Estimating The Intrinsic Value Of Fraport AG (ETR:FRA)
Apr 06
German (DAX) Infrastructure Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies4
- 7D-4.0%
- 3M-9.8%
- 1Y2.0%
- YTD-12.5%
Over the last 7 days, the Infrastructure industry has dropped 5.9%, driven by pullbacks from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the German Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | €5.9b | €6.9b | €467.2m | 23.9x | 12.6x | 0.9x |
| Sat, 16 Mar 2024 | €6.5b | €6.7b | €471.8m | 24.2x | 13.8x | 1x |
| Mon, 12 Feb 2024 | €6.5b | €6.7b | €471.8m | 23.8x | 13.7x | 1x |
| Wed, 10 Jan 2024 | €6.8b | €6.7b | €471.8m | 24.5x | 14.4x | 1x |
| Fri, 08 Dec 2023 | €6.8b | €6.7b | €471.8m | 24.6x | 14.3x | 1x |
| Sun, 05 Nov 2023 | €6.4b | €6.6b | €373.1m | 19.9x | 17.1x | 1x |
| Tue, 03 Oct 2023 | €6.3b | €6.6b | €373.0m | 19.7x | 17x | 1x |
| Thu, 31 Aug 2023 | €5.8b | €6.6b | €410.4m | 15.6x | 14.2x | 0.9x |
| Sat, 29 Jul 2023 | €5.7b | €6.4b | €383.0m | 16.1x | 14.9x | 0.9x |
| Mon, 26 Jun 2023 | €5.7b | €6.4b | €383.0m | 16x | 14.9x | 0.9x |
| Wed, 24 May 2023 | €6.0b | €6.4b | €403.0m | 15.3x | 14.8x | 0.9x |
| Fri, 21 Apr 2023 | €5.8b | €6.1b | €340.3m | 20x | 17x | 0.9x |
| Sun, 19 Mar 2023 | €5.5b | €6.1b | €350.4m | 20.1x | 15.8x | 0.9x |
| Tue, 14 Feb 2023 | €6.2b | €5.9b | €269.6m | 20.5x | 23.1x | 1.1x |
| Thu, 12 Jan 2023 | €5.8b | €5.9b | €269.6m | 20.7x | 21.4x | 1x |
| Sat, 10 Dec 2022 | €5.3b | €5.9b | €284.3m | 18.7x | 18.6x | 0.9x |
| Mon, 07 Nov 2022 | €5.0b | €5.6b | €246.2m | 20.1x | 20.5x | 0.9x |
| Wed, 05 Oct 2022 | €4.9b | €5.6b | €235.7m | 18.7x | 20.9x | 0.9x |
| Fri, 02 Sep 2022 | €5.2b | €5.5b | €198.9m | 22.9x | 26.3x | 0.9x |
| Sun, 31 Jul 2022 | €5.6b | €5.1b | €221.2m | 21.6x | 25.4x | 1.1x |
| Tue, 28 Jun 2022 | €5.8b | €5.1b | €219.9m | 23.8x | 26.4x | 1.1x |
| Thu, 26 May 2022 | €6.4b | €5.1b | €219.7m | 24.3x | 28.9x | 1.2x |
| Sat, 23 Apr 2022 | €6.6b | €4.9b | €167.4m | 35.4x | 39.4x | 1.3x |
| Mon, 21 Mar 2022 | €6.6b | €4.9b | €139.8m | 36.8x | 47.3x | 1.4x |
| Wed, 16 Feb 2022 | €7.9b | €4.6b | €11.8m | 27.2x | 669.7x | 1.7x |
| Fri, 14 Jan 2022 | €7.9b | €4.6b | €11.8m | 27x | 673.8x | 1.7x |
| Sun, 12 Dec 2021 | €7.2b | €4.6b | €12.0m | 27.5x | 603.5x | 1.6x |
| Tue, 09 Nov 2021 | €8.3b | €4.3b | -€386,207,396.00 | 30.1x | -21.4x | 1.9x |
| Thu, 07 Oct 2021 | €7.5b | €4.3b | -€384,118,400.00 | 30.2x | -19.6x | 1.8x |
| Sat, 04 Sep 2021 | €6.8b | €3.2b | -€409,606,048.59 | 21.2x | -16.6x | 2.1x |
| Mon, 02 Aug 2021 | €7.1b | €3.2b | -€409,606,048.59 | 22x | -17.3x | 2.2x |
| Thu, 06 May 2021 | €7.0b | €3.0b | -€690,706,048.59 | 28.3x | -10.2x | 2.4x |
Price to Earnings Ratio
-10.2x
Current Industry PE
- Investors are pessimistic on the German Infrastructure 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 12.5x which is lower than its 3-year average PE of 79.4x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.85x.
Past Earnings Growth
- Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 32% 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 German Industrials industry?
| DE Market | -2.53% | |
| Industrials | -1.74% | |
| Infrastructure | -4.04% | |
| Highways and Railtracks | 0% | |
| Marine Ports and Services | -1.58% | |
| Airport Services | -4.98% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry even though it's trading below its 3-year average PE ratio of 64.2x.
- Analysts are expecting annual earnings growth of 48.0%, which is higher than its past year's earnings decline of 53.5% per year.
- Investors are most pessimistic about the Airport Services industry, which is trading below its 3-year average of 35.7x.
Forecasted Growth
- Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 53% per year.
- In contrast, the Airport Services industry is expected to see its earnings grow by 5.6% 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 | |
|---|---|---|---|---|---|
| BLH BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- | €9.35 | 8.7% +€2.9m | 3.9% | PE37.2x | |
| HHFA Hamburger Hafen und Logistik | €16.76 | 0.1% +€1.5m | 34.9% | PE63.1x |