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Webuild SpA
(WBD)
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Rating:56Neutral
Price Target:
€2.50
▲(17.37% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak and volatile cash generation in 2025 and thin/pressured profitability, alongside elevated leverage. Valuation is a key offset (low P/E and a mid-single-digit dividend yield), while technical signals are mixed with limited confirmation of a sustained uptrend.
Positive Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates continued project activity and execution scale. Sustained growth can support future earnings if Webuild converts its infrastructure pipeline into contracts and completes projects without further margin deterioration.
Negative Factors
Weak and Volatile Cash Conversion
The sharp cash-flow decline and sizable free-cash-flow deficit show that reported earnings are not consistently converting into cash. Working-capital demands and project investment may constrain liquidity and reduce financial flexibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates continued project activity and execution scale. Sustained growth can support future earnings if Webuild converts its infrastructure pipeline into contracts and completes projects without further margin deterioration.
Read all positive factors
Webuild SpA (WBD) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€2.23B
Dividend Yield3.64%
Average Volume (3M)2.00M
Price to Earnings (P/E)9.3
Beta (1Y)1.27
Revenue Growth2.26%
EPS Growth-1.76%
CountryIT
Employees32,732
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.24
Shares Outstanding1,017,688,400
10 Day Avg. Volume2,256,355
30 Day Avg. Volume1,996,536
Financial Highlights & Ratios
PEG Ratio0.71
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.31
Revenue Forecast (FY)€13.68B
Webuild SpA Business Overview & Revenue Model
Company Description
Webuild S.p.A. is a leading global construction firm focused on the design and execution of various infrastructure projects. The company's expertise extends across key sectors such as transportation, hydroelectric power generation, water managemen...
How the Company Makes Money
Webuild primarily makes money by executing large, long-duration construction and infrastructure contracts and recognizing revenue as project work progresses under those contracts. Its core revenue streams are: (1) Engineering and construction serv...
Webuild SpA Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
54
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.42B | 12.64B | 11.03B | 9.29B | 7.66B | 6.13B |
| Gross Profit | 2.72B | 2.88B | 3.21B | 2.68B | 2.23B | 1.69B |
| EBITDA | 351.97M | 445.91M | 281.28M | 254.08M | 239.61M | -34.16M |
| Net Income | 242.11M | 239.85M | 194.48M | 124.00M | 9.89M | -304.95M |
Balance Sheet | ||||||
| Total Assets | 18.45B | 17.83B | 18.25B | 16.16B | 12.88B | 12.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 2.45B | 3.22B | 3.06B | 1.94B | 2.38B |
| Total Debt | 3.33B | 3.07B | 2.94B | 2.61B | 2.62B | 2.65B |
| Total Liabilities | 16.55B | 16.04B | 16.30B | 14.47B | 10.94B | 10.47B |
| Stockholders Equity | 1.76B | 1.67B | 1.71B | 1.51B | 1.58B | 1.59B |
Cash Flow | ||||||
| Free Cash Flow | 262.77M | -556.86M | 290.74M | 1.45B | -246.15M | 1.01B |
| Operating Cash Flow | 929.56M | 312.49M | 1.12B | 1.89B | 26.50M | 1.21B |
| Investing Cash Flow | -838.28M | -956.86M | -886.71M | -452.87M | -242.77M | -205.71M |
| Financing Cash Flow | 86.94M | 9.42M | -93.57M | -282.74M | -243.76M | -1.08B |
Webuild SpA Technical Analysis
Negative
2.13
Price Trends
2.26
Negative
2.37
Negative
2.76
Negative
Market Momentum
>-0.01
Positive
46.58
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:WBD, the sentiment is Negative. The current price of 2.13 is below the 20-day moving average (MA) of 2.25, below the 50-day MA of 2.26, and below the 200-day MA of 2.76, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.58 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | €3.96B | 14.57 | 40.46% | 4.20% | 8.66% | 17.22% | |
63 Neutral | €8.85B | 32.80 | 11.83% | 3.86% | 1.88% | -18.47% | |
62 Neutral | €36.23B | 26.50 | 21.97% | 0.71% | 12.59% | 86.55% | |
56 Neutral | €2.23B | 9.28 | 14.74% | 3.80% | 2.26% | -1.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €4.48B | 18.93 | 17.64% | ― | -0.60% | 41.35% |
* General Sector Average
IT:WBD
Webuild SpA
2.23
-1.66
-42.66%
IT:FCT
Fincantieri S.p.A.
12.50
-5.45
-30.35%
IT:MAIRE
MaireTecnimont SpA
12.09
0.07
0.56%
IT:PRY
Prysmian SpA
124.00
49.99
67.55%
IT:TFIN
TREVI Finanziaria Industriale S.p.A.
4.65
-0.12
-2.50%
IT:SPM
Saipem SpA
4.48
2.14
91.05%
Webuild SpA Corporate Events
Webuild Publishes Updated Bylaws as Governance Framework Evolves
Jun 9, 2026
Webuild S.p.A. has filed its updated corporate bylaws with the Companies Register of Milan – Monza Brianza – Lodi, making the new governance document publicly available on its website, at its registered office and via the 1Info authori...
Webuild Updates Share Structure After Partial Exercise of Anti-Dilution Warrants
Jun 5, 2026
Webuild S.p.A. has updated the composition of its share capital and total voting rights following the partial exercise of its 2021–2030 anti-dilution warrants, resulting in the issue of 165 new ordinary shares. The overall share capital rema...
Webuild’s Lane Wins $1 Billion Ohio River Tunnel Contract in Pittsburgh
Jun 3, 2026
Lane, the U.S. subsidiary of Italy’s Webuild, has secured a USD 1 billion (€876 million) contract in joint venture with Brayman Construction to build the Ohio River Tunnel in Pittsburgh, the first major deep tunnel in the Allegheny Cou...
Webuild Publishes Shareholders’ Meeting Minutes and CEO Bond Decision
May 27, 2026
Webuild SpA has made available to the public the minutes of its ordinary shareholders’ meeting held on 29 April 2026 and a decision by its chief executive officer related to a recently communicated bond issue. The documents can be accessed o...
Webuild to Part Ways with Long-Serving Finance Chief, Ensuring Smooth Transition
May 26, 2026
Webuild SpA has reached a mutual agreement with General Manager Corporate and Finance, and officer responsible for drafting the company’s accounting documents, Massimo Ferrari, to end his employment effective September 30, 2026. The timing, ...
Webuild Ends NEOM High-Speed Rail Contract as Saudi Client Pulls Out
May 21, 2026
NEOM has exercised its contractual right to withdraw from the Connector High-Speed Line project in Sharma, Saudi Arabia, a high-speed railway along the northern Red Sea coast where Webuild had reached about 20% progress. The termination becomes ef...
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.