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Strabag

DB:XD4
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XD4
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Strabag SE, together with its subsidiaries, operates as a construction company. The last earnings update was 23 days ago. More info.


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XD4 Share Price and Events
7 Day Returns
1.1%
DB:XD4
0.8%
DE Construction
-0%
DE Market
1 Year Returns
-20.8%
DB:XD4
-24.7%
DE Construction
-11.5%
DE Market
XD4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Strabag (XD4) 1.1% -8.9% -9.8% -20.8% 0.1% 31.8%
DE Construction 0.8% -12.5% -13.5% -24.7% 2.9% 66.7%
DE Market -0% -3.3% 2.1% -11.5% 8.9% 8.1%
1 Year Return vs Industry and Market
  • XD4 outperformed the Construction industry which returned -24.7% over the past year.
  • XD4 underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
XD4
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Strabag to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Strabag.

DB:XD4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:XD4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 25%) (46.95%))
1.221
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.221 * 6.51%)
8.18%

Discounted Cash Flow Calculation for DB:XD4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Strabag is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:XD4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.18%)
2019 152.00 Analyst x1 140.51
2020 188.60 Analyst x2 161.17
2021 157.10 Analyst x2 124.10
2022 214.60 Analyst x1 156.71
2023 203.20 Analyst x1 137.17
2024 195.57 Est @ -3.75% 122.04
2025 190.57 Est @ -2.56% 109.93
2026 187.28 Est @ -1.72% 99.87
2027 185.15 Est @ -1.14% 91.27
2028 183.80 Est @ -0.73% 83.76
Present value of next 10 years cash flows €1,226.54
DB:XD4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €183.80 × (1 + 0.23%) ÷ (8.18% – 0.23%)
€2,317.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,317.74 ÷ (1 + 8.18%)10
€1,056.19
DB:XD4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,226.54 + €1,056.19
€2,282.72
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,282.72 / 102.60
€22.25
DB:XD4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XD4 represents 0.99117x of WBAG:STR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99117x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 22.25 x 0.99117
€22.05
Value per share (EUR) From above. €22.05
Current discount Discount to share price of €28.05
= -1 x (€28.05 - €22.05) / €22.05
-27.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Strabag is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Strabag's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Strabag's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XD4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €3.45
WBAG:STR Share Price ** WBAG (2019-05-22) in EUR €28.3
Europe Construction Industry PE Ratio Median Figure of 97 Publicly-Listed Construction Companies 10.68x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Strabag.

DB:XD4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:STR Share Price ÷ EPS (both in EUR)

= 28.3 ÷ 3.45

8.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Strabag is good value based on earnings compared to the Europe Construction industry average.
  • Strabag is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Strabag's expected growth come at a high price?
Raw Data
DB:XD4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-4.2%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.16x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:XD4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.21x ÷ -4.2%

-1.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Strabag earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Strabag's assets?
Raw Data
DB:XD4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €35.29
WBAG:STR Share Price * WBAG (2019-05-22) in EUR €28.3
Europe Construction Industry PB Ratio Median Figure of 132 Publicly-Listed Construction Companies 1.12x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:XD4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:STR Share Price ÷ Book Value per Share (both in EUR)

