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

• Market Cap: €27.26B
• Dividend Yield: 2.38%
• Average Volume (3M): 295.26K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.94
• Revenue Growth: 25.47%
• EPS Growth: 7.63%
• Country: ES
• Employees: 157,284
• Sector: General
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 1.14
• Shares Outstanding: 271,664,580
• 10 Day Avg. Volume: 255,272
• 30 Day Avg. Volume: 295,263
• PEG Ratio: 1.61
• Price to Book (P/B): 4.54
• Price to Sales (P/S): 0.44
• P/FCF Ratio: 9.49
• 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: €105.92
• Price Target Upside: 1.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 4.02
• Revenue Forecast (FY): €55.36B

• Rating: 65 Neutral
• Price Target: €118.00 ▲(12.81% Upside)
• Action: Downgraded Date: 03/02/26
• Date: Action: Downgraded 03/02/26

The score is driven primarily by solid financial execution (revenue growth and improving free cash flow) but is held back by higher and worsening leverage and thin/pressured margins. Technicals are supportive due to strong trend strength, though overbought signals add caution, and valuation is a secondary drag due to the high P/E with only a modest dividend yield.

Positive Factors

Free cash flow strength

Material FCF improvement in 2025 (up ~41% and ~0.76x net income) indicates the business converts earnings to cash, supporting reinvestment, capex and potential deleveraging. Durable cash generation reduces reliance on external finance across project cycles and cushions execution risk.

Negative Factors

Rising leverage

Debt-to-equity rising to ~3.34x increases financial vulnerability. Higher leverage amplifies earnings volatility from project delays or cost overruns, reduces strategic flexibility, and raises refinancing and interest-rate sensitivity, which can pressure cash available for operations and investments.

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, hydra...

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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, hydra...

How the Company Makes Money

ACS generates revenue through multiple streams, primarily from the construction and engineering services it provides for public and private sector projects. The company undertakes large infrastructure projects, such as roads, bridges, and airports...

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ACS generates revenue through multiple streams, primarily from the construction and engineering services it provides for public and private sector projects. The company undertakes large infrastructure projects, such as roads, bridges, and airports...

Actividades de Construccion y Servicios SA Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.00B	49.85B	41.63B	35.74B	33.62B	27.84B
Gross Profit	18.71B	4.62B	13.35B	11.28B	10.25B	8.84B
EBITDA	3.14B	2.42B	2.70B	1.90B	2.11B	805.65M
Net Income	861.20M	950.34M	827.58M	780.12M	668.23M	3.05B
Balance Sheet
Total Assets	41.30B	45.93B	42.03B	36.50B	37.58B	35.66B
Cash, Cash Equivalents and Short-Term Investments	10.87B	14.32B	12.34B	9.82B	10.42B	12.29B
Total Debt	14.24B	16.08B	14.34B	10.39B	11.00B	10.99B
Total Liabilities	36.88B	40.75B	36.91B	30.87B	31.20B	28.64B
Stockholders Equity	4.19B	4.82B	4.71B	5.33B	5.55B	6.33B
Cash Flow
Free Cash Flow	1.63B	2.30B	2.18B	1.01B	1.46B	-183.07M
Operating Cash Flow	2.45B	3.05B	2.79B	1.50B	1.74B	203.14M
Investing Cash Flow	-839.90M	-1.65B	-1.25B	-15.75M	-198.10M	3.40B
Financing Cash Flow	-636.92M	47.58M	496.66M	-1.65B	-3.54B	-770.95M

Actividades de Construccion y Servicios SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 104.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 104.6 is below the 20-day moving average (MA) of 105.98, above the 50-day MA of 101.70, and above the 200-day MA of 77.97, indicating a neutral trend. The MACD of 0.97 indicates Positive momentum. The RSI at 50.12 is Neutral, neither overbought nor oversold. The STOCH value of 57.36 is Neutral, 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
GSJ	73 Outperform	€518.26M	12.27	17.08%	1.89%	3.23%	12.32%
ACS	65 Neutral	€27.26B	18.49	20.71%	2.38%	25.47%	7.63%
ANA	60 Neutral	€11.80B	12.61	18.00%	2.87%	4.87%	339.22%
TRE	59 Neutral	€2.38B	10.84	29.15%	―	41.87%	55.79%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SCYR	53 Neutral	€3.27B	32.80	8.86%	5.28%	2.03%	-32.59%
OHLA	51 Neutral	€586.84M	297.92	0.29%	―	1.39%	72.34%