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AUS

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

Last Price

€34.05

Market Cap

€1.3b

7D

-8.8%

1Y

2.4%

Updated

24 Sep, 2022

Data

Company Financials +
AUS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance5/6
Financial Health5/6
Dividends4/6

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€34.05
52 Week High€57.30
52 Week Low€29.90
Beta1.33
1 Month Change-26.14%
3 Month Change-29.58%
1 Year Change2.41%
3 Year Change119.68%
5 Year Change184.39%
Change since IPO134.83%

Recent News & Updates

Shareholder Returns

AUSDE ElectronicDE Market
7D-8.8%-5.1%-5.0%
1Y2.4%-41.6%-29.2%

Return vs Industry: AUS exceeded the German Electronic industry which returned -41.5% over the past year.

Return vs Market: AUS exceeded the German Market which returned -29% over the past year.

Price Volatility

Is AUS's price volatile compared to industry and market?
AUS volatility
AUS Average Weekly Movement6.1%
Electronic Industry Average Movement5.8%
Market Average Movement5.6%
10% most volatile stocks in DE Market9.9%
10% least volatile stocks in DE Market3.0%

Stable Share Price: AUS is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AUS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198714,891Andreas Gerstenmayerhttps://www.ats.net

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, together with its subsidiaries, manufactures and distributes printed circuit boards (PCBs) worldwide. The company operates through three segments: Mobile Devices & Substrates; Automotive, Industrial, Medical; and Others. It 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€1.33b
Earnings (TTM)€191.54m
Revenue (TTM)€1.77b

7.0x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AUS income statement (TTM)
Revenue€1.77b
Cost of Revenue€1.45b
Gross Profit€321.12m
Other Expenses€129.58m
Earnings€191.54m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 03, 2022

Earnings per share (EPS)4.93
Gross Margin18.09%
Net Profit Margin10.79%
Debt/Equity Ratio105.0%

How did AUS perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

16%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AUS?

Other financial metrics that can be useful for relative valuation.

AUS 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/Revenue0.9x
Enterprise Value/EBITDA3.7x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does AUS's PE Ratio compare to its peers?

AUS PE Ratio vs Peers
The above table shows the PE ratio for AUS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.1x
IS7 InTiCa Systems
27.3x32.2%€34.4m
JEN Jenoptik
14.3x14.3%€1.2b
BSL Basler
41.9x25.9%€691.9m
M7U Nynomic
20.8x24.5%€165.2m
AUS AT & S Austria Technologie & Systemtechnik
7x31.8%€1.3b

Price-To-Earnings vs Peers: AUS is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (26.1x).


Price to Earnings Ratio vs Industry

How does AUS's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Earnings vs Industry: AUS is good value based on its Price-To-Earnings Ratio (7x) compared to the European Electronic industry average (19.4x)


Price to Earnings Ratio vs Fair Ratio

What is AUS'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.

AUS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio39.4x

Price-To-Earnings vs Fair Ratio: AUS is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (39.4x).


Share Price vs Fair Value

What is the Fair Price of AUS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AUS (€34.05) is trading below our estimate of fair value (€514.63)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is AT & S Austria Technologie & Systemtechnik forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AUS's forecast earnings growth (31.8% per year) is above the savings rate (-0.01%).

Earnings vs Market: AUS's earnings (31.8% per year) are forecast to grow faster than the German market (9.9% per year).

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

Revenue vs Market: AUS's revenue (16.1% per year) is forecast to grow faster than the German market (3.8% per year).

High Growth Revenue: AUS's revenue (16.1% 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 high in 3 years time (20.7%)


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Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AUS has high quality earnings.

Growing Profit Margin: AUS's current net profit margins (10.8%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: AUS has become profitable over the past 5 years, growing earnings by 18.5% per year.

Accelerating Growth: AUS's earnings growth over the past year (358.7%) exceeds its 5-year average (18.5% per year).

