WBAG:STR

Stock Analysis Report

Executive Summary

Strabag SE, together with its subsidiaries, operates as a construction company.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

STR

2.5%

AT Construction

1.6%

AT Market


1 Year Return

-5.6%

STR

10.9%

AT Construction

-4.5%

AT Market

Return vs Industry: STR underperformed the Austrian Construction industry which returned 10.9% over the past year.

Return vs Market: STR underperformed the Austrian Market which returned -4.5% over the past year.


Shareholder returns

STRIndustryMarket
7 Day1.4%2.5%1.6%
30 Day-1.0%-0.4%-1.6%
90 Day-0.8%-0.6%-0.1%
1 Year-1.5%-5.6%14.8%10.9%-1.0%-4.5%
3 Year10.9%-0.2%27.6%15.9%44.1%31.0%
5 Year99.6%71.0%70.3%37.8%69.3%44.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: STR (€29.65) is trading above our estimate of fair value (€29.38)

Significantly Undervalued: STR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STR is good value based on its PE Ratio (8.3x) compared to the Construction industry average (9.4x).

PE vs Market: STR is good value based on its PE Ratio (8.3x) compared to the Austrian market (14x).


Price to Earnings Growth Ratio

Low PEG Ratio: STR is poor value based on its PEG Ratio (5.6x)


Price to Book Ratio

PB vs Industry: STR is good value based on its PB Ratio (0.9x) compared to the AT Construction industry average (1.2x).


Next Steps

Future Growth

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

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STR's forecast earnings growth (1.5% per year) is above the savings rate (0.5%).

Earnings vs Market: STR's earnings (1.5% per year) are forecast to grow slower than the Austrian market (8.5% per year).

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

Revenue vs Market: STR's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: STR's revenue is forecast to decline over the next 3 years (-0.1%).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: STR's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has Strabag performed over the past 5 years?

24.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: STR's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: STR's earnings growth over the past year (10.2%) is below its 5-year average (24.6% per year).

Earnings vs Industry: STR earnings growth over the past year (10.2%) exceeded the Construction industry 8.1%.


Return on Equity

High ROE: STR's Return on Equity (10.6%) is considered low.


Return on Assets

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


Return on Capital Employed

ROCE Improving: STR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Strabag's financial position?


Financial Position Analysis

Short Term Liabilities: STR's short term assets (€6.5B) exceeds its short term liabilities (€5.8B)

Long Term Liabilities: STR's short term assets (6.5B) exceeds its long term liabilities (2.5B)


Debt to Equity History and Analysis

Debt Level: STR's debt to equity ratio (43.1%) is considered high

Reducing Debt: STR's debt to equity ratio has reduced from 53% to 43.1% over the past 5 years.

Debt Coverage: STR's debt is well covered by operating cash flow (36.9%).

Interest Coverage: STR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: STR's debt is covered by short term assets (assets are 4.282320x debt).


Next Steps

Dividend

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

4.38%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%1.6%markettop25%4.5%industryaverage3.5%forecastin3Years4.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: STR's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: STR's dividend (4.38%) is low compared to the top 25% of dividend payers in the Austrian market (4.47%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.6%), STR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STR's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Thomas Birtel (65yo)

6.3yrs

Tenure

€1,895,000

Compensation

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 Offi ...


CEO Compensation Analysis

Compensation vs. Market: Thomas's total compensation ($USD2.09M) is about average for companies of similar size in the Austrian market ($USD2.09M).

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


Management Age and Tenure

6.8yrs

Average Tenure

52yo

Average Age

Experienced Management: STR's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

9.7yrs

Average Tenure

58yo

Average Age

Experienced Board: STR's board of directors are considered experienced (9.7 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

  • Siegfried Wanker (51yo)

    Member of Management Board

    • Tenure: 8.8yrs
    • Compensation: €1.32m
  • Peter Krammer (53yo)

    Member of Management Board

    • Tenure: 9.8yrs
    • Compensation: €1.32m
  • Thomas Birtel (65yo)

    CEO & Member of Management Board

    • Tenure: 6.3yrs
    • Compensation: €1.90m
  • Christian Harder (51yo)

    CFO & Member of the Management Board

    • Tenure: 6.8yrs
    • Compensation: €1.32m
  • Alfred Watzl

    Member of Management Board

    • Tenure: 0.8yrs

Board Members

  • Wolfgang Kreis (62yo)

    Member of Supervisory Board

    • Tenure: 10yrs
  • Erwin Hameseder (63yo)

    Vice Chairman of Supervisory Board

    • Tenure: 12.9yrs
  • Andreas Batke (57yo)

    Member of Supervisory Board

    • Tenure: 10yrs
  • Alfred Gusenbauer (59yo)

    Chairman of the Supervisory Board

    • Tenure: 9.3yrs
  • Kerstin Gelbmann (45yo)

    Member of the Supervisory Board

    • Tenure: 9.3yrs
  • Magdolna Gyulainé (57yo)

    Member of the Supervisory Board

    • Tenure: 10yrs
  • Miroslav Cerveny (60yo)

    Member of the Supervisory Board

    • Tenure: 10yrs
  • Thomas Bull (55yo)

    Member of Supervisory Board

    • Tenure: 2.7yrs
  • Georg Hinterschuster (51yo)

    Member of Supervisory Board

    • Tenure: 5yrs
  • Oleg Kotkov (62yo)

    Member of Supervisory Board

    • Tenure: 1.3yrs

Company Information

Strabag SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Strabag SE
  • Ticker: STR
  • Exchange: WBAG
  • Founded: 1835
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €3.042b
  • Shares outstanding: 102.60m
  • Website: https://www.strabag.com

Number of Employees


Location

  • Strabag SE
  • Triglavstrasse 9
  • Villach
  • Carinthia
  • 9500
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STRWBAG (Wiener Boerse AG)YesBearer SharesATEUROct 2007
XD4DB (Deutsche Boerse AG)YesBearer SharesDEEUROct 2007
0MKPLSE (London Stock Exchange)YesBearer SharesGBEUROct 2007
STRVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEUROct 2007
STBB.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDOct 2007

Biography

Strabag SE, together with its subsidiaries, operates as a construction company. The company engages in the construction of road, rail, and canal bridges; commercial and industrial facilities; hydroelectric ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:55
End of Day Share Price2019/10/14 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.