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FACC

FACC WBAG:FACC Stock Report

Last Price

€6.90

Market Cap

€320.1m

7D

-4.8%

1Y

-29.0%

Updated

04 Jul, 2022

Data

Company Financials +
FACC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

FACC Stock Overview

FACC AG, together with its subsidiaries, develops, produces, and maintains aircraft components and systems worldwide.

Rewards

Trading at 91.7% below our estimate of its fair value

Earnings are forecast to grow 54.72% per year

Risk Analysis

No risks detected for FACC from our risk checks.

FACC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FACC
Historical stock prices
Current Share Price€6.90
52 Week High€10.46
52 Week Low€6.60
Beta2.1
1 Month Change-13.21%
3 Month Change-14.29%
1 Year Change-29.01%
3 Year Change-42.21%
5 Year Change-22.56%
Change since IPO-27.37%

Recent News & Updates

Apr 12
FACC (VIE:FACC) Has A Somewhat Strained Balance Sheet

FACC (VIE:FACC) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Feb 25
Returns At FACC (VIE:FACC) Are On The Way Up

Returns At FACC (VIE:FACC) Are On The Way Up

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Shareholder Returns

FACCAT Aerospace & DefenseAT Market
7D-4.8%3.3%-1.9%
1Y-29.0%4.3%-9.6%

Return vs Industry: FACC underperformed the Austrian Aerospace & Defense industry which returned 4.3% over the past year.

Return vs Market: FACC underperformed the Austrian Market which returned -9.6% over the past year.

Price Volatility

Is FACC's price volatile compared to industry and market?
FACC volatility
FACC Average Weekly Movement6.3%
Aerospace & Defense Industry Average Movement5.3%
Market Average Movement5.0%
10% most volatile stocks in AT Market7.4%
10% least volatile stocks in AT Market2.8%

Stable Share Price: FACC is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FACC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19812,686Robert Machtlingerhttps://www.facc.com

FACC AG, together with its subsidiaries, develops, produces, and maintains aircraft components and systems worldwide. It operates in three segments: Aerostructures, Engines and Nacelles, and Cabin Interiors. The Aerostructures segment develops, produces, distributes, and repairs structural components.

FACC Fundamentals Summary

How do FACC's earnings and revenue compare to its market cap?
FACC fundamental statistics
Market Cap€320.07m
Earnings (TTM)-€23.51m
Revenue (TTM)€506.93m

0.6x

P/S Ratio

-13.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FACC income statement (TTM)
Revenue€506.93m
Cost of Revenue€471.09m
Gross Profit€35.84m
Other Expenses€59.35m
Earnings-€23.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)-0.51
Gross Margin7.07%
Net Profit Margin-4.64%
Debt/Equity Ratio96.8%

How did FACC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FACC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FACC?

Other financial metrics that can be useful for relative valuation.

FACC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA32.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does FACC's PS Ratio compare to its peers?

FACC PS Ratio vs Peers
The above table shows the PS ratio for FACC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.2x
ZAG Zumtobel Group
0.3x1.3%€302.0m
ROS Rosenbauer International
0.2x6.8%€215.6m
POS PORR
0.08x2.2%€443.0m
SEM Semperit Holding
0.3x3.9%€378.6m
FACC FACC
0.6x11.8%€316.0m

Price-To-Sales vs Peers: FACC is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.2x).


Price to Earnings Ratio vs Industry

How does FACC's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

Price-To-Sales vs Industry: FACC is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Aerospace & Defense industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is FACC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FACC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: FACC is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).


Share Price vs Fair Value

What is the Fair Price of FACC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FACC (€6.9) is trading below our estimate of fair value (€83.18)

Significantly Below Fair Value: FACC is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FACC's PEG Ratio to determine if it is good value.


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Future Growth

How is FACC forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FACC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: FACC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FACC is expected to become profitable in the next 3 years.

Revenue vs Market: FACC's revenue (11.8% per year) is forecast to grow faster than the Austrian market (1% per year).

High Growth Revenue: FACC's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FACC's Return on Equity is forecast to be low in 3 years time (8.8%).


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Past Performance

How has FACC performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-61.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FACC is currently unprofitable.

Growing Profit Margin: FACC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FACC is unprofitable, and losses have increased over the past 5 years at a rate of 61.7% per year.

Accelerating Growth: Unable to compare FACC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FACC is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (17.1%).


Return on Equity

High ROE: FACC has a negative Return on Equity (-11.62%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is FACC's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FACC's short term assets (€314.5M) exceed its short term liabilities (€258.8M).

Long Term Liabilities: FACC's short term assets (€314.5M) exceed its long term liabilities (€171.7M).


Debt to Equity History and Analysis

Debt Level: FACC's net debt to equity ratio (58.7%) is considered high.

Reducing Debt: FACC's debt to equity ratio has increased from 83.2% to 96.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FACC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FACC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.7% per year.


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Dividend

What is FACC current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.03%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FACC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FACC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FACC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FACC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: FACC is not paying a notable dividend for the Austrian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FACC has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Robert Machtlinger (55 yo)

8.17yrs

Tenure

€613,385

Compensation

Mr. Robert Machtlinger has been Chief Executive Officer of FACC AG since February 2017 and serves as its Chairman of Management Board. Mr. Machtlinger and has been Member of Executive Board of FACC AG sinc...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD639.68K) is below average for companies of similar size in the Austrian market ($USD1.30M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FACC's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: FACC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FACC AG's employee growth, exchange listings and data sources


Key Information

  • Name: FACC AG
  • Ticker: FACC
  • Exchange: WBAG
  • Founded: 1981
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: €320.072m
  • Shares outstanding: 45.79m
  • Website: https://www.facc.com

Number of Employees


Location

  • FACC AG
  • Fischerstrasse 9
  • Ried im Innkreis
  • Upper Austria
  • 4910
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.