Risk factor
Strong & resilient to price shocks
Profitability factor
Very strong margins and returns
About
Budimex S.A. operates as a leading infrastructure and services company, active both within Poland and on an international scale. Its comprehensive operations are structured into three main divisions: Construction, Property Development and Management, and Services. As a general contractor, Budimex undertakes a broad spectrum of projects, ranging from public, commercial, industrial, and residential buildings to sports facilities. The company also specializes in critical infrastructure, including hydraulic engineering works such as shoreline protection, embankment and wharf fortification, drainage systems, and flood defenses, alongside extensive road, railway, and airport developments. Furthermore, Budimex is deeply involved in the construction, modernization, and expansion of water and wastewater treatment plants, utility networks, and various waste management solutions, encompassing treatment, storage, drying, incineration, and recycling facilities. Their portfolio also includes energy and industrial ventures. Complementing these core activities, the company provides equipment for earthmoving, material distribution, pavement routing, piling, lifting operations, and specialized flatbed transport services. Additional offerings include the production of bituminous mixtures, laboratory and technological support, land investment, apartment sales, and property rental and management. Established in Warsaw, Poland, in 1968, Budimex S.A. functions as a subsidiary of Ferrovial Construction International SE.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBI
Target Price
The average target price of BDX.WA is 677 and suggests 0% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation