Construcciones y Auxiliar de Ferrocarriles S.A./€CAF

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About Construcciones y Auxiliar de Ferrocarriles S.A.

Construcciones y Auxiliar de Ferrocarriles S.A. (CAF) is a Spanish company that specializes in the design, manufacture, maintenance, and supply of equipment and components for railway systems. It offers an extensive range of products including high-speed trains, commuter trains, metros, and trams, along with maintenance and integration services. Established in 1917, CAF is headquartered in Beasain, Spain. The company has built a global presence, serving customers in various countries across Europe, America, Asia, and Africa. Its strategic positioning is bolstered by a focus on technological innovation and sustainability, incorporating cutting-edge solutions to meet the evolving needs of urban mobility and long-distance transportation infrastructure.
Ticker
€CAF
Primary listing
BME
Employees
18,424
Headquarters
Beasain, Spain

CAF Metrics

BasicAdvanced
€2.6B
14.88
€5.03
0.79
€1.23
1.65%

Bulls say / Bears say

CAF reported H1 2026 net profit of €99 million, up 36% YoY on €2.53 billion in revenue, and reaffirmed its 2026 outlook. (Reuters via Stockopedia)
CAF logged H1 2026 order intake of €4,035 million, a 31% increase YoY, underpinning strong commercial momentum. (CAF H1 Report)
Strong Q4 2025 order intake pushed CAF’s backlog past €16.0 billion for the first time, equivalent to 3.6× annual sales. (CAF Q4 2025 Report)
Management signalled in the Q1 2026 earnings deck that updated FX rate forecasts will increase expenses and limit operating margin expansion, as revenue increases won’t be passed through to margins. (CAF Q1 2026 Deck)
CAF expects capex to accelerate in H2 2026 for capacity expansion, which may strain cash flow and pressure leverage metrics despite higher earnings. (CAF H1 Report)
Ongoing Middle East conflict continues to affect execution of CAF’s railway projects in the region, posing potential risks to delivery timelines and costs. (CAF H1 Report)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2026.

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Market data provided by CBOE Europe and Deutsche Börse.