Flughafen Wien Aktiengesellschaft

WBAG:FLU Stock Report

Market Cap: €4.4b

Flughafen Wien Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (€52.8) is trading below our estimate of fair value (€61.98)

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


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/Revenue4.2x
Enterprise Value/EBITDA10.1x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does FLU's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.4x
POST Österreichische Post
15.2x2.9%€2.0b
KBHL Københavns Lufthavne
56.6xn/aDKK 32.1b
FRA Fraport
9.7x4.4%€4.5b
AIRPORT Malaysia Airports Holdings Berhad
24.3x16.6%RM 17.4b
FLU Flughafen Wien
23.1x8.5%€4.4b

Price-To-Earnings vs Peers: FLU is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (26.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FLU is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the European Infrastructure industry average (15.6x).


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 Ratio23.1x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: FLU is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).


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 FLU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€52.80
€58.80
+11.4%
3.1%€60.60€57.00n/a2
Oct ’25€51.40
€58.80
+14.4%
3.1%€60.60€57.00n/a2
Sep ’25€54.60
€57.25
+4.9%
0.4%€57.50€57.00n/a2
Mar ’24€35.40
€38.70
+9.3%
0.8%€39.00€38.40€49.702
Feb ’24€34.35
€32.97
-4.0%
24.6%€39.00€21.50€50.303
Jan ’24€32.35
€32.73
+1.2%
21.5%€39.00€21.50€50.904
Dec ’23€32.50
€32.73
+0.7%
21.5%€39.00€21.50€49.254
Nov ’23€32.85
€32.86
+0.03%
18.9%€39.00€21.50€50.105
Oct ’23€33.05
€32.66
-1.2%
19.0%€39.00€21.50€47.755

Analyst Forecast: Target price is less than 20% higher than the current share price.


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