Mota-Engil SGPS S.A (EGL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mota-Engil SGPS S.A stock €9.50, price €4.51, upside +110.6%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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 €0.8949 – €5.93 · fair‑value band €6.64 – €13.44 · the €4.51 price screens below the €9.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Mota-Engil, SGPS, S.A. provides public and private construction works and related services in Europe, Africa, and Latin America.
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The company constructs various infrastructures, such as roads, motorways, airports, ports, dams, railways, and residential and commercial buildings, as well as construction of industry, hospitals, and in specialised areas, such as oil and gas, aggregates, precast, electromechanics, foundations and geotechnics.
It also collects, treats, recovers, and disposal urban solid, hazardous, and non-hazardous waste; exploits water markets; mineral prospection and exploration; agroforestry activities; maintains streets; set-up of a coliving space and provides ancillary or related services; real estate development; and manages financial holdings.
In addition, the company provides food and beverages, terminals exploration, inspection, commercial, shipping, sea transport, earthmoving, mobility, logistics, civil engineering and architecture, road signs, landscape gardening, and urban services; designs, constructs, manages, and exploits parking spaces; manages agricultural projects; rents construction equipment; manufactures and trades in clay materials and prestressed goods; extraction of gravel, sand, crushed stone; and provides recycling, reuse, and resource utilization.
Further, it is involved in studies, conception, finance, construction, and exploration of landfills construction; manages amusement park; exploring, extracting, drilling, pumping, supplying, and transporting of oil, gas, petroleum, motorway concession, and other related products; manages, maintains, and operates facilities; insurance mediation; finance and consulting activities; operates slaughterhouse; organic waste recovery, energy production, research, and innovation and development services; and credit operation, financial leasing and factoring services.
The company was incorporated in 1946 and is headquartered in Porto, Portugal.
Stock analysis
Mota-Engil SGPS S.A (EGL) currently trades at €4.51, while our model-based Fair Value estimate is €9.50, implying the stock looks roughly 53% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €11.38 per share, and 19 of the 24 models we run sit above the €4.51 price.
Bear case: the Dividend Discount group reads lowest at €1.13, and 5 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €6.64 (bear) to €13.44 (bull), the price of €4.51 sits below 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 48/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mota-Engil SGPS S.A reported revenue of €5.3B in FY2025 versus €2.6B in FY2021, a compound +19.6%/yr. Reported net income was €133M in FY2025, compounding +57.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €1.4B Small · P/E ratio 9.7 · P/S ratio 0.26 · EPS (TTM) €0.4800 · Dividend yield 3.8% · Net margin 2.7% · Return on equity 28.9% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 111%, EGL screens cheaper than that median.
Fair Value models
Bear€6.64Fair Value €9.50Bull€13.44
Price €4.51 · Upside +110.6%
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 (€0.2624 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+31.9%
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.
+16.1%
Revenue growth 9 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.
+10.4%
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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.
+39.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.9%
Dividend (yield on the price)3.8%
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.7% → 11%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+6.6%
Yearly growth needed for the next five years to justify today's price.
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.
+9.3%
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 +4.3% a year for the price and +6.9% for the forecasts.
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 · 791 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+110.6% · Top 25%
Profitability
Return on equity (12 months)28.9% · Top 25%
Return on assets2.9% · Above median
Net margin (12 months)5.1% · Above median
Operating margin (12 months)10.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.6% · Above median
Dividend yield (12 months)3.8% · Top 25%
Balance sheet
Debt / equity5.97× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)9.7× · Cheapest 25%
P/B4.38× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.47× · Cheaper than median
Price / free cash flow (fiscal year)8.9× · Cheaper than median
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Is Mota-Engil SGPS S.A (EGL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €9.50 versus a price of €4.51, about +111% upside (undervalued).
What is the fair value of EGL?
Our model-based fair value for Mota-Engil SGPS S.A is €9.50 (as of Nov 8, 2026), built from audited fundamentals. The current price: €4.51.
What is the quality score of EGL?
Mota-Engil SGPS S.A has a Quality Score of 48/100. 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 Mota-Engil SGPS S.A (EGL)?
Our model-based price target is the fair value of €9.50 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario €6.64, optimistic scenario €13.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Mota-Engil SGPS S.A stock forecast for 2026?
Our models put fair value at €9.50, about +111% upside versus a price of €4.51 (undervalued). Cautious scenario €6.64, optimistic scenario €13.44. The calculation is refreshed regularly with new filings.
What is the revenue of Mota-Engil SGPS S.A (EGL)?
Mota-Engil SGPS S.A reported trailing-twelve-month revenue of about €5.5B (latest available figure, as of Nov 8, 2026).
Does Mota-Engil SGPS S.A pay a dividend?
Mota-Engil SGPS S.A currently shows a dividend yield of 3.84% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Mota-Engil SGPS S.A (EGL) and when is the ex-dividend date?
Mota-Engil SGPS S.A pays a dividend of €0.173 per share a year, a dividend yield of 3.8%. The last ex-dividend date was May 21, 2026. A dividend has been paid every year since 2022. The payout ratio is 36.0% of earnings. Free cash flow covers the dividend 5.48 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Mota-Engil SGPS S.A (EGL)?
