Latest news with #FerrovialSE
Yahoo
21-05-2025
- Business
- Yahoo
Ferrovial announces the amount of the dividend per share corresponding to the interim scrip dividend
AMSTERDAM, May 21, 2025 /PRNewswire/ -- Reference is made to the announcement dated 13 May 2025 announcing the declaration by Ferrovial SE ("Ferrovial", Ticker: "FER") of an interim scrip dividend of in aggregate EUR 228 million. Ferrovial announces that the dividend per share in the share capital of Ferrovial, with a nominal value of EUR 0.01 each, amounts to EUR 0.3182. As further detailed in the announcement dated 13 May 2025, the distribution will be payable in shares or cash at the election of Ferrovial's shareholders. If no election is made during the relevant election period, an election for a dividend in shares will be deemed to have been made and the dividend will consequently be paid in shares.1 The following expected timetable applies for the scrip dividend: 22 May 2025 : Ex-dividend date on the Madrid, Barcelona, Bilbao and Valencia stock exchanges (the Spanish Stock Exchanges) and Euronext Amsterdam, a regulated market of Euronext Amsterdam N.V. 23 May 2025 : Ex-dividend date on Nasdaq's Global Select Market 23 May 2025 : Dividend record date 26 May 2025 (9:00 am CEST) – 6 June 2025 (5:30 pm CEST) : Election period in relation to Ferrovial shares held through a custodian as a participant in Euroclear Nederland or Iberclear 27 May 2025 (9:00 am EDT) – 6 June 2025 (5:00 pm EDT) : Election period in relation to Ferrovial shares held through a custodian as a participant in DTC or a holder of shares in Registered Form 23 June 2025 : Announcement of the number of existing Ferrovial shares entitled to one new Ferrovial share and the number of new Ferrovial shares to be issued From 25 June 2025 : Dividend payment date in cash and delivery of new Ferrovial shares If relevant changes to the timetable are made, they will be announced to the market. Forward-looking statements This announcement contains forward-looking statements, which include statements with respect to the Company's interim scrip dividend, including the expected main milestones and timing of the scrip dividend process. Any express or implied statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding payment and timing of the scrip dividend, as well as statements that include the words "expect," "will," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: risks related to our diverse geographical operations; risks related to our acquisitions, divestments and other strategic transactions that we may undertake; the impact of competitive pressures in our industry and pricing, including the lack of certainty and costs in winning competitive tender processes; general economic and political conditions and events and the impact they may have on us, including, but not limited to, volatility or increases in inflation rates and rates of interest, increased costs and availability of materials, and other ongoing impacts resulting from circumstances including changes in tariff regimes, the Russia/Ukraine conflict, and the Middle East conflict; the fact that our business is derived from a small number of major projects; cyber threats or other technology disruptions; our ability to obtain adequate financing in the future as needed; our approach to dividend or other distribution determinations and the ability to pay dividends at current levels; our ability to maintain compliance with the continued listing requirements of Euronext Amsterdam, the Nasdaq Global Select Market and the Spanish Stock Exchanges; lawsuits and other claims by third parties or investigations by various regulatory agencies that we may be subject to; our ability to comply with our ESG commitments or other sustainability demands; the impact of any changes governmental laws and regulations, including but not limited to tax regimes or regulations; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") for the fiscal year ended December 31, 2024 which is available on the SEC website at as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this announcement speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by relevant safe harbor provisions for forward-looking statements (or their equivalent) of any applicable jurisdiction. About Ferrovial Ferrovial is one of the world's leading infrastructure companies. The Company operates in more than 15 countries and has a workforce of over 25,000 worldwide. Ferrovial is triple listed on Euronext Amsterdam, the Spanish Stock Exchanges and Nasdaq and is a member of Spain's blue-chip IBEX 35 index. It is also included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index) and strives to conduct all of its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002. 1 Banks and brokers may process the dividend in the default option as agreed upon in their contractual arrangements with Ferrovial shareholders or may set an earlier deadline for the receipt of election instructions from their clients to those detailed in the expected timetable. Ferrovial shareholders should contact their bank or broker to check their default option and timings. View original content to download multimedia: SOURCE Ferrovial
Yahoo
20-05-2025
- Business
- Yahoo
Ferrovial SE (FER): A Bull Case Theory
