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startup300

WBAG:S300
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S300
WBAG
€13M
Market Cap
  1. Home
  2. AT
  3. Diversified Financials
Company description

startup300 AG is a venture capital firm conceived as a business angel network specializing in start-up, seed and growth capital investments. The last earnings update was 86 days ago. More info.


Add to Portfolio Compare Print
  • startup300 is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • startup300 has significant price volatility in the past 3 months.
S300 Share Price and Events
7 Day Returns
-3.4%
WBAG:S300
3.1%
Europe Capital Markets
2.1%
AT Market
1 Year Returns
-
WBAG:S300
-10.8%
Europe Capital Markets
-2.7%
AT Market
S300 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
startup300 (S300) -3.4% -1.2% -28.9% - - -
Europe Capital Markets 3.1% 8.7% 7% -10.8% -0.7% -19.9%
AT Market 2.1% 5.8% 8.1% -2.7% 42.9% 31.5%
1 Year Return vs Industry and Market
  • No trading data on S300.
  • No trading data on S300.
Price Volatility
Industry
5yr Volatility vs Market

S300 Value

 Is startup300 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.

In this section, we usually try to help investors determine whether startup300 is trading at an attractive price based on the cash flow it is expected to produce in the future. But as startup300 has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for startup300. This is due to cash flow or dividend data being unavailable. The share price is €6.72.
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 startup300's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are startup300's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:S300 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR Not available
WBAG:S300 Share Price ** WBAG (2019-04-18) in EUR €6.72
Europe Capital Markets Industry PE Ratio Median Figure of 129 Publicly-Listed Capital Markets Companies 17.11x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

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

** Primary Listing of startup300.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for startup300, we can't compare the value of its earnings to the Austria market.
Price based on expected Growth
Does startup300's expected growth come at a high price?
Raw Data
WBAG:S300 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Capital Markets Industry PEG Ratio Median Figure of 56 Publicly-Listed Capital Markets Companies 1.42x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for startup300, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on startup300's assets?
Raw Data
WBAG:S300 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR Not available
WBAG:S300 Share Price * WBAG (2019-04-18) in EUR €6.72
Europe Capital Markets Industry PB Ratio Median Figure of 217 Publicly-Listed Capital Markets Companies 1.4x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x

* Primary Listing of startup300.

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

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through startup300's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Capital Markets industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess startup300'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. startup300 has a total score of 0/6, 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.

S300 Future Performance

 How is startup300 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as startup300 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is startup300 expected to grow at an attractive rate?
  • Unable to compare startup300's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare startup300's earnings growth to the Austria market average as no estimate data is available.
  • Unable to compare startup300's revenue growth to the Austria market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WBAG:S300 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:S300 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:S300 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4 -1 -1
2017-12-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if startup300 is high growth as no earnings estimate data is available.
  • Unable to determine if startup300 is high growth as no revenue estimate data is available.
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:S300 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from startup300 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:S300 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2017-12-31

*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.
  • Unable to establish if startup300 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. startup300's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. startup300's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess startup300'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.
startup300 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.

S300 Past Performance

  How has startup300 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 startup300's growth in the last year to its industry (Capital Markets).
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.
  • startup300 does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare startup300's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare startup300's 1-year growth to the Europe Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
startup300'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 startup300 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:S300 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4.02 -1.38 2.16
2017-12-31 0.55 -0.35 0.41

*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.
  • It is difficult to establish if startup300 has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if startup300 has efficiently used its assets last year compared to the Europe Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if startup300 improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess startup300'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 Capital Markets 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.
startup300 has a total score of 0/6, 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.

S300 Health

 How is startup300'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 startup300's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • startup300 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • startup300's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of startup300'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x 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 startup300 Company Filings, last reported 3 months ago.

WBAG:S300 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.23 2.64 2.12
2017-12-31 0.00 0.00 0.00
  • startup300's level of debt (62.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if startup300's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • startup300 has less than a year of cash runway based on current free cash flow.
  • startup300 has less than a year of cash runway if free cash flow continues to grow at historical rates of 90.4% each year.
X
Financial health checks
We assess startup300'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. startup300 has a total score of 1/6, 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.

S300 Dividends

 What is startup300'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
0%
Current annual income from startup300 dividends.
If you bought €2,000 of startup300 shares you are expected to receive €0 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?
  • Unable to evaluate startup300's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate startup300's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:S300 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 0 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 104 Stocks 3.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

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

  • Unable to perform a dividend volatility check as startup300 has not reported any payouts.
  • Unable to verify if startup300's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of startup300's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as startup300 has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess startup300'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 startup300 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. startup300 has a total score of 0/6, see the detailed checks below.


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

S300 Management

 What is the CEO of startup300'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.
  • startup300 has no CEO, or we have no data on them.
Management Team

Roman Scharf

TITLE

Peter Lasinger

TITLE
Partner & MD

Eva Arh

TITLE
Principal

Gerald Pollack

TITLE
Associate
Board of Directors

Michael Altrichter

TITLE
Chairman of the Supervisory Board
AGE
46

Markus Ertler

TITLE
Vice-Chairman of the Supervisory Board

Alfred Luger

TITLE
Member of the Supervisory Board

Gabriel Grabner

TITLE
Member of the Supervisory Board

Hansi Hansmann

TITLE
Member of the Supervisory Board
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 startup300'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. startup300 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.

S300 News

Simply Wall St News

S300 Company Info

Description

startup300 AG is a venture capital firm conceived as a business angel network specializing in start-up, seed and growth capital investments. The firm seeks to take minority stakes and invests in the technology sector. The firm invests between €0.05 million ($0.06 million) and €0.5 million ($0.57 million) in their early stage program and more than €1 million ($1.13 million) in their growth stage program. startup300 AG was founded in 2015 and is headquartered in Linz, Austria.

Details
Name: startup300 AG
S300
Exchange: WBAG
Founded: 2015
€12,865,997
1,914,583
Website: http://startup300.at
Address: startup300 AG
Peter-Behrens-Platz 10,
Linz,
Upper Austria, 4020,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG S300 Share Capital Wiener Boerse AG AT EUR 21. Jan 2019
Number of employees
Current staff
Staff numbers
35
startup300 employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 22:15
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/01/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.