Actividades de Construccion y Servicios SA (ACS) AI Stock Analysis

• Market Cap: €15.00B
• Dividend Yield: 2.83%
• Average Volume (3M): 340.79K
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.80
• Revenue Growth: 16.50%
• EPS Growth: 7.64%
• Country: ES
• Employees: 157,284
• Sector: Industrials
• Sector Strength: 91
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 271,664,580
• 10 Day Avg. Volume: 406,079
• 30 Day Avg. Volume: 340,787
• PEG Ratio: 0.57
• Price to Book (P/B): 3.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €52.75
• Price Target Upside: -8.34% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 70 Outperform
• Price Target: ―

Actividades de Construccion y Servicios SA presents a promising investment opportunity with strong cash flow generation and a solid balance sheet, underscoring its financial health. The technical analysis shows positive market momentum, reinforcing a bullish outlook. The company's valuation is reasonable, providing a stable income with its dividend yield. However, variability in income statement margins and lack of recent earnings call or corporate events data limit further insights, maintaining the overall score at a moderate level.

Actividades de Construccion y Servicios SA Business Overview & Revenue Model

Company Description

ACS, Actividades de Construcción y Servicios, S.A. provides construction and related services in Spain and internationally. The company undertakes construction activities related to development of highways, railways, maritime, airport works, hydraulic infrastructures, coasts, ports, civil engineering, educational and sports facilities, residential, and social infrastructures and facilities; undertakes contracts for the provision of mining services and infrastructure required for mining activities; and offers maintenance services for buildings, public places, and organizations. It also engages in the operation and maintenance activities, and development of real estate infrastructures; design, development, construction, and operation of infrastructure projects, real estates, and facilities; and promotion and development of transport and public facilities, as well as management of different public-private collaboration models. In addition, the company offers services for people, such as care for elderly citizens, dependent people, disabled people, and children aged up until the age of three; and manages playschools and collective restoration. Further, it provides services for building, such as maintenance, energy efficiency, cleaning, security, and logistics and auxiliary services; and services for public spaces comprising managing public lighting, which includes investing in changing light fittings, environmental services, and airport services. ACS, Actividades de Construcción y Servicios, S.A. was founded in 1997 and is based in Madrid, Spain.

How the Company Makes Money

ACS makes money primarily through its diversified operations in the construction and infrastructure sectors. The company's revenue streams are largely derived from construction contracts, wherein it designs and builds residential, commercial, and infrastructure projects. Additionally, ACS generates income through its industrial services division, which offers maintenance and operational support for energy and industrial facilities. The company also benefits from long-term concessions and public-private partnership projects that provide a steady income stream over time. Key factors contributing to its earnings include its global presence, strategic acquisitions, and partnerships that expand its service offerings and market reach.

Actividades de Construccion y Servicios SA Financial Statement Overview

Summary

Actividades de Construccion y Servicios SA shows a balanced financial performance with strengths in cash flow generation and a solid balance sheet. While income statement margins have experienced variability, the company's ability to generate cash and maintain a debt-free status in the latest year is commendable. The overall picture suggests a company on a stable recovery path with potential for growth.

Income Statement

The company shows moderate revenue growth and profitability. Gross profit margin remains stable, with a notable increase in net profit margin from previous years. However, EBIT and EBITDA margins have shown volatility, indicating fluctuations in operational efficiency. Overall, the income statement reflects a recovering trajectory after previous declines.

Balance Sheet

The balance sheet demonstrates a strong equity position with no reported debt in the latest year, which significantly reduces financial risk. However, the return on equity has been inconsistent, reflecting volatility in net income. The equity ratio indicates a moderate level of leverage, suggesting effective capital management. The stability of stockholders' equity over time is a positive indicator.

Cash Flow

The cash flow statement highlights strong free cash flow growth and positive operating cash flow, suggesting robust cash generation capabilities. The company has demonstrated improvement in free cash flow to net income ratio, enhancing financial flexibility. However, fluctuations in capital expenditures and financing cash flow indicate variability in investment and funding strategies.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
37.46B	41.63B	35.74B	33.62B	27.84B	34.94B
	Gross Profit
-11.55B	13.35B	11.28B	10.25B	8.84B	11.33B
	EBIT
-6.40B	1.44B	3.45B	450.54M	603.40M	275.76M
	EBITDA
803.56M	2.70B	1.90B	1.70B	599.14M	1.96B
	Net Income Common Stockholders
811.34M	827.58M	780.12M	668.23M	-731.87M	896.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.92B	12.50B	9.82B	10.42B	11.98B	8.96B
	Total Assets
33.89B	42.03B	36.50B	37.58B	35.66B	37.33B
	Total Debt
10.77B	0.00	10.39B	11.00B	10.99B	11.78B
	Net Debt
5.95B	-11.41B	1.30B	1.58B	45.47M	4.02B
	Total Liabilities
29.16B	36.91B	30.87B	31.20B	28.64B	33.06B
	Stockholders Equity
3.23B	4.71B	5.33B	5.55B	6.33B	3.53B
Cash Flow		Free Cash Flow
1.35B	2.18B	1.01B	1.46B	-183.07M	265.23M
	Operating Cash Flow
1.52B	2.79B	1.50B	1.74B	203.14M	1.14B
	Investing Cash Flow
0.00	-1.25B	-15.75M	-198.10M	3.40B	292.31M
	Financing Cash Flow
0.00	496.66M	-1.65B	-3.54B	-770.95M	-1.06B

