Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

Ferrovial : JFK airport Terminal One’s financials remain a mystery

>Some initial ideas on the JFK airport - Ferrovial published a presentation and held a conference call to explain the main ideas for the Terminal 1 project at JFK. The detail provided is unfortunately not enough to allow a proper assessment of the potential value creation or destruction of the plan. Still, some ideas were mentioned regarding the magnitude of the total investment planned ($ 9.5bn for 100%), the timing of the equity injections ($ 2.3bn in total; $ 1.14b...
Underlying
Ferrovial S.A.

Ferrovial is a transportation company based in Spain. Co. is engaged in operations in the transportation sector. Co. specializes in the design, construction, management, administration and maintenance of transport infrastructures. Co.'s services range also includes the maintenance of parking lots, and land-, sea- and air-based transport networks. Co. is also engaged in the promotion and operation of short-stay parking lots, parking regulation and management services and promotion and sale of residents' parking.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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