PORR AG (ABS2.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ABS2 - AT0000609607 - Common Stock
34.75 EUR
+0.65 (+1.91%)
Overall ABS2 gets a fundamental rating of 4 out of 10. We evaluated ABS2 against 45 industry peers in the Construction & Engineering industry. ABS2 has an average financial health and profitability rating. ABS2 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- ABS2 had positive earnings in the past year.
- ABS2 had a positive operating cash flow in the past year.
- Of the past 5 years ABS2 4 years were profitable.
- ABS2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ABS2 has a worse Return On Assets (2.17%) than 68.89% of its industry peers.
- The Return On Equity of ABS2 (10.63%) is worse than 68.89% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.94%, ABS2 is doing worse than 73.33% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for ABS2 is significantly below the industry average of 11.32%.
- The last Return On Invested Capital (4.94%) for ABS2 is above the 3 year average (2.10%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 10.63% | ||
| ROIC | 4.94% |
ROA(3y)1.9%
ROA(5y)0.94%
ROE(3y)9.63%
ROE(5y)4.62%
ROIC(3y)2.1%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 1.48%, ABS2 is doing worse than 75.56% of the companies in the same industry.
- ABS2's Profit Margin has improved in the last couple of years.
- The Operating Margin of ABS2 (1.69%) is worse than 80.00% of its industry peers.
- In the last couple of years the Operating Margin of ABS2 has grown nicely.
- The Gross Margin of ABS2 (34.42%) is worse than 60.00% of its industry peers.
- In the last couple of years the Gross Margin of ABS2 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.69% | ||
| PM (TTM) | 1.48% | ||
| GM | 34.42% |
OM growth 3Y61%
OM growth 5YN/A
PM growth 3Y27.41%
PM growth 5Y37.43%
GM growth 3Y0.66%
GM growth 5Y0.79%
2. Health
2.1 Basic Checks
- ABS2 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, ABS2 has less shares outstanding
- Compared to 5 years ago, ABS2 has more shares outstanding
- Compared to 1 year ago, ABS2 has an improved debt to assets ratio.
2.2 Solvency
- ABS2 has an Altman-Z score of 1.96. This is not the best score and indicates that ABS2 is in the grey zone with still only limited risk for bankruptcy at the moment.
- ABS2 has a Altman-Z score (1.96) which is comparable to the rest of the industry.
- The Debt to FCF ratio of ABS2 is 3.58, which is a good value as it means it would take ABS2, 3.58 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.58, ABS2 is in the better half of the industry, outperforming 68.89% of the companies in the same industry.
- ABS2 has a Debt/Equity ratio of 0.59. This is a neutral value indicating ABS2 is somewhat dependend on debt financing.
- The Debt to Equity ratio of ABS2 (0.59) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | 1.96 |
ROIC/WACC0.37
WACC13.27%
2.3 Liquidity
- A Current Ratio of 0.94 indicates that ABS2 may have some problems paying its short term obligations.
- The Current ratio of ABS2 (0.94) is worse than 80.00% of its industry peers.
- A Quick Ratio of 0.90 indicates that ABS2 may have some problems paying its short term obligations.
- ABS2 has a Quick ratio (0.90) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
- ABS2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.16%.
- ABS2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 37.76% yearly.
- ABS2 shows a small growth in Revenue. In the last year, the Revenue has grown by 2.92%.
- The Revenue has been growing slightly by 4.87% on average over the past years.
EPS 1Y (TTM)2.16%
EPS 3Y25.27%
EPS 5Y37.76%
EPS Q2Q%23.81%
Revenue 1Y (TTM)2.92%
Revenue growth 3Y6.19%
Revenue growth 5Y4.87%
Sales Q2Q%3.81%
3.2 Future
- The Earnings Per Share is expected to grow by 16.02% on average over the next years. This is quite good.
- ABS2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.48% yearly.
EPS Next Y18.65%
EPS Next 2Y16.96%
EPS Next 3Y16.02%
EPS Next 5YN/A
Revenue Next Year2.02%
Revenue Next 2Y3.1%
Revenue Next 3Y3.28%
Revenue Next 5Y3.48%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 14.42, which indicates a correct valuation of ABS2.
- ABS2's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 27.21. ABS2 is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 10.87, which indicates a very decent valuation of ABS2.
- Based on the Price/Forward Earnings ratio, ABS2 is valued a bit cheaper than 71.11% of the companies in the same industry.
- ABS2 is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 10.87 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABS2 indicates a rather cheap valuation: ABS2 is cheaper than 97.78% of the companies listed in the same industry.
- ABS2's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ABS2 is cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.34 | ||
| EV/EBITDA | 3.32 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as ABS2's earnings are expected to grow with 16.02% in the coming years.
PEG (NY)0.77
PEG (5Y)0.38
EPS Next 2Y16.96%
EPS Next 3Y16.02%
5. Dividend
5.1 Amount
- ABS2 has a Yearly Dividend Yield of 5.08%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.33, ABS2 pays a better dividend. On top of this ABS2 pays more dividend than 91.11% of the companies listed in the same industry.
- ABS2's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
5.2 History
- The dividend of ABS2 decreases each year by -5.04%.
Dividend Growth(5Y)-5.04%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- ABS2 pays out 54.60% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.6%
EPS Next 2Y16.96%
EPS Next 3Y16.02%
PORR AG / ABS2.DE FAQ
What is the ChartMill fundamental rating of PORR AG (ABS2.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ABS2.DE.
What is the valuation status of PORR AG (ABS2.DE) stock?
ChartMill assigns a valuation rating of 6 / 10 to PORR AG (ABS2.DE). This can be considered as Fairly Valued.
How profitable is PORR AG (ABS2.DE) stock?
PORR AG (ABS2.DE) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for ABS2 stock?
The Price/Earnings (PE) ratio for PORR AG (ABS2.DE) is 14.42 and the Price/Book (PB) ratio is 1.58.
Can you provide the financial health for ABS2 stock?
The financial health rating of PORR AG (ABS2.DE) is 3 / 10.