Is There Now An Opportunity In Andritz AG (VIE:ANDR)?
Jun 23
Austrian (ATX) Market Analysis & Valuation
UpdatedJun 25, 2024
DataAggregated Company Financials
Companies65
- 7D1.5%
- 3M3.4%
- 1Y12.1%
- YTD2.1%
Over the last 7 days, the market has risen 1.4%, driven by gains in the Utilities and Financials sectors of 3.7% and 2.4%, respectively. On the other hand, with a decline of 15%, the Consumer Discretionary sector is lagging behind. The market is up 12% over the last 12 months. Earnings are forecast to grow by 5.8% annually.
Market Valuation and Performance
Has the Austrian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Jun 2024 | €139.2b | €180.1b | €14.0b | 11.1x | 9.9x | 0.8x |
| Thu, 23 May 2024 | €143.3b | €180.6b | €14.5b | 11x | 9.9x | 0.8x |
| Sat, 20 Apr 2024 | €135.9b | €188.2b | €14.4b | 9.7x | 9.4x | 0.7x |
| Mon, 18 Mar 2024 | €132.2b | €188.0b | €14.7b | 9.3x | 9x | 0.7x |
| Wed, 14 Feb 2024 | €129.8b | €190.6b | €15.4b | 8.6x | 8.5x | 0.7x |
| Fri, 12 Jan 2024 | €137.6b | €195.3b | €15.9b | 8.7x | 8.7x | 0.7x |
| Sun, 10 Dec 2023 | €134.4b | €195.6b | €15.6b | 8.8x | 8.6x | 0.7x |
| Tue, 07 Nov 2023 | €131.6b | €196.2b | €16.0b | 9.4x | 8.2x | 0.7x |
| Thu, 05 Oct 2023 | €128.3b | €203.6b | €15.5b | 9.9x | 8.3x | 0.6x |
| Sat, 02 Sep 2023 | €128.6b | €200.0b | €15.2b | 10.8x | 8.5x | 0.6x |
| Mon, 31 Jul 2023 | €128.9b | €199.2b | €16.1b | 10.7x | 8x | 0.6x |
| Wed, 28 Jun 2023 | €123.3b | €202.6b | €17.1b | 11.4x | 7.2x | 0.6x |
| Fri, 26 May 2023 | €126.9b | €202.2b | €17.4b | 11.9x | 7.3x | 0.6x |
| Sun, 23 Apr 2023 | €132.0b | €203.0b | €17.2b | 13.8x | 7.7x | 0.7x |
| Tue, 21 Mar 2023 | €127.5b | €202.1b | €17.8b | 13x | 7.2x | 0.6x |
| Thu, 16 Feb 2023 | €134.1b | €199.9b | €17.3b | 14.1x | 7.8x | 0.7x |
| Sat, 14 Jan 2023 | €129.1b | €197.6b | €17.0b | 13.7x | 7.6x | 0.7x |
| Mon, 12 Dec 2022 | €128.0b | €197.0b | €17.1b | 12.7x | 7.5x | 0.6x |
| Wed, 09 Nov 2022 | €126.4b | €191.9b | €16.6b | 12.6x | 7.6x | 0.7x |
| Fri, 07 Oct 2022 | €119.2b | €182.6b | €16.1b | 10.9x | 7.4x | 0.7x |
| Sun, 04 Sep 2022 | €124.1b | €182.4b | €16.1b | 10.6x | 7.7x | 0.7x |
| Tue, 02 Aug 2022 | €132.3b | €177.8b | €15.0b | 13.1x | 8.8x | 0.7x |
| Thu, 30 Jun 2022 | €128.2b | €167.6b | €13.6b | 12.6x | 9.4x | 0.8x |
| Sat, 28 May 2022 | €137.0b | €164.7b | €13.1b | 13x | 10.5x | 0.8x |
| Mon, 25 Apr 2022 | €136.4b | €152.0b | €12.5b | 14.8x | 10.9x | 0.9x |
| Wed, 23 Mar 2022 | €141.0b | €150.7b | €12.4b | 13.8x | 11.4x | 0.9x |
| Fri, 18 Feb 2022 | €155.5b | €138.7b | €12.8b | 14x | 12.1x | 1.1x |
| Sun, 16 Jan 2022 | €157.1b | €137.5b | €12.6b | 14x | 12.5x | 1.1x |
| Tue, 14 Dec 2021 | €151.2b | €137.3b | €12.5b | 15.2x | 12.1x | 1.1x |
| Thu, 11 Nov 2021 | €153.5b | €135.7b | €11.7b | 14.8x | 13.1x | 1.1x |
| Sat, 09 Oct 2021 | €146.9b | €129.5b | €10.3b | 14.6x | 14.3x | 1.1x |
| Mon, 06 Sep 2021 | €147.9b | €129.6b | €10.2b | 14.3x | 14.4x | 1.1x |
| Wed, 04 Aug 2021 | €139.4b | €129.6b | €10.2b | 14.4x | 13.6x | 1.1x |
Price to Earnings Ratio
13.3x
Current Market PE
- Investors are relatively neutral on the Austrian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 9.6x.
Past Earnings Growth
- The earnings for Austrian listed companies have grown 11% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Austrian Market?
| AT Market | 1.45% | |
| Consumer Discretionary | 7.36% | |
| Energy | 2.22% | |
| Financials | 2.13% | |
| Utilities | 1.97% | |
| Materials | 0.97% | |
| Consumer Staples | 0.85% | |
| Industrials | 0.42% | |
| Healthcare | 0% | |
| Tech | -0.26% | |
| Telecom | -0.32% | |
| Real Estate | -0.82% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 19.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.0% which is higher than its past year's earnings decline of 5.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings growth rate of 57% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 18% 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 | Sector | |
|---|---|---|---|---|---|---|
| VER VERBUND | €75.30 | 1.8% +€469.0m | 8.7% | PE11.7x | Utilities | |
| EBS Erste Group Bank | €43.99 | 2.1% +€366.6m | 43.1% | PB0.8x | Financials | |
| OMV OMV | €39.66 | 2.3% +€287.9m | 3.4% | PE8.3x | Energy | |
| VOE Voestalpine | €25.78 | 5.1% +€212.6m | -21.2% | PE40.4x | Materials | |
| EVN EVN | €30.00 | 2.9% +€151.5m | 51.1% | PE10.5x | Utilities |
