Reported Earnings • May 06
Full year 2025 earnings released: EPS: €4.67 (vs €4.88 in FY 2024) Full year 2025 results: EPS: €4.67 (down from €4.88 in FY 2024). Revenue: €4.51b (flat on FY 2024). Net income: €431.8m (down 4.2% from FY 2024). Profit margin: 9.6% (in line with FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 06
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.2%). Announcement • Mar 30
Fraport AG, Annual General Meeting, May 12, 2026 Fraport AG, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. New Risk • Mar 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: €4.67 (vs €4.88 in FY 2024) Full year 2025 results: EPS: €4.67 (down from €4.88 in FY 2024). Revenue: €4.56b (up 1.5% from FY 2024). Net income: €431.8m (down 4.2% from FY 2024). Profit margin: 9.5% (in line with FY 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Announcement • Mar 15
Fraport AG Provides Dividend Guidance for the Year 2026 Fraport AG announced after the Supervisory Board had already approved the 2026 business plan on December 12, 2025 – which, for the first time since the outbreak of the COVID-19 pandemic, includes a dividend payment of EUR 1.00 per share during the 2026 financial year – the Executive Board plans to align the future development of the annual dividend with the development of the Group’s leverage ratio. The intention is to propose to the Annual General Meeting of the respective financial year a constant dividend of EUR 1.00 per share. The company intends to pursue a dividend policy that provides for a payout ratio of around 60% to 80% of the Group result attributable to the shareholders of Fraport AG (Group result after minority interests). New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. Announcement • Dec 13
Fraport AG announces Annual dividend, payable on May 15, 2026 Fraport AG announced Annual dividend of EUR 1.0000 per share payable on May 15, 2026, ex-date on May 13, 2026 and record date on May 14, 2026. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: €3.28 (vs €2.49 in 3Q 2024) Third quarter 2025 results: EPS: €3.28 (up from €2.49 in 3Q 2024). Revenue: €1.37b (flat on 3Q 2024). Net income: €302.9m (up 32% from 3Q 2024). Profit margin: 22% (up from 17% in 3Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: €1.20 (vs €1.45 in 2Q 2024) Second quarter 2025 results: EPS: €1.20 (down from €1.45 in 2Q 2024). Revenue: €1.14b (down 3.1% from 2Q 2024). Net income: €111.1m (down 17% from 2Q 2024). Profit margin: 9.7% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4.2 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4.2 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2025. Reported Earnings • May 14
First quarter 2025 earnings released: €0.18 loss per share (vs €0.18 profit in 1Q 2024) First quarter 2025 results: €0.18 loss per share (down from €0.18 profit in 1Q 2024). Revenue: €885.7m (down 2.9% from 1Q 2024). Net loss: €16.3m (down 200% from profit in 1Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Fraport AG, Annual General Meeting, May 27, 2025 Fraport AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Reported Earnings • Mar 18
Third quarter 2024 earnings released: EPS: €2.49 (vs €2.55 in 3Q 2023) Third quarter 2024 results: EPS: €2.49 (down from €2.55 in 3Q 2023). Revenue: €1.37b (up 11% from 3Q 2023). Net income: €229.7m (down 2.5% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 4 years, compared to a 3.4% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Mar 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Buy Or Sell Opportunity • Feb 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to €54.68. The fair value is estimated to be €45.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: €2.49 (vs €2.55 in 3Q 2023) Third quarter 2024 results: EPS: €2.49 (down from €2.55 in 3Q 2023). Revenue: €1.37b (up 12% from 3Q 2023). Net income: €229.7m (down 2.5% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 11
GMR Airports Infrastructure Limited (NSEI:GMRINFRA) entered into a Share Purchase Agreement to acquire an additional 10% stake in Delhi International Airport Limited from Fraport AG (XTRA:FRA) for approximately $130 million GMR Airports Infrastructure Limited (NSEI:GMRINFRA) entered into a Share Purchase Agreement to acquire an additional 10% stake in Delhi International Airport Limited from Fraport AG (XTRA:FRA) for approximately $130 million on September 9, 2024. A cash consideration of $126 million will be paid by GMR Airports Infrastructure Limited. As part of consideration, $126 million is paid towards common equity of Delhi International Airport Limited. Upon completion, GMR Airports Infrastructure Limited will own 74% stake in Delhi International Airport Limited.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. The expected completion of the transaction is March 10, 2025. Announcement • Sep 10
GMR Airports Plans to Buy Fraport's 10% to Increase Stake in Delhi Airport GMR Airports Infrastructure Limited (NSEI:GMRINFRA) planned to increase its stake in Delhi International Airport Limited, India's largest, to 74% by acquiring an additional 10% from Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) (XTRA:FRA) for around $126 million. The transaction, subject to the approval of the Airports Authority of India and shareholders, is expected to be concluded within 180 days of executing the share-purchase agreement, the company informed the stock exchanges after the close of market hours on Monday. State-run AAI owns 26% of the paid-up capital of Delhi airport. The proposed stake sale by Fraport meets Sebi's requisite related-party transaction norms, GMR Airports said in the statement. In January 2006, the GMR group-led consortium was awarded the concession to operate, manage and develop the Indira Gandhi International Airport of Delhi following an international competitive bidding process. The initial term of the concession period is 30 years, extendable by another 30 years. The consortium of GMR Group (54%), Malaysia Airports (Naiga) Sdn Bhd (10%) and Fraport AG Frankfurt Services Worldwide (10%) signed the operations, management and development agreement on 4 April 2006 with the AAI (26%). In 2015, GMR group increased its stake in Delhi airport to 64% by acquiring 10% equity for around $79 million from Malaysia Airports Holdings Berhad, which sold the minority stake as it did not give it any "influence" in the venture. Delhi airport is India's largest and busiest, managing about 20% of the country's domestic and international traffic. In FY24, it handled 73.7 million passengers, up 12.8% from the previous financial year. Delhi airport's three terminals have an annual capacity of around 104 million passengers. "The acquisition of additional stake in DIAL is in line with our objective of consolidating our presence in core assets of the Group and signifies the importance of Delhi airport in the overall Group portfolio," said Kiran Kumar Grandhi, corporate chairman of GMR Group, in the statement. Fraport is a German transport company that operates the airport in Frankfurt am Main and holds interests in the operation of several other airports around the world. It also offers ground-handling services. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: €1.45 (vs €1.11 in 2Q 2023) Second quarter 2024 results: EPS: €1.45 (up from €1.11 in 2Q 2023). Revenue: €1.18b (up 12% from 2Q 2023). Net income: €133.9m (up 31% from 2Q 2023). Profit margin: 11% (up from 9.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 02
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €47.36. The fair value is estimated to be €59.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.2% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Announcement • May 25
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.18 (vs €0.23 loss in 1Q 2023) First quarter 2024 results: EPS: €0.18 (up from €0.23 loss in 1Q 2023). Revenue: €939.8m (up 21% from 1Q 2023). Net income: €16.3m (up €37.9m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: €4.26 (vs €1.43 in FY 2022) Full year 2023 results: EPS: €4.26 (up from €1.43 in FY 2022). Revenue: €4.05b (up 25% from FY 2022). Net income: €393.2m (up 197% from FY 2022). Profit margin: 9.7% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 11
Now 21% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be €70.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Reported Earnings • Nov 08
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €1.25b (up 21% from 3Q 2022). Net income: €235.7m (up 106% from 3Q 2022). Profit margin: 19% (up from 11% in 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Infrastructure industry in Europe. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: €1.11 (vs €0.64 in 2Q 2022) Second quarter 2023 results: EPS: €1.11 (up from €0.64 in 2Q 2022). Revenue: €1.06b (up 29% from 2Q 2022). Net income: €102.3m (up 73% from 2Q 2022). Profit margin: 9.6% (up from 7.2% in 2Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Fraport AG (XTRA:FRA) announces an Equity Buyback for 75,000 shares, representing 0.08% for €4 million. Fraport AG (XTRA:FRA) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.08% of its share capital for €4 million. The shares will not be repurchased at a price higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The shares are repurchased to fulfill the obligations arising from the employee participation program. The repurchase program will continue until June 30, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: €0.23 loss per share (vs €1.17 loss in 1Q 2022) First quarter 2023 results: €0.23 loss per share (improved from €1.17 loss in 1Q 2022). Revenue: €808.2m (up 47% from 1Q 2022). Net loss: €21.6m (loss narrowed 80% from 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: €1.43 (vs €0.90 in FY 2021) Full year 2022 results: EPS: €1.43 (up from €0.90 in FY 2021). Revenue: €3.23b (up 48% from FY 2021). Net income: €132.4m (up 60% from FY 2021). Profit margin: 4.1% (up from 3.8% in FY 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: €1.24 (vs €0.83 in 3Q 2021) Third quarter 2022 results: EPS: €1.24 (up from €0.83 in 3Q 2021). Net income: €114.7m (up 50% from 3Q 2021). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: €0.64 (vs €0.92 in 2Q 2021) Second quarter 2022 results: EPS: €0.64 (down from €0.92 in 2Q 2021). Revenue: €883.9m (up 103% from 2Q 2021). Net income: €59.2m (down 31% from 2Q 2021). Profit margin: 6.7% (down from 20% in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 19% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
First quarter 2022 earnings released: €1.17 loss per share (vs €0.70 loss in 1Q 2021) First quarter 2022 results: €1.17 loss per share (down from €0.70 loss in 1Q 2021). Revenue: €556.0m (up 41% from 1Q 2021). Net loss: €108.1m (loss widened 67% from 1Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.90 (up from €7.12 loss in FY 2020). Revenue: €2.18b (up 27% from FY 2020). Net income: €82.8m (up €740.4m from FY 2020). Profit margin: 3.8% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 30%, compared to a 14% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS €0.83 (vs €3.29 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €738.8m (up 77% from 3Q 2020). Net income: €76.6m (up €380.7m from 3Q 2020). Profit margin: 10% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS €0.92 (vs €1.97 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €435.5m (up 69% from 2Q 2020). Net income: €85.3m (up €267.6m from 2Q 2020). Profit margin: 20% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2020 earnings released: €7.12 loss per share (vs €4.55 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.80b (down 52% from FY 2019). Net loss: €657.6m (down 256% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: €54.05 The company is up 13% from its price of €47.83 on 26 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 47% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €134 per share. Reported Earnings • Nov 10
Third quarter 2020 earnings released: €3.29 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €416.5m (down 61% from 3Q 2019). Net loss: €304.1m (down 237% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue misses expectations Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 2.5% compared to a 1.7% decline forecast for the Infrastructure industry in the United Kingdom. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 36% share price gain to €43.27, the stock is trading at a trailing P/E ratio of 58.3x, up from the previous P/E ratio of 42.8x. This compares to an average P/E of 17x in the Infrastructure industry in Europe. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Nov 09
New 90-day high: €43.27 The company is up 17% from its price of €37.06 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.33 per share. Is New 90 Day High Low • Oct 16
New 90-day low: €31.83 The company is down 18% from its price of €38.62 on 17 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.27 per share. 
