• Ferrovial has recently gone ex-dividend for a €0.077 cash payout and confirmed its upcoming inclusion in the Nasdaq-100 Index from December 22, 2025, while also terminating an earlier buyback and launching a new repurchase program of up to €800 million, or 15 million shares, running through October 15, 2026.

• Taken together, joining a major U.S. index and committing fresh capital to share repurchases highlight Ferrovial’s focus on broadening its investor base and reinforcing shareholder returns.

• We’ll now examine how Ferrovial’s Nasdaq-100 entry and refreshed €800 million buyback shape the company’s existing investment narrative.

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To own Ferrovial, you need to be comfortable with a global infrastructure group whose value hinges on North American toll roads and long term concession cash flows. The Nasdaq 100 inclusion and refreshed buyback may bolster liquidity and support near term sentiment, but they do not materially change the central catalyst around execution and traffic performance in key U.S. and Canadian assets, nor the main risk that earnings are expected to decline over the next few years.

The new €800,000,000 repurchase program, covering up to 15,000,000 shares through October 2026, feels most relevant here because it sits alongside index inclusion and an active dividend policy, reinforcing Ferrovial’s emphasis on returning capital even as consensus points to falling earnings. How that balance between capital returns and profit contraction unfolds will matter for how durable today’s investment case proves to be.

Yet against this supportive capital return backdrop, investors should still be aware that forecast earnings declines could…

Read the full narrative on Ferrovial (it’s free!)

Ferrovial’s narrative projects €10.5 billion revenue and €843.2 million earnings by 2028.

Uncover how Ferrovial’s forecasts yield a €53.86 fair value, a 4% downside to its current price.

Three members of the Simply Wall St Community currently see Ferrovial’s fair value between €45.06 and €53.86, underscoring how far views can differ. Set against expectations for declining earnings, that spread invites you to compare several viewpoints on how resilient Ferrovial’s cash flows might be.

Explore 3 other fair value estimates on Ferrovial – why the stock might be worth 20% less than the current price!

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