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Strabag

WBAG:STR
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

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

Strabag SE, together with its subsidiaries, operates as a construction company. The last earnings update was 140 days ago. More info.


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STR Share Price and Events
7 Day Returns
6%
WBAG:STR
1.5%
Europe Construction
3.4%
AT Market
1 Year Returns
-3.9%
WBAG:STR
-2.3%
Europe Construction
-2%
AT Market
STR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Strabag (STR) 6% 3.2% 1.3% -3.9% 14.4% 50%
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
  • STR underperformed the Construction industry which returned -2.3% over the past year.
  • STR underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
STR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Strabag 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 Strabag 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 Strabag.

WBAG:STR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:STR
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%) (46.4%))
1.265
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.265 * 6.51%)
8.74%

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

The calculations below outline how an intrinsic value for Strabag 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:STR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.74%)
2019 147.00 Analyst x1 135.18
2020 170.60 Analyst x2 144.27
2021 115.20 Analyst x1 89.58
2022 214.60 Analyst x1 153.46
2023 203.20 Analyst x1 133.62
2024 195.74 Est @ -3.67% 118.37
2025 191.01 Est @ -2.42% 106.22
2026 188.08 Est @ -1.54% 96.18
2027 186.34 Est @ -0.92% 87.63
2028 185.42 Est @ -0.49% 80.18
Present value of next 10 years cash flows €1,144.70
WBAG:STR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €185.42 × (1 + 0.51%) ÷ (8.74% – 0.51%)
€2,263.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,263.23 ÷ (1 + 8.74%)10
€978.72
WBAG:STR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,144.70 + €978.72
€2,123.41
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,123.41 / 102.60
€20.7
WBAG:STR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €20.70
Current discount Discount to share price of €30.70
= -1 x (€30.70 - €20.70) / €20.70
-48.3%

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

  • The current share price of Strabag is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Strabag's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Strabag's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:STR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €3.66
WBAG:STR Share Price ** WBAG (2019-04-18) in EUR €30.7
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 Strabag.

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

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

= 30.7 ÷ 3.66

8.4x

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

  • Strabag is good value based on earnings compared to the Europe Construction industry average.
  • Strabag is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Strabag's expected growth come at a high price?
Raw Data
WBAG:STR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-4.5%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:STR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.4x ÷ -4.5%

-1.85x

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

  • Strabag earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Strabag's assets?
Raw Data
WBAG:STR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €33.49
WBAG:STR Share Price * WBAG (2019-04-18) in EUR €30.7
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:STR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 30.7 ÷ 33.49

0.92x

* Primary Listing of Strabag.

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

  • Strabag is good value based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Strabag'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. Strabag has a total score of 3/6, 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 Strabag expected to perform in the next 1 to 3 years based on estimates from 4 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
-4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Strabag expected to grow at an attractive rate?
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • Strabag's revenues are expected to decrease over the next 1-3 years, this is below the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:STR Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:STR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -4.5%
WBAG:STR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -0%
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:STR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:STR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,901 1
2022-12-31 14,594 1
2021-12-31 14,266 1
2020-12-31 14,751 724 311 3
2019-12-31 14,697 608 303 3
2018-12-31 14,646 546 316 3
WBAG:STR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 14,862 1,321 375
2018-06-30 14,192 1,398 331
2018-03-31 13,672 1,347 280
2017-12-31 13,522 1,345 279
2017-09-30 12,830 749 255
2017-06-30 12,742 687 250
2017-03-31 12,491 632 277
2016-12-31 12,405 264 278
2016-09-30 12,587 779 202
2016-06-30 12,697 907 187
2016-03-31 12,969 911 156
2015-12-31 13,129 1,240 156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Strabag's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:STR 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 4 Analyst Estimates (S&P Global) See Below

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

WBAG:STR 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 3.05 3.15 2.92 3.00
2019-12-31 2.97 3.02 2.89 3.00
2018-12-31 3.15 3.28 2.89 3.00
WBAG:STR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 3.66
2018-06-30 3.23
2018-03-31 2.73
2017-12-31 2.72
2017-09-30 2.49
2017-06-30 2.44
2017-03-31 2.70
2016-12-31 2.71
2016-09-30 1.97
2016-06-30 1.82
2016-03-31 1.52
2015-12-31 1.52

*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.
  • Strabag is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Strabag'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.
Strabag has a total score of 0/6, 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 Strabag 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 Strabag'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.
  • Strabag has delivered over 20% year on year earnings growth in the past 5 years.
  • Strabag's 1-year earnings growth exceeds its 5-year average (46.9% vs 23.4%)
  • Strabag's earnings growth has exceeded the Europe Construction industry average in the past year (46.9% vs 15.5%).
Earnings and Revenue History
Strabag'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 Strabag Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:STR 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 14,861.69 375.14 3,636.84
2018-06-30 14,192.37 331.15 3,551.64
2018-03-31 13,672.48 279.64 3,480.94
2017-12-31 13,522.30 278.91 3,470.06
2017-09-30 12,829.78 255.40 3,426.74
2017-06-30 12,741.94 249.86 3,394.17
2017-03-31 12,490.99 277.24 3,373.93
2016-12-31 12,404.62 277.65 3,316.74
2016-09-30 12,587.43 202.29 3,288.11
2016-06-30 12,696.81 186.79 3,287.55
2016-03-31 12,968.94 155.76 3,258.22
2015-12-31 13,129.24 156.29 3,267.89
2015-09-30 13,069.29 171.91 3,176.96
2015-06-30 12,872.36 165.59 3,139.46
2015-03-31 12,602.73 143.51 3,096.66
2014-12-31 12,484.44 127.97 3,074.29
2014-09-30 12,486.93 130.13 3,029.02
2014-06-30 12,644.39 122.25 3,019.44
2014-03-31 12,600.69 121.84 3,037.75
2013-12-31 12,396.55 113.56 3,016.43
2013-09-30 12,487.93 127.37 3,044.24
2013-06-30 12,385.37 117.08 3,067.80
2013-03-31 12,753.79 70.89 3,060.18
2012-12-31 12,986.81 60.63 3,073.00
2012-09-30 13,304.67 13.86 3,072.79
2012-06-30 13,507.59 47.67 3,034.05

*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.
  • Strabag has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Strabag used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • Strabag has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Strabag'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.
Strabag has a total score of 4/6, 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 Strabag'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 Strabag's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Strabag is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Strabag's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Strabag'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 4.6x 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 Strabag Company Filings, last reported 6 months ago.

WBAG:STR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3,476.77 1,461.59 2,081.74
2018-06-30 3,290.47 1,088.36 2,292.06
2018-03-31 3,311.62 1,286.93 2,769.74
2017-12-31 3,397.72 1,293.98 2,887.82
2017-09-30 3,267.43 1,327.91 1,828.98
2017-06-30 3,130.02 1,409.38 1,977.45
2017-03-31 3,154.14 1,406.53 2,114.07
2016-12-31 3,264.59 1,426.08 2,145.63
2016-09-30 3,070.07 1,438.71 1,900.24
2016-06-30 2,943.01 1,484.93 1,980.95
2016-03-31 3,184.67 1,503.87 2,456.26
2015-12-31 3,320.64 1,579.75 2,855.62
2015-09-30 3,171.43 1,579.06 1,956.23
2015-06-30 3,070.27 1,672.05 1,944.48
2015-03-31 3,054.34 1,817.36 2,330.18
2014-12-31 3,144.30 1,609.92 2,064.35
2014-09-30 3,168.65 1,674.20 1,685.13
2014-06-30 3,111.60 1,665.82 1,807.60
2014-03-31 3,073.86 1,704.84 2,042.52
2013-12-31 3,238.77 1,722.70 1,912.31
2013-09-30 3,111.01 1,774.29 1,550.10
2013-06-30 2,996.40 1,786.45 1,561.58
2013-03-31 3,000.73 1,633.48 1,589.27
2012-12-31 3,162.54 1,649.98 1,591.22
2012-09-30 3,059.49 1,718.51 1,457.04
2012-06-30 2,945.44 1,769.51 1,640.38
  • Strabag's level of debt (42%) 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 (57% vs 42% today).
  • Debt is well covered by operating cash flow (90.4%, greater than 20% of total debt).
  • Strabag earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Strabag'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. Strabag has a total score of 5/6, 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 Strabag'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
4.23%
Current annual income from Strabag dividends. Estimated to be 4.72% next year.
If you bought €2,000 of Strabag shares you are expected to receive €85 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?
  • Strabag's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Strabag's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
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:STR 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 4 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:STR 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 1.49 4.00
2019-12-31 1.41 4.00
2018-12-31 1.39 4.00
WBAG:STR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-27 1.300 4.090
2017-06-23 0.950 2.737
2016-06-10 0.650 2.021
2015-08-31 0.500 2.127
2015-06-12 0.500 2.325
2014-11-28 0.450 2.238
2014-04-30 0.450 2.269
2013-11-29 0.200 0.983
2013-08-30 0.200 1.043
2013-04-30 0.200 1.191
2012-11-30 0.600 3.162
2012-08-31 0.600 3.122
2012-04-27 0.600 3.270
2010-03-01 0.500 2.556
2009-04-20 0.550 2.912

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 Strabag's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Strabag'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 Strabag afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Strabag has a total score of 4/6, 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 Strabag'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
Thomas Birtel
COMPENSATION €1,533,000
AGE 64
TENURE AS CEO 5.8 years
CEO Bio

Dr. Thomas Birtel serves as the Chief Executive Officer of STRABAG Wasserbau GmbH. Dr. Birtel has been a Member of Management Board at Strabag SE since January 1, 2006 and has been its Chief Executive Officer since June 15, 2013. He served as Deputy Chief Executive Officer of Strabag SE from January 1, 2013 to June 14, 2013. He served as Chairman of the Management Board at STRABAG AG and served as its Member of the Management Board since 2002, was responsible for building construction, finance, accounting, controlling, risk management and procurement. Dr. Birtel's career began with Klöckner & Co in 1983 and was employed until 1989, lastly as division manager of the accounting department of Klöckner Industrie-Anlagen GmbH. From 1989 to 1996, he worked for Sweden's Frigoscandia Group, initially as head of the Germany, then as head of the CentralEuropean region. Dr. Birtel joined STRABAG Group in 1996 as a member of the Management Board of STRABAG Hoch- & Ingenieurbau AG. He has been Chairman of Supervisory Board at Ed. Züblin AG since July 10, 2014. He serves as the Chairman of Supervisory Board at STRABAG AG and has been its Member of Supervisory Board since July 4, 2014. He serves as a Member of Supervisory Board at Ed. Züblin AG. He serves as a Member of advisory board of Deutsche bank AG and HDI-Gerling Industrie Versicherung AG. Dr. Birtel graduated with a degree in economics from the Ruhr-University Bochum in 1978 and completed doctorate in 1982.

CEO Compensation
  • Thomas's compensation has increased by more than 20% in the past year.
  • Thomas's remuneration is lower than average for companies of similar size in Austria.
Management Team Tenure

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

8.3
Average Tenure
52
Average Age
  • The average tenure for the Strabag management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Thomas Birtel

TITLE
CEO & Member of Management Board
COMPENSATION
€2M
AGE
64
TENURE
5.8 yrs

Christian Harder

TITLE
CFO & Member of the Management Board
COMPENSATION
€1M
AGE
50
TENURE
6.3 yrs

Hannes Truntschnig

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
62
TENURE
24 yrs

Peter Krammer

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
52
TENURE
9.3 yrs

Siegfried Wanker

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
50
TENURE
8.3 yrs
Board of Directors Tenure

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

9.2
Average Tenure
57.5
Average Age
  • The tenure for the Strabag board of directors is about average.
Board of Directors

Alfred Gusenbauer

TITLE
Chairman of the Supervisory Board
COMPENSATION
€50K
AGE
58
TENURE
8.8 yrs

Erwin Hameseder

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€25K
AGE
62
TENURE
12.4 yrs

Kerstin Gelbmann

TITLE
Member of the Supervisory Board
COMPENSATION
€15K
AGE
44
TENURE
8.8 yrs

Wolfgang Kreis

TITLE
Member of Supervisory Board
AGE
61
TENURE
9.5 yrs

Magdolna Gyulaine

TITLE
Member of the Supervisory Board
AGE
56
TENURE
9.5 yrs

Miroslav Cerveny

TITLE
Member of the Supervisory Board
AGE
59
TENURE
9.5 yrs

Andreas Batke

TITLE
Member of Supervisory Board
AGE
56
TENURE
9.5 yrs

Hannes Bogner

TITLE
Member of Supervisory Board
COMPENSATION
€15K
AGE
59
TENURE
5.8 yrs

Georg Hinterschuster

TITLE
Member of Supervisory Board
AGE
50
TENURE
4.5 yrs

William Spiegelberger

TITLE
Member of Supervisory Board
COMPENSATION
€8K
AGE
57
TENURE
3.8 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 Strabag'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. Strabag 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

If You Like EPS Growth Then Check Out Strabag (VIE:STR) Before It's Too Late

Strabag's Earnings Per Share Are Growing. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … You can take a look at the company's revenue and earnings growth trend, in the chart below.

Simply Wall St -

Is Strabag SE (VIE:STR) A Great Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Strabag SE (VIE:STR) has been paying a dividend to shareholders. … Let's dig deeper into whether Strabag should have a place in your portfolio.

Simply Wall St -

Should You Worry About Strabag SE’s (VIE:STR) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is Strabag SE (VIE:STR) A Financially Sound Company?

Today we will look at STR’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further. … How does STR’s operating cash flow stack up against its debt?

Simply Wall St -

Is Strabag SE's (VIE:STR) 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. … Our data shows Strabag has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Looking At Strabag SE (VIE:STR) From All Angles

Strabag SE (VIE:STR) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a

Simply Wall St -

What Is Strabag SE's (VIE:STR) Share Price Doing?

Strabag SE (VIE:STR), which is in the construction business, and is based in Austria,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Strabag’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Why Strabag SE (VIE:STR) Is A Top Dividend Stock

Strabag SE (VIE:STR) has pleased shareholders over the past 10 years, by paying out dividends. … Does Strabag tick all the boxes of a great dividend stock? … Check out our latest analysis for Strabag

Simply Wall St -

Is Strabag SE's (VIE:STR) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How To Gain With Strabag SE (VIE:STR)

The risk of investing in the stock market is a systematic crash. … This is when all the stock prices start falling around the same time. … This is the best time to buy stocks like Strabag SE at a discount.

Simply Wall St -

Company Info

Description

Strabag SE, together with its subsidiaries, operates as a construction company. It engages in the construction of road, rail, and canal bridges; commercial and industrial facilities; department stores; shopping centers; office, commercial, hotel, airport, railway, public, hall, warehouse, production, and bank buildings; cinemas; swimming pools and thermal baths; sport and recreational facilities; parking structures and underground car parks; towers and industrial chimneys; filling stations; industrial floorings; and buildings for environmental technology facilities. The company is also involved in the construction of power plants, metal and glass structures, waste water and drinking water treatment plant, waterways, residential, and pipe and sewer projects; and protective dams, earth-retaining structures, galleries, and guardrails. In addition, it offers prefabricated element systems; sewer engineering; town planning and landscape architecture; civil, traffic, and ground engineering; earthworks; construction material; and planning, paving, and repair of pavements services. Further, the company engages in the infrastructure development, tunnelling, and real estate development activities, as well as operation, maintenance, and marketing of public-private partnerships projects. Additionally, it provides property and facility services, such as real estate, property, area, building, and infrastructural and technical facility management services, as well as corporate real estate solutions, renting and letting, and industrial services. The company offers its services primarily in Europe, the Arabian Peninsula, Africa, Asia, and the Americas. Strabag SE was founded in 1835 and is headquartered in Villach, Austria.

Details
Name: Strabag SE
STR
Exchange: WBAG
Founded: 1835
€3,149,820,000
102,600,000
Website: http://www.strabag.com
Address: Strabag SE
Triglavstraße 9,
Villach,
Carinthia, 9500,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG STR Bearer Shares Wiener Boerse AG AT EUR 19. Oct 2007
OTCPK STBB.F Bearer Shares Pink Sheets LLC US USD 19. Oct 2007
DB XD4 Bearer Shares Deutsche Boerse AG DE EUR 19. Oct 2007
LSE 0MKP Bearer Shares London Stock Exchange GB EUR 19. Oct 2007
BATS-CHIXE STRV Bearer Shares BATS 'Chi-X Europe' GB EUR 19. Oct 2007
Number of employees
Current staff
Staff numbers
74,775
Strabag employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:17
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.