We came across a bullish thesis on Ferrovial SE (FER) on Substack by OppCost. In this article, we will summarize the bulls' thesis on FER. Ferrovial SE (FER)'s share was trading at $50.93 as of May 16th. FER's trailing and forward P/E were 10.24 and 43.86 respectively according to Yahoo Finance. A construction team working busily on a motorway, demonstrating the scale of the companies operations. Ferrovial has strategically transformed into a focused operator of high-value transportation infrastructure assets in North America, supported by a growing Energy division, while divesting non-core businesses such as Services and a majority stake in Heathrow. This asset rotation has materially boosted reported net profits in 2024 through divestment gains, reflecting strong corporate financial health highlighted by a consistent net cash position (excluding non-recourse project debt) and an investment-grade credit rating. Operationally, the company's core Toll Roads segment, particularly the US Managed Lanes, delivers exceptional performance with revenue per transaction growing faster than inflation, while the Construction segment has rebounded to meet margin targets after prior difficulties. Key projects, including the on-schedule completion of JFK's New Terminal One, underpin growth visibility alongside a robust construction order book and ongoing expansion of infrastructure assets and the Energy division. Although free cash flow has been volatile due to substantial growth investments, liquidity remains strong. The main challenge lies in executing large projects effectively to generate returns that compensate for capital deployment and replace earnings lost from divested assets. Ferrovial's intrinsic value is estimated at $49.85 per share based on a Discounted Cash Flow model, indicating the stock currently trades near fair value with a projected 5-year IRR of about 8.5%. Risks include project execution hurdles, construction cost overruns, reliance on continued asset rotation, and sensitivity to interest rate and regulatory changes. Overall, Ferrovial offers a stable outlook with moderate growth potential, contingent on successful delivery of its strategic transformation toward a North American infrastructure and energy-focused portfolio. Ferrovial SE (FER) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held FER at the end of the fourth quarter which was 7 in the previous quarter. While we acknowledge the risk and potential of FER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
15-05-2025
- Business
- Yahoo
Ferrovial SE (FER) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Adjusted EBIT Margin: 3.3% in construction. Net Cash Position: EUR 1.9 billion. US Highways Revenue Growth: 19.1% year-over-year. US Highways Adjusted EBITDA Growth: 14.6%. 407 ETR Toll Revenue Growth: 23.6%. Revenue Growth: 7.4% overall. Adjusted EBITDA Growth: 19.1% overall. Adjusted EBIT Growth: 8.3% overall. Dividend from 407 ETR: CAD 200 million approved and paid in Q2. Construction Order Book: Focused on US, Canada, and Poland. Warning! GuruFocus has detected 7 Warning Signs with FER. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ferrovial SE (NASDAQ:FER) reported strong revenue growth in its North American highways division, with a 14.1% increase driven by US managed lanes. The 407 ETR asset showed outstanding performance with double-digit EBITDA growth and a 23.6% increase in toll revenue. Ferrovial SE (NASDAQ:FER) maintained a solid net cash position of EUR1.9 billion, supported by strategic divestments and equity injections. The company announced the opening of the Silvertown Tunnel, a complex infrastructure project expected to enhance transportation in East London. Ferrovial SE (NASDAQ:FER) has a robust construction order book with limited exposure to macroeconomic uncertainty, focusing on local markets and smaller projects. The 407 ETR faced challenges with traffic promotions affecting March performance, and severe weather impacted traffic comparisons with the previous year. Ferrovial SE (NASDAQ:FER) did not receive any dividends from the 407 ETR in the first quarter, although a CAD200 million dividend was approved for the second quarter. The Dallas Forward managed lanes experienced negative weather impacts, affecting traffic performance despite solid revenue growth. The I-77 highway was affected by severe weather and the reopening of the alternative I-40 with limited capacity, impacting traffic dynamics. Ferrovial SE (NASDAQ:FER) faces potential geopolitical risks in construction, although no immediate labor availability issues have been reported. Q: Can you help us understand the Schedule 22 extrapolation for the year and the strong revenue growth in the US construction sector despite adverse weather? A: The consensus on Schedule 22 is wide, and your reasoning about revenue seasonality leading to a lower full-year payment figure is likely correct. Regarding the US construction sector, our backlog is less complex, which has contributed to our strong performance despite adverse weather conditions. (Ernesto Mozo, CFO) Q: Could you elaborate on the strong pricing in Q1 for both 407 and Managed Lanes, and the potential for a Capital Markets Day in 2026? A: Customer segmentation and tailored promotions have driven strong pricing. Elasticity is low as trips are necessary. Regarding the US line, trading levels are favorable for NASDAQ inclusion, and while we haven't planned a Capital Markets Day, it would be natural to discuss NTO dynamics post-opening. (Ernesto Mozo, CFO) Q: How did the reopening of I-40 affect I-77's revenue growth, and are there any labor availability issues in construction due to geopolitical risks? A: The reopening of I-40 still allowed for strong I-77 performance due to dynamic pricing. We haven't faced significant labor availability issues, as our workforce is validated and permitted. (Ernesto Mozo, CFO) Q: What are your expectations for 407 traffic returning to 2019 levels, and why not consolidate the asset for US investors? A: We don't provide specific traffic guidance, but mobility is increasing. Consolidation isn't a priority; we focus on financial attractiveness rather than cosmetic reasons for US investors. (Ernesto Mozo, CFO) Q: Does the acquisition of an additional stake in 407 ETR provide incremental governance influence, and does it meet your equity IRR targets? A: The transaction is pending finalization, so no comments on governance yet. We aim for double-digit equity IRRs, especially when construction risk is involved. (Ernesto Mozo, CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
