Webuild SpA (IT:WBD)
:WBD
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Webuild SpA
(WBD)
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Rating:50Neutral
Price Target:
€2.50
▼(-7.41% Downside)
Action:DowngradedDate:04/11/26
The score is held back primarily by volatile and recently weak cash generation (2025 negative free cash flow) alongside thin/weakening profitability and elevated leverage. Technicals also lean bearish with the stock below key moving averages and negative MACD. A reasonable P/E and ~3% dividend provide some support but are not enough to outweigh the financial and trend risks.
Positive Factors
Revenue Growth & Scale
Sustained revenue expansion across 2022–2025 reflects continued project wins and execution scale in large infrastructure works. Durable top-line growth supports backlog visibility, spreads fixed costs over larger activity, and underpins long-term contractual revenue streams.
Negative Factors
Weak Cash Generation
Material FCF deterioration and a sharp drop in operating cash reflect working-capital strain and project-stage cash absorption. Persistent cash volatility constrains liquidity, raises refinancing needs, and limits reinvestment or dividend flexibility across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Scale
Sustained revenue expansion across 2022–2025 reflects continued project wins and execution scale in large infrastructure works. Durable top-line growth supports backlog visibility, spreads fixed costs over larger activity, and underpins long-term contractual revenue streams.
Read all positive factors
Webuild SpA (WBD) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€2.53B
Dividend Yield2.32%
Average Volume (3M)2.00M
Price to Earnings (P/E)14.0
Beta (1Y)1.25
Revenue Growth14.59%
EPS Growth23.80%
CountryIT
Employees43,430
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.13
Shares Outstanding1,019,303,800
10 Day Avg. Volume2,256,355
30 Day Avg. Volume1,996,536
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)2.01
Price to Sales (P/S)0.27
P/FCF Ratio-6.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.40Price Target Upside25.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.34
Revenue Forecast (FY)€13.70B
Webuild SpA Business Overview & Revenue Model
Company Description
Webuild S.p.A. operates in construction businesses worldwide. The company designs and builds works and infrastructure for the mobility, hydroelectric energy, water, green buildings, and tunnelling sectors. It also undertakes the construction of ai...
How the Company Makes Money
Webuild primarily makes money by winning and executing large infrastructure contracts and recognizing revenue as project milestones are delivered under long-term construction agreements. Its main revenue stream is the value of works performed on c...
Webuild SpA Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
54
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.64B | 11.03B | 9.29B | 7.66B | 6.13B |
| Gross Profit | 2.88B | 3.21B | 2.68B | 2.23B | 1.69B |
| EBITDA | 445.91M | 281.28M | 254.08M | 239.61M | -34.16M |
| Net Income | 239.85M | 194.48M | 124.00M | 9.89M | -304.95M |
Balance Sheet | |||||
| Total Assets | 17.83B | 18.25B | 16.16B | 12.88B | 12.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.45B | 3.22B | 3.06B | 1.94B | 2.38B |
| Total Debt | 3.07B | 2.94B | 2.61B | 2.62B | 2.65B |
| Total Liabilities | 16.04B | 16.30B | 14.47B | 10.94B | 10.47B |
| Stockholders Equity | 1.67B | 1.71B | 1.51B | 1.58B | 1.59B |
Cash Flow | |||||
| Free Cash Flow | -556.86M | 290.74M | 1.45B | -246.15M | 1.01B |
| Operating Cash Flow | 312.49M | 1.12B | 1.89B | 26.50M | 1.21B |
| Investing Cash Flow | -956.86M | -886.71M | -452.87M | -242.77M | -205.71M |
| Financing Cash Flow | 9.42M | -93.57M | -282.74M | -243.76M | -1.08B |
Webuild SpA Technical Analysis
Neutral
2.70
Price Trends
2.88
Negative
3.16
Negative
3.42
Negative
Market Momentum
-0.05
Negative
55.52
Neutral
77.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:WBD, the sentiment is Neutral. The current price of 2.7 is above the 20-day moving average (MA) of 2.43, below the 50-day MA of 2.88, and below the 200-day MA of 3.42, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 55.52 is Neutral, neither overbought nor oversold. The STOCH value of 77.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:WBD.
