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⚠️ Not investment advice. Past performance does not guarantee future results.
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ACS ACS.MC

Spain Industrials
6.5/10
AI Analyst score
92.05 EUR
Last price at analysis date · analyst target 134.71 (+46.3%)
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🟡 HOLD — Hold; valuation is reasonable and the balance sheet is solid, but the low operating margin limits the appeal.

ACS is a global construction and infrastructure services group, with presence in civil engineering, building, and concessions, operating in multiple international markets. ACS shows solid financial health with very low net debt (0.20x EBITDA) and an attractive dividend yield of 2.52%, although its operating margin is tight (3.65%).

Financial health
5.4
Quality / Moat
6.2
Valuation
6.6
Growth
6.4
Dividend
6.9
Momentum
8.9
Risk & Context
6.7

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E24.16
Fwd P/E18.58
EV/EBITDA11.05
P/B4.05
P/S0.46
PEG1.08
Market cap24.01 B EUR
Enterprise value25.67 B EUR
🏰 Quality and moat
ROIC (approx.)8.5%
Gross margin30.72%
FCF conversion128%
Operating margin3.65%
📈 Profitability and margins
ROE24.08%
ROA2.32%
Net margin1.95%
FCF2.97 B EUR
FCF yield12.39%
🏦 Solvency and liquidity
Total debt16.30 B EUR
Net debt466.9 M EUR
Cash15.83 B EUR
EBITDA2.32 B EUR
Net debt / EBITDA0.20
D/E256.78
Current ratio1.25
Quick ratio1.12
🚀 Growth
Revenue growth12.20%
Earnings growth5.00%
EPS (TTM)3.81 EUR
EPS (Fwd)4.95 EUR
💰 Dividend and risk
Dividend yield2.52%
Payout61.0%
Beta0.60
Analyst consensusBuy (16)
Target price134.71 EUR
52-week range66.50 EUR – 141.20 EUR
⚠️ Main risk: The operating margin of only 3.65% is the biggest risk, as any cost pressure or price competition could quickly erode profitability.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

ACS is a global construction and infrastructure services group, with presence in civil engineering, building, and concessions, operating in multiple international markets. ACS shows solid financial health with very low net debt (0.20x EBITDA) and an attractive dividend yield of 2.52%, although its operating margin is tight (3.65%).

Score by category

CategoryScore
Financial health5.4
Quality / Moat6.2
Valuation6.6
Growth6.4
Dividend6.9
Momentum8.9
Risk & Context6.7

OVERALL SCORE: 6.5/10

Context and risks

Elevated governance risk in Spain, which may affect minority shareholder protection. However, ACS has a diversified international business and does not depend dominantly on Spanish government subsidies or concessions, so the penalty is moderated.

News considered in the analysis

  • Top European Growth Companies With High Insider Ownership June 2026 — Listado genérico de crecimiento europeo sin información específica sobre ACS.
  • European Growth Companies With High Insider Ownership May 2026 — Listado genérico de crecimiento europeo sin información específica sobre ACS.
  • European Growth Stocks With Strong Insider Commitment — Listado genérico de crecimiento europeo sin información específica sobre ACS.
  • European Stocks That May Be Trading Below Their Estimated Value — Listado genérico de valoración sin información específica sobre ACS.
  • European Growth Companies With High Insider Ownership In January 2026 — Listado genérico de crecimiento europeo sin información específica sobre ACS.

Verdict: Hold; valuation is reasonable and the balance sheet is solid, but the low operating margin limits the appeal.

Main risk: The operating margin of only 3.65% is the biggest risk, as any cost pressure or price competition could quickly erode profitability.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.