors
Fomento de Construcciones y Contratas (FCC) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€5.34B
Dividend Yield4.41%
Average Volume (3M)19.28K
Price to Earnings (P/E)25.2
Beta (1Y)0.91
Revenue Growth9.68%
EPS Growth-10.60%
CountryES
Employees73,440
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)0.45
Shares Outstanding472,994,050
10 Day Avg. Volume25,722
30 Day Avg. Volume19,279
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)1.42
Price to Sales (P/S)0.51
P/FCF Ratio10.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€11.70Price Target Upside5.03% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.75
Revenue Forecast (FY)€10.40B
Fomento de Construcciones y Contratas Business Overview & Revenue Model
Company Description
Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, provides environmental services in Europe and internationally. It operates through Environmental Services; Integrated Water Management; Construction; Concessions; Cement;...
How the Company Makes Money
FCC makes money primarily by delivering long-term, contract-based services and projects across its main business areas. (1) Environmental Services: FCC earns revenue from municipal and commercial contracts for waste collection, street cleaning, an...
Fomento de Construcciones y Contratas Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.64B | 9.70B | 9.07B | 8.41B | 7.71B | 6.66B |
| Gross Profit | 6.26B | 5.84B | 5.41B | 5.08B | 4.91B | 4.30B |
| EBITDA | 1.35B | 1.36B | 1.49B | 1.20B | 1.19B | 1.37B |
| Net Income | 211.76M | 164.37M | 429.87M | 589.06M | 315.18M | 580.13M |
Balance Sheet | ||||||
| Total Assets | 15.95B | 15.80B | 14.24B | 16.72B | 15.28B | 14.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.58B | 2.99B | 2.11B | 1.86B | 1.79B | 1.66B |
| Total Debt | 5.42B | 5.73B | 5.54B | 5.37B | 5.37B | 5.34B |
| Total Liabilities | 11.23B | 11.06B | 10.50B | 10.57B | 10.34B | 9.80B |
| Stockholders Equity | 3.41B | 3.48B | 2.73B | 4.45B | 3.39B | 3.01B |
Cash Flow | ||||||
| Free Cash Flow | 471.54M | 486.90M | 437.97M | -66.05M | 922.92M | 358.85M |
| Operating Cash Flow | 1.24B | 1.20B | 1.28B | 785.38M | 1.55B | 746.25M |
| Investing Cash Flow | -1.08B | -1.05B | -1.30B | -962.44M | -938.04M | 193.08M |
| Financing Cash Flow | 404.25M | 813.51M | 234.72M | 210.26M | -567.20M | -627.73M |
Fomento de Construcciones y Contratas Technical Analysis
Positive
11.14
Price Trends
11.66
Negative
11.34
Negative
11.03
Positive
Market Momentum
-0.11
Negative
51.22
Neutral
55.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:FCC, the sentiment is Positive. The current price of 11.14 is below the 20-day moving average (MA) of 11.15, below the 50-day MA of 11.66, and above the 200-day MA of 11.03, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of 55.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:FCC.
Fomento de Construcciones y Contratas Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | €36.93B | 58.91 | 10.42% | 2.00% | 5.46% | -81.98% | |
58 Neutral | €27.69B | 26.70 | 19.75% | 3.14% | 10.46% | 14.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €5.34B | 25.18 | 6.14% | 4.21% | 9.68% | -10.60% | |
54 Neutral | €3.42B | 25.83 | 13.38% | 2.71% | 3.64% | 41.50% | |
53 Neutral | €559.89M | 17.63 | 5.27% | ― | -2.92% | ― | |
51 Neutral | €11.50B | 31.99 | 7.63% | 2.28% | 7.62% | -56.65% |
* General Sector Average
ES:FCC
Fomento de Construcciones y Contratas
11.34
0.75
7.13%
ES:ANA
Acciona
211.80
41.53
24.39%
ES:ACS
Actividades de Construccion y Servicios SA
103.60
39.72
62.18%
ES:FER
Ferrovial
50.66
4.44
9.62%
ES:OHLA
Obrascon Huarte Lain
0.41
>-0.01
-1.70%
ES:SCYR
Sacyr SA
4.31
0.78
22.11%
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.