Main sector revenues of FCC (2025):

1. Construction: approx. 45%
2. Environmental and waste management: approx. 30%
3. Water management: approx. 15%
4. Energy: approx. 10%

TOP 3 markets and their percentage shares (2025):

1. Spain: approx. 55%
2. United Kingdom: approx. 20%
3. Latin America: approx. 15%

Fomento de Construcciones y Contratas, S.A. (FCC) is a diversified company with a strong focus on construction and environmental solutions. The majority of revenues come from construction, followed by environmental and waste management. The Spanish market remains the dominant market for FCC, with significant activities in the United Kingdom and Latin America. These markets provide stable revenue streams and growth potential for the company.

Production Sites: Spain, Europe, Latin America

Fomento de Construcciones y Contratas, S.A. (FCC) is a Spanish company mainly active in the construction, environment, and water sectors. The company's production and service activities are primarily concentrated in Spain, but FCC is also active in other European countries as well as in Latin America.

The company carries out various construction projects and environmental services, leveraging its expertise internationally. In recent years, FCC has focused on expanding into international markets to strengthen its presence outside of Spain.

Revenue Growth: Estimated 4-6% annually (2025-2027)
Investments in Renewable Energies: 500 million euros by 2027

Fomento de Construcciones y Contratas, S.A. (FCC) pursues a growth strategy that is strongly focused on sustainability and diversification. The company plans to significantly expand its presence in the renewable energy sector by investing around 500 million euros in corresponding projects by 2027. These investments are intended to improve energy efficiency and reduce dependence on fossil fuels.

In addition, FCC is focusing on expanding its international activities, particularly in Latin America and the Middle East, to tap into new markets and increase existing market shares. Through strategic partnerships and joint ventures, the company aims to leverage and expand its expertise in construction and infrastructure projects globally.

Another focus is on the digitization and automation of processes to increase efficiency and reduce operating costs. These measures are intended to help secure FCC's competitiveness in an increasingly challenging market environment.

Main raw materials: Concrete, steel, asphalt
Main importing countries: Germany, China, Italy

Fomento de Construcciones y Contratas, S.A. (FCC) is a leading company in the construction and infrastructure sector. For its construction projects, FCC mainly imports concrete, steel, and asphalt, the essential materials for its construction activities.

Germany is a significant supplier of high-quality steel that FCC needs for its construction projects. China also supplies steel as well as other building materials that are cost-effective. Italy is known for supplying special asphalt mixtures used in various infrastructure projects by FCC.

These import relationships enable FCC to source high-quality materials at competitive prices, which is crucial for the company's competitiveness and profitability.

Market share in the construction sector: 8% (2024, estimate) EBITDA margin: 16.5% (2024) Return on Capital Employed (ROCE): 9.2% (2024)

Fomento de Construcciones y Contratas, S.A. (FCC) has established itself as one of the leading players in the European construction sector. The company's competitive advantage lies in its broad diversification across various business areas, including construction, water management, and environmental services. This diversification enables FCC to minimize risks and benefit from various market trends.

The EBITDA margin of 16.5% indicates that FCC operates efficiently and is able to generate solid profits from its revenues. This is a sign of strong operational performance compared to many competitors in the construction sector.

Another advantage is the strategic positioning in growing markets and the ability to win large infrastructure projects, as highlighted by the 8% market share in the construction sector. The return on capital employed of 9.2% shows that the company effectively utilizes its investments to create value for shareholders.

In summary, FCC possesses a solid competitive advantage through its diversification, operational efficiency, and strategic market positioning.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Purchases/Sales: No significant transactions in the last year (2024)

The institutional investor share in Fomento de Construcciones y Contratas, S.A. is around 45%, indicating a strong trust from institutional investors in the company. These investors typically include pension funds, investment funds, and other large investment vehicles.

In 2024, there were no significant insider purchases or sales, suggesting that the management and other insiders are currently not making significant changes to their holdings. This could indicate a stable assessment of the company's development by the insiders.

Market share of FCC: Estimated at 8% in the European construction sector (2025)

Main competitors and their market shares:

1. Vinci SA: 14%
2. ACS Group: 12%
3. Bouygues SA: 10%
4. Ferrovial SA: 9%
5. Fomento de Construcciones y Contratas, S.A. (FCC): 8%
6. Hochtief AG: 7%
7. Eiffage SA: 6%
8. Skanska AB: 5%
9. Strabag SE: 4%
10. Balfour Beatty: 3%

Economic moat of FCC: FCC has a moderate economic moat, mainly based on its strong presence in Spain and Latin America. The company benefits from long-term contracts in waste management and water treatment, ensuring stable revenue streams.

Compared to competitors like Vinci and ACS, which have a broader international presence and diversified business segments, FCC's economic moat is less pronounced. Vinci and ACS, due to their size and global reach, have a significant advantage that allows them to benefit from economies of scale and a broader customer base.

FCC could strengthen its economic moat by advancing its international expansion and investing in innovative technologies to differentiate itself from the competition. A focus on sustainable construction projects and renewable energies could also provide a competitive advantage.

Revenue growth: 8.5% (2024)
EBITDA margin: 16.2% (2024)
Debt ratio: 1.8 (2024)

Fomento de Construcciones y Contratas, S.A. (FCC) recorded a revenue growth of 8.5% in 2024, driven by strong demand in its core segments of construction, water, and environment. The EBITDA margin of 16.2% indicates that the company operates efficiently and is able to generate solid profits from its revenues.

The debt ratio of 1.8 suggests that the company has a moderate level of debt, which is common in the construction and infrastructure sector. This metric shows that FCC is able to service its debts without jeopardizing financial stability.

In recent years, FCC has benefited from a strategic expansion into sustainable infrastructure projects, further enhancing its future growth potential. Given these factors, FCC stock could be an attractive investment for investors interested in a stable company with growth potential. However, potential investors should also consider general economic conditions and specific risks in the construction sector.

Dividend yield: 3.5% (2024)
Dividend history: Steady payout over the last 5 years

Fomento de Construcciones y Contratas, S.A. (FCC) has paid a consistent dividend in recent years, indicating a reliable payout policy. The dividend yield of 3.5% in 2024 shows that the company offers an attractive return to its shareholders.

FCC has proven to be stable in the past, supported by continuous dividend payments. This is a positive signal for investors seeking regular income. The company's financial stability and diversification of its business areas contribute to the reliability of dividend payments.