WBAG:SANT

Stock Analysis Report

Executive Summary

S&T AG develops, implements, and markets IT hardware, solutions, and services primarily in Germany, Austria, Switzerland, Eastern Europe, North America, Asia, and internationally.


Snowflake Analysis

Adequate balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has S&T's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.8%

SANT

5.3%

AT Tech

3.9%

AT Market


1 Year Return

-27.7%

SANT

-10.4%

AT Tech

-31.5%

AT Market

Return vs Industry: SANT underperformed the Austrian Tech industry which returned -10.4% over the past year.

Return vs Market: SANT exceeded the Austrian Market which returned -31.5% over the past year.


Shareholder returns

SANTIndustryMarket
7 Day6.8%5.3%3.9%
30 Day-13.3%-1.7%-24.3%
90 Day-21.2%-16.2%-33.5%
1 Year-27.1%-27.7%-8.9%-10.4%-29.1%-31.5%
3 Yearn/a6.1%0.5%-16.8%-24.3%
5 Yearn/a75.0%54.5%0.7%-13.4%

Price Volatility Vs. Market

How volatile is S&T's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is S&T undervalued compared to its fair value and its price relative to the market?

18.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SANT (€17.09) is trading below our estimate of fair value (€21.31)

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


Price To Earnings Ratio

PE vs Industry: SANT is poor value based on its PE Ratio (23.1x) compared to the Tech industry average (13.2x).

PE vs Market: SANT is poor value based on its PE Ratio (23.1x) compared to the Austrian market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: SANT is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SANT is overvalued based on its PB Ratio (3x) compared to the XE Tech industry average (1.1x).


Next Steps

Future Growth

How is S&T forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

19.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SANT's forecast earnings growth (19.5% per year) is above the savings rate (-0.1%).

Earnings vs Market: SANT's earnings (19.5% per year) are forecast to grow faster than the Austrian market (10.1% per year).

High Growth Earnings: SANT's earnings are forecast to grow, but not significantly.

Revenue vs Market: SANT's revenue (8.2% per year) is forecast to grow faster than the Austrian market (2.1% per year).

High Growth Revenue: SANT's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SANT's Return on Equity is forecast to be low in 3 years time (17.8%).


Next Steps

Past Performance

How has S&T performed over the past 5 years?

32.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SANT has high quality earnings.

Growing Profit Margin: SANT's current net profit margins (4.3%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: SANT's earnings have grown significantly by 32% per year over the past 5 years.

Accelerating Growth: SANT's earnings growth over the past year (9.2%) is below its 5-year average (32% per year).

Earnings vs Industry: SANT earnings growth over the past year (9.2%) exceeded the Tech industry 7.9%.


Return on Equity

High ROE: SANT's Return on Equity (12.9%) is considered low.


Next Steps

Financial Health

How is S&T's financial position?


Financial Position Analysis

Short Term Liabilities: SANT's short term assets (€768.5M) exceed its short term liabilities (€508.8M).

Long Term Liabilities: SANT's short term assets (€768.5M) exceed its long term liabilities (€331.8M).


Debt to Equity History and Analysis

Debt Level: SANT's debt to equity ratio (69.9%) is considered high.

Reducing Debt: SANT's debt to equity ratio has increased from 45% to 69.9% over the past 5 years.

Debt Coverage: SANT's debt is well covered by operating cash flow (31%).

Interest Coverage: SANT's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet

Inventory Level: SANT has a high level of physical assets or inventory.

Debt Coverage by Assets: SANT's debt is covered by short term assets (assets are 2.9x debt).


Next Steps

Dividend

What is S&T's current dividend yield, its reliability and sustainability?

1.10%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SANT's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.96%).

High Dividend: SANT's dividend (0.93%) is low compared to the top 25% of dividend payers in the Austrian market (6.31%).


Stability and Growth of Payments

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

Growing Dividend: SANT 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: SANT is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SANT'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?

10.3yrs

Average management tenure


CEO

Hannes Niederhauser (57yo)

9.25s

Tenure

Mr. Hannes Niederhauser Dipl. Ing. serves as the Chief Executive Officer and Chairman of the Executive Board at S&T AG. Mr. Niederhauser has been the COO, CEO and Member of Management Board at Kontron S&T  ...


Leadership Team

NamePositionTenureCompensationOwnership
Hannes Niederhauser
CEO & Chairman of the Executive Board9.25yrsno data2.06% 23.2m
Richard Neuwirth
CFO & Deputy Chairman of Executive Board2.83yrsno data0.29% 3.3m
Michael Jeske
COO of Services DACH & Member of Executive Board11.25yrsno data0.046% 517.0k
Peter Sturz
COO of Services EE & Member of Executive Board12.25yrsno data0.014% 152.2k
Carlos Queiroz
COO of IoT Solutions Europe & Member of Executive Boardno datano datano data
Christoph Neumann
VP of Technology & Member of Executive Boardno datano datano data
Alexandra Habekost
Head of Investor Relationsno datano datano data
Steve Chen
Executive VP of Asiano datano datano data
Olga Sinenko
Executive VP of Smart Energyno datano datano data
Michael Riegert
Executive VP of APACno datano datano data

10.3yrs

Average Tenure

57yo

Average Age

Experienced Management: SANT's management team is seasoned and experienced (10.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erhard Grossnigg
Chairman of Supervisory Boardno datano datano data
Bernhard Chwatal
Deputy Chairman of the Supervisory Board6.92yrsno datano data
Hui-Feng Wu
Member of Supervisory Board2.75yrsno datano data
Fu-Chuan Chu
Member of Supervisory Board2.75yrsno datano data
Max Lee
Member of Supervisory Board0.92yrno datano data

2.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: SANT's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

S&T AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: S&T AG
  • Ticker: SANT
  • Exchange: WBAG
  • Founded: 1990
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: €1.125b
  • Shares outstanding: 65.07m
  • Website: https://www.snt.at

Number of Employees


Location

  • S&T AG
  • Industriezeile 35
  • Linz
  • Upper Austria
  • 4021
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SANTDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURNov 2000
SANTXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURNov 2000
0L9JLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURNov 2000
SANTWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURNov 2000
SANTDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURNov 2000
SANTSWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFNov 2000
SANT-UETLX (Eurotlx)YesOrdinary Bearer SharesITEURNov 2000

Biography

S&T AG develops, implements, and markets IT hardware, solutions, and services primarily in Germany, Austria, Switzerland, Eastern Europe, North America, Asia, and internationally. The company operates through three segments: IT Services, IoT Solutions Europe, and Embedded Systems. The IT Services segment engages in the development, implementation, and marketing of hardware and software, and solutions. The IoT Solutions Europe segment provides, implements, and operates proprietary-developed hardware and software products, solutions for Internet of Things, and Industry 4.0 applications for use in the vertical markets of industrial automation, medical technologies, infotainment, and smart energy. The Embedded Systems segment engages in the development of embedded hardware products and the provision of the related services for the transport, aviation, and communication sectors. Its services include consulting services, such as formulation of migration scenarios for planned changes in technologies; advising on the implementation of ERP systems, including SAP; and facilitation of the creation of security systems applied to networks. The company also provides integration services to implement, supply, and configure various hardware and software products for its clients, such as notebooks, desktops, servers, POS systems, peripheral devices, and printers, as well as installs and configures hardware and software products. In addition, it offers outsourcing services, including operation of IT facilities or components. The company was founded in 1990 and is headquartered in Linz, Austria. S&T AG operates as a subsidiary of Euroconn Corporation.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 01:17
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.