Estimating The Fair Value Of IMMOFINANZ AG (VIE:IIA)
Oct 12
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Austrian (ATX) Market Analysis & Valuation
UpdatedOct 13, 2024
DataAggregated Company Financials
Companies67
- 7D0.3%
- 3M-2.3%
- 1Y5.6%
- YTD0.7%
Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 4.0%. More promisingly, the market is up 5.6% over the past year. As for the next few years, earnings are expected to grow by 6.9% per annum.
Market Valuation and Performance
Has the Austrian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Oct 2024 | €137.9b | €179.0b | €13.8b | 12.2x | 10x | 0.8x |
| Tue, 10 Sep 2024 | €139.8b | €179.0b | €13.8b | 11.4x | 10.1x | 0.8x |
| Thu, 08 Aug 2024 | €137.6b | €178.2b | €13.6b | 11x | 10.1x | 0.8x |
| Sat, 06 Jul 2024 | €142.0b | €180.1b | €14.0b | 10.9x | 10.1x | 0.8x |
| Mon, 03 Jun 2024 | €141.7b | €180.6b | €14.5b | 11.3x | 9.8x | 0.8x |
| Wed, 01 May 2024 | €137.1b | €184.4b | €14.6b | 10.1x | 9.4x | 0.7x |
| Fri, 29 Mar 2024 | €134.9b | €188.5b | €14.9b | 9.8x | 9.1x | 0.7x |
| Sun, 25 Feb 2024 | €130.6b | €190.5b | €15.3b | 8.7x | 8.5x | 0.7x |
| Tue, 23 Jan 2024 | €134.1b | €195.4b | €15.9b | 8.6x | 8.5x | 0.7x |
| Thu, 21 Dec 2023 | €136.3b | €195.5b | €15.9b | 8.7x | 8.6x | 0.7x |
| Sat, 18 Nov 2023 | €133.4b | €195.2b | €15.7b | 9.1x | 8.5x | 0.7x |
| Mon, 16 Oct 2023 | €130.3b | €203.7b | €15.5b | 9.9x | 8.4x | 0.6x |
| Wed, 13 Sep 2023 | €129.1b | €203.5b | €15.5b | 10.5x | 8.4x | 0.6x |
| Fri, 11 Aug 2023 | €128.1b | €199.3b | €15.9b | 11.4x | 8.1x | 0.6x |
| Sun, 09 Jul 2023 | €125.2b | €202.6b | €17.1b | 10.9x | 7.3x | 0.6x |
| Tue, 06 Jun 2023 | €126.6b | €202.3b | €17.4b | 11.7x | 7.3x | 0.6x |
| Thu, 04 May 2023 | €129.0b | €204.7b | €17.0b | 13.4x | 7.6x | 0.6x |
| Sat, 01 Apr 2023 | €130.2b | €202.3b | €17.3b | 13.6x | 7.5x | 0.6x |
| Mon, 27 Feb 2023 | €135.2b | €200.7b | €17.3b | 14x | 7.8x | 0.7x |
| Wed, 25 Jan 2023 | €130.7b | €197.6b | €17.0b | 14x | 7.7x | 0.7x |
| Fri, 23 Dec 2022 | €125.3b | €197.6b | €17.0b | 13.4x | 7.4x | 0.6x |
| Sun, 20 Nov 2022 | €130.8b | €196.3b | €17.0b | 12.5x | 7.7x | 0.7x |
| Tue, 18 Oct 2022 | €115.9b | €182.8b | €16.0b | 10.6x | 7.2x | 0.6x |
| Thu, 15 Sep 2022 | €126.7b | €182.6b | €16.1b | 10.5x | 7.9x | 0.7x |
| Sat, 13 Aug 2022 | €133.9b | €180.9b | €16.3b | 12.6x | 8.2x | 0.7x |
| Mon, 11 Jul 2022 | €128.1b | €167.8b | €13.6b | 12.3x | 9.4x | 0.8x |
| Wed, 08 Jun 2022 | €139.4b | €166.7b | €13.4b | 13.2x | 10.4x | 0.8x |
| Fri, 06 May 2022 | €131.2b | €162.7b | €12.7b | 13.1x | 10.3x | 0.8x |
| Sun, 03 Apr 2022 | €136.8b | €151.1b | €12.4b | 14.1x | 11x | 0.9x |
| Tue, 01 Mar 2022 | €143.6b | €139.5b | €12.9b | 13.9x | 11.1x | 1x |
| Thu, 27 Jan 2022 | €152.6b | €137.5b | €12.6b | 14x | 12.1x | 1.1x |
| Sat, 25 Dec 2021 | €155.4b | €137.4b | €12.6b | 14.5x | 12.3x | 1.1x |
| Mon, 22 Nov 2021 | €148.0b | €136.8b | €12.2b | 14.9x | 12.1x | 1.1x |
| Wed, 20 Oct 2021 | €150.8b | €129.6b | €10.3b | 14.6x | 14.7x | 1.2x |
Price to Earnings Ratio
14.7x
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 9.2x.
Past Earnings Growth
- The earnings for Austrian listed companies have grown 10% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 0.27% | |
| Financials | 2.38% | |
| Tech | 2.16% | |
| Telecom | 1.51% | |
| Consumer Staples | 0.55% | |
| Industrials | 0.19% | |
| Utilities | 0.017% | |
| Healthcare | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -1.07% | |
| Energy | -1.61% | |
| Real Estate | -2.88% | |
| Materials | -4.00% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 9.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 69.5%, which is higher than its past year's earnings growth of 15.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 72% over the next 5 years.
- However this is lower than its past earnings growth rate of 113% per year.
- In contrast, the Consumer Discretionary sector is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|---|
| EBS Erste Group Bank | €49.58 | 2.1% +€407.4m | 52.4% | PB0.9x | Financials | |
| RBI Raiffeisen Bank International | €18.49 | 6.1% +€348.1m | 37.4% | PB0.3x | Financials | |
| BG BAWAG Group | €69.50 | 5.0% +€259.1m | 55.1% | PB1.3x | Financials | |
| FLU Flughafen Wien | €52.60 | 3.1% +€134.2m | 5.5% | PE23x | Industrials | |
| VER VERBUND | €74.00 | 0.3% +€86.9m | -12.1% | PE13.6x | Utilities |