= 28.3 ÷ 35.29

0.8x

* Primary Listing of Strabag.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Strabag is good value based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Strabag's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Strabag has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Strabag expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Strabag expected to grow at an attractive rate?
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Strabag's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XD4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XD4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -4.2%
DB:XD4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.8%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:XD4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XD4 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,901 1
2022-12-31 14,594 1
2021-12-31 14,839 612 320 2
2020-12-31 14,913 670 316 4
2019-12-31 15,348 613 332 1
DB:XD4 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 15,255 736 354
2018-09-30 14,862 1,321 375
2018-06-30 14,192 1,398 331
2018-03-31 13,672 1,347 280
2017-12-31 13,522 1,345 279
2017-09-30 12,830 749 255
2017-06-30 12,742 687 250
2017-03-31 12,491 632 277
2016-12-31 12,405 264 278
2016-09-30 12,587 779 202
2016-06-30 12,697 907 187
2016-03-31 12,969 911 156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Strabag's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Strabag's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:XD4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Strabag Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XD4 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.12 3.12 3.12 1.00
2020-12-31 3.08 3.17 2.92 4.00
2019-12-31 3.23 3.23 3.23 1.00
DB:XD4 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 3.45
2018-09-30 3.66
2018-06-30 3.23
2018-03-31 2.73
2017-12-31 2.72
2017-09-30 2.49
2017-06-30 2.44
2017-03-31 2.70
2016-12-31 2.71
2016-09-30 1.97
2016-06-30 1.82
2016-03-31 1.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Strabag is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Strabag's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Strabag has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Strabag performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Strabag's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Strabag has delivered over 20% year on year earnings growth in the past 5 years.
  • Strabag's 1-year earnings growth exceeds its 5-year average (26.8% vs 23.9%)
  • Strabag's earnings growth has exceeded the Europe Construction industry average in the past year (26.8% vs 15.9%).
Earnings and Revenue History
Strabag's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Strabag Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XD4 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15,255.10 353.54 3,705.06
2018-09-30 14,861.69 375.14 3,636.84
2018-06-30 14,192.37 331.15 3,551.64
2018-03-31 13,672.48 279.64 3,480.94
2017-12-31 13,522.30 278.91 3,470.06
2017-09-30 12,829.78 255.40 3,426.74
2017-06-30 12,741.94 249.86 3,394.17
2017-03-31 12,490.99 277.24 3,373.93
2016-12-31 12,404.62 277.65 3,316.74
2016-09-30 12,587.43 202.29 3,288.11
2016-06-30 12,696.81 186.79 3,287.55
2016-03-31 12,968.94 155.76 3,258.22
2015-12-31 13,129.24 156.29 3,267.89
2015-09-30 13,069.29 171.91 3,176.96
2015-06-30 12,872.36 165.59 3,139.46
2015-03-31 12,602.73 143.51 3,096.66
2014-12-31 12,484.44 127.97 3,074.29
2014-09-30 12,486.93 130.13 3,029.02
2014-06-30 12,644.39 122.25 3,019.44
2014-03-31 12,600.69 121.84 3,037.75
2013-12-31 12,396.55 113.56 3,016.43
2013-09-30 12,487.93 127.37 3,044.24
2013-06-30 12,385.37 117.08 3,067.80
2013-03-31 12,753.79 70.89 3,060.18
2012-12-31 12,986.81 60.63 3,073.00
2012-09-30 13,304.67 13.86 3,072.79
2012-06-30 13,507.59 47.67 3,034.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Strabag has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Strabag used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • Strabag has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Strabag's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Strabag has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Strabag's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Strabag's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Strabag is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Strabag's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Strabag's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Strabag Company Filings, last reported 4 months ago.

