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Sacyr SA (SCYR) Fair Value & Analysis

Industrials · ES · Market cap €3.8B · ISIN ES0182870214

What is Sacyr SA really worth?

SS Sacyr SA SCYR · MC
Price€4.31
Fair Value€2.25
Upside−47.8%
Quality37/100

Below-average quality, and trading another 91% above our fair value of €2.25.

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Risks

!Weak Growth (revenue 5y +0.5 %/yr)
!Thin margins · 2.1% net margin
!High debt · generates free cash flow
!Mixed vs. peers (6/15)
!Moderate moat 47/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 27 out of 100

For context

·3.46% dividend yield
Evidence: Medium Range €1.69 – €2.82

Fair value as of: Aug 20, 2026

From 24 valuation models · updated 16 days ago

Share price −7.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€2.82). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

€4.92 €1.62 Fair Value €2.25 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range €1.62 – €4.92 · fair‑value band €1.69 – €2.82 · the €4.31 price screens above the €2.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Sacyr SA (SCYR) currently trades at €4.31, while our model-based Fair Value estimate is €2.25, implying the stock looks roughly 91.4% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of €6.81 per share, and 11 of the 23 models we run sit above the €4.31 price. Bear case: the Dividend Discount group reads lowest at €0.6700, and 12 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Sacyr SA generated revenue of €4.7B at a net margin of 2.1%. Revenue grew 5.4% year over year. It earns a return on equity of 11.3%. Net debt stands at €6.6B. Fundamentals as of Aug 20, 2026

Our scenario range runs from €1.69 (bear case) to €2.82 (bull case); at €4.31, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 13% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −48%, SCYR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €6.31 €11.56 €18.59 78
Growth DCF €6.71 €11.64 €17.99 77
Residual Income €1.08 €1.16 €1.29 76
All 24 models by family
DCF Models
FCF DCF €6.31 €11.56 €18.59 78
5Y Revenue Exit €2.05 €5.62 €9.88 69
5Y EBITDA Exit €6.17 €12.84 €20.14 73
5Y P/E Exit €0.7800 68
10Y Revenue Exit €3.40 €6.81 €10.75 65
10Y EBITDA Exit €6.10 €11.53 €17.95 67
10Y P/E Exit €1.58 €2.99 €4.37 63
Earnings-Based
Graham-Dodd €0.7300 €1.54 €1.95 66
PEG = 1.0 €0.2300 €0.3300 €0.4300 57
EPV €2.96 €4.60 €6.01 72
Dividend Discount
Gordon GGM €0.4800 €0.7100 €0.9500 69
DDM Multi-Stage €0.4800 €0.6700 €0.8900 67
Multiples
P/E Multiple €1.69 €2.25 €2.82 63
P/S Multiple €1.37 €1.82 €2.28 58
P/B Multiple €1.37 €1.82 €2.28 55
EV/EBIT €9.94 €15.72 €21.51 64
EV/EBITDA €8.10 €13.28 €18.45 66
EV/Revenue €3.07 €6.22 50
Asset-Based
NCAV (Graham) €0.6500 €0.8700 €1.30 54
Growth DCF
Growth DCF €6.71 €11.64 €17.99 77
Rev-Margin DCF €2.05 €5.86 €9.93 69
Economic Profit
Residual Income €1.08 €1.16 €1.29 76
ROIC Compounder €3.13 €5.28 €7.58 70
Growth Earnings
Growth-Adj P/E €1.24 €1.77 €2.31 67

Widest divergence: DCF Models (€6.81) versus Dividend Discount (€0.6700). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 35.9
P/S ratio 0.66 P/E × margin
EPS (TTM) €0.1200 price ÷ EPS = P/E 35.9
Dividend yield 3.5% payout 124%
Net margin 1.8% FY2025
Return on equity 11.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.5% avg 5y
Operating margin 20.8% TTM
Growth
Revenue (TTM) €4.7B TTM
Revenue growth (YoY) +5.4% 3y avg −2.2%
EPS growth (YoY) −36.3%
Balance sheet & cash flow
Free cash flow €1.1B FY2025
Net debt €6.6B FY2025 · ≈ 5.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 38 · Market factors (momentum, volatility) 62