Earnings vs Industry: AUS earnings growth over the past year (358.7%) exceeded the Electronic industry 35.2%.


Return on Equity

High ROE: AUS's Return on Equity (14.8%) is considered low.


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Financial Health

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

Financial Health Score

5/6

Financial Health Score 5/6

  • 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 (€1.9B) exceed its short term liabilities (€765.1M).

Long Term Liabilities: AUS's short term assets (€1.9B) do not cover its long term liabilities (€2.0B).


Debt to Equity History and Analysis

Debt Level: AUS's net debt to equity ratio (16.6%) is considered satisfactory.

Reducing Debt: AUS's debt to equity ratio has reduced from 115.1% to 105% over the past 5 years.

Debt Coverage: AUS's debt is well covered by operating cash flow (61.2%).

Interest Coverage: AUS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.27%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AUS's dividend (2.27%) is higher than the bottom 25% of dividend payers in the German market (1.66%).

High Dividend: AUS's dividend (2.27%) is low compared to the top 25% of dividend payers in the German market (5.36%).


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 (15.8%), AUS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (19%), AUS's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Andreas Gerstenmayer (57 yo)

12.58yrs

Tenure

€2,195,000

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 ($USD2.13M) is about average for companies of similar size in the German market ($USD2.16M).

Compensation vs Earnings: Andreas's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AUS's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: AUS's board of directors are considered experienced (8.9 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

Top 25 shareholders own 49.42% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.77%
Johannes Dörflinger-Stiftung, Endowment Arm
6,902,380€235.0m0%no data
17.55%
Androsch Privatstiftung
6,819,337€232.2m0%no data
2.21%
The Vanguard Group, Inc.
859,491€29.3m0.98%no data
1.82%
Norges Bank Investment Management
706,024€24.0m0%no data
1.4%
Dimensional Fund Advisors LP
544,887€18.6m0.04%no data
1.29%
3 Banken-Generali Investment-Gesellschaft m.b.H.
500,023€17.0m-0.95%0.98%
1.12%
BlackRock, Inc.
434,322€14.8m-3.21%no data
0.91%
Invesco Ltd.
355,158€12.1m0%no data
0.84%
Oberweis Asset Management, Inc.
324,700€11.1m-1.58%0.82%
0.81%
Amundi Asset Management
313,158€10.7m0.09%no data
0.5%
American Century Investment Management Inc
193,035€6.6m41.76%no data
0.44%
Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
170,000€5.8m0%0.09%
0.29%
J.Chahine Advisory
113,912€3.9m0%0.35%
0.27%
Kepler-Fonds KAG
104,275€3.6m0%0.17%
0.24%
Deutsche Asset & Wealth Management
94,383€3.2m-6.9%no data
0.24%
BNY Mellon Asset Management
93,994€3.2m-0.68%no data
0.23%
Sparkasse Oberösterreich Kapitalanlagegesellschaft M.B.H.
91,000€3.1m0%0.57%
0.23%
Franklin Resources, Inc.
88,251€3.0m0%no data
0.21%
KBC Asset Management NV
83,302€2.8m0%0.01%
0.21%
Lord, Abbett & Co. LLC
80,222€2.7m-22.3%0.01%
0.18%
Erasmus Gestion
71,823€2.4m0%1.24%
0.18%
Charles Schwab Investment Management, Inc.
71,184€2.4m2.52%no data
0.17%
Aperture Investors, LLC
66,400€2.3m0%0.22%
0.16%
GBR Financial Services GmbH
61,367€2.1m0%2.5%
0.15%
LLB Invest Kapitalanlagegesellschaft m.b.H.
57,120€1.9m-8.78%0.25%

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: DB
  • Founded: 1987
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: €1.334b
  • Shares outstanding: 38.85m
  • Website: https://www.ats.net

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUSDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
AUSXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJul 1999
0O5CLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
ASAA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1999
ATSWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 1999
ATSVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999
AUSDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999
ATSSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKJul 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.