Financials Flughafen Wien AG

Equities

FLU

AT00000VIE62

Airport Services

Market Closed - Wiener Boerse 11:35:16 2024-06-06 am EDT After market 02:51:02 pm
49.3 EUR +2.49% Intraday chart for Flughafen Wien AG 49.35 +0.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,171 2,554 2,231 2,713 4,269 4,135 - -
Enterprise Value (EV) 1 3,252 2,756 2,381 2,863 4,631 3,736 3,912 3,646
P/E ratio 20 x -35 x 665 x 25.1 x 25.3 x 20.5 x 18.6 x 17.4 x
Yield 2.99% - - 2.38% 2.59% 3.12% 3.43% 3.74%
Capitalization / Revenue 3.7 x 7.65 x 5.48 x 3.92 x 4.58 x 4.15 x 3.88 x 3.73 x
EV / Revenue 3.79 x 8.26 x 5.85 x 4.13 x 4.97 x 3.75 x 3.67 x 3.29 x
EV / EBITDA 8.45 x 50.9 x 15.5 x 9.67 x 11.8 x 8.89 x 8.61 x 7.77 x
EV / FCF 16.5 x -26.8 x 43.9 x 10.1 x - 25.4 x 20.8 x 17.7 x
FCF Yield 6.05% -3.73% 2.28% 9.92% - 3.94% 4.81% 5.65%
Price to Book 2.3 x 2.12 x 1.85 x - - 2.73 x 2.6 x -
Nbr of stocks (in thousands) 84,000 83,875 83,875 83,875 83,875 83,875 - -
Reference price 2 37.75 30.45 26.60 32.35 50.90 48.10 48.10 48.10
Announcement Date 3/2/20 3/4/21 3/2/22 3/1/23 2/28/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 857.6 333.7 407 692.7 931.5 995.4 1,067 1,108
EBITDA 1 384.8 54.1 153.7 295.9 393.6 420.4 454.3 469.5
EBIT 1 252.3 -86.5 19.2 167.2 261.8 278.1 311.6 333.1
Operating Margin 29.42% -25.92% 4.72% 24.14% 28.11% 27.94% 29.2% 30.07%
Earnings before Tax (EBT) 1 237.9 -100.9 8.8 157.9 257.7 293.6 324.2 337.5
Net income 1 158.9 -72.8 3.2 107.9 168.4 196.8 216.9 232.2
Net margin 18.53% -21.82% 0.79% 15.58% 18.08% 19.77% 20.33% 20.96%
EPS 2 1.890 -0.8700 0.0400 1.290 2.010 2.350 2.585 2.770
Free Cash Flow 1 196.9 -102.9 54.2 284 - 147.3 188 206.1
FCF margin 22.96% -30.84% 13.32% 41% - 14.8% 17.62% 18.61%
FCF Conversion (EBITDA) 51.17% - 35.26% 95.98% - 35.04% 41.38% 43.9%
FCF Conversion (Net income) 123.91% - 1,693.75% 263.21% - 74.85% 86.68% 88.76%
Dividend per Share 2 1.130 - - 0.7700 1.320 1.500 1.650 1.800
Announcement Date 3/2/20 3/4/21 3/2/22 3/1/23 2/28/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 S1
Net sales - - -
EBITDA - - -
EBIT 1 - 77.8 112.6
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 23 - -
Net margin - - -
EPS 0.2700 - -
Dividend per Share - - -
Announcement Date 5/16/23 8/28/23 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 81.4 202 150 149 362 - - -
Net Cash position 1 - - - - - 399 223 489
Leverage (Debt/EBITDA) 0.2116 x 3.733 x 0.9785 x 0.5049 x 0.9195 x - - -
Free Cash Flow 1 197 -103 54.2 284 - 147 188 206
ROE (net income / shareholders' equity) 11.9% -5.87% 0.31% - 11.2% 13.1% 13.9% 13.8%
ROA (Net income/ Total Assets) 7.13% -3.25% 0.16% - - - - -
Assets 1 2,229 2,237 1,954 - - - - -
Book Value Per Share 2 16.40 14.40 14.40 - - 17.60 18.50 -
Cash Flow per Share 4.440 -0.2700 1.320 4.040 - - - -
Capex 1 172 79.9 51.6 53.6 - 213 195 198
Capex / Sales 20.03% 23.94% 12.68% 7.74% - 21.4% 18.3% 17.9%
Announcement Date 3/2/20 3/4/21 3/2/22 3/1/23 2/28/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
48.1 EUR
Average target price
57 EUR
Spread / Average Target
+18.50%
Consensus

Annual profits - Rate of surprise

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