WBAG:WIE

Stock Analysis Report

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Executive Summary

Wienerberger AG produces and sells bricks, roof tiles, concrete pavers, and pipe systems in Austria and internationally. More Details


Snowflake Analysis

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WIE is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WIE's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-5.1%

WIE

-0.09%

AT Basic Materials

1.3%

AT Market


1 Year Return

-6.4%

WIE

-6.6%

AT Basic Materials

-13.2%

AT Market

Return vs Industry: WIE matched the Austrian Basic Materials industry which returned -5.6% over the past year.

Return vs Market: WIE exceeded the Austrian Market which returned -13% over the past year.


Shareholder returns

WIEIndustryMarket
7 Day-5.1%-0.09%1.3%
30 Day7.3%16.4%20.6%
90 Day1.0%8.2%13.6%
1 Year-3.9%-6.4%-3.5%-6.6%-10.9%-13.2%
3 Year33.5%24.4%-3.7%-12.2%-7.4%-15.6%
5 Year50.0%36.1%14.0%-1.4%36.7%18.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WIE (€23.24) is trading below our estimate of fair value (€39.61)

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


Price To Earnings Ratio

PE vs Industry: WIE is poor value based on its PE Ratio (30.4x) compared to the XE Basic Materials industry average (15.2x).

PE vs Market: WIE is poor value based on its PE Ratio (30.4x) compared to the Austrian market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: WIE is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: WIE is overvalued based on its PB Ratio (1.4x) compared to the XE Basic Materials industry average (1.2x).


Next Steps

Future Growth

How is Wienerberger forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

60.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIE's forecast earnings growth (60.9% per year) is above the savings rate (0.5%).

Earnings vs Market: WIE's earnings (60.9% per year) are forecast to grow faster than the Austrian market (29.4% per year).

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

Revenue vs Market: WIE's revenue (2.9% per year) is forecast to grow slower than the Austrian market (5.4% per year).

High Growth Revenue: WIE's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WIE's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has Wienerberger performed over the past 5 years?

32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WIE has a large one-off loss of €114.6M impacting its September 30 2020 financial results.

Growing Profit Margin: WIE's current net profit margins (2.6%) are lower than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: WIE has become profitable over the past 5 years, growing earnings by 32.1% per year.

Accelerating Growth: WIE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WIE had negative earnings growth (-59.5%) over the past year, making it difficult to compare to the Basic Materials industry average (-7.8%).


Return on Equity

High ROE: WIE's Return on Equity (5.1%) is considered low.


Next Steps

Financial Health

How is Wienerberger's financial position?


Financial Position Analysis

Short Term Liabilities: WIE's short term assets (€1.9B) exceed its short term liabilities (€981.4M).

Long Term Liabilities: WIE's short term assets (€1.9B) exceed its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: WIE's debt to equity ratio (61.1%) is considered high.

Reducing Debt: WIE's debt to equity ratio has increased from 41.7% to 61.1% over the past 5 years.

Debt Coverage: WIE's debt is well covered by operating cash flow (42.3%).

Interest Coverage: WIE's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Next Steps

Dividend

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

2.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WIE's dividend (2.58%) is higher than the bottom 25% of dividend payers in the Austrian market (1.39%).

High Dividend: WIE's dividend (2.58%) is low compared to the top 25% of dividend payers in the Austrian market (4.25%).


Stability and Growth of Payments

Stable Dividend: WIE's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.4%), WIE's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WIE's dividends in 3 years are forecast to be well covered by earnings (36% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Heimo Scheuch (54 yo)

11.25yrs

Tenure

€2,378,842

Compensation

Mag. Dr. Heimo Scheuch has been the Chairman of Management Board for Wienerberger AG since July 31, 2009 and has also been its Managing Director and Chief Executive Officer since August 1, 2009. He also as...


CEO Compensation Analysis

Compensation vs Market: Heimo's total compensation ($USD2.84M) is above average for companies of similar size in the Austrian market ($USD1.73M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Heimo Scheuch
Chairman of Managing Board11.25yrs€2.38m0.14%
€ 3.6m
Solveig Menard-Galli
Member of the Managing Board1.42yrs€420.59k0.00059%
€ 15.4k
Carlo Crosetto
Member of Management Board & CFO0.67yrno datano data
Harald Schwarzmayr
Member of the Managing Board0.25yrno datano data
Jörg Reinold
Chief Information & Digital Officer3.83yrsno datano data
Anna Grausgruber
Head of Investor Relations0.83yrno datano data
Bernd Braunstein
Head of Corporate Legal Servicesno datano datano data
Barbara Grohs
Head of Corporate Communications1.58yrsno datano data
Klaus Ofner
Head of Corporate Development0.83yrno datano data
Wolfgang Weiss
Head of Corporate Human Resources11.67yrsno datano data
Gerhard Koch
Head of Corporate Public Affairsno datano datano data
Gerald Ettmann
Head of Corporate Internal Audit13.33yrsno datano data

1.5yrs

Average Tenure

51yo

Average Age

Experienced Management: WIE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christian Jourquin
Independent Member of Supervisory Board6.5yrs€77.33kno data
Peter Johnson
Shareholder Representative Independent Chairman of Supervisory Board1.08yrs€92.76kno data
Regina Prehofer
Independent Member of Supervisory Board9.5yrs€102.05kno data
Peter Steiner
Shareholder Representative Independent 1st Vice-Chairmanno data€93.75k0.0019%
€ 48.8k
Oswald Schmid
Independent Member of Supervisory Board1.5yrs€52.24kno data
Gerhard Seban
Employee Representative Member of the Supervsiory Board14.67yrsno datano data
Claudia Schiroky
Employee Representative Member of the Supervsiory Board18.33yrsno data0.000010%
€ 260.9
Myriam Meyer
Shareholder Representative Independent 2nd Vice-Chairwoman0.83yr€80.09k0.00089%
€ 23.2k
David Davies
Independent Member of the Supervisory Board3.5yrs€86.49k0.0020%
€ 53.0k
Wolfgang Wallner
Employee Representative Member of Supervisory Board1.5yrsno datano data

3.5yrs

Average Tenure

61yo

Average Age

Experienced Board: WIE's board of directors are considered experienced (3.5 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

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


Key Information

  • Name: Wienerberger AG
  • Ticker: WIE
  • Exchange: WBAG
  • Founded: 1819
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: €2.609b
  • Shares outstanding: 112.27m
  • Website: https://www.wienerberger.com

Number of Employees


Location

  • Wienerberger AG
  • Wienerbergerplatz 1
  • Vienna
  • Vienna
  • 1100
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBRB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
WIEWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
WIBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0MKZLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
WIBXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
WIEVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
WIESWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
WIESEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKJan 1992
WBRB.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDNov 1996

Biography

Wienerberger AG produces and sells bricks, roof tiles, concrete pavers, and pipe systems in Austria and internationally. It operates through Wienerberger Building Solutions, Wienerberger Piping Solutions, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/30 20:46
End of Day Share Price2020/11/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.