Fair value · Ferrovial N.V. (FER) · updated 2026-09-03 · from 20-F FY2025
Everything below is unaffected: the filed statements, the filing they came from, and FER’s growth history are all as reported.
20-F FY2025 · fiscal year ended 2025-12-31 · filed 2026-02-25 · accession 0001628280-26-011789
Open this filing on sec.gov0.64
Put/Call (OI)
call-heavy
1.21
Put/Call (volume)
20%
ATM IV ~30d
$65
Call wall
0k OI
$55
Put wall
0k OI
As of previous close (2026-09-02) · OPRA historical data · walls = largest open-interest strikes above/below spot · market-wide positioning
At least two methods need a usable value to draw a range with these inputs.
No preset range for this company yet.
The two ranges are identical because every input sits on a preset.
We don’t tell you what FER is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has FER’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.
Discounted cash flow
N/A
Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.
Preset inputs — revenue-driven DCF from the latest filing
Implied by today’s price
Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.
Not solvable from the price — Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.
This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what FER has actually filed, and the AI chat will reason it through with you.
Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.
Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.
How long stage-1 growth lasts.
Slower growth after stage 1, before the terminal phase.
Growth forever after the two stages. Above ~3% is rarely justified.
The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.
| Year | Stage | FCF | Present value |
|---|---|---|---|
| 1 | Stage 1 | $2,285M | $2,160M |
| 2 | Stage 1 | $3,656M | $3,266M |
| 3 | Stage 1 | $5,849M | $4,940M |
| 4 | Stage 1 | $9,359M | $7,472M |
| 5 | Stage 1 | $14,974M | $11,301M |
| 6 | Stage 2 | $16,336M | $11,654M |
| 7 | Stage 2 | $17,823M | $12,019M |
| 8 | Stage 2 | $19,445M | $12,395M |
| 9 | Stage 2 | $21,214M | $12,783M |
| 10 | Stage 2 | $23,145M | $13,183M |
Inputs from the filing
Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.
20-F FY2025 · period ended 2025-12-31 · filed 2026-02-25 · accession 0001628280-26-011789 · sec.gov
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