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PORR

WBAG:POS
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
POS
WBAG
€663M
Market Cap
  1. Home
  2. AT
  3. Capital Goods
Company description

PORR AG operates as a construction company in Austria, Germany, Poland, the Czech Republic, Qatar, Italy, Romania, Bulgaria, Switzerland, Serbia, Great Britain, Slovakia, Norway, Croatia, and internationally. The last earnings update was 140 days ago. More info.


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POS Share Price and Events
7 Day Returns
6.5%
WBAG:POS
1.5%
Europe Construction
3.4%
AT Market
1 Year Returns
-16.5%
WBAG:POS
-2.3%
Europe Construction
-2%
AT Market
POS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PORR (POS) 6.5% 6.7% 19.4% -16.5% -15% -9.6%
Europe Construction 1.5% 1.6% 13.3% -2.3% 12% 11%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • POS underperformed the Construction industry which returned -2.3% over the past year.
  • POS underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
POS
Industry
5yr Volatility vs Market

Value

 Is PORR undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PORR to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PORR.

WBAG:POS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:POS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 25%) (94.23%))
1.514
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.514 * 6.51%)
10.36%

Discounted Cash Flow Calculation for WBAG:POS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PORR is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:POS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.36%)
2019 9.61 Est @ -0.18% 8.71
2020 39.80 Analyst x1 32.68
2021 43.50 Analyst x1 32.36
2022 104.10 Analyst x2 70.17
2023 103.60 Analyst x2 63.27
2024 103.62 Est @ 0.02% 57.35
2025 103.80 Est @ 0.17% 52.05
2026 104.08 Est @ 0.27% 47.29
2027 104.44 Est @ 0.34% 43.00
2028 104.85 Est @ 0.39% 39.11
Present value of next 10 years cash flows €445.97
WBAG:POS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €104.85 × (1 + 0.51%) ÷ (10.36% – 0.51%)
€1,069.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,069.48 ÷ (1 + 10.36%)10
€398.93
WBAG:POS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €445.97 + €398.93
€844.91
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €844.91 / 28.88
€29.26
WBAG:POS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €29.26
Current discount Discount to share price of €22.95
= -1 x (€22.95 - €29.26) / €29.26
21.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PORR is available for.
Intrinsic value
22%
Share price is €22.95 vs Future cash flow value of €29.26
Current Discount Checks
For PORR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PORR's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PORR's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PORR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PORR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:POS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €2.14
WBAG:POS Share Price ** WBAG (2019-04-18) in EUR €22.95
Europe Construction Industry PE Ratio Median Figure of 93 Publicly-Listed Construction Companies 10.91x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PORR.

WBAG:POS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:POS Share Price ÷ EPS (both in EUR)

= 22.95 ÷ 2.14

10.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PORR is good value based on earnings compared to the Europe Construction industry average.
  • PORR is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does PORR's expected growth come at a high price?
Raw Data
WBAG:POS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15.7%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.22x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:POS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.72x ÷ 15.7%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PORR is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PORR's assets?
Raw Data
WBAG:POS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €18.28
WBAG:POS Share Price * WBAG (2019-04-18) in EUR €22.95
Europe Construction Industry PB Ratio Median Figure of 130 Publicly-Listed Construction Companies 1.2x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:POS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:POS Share Price ÷ Book Value per Share (both in EUR)

