AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS) Might Not Be As Mispriced As It Looks After Plunging 30%
Nov 22
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Austrian (ATX) Market Analysis & Valuation
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies65
- 7D-0.3%
- 3M-4.9%
- 1Y2.5%
- YTD-1.1%
Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 6.4% in that time. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 8.8% 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 |
|---|---|---|---|---|---|---|
| Sat, 23 Nov 2024 | €135.2b | €177.1b | €12.7b | 12.5x | 10.6x | 0.8x |
| Mon, 21 Oct 2024 | €138.7b | €179.1b | €13.7b | 12.7x | 10.1x | 0.8x |
| Wed, 18 Sep 2024 | €138.5b | €179.0b | €13.8b | 12.1x | 10x | 0.8x |
| Fri, 16 Aug 2024 | €140.3b | €178.4b | €13.4b | 11.2x | 10.4x | 0.8x |
| Sun, 14 Jul 2024 | €141.5b | €180.1b | €14.0b | 11.5x | 10.1x | 0.8x |
| Tue, 11 Jun 2024 | €140.6b | €180.1b | €14.0b | 11.3x | 10.1x | 0.8x |
| Thu, 09 May 2024 | €138.4b | €181.7b | €14.6b | 10.4x | 9.5x | 0.8x |
| Sat, 06 Apr 2024 | €135.3b | €188.2b | €14.5b | 9.7x | 9.3x | 0.7x |
| Mon, 04 Mar 2024 | €131.4b | €191.5b | €15.5b | 8.9x | 8.5x | 0.7x |
| Wed, 31 Jan 2024 | €135.8b | €195.4b | €15.9b | 8.5x | 8.6x | 0.7x |
| Fri, 29 Dec 2023 | €136.5b | €195.5b | €15.9b | 8.9x | 8.6x | 0.7x |
| Sun, 26 Nov 2023 | €131.7b | €195.3b | €15.8b | 8.9x | 8.4x | 0.7x |
| Tue, 24 Oct 2023 | €126.4b | €204.1b | €15.8b | 9.4x | 8x | 0.6x |
| Thu, 21 Sep 2023 | €131.9b | €203.6b | €15.5b | 11x | 8.5x | 0.6x |
| Sat, 19 Aug 2023 | €126.7b | €198.9b | €15.4b | 12.8x | 8.2x | 0.6x |
| Mon, 17 Jul 2023 | €127.0b | €202.7b | €17.1b | 11x | 7.4x | 0.6x |
| Wed, 14 Jun 2023 | €127.5b | €202.4b | €17.1b | 11.9x | 7.4x | 0.6x |
| Fri, 12 May 2023 | €129.7b | €201.1b | €17.2b | 12.5x | 7.5x | 0.6x |
| Sun, 09 Apr 2023 | €130.5b | €196.2b | €17.2b | 13.4x | 7.6x | 0.7x |
| Tue, 07 Mar 2023 | €137.3b | €200.2b | €17.5b | 14x | 7.8x | 0.7x |
| Thu, 02 Feb 2023 | €131.9b | €198.7b | €17.6b | 14.1x | 7.5x | 0.7x |
| Sat, 31 Dec 2022 | €125.6b | €197.5b | €17.0b | 13.3x | 7.4x | 0.6x |
| Mon, 28 Nov 2022 | €132.0b | €196.4b | €17.1b | 13.4x | 7.7x | 0.7x |
| Wed, 26 Oct 2022 | €119.1b | €182.6b | €15.9b | 11.9x | 7.5x | 0.7x |
| Fri, 23 Sep 2022 | €121.5b | €182.7b | €16.1b | 10.6x | 7.5x | 0.7x |
| Sun, 21 Aug 2022 | €132.6b | €181.3b | €16.3b | 11.7x | 8.1x | 0.7x |
| Tue, 19 Jul 2022 | €127.9b | €167.8b | €13.6b | 12.1x | 9.4x | 0.8x |
| Thu, 16 Jun 2022 | €133.1b | €167.4b | €13.6b | 12.8x | 9.8x | 0.8x |
| Sat, 14 May 2022 | €128.3b | €163.5b | €13.0b | 12.6x | 9.8x | 0.8x |
| Mon, 11 Apr 2022 | €135.1b | €151.1b | €12.4b | 14.2x | 10.9x | 0.9x |
| Wed, 09 Mar 2022 | €125.9b | €139.9b | €13.5b | 12.3x | 9.3x | 0.9x |
| Fri, 04 Feb 2022 | €156.0b | €137.5b | €12.6b | 14.1x | 12.4x | 1.1x |
| Sun, 02 Jan 2022 | €154.7b | €137.4b | €12.6b | 14.6x | 12.3x | 1.1x |
| Tue, 30 Nov 2021 | €146.9b | €137.1b | €12.4b | 14.8x | 11.9x | 1.1x |
Price to Earnings Ratio
11.9x
Current Market PE
- Investors are optimistic on the Austrian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 10.6x which is higher than its 3-year average PE of 9.1x.
Past Earnings Growth
- The earnings for Austrian listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 8.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Austrian Market?
| AT Market | -0.34% | |
| Consumer Discretionary | 6.43% | |
| Consumer Staples | 2.48% | |
| Energy | 0.31% | |
| Utilities | 0.043% | |
| Healthcare | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -0.084% | |
| Financials | -0.33% | |
| Real Estate | -0.34% | |
| Industrials | -0.40% | |
| Materials | -1.95% | |
| Tech | -14.94% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 9.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 85% over the next 5 years.
- In contrast, the Utilities sector is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|---|
| OMV OMV | €38.86 | 0.6% +€72.0m | -3.4% | PE9.6x | Energy | |
| BG BAWAG Group | €73.45 | 1.2% +€70.7m | 54.1% | PB1.3x | Financials | |
| TKA Telekom Austria | €7.77 | 1.0% +€53.1m | 9.4% | PE8.8x | Telecom | |
| VER VERBUND | €75.75 | 0.2% +€52.1m | -8.5% | PE15.7x | Utilities | |
| RBI Raiffeisen Bank International | €17.85 | 0.7% +€42.7m | 17.7% | PB0.3x | Financials |