DB:XD4 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,653.77 1,363.33 2,467.16
2018-09-30 3,476.77 1,461.59 2,081.74
2018-06-30 3,290.47 1,088.36 2,292.06
2018-03-31 3,311.62 1,286.93 2,769.74
2017-12-31 3,397.72 1,293.98 2,847.71
2017-09-30 3,267.43 1,327.91 1,828.98
2017-06-30 3,130.02 1,409.38 1,977.45
2017-03-31 3,154.14 1,406.53 2,114.07
2016-12-31 3,264.59 1,426.08 2,145.63
2016-09-30 3,070.07 1,438.71 1,900.24
2016-06-30 2,943.01 1,484.93 1,980.95
2016-03-31 3,184.67 1,503.87 2,456.26
2015-12-31 3,320.64 1,579.75 2,855.62
2015-09-30 3,171.43 1,579.06 1,956.23
2015-06-30 3,070.27 1,672.05 1,944.48
2015-03-31 3,054.34 1,817.36 2,330.18
2014-12-31 3,144.30 1,609.92 2,064.35
2014-09-30 3,168.65 1,674.20 1,685.13
2014-06-30 3,111.60 1,665.82 1,807.60
2014-03-31 3,073.86 1,704.84 2,042.52
2013-12-31 3,238.77 1,722.70 1,912.31
2013-09-30 3,111.01 1,774.29 1,550.10
2013-06-30 2,996.40 1,786.45 1,561.58
2013-03-31 3,000.73 1,633.48 1,589.27
2012-12-31 3,162.54 1,649.98 1,591.22
2012-09-30 3,059.49 1,718.51 1,457.04
2012-06-30 2,945.44 1,769.51 1,640.38
  • Strabag's level of debt (37.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (53.2% vs 37.3% today).
  • Debt is well covered by operating cash flow (54%, greater than 20% of total debt).
  • Strabag earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Strabag's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Strabag has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.59%
Current annual income from Strabag dividends. Estimated to be 4.8% next year.
If you bought €2,000 of Strabag shares you are expected to receive €92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Strabag's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Strabag's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Strabag before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:XD4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:XD4 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.30 1.00
2020-12-31 1.41 4.00
2019-12-31 1.20 1.00
DB:XD4 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-29 1.300 4.551
2018-04-27 1.300 4.093
2017-06-23 0.950 2.737
2016-06-10 0.650 2.021
2015-08-31 0.500 2.127
2015-06-12 0.500 2.325
2014-11-28 0.450 2.238
2014-04-30 0.450 2.269
2013-11-29 0.200 0.983
2013-08-30 0.200 1.043
2013-04-30 0.200 1.191
2012-11-30 0.600 3.162
2012-08-31 0.600 3.122
2012-04-27 0.600 3.270
2010-03-01 0.500 2.556

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Strabag has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Strabag only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Strabag's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Strabag's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Strabag afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Strabag has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Birtel
COMPENSATION €1,533,000
AGE 64
TENURE AS CEO 5.9 years
CEO Bio

Dr. Thomas Birtel serves as the Chief Executive Officer of STRABAG Wasserbau GmbH. Dr. Birtel has been a Member of Management Board at Strabag SE since January 1, 2006 and has been its Chief Executive Officer since June 15, 2013. He served as Deputy Chief Executive Officer of Strabag SE from January 1, 2013 to June 14, 2013. He served as Chairman of the Management Board at STRABAG AG and served as its Member of the Management Board since 2002, was responsible for building construction, finance, accounting, controlling, risk management and procurement. Dr. Birtel's career began with Klöckner & Co in 1983 and was employed until 1989, lastly as division manager of the accounting department of Klöckner Industrie-Anlagen GmbH. From 1989 to 1996, he worked for Sweden's Frigoscandia Group, initially as head of the Germany, then as head of the CentralEuropean region. Dr. Birtel joined STRABAG Group in 1996 as a member of the Management Board of STRABAG Hoch- & Ingenieurbau AG. He has been Chairman of Supervisory Board at Ed. Züblin AG since July 10, 2014. He serves as the Chairman of Supervisory Board at STRABAG AG and has been its Member of Supervisory Board since July 4, 2014. He serves as a Member of Supervisory Board at Ed. Züblin AG. He serves as a Member of advisory board of Deutsche bank AG and HDI-Gerling Industrie Versicherung AG. Dr. Birtel graduated with a degree in economics from the Ruhr-University Bochum in 1978 and completed doctorate in 1982.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Strabag management team in years:

6.3
Average Tenure
51
Average Age
  • The average tenure for the Strabag management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Thomas Birtel

TITLE
CEO & Member of Management Board
COMPENSATION
€2M
AGE
64
TENURE
5.9 yrs

Christian Harder

TITLE
CFO & Member of the Management Board
COMPENSATION
€1M
AGE
50
TENURE
6.3 yrs

Peter Krammer

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
52
TENURE
9.3 yrs

Siegfried Wanker

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
50
TENURE
8.3 yrs

Alfred Watzl

TITLE
Member of Management Board
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Strabag board of directors in years:

9.3
Average Tenure
57
Average Age
  • The tenure for the Strabag board of directors is about average.
Board of Directors

Alfred Gusenbauer

TITLE
Chairman of the Supervisory Board
COMPENSATION
€50K
AGE
58
TENURE
8.9 yrs

Erwin Hameseder

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€25K
AGE
62
TENURE
12.5 yrs

Kerstin Gelbmann

TITLE
Member of the Supervisory Board
COMPENSATION
€15K
AGE
44
TENURE
8.9 yrs

Wolfgang Kreis

TITLE
Member of Supervisory Board
AGE
61
TENURE
9.6 yrs

Magdolna Gyulainé

TITLE
Member of the Supervisory Board
AGE
56
TENURE
9.6 yrs

Miroslav Cerveny

TITLE
Member of the Supervisory Board
AGE
59
TENURE
9.6 yrs

Andreas Batke

TITLE
Member of Supervisory Board
AGE
56
TENURE
9.6 yrs

Georg Hinterschuster

TITLE
Member of Supervisory Board
AGE
50
TENURE
4.6 yrs

Thomas Bull

TITLE
Member of Supervisory Board
AGE
54
TENURE
2.3 yrs

Oleg Kotkov

TITLE
Member of Supervisory Board
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Strabag's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Strabag has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Strabag SE, together with its subsidiaries, operates as a construction company. The company engages in the construction of road, rail, and canal bridges; commercial and industrial facilities; hydroelectric power plants, storage power plants, hydraulic power plants, concrete gravity dams, earth-filled and rock-filled embankment dams, reservoirs, external asphalt sealing, asphalt core sealing, thermal power plants, wind farms, and electrical substations; and administration buildings, events and cultural centers, museums, hospitals, rehabilitation centers, retirement and nursing homes, universities, schools, kindergartens, fire and rescue centers, and churches. It also constructs prefabricated elements, civil engineering projects, metal constructions, water environmental technologies, and housing projects. In addition, the company undertakes transportation infrastructure projects, including railway construction, construction material, sewer engineering, pipe and sewer construction, town planning and landscape architecture, paving, large surfaces, rock engineering and protective structures, ground engineering, sports and recreational facilities, road construction, earthworks, traffic engineering, and waterway construction projects. Further, it undertakes infrastructure development; engages in the operation, maintenance, and marketing of public-private partnerships projects; and provision of real estate development and tunneling services, as well as property and facility services, such as property management and corporate real estate solutions, area management, renting and letting, technical facility management and building management, infrastructural facility management, and industrial services. The company offers its services primarily in Europe, the Arabian Peninsula, Africa, Asia, and the Americas. Strabag SE was founded in 1835 and is headquartered in Villach, Austria.

Details
Name: Strabag SE
XD4
Exchange: DB
Founded: 1835
€2,903,580,000
102,600,000
Website: http://www.strabag.com
Address: Strabag SE
Triglavstrasse 9,
Villach,
Carinthia, 9500,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG STR Bearer Shares Wiener Boerse AG AT EUR 19. Oct 2007
OTCPK STBB.F Bearer Shares Pink Sheets LLC US USD 19. Oct 2007
DB XD4 Bearer Shares Deutsche Boerse AG DE EUR 19. Oct 2007
LSE 0MKP Bearer Shares London Stock Exchange GB EUR 19. Oct 2007
BATS-CHIXE STRV Bearer Shares BATS 'Chi-X Europe' GB EUR 19. Oct 2007
Number of employees
Current staff
Staff numbers
76,528
Strabag employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 23:51
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.