Webuild SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €35.66B | 20.00 | 22.15% | 0.93% | 15.41% | 70.46% | |
66 Neutral | €8.94B | 15.58 | 13.05% | 6.99% | 6.52% | 1.86% | |
59 Neutral | €5.41B | 16.35 | 42.37% | 2.73% | 18.71% | 31.23% | |
56 Neutral | €4.21B | 46.08 | 14.30% | ― | 12.19% | 177.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | €2.53B | 14.02 | 15.02% | 2.32% | 14.59% | 23.80% |
* General Sector Average
IT:WBD
Webuild SpA
2.52
-0.59
-19.04%
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IT:MAIRE
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7.38
80.78%
IT:PRY
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124.35
76.76
161.32%
IT:TFIN
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IT:SPM
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4.53
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135.85%
Webuild SpA Corporate Events
Webuild’s Lane Wins $582 Million Contract to Expand Florida’s I‑4 Corridor
Apr 9, 2026
Webuild’s U.S. subsidiary Lane has secured a $582 million contract to design and build a key segment of Florida’s Interstate‑4 modernization, upgrading a 5‑kilometer stretch where I‑4 meets State Road 429, one of Cent...
Webuild Reports March 2026 Share Purchases on Italian Market
Apr 8, 2026
Webuild disclosed a series of share purchase transactions in its own stock executed on the Italian market by Intermonte SIM S.p.A. during March 2026. The trades, all on the EXM segment in Milan, involved multiple daily purchases at varying prices ...
Webuild Publishes Shareholder Lists for New Statutory Auditors
Apr 7, 2026
Webuild S.p.A., an Italian-based global infrastructure group focused on sustainable transport, energy and water projects, operates in around 50 countries and has built an extensive portfolio of railways, metro systems, roads, bridges and dams over...
Webuild Publishes 2025 Annual Report and Governance Documents Ahead of Shareholders’ Meeting
Apr 3, 2026
Webuild has made available its Annual Financial Report for the year ended 31 December 2025, prepared in the European Single Electronic Format and in PDF, including separate and consolidated financial statements, the management report with the Cons...
Webuild’s Clough Wins €116 Million Kwinana Gas Power Plant Contract in Australia
Mar 31, 2026
Webuild’s Australian subsidiary Clough has secured a €116 million contract to design and build the 220 MW Kwinana Gas Power Generation 2 open-cycle gas turbine plant for AGL Energy, about 40 kilometres south of Perth. Located next to a...
Webuild Wins €111 Million Contract to Upgrade Napoli Est Wastewater Plant
Mar 26, 2026
Webuild’s subsidiary Fisia Italimpianti has secured, in consortium with Spain’s Acciona, a €111 million contract to upgrade the Napoli Est wastewater treatment plant, enhancing service for roughly 860,000 residents across 14 muni...
Webuild Says NEOM Cancels €2.8 Billion Trojena Contract but Backlog Stays Above €50 Billion
Mar 25, 2026
Webuild has disclosed that NEOM has exercised its right to withdraw from the Trojena contract in Saudi Arabia, which covered the construction of three dams to supply a freshwater lake and the architectural structure known as The Bow. The withdrawa...
Webuild Expands Treasury Stock with Latest €567,000 Share Buy-Back
Mar 23, 2026
Webuild has continued its share buy-back programme, repurchasing 240,000 ordinary shares between March 16 and 20, 2026 for a total consideration of €567,305.47, equal to 0.02% of its ordinary share capital and 0.64% of total trading volume i...
Webuild wins €117 million smart bypass contract in Piedmont
Mar 20, 2026
Webuild, through its subsidiary Cossi Costruzioni, has secured a €117 million contract from ANAS to build the new Mondovì bypass on the SS28 in Piedmont, aimed at easing congestion and improving links between the A6 Torino–Savona ...
Webuild Calls 2026 Shareholders’ Meeting on Governance, Dividend and Buyback
Mar 19, 2026
Webuild has convened its ordinary shareholders’ meeting for 29 April 2026, to be held exclusively via a designated representative, to vote on a new director appointment, approval of the 2025 separate financial statements, dividend distributi...
Webuild Expands Treasury Stake with New €3.2 Million Share Buyback
Mar 16, 2026
Webuild has stepped up its share buyback activity, purchasing 1,230,000 ordinary shares between 9 and 13 March 2026 for about €3.2 million, equal to 0.12% of its ordinary share capital and just over 3% of trading volumes in that period. Foll...
Webuild General Manager Increases Stake With 100,000-Share Purchase
Mar 16, 2026
Webuild disclosed that its General Manager, Massimo Ferrari, classified as a relevant person under market rules, executed a series of on-market purchases of the company’s ordinary shares. The transactions, carried out on Borsa Italiana, invo...
Webuild CEO Salini Buys 100,000 Shares in Insider Deal
Mar 16, 2026
Webuild Chief Executive Officer Pietro Salini has increased his stake in the company by purchasing 100,000 ordinary shares on Borsa Italiana. The transactions, executed on 13 March 2026 at an average price of €2.6234 per share, signal contin...
Webuild Beats 2023–2025 Plan Targets and Maintains Record Momentum Into 2026
Mar 12, 2026
Webuild closed 2025 with strong growth, reporting revenues of €13.6 billion, EBITDA of €1.16 billion, and net profit of €280 million, all above guidance and up double digits versus 2024. More than 65% of revenue was generated out...
Webuild Discloses February Share Purchases Executed by Intermonte SIM
Mar 10, 2026
Webuild SpA disclosed share purchase transactions executed by Intermonte SIM on its behalf on the Italian EXM market in February 2026, involving a total of 70,602 Webuild shares. The trades, carried out on 17 and 26 February at average weighted pr...
Webuild Updates Total Voting Rights After Loyalty Share Increase
Mar 6, 2026
Webuild S.p.A. has disclosed an updated count of its share capital and exercisable voting rights following an increase in voting rights tied to 1,368,105 ordinary shares in February 2026. The total number of voting rights at the shareholders’...
Webuild Increases Treasury Stock with Latest €165,000 Share Buyback
Mar 2, 2026
Webuild has continued executing its share buyback programme, acquiring 50,000 ordinary shares between 23 and 27 February 2026 for a total of €164,788.50, equal to 0.005% of its ordinary share capital and 0.59% of trading volumes in the perio...
Webuild Expands Treasury Stock with New €68,000 Share Buyback Tranche
Feb 23, 2026
Webuild has continued its share buyback programme, acquiring 20,602 ordinary shares between 16 and 20 February 2026 for a total consideration of €68,648.79, equal to 0.002% of its ordinary share capital and 0.21% of trading volumes in that p...
Webuild Publishes Updated By-Laws to Reinforce Governance Transparency
Feb 10, 2026
Webuild S.p.A. has made its newly updated corporate By-Laws publicly available after their registration with the Milan–Monza Brianza–Lodi Companies Register on 10 February 2026. The document can be accessed through the company’s ...
Webuild Discloses Market Purchase of 500,000 Own Shares
Feb 9, 2026
Webuild disclosed a transaction in its own shares involving Intermonte SIM S.p.A., an Italian brokerage firm acting as the counterparty in the market. The filing confirms that Webuild’s ordinary shares, listed on the Italian EXM market, were...
Webuild Updates Share Capital Structure After Partial Warrant Exercise
Feb 6, 2026
Webuild S.p.A. has updated the structure of its share capital and total voting rights as of 31 January 2026, following the partial exercise of the “Warrant Webuild S.p.A. 2021–2030,” which led to the issue of 5,440 new ordinary s...
Webuild Wins €531 Million Contract for Strategic SS106 Jonica Road in Calabria
Jan 30, 2026
Webuild has secured a €531 million contract to build Lot 1 of the SS106 Jonica state road in Calabria, adding around 17 kilometres of new, technologically advanced infrastructure that includes 15 viaducts, three overpasses, and a double-tube...
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.