Obrascon Huarte Lain (OHLA) AI Stock Analysis

Obrascon Huarte Lain

(BME:OHLA)

Select Model

Rating:58Neutral

Price Target:EUR 0.36▲(4.02% Upside)

Action:reiterated

Date:08/18/26

Financial performance leads with balance sheet and cash flow gains tempered by fragile profitability. Weak technical momentum from moving averages and MACD further caps the score, while moderate P/E valuation offers limited support.

Positive Factors

Revenue RecoveryThe sharp TTM revenue rebound indicates a meaningful recovery in project activity and contract execution. Sustained top-line expansion would improve operating leverage, support backlog conversion, and provide a stronger base for rebuilding profitability over the next several quarters.

Negative Factors

Negative Gross ProfitNegative reported gross profit signals significant cost pressure or execution volatility at the project level, even though EBIT and net income were modestly positive. Continued weakness here could limit margin recovery and reduce the quality and durability of earnings.

Obrascon Huarte Lain (OHLA) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 481.92M
Dividend Yield: ―
Average Volume (3M): 7.50M
Price to Earnings (P/E): 15.2
Beta (1Y): 0.90
Revenue Growth: -2.92%
EPS Growth: ―
Country: Spain
Employees: 7,255
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Obrascon Huarte Lain Business Overview & Revenue Model

Company Description

Obrascón Huarte Lain, S.A. (OHLA) is an international enterprise primarily involved in construction and the development of concessions. Its extensive global presence includes operations in the United States, Canada, Mexico, several South American nat...

How the Company Makes Money

OHLA primarily makes money by earning contract revenue from delivering construction and civil engineering projects for clients. Its core revenue model is project-based: the company bids for contracts (often through competitive tenders), executes the...

Obrascon Huarte Lain Financial Statement Overview

Summary

Income statement remains weak due to thin margins and past volatility despite recent positive net income; offset by markedly improved balance sheet leverage and solid operating cash flow generation.

Income Statement

46Neutral

Balance Sheet

71Positive

Cash Flow

67Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.51B	3.46B	3.65B	3.13B	2.87B	2.78B
Gross Profit	-71.17M	-104.40M	1.61B	1.38B	1.56B	1.27B
EBITDA	240.35M	205.10M	95.58M	176.45M	88.53M	188.96M
Net Income	31.86M	1.70M	-49.92M	5.52M	-96.84M	5.95M
Balance Sheet
Total Assets	3.64B	3.47B	3.57B	3.26B	3.19B	3.06B
Cash, Cash Equivalents and Short-Term Investments	605.01M	668.10M	707.37M	611.29M	517.71M	558.44M
Total Debt	439.77M	432.46M	595.29M	588.54M	532.22M	564.39M
Total Liabilities	2.99B	2.84B	3.04B	2.76B	2.64B	2.44B
Stockholders Equity	624.24M	611.00M	526.24M	494.11M	558.40M	624.28M
Cash Flow
Free Cash Flow	124.82M	-32.76M	131.52M	160.98M	-26.68M	-30.28M
Operating Cash Flow	162.35M	5.79M	186.20M	199.60M	11.47M	-633.00K
Investing Cash Flow	-96.19M	-83.23M	15.53M	-6.32M	123.27M	85.62M
Financing Cash Flow	-45.23M	74.49M	-128.57M	-43.11M	-185.50M	-63.87M

Obrascon Huarte Lain Technical Analysis

Technical Analysis SentimentNegative

Last Price0.35

Price Trends

50DMA0.36Negative

100DMA0.40Negative

200DMA0.41Negative

Market Momentum

MACD-0.00Negative

RSI48.06Neutral

STOCH86.12Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:OHLA, the sentiment is Negative. The current price of 0.35 is above the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.36, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 48.06 is Neutral, neither overbought nor oversold. The STOCH value of 86.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:OHLA.

Obrascon Huarte Lain Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:OHLA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:FER	67Neutral	EUR 36.20B	58.95	10.42%	2.19%	5.46%	-81.98%
ES:SCYR	61Neutral	EUR 3.19B	24.28	13.38%	3.21%	3.64%	41.50%
ES:FCC	60Neutral	EUR 4.84B	22.73	6.14%	4.88%	9.68%	-10.60%
ES:OHLA	58Neutral	EUR 481.92M	15.16	5.26%	―	-2.92%	―
ES:ACS	56Neutral	EUR 24.12B	23.36	19.75%	2.56%	10.46%	14.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:ANA	51Neutral	EUR 11.13B	30.75	7.63%	2.77%	7.62%	-56.65%

* General Sector Average

Performance Comparison

ES:OHLA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:OHLA	Obrascon Huarte Lain	0.35	-0.10	-23.01%
ES:ANA	Acciona SA	203.60	12.70	6.65%
ES:ACS	Actividades de Construccion y Servicios SA	90.65	18.45	25.56%
ES:FER	Ferrovial SA	50.70	-2.68	-5.02%
ES:FCC	Fomento de Construcciones y Contratas	10.24	-0.75	-6.82%
ES:SCYR	Sacyr SA	4.05	0.36	9.70%

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 18, 2026

Obrascon Huarte Lain AI Stock Analysis