OHLA OHLA.MC
SpainIndustrials · Engineering & ConstructionBolsa de Madrid (BME) · EUR
0.63 EUR (+76.3%)
3 analysts
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OHLA is a Spanish construction and concessions company dedicated to civil engineering, building, and infrastructure management, with presence in Europe, Latin America, and other international markets.
Listed on Bolsa de Madrid (BME) · Symbol OHLA.MC · BME: OHLA · Currency EUR
Key points
from its scores- ✕Poor share-price trend1.4
- ✕Little or no dividend1.5
- ✕Unfavourable risk and backdrop3.9
AI analysis
bottom line, main risk, context and newsThe cheap valuation and net cash provide support, but low profitability and negative momentum limit short-term appeal.
OHLA shows a sound financial health with net cash (Net Debt/EBITDA -0.33) and an attractive valuation by EV/EBITDA (2.43) and FCF yield (18.34%), but its profitability is weak (ROE 7.21%, operating margin 3.21%) and momentum is very negative (-23.40%), reflecting market distrust.
The main risk is exposure to emerging markets with weak governance and currency volatility, which can erode already thin margins and affect project execution.
Context and risks
OHLA operates mainly in Spain and Latin America, with exposure to emerging markets where governance and legal stability are weak. The high debt-to-equity ratio (83.64%) and low operating margin (3.21%) amplify vulnerability to regulatory changes and currency volatility in its key markets.
Is OHLA stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 22% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 35.6 | 25.4 | +40% |
| EV / EBITDA | 2.4 | 14.5 | −83% |
| Price / book | 0.8 | 4.1 | −81% |
| Price / sales | 0.1 | 2.1 | −93% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 0.63 EUR, +76.3% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.4 (sector 6.4), Growth 6.2 (sector 6.6).
Classic formulas with standard assumptions (0.0% 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.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 35.6
- Forward P/E
- 35.6
- EV / EBITDA
- 2.4
- Price / book
- 0.8
- Price / sales
- 0.1
- PEG
- 0.51
- Market cap
- 492.7M EUR
- Enterprise value
- 455.5M EUR
Profitability
- ROE
- 7.2%
- ROA
- 2.5%
- ROIC (approx.)
- 9.7%
- Gross margin
- 42.8%
- Operating margin
- 3.2%
- Net margin
- 0.9%
- Free cash flow
- 90.4M EUR
- FCF yield
- 18.3%
- Cash conversion
- 48%
Solvency
- Total debt
- 542.9M EUR
- Net debt
- −62.1M EUR
- Cash
- 605.0M EUR
- EBITDA
- 187.6M EUR
- Net debt / EBITDA
- −0.33
- Debt / equity
- 83.64
- Current ratio
- 1.27
- Quick ratio
- 1.01
Growth
- Revenue growth
- +7.5%
- EPS (TTM)
- 0.01 EUR
- EPS (forward)
- 0.01 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.07
- Analyst consensus
- none (3)
- Target price
- 0.63 EUR
- 52-week range
- 0.34 – 0.53
Recent news
All OHLA.MC news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about OHLA
Is OHLA stock cheap or expensive?
On P/E and EV / EBITDA, it trades 22% below the Industrials median on average. Valuation score: 6.3 out of 10 (median for Industrials: 5.0). Average analyst target: 0.63 EUR, +76.3% versus the price. This is not investment advice.
What score does OHLA get on MeridIAn Screener?
It scores 4.9 out of 10, rank 1,759 of 2,130 (better than 17% of the companies analysed). Its strongest category is Financial health (6.4) and its weakest, Momentum (1.4). Analysis of 08/10/2026.
What is OHLA's P/E ratio?
Its P/E is 35.6: the share price equals 35.6 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 35.6.
How much is OHLA worth on the stock market?
Its market capitalisation is 492.7M EUR and its enterprise value, debt included, is 455.5M EUR.
How much debt does OHLA have?
It has more cash than debt: net cash of 62.1M EUR.
Does OHLA pay a dividend?
It pays no dividend, or almost none.
How has OHLA stock performed over the last year?
It has fallen 23.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.34 and 0.53 EUR. Past performance does not guarantee future results.
What do analysts think of OHLA?
3 analysts cover it; their average recommendation is “none” and their average target is 0.63 EUR (+76.3% versus the price). It is an estimate, not market data.