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AMAG

AMAG Austria Metall WBAG:AMAG Stock Report

Last Price

€30.20

Market Cap

€1.1b

7D

-2.3%

1Y

-21.6%

Updated

01 Oct, 2022

Data

Company Financials +
AMAG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends3/6

AMAG Stock Overview

AMAG Austria Metall AG, together with its subsidiaries, produces, processes, and distributes aluminum, and cast products in Austria and internationally.

AMAG Austria Metall Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AMAG Austria Metall
Historical stock prices
Current Share Price€30.20
52 Week High€43.30
52 Week Low€27.20
Beta0.63
1 Month Change-6.21%
3 Month Change-12.21%
1 Year Change-21.56%
3 Year Change-0.33%
5 Year Change-43.15%
Change since IPO68.81%

Recent News & Updates

Shareholder Returns

AMAGAT Metals and MiningAT Market
7D-2.3%2.0%-1.0%
1Y-21.6%-15.7%-20.4%

Return vs Industry: AMAG underperformed the Austrian Metals and Mining industry which returned -15.7% over the past year.

Return vs Market: AMAG underperformed the Austrian Market which returned -20.4% over the past year.

Price Volatility

Is AMAG's price volatile compared to industry and market?
AMAG volatility
AMAG Average Weekly Movement4.4%
Metals and Mining Industry Average Movement7.0%
Market Average Movement4.1%
10% most volatile stocks in AT Market7.1%
10% least volatile stocks in AT Market2.4%

Stable Share Price: AMAG is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AMAG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19392,207Gerald Mayerhttps://www.amag-al4u.com

AMAG Austria Metall AG, together with its subsidiaries, produces, processes, and distributes aluminum, and cast products in Austria and internationally. It operates through Metal, Casting, Rolling, and Service divisions. The Metal division engages in aluminum smelting activities; and the risk management and steering of metal flows.

AMAG Austria Metall Fundamentals Summary

How do AMAG Austria Metall's earnings and revenue compare to its market cap?
AMAG fundamental statistics
Market Cap€1.06b
Earnings (TTM)€108.04m
Revenue (TTM)€1.57b

9.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMAG income statement (TTM)
Revenue€1.57b
Cost of Revenue€1.27b
Gross Profit€301.53m
Other Expenses€193.49m
Earnings€108.04m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)3.06
Gross Margin19.22%
Net Profit Margin6.89%
Debt/Equity Ratio106.4%

How did AMAG perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

49%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AMAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMAG?

Other financial metrics that can be useful for relative valuation.

AMAG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA6.6x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does AMAG's PE Ratio compare to its peers?

AMAG PE Ratio vs Peers
The above table shows the PE ratio for AMAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.6x
VOE Voestalpine
2.4x-27.5%€3.1b
LNZ Lenzing
16.1x31.8%€1.5b
WIE Wienerberger
4x-8.7%€2.1b
MMK Mayr-Melnhof Karton
7.9x0.07%€2.6b
AMAG AMAG Austria Metall
9.9x-20.4%€1.1b

Price-To-Earnings vs Peers: AMAG is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (7.6x).


Price to Earnings Ratio vs Industry

How does AMAG's PE Ratio compare vs other companies in the European Metals and Mining Industry?

Price-To-Earnings vs Industry: AMAG is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the European Metals and Mining industry average (4.3x)


Price to Earnings Ratio vs Fair Ratio

What is AMAG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio7.3x

Price-To-Earnings vs Fair Ratio: AMAG is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.3x).


Share Price vs Fair Value

What is the Fair Price of AMAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMAG (€30.2) is trading below our estimate of fair value (€34.43)

Significantly Below Fair Value: AMAG is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is AMAG Austria Metall forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-20.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMAG's earnings are forecast to decline over the next 3 years (-20.4% per year).

Earnings vs Market: AMAG's earnings are forecast to decline over the next 3 years (-20.4% per year).

High Growth Earnings: AMAG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AMAG's revenue (1.6% per year) is forecast to grow faster than the Austrian market (-1.2% per year).

High Growth Revenue: AMAG's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMAG's Return on Equity is forecast to be low in 3 years time (9.8%).


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Past Performance

How has AMAG Austria Metall performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AMAG has a high level of non-cash earnings.

Growing Profit Margin: AMAG's current net profit margins (6.9%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: AMAG's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: AMAG's earnings growth over the past year (215.6%) exceeds its 5-year average (2.6% per year).

Earnings vs Industry: AMAG earnings growth over the past year (215.6%) exceeded the Metals and Mining industry 56.4%.


Return on Equity

High ROE: AMAG's Return on Equity (15.7%) is considered low.


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Financial Health

How is AMAG Austria Metall's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AMAG's short term assets (€1.1B) exceed its short term liabilities (€442.0M).

Long Term Liabilities: AMAG's short term assets (€1.1B) exceed its long term liabilities (€777.7M).


Debt to Equity History and Analysis

Debt Level: AMAG's net debt to equity ratio (72.8%) is considered high.

Reducing Debt: AMAG's debt to equity ratio has increased from 66.3% to 106.4% over the past 5 years.

Debt Coverage: AMAG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AMAG's interest payments on its debt are well covered by EBIT (14.1x coverage).


