WBAG:AGR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

AGRANA Beteiligungs-Aktiengesellschaft

Executive Summary

AGRANA Beteiligungs-Aktiengesellschaft operates as a processor of agricultural raw materials worldwide.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has AGRANA Beteiligungs-Aktiengesellschaft's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.7%

AGR

1.5%

AT Food

5.1%

AT Market


1 Year Return

-8.7%

AGR

-0.3%

AT Food

-19.2%

AT Market

Return vs Industry: AGR underperformed the Austrian Food industry which returned -0.3% over the past year.

Return vs Market: AGR exceeded the Austrian Market which returned -19.2% over the past year.


Shareholder returns

AGRIndustryMarket
7 Day2.7%1.5%5.1%
30 Day3.4%1.7%0.4%
90 Day-0.8%0.5%-14.0%
1 Year-3.7%-8.7%1.9%-0.3%-18.2%-19.2%
3 Year-22.5%-32.6%17.2%10.4%-15.1%-21.6%
5 Year8.4%-14.2%46.2%32.7%12.6%-1.8%

Price Volatility Vs. Market

How volatile is AGRANA Beteiligungs-Aktiengesellschaft's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AGRANA Beteiligungs-Aktiengesellschaft undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGR (€17.4) is trading below our estimate of fair value (€39.33)

Significantly Below Fair Value: AGR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGR is poor value based on its PE Ratio (22.6x) compared to the Food industry average (17.4x).

PE vs Market: AGR is poor value based on its PE Ratio (22.6x) compared to the Austrian market (10.8x).


Price to Earnings Growth Ratio

PEG Ratio: AGR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: AGR is good value based on its PB Ratio (0.8x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

How is AGRANA Beteiligungs-Aktiengesellschaft forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

34.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGR's forecast earnings growth (34% per year) is above the savings rate (0.5%).

Earnings vs Market: AGR's earnings (34% per year) are forecast to grow faster than the Austrian market (21.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AGR's revenue (3% per year) is forecast to grow slower than the Austrian market (3.6% per year).

High Growth Revenue: AGR's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGR's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has AGRANA Beteiligungs-Aktiengesellschaft performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGR has high quality earnings.

Growing Profit Margin: AGR's current net profit margins (1.9%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: AGR's earnings have declined by -12.2% per year over the past 5 years.

Accelerating Growth: AGR's earnings growth over the past year (90.1%) exceeds its 5-year average (-12.2% per year).

Earnings vs Industry: AGR earnings growth over the past year (90.1%) exceeded the Food industry -0.9%.


Return on Equity

High ROE: AGR's Return on Equity (3.7%) is considered low.


Next Steps

Financial Health

How is AGRANA Beteiligungs-Aktiengesellschaft's financial position?


Financial Position Analysis

Short Term Liabilities: AGR's short term assets (€1.2B) exceed its short term liabilities (€597.0M).

Long Term Liabilities: AGR's short term assets (€1.2B) exceed its long term liabilities (€565.3M).


Debt to Equity History and Analysis

Debt Level: AGR's debt to equity ratio (39.7%) is considered satisfactory.

Reducing Debt: AGR's debt to equity ratio has reduced from 52.7% to 39.7% over the past 5 years.

Debt Coverage: AGR's debt is well covered by operating cash flow (20%).

Interest Coverage: AGR's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

What is AGRANA Beteiligungs-Aktiengesellschaft's current dividend yield, its reliability and sustainability?

4.43%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: AGR's dividend (4.43%) is higher than the bottom 25% of dividend payers in the Austrian market (1.71%).

High Dividend: AGR's dividend (4.43%) is low compared to the top 25% of dividend payers in the Austrian market (5.01%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (99.9%), AGR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.3yrs

Average management tenure


CEO

Johann Marihart (69yo)

28.33yrs

Tenure

€1,623,930

Compensation

Mr. Johann Marihart, Dipl.-Ing., serves as the President of the CEFS. Mr. Marihart serves as President of TÜV Österreich. Mr. Marihart serves as the Chief Executive Officer and Members of The Management Bo ...


