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ACS, Actividades de Construcción y Servicios, S.A. ACS.MC

ES · Bolsa de Madrid · XMAD · stock · Industrials · website

ACS, Actividades de Construcción y Servicios, S.A. statistics & valuation

Market cap€29.1B
P / E30.6×
P / S0.6×
P / B6.0×
P / FCF12.6×
Net margin1.9%
FCF margin4.6%
Net debt€3.2B
Enterprise value USD$37.3B
Earnings yield EBIT/EV4.5%
Return on capital7.3%
Graham number -65%€38.50

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€38.50); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.00% 2.20% 2.00% 1.90% 2022202320242025
Gross margin (%)
30.50% 31.60% 32.10% 31.30% 2022202320242025
Operating margin (%)
0.80% 2.30% 2.00% 2.90% 2022202320242025
Return on equity (%)
12.00% 14.60% 17.60% 19.70% 2022202320242025
Shares outstanding
264.6M 264.6M 264.6M 264.6M 2022202320242025
Net debt (€)
€1.58B €1.30B €2.79B €3.23B 2022202320242025
Share buybacks (€)
€2.29B €1.08B €625.3M €66.3M 2022202320242025
Return on assets (%)
1.80% 2.10% 2.00% 2.10% 2022202320242025
Free cash flow margin (%)
4.30% 2.80% 5.10% 4.60% 2022202320242025
Debt / equity (×)
1.98× 1.95× 3.01× 3.18× 2022202320242025
EPS (€)
€2.24 €2.83 €3.05 €3.62 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ACS, Actividades de Construcción y Servicios, S.A. trades at about 30.4× earnings — above its 10-year norm (10-year range 12.2×–26.2×, median 16.2×).

12.2× 30.4×

Shaded band = 10-year range (12.2×–26.2×); dot = today's 30.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin31.3%32.1%31.6%30.5%
Operating margin2.9%2.0%2.3%0.8%
Net margin1.9%2.0%2.2%2.0%
FCF margin4.6%5.1%2.8%4.3%
Return on assets2.1%2.0%2.1%1.8%
Return on equity19.7%17.6%14.6%12.0%
Debt / equity2.37×2.19×1.54×1.59×
Current ratio1.161.171.201.28

Computed from company filings · ES · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.