Strabag
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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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Strabag.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Strabag's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Strabag's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Strabag Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Strabag's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Strabag Company Filings, last reported 6 months ago.
| 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.
Financial health checks
We assess Strabag's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Strabag has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Strabag
shares you are expected to receive
€85
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
Income/ dividend checks
We assess Strabag's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
CEO & Member of Management Board
€2M
64
5.8 yrs
Christian Harder
CFO & Member of the Management Board
€1M
50
6.3 yrs
Hannes Truntschnig
Member of Management Board
€1M
62
24 yrs
Peter Krammer
Member of Management Board
€1M
52
9.3 yrs
Siegfried Wanker
Member of Management Board
€1M
50
8.3 yrs
Board of Directors Tenure
Average tenure and age of the Strabag board of directors in years:
- The tenure for the Strabag board of directors is about average.
Board of Directors
Alfred Gusenbauer
Chairman of the Supervisory Board
€50K
58
8.8 yrs
Erwin Hameseder
Vice Chairman of Supervisory Board
€25K
62
12.4 yrs
Kerstin Gelbmann
Member of the Supervisory Board
€15K
44
8.8 yrs
Wolfgang Kreis
Member of Supervisory Board
61
9.5 yrs
Magdolna Gyulaine
Member of the Supervisory Board
56
9.5 yrs
Miroslav Cerveny
Member of the Supervisory Board
59
9.5 yrs
Andreas Batke
Member of Supervisory Board
56
9.5 yrs
Hannes Bogner
Member of Supervisory Board
€15K
59
5.8 yrs
Georg Hinterschuster
Member of Supervisory Board
50
4.5 yrs
William Spiegelberger
Member of Supervisory Board
€8K
57
3.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Strabag's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleLooking 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 - – Full articleWhat 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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articleHow 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 - – Full articleCompany 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
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.
