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

Ferrovial : Strength in the US motorways should temper the latest disappointment in Canada

>Focus on results on MLs and cash from construction – Outperform reiterated - After 407 ETR has already reported, the focus of Ferrovial’s results will be on the performance of its US Managed Lanes motorways and in the cash evolution of its construction division, both current and expected for the future. The rest of the assets are both less relevant on valuation and with a lower impact on short term cash flow. We are also revising our estimates in order to include th...
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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