Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. More Details
Adequate balance sheet and fair value.
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 is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VOE's weekly volatility (4%) has been stable over the past year.
7 Day Return
AT Metals and Mining
1 Year Return
AT Metals and Mining
Return vs Industry: VOE exceeded the Austrian Metals and Mining industry which returned 47.3% over the past year.
Return vs Market: VOE exceeded the Austrian Market which returned 54.6% over the past year.
Long-Term 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
1 week ago | Simply Wall StIs Voestalpine AG (VIE:VOE) Popular Amongst Institutions?
4 weeks ago | Simply Wall StIs Voestalpine (VIE:VOE) Using Too Much Debt?
1 month ago | Simply Wall StWe Think Voestalpine's (VIE:VOE) Healthy Earnings Might Be Conservative
Is Voestalpine undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VOE (€37.18) is trading below our estimate of fair value (€48.94)
Significantly Below Fair Value: VOE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VOE is poor value based on its PE Ratio (157.7x) compared to the European Metals and Mining industry average (11x).
PE vs Market: VOE is poor value based on its PE Ratio (157.7x) compared to the Austrian market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: VOE is poor value based on its PEG Ratio (5.2x)
Price to Book Ratio
PB vs Industry: VOE is good value based on its PB Ratio (1.2x) compared to the XE Metals and Mining industry average (1.7x).
How is Voestalpine forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VOE's forecast earnings growth (30.4% per year) is above the savings rate (0.3%).
Earnings vs Market: VOE's earnings (30.4% per year) are forecast to grow faster than the Austrian market (14% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VOE's revenue (4.1% per year) is forecast to grow slower than the Austrian market (5.2% per year).
High Growth Revenue: VOE's revenue (4.1% 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 (7.3%).
How has Voestalpine performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VOE has a large one-off loss of €203.6M impacting its March 31 2021 financial results.
Growing Profit Margin: VOE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VOE's earnings have declined by 41.9% per year over the past 5 years.
Accelerating Growth: VOE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VOE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (43.1%).
Return on Equity
High ROE: VOE's Return on Equity (0.6%) is considered low.
How is Voestalpine's financial position?
Financial Position Analysis
Short Term Liabilities: VOE's short term assets (€6.5B) exceed its short term liabilities (€4.9B).
Long Term Liabilities: VOE's short term assets (€6.5B) exceed its long term liabilities (€4.3B).
Debt to Equity History and Analysis
Debt Level: VOE's debt to equity ratio (79%) is considered high.
Reducing Debt: VOE's debt to equity ratio has increased from 75.1% to 79% over the past 5 years.
Debt Coverage: VOE's debt is well covered by operating cash flow (36.6%).
Interest Coverage: VOE's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Voestalpine current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VOE's dividend (1.34%) is higher than the bottom 25% of dividend payers in the Austrian market (1.33%).
High Dividend: VOE's dividend (1.34%) is low compared to the top 25% of dividend payers in the Austrian market (3.41%).
Stability and Growth of Payments
Stable Dividend: VOE's dividend payments have been volatile in the past 10 years.
Growing Dividend: VOE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (212%), VOE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VOE's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Herbert Eibensteiner (58 yo)
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 ($USD2.63M) is about average for companies of similar size in the Austrian market ($USD2.63M).
Compensation vs Earnings: Herbert's compensation has been consistent with company performance over the past year.
Experienced Management: VOE's management team is seasoned and experienced (6.8 years average tenure).
Experienced Board: VOE's board of directors are considered experienced (5.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Voestalpine AG's company bio, employee growth, exchange listings and data sources
- Name: Voestalpine AG
- Ticker: VOE
- Exchange: WBAG
- Founded: NaN
- Industry: Steel
- Sector: Materials
- Market Cap: €6.637b
- Shares outstanding: 178.52m
- Website: https://www.voestalpine.com
Number of Employees
- Voestalpine AG
- voestalpine-Strasse 1
- Upper Austria
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/02 18:32|
|End of Day Share Price||2021/08/02 00:00|
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.