Sacyr SA (ES:SCYR)
BME:SCYR
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Sacyr SA
(BME:SCYR)
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Rating:53Neutral
Price Target:
€4.50
▼(-6.44% Downside)
Action:Reiterated
Date:03/06/26
The score is primarily constrained by elevated balance-sheet leverage and recent revenue weakness despite solid operating margins and strong cash generation. Technicals are neutral-to-mixed, offering limited directional conviction, and valuation is a headwind due to a high P/E with only a modest dividend yield.
Positive Factors
Concession-based recurring cash flows
Sacyr's core business includes long-term concessions (tolls, availability/PPP) that generate multi-year, contractually-backed cash flows. These recurring payments provide revenue visibility, reduce cyclicality from project work, and support long-duration financing and asset-level returns over years.
Negative Factors
Very high leverage
Extremely high debt-to-equity leaves Sacyr exposed to refinancing and interest-rate risk and limits financial flexibility. Heavy leverage constrains capital allocation, magnifies earnings shocks, and raises the importance of continued strong cash generation for debt servicing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Concession-based recurring cash flows
Sacyr's core business includes long-term concessions (tolls, availability/PPP) that generate multi-year, contractually-backed cash flows. These recurring payments provide revenue visibility, reduce cyclicality from project work, and support long-duration financing and asset-level returns over years.
Read all positive factors
Sacyr SA (SCYR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.60B
Dividend Yield5.28%
Average Volume (3M)2.32M
Price to Earnings (P/E)22.4
Beta (1Y)1.00
Revenue Growth1.75%
EPS Growth-19.54%
CountryES
Employees15,121
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.11
Shares Outstanding805,780,150
10 Day Avg. Volume2,779,551
30 Day Avg. Volume2,319,344
Financial Highlights & Ratios
PEG Ratio-1.35
Price to Book (P/B)2.96
Price to Sales (P/S)0.66
P/FCF Ratio2.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.20Price Target Upside8.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.23
Revenue Forecast (FY)€4.83B
Sacyr SA Business Overview & Revenue Model
Company Description
Sacyr, S.A. engages in the construction and infrastructure concession services businesses worldwide. The company operates through Concessions, Engineering and Infrastructure, and Services divisions. It offers various construction services comprisi...
How the Company Makes Money
Sacyr primarily makes money through a combination of long-term infrastructure concessions and project-based construction activity. (1) Concessions: Through concession companies and PPP/availability structures, Sacyr invests in or co-develops infra...
Sacyr SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
34
Negative
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.69B | 4.66B | 4.57B | 4.61B | 4.98B | 4.68B |
| Gross Profit | 941.69M | 758.34M | 3.12B | 3.23B | 4.08B | 3.07B |
| EBITDA | 1.25B | 1.27B | 1.33B | 1.43B | 1.18B | 410.34M |
| Net Income | 92.13M | 85.79M | 113.37M | 153.22M | 110.52M | -189.18M |
Balance Sheet | ||||||
| Total Assets | 17.95B | 17.57B | 17.97B | 17.31B | 17.56B | 14.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 2.06B | 1.70B | 1.77B | 1.80B | 1.95B |
| Total Debt | 8.99B | 8.58B | 8.76B | 8.69B | 9.89B | 7.94B |
| Total Liabilities | 15.90B | 15.37B | 15.91B | 15.56B | 16.20B | 14.02B |
| Stockholders Equity | 906.76M | 1.04B | 1.01B | 795.76M | 535.66M | 409.37M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.10B | 961.34M | 624.31M | 135.40M | 427.98M |
| Operating Cash Flow | 0.00 | 1.36B | 1.29B | 847.59M | 737.75M | 629.04M |
| Investing Cash Flow | 0.00 | -602.93M | -746.23M | -339.58M | -1.48B | -970.85M |
| Financing Cash Flow | 0.00 | -392.59M | -519.72M | -541.79M | 854.26M | 690.71M |
Sacyr SA Technical Analysis
Positive
4.81
Price Trends
4.49
Positive
4.31
Positive
4.00
Positive
Market Momentum
<0.01
Positive
47.06
Neutral
18.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:SCYR, the sentiment is Positive. The current price of 4.81 is above the 20-day moving average (MA) of 4.67, above the 50-day MA of 4.49, and above the 200-day MA of 4.00, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 18.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:SCYR.
Sacyr SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €3.40B | 8.55 | -3.10% | 13.00% | 15.15% | ― | |
65 Neutral | €33.60B | 29.44 | 20.71% | 2.38% | 19.73% | 14.15% | |
62 Neutral | €41.53B | 28.65 | 15.04% | 1.42% | 5.25% | -72.42% | |
60 Neutral | €13.64B | ― | 18.00% | 2.87% | 5.45% | 90.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €5.47B | ― | 5.36% | 4.49% | 6.93% | -64.18% | |
53 Neutral | €3.60B | 22.38 | 9.97% | 5.28% | 1.75% | -19.54% |
* General Sector Average
ES:SCYR
Sacyr SA
4.56
1.10
31.94%
ES:ANA
Acciona
249.60
117.65
89.16%
ES:ACS
Actividades de Construccion y Servicios SA
126.30
67.77
115.78%
ES:ENO
Elecnor
40.10
21.19
112.10%
ES:FER
Ferrovial
57.82
12.22
26.81%
ES:FCC
Fomento de Construcciones y Contratas
11.56
-0.64
-5.27%
Sacyr SA Corporate Events
Sacyr Calls Fully Telematic 2026 AGM to Approve 2025 Results and Dividend
Apr 30, 2026
Sacyr, S.A. has convened its Ordinary General Shareholders’ Meeting to be held exclusively by telematic means, without physical attendance, on 3 June 2026 on first call and, if necessary, on 4 June 2026 on second call, when it is expected to...
Sacyr Reports First-Quarter 2026 Activity Under Share Liquidity Contract
Apr 8, 2026
Sacyr has reported to the Spanish securities regulator the quarterly activity under its share liquidity contract for the period from 2 January to 31 March 2026, in line with local market regulations on such arrangements. Over the quarter, the comp...
Sacyr Publishes Unaudited 2025 Results Under IFRS Framework
Feb 27, 2026
Sacyr SA has released unaudited financial results for 2025, prepared under International Financial Reporting Standards and accompanied by alternative performance measures intended to enhance comparability and understanding of the figures. The comp...
Sacyr Strengthens Corporate Governance With New Board Rules
Feb 19, 2026
Sacyr has formalized detailed Rules of its Board of Directors as part of its broader corporate governance system, defining the board’s principles of action, internal organization and conduct standards for directors. The Rules must align with...
Sacyr Sets February 2026 Dates for FY 2025 Results Release and Webcast
Feb 19, 2026
Sacyr, S.A. has scheduled the release of its 2025 annual results for February 26, 2026, after market close, with publication on the Spanish regulator’s platform and the company’s website. The group will present these figures via a live...
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.