WBAG:POS

Stock Analysis Report

Executive Summary

PORR AG operates as a construction company in Austria, Switzerland, the Czech Republic, Germany, and internationally.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.5%

POS

2.6%

AT Construction

3.0%

AT Market


1 Year Return

-14.8%

POS

8.8%

AT Construction

-4.8%

AT Market

Return vs Industry: POS underperformed the Austrian Construction industry which returned 8.8% over the past year.

Return vs Market: POS underperformed the Austrian Market which returned -4.8% over the past year.


Shareholder returns

POSIndustryMarket
7 Day6.5%2.6%3.0%
30 Day2.3%0.09%-0.7%
90 Day1.7%0.05%1.4%
1 Year-10.1%-14.8%12.6%8.8%-1.3%-4.8%
3 Year-25.2%-34.0%26.7%15.1%43.8%30.8%
5 Year25.3%-12.5%67.3%35.3%67.8%43.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: POS (€20.45) is trading below our estimate of fair value (€21.7)

Significantly Undervalued: POS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: POS is poor value based on its PE Ratio (9.4x) compared to the Construction industry average (9.4x).

PE vs Market: POS is good value based on its PE Ratio (9.4x) compared to the Austrian market (14.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: POS is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: POS is good value based on its PB Ratio (1.1x) compared to the AT Construction industry average (1.2x).


Next Steps

Future Growth

How is PORR forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POS's forecast earnings growth (17.3% per year) is above the savings rate (0.5%).

Earnings vs Market: POS's earnings (17.3% per year) are forecast to grow faster than the Austrian market (8.5% per year).

High Growth Earnings: POS's earnings are forecast to grow, but not significantly.

Revenue vs Market: POS's revenue (2.1% per year) is forecast to grow slower than the Austrian market (3% per year).

High Growth Revenue: POS's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: POS's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

How has PORR performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: POS's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: POS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: POS had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Construction industry average (8.1%).


Return on Equity

High ROE: POS's Return on Equity (11.6%) is considered low.


Return on Assets

ROA vs Industry: POS's Return on Assets is below or equal to the Construction industry average last year.


Return on Capital Employed

ROCE Improving: POS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is PORR's financial position?


Financial Position Analysis

Short Term Liabilities: POS's short term assets (€2.2B) exceeds its short term liabilities (€2.0B)

Long Term Liabilities: POS's short term assets (2.2B) exceeds its long term liabilities (991.2M)


Debt to Equity History and Analysis

Debt Level: POS's debt to equity ratio (107.1%) is considered high

Reducing Debt: POS's debt to equity ratio has reduced from 144% to 107.1% over the past 5 years.

Debt Coverage: POS's debt is not well covered by operating cash flow (8%).

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


Balance Sheet

Inventory Level: POS has a high level of physical assets or inventory.

Debt Coverage by Assets: POS's debt is covered by short term assets (assets are 3.581920x debt).


Next Steps

Dividend

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

5.38%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%1.6%markettop25%4.4%industryaverage3.5%forecastin3Years6.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: POS's dividend (5.38%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: POS's dividend (5.38%) is in the top 25% of dividend payers in the Austrian market (4.44%)

Stable Dividend: POS's dividend payments have been volatile in the past 10 years.

Growing Dividend: POS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.7%), POS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: POS's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Karl-Heinz Strauss (59yo)

9.1yrs

Tenure

€1,405,184

Compensation

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  ...


CEO Compensation Analysis

Compensation vs. Market: Karl-Heinz's total compensation ($USD1.55M) is above average for companies of similar size in the Austrian market ($USD1.16M).

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


Management Age and Tenure

4.7yrs

Average Tenure

56.5yo

Average Age

Experienced Management: POS's management team is considered experienced (4.7 years average tenure).


Board Age and Tenure

6.8yrs

Average Tenure

58.5yo

Average Age

Experienced Board: POS's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Hans Wenkenbach (62yo)

    COO & Member of Group Executive Board

    • Tenure: 7.7yrs
    • Compensation: €1.06m
  • Karl-Heinz Strauss (59yo)

    • Tenure: 9.1yrs
    • Compensation: €1.41m
  • Christian Motz

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

    • Tenure: 0yrs
  • Sandra Bauer

    Head of Corporate Communications & Corporate Spokesperson

    • Tenure: 0yrs
  • Josef Pein

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

    • Tenure: 0yrs
  • Josef Stekovics

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

    • Tenure: 0yrs
  • Thomas Stiegler (54yo)

    COO & Member of Executive Board

    • Tenure: 0.8yrs
    • Compensation: €502.35k
  • Peter Kremnitzer

    Head of Technology Department

    • Tenure: 0yrs
  • Milena Ioveva

    Head of Investor Relations & Strategy

    • Tenure: 0yrs
  • Andreas Sauer (51yo)

    Member of Group Executive Board & CFO

    • Tenure: 1.7yrs
    • Compensation: €941.18k

Board Members

  • Klaus Ortner (75yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €27.00k
  • Susanne Weiss (58yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €19.00k
  • Thomas Winischhofer (49yo)

    Member of the Supervisory Board

    • Tenure: 11.4yrs
    • Compensation: €21.00k
  • Iris Ortner-Winischhofer (45yo)

    Member of the Supervisory Board

    • Tenure: 9.4yrs
    • Compensation: €20.00k
  • Michael Tomitz (58yo)

    Member of Supervisory Board

    • Tenure: 8.3yrs
  • Michael Kaincz (59yo)

    Member of Supervisory Board

    • Tenure: 8.3yrs
  • Karl Pistotnik (75yo)

    Chairman of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €32.00k
  • Walter Knirsch (74yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €20.00k
  • Bernhard Vanas (65yo)

    Member of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €21.00k
  • Robert Grüneis (51yo)

    Member of Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: €20.00k

Company Information

PORR AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PORR AG
  • Ticker: POS
  • Exchange: WBAG
  • Founded: 1869
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €590.565m
  • Shares outstanding: 28.88m
  • Website: https://www.porr-group.com

Number of Employees


Location

  • PORR AG
  • Absberggasse 47
  • Vienna
  • Vienna
  • 1100
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POSWBAG (Wiener Boerse AG)YesBearer Common StockATEURJan 1992
ABS2DB (Deutsche Boerse AG)YesBearer Common StockDEEURJan 1992
0J04LSE (London Stock Exchange)YesBearer Common StockGBEURJan 1992
POSVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer Common StockGBEURJan 1992
ABS2XTRA (XETRA Trading Platform)YesBearer Common StockDEEURJan 1992

Biography

PORR AG operates as a construction company in Austria, Switzerland, the Czech Republic, Germany, and internationally. The company offers building construction services for offices, apartments, industrial f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:41
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.