Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Fomento de Construcciones y Contratas S.A. is a leading Spanish company and the parent entity of the FCC Group, specializing in environmental services, integral water management, infrastructure construction, and concessions. Formed in 1992 through the merger of Construcciones y Contratas (founded 1944) and Fomento de Obras y Construcciones (established 1900), it has evolved from a construction firm into a global provider of citizen services, with over 110 years of experience and operations in more than 25 countries. Its core activities encompass waste management and treatment, street cleaning, park maintenance, full water cycle operations via the Aqualia brand—including potable water supply and wastewater treatment—and engineering projects in civil works, buildings, tunnels, roads, railways, and industrial facilities through FCC Construcción. The group also handles cement production, real estate, and concession projects for social and transportation infrastructures, generating significant revenue from international markets in Europe, the Americas, and beyond, with environmental services as its largest segment. Headquartered in Madrid with roots in Barcelona, Fomento de Construcciones y Contratas S.A. plays a pivotal role in sustainable urban development and public infrastructure worldwide, employing over 71,000 people and contributing to improved quality of life through innovative, profitable operations.
€12.14
+€0.00 (+0.00%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 6.03%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 6.9%, steady but not accelerating.
Net debt of €2.73B represents 5.6x FCF, leverage limits flexibility.
19.6x earnings, 11.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€9.70B
▲ +6.9% YoY
Net Income (TTM)
€276M
▼ -51.6% YoY
Op. Margin
6.03%
▼ -1.7pp YoY
ROIC
4.18%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€487M
▲ +11.2% YoY
Op. Cash Flow (TTM)
€513M
▼ -30.0% YoY
Net Debt
€2.73B
Cash & Equiv.
€2.99B
3Y CAGR: +8.0%
3Y CAGR: -19.2%
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