Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Acciona
Physical assets are 42.4% of total assets, a mixed footprint. Capex is 1.58x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.40x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 1.61x.
Physical asset ratio
42.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.61x
Revenue per dollar of the physical asset base.
Capex / D&A
1.58x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€66.44
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
3.23x
Price €214.80.
Fixed-charge coverage
0.40x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.3%
Latest free cash flow divided by current market cap (€11.43B).
ROIC
10.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.14x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 50.3% | 1.11x | 1.06x | €48.79 | 0.28x | -€9.05M | 7.3% | 0.11x |
| 2019 | 49.9% | 0.96x | 2.25x | €52.79 | 0.05x | -€600.01M | 5.8% | 0.09x |
| 2020 | 49.3% | 0.82x | 1.63x | €57.60 | 0.12x | €61.79M | 6.1% | 0.08x |
| 2021 | 49.5% | 0.94x | 1.33x | €88.89 | 0.27x | -€375.40M | 6.7% | 0.10x |
| 2022 | 49.9% | 1.12x | 3.37x | €100.08 | -0.20x | -€547.00M | 9.3% | 0.13x |
| 2023 | 49.1% | 1.36x | 2.65x | €70.77 | -0.19x | -€1.20B | 7.6% | 0.10x |
| 2024 | 46.2% | 1.41x | 2.40x | €62.54 | -0.05x | -€492.00M | 8.3% | 0.10x |
| 2025 | 42.4% | 1.61x | 1.58x | €66.44 | 0.40x | €379.00M | 10.8% | 0.14x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €12.57B
Inventory: €2.64B
Total assets: €35.85B
Goodwill: €1.32B
Intangibles: €1.47B
Liabilities: €29.44B
Tangible book: €3.62B
Shares: 54,484,561
Revenue: €20.24B
Capex: €1.77B
D&A: €1.12B
EBITDA: €2.84B
Interest: €673.20M
Short-term debt: €2.03B
Free cash flow: €379.00M
Operating income: €1.72B
Invested capital: €12.93B
Tax rate: 18.9%