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AUS

AT & S Austria Technologie & Systemtechnik XTRA:AUS Stock Report

Last Price

€43.00

Market Cap

€1.6b

7D

-12.2%

1Y

35.4%

Updated

09 May, 2022

Data

Company Financials +
AUS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health3/6
Dividends2/6

AUS Stock Overview

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, together with its subsidiaries, manufactures and distributes printed circuit boards (PCBs) worldwide.

AT & S Austria Technologie & Systemtechnik Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AT & S Austria Technologie & Systemtechnik
Historical stock prices
Current Share Price€43.00
52 Week High€53.80
52 Week Low€28.05
Beta1.39
1 Month Change-10.97%
3 Month Change-13.48%
1 Year Change35.43%
3 Year Change156.87%
5 Year Change348.62%
Change since IPO200.17%

Recent News & Updates

Shareholder Returns

AUSDE ElectronicDE Market
7D-12.2%-7.1%-4.5%
1Y35.4%-17.2%-16.1%

Return vs Industry: AUS exceeded the German Electronic industry which returned -15.3% over the past year.

Return vs Market: AUS exceeded the German Market which returned -14.1% over the past year.

Price Volatility

Is AUS's price volatile compared to industry and market?
AUS volatility
AUS Average Weekly Movement7.1%
Electronic Industry Average Movement6.6%
Market Average Movement6.3%
10% most volatile stocks in DE Market10.4%
10% least volatile stocks in DE Market3.5%

Stable Share Price: AUS is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AUS's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198712,821Andreas Gerstenmayerhttps://www.ats.net

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, together with its subsidiaries, manufactures and distributes printed circuit boards (PCBs) worldwide. It operates through three segments: Mobile Devices & Substrates; Automotive, Industrial, Medical; and Others. The company offers double sided standard, metal core, and copper inlay PCBs; multilayer standard, high frequency/low loss, and thick copper PCBs; high density interconnect (HDI) Microvia PCBs; HDI any-layer PCBs; flexible, semi-flexible, rigid-flexible, and HDI rigid flex PCBs; integrated circuit substrates; and insulated metallic substrates PCBs, as well as related services.

AT & S Austria Technologie & Systemtechnik Fundamentals Summary

How do AT & S Austria Technologie & Systemtechnik's earnings and revenue compare to its market cap?
AUS fundamental statistics
Market Cap€1.65b
Earnings (TTM)€63.83m
Revenue (TTM)€1.45b

25.8x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AUS income statement (TTM)
Revenue€1.45b
Cost of Revenue€1.24b
Gross Profit€207.59m
Other Expenses€143.76m
Earnings€63.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 17, 2022

Earnings per share (EPS)1.64
Gross Margin14.31%
Net Profit Margin4.40%
Debt/Equity Ratio140.1%

How did AUS perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is AT & S Austria Technologie & Systemtechnik undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AUS (€43) is trading below our estimate of fair value (€240.06)

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


Price To Earnings Ratio

PE vs Industry: AUS is poor value based on its PE Ratio (25.8x) compared to the German Electronic industry average (25.7x).

PE vs Market: AUS is poor value based on its PE Ratio (25.8x) compared to the German market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: AUS is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: AUS's PB Ratio (1.7x) is in line with the DE Electronic industry average.


Future Growth

How is AT & S Austria Technologie & Systemtechnik 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


45.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AUS's forecast earnings growth (45.6% per year) is above the savings rate (-0.05%).

Earnings vs Market: AUS's earnings (45.6% per year) are forecast to grow faster than the German market (8.4% per year).

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

Revenue vs Market: AUS's revenue (19.6% per year) is forecast to grow faster than the German market (5.4% per year).

High Growth Revenue: AUS's revenue (19.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AUS's Return on Equity is forecast to be low in 3 years time (19.7%).


Past Performance

How has AT & S Austria Technologie & Systemtechnik performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AUS has a high level of non-cash earnings.

Growing Profit Margin: AUS's current net profit margins (4.4%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: AUS has become profitable over the past 5 years, growing earnings by 14.3% per year.

Accelerating Growth: AUS's earnings growth over the past year (175.6%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: AUS earnings growth over the past year (175.6%) exceeded the Electronic industry 35.2%.


Return on Equity

High ROE: AUS's Return on Equity (7.6%) is considered low.


Financial Health

How is AT & S Austria Technologie & Systemtechnik's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AUS's short term assets (€1.2B) exceed its short term liabilities (€519.1M).

Long Term Liabilities: AUS's short term assets (€1.2B) do not cover its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: AUS's net debt to equity ratio (70.5%) is considered high.

Reducing Debt: AUS's debt to equity ratio has increased from 113% to 140.1% over the past 5 years.

Debt Coverage: AUS's debt is well covered by operating cash flow (25.5%).

Interest Coverage: AUS's interest payments on its debt are well covered by EBIT (395.6x coverage).


Balance Sheet


Dividend

What is AT & S Austria Technologie & Systemtechnik current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.92%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AUS's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.35%).

High Dividend: AUS's dividend (0.92%) is low compared to the top 25% of dividend payers in the German market (4.22%).


Stability and Growth of Payments

Stable Dividend: AUS's dividend payments have been volatile in the past 10 years.

Growing Dividend: AUS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.7%), AUS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: AUS is paying a dividend but the company has no free cash flows.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Andreas Gerstenmayer (56 yo)

12.25yrs

Tenure

€948,000

Compensation

Mr. Andreas Gerstenmayer has been the Chairman of the Board of Management and Chief Executive Officer of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft since February 1, 2010 and serves as i...


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD998.63K) is below average for companies of similar size in the German market ($USD1.50M).

Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AUS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: AUS's board of directors are seasoned and experienced ( 10.8 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

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
  • Ticker: AUS
  • Exchange: XTRA
  • Founded: 1987
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: €1.645b
  • Shares outstanding: 38.85m
  • Website: https://www.ats.net

Number of Employees


Location

  • AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
  • Fabriksgasse 13
  • Leoben-Hinterberg
  • Leoben
  • Styria
  • 8700
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/09 00:00
End of Day Share Price2022/05/09 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.