WBAG:FLU

Stock Analysis Report

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Market Cap

€2.6b

Last Updated

2021/06/18 22:29 UTC

Data Sources

Company Financials +

Executive Summary

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

Rewards

Earnings are forecast to grow 67.61% per year

Risk Analysis

No risks detected for FLU from our risk checks.


Snowflake Analysis

High growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: FLU's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.5%

FLU

2.2%

AT Infrastructure

0.4%

AT Market


1 Year Return

19.2%

FLU

21.6%

AT Infrastructure

48.6%

AT Market

Return vs Industry: FLU underperformed the Austrian Infrastructure industry which returned 21.6% over the past year.

Return vs Market: FLU underperformed the Austrian Market which returned 48.6% over the past year.


Shareholder returns

FLUIndustryMarket
7 Day-2.5%2.2%0.4%
30 Day1.8%5.2%4.1%
90 Day4.4%7.5%13.8%
1 Year19.2%19.2%22.5%21.6%54.6%48.6%
3 Year-1.6%-3.9%-9.2%-13.6%24.9%14.7%
5 Year32.0%24.0%32.0%18.0%101.6%74.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FLU (€31.2) is trading above our estimate of fair value (€19.65)

Significantly Below Fair Value: FLU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FLU is unprofitable, so we can't compare its PE Ratio to the European Infrastructure industry average.

PE vs Market: FLU is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLU is overvalued based on its PB Ratio (2.2x) compared to the XE Infrastructure industry average (1.7x).


Future Growth

How is Flughafen Wien forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

67.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: FLU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLU's is expected to become profitable in the next 3 years.

Revenue vs Market: FLU's revenue (20.8% per year) is forecast to grow faster than the Austrian market (6% per year).

High Growth Revenue: FLU's revenue (20.8% per year) is forecast to grow faster 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 (8.1%).


Past Performance

How has Flughafen Wien performed over the past 5 years?

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLU is currently unprofitable.

Growing Profit Margin: FLU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLU is unprofitable, and losses have increased over the past 5 years at a rate of 19% per year.

Accelerating Growth: Unable to compare FLU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLU is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-20%).


Return on Equity

High ROE: FLU has a negative Return on Equity (-9.12%), as it is currently unprofitable.


Financial Health

How is Flughafen Wien's financial position?


Financial Position Analysis

Short Term Liabilities: FLU's short term assets (€305.6M) do not cover its short term liabilities (€350.3M).

Long Term Liabilities: FLU's short term assets (€305.6M) do not cover its long term liabilities (€528.8M).


Debt to Equity History and Analysis

Debt Level: FLU's debt to equity ratio (32.4%) is considered satisfactory.

Reducing Debt: FLU's debt to equity ratio has reduced from 42.6% to 32.4% over the past 5 years.

Debt Coverage: FLU's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Dividend

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

1.61%

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

6.6yrs

Average board tenure


CEO

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


Board Members

Experienced Board: FLU's board of directors are considered experienced (6.6 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flughafen Wien Aktiengesellschaft
  • Ticker: FLU
  • Exchange: WBAG
  • Founded: NaN
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: €2.600b
  • 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


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 22:29
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.