= 22.95 ÷ 18.28

1.26x

* Primary Listing of PORR.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PORR is overvalued based on assets compared to the Europe Construction industry average.
X
Value checks
We assess PORR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. PORR has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PORR expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PORR expected to grow at an attractive rate?
  • PORR's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • PORR's earnings growth is expected to exceed the Austria market average.
  • PORR's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:POS Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:POS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15.7%
WBAG:POS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.5%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:POS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:POS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,770 1
2022-12-31 5,645 1
2021-12-31 5,518 1
2020-12-31 5,376 207 84 3
2019-12-31 5,162 196 76 3
2018-12-31 4,829 109 60 3
WBAG:POS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 4,934 166 62
2018-06-30 4,756 142 63
2018-03-31 4,549 104 59
2017-12-31 4,305 -16 60
2017-09-30 3,956 -108 54
2017-06-30 3,685 -96 50
2017-03-31 3,487 -33 64
2016-12-31 3,422 56 64
2016-09-30 3,388 159 65
2016-06-30 3,331 258 63
2016-03-31 3,213 196 61
2015-12-31 3,143 193 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PORR's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • PORR's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:POS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from PORR Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:POS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 2.89 3.69 2.43 3.00
2019-12-31 2.61 3.23 2.29 3.00
2018-12-31 2.06 2.14 1.97 2.00
WBAG:POS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 2.14
2018-06-30 2.18
2018-03-31 2.04
2017-12-31 2.09
2017-09-30 1.89
2017-06-30 1.74
2017-03-31 2.21
2016-12-31 2.23
2016-09-30 2.26
2016-06-30 2.22
2016-03-31 2.15
2015-12-31 2.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PORR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PORR's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PORR has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PORR performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PORR's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PORR's year on year earnings growth rate has been positive over the past 5 years.
  • PORR's 1-year earnings growth exceeds its 5-year average (13.9% vs 11%)
  • PORR's earnings growth has not exceeded the Europe Construction industry average in the past year (13.9% vs 15.5%).
Earnings and Revenue History
PORR's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PORR Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:POS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 4,933.86 62.03 1,208.92
2018-06-30 4,756.47 62.84 1,171.77
2018-03-31 4,549.33 58.75 1,128.46
2017-12-31 4,305.01 60.49 1,083.35
2017-09-30 3,955.71 54.47 985.83
2017-06-30 3,684.63 50.38 950.28
2017-03-31 3,487.50 63.88 917.97
2016-12-31 3,421.61 63.88 900.32
2016-09-30 3,388.48 64.65 893.49
2016-06-30 3,331.00 63.43 872.25
2016-03-31 3,212.53 61.16 847.38
2015-12-31 3,143.04 57.71 827.96
2015-09-30 3,048.23 56.87 807.68
2015-06-30 2,994.91 54.21 793.16
2015-03-31 3,001.18 51.63 783.73
2014-12-31 3,014.35 44.42 774.60
2014-09-30 2,999.44 56.36 767.29
2014-06-30 2,948.51 49.75 748.19
2014-03-31 2,664.82 28.86 686.91
2013-12-31 2,638.03 46.35 686.72
2013-09-30 2,504.87 6.90 662.54
2013-06-30 2,353.23 12.00 649.74
2013-03-31 2,336.13 11.82 648.01
2012-12-31 2,319.04 11.65 646.27
2012-09-30 2,272.58 -29.60 632.13
2012-06-30 2,226.13 -70.85 618.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PORR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PORR used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • It is difficult to establish if PORR improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PORR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PORR has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PORR's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PORR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PORR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PORR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PORR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PORR Company Filings, last reported 6 months ago.

WBAG:POS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 578.86 624.51 288.49
2018-06-30 558.83 535.90 228.50
2018-03-31 578.46 571.35 335.83
2017-12-31 597.04 506.14 422.76
2017-09-30 554.06 593.04 266.09
2017-06-30 537.12 518.60 249.06
2017-03-31 557.88 426.31 348.69
2016-12-31 440.87 423.12 519.49
2016-09-30 399.02 473.02 381.66
2016-06-30 382.49 460.11 420.57
2016-03-31 403.40 468.17 544.04
2015-12-31 412.12 487.67 729.46
2015-09-30 376.93 566.97 412.80
2015-06-30 369.97 382.59 209.76
2015-03-31 364.94 381.04 360.67
2014-12-31 385.17 401.07 563.74
2014-09-30 434.14 691.99 390.15
2014-06-30 448.61 720.77 431.84
2014-03-31 347.66 690.37 407.72
2013-12-31 347.66 690.37 407.72
2013-09-30
2013-06-30 319.64 715.08 147.87
2013-03-31 319.64 715.08 147.87
2012-12-31 322.55 696.91 178.34
2012-09-30 322.55 696.91 178.34
2012-06-30 299.44 855.71 167.13
  • PORR's level of debt (107.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (210.5% vs 107.9% today).
  • Debt is well covered by operating cash flow (26.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on PORR's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess PORR's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PORR has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PORR's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.79%
Current annual income from PORR dividends. Estimated to be 5.07% next year.
If you bought €2,000 of PORR shares you are expected to receive €96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PORR's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • PORR's dividend is above the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase PORR before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:POS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 71 Stocks 3.6%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:POS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.20 2.00
2019-12-31 1.13 2.00
2018-12-31 1.10 3.00
WBAG:POS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-26 1.100 4.640
2017-04-25 1.100 3.984
2016-04-21 1.000 3.192
2015-06-03 0.750 2.908
2014-04-01 0.500 2.050
2013-04-26 0.156 1.282
2013-01-16 0.156 1.893
2012-09-03 0.000 0.000
2012-05-07 0.000 0.000
2011-05-11 0.069 0.453
2010-05-05 0.275 1.767
2009-04-20 0.275 1.707