Profitability 19
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 13
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sacyr, S.A. engages in the construction and infrastructure concession services businesses worldwide. It offers acquisition and construction of urban properties; provision of architectural, engineering, and urban planning services; provision and marketing of communications, information technology and energy distribution networks, as well as collaboration in …

Full company description

Sacyr, S.A. engages in the construction and infrastructure concession services businesses worldwide. It offers acquisition and construction of urban properties; provision of architectural, engineering, and urban planning services; provision and marketing of communications, information technology and energy distribution networks, as well as collaboration in the marketing and mediation of insurance, and security and transport services; and management and administration of commercial spaces, senior citizen residences and centers, hotels and tourist residences, and student residences. The company also engages in contracting, management and execution of all types of works and constructions in both public and private, such as roads, hydraulic works, railways, maritime works, construction, and environmental works; real estate; and engineering and architectural projects, as well as supervision and advice in the execution of works, and constructions. In addition, it offers public water supply, sewage and purification services; exploitation of mines, and quarries; prefabricated products; provision of assistance or support services; and raw materials of both vegetable, and mineral. The company was formerly known as Sacyr Vallehermoso S.A. and changed its name to Sacyr, S.A. in August 2013. Sacyr, S.A. is headquartered in Madrid, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sacyr SA reported revenue of €4.7B in FY2025 versus €4.7B in FY2021, a compound −0.1%/yr. Reported net income was €85.8M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€4.7B
Latest YoY
+1.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.5%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+15.2% (11.7 + 3.5)
Revenue −0.1%/yr
FY21 €4.7B
FY22 €5.0B
FY23 €4.6B
FY24 €4.6B
FY25 €4.7B
Net income
FY21 −€189M
FY22 €111M
FY23 €153M
FY24 €113M
FY25 €85.8M

SCYR screens 91% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "Sacyr SA Fair Value". https://www.fairvalue-calculator.com/stock/SCYR

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 816 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 37 · Bottom 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 21% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 7.66× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 35.9× · Pricier than 75% of peers
P/B 4.23× · Pricier than 75% of peers
P/S (TTM) 0.93× · Pricier than median
P/FCF 4.0× · Pricier than median
EV/EBITDA 8.4× · Cheaper than median
PEG 177.83× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE27 · sector 11
PAST45 · sector 26
HEALTH0 · sector 94
DIVIDEND69 · sector 39

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $620.06 $143.92 −77%
Vinci SA DG €114.35 €185.62 +62%
Comfort Systems USA, Inc FIX $1,615 $519.97 −68%
Larsen & Toubro Limited LT ₹4,072 ₹2,196 −46%
Ferrovial N.V FER €57.28 €19.17 −67%
HOCHTIEF Aktiengesellschaft HOT €426.40 €203.87 −52%
Samsung C&T Corporation 028260 373,000 KRW 261,411 KRW −30%
EMCOR Group EME $775.04 $549.47 −29%
MasTec, Inc MTZ $241.00 $100.00 −59%
Bouygues SA EN €46.65 €65.67 +41%

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Frequently asked questions

Is Sacyr SA (SCYR) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €2.25 versus a price of €4.31, about −48% upside (overvalued).
What is the fair value of SCYR?
Our model-based fair value for Sacyr SA is €2.25 (as of Aug 20, 2026), built from audited fundamentals. The current price: €4.31.
What is the quality score of SCYR?
Sacyr SA has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sacyr SA (SCYR)?
Sacyr SA reported trailing-twelve-month revenue of about €4.7B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of SCYR?
The net profit margin of Sacyr SA is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Sacyr SA pay a dividend?
Sacyr SA currently shows a dividend yield of about 3.46% relative to its recent price (as of Aug 20, 2026).
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