WBAG:VOE

Stock Analysis Report

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Executive Summary

Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

VOE

-2.9%

AT Metals and Mining

-3.3%

AT Market


1 Year Return

5.0%

VOE

3.1%

AT Metals and Mining

-27.4%

AT Market

Return vs Industry: VOE matched the Austrian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: VOE exceeded the Austrian Market which returned -25% over the past year.


Shareholder returns

VOEIndustryMarket
7 Day-1.4%-2.9%-3.3%
30 Day13.9%0.6%1.1%
90 Day32.5%-2.6%-2.7%
1 Year6.1%5.0%7.3%3.1%-25.6%-27.4%
3 Year-42.9%-47.8%7.7%-6.6%-22.0%-28.8%
5 Year-16.7%-28.3%101.1%59.7%16.8%0.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

16.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VOE (€24.66) is trading below our estimate of fair value (€29.57)

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


Price To Earnings Ratio

PE vs Industry: VOE is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.

PE vs Market: VOE is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VOE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VOE is good value based on its PB Ratio (0.8x) compared to the XE Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Voestalpine forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

93.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: VOE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VOE's is expected to become profitable in the next 3 years.

Revenue vs Market: VOE's revenue (5.1% per year) is forecast to grow faster than the Austrian market (4.9% per year).

High Growth Revenue: VOE's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VOE's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has Voestalpine performed over the past 5 years?

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VOE is currently unprofitable.

Growing Profit Margin: VOE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VOE is unprofitable, and losses have increased over the past 5 years at a rate of 26.8% per year.

Accelerating Growth: Unable to compare VOE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VOE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-21.3%).


Return on Equity

High ROE: VOE has a negative Return on Equity (-6.83%), as it is currently unprofitable.


Next Steps

Financial Health

How is Voestalpine's financial position?


Financial Position Analysis

Short Term Liabilities: VOE's short term assets (€5.9B) exceed its short term liabilities (€3.7B).

Long Term Liabilities: VOE's short term assets (€5.9B) exceed its long term liabilities (€5.5B).


Debt to Equity History and Analysis

Debt Level: VOE's debt to equity ratio (77.7%) is considered high.

Reducing Debt: VOE's debt to equity ratio has increased from 66.4% to 77.7% over the past 5 years.

Debt Coverage: VOE's debt is well covered by operating cash flow (31.7%).

Interest Coverage: VOE is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Voestalpine current dividend yield, its reliability and sustainability?

0.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VOE's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.43%).

High Dividend: VOE's dividend (0.81%) is low compared to the top 25% of dividend payers in the Austrian market (4.88%).


Stability and Growth of Payments

Stable Dividend: VOE is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.

Growing Dividend: VOE is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: VOE is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VOE's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Herbert Eibensteiner (57 yo)

1.25yrs

Tenure

€1,450,000

Compensation

Dipl.-Ing. Herbert Eibensteiner has been Chief Executive Officer and Chairman of the Board at Voestalpine AG since July 3, 2019 and has been its Member of Management Board since April 01, 2012. Dipl.-Ing. ...


CEO Compensation Analysis

Compensation vs Market: Herbert's total compensation ($USD1.72M) is about average for companies of similar size in the Austrian market ($USD1.71M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Herbert Eibensteiner
Chairman of Management Board & CEO1.25yrs€1.45mno data
Robert Ottel
CFO & Member of Management Board14.92yrs€1.22mno data
Franz Rotter
Head of the High Performance Metals Division & Member of Management Board9.75yrs€1.22mno data
Franz Kainersdorfer
Head of the Metal Engineering Division & Member of the Management Board9.25yrs€1.22mno data
Peter Schwab
Head of the Metal Forming Division & Member of the Management Board6yrs€1.22mno data
Hubert Zajicek
Head of the Steel Division & Member of the Management Board1.25yrs€773.12kno data
Peter Fleischer
Head of Investor Relationsno datano datano data
Peter Felsbach
Head of Group Communicationsno datano datano data
Franz Androsch
Head of Research & Development6yrsno datano data
Michael Eyett
Head of Corporate Procurement6yrsno datano data
Mathias Farthofer
Head of Strategyno datano datano data

6.0yrs

Average Tenure

54.5yo

Average Age

Experienced Management: VOE's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wolfgang Eder
Member of Supervisory Board1.25yrs€2.36mno data
Joachim Lemppenau
Independent Chairman of the Supervisory Board16.25yrs€27.00kno data
Josef Gritz
Independent Member of the Supervisory Board20.75yrsno datano data
Franz Gasselsberger
Independent Member of the Supervisory Board16.25yrsno datano data
Heinrich Schaller
Deputy Chairman of the Supervisory Board8.25yrs€20.00kno data
Hans-Karl Schaller
Independent Member of the Supervisory Board15.08yrs€45.00kno data
Elisabeth Stadler
Member of Supervisory Board1.25yrsno datano data
Gerhard Scheidreiter
Independent Member of the Supervisory Board8.75yrsno datano data
Sandra Fritz
Member of the Supervisory Board1.33yrsno datano data
Ingrid Jorg
Member of Supervisory Board1.25yrsno datano data
Maria Kubitschek
Member of Supervisory Board1.25yrsno datano data
Florian Khol
Member of Supervisory Board1.25yrsno datano data

4.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: VOE's board of directors are considered experienced (4.8 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

Voestalpine AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Voestalpine AG
  • Ticker: VOE
  • Exchange: WBAG
  • Founded:
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €4.402b
  • Shares outstanding: 178.52m
  • Website: https://www.voestalpine.com

Number of Employees


Location

  • Voestalpine AG
  • voestalpine-Strasse 1
  • Linz
  • Upper Austria
  • 4020
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VLPN.FOTCPK (Pink Sheets LLC)YesCommon Bearer SharesUSUSDOct 1995
VASDB (Deutsche Boerse AG)YesCommon Bearer SharesDEEUROct 1995
VOEWBAG (Wiener Boerse AG)YesCommon Bearer SharesATEUROct 1995
0MKXLSE (London Stock Exchange)YesCommon Bearer SharesGBEUROct 1995
VOEVBATS-CHIXE (BATS 'Chi-X Europe')YesCommon Bearer SharesGBEUROct 1995
VOESWX (SIX Swiss Exchange)YesCommon Bearer SharesCHCHFOct 1995
VOESEP (The Stock Exchange Prague Co. Ltd.)YesCommon Bearer SharesCZCZKOct 1995
VAS-UETLX (Eurotlx)YesCommon Bearer SharesITEUROct 1995
VLPN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 20:53
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.