Austrian Undervalued over 20% based on DCF

Erste Group Bank

Market Cap: €30.9b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

BAWAG Group

Market Cap: €8.4b

Operates as a holding company for BAWAG P.S.K.

Andritz

Market Cap: €5.9b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Flughafen Wien

Market Cap: €4.4b

Engages in the construction and operation of civil airports and related facilities in Austria and Malta.

Voestalpine

Market Cap: €4.1b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Lenzing

Market Cap: €930.7m

Produces and markets regenerated cellulosic fibers for textiles and nonwovens.

FACC

Market Cap: €323.7m

Engages in the development, production, and maintenance of aircraft components worldwide.

Burgenland Holding

Market Cap: €219.0m

Through its investment in Burgenland Energie AG, engages in the generation and sale of electricity in Austria.

UBM Development

Market Cap: €147.9m

Engages in the development, management, and sale of real estate properties in Germany, Austria, Poland, and internationally.