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FLU

Flughafen Wien WBAG:FLU Stock Report

Last Price

€32.85

Market Cap

€2.8b

7D

-0.2%

1Y

20.8%

Updated

12 Aug, 2022

Data

Company Financials +
FLU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

FLU Stock Overview

Flughafen Wien Aktiengesellschaft, together with its subsidiaries, engages in the construction and operation of civil airports and related facilities in Austria.

Flughafen Wien Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flughafen Wien
Historical stock prices
Current Share Price€32.85
52 Week High€33.10
52 Week Low€24.05
Beta0.90
1 Month Change-0.15%
3 Month Change25.38%
1 Year Change20.77%
3 Year Change-17.77%
5 Year Change1.86%
Change since IPO396.46%

Recent News & Updates

Jun 22
Rainbows and Unicorns: Flughafen Wien Aktiengesellschaft (VIE:FLU) Analysts Just Became A Lot More Optimistic

Rainbows and Unicorns: Flughafen Wien Aktiengesellschaft (VIE:FLU) Analysts Just Became A Lot More Optimistic

Celebrations may be in order for Flughafen Wien Aktiengesellschaft ( VIE:FLU ) shareholders, with the analysts...

Jun 02
Is It Too Late To Consider Buying Flughafen Wien Aktiengesellschaft (VIE:FLU)?

Is It Too Late To Consider Buying Flughafen Wien Aktiengesellschaft (VIE:FLU)?

While Flughafen Wien Aktiengesellschaft ( VIE:FLU ) might not be the most widely known stock at the moment, it received...

Shareholder Returns

FLUAT InfrastructureAT Market
7D-0.2%1.1%1.2%
1Y20.8%11.0%-6.2%

Return vs Industry: FLU exceeded the Austrian Infrastructure industry which returned 11% over the past year.

Return vs Market: FLU exceeded the Austrian Market which returned -6.2% over the past year.

Price Volatility

Is FLU's price volatile compared to industry and market?
FLU volatility
FLU Average Weekly Movement6.9%
Infrastructure Industry Average Movement3.9%
Market Average Movement4.9%
10% most volatile stocks in AT Market7.2%
10% least volatile stocks in AT Market2.9%

Stable Share Price: FLU is more volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FLU's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a4,705n/ahttps://www.viennaairport.com

Flughafen Wien Aktiengesellschaft, together with its subsidiaries, engages in the construction and operation of civil airports and related facilities in Austria. It manages the Vienna airport. The company operates through five segments: Airport, Handling & Security Services, Retail & Properties, Malta, and Other.

Flughafen Wien Fundamentals Summary

How do Flughafen Wien's earnings and revenue compare to its market cap?
FLU fundamental statistics
Market Cap€2.76b
Earnings (TTM)€33.91m
Revenue (TTM)€463.63m

81.2x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLU income statement (TTM)
Revenue€463.63m
Cost of Revenue€332.39m
Gross Profit€131.24m
Other Expenses€97.33m
Earnings€33.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)0.40
Gross Margin28.31%
Net Profit Margin7.31%
Debt/Equity Ratio23.2%

How did FLU perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FLU 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/Revenue6.7x
Enterprise Value/EBITDA28.1x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does FLU's PE Ratio compare to its peers?

FLU PE Ratio vs Peers
The above table shows the PE ratio for FLU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average103.3x
POST Österreichische Post
15.3x6.3%€2.0b
S59 SIA Engineering
41.8x35.1%S$2.8b
FRA Fraport
331.7x39.7%€4.5b
ENAV ENAV
24.8x8.1%€2.3b
FLU Flughafen Wien
81.2x41.6%€2.8b

Price-To-Earnings vs Peers: FLU is good value based on its Price-To-Earnings Ratio (81.2x) compared to the peer average (103.2x).


Price to Earnings Ratio vs Industry

How does FLU's PE Ratio compare vs other companies in the European Infrastructure Industry?

Price-To-Earnings vs Industry: FLU is expensive based on its Price-To-Earnings Ratio (81.2x) compared to the European Infrastructure industry average (12.9x)


Price to Earnings Ratio vs Fair Ratio

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

FLU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio81.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FLU's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: FLU (€32.85) is trading below our estimate of fair value (€59.04)

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


Analyst Price Targets

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

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

How is Flughafen Wien forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLU's forecast earnings growth (41.6% per year) is above the savings rate (0.2%).

Earnings vs Market: FLU's earnings (41.6% per year) are forecast to grow faster than the Austrian market (2.7% per year).

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

Revenue vs Market: FLU's revenue (17.1% per year) is forecast to grow faster than the Austrian market (-1.1% per year).

High Growth Revenue: FLU's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FLU's Return on Equity is forecast to be low in 3 years time (7.7%).


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Past Performance

How has Flughafen Wien performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-37.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FLU has a large one-off gain of €85.0M impacting its March 31 2022 financial results.

Growing Profit Margin: FLU became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FLU's earnings have declined by 37.6% per year over the past 5 years.

Accelerating Growth: FLU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FLU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (46.9%).


Return on Equity

High ROE: FLU's Return on Equity (2.9%) is considered low.


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Financial Health

How is Flughafen Wien's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FLU's short term assets (€300.0M) exceed its short term liabilities (€218.5M).

Long Term Liabilities: FLU's short term assets (€300.0M) do not cover its long term liabilities (€497.7M).


Debt to Equity History and Analysis

Debt Level: FLU's net debt to equity ratio (18.2%) is considered satisfactory.

Reducing Debt: FLU's debt to equity ratio has reduced from 35.3% to 23.2% over the past 5 years.

Debt Coverage: FLU's debt is well covered by operating cash flow (45.2%).

Interest Coverage: Insufficient data to determine if FLU's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Flughafen Wien current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.71%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FLU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLU's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: FLU is not paying a notable dividend for the Austrian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FLU has not reported any payouts.


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Management

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

10.4yrs

Average management tenure


CEO

Flughafen Wien has no CEO, or we have no data on them.


Leadership Team

Experienced Management: FLU's management team is seasoned and experienced (10.4 years average tenure).


Board Members

Experienced Board: FLU's board of directors are considered experienced (9.3 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

Flughafen Wien Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: Flughafen Wien Aktiengesellschaft
  • Ticker: FLU
  • Exchange: WBAG
  • Founded: NaN
  • Industry: Airport Services
  • Sector: Transportation
  • Implied Market Cap: €2.755b
  • Shares outstanding: 83.87m
  • Website: https://www.viennaairport.com

Number of Employees


Location

  • Flughafen Wien Aktiengesellschaft
  • Wien-Flughafen
  • PO Box 1
  • Schwechat
  • Lower Austria
  • 1300
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.