Sabadell - Ferrovial S.A. (FER) FERROVIAL: AÚN QUEDA GASOLINA... (ANÁLISIS BANCO SABADELL)

Report

Sabadell

Luis Arredondo

EUR 400.00 For Business Accounts Only

FERROVIAL: AÚN QUEDA GASOLINA... (ANÁLISIS BANCO SABADELL)

Las subidas de tipos ya están descontadas. COMPRAR.
Las recientes caídas del valor (-12% en 2022; -10% vs Eurostoxx Const.&Mat) responden en nuestra opinión a las expectativas de subidas de tipos en EE.UU., que vemos en gran medida descontadas (según nuestras estimaciones FER habría recogido una subida de +80pb BS(e) frente a +75pb/100pb que esperamos para 2022 BS(e)). También ha pesado el impacto de Ómicron, que debería perder intensidad desde 2T’22 BS(e). Revisamos estimaciones -0,3% en EBITDA promedio 21-23 y subimos nuestro P.O. hasta 30,00 euros/acc. (+24% potencial; +11% vs anterior) tras hacer roll over a 2022 y mejorar nuestra valoración de la autopista I-66 (+8% en P.O.), que ajustamos al valor implícito de la última transacción. COMPRAR.

09/02/2022 1 ES

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.

See profile

ES0118900010 Madrid Stock Exchange Spain

Provider

Sabadell

See profile

Analysts

Luis Arredondo

Other Reports on these Companies

Sabadell

FERROVIAL: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

1Q'25 vs. 1Q'24 Results Sales: € 2.059 Bn (+9.6% vs. +4.2% BS(e) and +6.5% consensus); EBITDA: € 309.0 M (+21.7% vs. +14.4% BS(e) and +19.7% consensus); EBIT: € 199.0 M (+30.9% vs. +21.5% BS(e) and +32.9% consensus);

EUR 100.00

May 14, 2025 May 14, 2025 1 EN

Sabadell

FERROVIAL: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 2.059 M euros (+9,6% vs +4,2% BS(e) y +6,5% consenso); EBITDA: 309,0 M euros (+21,7% vs +14,4% BS(e) y +19,7% consenso); EBIT: 199,0 M euros (+30,9% vs +21,5% BS(e) y +32,9% consenso). Rdos. 1T’25 ligeramente por encima de consenso en operativo (EBITDA 309 M euros vs 291 M euros BS(e) y 304 M euros consenso; +22% vs 1T’24) y marcados por la sólida evolución de Autopistas (EBITDA 235 M euros vs 224 M euros BS(e) y 231 M consenso; +16% vs 1T’24) donde las Managed Lanes volvieron a dejar una excelente evolución del ingreso medio por transacción (≥+9% en todos los ac...

EUR 100.00

May 14, 2025 May 14, 2025 1 ES

Sabadell

IBERIAN DAILY 14 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: FERROVIAL, MERLIN PROPERTIES, TELEFÓNICA. The Ibex nearing 13,800 points Gains continued yesterday after the strong rises seen last Monday with positive surprises in macroeconomic data. In the STOXX 600, Retail and Autos were the best-performing sectors vs. Real Estate and Food that suffered the biggest losses. On the macro side, in the UK, March’s ILO unemployment rate rose to 4.5%, as expected. In Germany, April’s ZEW climbed more than expected whereas the current situation index was disappointing, falling and remaining at record lows. In the US, April’s general inflation mod...

EUR 100.00

May 14, 2025 May 14, 2025 1 EN

INFORME DIARIO 23 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, GRIFOLS, INDRA, OHLA. Pausa en las subidas Los mercados europeos tomaron beneficios más preocupados por la deriva de la rentabilidad de la curva estadounidense. Así, todos los sectores del STOXX 600 terminaron en rojo siendo Químicas y Hogar los mejores, mientras que B. Consumo y Autos terminaron con las caídas más profundas. Por el lado macro, en la Eurozona el PMI preliminar de manufacturas se recuperó en mayo algo más de lo esperado mientras que el de servicios retrocedió de forma inesperada hasta mínimos de feb’24 con el PMI compues...

EUR 100.00

May 23, 2025 May 23, 2025 1 ES

Research Department

Research Department

IBERIAN DAILY 23 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CAIXABANK, GRIFOLS, INDRA, OHLA. Rallies take a breather European markets saw profit taking, more concerned with the US debt curve. Thus, all sectors in the STOXX 600 ended in the red, with Chemicals and Household Goods being the best performers, whereas Consumer Goods and Autos ended with the biggest drops. On the macro side, in the euro zone May’s preliminary manufacturing PMI recovered slightly more than expected, whereas the services index fell unexpectedly to a low since Feb’24, with the composite PMI in a contraction zone. From the ECB, the minutes from the last meeting sh...

EUR 100.00

May 23, 2025 May 23, 2025 1 EN

Research Department

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 14 TO 21 MAY 2025 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio AB Inbev, Air Liquide, Airbus, ASML &AXA No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio Cellnex, Ferrovial, IAG, Indra & Merlin No changes this week. 5 High-Yield Stock Portfolio Acciona, Colonial, Iberdrola, Mapfre & Redeia No changes this week. Mid&Small Recommended Portfolio CAF, Enagás, Ence, Fluidra, Global Dominion, Grupo Catalana Occidente, Indra, Meliá, Sacyr & Viscofan No changes this week.

EUR 100.00

May 22, 2025 May 22, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

FERROVIAL: AÚN QUEDA GASOLINA... (ANÁLISIS BANCO SABADELL)

FERROVIAL: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

FERROVIAL: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 14 MAY (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 23 MAYO (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 23 MAY (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 14 TO 21 MAY 2025 (ANÁLISIS BANCO SABADELL)

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe