FER
IndustrialsFerrovial SE · Engineering & Construction · $49B
What is Ferrovial SE?
Ferrovial SE is an international infrastructure company headquartered in Amsterdam, the Netherlands. It designs, builds, finances, and operates transport infrastructure across multiple continents, with a particular focus on toll roads and airports.
Ferrovial generates revenue through four core segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company develops and manages long-duration concession assets — meaning it finances and operates infrastructure under long-term agreements with governments and public bodies. It also provides mobility services and waste management to the mining sector in Chile, and promotes renewable energy generation and transmission projects.
Ferrovial traces its roots to 1952 and operates today under its current structure from Amsterdam, the Netherlands.
- Toll road development and concession operations
- Airport development, financing, and operations
- Public and private infrastructure construction
- Power transmission and renewable energy infrastructure
Is FER a Good Stock to Buy?
UQS Score rates FER as Below Average overall, reflecting weakness across several key fundamental pillars.
Among the five pillars, Quality comes in at a Neutral rating — the relative bright spot in an otherwise challenged profile. The company's long-duration concession model provides some revenue predictability that underpins this.
Growth, Moat, and Risk all carry Weak ratings, while Valuation is flagged as Elevated — suggesting the market may already be pricing in optimistic assumptions relative to current fundamentals.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does FER pay dividends?
Yes — Ferrovial SE pays a dividend.
Ferrovial pays a regular dividend, which is consistent with the capital-intensive, long-cycle nature of infrastructure concession businesses. Companies in this space often return cash to shareholders as concession assets mature and generate predictable cash flows. Investors seeking income from the industrials sector may find the dividend cadence relevant to their screening.
When does FER report earnings?
Ferrovial SE reports earnings on a regular cadence, consistent with internationally listed infrastructure companies.
Given the Weak Growth and Risk pillar ratings, recent reporting periods reflect the pressures typical of large-scale infrastructure operators — including project execution complexity, financing costs, and concession-stage variability. Revenue visibility from long-term contracts provides some stability, but near-term growth has not been a standout.
For the most recent quarter's results and upcoming reporting dates, visit Ferrovial's official investor relations page.
FER Price History
+164.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ferrovial SE?
Based on Ferrovial SE's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
FER Long-term Outlook
Ferrovial's fundamental outlook is shaped by its Weak Growth and Weak Risk pillar ratings. While the concession model offers long-term revenue visibility, near-term growth catalysts appear limited relative to sector peers. The Elevated Valuation label adds another layer of caution — the stock does not appear to offer a margin of safety at current pricing given the underlying growth and risk profile.
Growth drivers
- Maturation of existing toll road and airport concessions generating more stable cash flows
- Expansion into renewable energy transmission as governments increase infrastructure spending
- Long-term public-private partnership pipeline in North America and Europe
Key risks
- Elevated valuation relative to weak near-term growth fundamentals
- Execution and financing risk across large, multi-year construction projects
- Regulatory and political risk inherent in government concession agreements across multiple jurisdictions
FER vs Peers
Ferrovial operates in a broad industrials and infrastructure space alongside several large engineering and services firms.
Comfort Systems focuses on mechanical, electrical, and plumbing services for buildings rather than large-scale transport infrastructure concessions.
EMCOR is a leading electrical and mechanical construction firm with a strong US presence, operating primarily on a project-contract basis rather than long-term concessions.
WSP Global is a professional engineering and advisory firm, providing consultancy services across infrastructure — a lighter-asset model compared to Ferrovial's concession-heavy approach.
Frequently Asked Questions
What does Ferrovial do?
Ferrovial SE designs, builds, finances, and operates transport infrastructure — primarily toll roads and airports — under long-term concession agreements with governments. It also constructs public and private works, develops renewable energy infrastructure, and provides mobility and waste management services in Chile.
Does FER pay dividends?
Yes, Ferrovial pays a regular dividend. This is common among mature infrastructure concession companies, which tend to return cash to shareholders as long-duration assets generate more predictable cash flows over time. For current dividend details, check Ferrovial's investor relations page.
When does FER report earnings?
Ferrovial reports on a regular cadence typical of internationally listed infrastructure companies. Our data source does not cover specific upcoming earnings dates. For the most current schedule, refer to Ferrovial's official investor relations page.
Is FER a good stock to buy?
UQS Score rates FER as Below Average, with Weak ratings on Growth, Moat, and Risk, and an Elevated Valuation. This profile suggests meaningful fundamental headwinds relative to peers. The full pillar breakdown is available to Pro members and provides a more detailed view.
Is FER overvalued?
The UQS Valuation pillar for FER is rated Elevated, meaning the current market price appears high relative to the company's underlying fundamental profile — particularly given the Weak Growth and Risk ratings. This does not constitute a sell signal, but it is a factor worth examining carefully.
How does FER compare to its competitors?
Compared to peers like EMCOR and Comfort Systems USA, Ferrovial operates a more capital-intensive, concession-driven model with longer asset lifecycles. WSP Global takes a lighter-asset advisory approach. Each model carries different risk and return characteristics. The UQS platform scores each ticker independently for direct comparison.
What is FER's market cap bracket?
Ferrovial SE is classified as a large-cap company, reflecting its scale as a multinational infrastructure operator with assets and operations across multiple continents.
Who founded Ferrovial?
Ferrovial was originally founded in 1952. The company's founding history and leadership background are widely documented in its corporate materials and public filings, which are available through Ferrovial's investor relations and corporate website.
Is FER a long-term quality investment?
As a long-term quality indicator, FER's UQS profile is Below Average. The Neutral Quality rating offers some support, but Weak Moat and Growth ratings suggest the business has not demonstrated durable competitive advantages or consistent expansion. Long-term investors should weigh these factors carefully alongside the Elevated Valuation.
What sector does FER belong to?
Ferrovial SE is classified in the Industrials sector, specifically within infrastructure development and concession operations. It spans construction, toll roads, airports, and energy infrastructure — making it a diversified infrastructure operator rather than a pure-play in any single sub-industry.
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Pro Analysis
FER — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 34.4 | 56.9 | 32.0 | 29.4 | 13.7 | 28.0 | -0.1 |
| May 21, 2026 | 34.5 | 57.0 | 32.0 | 29.9 | 13.7 | 28.4 | -0.2 |
| May 15, 2026 | 34.7 | 56.8 | 32.0 | 30.8 | 13.7 | 28.2 | -0.2 |
| May 14, 2026 | 34.9 | 57.0 | 32.0 | 32.0 | 13.7 | 28.4 | +0.3 |
| May 12, 2026 | 34.6 | 56.8 | 32.0 | 30.8 | 13.7 | 27.5 | -1.2 |
| May 9, 2026 | 35.8 | 48.1 | 32.0 | 48.0 | 13.7 | 27.3 | +1.3 |
| May 7, 2026 | 34.5 | 56.9 | 32.0 | 30.8 | 13.7 | 26.9 | -0.1 |
| May 4, 2026 | 34.6 | 56.9 | 32.0 | 30.8 | 13.7 | 27.9 | +0.1 |
| May 1, 2026 | 34.5 | 56.9 | 32.0 | 30.4 | 13.7 | 27.9 | +0.1 |
| Apr 26, 2026 | 34.4 | 56.9 | 32.0 | 29.6 | 13.7 | 27.9 | +0.1 |
FER — Pillar Breakdown
Quality
— 56.9/100 (25%)Ferrovial SE shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 29.3/100 (20%)Ferrovial SE faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 13.7/100 (15%)Ferrovial SE presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 28.4/100 (15%)Ferrovial SE appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)Ferrovial SE operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FER.
Score Composition
Financial Data
More Stock Analysis
How is the FER UQS Score Calculated?
The UQS (Unified Quality Score) for Ferrovial SE is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ferrovial SE's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ferrovial SE is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.