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of PORR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess PORR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PORR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PORR has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PORR's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Karl-Heinz Strauss
COMPENSATION €1,384,184
AGE 58
TENURE AS CEO 8.6 years
CEO Bio

Mr. Karl-heinz Strauss, MBA, FRICS serves as Chief Executive Officer and Member of Management Board at Porr Bau GmbH. Mr. Strauss has been the Chief Executive Officer at Porr AG., since September 13, 2010 and its Chairman of the Executive Board since September 13, 2010. Until 2000, he worked in various positions at Raiffeisen Zentralbank - including in the construction and real estate divisions. He then founded Strauss & Partner Immobilien GmbH; one of its best known projects is the EURO PLAZA am Wienerberg. He has been Chairman of Supervisory Board at UBM Development AG since September 18, 2014 and Member of Supervisory Board of UBM Development AG since April 14, 2011. Mr. Strauss serves as the Chairman of the Supervisory Board and Member of the Supervisory Board at TEERAG-ASDAG Aktiengesellschaft and previously served as its Vice Chairman of Supervisory Board. He served as Vice Chairman of Supervisory Board at UBM Development AG from February 27, 2013 to September 18, 2014. He is a Graduate from Technical college of Civil Engineering and also Studied at Harvard University, the Management Business School in St. Gallen. Mr. Strauss holds MBA Degree from IMADEC University.

CEO Compensation
  • Karl-Heinz's compensation has been consistent with company performance over the past year.
  • Karl-Heinz's remuneration is higher than average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the PORR management team in years:

7.2
Average Tenure
58
Average Age
  • The average tenure for the PORR management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Karl-Heinz Strauss

TITLE
Chairman of Group Executive Board & CEO
COMPENSATION
€1M
AGE
58
TENURE
8.6 yrs

Hans Wenkenbach

TITLE
COO & Member of Group Executive Board
COMPENSATION
€965K
AGE
61
TENURE
7.2 yrs

Andreas Sauer

TITLE
Member of Group Executive Board & CFO
AGE
50
TENURE
1.2 yrs

Peter Kremnitzer

TITLE
Head of Technology Department

Milena Ioveva

TITLE
Head of Investor Relations & Strategy

Sandra Bauer

TITLE
Head of Corporate Communications & Corporate Spokesperson

Christian Motz

TITLE
MD of Business Unit 1 - Dach & Member of Executive Board

Josef Stekovics

TITLE
MD of Business Unit 1 - Dach & Member of Executive Board

Josef Pein

TITLE
MD of Business Unit 1 - Dach & Member of Executive Board

Franz Scheibenecker

TITLE
Managing Director of Business Unit 2 - CEE/SEE
Board of Directors Tenure

Average tenure and age of the PORR board of directors in years:

7.1
Average Tenure
58.5
Average Age
  • The tenure for the PORR board of directors is about average.
Board of Directors

Karl Pistotnik

TITLE
Chairman of Supervisory Board
COMPENSATION
€31K
AGE
74
TENURE
6.3 yrs

Klaus Ortner

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€26K
AGE
74
TENURE
6.3 yrs

Peter Grandits

TITLE
Member of the Supervisory Board
AGE
59
TENURE
17.6 yrs

Thomas Winischhofer

TITLE
Member of the Supervisory Board
COMPENSATION
€20K
AGE
48
TENURE
10.9 yrs

Iris Ortner-Winischhofer

TITLE
Member of the Supervisory Board
COMPENSATION
€20K
AGE
44
TENURE
8.9 yrs

Michael Tomitz

TITLE
Member of Supervisory Board
AGE
57
TENURE
7.8 yrs

Michael Kaincz

TITLE
Member of Supervisory Board
AGE
58
TENURE
7.8 yrs

Walter Knirsch

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
73
TENURE
6.3 yrs

Bernhard Vanas

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
64
TENURE
6.3 yrs

Susanne Weiss

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
57
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess PORR's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PORR has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does PORR AG's (VIE:POS) CEO Salary Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Karl-Heinz Strauss's Compensation Compare With Similar Sized Companies. … We examined companies with market caps from €357m to €1.4b, and discovered that the median CEO total compensation of that group was €980k.

Simply Wall St -

What Kind Of Shareholder Owns Most PORR AG (VIE:POS) Stock?

If you want to know who really controls PORR AG (VIE:POS), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

At €19.02, Is It Time To Put PORR AG (VIE:POS) On Your Watch List?

saw a double-digit share price rise of over 10% in the past couple of months on the WBAG. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on PORR’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What You Must Know About PORR AG's (VIE:POS) Beta Value

In finance, Beta is a measure of volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Did You Manage To Avoid PORR's 32% Share Price Drop?

Investors in PORR AG (VIE:POS) have tasted that bitter downside in the last year, as the share price dropped 32%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Even though the PORR share price is down over the year, its EPS actually improved.

Simply Wall St -

Is PORR AG's (VIE:POS) Balance Sheet A Threat To Its Future?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like PORR AG (VIE:POS), with a market cap of €541m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

A Spotlight On PORR AG's (VIE:POS) Fundamentals

Help shape the future of investing tools and receive a $60 prize! … I've been keeping an eye on PORR AG (VIE:POS) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe POS has a lot to offer.

Simply Wall St -

Do You Know What PORR AG's (VIE:POS) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how PORR AG's (VIE:POS) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is PORR AG's (VIE:POS) 11% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every €1 worth of shareholders' equity, it generated €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Does PORR AG (VIE:POS) Fare As A Dividend Stock?

Over the past 10 years PORR AG (VIE:POS) has been paying dividends to shareholders. … The company is currently worth €508m, and now yields roughly 6.3%. … Let's dig deeper into whether PORR should have a place in your portfolio.

Simply Wall St -

Company Info

Description

PORR AG operates as a construction company in Austria, Germany, Poland, the Czech Republic, Qatar, Italy, Romania, Bulgaria, Switzerland, Serbia, Great Britain, Slovakia, Norway, Croatia, and internationally. The company offers building construction services for offices, apartments, industrial facilities/special structures, public buildings, hotels, shopping centers, health care facilities, stadiums, and revitalization. It also provides civil engineering and infrastructure construction services in the fields of rail, bridge, power plant, pipeline, road, and tunnel construction, as well as specialist civil, structural, and hydraulic engineering. In addition, the company develops, builds, and operates landfill sites, and waste treatment and sorting plants; and provides transportation and recycling services for demolition rubble and construction waste, as well as other services in the field of environmental engineering. Further, it provides design and engineering services comprising tender management, architectural, building physics consultancy, construction supervision and preparation, fire protection planning, building information modelling, general planning, structural engineering, sustainability, and M&E planning, as well as LEAN management, design, and construction services. Additionally, the company offers sealing, coating, concrete slab construction, facility management, facade and airport construction, alpine and high-rise construction, and property management services, as well as slab track systems; and produces asphalt. PORR AG was founded in 1869 and is headquartered in Vienna, Austria.

Details
Name: PORR AG
POS
Exchange: WBAG
Founded: 1869
€662,761,689
28,878,505
Website: http://www.porr-group.com
Address: PORR AG
Absberggasse 47,
Vienna,
Vienna, 1100,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG POS Bearer Common Stock Wiener Boerse AG AT EUR 02. Jan 1992
DB ABS2 Bearer Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA ABS2 Bearer Common Stock XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0J04 Bearer Common Stock London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE POSV Bearer Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
18,802
PORR employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.