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Sacyr SA
(BME:SCYR)
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Rating:54Neutral
Price Target:
€4.00
▼(-7.62% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by elevated balance-sheet leverage and recent revenue contraction, despite solid operating profitability and strong cash generation. Technical indicators show only neutral-to-slightly-weak momentum, and valuation looks relatively expensive on P/E with the dividend providing only partial support.
Positive Factors
Strong Operating Profitability
Strong operating and EBITDA margins across 2022–2025 indicate that Sacyr’s core activities can convert revenue into attractive operating profit. This provides an earnings buffer and supports reinvestment, even though thin net margins mean the benefit is not fully retained.
Negative Factors
Very High Leverage
Debt remains very high relative to equity, leaving Sacyr highly geared and more exposed to refinancing risk, financing costs, and earnings downturns. This capital structure can constrain investment and reduce resilience if operating performance or infrastructure cash flows weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Profitability
Strong operating and EBITDA margins across 2022–2025 indicate that Sacyr’s core activities can convert revenue into attractive operating profit. This provides an earnings buffer and supports reinvestment, even though thin net margins mean the benefit is not fully retained.
Read all positive factors
Sacyr SA (SCYR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.33B
Dividend Yield3.14%
Average Volume (3M)2.36M
Price to Earnings (P/E)24.8
Beta (1Y)1.00
Revenue Growth3.64%
EPS Growth41.50%
CountryES
Employees14,537
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.17
Shares Outstanding805,780,150
10 Day Avg. Volume2,991,564
30 Day Avg. Volume2,360,921
Financial Highlights & Ratios
PEG Ratio-1.32
Price to Book (P/B)2.96
Price to Sales (P/S)0.66
P/FCF Ratio2.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.60Price Target Upside29.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.2
Revenue Forecast (FY)€4.83B
Sacyr SA Business Overview & Revenue Model
Company Description
Sacyr, S.A. is a globally operating enterprise primarily engaged in construction and the management of infrastructure concessions. Its business activities are structured into three main divisions: Concessions, Engineering and Infrastructure, and S...
How the Company Makes Money
Sacyr primarily makes money through a combination of (1) concession/asset operation income and (2) engineering and construction contracting. In its concessions business, Sacyr develops and operates infrastructure under long-term agreements, genera...
Sacyr SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
34
Negative
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.86B | 4.66B | 4.57B | 4.61B | 4.98B | 4.68B |
| Gross Profit | 789.43M | 758.34M | 3.12B | 3.23B | 4.08B | 3.07B |
| EBITDA | 1.32B | 1.23B | 1.33B | 1.43B | 1.18B | 410.34M |
| Net Income | 133.59M | 85.79M | 113.37M | 153.22M | 110.52M | -189.18M |
Balance Sheet | ||||||
| Total Assets | 18.76B | 17.57B | 17.97B | 17.31B | 17.56B | 14.98B |
| Cash, Cash Equivalents and Short-Term Investments | 2.13B | 2.06B | 1.70B | 1.77B | 1.80B | 1.95B |
| Total Debt | 9.24B | 8.58B | 8.76B | 8.69B | 9.89B | 7.94B |
| Total Liabilities | 16.55B | 15.37B | 15.91B | 15.56B | 16.20B | 14.02B |
| Stockholders Equity | 1.03B | 1.04B | 1.01B | 795.76M | 535.66M | 409.37M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.10B | 961.34M | 624.31M | 135.40M | 427.98M |
| Operating Cash Flow | 0.00 | 1.36B | 1.29B | 847.59M | 737.75M | 629.04M |
| Investing Cash Flow | 0.00 | -602.93M | -746.23M | -339.58M | -1.48B | -970.85M |
| Financing Cash Flow | 0.00 | -392.59M | -519.72M | -541.79M | 854.26M | 690.71M |
Sacyr SA Technical Analysis
Negative
4.33
Price Trends
4.54
Negative
4.56
Negative
4.32
Negative
Market Momentum
-0.08
Negative
39.18
Neutral
30.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:SCYR, the sentiment is Negative. The current price of 4.33 is above the 20-day moving average (MA) of 4.31, below the 50-day MA of 4.54, and above the 200-day MA of 4.32, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 30.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:SCYR.