Balance Sheet


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Dividend

What is AMAG Austria Metall current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.97%

Current Dividend Yield

Dividend Yield vs Market

AMAG Austria Metall Dividend Yield vs Market
How does AMAG Austria Metall dividend yield compare to the market?
SegmentDividend Yield
Company (AMAG Austria Metall)5.0%
Market Bottom 25% (AT)2.3%
Market Top 25% (AT)6.7%
Industry Average (Metals and Mining)10.3%
Analyst forecast in 3 Years (AMAG Austria Metall)4.8%

Notable Dividend: AMAG's dividend (4.97%) is higher than the bottom 25% of dividend payers in the Austrian market (2.32%).

High Dividend: AMAG's dividend (4.97%) is low compared to the top 25% of dividend payers in the Austrian market (6.75%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49%), AMAG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: AMAG is paying a dividend but the company has no free cash flows.


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Management

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

11.6yrs

Average management tenure


CEO

Gerald Mayer (51 yo)

11.58yrs

Tenure

€1,173,000

Compensation

Mag. Gerald Mayer has been Chairman of Management Board and Chief Executive Officer of AMAG Austria Metall AG since March 1, 2019. Mag. Mayer has been the Member of Management Board at AMAG Austria Metall...


CEO Compensation Analysis

Gerald Mayer's Compensation vs AMAG Austria Metall Earnings
How has Gerald Mayer's remuneration changed compared to AMAG Austria Metall's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€108m

Mar 31 2022n/an/a

€93m

Dec 31 2021€1m€550k

€65m

Sep 30 2021n/an/a

€57m

Jun 30 2021n/an/a

€34m

Mar 31 2021n/an/a

€5m

Dec 31 2020€918k€550k

€11m

Sep 30 2020n/an/a

€20m

Jun 30 2020n/an/a

€32m

Mar 31 2020n/an/a

€43m

Dec 31 2019€994k€634k

€39m

Sep 30 2019n/an/a

€31m

Jun 30 2019n/an/a

€30m

Mar 31 2019n/an/a

€39m

Dec 31 2018€660k€463k

€45m

Sep 30 2018n/an/a

€58m

Jun 30 2018n/an/a

€59m

Mar 31 2018n/an/a

€59m

Dec 31 2017€747k€463k

€63m

Sep 30 2017n/an/a

€56m

Jun 30 2017n/an/a

€58m

Mar 31 2017n/an/a

€55m

Dec 31 2016€773k€465k

€46m

Sep 30 2016n/an/a

€46m

Jun 30 2016n/an/a

€45m

Mar 31 2016n/an/a

€36m

Dec 31 2015€746k€426k

€41m

Compensation vs Market: Gerald's total compensation ($USD1.15M) is about average for companies of similar size in the Austrian market ($USD1.02M).

Compensation vs Earnings: Gerald's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AMAG's management team is seasoned and experienced (11.6 years average tenure).


Board Members

Experienced Board: AMAG'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

What is the ownership structure of AMAG?
Owner TypeNumber of SharesOwnership Percentage
General Public1,713,3404.9%
Employee Share Scheme4,055,36011.5%
Private Companies10,191,29628.9%
Institutions19,304,00454.7%

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


Top Shareholders

Top 17 shareholders own 95.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
52.7%
B & C Privatstiftung, Endowment Arm
18,584,128€561.2m0%no data
16.5%
Raiffeisen Banking Group
5,818,560€175.7m0%no data
11.5%
AMAG Arbeitnehmer Privatstiftung
4,055,360€122.5m0%no data
8.2%
Treibacher Industrieholding GmbH
2,891,648€87.3m0%no data
4.2%
Ratikon Privatstiftung
1,481,088€44.7m0%no data
0.44%
Erste Asset Management GmbH
154,300€4.7m0%0.09%
0.37%
Matejka & Partner Asset Management GmbH
131,561€4.0m-0.75%5.55%
0.37%
BlackRock, Inc.
130,550€3.9m0%no data
0.26%
Norges Bank Investment Management
92,605€2.8m0%no data
0.23%
Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
80,000€2.4m0%0.04%
0.12%
Sparkasse Oberösterreich Kapitalanlagegesellschaft M.B.H.
43,406€1.3m0%0.24%
0.1%
Schroder Investment Management Limited
36,251€1.1m0%no data
0.065%
LLB Invest Kapitalanlagegesellschaft m.b.H.
23,000€694.6k0%0.09%
0.051%
LBBW Asset Management Investmentgesellschaft mbH
18,100€546.6k-22.12%0.01%
0.021%
Kepler-Fonds KAG
7,274€219.7k0%0.01%
0.0078%
EB Portfoliomanagement GmbH
2,764€83.5k0%0.19%
0.00018%
State Street Global Advisors, Inc.
65€2.0k14.04%no data

Company Information

AMAG Austria Metall AG's employee growth, exchange listings and data sources


Key Information

  • Name: AMAG Austria Metall AG
  • Ticker: AMAG
  • Exchange: WBAG
  • Founded: 1939
  • Industry: Aluminum
  • Sector: Materials
  • Implied Market Cap: €1.065b
  • Shares outstanding: 35.26m
  • Website: https://www.amag-al4u.com

Number of Employees


Location

  • AMAG Austria Metall AG
  • Lamprechtshausener Strasse 61
  • PO Box 3
  • Ranshofen
  • Upper Austria
  • 5282
  • Austria


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMAGWBAG (Wiener Boerse AG)YesBearer SharesATEURApr 2011
AM8DB (Deutsche Boerse AG)YesBearer SharesDEEURApr 2011
0Q7LLSE (London Stock Exchange)YesBearer SharesGBEURApr 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.