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Grupo Empresarial San Jose, S.A. (ES:GSJ)
BME:GSJ
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Grupo Empresarial San Jose, S.A. (GSJ) AI Stock Analysis

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ES:GSJ

Grupo Empresarial San Jose, S.A.

(BME:GSJ)

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Neutral 69 (OpenAI - 5.2)
Rating:69Neutral
Price Target:
€9.00
▲(14.94% Upside)
Action:Downgraded
Date:08/06/26
The score is primarily driven by strong financial fundamentals—solid revenue expansion, improved low leverage, and standout cash generation—offset by thin margins and 2025 gross-margin pressure. Technical indicators are modestly weak (negative MACD and below key short/medium-term moving averages), while valuation appears reasonable with a mid-range P/E and moderate dividend yield.
Positive Factors
Revenue Growth
Sustained multi-year revenue growth to ~€1.59B reflects durable demand and successful project wins. Over a 2–6 month horizon this scale supports bargaining power with suppliers, spreads fixed costs, and underpins investment capacity, reducing execution risk.
Negative Factors
Thin Net Margins
Low net profitability leaves limited room to absorb cost inflation, pricing pressure, or project overruns. Even modest gross- or operating-cost shocks can sharply reduce net earnings, making long-term cashflow and dividend sustainability more sensitive to operational setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue growth to ~€1.59B reflects durable demand and successful project wins. Over a 2–6 month horizon this scale supports bargaining power with suppliers, spreads fixed costs, and underpins investment capacity, reducing execution risk.
Read all positive factors

Grupo Empresarial San Jose, S.A. (GSJ) vs. iShares MSCI Spain ETF (EWP)

Grupo Empresarial San Jose, S.A. Business Overview & Revenue Model

Company Description
Grupo Empresarial San José, S.A., together with its subsidiaries, engages in construction business in Spain and internationally. It provides building, civil works, engineering and industrial construction services; development and maintenance of ho...
How the Company Makes Money
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Grupo Empresarial San Jose, S.A. Financial Statement Overview

Summary
Strong multi-year revenue growth (to ~€1.59B in 2025), a materially de-risked balance sheet with low debt-to-equity (~0.08–0.12 in 2022–2025), and robust operating/free cash flow (~€174M/~€167M in 2025). The main constraint on the score is thin net profitability (~2.5% in 2025) and notable 2025 gross-margin compression, indicating contract/mix sensitivity.
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
80
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.64B1.59B1.56B1.34B1.09B927.69M
Gross Profit332.58M210.37M393.55M355.44M319.21M269.81M
EBITDA87.53M76.58M69.12M51.32M43.59M41.71M
Net Income42.82M39.85M33.02M19.94M16.61M12.10M
Balance Sheet
Total Assets1.48B1.43B1.30B1.14B978.66M933.07M
Cash, Cash Equivalents and Short-Term Investments658.78M638.55M490.70M411.68M328.47M313.92M
Total Debt143.80M29.30M19.22M17.93M13.60M114.23M
Total Liabilities1.17B1.14B1.05B919.56M772.11M750.93M
Stockholders Equity265.40M247.92M218.22M181.38M174.44M151.66M
Cash Flow
Free Cash Flow0.00167.18M116.46M97.87M25.23M24.41M
Operating Cash Flow0.00174.10M122.41M103.38M31.61M30.88M
Investing Cash Flow0.00-28.14M-30.42M22.41M-12.09M38.41M
Financing Cash Flow0.00-1.90M-15.52M-18.18M-10.98M-58.40M

Grupo Empresarial San Jose, S.A. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
€502.00M10.8718.67%1.89%10.84%67.83%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
€26.14B25.3219.75%2.36%10.46%14.97%
60
Neutral
€34.66B56.1210.42%2.30%5.46%-81.98%
54
Neutral
€3.33B25.3213.38%3.08%3.64%41.50%
51
Neutral
€11.38B31.457.63%2.71%7.62%-56.65%
44
Neutral
€497.40M15.645.26%9.37%-2.92%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ES:GSJ
Grupo Empresarial San Jose, S.A.
7.72
0.93
13.76%
ES:ANA
Acciona
208.20
42.55
25.68%
ES:ACS
Actividades de Construccion y Servicios SA
98.25
29.75
43.42%
ES:FER
Ferrovial
48.26
0.34
0.71%
ES:OHLA
Obrascon Huarte Lain
0.36
-0.07
-16.12%
ES:SCYR
Sacyr SA
4.22
0.65
18.15%
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.Date of analysis: Aug 06, 2026