XTRA:FRA

Stock Analysis Report

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Executive Summary

Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. More Details


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

FRAIndustryMarket
7 Day-1.1%0.8%0.6%
30 Day-5.8%-3.1%5.4%
90 Day44.8%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

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

  • Explore strong past performing companies in the Transportation industry.

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

NamePositionTenureCompensationOwnership
Stefan Schulte
Chairman of the Executive Board & CEO11.33yrs€2.43mno data
Matthias Zieschang
Executive Director of Finance & Controlling13.75yrs€2.02mno data
Michael Muller
Executive Director of Labor Relations & Member of the Executive Board8.58yrs€1.58mno data
Anke Giesen
Executive Director of Retail & Real Estate and Member of the Executive Board8.58yrs€1.59mno data
Pierre Prümm
Executive Director of Aviation & Infrastructure and Member of Executive Board1.5yrs€1.39mno data
Ulrich Kipper
Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board3yrs€54.50kno data
Alexander Zinell
Head of Global Investments & Managementno datano datano data
Christoph Nanke
Senior VPno datano datano data
Jürgen Harrer
Head of Corporate Communicationsno datano datano data
Karl-Heinz Dietrich
Executive Vice President of Retail & Propertiesno datano datano data
Robert Payne
Head of International Pressno datano datano data
Martin Bien
Senior Executive Vice President of Groundservicesno datano datano 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

NamePositionTenureCompensationOwnership
Ulrich Kipper
Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board3yrs€54.50kno data
Lutz Raettig
Member of the Economic Advisory Boardno datano datano data
Wolfgang Kirsch
Chairman of Economic Advisory Board2yrsno datano data
Lothar Klemm
Member of the Supervisory Boardno data€84.50kno data
Ralf Nagel
Member of the Economic Advisory Boardno data€5.09kno data
Klaus-Dieter Scheurle
Member of the Economic Advisory Boardno data€23.83kno data
Margarete Haase
Independent Member of the Supervisory Board11yrs€100.00kno data
Katja Windt
Independent Member of the Supervisory Board8.67yrs€62.00kno data
Peter Feldmann
Member of the Supervisory Board8.33yrs€43.13kno data
Detlev Draths
Member of Supervisory Board7.92yrs€65.00kno data
Katharina Wesenick
Member of the Supervisory Board3yrs€50.50kno data
Michael Boddenberg
Chairman of Supervisory Board0.67yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRADB (Deutsche Boerse AG)YesBearer SharesDEEURJun 2001
0O1RLSE (London Stock Exchange)YesBearer SharesGBEURJun 2001
FRAXTRA (XETRA Trading Platform)YesBearer SharesDEEURJun 2001
FPRU.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJun 2001
FRADBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 2001
FRASWX (SIX Swiss Exchange)YesBearer SharesCHCHFJun 2001
FRAWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 2001
FRAETLX (Eurotlx)YesBearer SharesITEURJun 2001
FPRU.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 0.5 ORDUSUSDNov 2008
FRASDB (Deutsche Boerse AG)UNSP ADR EACH REPR 0.5 ORDDEEURNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 18:31
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.