Sacyr SCYR.MC
Spain
€5.30 (+35.2%)
9 analysts
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Sacyr is a Spanish infrastructure and construction group with a mixed business model combining traditional construction with long-term infrastructure concessions (highways, airports), mainly in Spain and Latin America. Beyond roads and airports, it develops civil engineering, building, and water treatment projects (sanitation, desalination, and reuse), operating in over 20 countries.
Listed on Bolsa de Madrid (BME) · Symbol SCYR.MC · BME: SCYR · Currency EUR
Key points
from its scores- ✓Strong growth7.2
- ✕Fragile balance sheet2.9
- !Risks to watch5.3
- !Weak share-price trend5.5
AI analysis
bottom line, main risk, context and newsThe high dividend yield and cheap valuation do not compensate for the high leverage and geopolitical risks in its key markets.
Sacyr presents an attractive valuation (P/E 22.98, FCF yield 21.99%) and a high dividend (5.12% net), but its financial health is fragile with a net debt of 5.31x EBITDA and a payout of 87.65%. The 985.6% earnings growth is unsustainable and governance risk in Latin America is a structural drag.
High leverage (net debt of 5.31x EBITDA) combined with exposure to concessions in Latin America, where institutional and governance risk is high, could erode returns for minority shareholders.
Context and risks
Sacyr operates mainly in Spain and Latin America, with high net debt of 5.31x EBITDA and significant exposure to concessions in countries with institutional risk. The institutional quality in some Latin American markets where it operates can affect the profitability of its long-term concessions, and its high leverage amplifies interest rate risk in a restrictive ECB environment.
Is Sacyr stock cheap or expensive?
at the latest priceOn P/E and EV / EBITDA, it trades 25% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 23.1 | 25.5 | −10% |
| EV / EBITDA | 8.6 | 14.4 | −40% |
| Price / book | 3.0 | 4.0 | −24% |
| Price / sales | 0.6 | 2.1 | −69% |
Sector: median of the 388 Industrials companies analyzed. In bold, the multiples used for the comparison.
Valuation score: 6.9 out of 10 (median for Industrials: 5.1).
Average analyst target: €5.30, +35.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.9 (sector 6.4), Growth 7.2 (sector 6.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Sacyr: performance and returns
What you would have made, with dividends reinvested, against the S&P 500. In US dollars.Compound annual return (with dividends, in US dollars)
Score by category
0 to 10 · hover overtap each one to see what it measuresScore history
From Sep 1, 2026 to Oct 12, 2026: 6.0 → 5.8 ▼ 0.2 · 14 analysesKey metrics
at the latest price · compared with the Industrials medianValuation
- P/E
- 23.1
- Forward P/E
- 17.2
- EV / EBITDA
- 8.6
- Price / book
- 3.0
- Price / sales
- 0.6
- PEG
- 0.49
- Market cap
- €3.1B
- Enterprise value
- €11.2B
Profitability
- ROE
- 11.9%
- ROA
- 3.9%
- ROIC (approx.)
- 10.2%
- Gross margin
- 66.9%
- Operating margin
- 21.6%
- Net margin
- 2.7%
- Free cash flow
- €683.0M
- FCF yield
- 21.9%
- Cash conversion
- 53%
Solvency
- Total debt
- €9.2B
- Net debt
- €6.9B
- Cash
- €2.3B
- EBITDA
- €1.3B
- Net debt / EBITDA
- 5.31
- Debt / equity
- 416.9%
- Current ratio
- 1.13
- Quick ratio
- 1.06
Growth
- Revenue growth
- +12.1%
- Earnings growth
- +985.6%
- EPS (TTM)
- €0.17
- EPS (forward)
- €0.23
Dividend
- Dividend yield
- 5.1%
- Payout
- 87.6%
Risk and market
- Beta
- 0.79
- Analyst consensus
- Strong buy (9)
- Target price
- €5.30
- 52-week range
- 3.55 – 4.95
Recent news
All SCYR.MC news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Sacyr
Is Sacyr stock cheap or expensive?
On P/E and EV / EBITDA, it trades 25% below the Industrials median on average. Valuation score: 6.9 out of 10 (median for Industrials: 5.1). Average analyst target: €5.30, +35.2% versus the price. This is not investment advice.
What score does Sacyr get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,178 of 2,124 (ahead of 45% of the companies analyzed). Its strongest category is Growth (7.2) and its weakest, Financial health (2.9). Analysis of Oct 12, 2026.
What is the P/E ratio of Sacyr?
Its P/E is 23.1: the share price equals 23.1 times earnings per share over the last 12 months. The Industrials median is 25.5. Based on the earnings analysts expect, the forward P/E is 17.2.
How much is Sacyr worth on the stock market?
Its market capitalization is €3.1B and its enterprise value, debt included, is €11.2B.
How much debt does Sacyr have?
Its net debt (debt minus cash) is €6.9B. That is 5.31 times its EBITDA; the Industrials median is 1.58.
Does Sacyr pay a dividend?
Yes: its dividend yield is 5.10% and it pays out 88% of its earnings.
How has Sacyr stock performed over the last year?
It has risen 3.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between €3.55 and €4.95. Past performance does not guarantee future results.
What do analysts think of Sacyr?
9 analysts cover it; their average recommendation is “Strong buy” and their average target is €5.30 (+35.2% versus the price). It is an estimate, not market data.