Ferrovial N. V (FER) is overvalued and Sterling Infrastructure Inc (STRL) is overvalued.
Both trade above our estimate of their intrinsic value. STRL is the closer of the two: -92%, against -256% for FER.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $15.80; the price of $56.30 is 256% above that value, and 81% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 12.8% (average of 3 methods) values the shares at $269.07; the price of $516.57 is 92% above that value, and 65% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | FER | STRL |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $56.30 | $516.57 |
| Intrinsic value | $15.80 | $269.07 |
| Margin of safety | -256% | -92% |
| Leak Score | 14/100 (3/12) | 59/100 (3/12) |
| Market cap | $40.8B | $15.8B |
| Revenue growth, 5 years | 7.8% | 11.8% |
| Operating margin | 10.4% | 18.3% |
| Net margin | 6.2% | 12.6% |
| Return on equity | 10.3% | 38.5% |
| Debt to equity | 1.86 | 0.25 |
| P/E | 57.6x | 37.2x |
| Forward P/E | 43.7x | 20.4x |
| P/B | 6.2x | 11.7x |
| Dividend yield | 2.0% | — |