CEO Compensation Analysis

Compensation vs Market: Johann's total compensation ($USD1.81M) is about average for companies of similar size in the Austrian market ($USD1.66M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Johann Marihart
Chairman of Management Board & CEO28.33yrs€1.62mno data
Stephan Büttner
CFO & Member of Management Board5.33yrs€1.00mno data
Thomas Kolbl
Member of Management Board14.83yrsno datano data
Fritz Gattermayer
Chief Sales Officer & Member of Management Board11.33yrs€1.16mno data
Norbert Harringer
CTO & Member of Management Board0.58yr€147.30kno data
Hannes Haider
Head of Corporate Communications & Investor Relationsno datano datano data

11.3yrs

Average Tenure

57yo

Average Age

Experienced Management: AGR's management team is seasoned and experienced (11.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erwin Hameseder
Independent Chairman of Supervisory Board5.83yrs€60.00kno data
Hans-Jörg Gebhard
Independent First Vice Chairman of Supervisory Boardno data€35.00kno data
Klaus Buchleitner
Independent Second Vice Chairman of Supervisory Board5.83yrs€45.00kno data
Ernst Karpfinger
Independent Member of Supervisory Board13.83yrs€35.00kno data
Thomas Buder
Employee Representative Member of Supervisory Board13.75yrsno datano data
Thomas Kirchberg
Independent Member of Supervisory Board10.83yrs€35.00kno data
Josef Pröll
Independent Member of Supervisory Board7.83yrs€35.00kno data
Stephan Savic
Employee Representative Member of Supervisory Board10.58yrsno datano data
Helmut Friedl
Independent Member of Supervisory Board2.83yrs€35.00kno data
Andreas Klamler
Employee Representative Member of Supervisory Board3.42yrsno datano data

7.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: AGR's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AGRANA Beteiligungs-Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AGRANA Beteiligungs-Aktiengesellschaft
  • Ticker: AGR
  • Exchange: WBAG
  • Founded: 1988
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €1.087b
  • Shares outstanding: 62.49m
  • Website: https://www.agrana.com

Number of Employees


Location

  • AGRANA Beteiligungs-Aktiengesellschaft
  • Friedrich-Wilhelm-Raiffeisen-Platz 1
  • Vienna
  • Vienna
  • 1020
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGRWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 2002
AGB2DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2002
AGRVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2002
AGB2XTRA (XETRA Trading Platform)YesOrdinary SharesDEEUROct 2002

Biography

AGRANA Beteiligungs-Aktiengesellschaft operates as a processor of agricultural raw materials worldwide. The company operates in three segments: Sugar, Starch, and Fruit. The Sugar segment processes sugar beet; refines raw sugar; and offers a range of granulated sugar and sugar specialty products, and fertilizers, as well as produces animal feedstuffs. This segment sells its products for use in sweets, non-alcoholic beverages, and pharmaceutical applications, as well as consumers through food retailers. It supplies sugar products under the Wiener Zucker brand in Austria and Koronás Cukor brand in Hungary. The Starch segment processes and refines agricultural raw materials, such as corn, wheat, and potatoes into starch products that are used in the food and beverage industry, as well as for use in paper, textile, cosmetics, and building materials sectors. It also produces fertilizers, animal feeds, alcohol/bioethanol for blending, and saccharification products. The Fruit segment designs, produces, and sells fruit preparations and fruit juice concentrates to dairy, bakery, ice cream, and foodservice industries. This segment also produces not-from-concentrate juices, fruit wines, beverage bases, and aromas. The company was founded in 1988 and is headquartered in Vienna, Austria. AGRANA Beteiligungs-Aktiengesellschaft is a subsidiary of Z&S Zucker und Stärke Holding AG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 21:31
End of Day Share Price2020/05/29 00:00
Earnings2020/02/29
Annual Earnings2020/02/29


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.