Construcciones y Auxiliar de Ferrocarriles SA (ES:CAF)
BME:CAF
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Construcciones y Auxiliar de Ferrocarriles
(BME:CAF)
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Rating:73Outperform
Price Target:
€69.00
▲(22.99% Upside)
Action:ReiteratedDate:03/03/26
The score of 73 reflects strong technical momentum and solid profitability, balanced against concerns over cash flow generation. The stock is in a confirmed uptrend and trades at a reasonable valuation. However, the divergence between rising net income and falling free cash flow prevents a higher score, as liquidity management remains a key area to watch.
Positive Factors
Diversified business model & recurring services
CAF's combination of rolling-stock sales, signalling/telecom systems and long-term maintenance contracts creates recurring revenue and deeper client relationships. This integrated model smooths revenues across cycles and supports higher lifetime margins from after-sales and service agreements.
Negative Factors
Material 2025 revenue contraction
A sharp revenue drop of this magnitude reflects weaker order flows or project timing and signals revenue volatility in a capital-intensive business. Persistent or recurring top-line contractions would pressure margins, backlog utilization and long-term investment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model & recurring services
CAF's combination of rolling-stock sales, signalling/telecom systems and long-term maintenance contracts creates recurring revenue and deeper client relationships. This integrated model smooths revenues across cycles and supports higher lifetime margins from after-sales and service agreements.
Read all positive factors
Construcciones y Auxiliar de Ferrocarriles (CAF) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€1.91B
Dividend Yield2.28%
Average Volume (3M)33.90K
Price to Earnings (P/E)13.8
Beta (1Y)0.67
Revenue Growth6.84%
EPS Growth16.03%
CountryES
Employees16,333
SectorGeneral
Sector StrengthN/A
IndustryRailroads
Share Statistics
EPS (TTM)2.14
Shares Outstanding34,280,750
10 Day Avg. Volume26,573
30 Day Avg. Volume33,901
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)2.06
Price to Sales (P/S)0.45
P/FCF Ratio41.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€59.20Price Target Upside5.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.42
Revenue Forecast (FY)€4.85B
Construcciones y Auxiliar de Ferrocarriles Business Overview & Revenue Model
Company Description
Construcciones y Auxiliar de Ferrocarriles, S.A. designs, manufactures, and sells rolling stock and rail components worldwide. It offers high speed trains, regional trains, commuter trains, metros, LRV's and tram-trains, trams and light metros, an...
How the Company Makes Money
CAF generates revenue primarily through the sale of trains and rail vehicles, including passenger trains, metros, and trams, which are customized to meet the specific needs of clients around the world. The company also earns income from long-term ...
Construcciones y Auxiliar de Ferrocarriles Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.49B | 4.21B | 3.83B | 3.17B | 2.94B |
| Gross Profit | 851.60M | 738.48M | 631.67M | 540.82M | 553.59M |
| EBITDA | 330.20M | 338.73M | 313.90M | 249.05M | 256.94M |
| Net Income | 146.26M | 103.25M | 89.16M | 52.19M | 85.92M |
Balance Sheet | |||||
| Total Assets | 5.53B | 5.22B | 5.05B | 4.91B | 4.27B |
| Cash, Cash Equivalents and Short-Term Investments | 626.31M | 598.73M | 568.24M | 611.33M | 682.74M |
| Total Debt | 945.85M | 910.20M | 900.68M | 957.77M | 1.01B |
| Total Liabilities | 4.55B | 4.32B | 4.18B | 4.13B | 3.53B |
| Stockholders Equity | 980.54M | 882.19M | 855.24M | 775.92M | 726.66M |
Cash Flow | |||||
| Free Cash Flow | 48.63M | 98.77M | 27.19M | 33.42M | 108.96M |
| Operating Cash Flow | 162.25M | 184.83M | 106.13M | 110.97M | 153.55M |
| Investing Cash Flow | -23.30M | 97.71M | 40.64M | 27.60M | -61.23M |
| Financing Cash Flow | -107.90M | -130.32M | -177.69M | -220.75M | -127.10M |
Construcciones y Auxiliar de Ferrocarriles Technical Analysis
Neutral
56.10
Price Trends
57.83
Negative
56.70
Negative
54.03
Positive
Market Momentum
-0.98
Positive
46.16
Neutral
70.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:CAF, the sentiment is Neutral. The current price of 56.1 is below the 20-day moving average (MA) of 56.91, below the 50-day MA of 57.83, and above the 200-day MA of 54.03, indicating a neutral trend. The MACD of -0.98 indicates Positive momentum. The RSI at 46.16 is Neutral, neither overbought nor oversold. The STOCH value of 70.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:CAF.
Construcciones y Auxiliar de Ferrocarriles Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €1.91B | 13.79 | 21.55% | 2.28% | 6.84% | 16.03% | |
65 Neutral | €26.71B | 18.49 | 20.71% | 2.38% | 25.47% | 7.63% | |
62 Neutral | €39.26B | 44.79 | 69.30% | 1.42% | 5.75% | 346.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €4.93B | ― | 7.94% | 4.49% | 5.00% | -64.19% | |
51 Neutral | €579.24M | 297.92 | 0.29% | ― | 1.39% | 72.34% | |
37 Underperform | €355.90M | -3.44 | -165.56% | ― | -16.41% | -952.46% |
* General Sector Average
ES:CAF
Construcciones y Auxiliar de Ferrocarriles
55.80
16.09
40.50%
ES:ACS
Actividades de Construccion y Servicios SA
102.50
49.33
92.77%
ES:FER
Ferrovial
54.66
13.48
32.73%
ES:FCC
Fomento de Construcciones y Contratas
10.42
0.04
0.34%
ES:OHLA
Obrascon Huarte Lain
0.42
0.08
25.45%
ES:TLGO
Talgo S.A.
2.73
-0.69
-20.18%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.