Estimating The Fair Value Of Voestalpine AG (VIE:VOE)
Sep 03
Austrian (ATX) Materials Sector Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies6
- 7D-1.9%
- 3M-12.7%
- 1Y3.5%
- YTD-8.0%
Over the last 7 days, the Materials industry has dropped 2.0%, driven by declines in Lenzing and Voestalpine of 7.6% and 2.4%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Sector Valuation and Performance
Has the Austrian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Sep 2023 | €12.2b | €31.5b | €1.2b | 9.2x | 10.5x | 0.4x |
| Fri, 18 Aug 2023 | €12.8b | €31.5b | €1.2b | 10.3x | 11x | 0.4x |
| Sun, 16 Jul 2023 | €13.9b | €32.3b | €1.8b | 8.9x | 7.9x | 0.4x |
| Tue, 13 Jun 2023 | €14.3b | €32.3b | €1.8b | 9.2x | 8.1x | 0.4x |
| Thu, 11 May 2023 | €13.9b | €32.2b | €1.8b | 9.5x | 7.5x | 0.4x |
| Sat, 08 Apr 2023 | €14.0b | €32.1b | €2.0b | 8.7x | 7x | 0.4x |
| Mon, 06 Mar 2023 | €16.1b | €31.8b | €2.2b | 10.4x | 7.4x | 0.5x |
| Wed, 01 Feb 2023 | €14.4b | €31.1b | €2.3b | 9.5x | 6.3x | 0.5x |
| Fri, 30 Dec 2022 | €12.6b | €31.1b | €2.3b | 9.4x | 5.5x | 0.4x |
| Sun, 27 Nov 2022 | €13.7b | €31.1b | €2.3b | 9.5x | 6x | 0.4x |
| Tue, 25 Oct 2022 | €10.9b | €29.0b | €2.4b | 8.5x | 4.6x | 0.4x |
| Thu, 22 Sep 2022 | €11.5b | €29.0b | €2.4b | 8.1x | 4.9x | 0.4x |
| Sat, 20 Aug 2022 | €12.6b | €29.0b | €2.4b | 9.2x | 5.4x | 0.4x |
| Mon, 18 Jul 2022 | €11.7b | €26.6b | €1.9b | 9.9x | 6.2x | 0.4x |
| Wed, 15 Jun 2022 | €13.8b | €26.6b | €1.9b | 11.8x | 7.3x | 0.5x |
| Fri, 13 May 2022 | €13.5b | €25.5b | €1.6b | 11.9x | 8.3x | 0.5x |
| Sun, 10 Apr 2022 | €14.4b | €24.8b | €1.6b | 18.5x | 9.3x | 0.6x |
| Tue, 08 Mar 2022 | €14.2b | €24.3b | €1.5b | 18.9x | 9.3x | 0.6x |
| Thu, 03 Feb 2022 | €17.2b | €23.0b | €1.4b | 23.1x | 12.2x | 0.7x |
| Sat, 01 Jan 2022 | €17.7b | €23.0b | €1.4b | 22.8x | 12.6x | 0.8x |
| Mon, 29 Nov 2021 | €17.0b | €23.0b | €1.4b | 22.6x | 12.1x | 0.7x |
| Wed, 27 Oct 2021 | €17.0b | €21.5b | €855.3m | 29x | 19.9x | 0.8x |
| Fri, 24 Sep 2021 | €16.9b | €21.5b | €852.2m | 24.8x | 19.8x | 0.8x |
| Sun, 22 Aug 2021 | €18.5b | €21.5b | €852.2m | 25.5x | 21.7x | 0.9x |
| Fri, 09 Jul 2021 | €17.5b | €21.5b | €852.2m | 26x | 20.5x | 0.8x |
| Thu, 01 Apr 2021 | €17.4b | €19.9b | €438.8m | 149.8x | 39.7x | 0.9x |
| Sun, 03 Jan 2021 | €14.7b | €19.7b | €61.6m | 62x | 239.4x | 0.7x |
| Wed, 07 Oct 2020 | €11.7b | €19.9b | -€322,378,500.00 | 36.8x | -36.3x | 0.6x |
Price to Earnings Ratio
-36.3x
Current Industry PE
- Investors are pessimistic on the Austrian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.6x which is lower than its 3-year average PE of 29.0x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- Total earnings for the Materials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Austrian Materials sector?
| AT Market | 1.05% | |
| Materials | -1.87% | |
| Paper and Forestry Products | 0% | |
| Basic Materials | -1.04% | |
| Metals and Mining | -1.39% | |
| Packaging | -1.85% | |
| Chemicals | -5.02% | |
Industry PE
- Investors are most optimistic about the Packaging industry even though it's trading below its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings decline of 39.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 110% over the next 5 years.
- In contrast, the Metals and Mining industry is expected to see its earnings decline by 3.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||
