FERFerrovial N.V.

$59.96

Is it safe?

Can FER take a bad year?

Ferrovial N.V. carries $7.23B of net debt at 3.71× EBITDA: a load its earnings can carry.

$7.23B

Net debt · as at FY2025 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.71×

Net debt / EBITDA · 2.16× a year ago · the load is going up

Debt / equity
1.95×

Debt / equity

Annualised volatility
25%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$11.5B
Cash and short-term investments
$4.27B
Net debt
$7.23B
EBITDA, trailing twelve months
$1.95B
Operating profit, trailing twelve months
$1.46B
Debt / equity
1.95×
Total debt / EBITDA
5.91×
Annualised volatilitytwo years of daily moves
25%
Worst drawdown on file
−39%
Below its 52-week high
−19%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.