AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

WBAG:ATS Stock Report

Market Cap: €804.2m

AT & S Austria Technologie & Systemtechnik Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ATS (€20.7) is trading below our estimate of fair value (€120.45)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ATS 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/Revenue1.4x
Enterprise Value/EBITDA7.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ATS's PS Ratio compare to its peers?

The above table shows the PS ratio for ATS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
KTCG Kapsch TrafficCom
0.2x5.8%€114.1m
2392 Cheng Uei Precision Industry
0.3xn/aNT$29.3b
2359 Solomon Technology
6.8xn/aNT$24.7b
603989 Hunan Aihua Group
1.6xn/aCN¥6.0b
ATS AT & S Austria Technologie & Systemtechnik
0.5x18.9%€804.2m

Price-To-Sales vs Peers: ATS is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does ATS's PE Ratio compare vs other companies in the European Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.0%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.0%
n/an/an/a
No more companies

Price-To-Sales vs Industry: ATS is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Electronic industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

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

ATS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: ATS is expensive based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).


Analyst Price Targets

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

The above table shows the analyst ATS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.70
€27.76
+34.1%
26.8%€40.00€19.00n/a7
Sep ’25€17.98
€27.47
+52.8%
28.4%€40.00€17.00n/a7
Aug ’25€18.50
€27.76
+50.0%
28.0%€40.00€17.00n/a7
Jul ’25€21.58
€30.57
+41.7%
30.8%€44.00€17.00n/a7
Jun ’25€21.24
€30.57
+43.9%
30.8%€44.00€17.00n/a7
May ’25€20.86
€33.43
+60.3%
36.8%€55.00€17.00n/a7
Apr ’25€19.35
€33.43
+72.8%
36.8%€55.00€17.00n/a7
Mar ’25€19.34
€33.43
+72.8%
36.8%€55.00€17.00n/a7
Feb ’25€21.20
€34.29
+61.7%
34.0%€55.00€17.00n/a7
Jan ’25€26.30
€45.71
+73.8%
55.3%€105.00€24.00n/a7
Dec ’24€25.78
€45.71
+77.3%
55.3%€105.00€24.00n/a7
Nov ’24€23.64
€47.86
+102.4%
54.8%€105.00€24.00n/a7
Oct ’24€28.02
€50.17
+79.0%
55.2%€105.00€24.00€19.836
Sep ’24€32.68
€50.17
+53.5%
55.2%€105.00€24.00€17.986
Aug ’24€34.00
€47.67
+40.2%
60.2%€105.00€24.00€18.506
Jul ’24€32.92
€46.83
+42.3%
57.7%€100.00€24.00€21.586
Jun ’24€28.92
€46.83
+61.9%
57.7%€100.00€24.00€21.246
May ’24€27.70
€42.67
+54.0%
37.1%€65.00€24.00€20.866
Apr ’24€28.35
€44.67
+57.6%
42.5%€77.00€24.00€19.356
Mar ’24€31.85
€53.00
+66.4%
32.8%€77.00€24.00€19.346
Feb ’24€29.00
€56.17
+93.7%
28.2%€77.00€26.00€21.206
Jan ’24€32.00
€63.71
+99.1%
31.9%€95.00€28.00€26.307
Dec ’23€35.55
€62.57
+76.0%
34.0%€95.00€28.00€25.787
Nov ’23€31.90
€65.57
+105.6%
28.6%€95.00€38.00€23.647
Oct ’23€33.65
€67.71
+101.2%
25.2%€95.00€38.00€28.027

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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