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 30, 2024
DataAggregated Company Financials
Companies64
- 7D-0.02%
- 3M-5.7%
- 1Y0.3%
- YTD-1.1%
In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 8.4%. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 8.7% 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 |
|---|---|---|---|---|---|---|
| Sat, 30 Nov 2024 | €135.2b | €177.4b | €12.6b | 13x | 10.7x | 0.8x |
| Mon, 28 Oct 2024 | €137.5b | €179.1b | €13.7b | 12.7x | 10x | 0.8x |
| Wed, 25 Sep 2024 | €137.5b | €179.1b | €13.7b | 12.3x | 10x | 0.8x |
| Fri, 23 Aug 2024 | €141.2b | €178.4b | €13.5b | 11.3x | 10.5x | 0.8x |
| Sun, 21 Jul 2024 | €140.2b | €180.2b | €14.0b | 10.7x | 10x | 0.8x |
| Tue, 18 Jun 2024 | €137.2b | €180.1b | €14.0b | 11.2x | 9.8x | 0.8x |
| Thu, 16 May 2024 | €141.9b | €180.7b | €14.7b | 10.5x | 9.7x | 0.8x |
| Sat, 13 Apr 2024 | €136.6b | €188.2b | €14.5b | 9.8x | 9.4x | 0.7x |
| Mon, 11 Mar 2024 | €131.9b | €190.5b | €15.5b | 8.9x | 8.5x | 0.7x |
| Wed, 07 Feb 2024 | €133.5b | €191.1b | €15.4b | 8.7x | 8.7x | 0.7x |
| Fri, 05 Jan 2024 | €137.4b | €195.3b | €15.9b | 8.7x | 8.7x | 0.7x |
| Sun, 03 Dec 2023 | €134.4b | €195.4b | €15.7b | 8.9x | 8.6x | 0.7x |
| Tue, 31 Oct 2023 | €127.2b | €204.6b | €16.1b | 9.3x | 7.9x | 0.6x |
| Thu, 28 Sep 2023 | €128.3b | €203.6b | €15.5b | 10.2x | 8.3x | 0.6x |
| Sat, 26 Aug 2023 | €126.6b | €199.0b | €15.3b | 12.9x | 8.3x | 0.6x |
| Mon, 24 Jul 2023 | €129.0b | €202.8b | €17.2b | 10.8x | 7.5x | 0.6x |
| Wed, 21 Jun 2023 | €126.0b | €202.6b | €17.1b | 11.8x | 7.4x | 0.6x |
| Fri, 19 May 2023 | €128.0b | €202.0b | €17.3b | 12.3x | 7.4x | 0.6x |
| Sun, 16 Apr 2023 | €131.8b | €202.3b | €17.2b | 13.9x | 7.7x | 0.7x |
| Tue, 14 Mar 2023 | €132.3b | €200.2b | €17.4b | 13.1x | 7.6x | 0.7x |
| Thu, 09 Feb 2023 | €133.8b | €199.1b | €17.3b | 14.1x | 7.7x | 0.7x |
| Sat, 07 Jan 2023 | €128.2b | €197.5b | €17.0b | 13.8x | 7.6x | 0.6x |
| Mon, 05 Dec 2022 | €129.4b | €196.5b | €17.1b | 13x | 7.5x | 0.7x |
| Wed, 02 Nov 2022 | €121.8b | €190.3b | €16.4b | 12.5x | 7.4x | 0.6x |
| Fri, 30 Sep 2022 | €115.7b | €182.6b | €16.1b | 10.3x | 7.2x | 0.6x |
| Sun, 28 Aug 2022 | €131.1b | €181.4b | €16.2b | 11.1x | 8.1x | 0.7x |
| Tue, 26 Jul 2022 | €130.7b | €167.8b | €13.6b | 12.3x | 9.6x | 0.8x |
| Thu, 23 Jun 2022 | €129.2b | €167.6b | €13.6b | 12.7x | 9.5x | 0.8x |
| Sat, 21 May 2022 | €132.0b | €163.6b | €13.1b | 12.3x | 10.1x | 0.8x |
| Mon, 18 Apr 2022 | €135.8b | €151.8b | €12.4b | 14.2x | 11x | 0.9x |
| Wed, 16 Mar 2022 | €133.8b | €148.0b | €12.2b | 13x | 10.9x | 0.9x |
| Fri, 11 Feb 2022 | €159.8b | €138.6b | €12.7b | 14x | 12.6x | 1.2x |
| Sun, 09 Jan 2022 | €157.0b | €137.4b | €12.6b | 14.3x | 12.5x | 1.1x |
| Tue, 07 Dec 2021 | €150.3b | €137.3b | €12.5b | 15.1x | 12x | 1.1x |
Price to Earnings Ratio
12x
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 10.7x 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 | -0.018% | |
| Real Estate | 2.82% | |
| Telecom | 0.75% | |
| Financials | 0.49% | |
| Industrials | 0.22% | |
| Materials | 0.15% | |
| Healthcare | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.52% | |
| Consumer Staples | -1.16% | |
| Energy | -2.29% | |
| Tech | -4.14% | |
| Consumer Discretionary | -5.84% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 9.2x.
- 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 | |
|---|---|---|---|---|---|---|
| RBI Raiffeisen Bank International | €18.46 | 3.4% +€200.4m | 19.4% | PB0.3x | Financials | |
| BG BAWAG Group | €75.00 | 2.1% +€121.7m | 54.9% | PB1.3x | Financials | |
| CAI CA Immobilien Anlagen | €23.88 | 3.9% +€87.9m | -21.7% | PS8.4x | Real Estate | |
| ANDR Andritz | €52.90 | 1.6% +€84.3m | 5.2% | PE10.5x | Industrials | |
| IIA IMMOFINANZ | €15.80 | 3.4% +€71.7m | -16.6% | PS2.9x | Real Estate |
