WBAG:FACC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has FACC's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FACC is more volatile than 90% of Austrian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: FACC's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Austrian stocks.


Market Performance


7 Day Return

3.9%

FACC

0.9%

AT Aerospace & Defense

2.4%

AT Market


1 Year Return

-26.4%

FACC

-23.7%

AT Aerospace & Defense

-14.7%

AT Market

Return vs Industry: FACC underperformed the Austrian Aerospace & Defense industry which returned -21.7% over the past year.

Return vs Market: FACC underperformed the Austrian Market which returned -14.5% over the past year.


Shareholder returns

FACCIndustryMarket
7 Day3.9%0.9%2.4%
30 Day82.6%32.0%17.3%
90 Day57.2%17.7%12.5%
1 Year-26.4%-26.4%-23.2%-23.7%-12.5%-14.7%
3 Year-33.6%-35.0%8.5%3.3%-7.0%-15.3%
5 Year24.1%21.5%45.3%32.0%35.8%17.2%

Long-Term Price Volatility Vs. Market

How volatile is FACC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FACC (€9.27) is trading above our estimate of fair value (€6.17)

Significantly Below Fair Value: FACC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FACC is unprofitable, so we can't compare its PE Ratio to the XE Aerospace & Defense industry average.

PE vs Market: FACC is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FACC is good value based on its PB Ratio (1.6x) compared to the XE Aerospace & Defense industry average (2x).


Next Steps

Future Growth

How is FACC forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

92.7%

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 (0.5%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: FACC's revenue (10.8% per year) is forecast to grow faster than the Austrian market (5.4% per year).

High Growth Revenue: FACC's revenue (10.8% 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 (1.8%).


Next Steps

Past Performance

How has FACC performed over the past 5 years?

22.4%

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, but has reduced losses over the past 5 years at a rate of 22.4% 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 (-12.8%).


Return on Equity

High ROE: FACC has a negative Return on Equity (-16.4%), as it is currently unprofitable.


Next Steps

Financial Health

How is FACC's financial position?


Financial Position Analysis

Short Term Liabilities: FACC's short term assets (€332.6M) exceed its short term liabilities (€222.0M).

Long Term Liabilities: FACC's short term assets (€332.6M) exceed its long term liabilities (€185.2M).


Debt to Equity History and Analysis

Debt Level: FACC's debt to equity ratio (80.7%) is considered high.

Reducing Debt: FACC's debt to equity ratio has increased from 65.6% to 80.7% over the past 5 years.

Debt Coverage: FACC's debt is well covered by operating cash flow (21.6%).

Interest Coverage: Insufficient data to determine if FACC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.26%

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FACC's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Robert Machtlinger (53 yo)

3.92yrs

Tenure

€598,400

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 ($USD712.47K) is below average for companies of similar size in the Austrian market ($USD1.12M).

Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Machtlinger
Chairman of Management Board & CEO3.92yrs€598.40kno data
Aleš Stárek
CFO & Member of Management Board4.08yrs€433.00kno data
Yongsheng Wang
Chief Compliance Officer & Member of Management Board4.75yrs€336.00kno data
Andreas Ockel
COO & Member of Management Board3yrs€532.40kno data
Manuel Taverne
Director of Investor Relationsno datano datano data
Hermann Filsegger
Head of Design Organizationno datano datano data
Rudolf Leitner
Executive Vice President of Purchasingno datano datano data

4.0yrs

Average Tenure

53.5yo

Average Age

Experienced Management: FACC's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Williams
Supervisory Board Member0.83yrno datano data
George Maffeo
Independent Member of Supervisory Board4.83yrs€22.83kno data
Weixi Gong
Independent Member of Supervisory Board6.5yrs€22.83kno data
Ulrike Reiter
Employee Representative Member of Supervisory Board6.5yrsno datano data
Barbara Huber
Employee Representative Member of Supervisory Board0.33yrno datano data
Peter Krohe
Employee Representative Member of Supervisory Board6.5yrsno datano data
Karin Klee
Employee Representative Member of Supervisory Board2.75yrsno datano data
Junqi Sheng
Independent Member of Supervisory Board3.33yrs€23.03kno data
Jiajia Dai
Independent Member of Supervisory Board1.67yrs€2.20kno data
Zhen Pang
Independent Chairman of Supervisory Board0.83yr€2.30kno data
Jing Guo
Independent Member of Supervisory Board2.42yrs€4.00kno data
Qinghong Liu
Independent Member of Supervisory Board2.42yrs€2.00kno data

2.6yrs

Average Tenure

55.5yo

Average Age

Experienced Board: FACC's board of directors are not considered experienced ( 2.6 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 company bio, 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
  • Market Cap: €413.942m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FACCWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 2014
FACCVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 2014
0QW9LSE (London Stock Exchange)YesBearer SharesGBEURJun 2014
1FCDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 2014
1FCXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 2014
FACCSEP (The Stock Exchange Prague Co. Ltd.)YesBearer SharesCZCZKJun 2014

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 20:25
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.