Fraport
Market Cap
€4.3b
Last Updated
2021/01/15 18:31 UTC
Data Sources
Company Financials +
Executive Summary
Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with reasonable growth potential.
Similar Companies
Share Price & News
How has Fraport's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRA is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: FRA's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of German stocks.
Market Performance
7 Day Return
-1.1%
FRA
0.8%
DE Infrastructure
0.6%
DE Market
1 Year Return
-36.1%
FRA
-31.6%
DE Infrastructure
4.2%
DE Market
Return vs Industry: FRA underperformed the German Infrastructure industry which returned -31.6% over the past year.
Return vs Market: FRA underperformed the German Market which returned 4.2% over the past year.
Shareholder returns
| FRA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.8% | 0.6% |
| 30 Day | -5.8% | -3.1% | 5.4% |
| 90 Day | 44.8% | 36.8% | 9.5% |
| 1 Year | -36.1%-36.1% | -30.8%-31.6% | 7.6%4.2% |
| 3 Year | -50.1%-52.4% | -42.7%-46.1% | 6.2%-3.2% |
| 5 Year | -8.9%-17.0% | 26.0%11.0% | 46.4%25.6% |
Long-Term Price Volatility Vs. Market
How volatile is Fraport's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Health Check: How Prudently Does Fraport (ETR:FRA) Use Debt?1 month ago | Simply Wall St
Does Fraport's (ETR:FRA) CEO Salary Compare Well With The Performance Of The Company?2 months ago | Simply Wall St
Are Fraport's (ETR:FRA) Statutory Earnings A Good Guide To Its Underlying Profitability?Valuation
Is Fraport undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRA (€45.98) is trading below our estimate of fair value (€175.34)
Significantly Below Fair Value: FRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRA is unprofitable, so we can't compare its PE Ratio to the XE Infrastructure industry average.
PE vs Market: FRA is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FRA's PB Ratio (1.1x) is in line with the DE Infrastructure industry average.
Next Steps
Future Growth
How is Fraport forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
72.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).
Earnings vs Market: FRA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FRA's is expected to become profitable in the next 3 years.
Revenue vs Market: FRA's revenue (14.7% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: FRA's revenue (14.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRA's Return on Equity is forecast to be low in 3 years time (9.1%).
Next Steps
Past Performance
How has Fraport performed over the past 5 years?
-7.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRA is currently unprofitable.
Growing Profit Margin: FRA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FRA is unprofitable, and losses have increased over the past 5 years at a rate of 7.5% per year.
Accelerating Growth: Unable to compare FRA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FRA is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-49.4%).
Return on Equity
High ROE: FRA has a negative Return on Equity (-12.59%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fraport's financial position?
Financial Position Analysis
Short Term Liabilities: FRA's short term assets (€2.1B) exceed its short term liabilities (€1.4B).
Long Term Liabilities: FRA's short term assets (€2.1B) do not cover its long term liabilities (€8.5B).
Debt to Equity History and Analysis
Debt Level: FRA's debt to equity ratio (172.8%) is considered high.
Reducing Debt: FRA's debt to equity ratio has increased from 112.2% to 172.8% over the past 5 years.
Debt Coverage: FRA's debt is not well covered by operating cash flow (0.5%).
Interest Coverage: Insufficient data to determine if FRA's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Fraport current dividend yield, its reliability and sustainability?
4.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRA's dividend (4.35%) is higher than the bottom 25% of dividend payers in the German market (1.02%).
High Dividend: FRA's dividend (4.35%) is in the top 25% of dividend payers in the German market (3.49%)
Stability and Growth of Payments
Stable Dividend: FRA's dividends per share have been stable in the past 10 years.
Growing Dividend: FRA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FRA is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: FRA's dividends in 3 years are forecast to be well covered by earnings (27.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Stefan Schulte (60 yo)
11.33yrs
Tenure
€2,431,300
Compensation
Dr. Stefan Schulte has been the Chairman of Executive Board and Chief Executive Officer at Fraport AG since September 1, 2009 and has been its Member of the Executive Board since 2003. Dr. Schulte served a...
CEO Compensation Analysis
Compensation vs Market: Stefan's total compensation ($USD2.94M) is about average for companies of similar size in the German market ($USD3.80M).
Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Executive Board & CEO | 11.33yrs | €2.43m | no data | |
| Executive Director of Finance & Controlling | 13.75yrs | €2.02m | no data | |
| Executive Director of Labor Relations & Member of the Executive Board | 8.58yrs | €1.58m | no data | |
| Executive Director of Retail & Real Estate and Member of the Executive Board | 8.58yrs | €1.59m | no data | |
| Executive Director of Aviation & Infrastructure and Member of Executive Board | 1.5yrs | €1.39m | no data | |
| Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board | 3yrs | €54.50k | no data | |
| Head of Global Investments & Management | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Executive Vice President of Retail & Properties | no data | no data | no data | |
| Head of International Press | no data | no data | no data | |
| Senior Executive Vice President of Groundservices | no data | no data | no data |
9.3yrs
Average Tenure
59yo
Average Age
Experienced Management: FRA's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board | 3yrs | €54.50k | no data | |
| Member of the Economic Advisory Board | no data | no data | no data | |
| Chairman of Economic Advisory Board | 2yrs | no data | no data | |
| Member of the Supervisory Board | no data | €84.50k | no data | |
| Member of the Economic Advisory Board | no data | €5.09k | no data | |
| Member of the Economic Advisory Board | no data | €23.83k | no data | |
| Independent Member of the Supervisory Board | 11yrs | €100.00k | no data | |
| Independent Member of the Supervisory Board | 8.67yrs | €62.00k | no data | |
| Member of the Supervisory Board | 8.33yrs | €43.13k | no data | |
| Member of Supervisory Board | 7.92yrs | €65.00k | no data | |
| Member of the Supervisory Board | 3yrs | €50.50k | no data | |
| Chairman of Supervisory Board | 0.67yr | no data | no data |
5.5yrs
Average Tenure
61yo
Average Age
Experienced Board: FRA's board of directors are considered experienced (5.5 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
Fraport AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fraport AG
- Ticker: FRA
- Exchange: XTRA
- Founded: 1924
- Industry: Airport Services
- Sector: Transportation
- Market Cap: €4.333b
- Shares outstanding: 92.39m
- Website: https://www.fraport.com
Number of Employees
Location
- Fraport AG
- Frankfurt Airport Services Worldwide
- Frankfurt am Main
- Hessen
- 60547
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FRA | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jun 2001 |
| 0O1R | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jun 2001 |
| FRA | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Jun 2001 |
| FPRU.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jun 2001 |
| FRAD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jun 2001 |
| FRA | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Jun 2001 |
| FRA | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jun 2001 |
| FRA | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Jun 2001 |
| FPRU.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EACH REPR 0.5 ORD | US | USD | Nov 2008 | |
| FRAS | DB (Deutsche Boerse AG) | UNSP ADR EACH REPR 0.5 ORD | DE | EUR | Nov 2008 |
Biography
Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. It operates in four segments: Aviation, Retai...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 18:31 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.