For today's price to be fair in a discounted-cash-flow model, Mota-Engil SGPS S.A would have to grow free cash flow by +6.6 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of EGL use?
Our models discount Mota-Engil SGPS S.A at 12.9 %: a base by market capitalisation (small), damped by beta 1.10, country premium for Portugal. 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 Mota-Engil SGPS S.A that is +6.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Mota-Engil SGPS S.A (EGL) delivered so far?
Over the past 5 years revenue at Mota-Engil SGPS S.A grew +16.9 % a year. The price currently implies free-cash-flow growth of +6.6 % 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 Mota-Engil SGPS S.A (EGL) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Mota-Engil SGPS S.A (+6.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mota-Engil SGPS S.A (EGL)?
The free-cash-flow yield on the price is 21.01 %: that much free cash flow Mota-Engil SGPS S.A produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mota-Engil SGPS S.A (EGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mota-Engil SGPS S.A it is €9.50 per share (as of Nov 8, 2026), against a price of €4.51. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Mota-Engil SGPS S.A stock overvalued or undervalued in 2026?
As of Nov 8, 2026, EGL trades below its calculated fair value: price €4.51, fair value €9.50, a gap of about +111% (undervalued). 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 EGL?
No. The price is what the market pays today (€4.51); the fair value is what the company's own numbers justify (€9.50). For Mota-Engil SGPS S.A the two are €4.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mota-Engil SGPS S.A worth?
The market values Mota-Engil SGPS S.A at about €1.4B (market capitalisation, as of Nov 8, 2026). Per share that is €4.51; our models calculate a fair value of €9.50 per share.
What do the bullish and bearish scenarios say about EGL?
Our models span a range for Mota-Engil SGPS S.A: cautious scenario €6.64, base €9.50, optimistic €13.44 per share (as of Nov 8, 2026, price €4.51). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EGL?
Mota-Engil SGPS S.A trades at a price-to-earnings ratio of 9.7 (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 €9.50 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 13.7. Other multiples: PEG 3.5, P/B 4.4, P/S 0.5, EV/EBITDA 5.9.
What is the PEG ratio of EGL?
The PEG ratio of Mota-Engil SGPS S.A is 3.54 (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 Mota-Engil SGPS S.A (EGL)?
Balance-sheet figures for Mota-Engil SGPS S.A (as of Nov 8, 2026): return on equity 28.9%, debt of 5.97 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is EGL from its 52-week high?
Mota-Engil SGPS S.A trades at €4.51, about 21% below its 52-week high of €5.71 and 15% above the low of €3.91 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €9.50 is for.
Which stocks are comparable to Mota-Engil SGPS S.A?
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 Mota-Engil SGPS S.A stock attractive at the current price?
The data as of Nov 8, 2026: price €4.51, calculated fair value €9.50 (+111%), Quality Score 48/100, from 24 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 EGL calculated?
We run Mota-Engil SGPS S.A through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €9.50 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 13.0% above its aggregate fair value. Mota-Engil SGPS S.A currently trades 53% below its own fair value, and the market average says nothing about that. 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 Mota-Engil SGPS S.A (EGL)?
The closing price on Nov 6, 2026 was €4.51. Our model-based fair value is €9.50, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mota-Engil SGPS S.A right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€6.64). The market is more pessimistic than our downside scenario. A fairly wide model range (€6.64 to €13.44) leaves room in how you read the outcome.
Key figures of Mota-Engil SGPS S.A
How large is the market capitalisation of Mota-Engil SGPS S.A (EGL)?
The market capitalisation of Mota-Engil SGPS S.A is €1.4B. 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 Mota-Engil SGPS S.A (EGL)?
The price-to-sales ratio of Mota-Engil SGPS S.A is 0.26 (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 Mota-Engil SGPS S.A (EGL)?
Earnings per share at Mota-Engil SGPS S.A are €0.4800 (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mota-Engil SGPS S.A (EGL)?
The dividend yield of Mota-Engil SGPS S.A is 3.8% (payout 36.0%). 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 Mota-Engil SGPS S.A (EGL)?
The net margin of Mota-Engil SGPS S.A is 2.7% (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 Mota-Engil SGPS S.A (EGL)?
The return on equity (ROE) of Mota-Engil SGPS S.A is 28.9% (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 Mota-Engil SGPS S.A (EGL)?
On an EBIT basis the return on assets of Mota-Engil SGPS S.A is 5.1% (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 Mota-Engil SGPS S.A (EGL)?
The operating margin of Mota-Engil SGPS S.A is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mota-Engil SGPS S.A (EGL)?
Revenue at Mota-Engil SGPS S.A is growing +5.6% versus a year earlier (3y avg +11.7%). 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 Mota-Engil SGPS S.A (EGL)?
Earnings per share at Mota-Engil SGPS S.A are growing +22.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mota-Engil SGPS S.A (EGL) carry?
The net debt of Mota-Engil SGPS S.A is €2.1B (fiscal year 2025, ≈ 7.1 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