Ferrovial (BME:FER) Stock Looks Pricey On Its 147% Five Year Run

Ferrovial stock has delivered a strong 147.1% total return over the past five years, yet current checks suggest the shares trade at a premium to an intrinsic value estimate based on a Discounted Cash Flow (DCF) approach and to market multiples. Ferrovial's 147.1% return over five years points to a stock that has already rewarded long term shareholders, which raises the bar for any new valuation upside. The recent award of the US$9.2b I 24 Southeast Choice Lanes project in Tennessee may...