DB:1FC

Stock Analysis Report

Executive Summary

FACC AG engages in the design, development, and manufacture of lightweight aircraft components and systems to the aerospace industry worldwide.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • FACC has significant price volatility in the past 3 months.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

10.5%

DB:1FC

2.3%

DE Aerospace & Defense

3.2%

DE Market


1 Year Return

-50.1%

DB:1FC

6.3%

DE Aerospace & Defense

-9.7%

DE Market

1FC underperformed the Aerospace & Defense industry which returned 8.7% over the past year.

1FC underperformed the Market in Germany which returned -9.6% over the past year.


Share holder returns

1FCIndustryMarket
7 Day10.5%2.3%3.2%
30 Day-4.1%-2.8%-4.4%
90 Day-20.6%8.2%-2.0%
1 Year-49.4%-50.1%8.6%6.3%-6.9%-9.7%
3 Year103.4%99.1%84.4%72.6%11.8%2.2%
5 Yearn/a129.6%101.7%26.9%9.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FACC undervalued based on future cash flows and its price relative to the stock market?

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

FACC's share price is below the future cash flow value, and at a moderate discount (> 20%).

FACC's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

FACC is good value based on earnings compared to the Europe Aerospace & Defense industry average.

FACC is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

FACC is poor value based on expected growth next year.


Price Based on Value of Assets

FACC is good value based on assets compared to the Europe Aerospace & Defense industry average.


Next Steps

Future Growth

How is FACC expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FACC's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).

FACC's earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).

FACC's revenue growth is expected to exceed the Germany market average.

FACC's earnings growth is expected to exceed the Germany market average.

FACC's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

FACC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has FACC performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FACC has delivered over 20% year on year earnings growth in the past 5 years.

FACC's 1-year earnings growth is negative, it can't be compared to the 5-year average.

FACC's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.


Return on Equity

FACC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

FACC used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

FACC has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is FACC's financial position?


Financial Position Analysis

FACC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

FACC's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

FACC's level of debt (89.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (117.7% vs 89.8% today).

Debt is not well covered by operating cash flow (17.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

What is FACC's current dividend yield, its reliability and sustainability?

2.74%

Expected Dividend Yield


Dividend Yield and Payments Analysis

FACC's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

FACC's dividend is below the markets top 25% of dividend payers in Germany (4.17%).

It is too early to tell whether FACC has stable dividend payments.

FACC only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).


Next Steps

Management

What is the CEO of FACC's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Robert Machtlinger (52yo)

2.7yrs

Tenure

€822,000

Compensation

Mr. Robert Machtlinger has been Chief Executive Officer of FACC AG since February 2017 and serves as its Chairman of Management Board. Mr. Machtlinger and has been Member of Executive Board of FACC AG sinc ...


CEO Compensation Analysis

Robert's remuneration is about average for companies of similar size in Germany.

Robert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.8yrs

Average Tenure

52.5yo

Average Age

The tenure for the FACC management team is about average.


Board Age and Tenure

4.4yrs

Average Tenure

56yo

Average Age

The tenure for the FACC board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Robert Machtlinger (52yo)

    Chairman of Management Board & CEO

    • Tenure: 2.7yrs
    • Compensation: €822.00k
  • Manuel Taverne

    Director of Investor Relations

    • Tenure: 0.0yrs
  • Yongsheng Wang (56yo)

    Chief Compliance Officer & Member of the Management Board

    • Tenure: 3.5yrs
    • Compensation: €340.00k
  • Hermann Filsegger

    Head of Design Organization

    • Tenure: 0.0yrs
  • Aleš Stárek (49yo)

    CFO & Member of Management Board

    • Tenure: 2.8yrs
    • Compensation: €489.00k
  • Andreas Ockel (53yo)

    COO & Member of Management Board

    • Tenure: 1.8yrs
    • Compensation: €574.00k

Board Members

  • Ruguang Geng (62yo)

    Chairman of Supervisory Board

    • Tenure: 5.6yrs
    • Compensation: €40.00k
  • George Maffeo (65yo)

    Member of Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €27.00k
  • Weixi Gong (57yo)

    Independent Member of Supervisory Board

    • Tenure: 5.3yrs
    • Compensation: €27.00k
  • Ulrike Reiter (59yo)

    Member of Supervisory Board

    • Tenure: 5.3yrs
  • Barbara Huber (54yo)

    Member of Supervisory Board

    • Tenure: 5.3yrs
  • Peter Krohe (64yo)

    Member of Supervisory Board

    • Tenure: 5.3yrs
  • Jiajia Dai (41yo)

    Member of Supervisory Board

    • Tenure: 0.3yrs
  • Zhen Pang (55yo)

    Vice Chairman of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €2.30k
  • Jing Guo (38yo)

    Member of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €2.00k
  • Quinghong Liu (46yo)

    Member of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €2.00k

Company Information

FACC AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FACC AG
  • Ticker: 1FC
  • Exchange: DB
  • Founded: 1981
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €457.442m
  • Shares outstanding: 45.79m
  • Website: https://www.facc.com

Number of Employees


Location

  • FACC AG
  • Fischerstrasse 9
  • Ried im Innkreis
  • Upper Austria
  • 4910
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FACCWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 2014
FACCVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 2014
0QW9LSE (London Stock Exchange)YesBearer SharesGBEURJun 2014
1FCDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 2014
1FCXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 2014

Biography

FACC AG engages in the design, development, and manufacture of lightweight aircraft components and systems to the aerospace industry worldwide. It operates through three segments: Aerostructures, Engines & ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 21:52
End of Day Share Price2019/08/22 00:00
Earnings2019/05/31
Annual Earnings2019/02/28


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.