Sacyr SA
SCYR
ISIN ES0182870214 / Valor 932537
Sacyr SA
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About company
Sacyr SA is a multinational corporation headquartered in Spain, recognized for its presence on the Ibex 35, the benchmark stock market index of the Bolsa de Madrid. The company operates globally, with projects and activities spread across more than 20 countries on four continents. Sacyr specializes in executing innovative and high-value projects, leveraging its expertise and resources to address complex challenges across various sectors. While the company's specific areas of operation are not detailed in the provided source, its description as a global group undertaking projects of significant value suggests a focus on construction, infrastructure, and possibly related services. Sacyr's commitment to progress and innovation is underscored by its efforts to deliver solutions that meet the evolving needs of society and the industries it serves.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (07.08.2024):
EBITDA and Operating Cash Flow
In Q1 2024, Sacyr SA reached €339 million in EBITDA, which is a 15% increase compared to the same period the previous year. The company also reported €221 million in operating cash flow, marking a 28% rise. This growth reflects Sacyr's successful transformation into a P3 firm, with a significant focus on P3 assets that now constitute 90.4% of the company's EBITDA.
Profitability and Net Profit
Sacyr SA's profitability in Q1 2024 stood at a record 34.1%, which is 590 basis points higher than in Q1 2023. The company's net profit reached €25 million, showing a 6% increase from the previous year. Revenues for the quarter were €994 million, and recourse net debt stood at €322 million, with net investment amounting to €38 million.
New P3 Contracts and Project Deliveries
In Q1 2024, Sacyr SA continued to expand its P3 activity with new contracts and project deliveries. The company, as part of the SIS consortium, signed an operation and management contract for five sections of the A-21 and A-5 highways in Turin, Italy. Additionally, Sacyr was selected to develop a 34.8 km urban highway in Lima, Peru, and reached financial close on the Velindre Cancer Centre P3 project in Wales, UK. The company also delivered the Ferrocarril Central de Uruguay project and is set to bring the last stretch of the Pamplona-Cúcuta highway in Colombia into operation soon.
Asset Valuation
Sacyr SA's asset valuation for Sacyr Concesiones was close to €3.3 billion as of December 2023, which is €443 million higher than the valuation performed for the 2021 Investor Day. The company has 57 P3 infrastructure assets in its portfolio, with an average lifecycle of 28 years. This positive performance has consolidated Sacyr's position as the world's third-largest transportation P3 projects developer, according to PWF magazine.
Shareholder Remuneration
In January 2024, Sacyr SA paid out a scrip dividend of €0.062 per share or one new share for every 50 old ones. A significant 92% of shareholders opted to receive their dividends in shares, reflecting strong confidence in the company's future prospects.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2484 M
Market cap (USD)
1,497,410
Daily traded volume (Shares)
3.08 / 3.052
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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