Sacyr SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | €34.66B | 54.66 | 10.42% | 2.36% | 5.46% | -81.98% | |
60 Neutral | €5.09B | 23.80 | 6.14% | 4.66% | 9.68% | -10.60% | |
59 Neutral | €2.68B | 12.98 | 21.10% | 10.34% | 6.96% | ― | |
58 Neutral | €26.14B | 23.67 | 19.75% | 2.53% | 10.46% | 14.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.33B | 24.83 | 13.38% | 3.14% | 3.64% | 41.50% | |
51 Neutral | €11.38B | 29.67 | 7.63% | 2.87% | 7.62% | -56.65% |
* General Sector Average
ES:SCYR
Sacyr SA
4.14
0.57
15.86%
ES:ANA
Acciona
196.40
30.75
18.56%
ES:ACS
Actividades de Construccion y Servicios SA
91.85
23.35
34.08%
ES:ENO
Elecnor
30.90
6.79
28.15%
ES:FER
Ferrovial
47.01
-0.91
-1.89%
ES:FCC
Fomento de Construcciones y Contratas
10.72
-0.10
-0.89%
Sacyr SA Corporate Events
Sacyr Secures Investment-Grade Rating from S&P to Bolster Strategic Plan
Sep 1, 2026
Sacyr SA has secured a long-term corporate credit rating of BBB- with a stable outlook from SP Global Ratings, placing the company in the investment-grade category. This rating underscores the market’s recognition of Sacyr’s financial ...
Sacyr Secures Investment-Grade Rating to Support 2024-2027 Strategy
Sep 1, 2026
Sacyr SA has secured a long-term corporate credit rating of BBB- with a stable outlook from SP Global Ratings, placing the company within the Investment Grade category. This milestone marks a significant advance in its 2024-2027 strategic plan, st...
Sacyr Achieves Investment-Grade Credit Rating from S&P
Sep 1, 2026
Sacyr S.A. has secured a long-term corporate credit rating of BBB- with a stable outlook from SP Global Ratings, placing the company in the investment-grade category. This milestone aligns with and supports Sacyr’s 2024-2027 strategic plan, ...
Sacyr Signs One-Year Forward Contract on 10 Million Shares
Aug 26, 2026
Sacyr has entered into a one-year forward contract with a financial institution covering 10 million of its ordinary shares, set at an initial reference price of €4.266 per share, adjustable at final execution. The deal allows settlement eith...
Sacyr Board Certifies Accuracy of First-Half 2026 Financial Report
Jul 31, 2026
Sacyr S.A. has released its first semi-annual financial report for 2026, covering the period ended June 30, 2026, and formally signed on July 29, 2026. The company’s board has certified that the summarized accounts and interim management rep...
Sacyr Publishes Unaudited First-Half 2026 Results Under ESMA Guidelines
Jul 30, 2026
Sacyr SA has reported its unaudited financial results for the first half of 2026, prepared under IFRS and accompanied by alternative performance measures aimed at improving comparability and transparency. The company emphasizes that the figures ma...
Sacyr Schedules Webcast for H1 2026 Results Disclosure
Jul 22, 2026
Sacyr SA will publish its first-half 2026 financial results on July 29, 2026, after market close on the CNMV and the company’s website. The group will present the figures the following day, July 30, via a live audio webcast, with a replay av...
Sacyr Details Q2 2026 Activity in Share Liquidity Contract
Jul 7, 2026
Sacyr reported detailed activity under its share liquidity contract for the second quarter of 2026, disclosing purchases, sales, and the evolution of the contract’s share and cash balances. The infrastructure group’s use of this mechan...
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.