Sacyr SA (SCYR) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sacyr SA stock €2.27, price €4.20, that is 45.9% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €1.56 – €4.92 · fair‑value band €2.27 – €2.83 · the €4.20 price screens above the €2.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Sacyr, S.A. engages in the construction and infrastructure concession services businesses worldwide.
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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.
Stock analysis
Sacyr SA (SCYR) currently trades at €4.20, while our model-based Fair Value estimate is €2.27, 46% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €4.80 per share, and 7 of the 25 models we run sit above the €4.20 price.
Bear case: the Dividend Discount group reads lowest at €0.2350, and 18 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €2.27 (bear) to €2.83 (bull), the price of €4.20 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
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.
Key figures
Market cap €3.4B Mid · P/E ratio 24.7 · P/S ratio 0.66 · EPS (TTM) €0.1700 · Dividend yield 3.5% · Net margin 2.8% · Return on equity 12.0% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −41% fair-value upside, at −46%, SCYR screens richer than that median.
Fair Value models
Bear€2.27Fair Value €2.27Bull€2.83
Price €4.20 · Downside -45.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0180 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.5%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +11.7%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 11.7% / −6.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 23%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.062 per share, median 0.29 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −4.7% a year for the price and +1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Concessions generating the bulk of EBITDA through expanding water and infrastructure projects form the main strength, while high leverage with debt much larger than equity and low margins remain the key weakness.
Main risk: Rising debt combined with execution challenges in international markets threatens the expansion and cash-flow stability of the concession assets.
Sacyr's concessions generate the bulk of its EBITDA and continue to expand through new water and infrastructure projects, including a recent feasibility study for a major desalination plant in Mexico. Our models currently see the stock as overvalued. Does the shift toward stable long-term cash flows from these assets outweigh the risks of rising debt and execution challenges in international markets?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Engineering & Construction · 784 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−45.9% · Below median
Profitability
Return on equity (12 months)12.0% · Above median
Return on assets1.3% · Below median
Net margin (12 months)7.6% · Top 25%
Operating margin (12 months)23.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.0% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity7.66× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)24.7× · Pricier than median
P/B3.27× · Priciest 25%
P/S (12 months)1.85× · Pricier than median
Price / free cash flow (fiscal year)8.4× · Cheaper than median
EV/EBITDA18.9× · Priciest 25%
PEG177.83× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 32
FUTURE (revenue growth)70· sector 20
PAST (return on equity)48· sector 28
HEALTH (low debt)0· sector 94
DIVIDEND (yield)71· sector 43
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sacyr SA Fair Value". https://www.fairvalue-calculator.com/stock/SCYR
Frequently asked questions
Is Sacyr SA (SCYR) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €2.27 versus a price of €4.20, about 46% lower (overvalued).
What is the fair value of SCYR?
Our model-based fair value for Sacyr SA is €2.27 (as of Nov 8, 2026), built from audited fundamentals. The current price: €4.20.
What is the quality score of SCYR?
Sacyr SA has a Quality Score of 44/100. 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 price target for Sacyr SA (SCYR)?
Our model-based price target is the fair value of €2.27 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario €2.27, optimistic scenario €2.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Sacyr SA stock forecast for 2026?
Our models put fair value at €2.27, about 46% lower versus a price of €4.20 (overvalued). Cautious scenario €2.27, optimistic scenario €2.83. The calculation is refreshed regularly with new filings.
What is the revenue of Sacyr SA (SCYR)?
Sacyr SA reported trailing-twelve-month revenue of about €5.0B (latest available figure, as of Nov 8, 2026).
Does Sacyr SA pay a dividend?
Sacyr SA currently shows a dividend yield of 3.55% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sacyr SA (SCYR) and when is the ex-dividend date?
Sacyr SA pays a dividend of €0.149 per share a year, a dividend yield of 3.5%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since 2018. The payout ratio is 87.6% of earnings. Free cash flow covers the dividend 9.31 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Sacyr SA (SCYR)?
For today's price to be fair in a discounted-cash-flow model, Sacyr SA would have to grow free cash flow by -2.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SCYR use?
Our models discount Sacyr SA at 10.3 %: a base by market capitalisation (mid), damped by beta 0.71, country premium for Spain. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sacyr SA that is -2.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sacyr SA (SCYR) delivered so far?
Over the past 5 years revenue at Sacyr SA grew +0.5 % a year. The price currently implies free-cash-flow growth of -2.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sacyr SA (SCYR) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sacyr SA (-2.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sacyr SA (SCYR)?
The free-cash-flow yield on the price is 32.40 %: that much free cash flow Sacyr SA produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sacyr SA (SCYR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sacyr SA it is €2.27 per share (as of Nov 8, 2026), against a price of €4.20. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sacyr SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SCYR trades above its calculated fair value: price €4.20, fair value €2.27, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SCYR?
No. The price is what the market pays today (€4.20); the fair value is what the company's own numbers justify (€2.27). For Sacyr SA the two are €1.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sacyr SA worth?
The market values Sacyr SA at about €3.4B (market capitalisation, as of Nov 8, 2026). Per share that is €4.20; our models calculate a fair value of €2.27 per share.
What do the bullish and bearish scenarios say about SCYR?
Our models span a range for Sacyr SA: cautious scenario €2.27, base €2.27, optimistic €2.83 per share (as of Nov 8, 2026, price €4.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCYR?
Sacyr SA trades at a price-to-earnings ratio of 24.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.27 is built from several models across several years. Other multiples: PEG 177.8, P/B 3.3, P/S 1.8, EV/EBITDA 18.9.
What is the PEG ratio of SCYR?
The PEG ratio of Sacyr SA is 177.83 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sacyr SA (SCYR)?
Balance-sheet figures for Sacyr SA (as of Nov 8, 2026): return on equity 12.0%, debt of 7.66 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is SCYR from its 52-week high?
Sacyr SA trades at €4.20, about 15% below its 52-week high of €4.92 and 20% above the low of €3.49 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €2.27 is for.
Which stocks are comparable to Sacyr SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sacyr SA stock attractive at the current price?
The data as of Nov 8, 2026: price €4.20, calculated fair value €2.27 (−46%), Quality Score 44/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SCYR calculated?
We run Sacyr SA through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €2.27 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Sacyr SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sacyr SA (SCYR)?
The closing price on Nov 9, 2026 was €4.20. Our model-based fair value is €2.27, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sacyr SA right now?
The price sits above even our optimistic bull case (€2.83). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Sacyr SA
How large is the market capitalisation of Sacyr SA (SCYR)?
The market capitalisation of Sacyr SA is €3.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sacyr SA (SCYR)?
The price-to-sales ratio of Sacyr SA is 0.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sacyr SA (SCYR)?
Earnings per share at Sacyr SA are €0.1700 (price ÷ EPS = P/E 24.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sacyr SA (SCYR)?
The dividend yield of Sacyr SA is 3.5% (payout 87.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sacyr SA (SCYR)?
The net margin of Sacyr SA is 2.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sacyr SA (SCYR)?
The return on equity (ROE) of Sacyr SA is 12.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sacyr SA (SCYR)?
On an EBIT basis the return on assets of Sacyr SA is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sacyr SA (SCYR)?
The operating margin of Sacyr SA is 23.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sacyr SA (SCYR)?
Revenue at Sacyr SA is growing +14.0% versus a year earlier (3y avg −2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sacyr SA (SCYR)?
Earnings per share at Sacyr SA are growing +986% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sacyr SA (SCYR) carry?
The net debt of Sacyr SA is €6.6B (fiscal year 2025, ≈ 5.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026