Actividades de Construccion y Servicios SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 57.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ACS, the sentiment is Positive. The current price of 57.55 is below the 20-day moving average (MA) of 58.74, above the 50-day MA of 55.20, and above the 200-day MA of 48.41, indicating a neutral trend. The MACD of 0.71 indicates Positive momentum. The RSI at 49.95 is Neutral, neither overbought nor oversold. The STOCH value of 12.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ACS.

Actividades de Construccion y Servicios SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACS	70 Outperform	€15.00B	17.82	16.48%	2.83%	16.50%	7.64%
Sector *	66 Neutral	$4.51B	12.29	5.40%	248.53%	4.14%	-12.41%
0H4K		€8.15B	19.29	8.59%	2.65%	―	―
0P2N		€32.11B	10.05	65.54%	1.47%	―	―
0HAA		€5.57B	12.79	8.78%	4.27%	―	―
0MKG		€441.50M	0.73	-11.26%	―	―	―
0OFU		€2.71B	23.11	12.85%	3.63%	―	―

Actividades de Construccion y Servicios SA Corporate Events

ACS Executes Share Buyback Transactions

ACS Actividades de Construcción y Servicios S.A. announced the execution of transactions under its share buyback program on April 11, 2025. This initiative, part of a program approved in 2020, involves purchasing its own shares, which could impact the company’s stock value and signal confidence in its financial health.

ACS Announces Annual General Meeting with Key Financial Decisions

ACS has announced its Annual General Meeting of Shareholders to be held in Madrid, with options for telematic participation and early voting. Key agenda items include approval of the 2024 fiscal year’s financial results, re-election of board members, and decisions on capital management, which could impact the company’s financial strategy and shareholder value.

ACS Approves 2024 Financial Results and Sustainability Report

ACS has announced the approval of its 2024 financial year annual accounts and management reports, reflecting a profit of over 647 million euros. The company plans to allocate a portion of this profit to reserves, highlighting its financial stability and commitment to sustainable growth. Additionally, the approval of the consolidated Non-Financial Information Statement and Sustainability Information underscores ACS’s dedication to transparency and corporate responsibility.

ACS Announces 2025 Shareholders’ Meeting with Key Financial Agenda

ACS Actividades de Construcción y Servicios S.A. has announced its upcoming Ordinary General Shareholders’ Meeting to be held in Madrid on May 8 and 9, 2025. The agenda includes approval of the 2024 financial year accounts, re-election of directors, and discussions on directors’ remuneration. Additionally, the meeting will address capital increase and share buyback authorizations, reflecting the company’s strategic focus on financial management and shareholder value.

ACS Modifies Share Buyback Program to Enhance Capital Structure

ACS has announced a modification to its share buyback program, which includes the amortization of 1,378,681 shares following a variable dividend execution. The program allows for the acquisition of up to 17,800,000 shares, representing approximately 6.552% of ACS’s share capital, with a maximum investment of 979 million euros, and is set to continue until July 31, 2025. This strategic move is likely to impact the company’s capital structure and shareholder value, reflecting ACS’s ongoing commitment to optimizing its financial operations.

ACS Group Reports 6.1% Increase in Net Profit for 2024

The ACS Group reported a net profit of 828 million euros in 2024, marking a 6.1% increase from the previous year, driven by strong operational performance across its segments, particularly Turner in North America. Sales rose by 16.5% to 41,633 million euros, and EBITDA increased by 28.7% to 2,456 million euros, reflecting the company’s robust growth and strategic investments, including the consolidation of the Australian mining services company Thiess.

ACS Group to Announce 2024 Fiscal Year Results

The ACS Group, a leader in construction and services, is set to release its 2024 fiscal year results on February 27, 2025, after market close. The CEO, Mr. Juan Santamaría, will present the results to analysts and institutional investors on February 28, 2025, which can be followed live via the company’s website.

ACS Introduces New Shares to Spanish Stock Exchanges

ACS has announced the admission of 1,378,681 new shares to trading on multiple Spanish stock exchanges, following a capital increase approved at the 2024 Ordinary General Meeting. This move is part of an optional dividend system implementation, potentially enhancing shareholder value and reinforcing the company’s financial strategies.