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Sacyr SA
🇪🇸 SCYR.MC · Madrid · ES0182870214
Infrastructure
Scores
Key Metrics
Powered by EODHDP/E (TTM)
39.3
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Net Debt/EBITDA (TTM)
5.1x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
11.3%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
8.3x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
1.90%
TTM: 2.53%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 1.90%
Trailing Yield (TTM, last 12 months): 2.53%
Payout Ratio (Fwd)
103.3% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Final | — | 29 Jun 2027 | — | EUR | 0.081 |
| Forecast* | Interim | — | 13 Jan 2027 | — | EUR | 0.03969 |
| Forecast* | Final | — | 10 Sep 2026 | — | EUR | 0.06399 |
| Paid | Final | 29 Apr 2026 | 29 Jun 2026 | 01 Jul 2026 | EUR | 0.081 |
| Paid | Interim | 08 Jan 2026 | 13 Jan 2026 | 29 Jan 2026 | EUR | 0.03969 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
² Type not provided by EODHD — inferred from historical payment data.
Summary
Sacyr is a high-quality global infrastructure operator that continues to successfully transition into a resilient, cash-generative concession model, evidenced by its recent 157% surge in net profit. While the underlying business is performing exceptionally well with free cash flow safely covering the dividend, current valuation multiples remain stretched at a P/FFO of nearly 22x, offering limited upside. Existing shareholders should maintain positions given the strong operational momentum, but new investors may want to wait for a better entry point below €3.90.
Sector Context
Sacyr is a global infrastructure operator focused heavily on long-term concession assets like toll roads, hospitals, and water treatment facilities. In the capital-heavy infrastructure sector, predictable, inflation-linked cash flows are highly valued, making P/FFO (Price to Funds From Operations) a more accurate measure of true earnings power than traditional GAAP P/E.
📊 Strategy Analysis
- • Strong fundamental momentum, highlighted by H1 2026 net profit surging 157% and EBITDA growing 9%, driven by its maturing concession portfolio.
- • Exceptional free cash flow generation with a cash flow payout ratio of just 3.21%, providing massive coverage for the strategic dividend reset.
- • Solid execution on deleveraging initiatives, with Net Debt/EBITDA falling to 5.12x (down significantly from 14.6x in 2019) alongside strategic asset rotation.
⚠ What to Watch
- • Valuation multiples are highly elevated, with the stock trading at a P/FFO of 21.92x and a P/E of 39.29x, well above typical infrastructure norms and its fair value bounds.
- • The current TTM dividend yield of 2.53% falls below the strategy's 3% minimum requirement for new income-focused positions.
- • Subject to known structural headwinds in its domestic market, specifically Spanish 'detolling' policies that prevent the lucrative extension of mature high-margin transport assets.
Analysis date: 2026-08-01
Disclaimer: This information is for educational purposes only. Not financial advice.