PORR AG (ABS2.DE) Stock Fundamental Analysis
FRA:ABS2 - Deutsche Boerse Ag - AT0000609607 - Common Stock - Currency: EUR
Taking everything into account, ABS2 scores 4 out of 10 in our fundamental rating. ABS2 was compared to 40 industry peers in the Construction & Engineering industry. While ABS2 is still in line with the averages on profitability rating, there are concerns on its financial health. ABS2 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ABS2 was profitable.
In the past year ABS2 had a positive cash flow from operations.
ABS2 had positive earnings in 4 of the past 5 years.
Each year in the past 5 years ABS2 had a positive operating cash flow.
1.2 Ratios
ABS2's Return On Assets of 2.16% is in line compared to the rest of the industry. ABS2 outperforms 42.50% of its industry peers.
The Return On Equity of ABS2 (11.52%) is worse than 60.00% of its industry peers.
The Return On Invested Capital of ABS2 (2.48%) is worse than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ABS2 is significantly below the industry average of 20.73%.
The 3 year average ROIC (0.84%) for ABS2 is below the current ROIC(2.48%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 11.52% | ||
| ROIC | 2.48% |
ROA(3y)1.5%
ROA(5y)0.6%
ROE(3y)7.72%
ROE(5y)3.05%
ROIC(3y)0.84%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 1.49%, ABS2 is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of ABS2 has grown nicely.
ABS2's Operating Margin of 0.84% is on the low side compared to the rest of the industry. ABS2 is outperformed by 80.00% of its industry peers.
ABS2's Gross Margin of 32.49% is in line compared to the rest of the industry. ABS2 outperforms 42.50% 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 | 0.84% | ||
| PM (TTM) | 1.49% | ||
| GM | 32.49% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y5.17%
GM growth 3Y-1.49%
GM growth 5Y0.86%
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.
The number of shares outstanding for ABS2 has been reduced compared to 1 year ago.
Compared to 5 years ago, ABS2 has more shares outstanding
ABS2 has a better debt/assets ratio than last year.
2.2 Solvency
ABS2 has an Altman-Z score of 1.81. 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.
The Altman-Z score of ABS2 (1.81) is comparable to the rest of the industry.
The Debt to FCF ratio of ABS2 is 39.96, which is on the high side as it means it would take ABS2, 39.96 years of fcf income to pay off all of its debts.
ABS2 has a Debt to FCF ratio of 39.96. This is in the lower half of the industry: ABS2 underperforms 62.50% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that ABS2 is somewhat dependend on debt financing.
The Debt to Equity ratio of ABS2 (0.66) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 39.96 | ||
| Altman-Z | 1.81 |
ROIC/WACC0.41
WACC6.11%
2.3 Liquidity
A Current Ratio of 0.94 indicates that ABS2 may have some problems paying its short term obligations.
ABS2 has a Current ratio of 0.94. This is in the lower half of the industry: ABS2 underperforms 77.50% of its industry peers.
ABS2 has a Quick Ratio of 0.94. This is a bad value and indicates that ABS2 is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ABS2 (0.89) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.37% over the past year.
The Earnings Per Share has been growing slightly by 4.59% on average over the past years.
The Revenue has been growing slightly by 1.67% in the past year.
ABS2 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.05% yearly.
EPS 1Y (TTM)18.37%
EPS 3YN/A
EPS 5Y4.59%
EPS Q2Q%-1.35%
Revenue 1Y (TTM)1.67%
Revenue growth 3Y9.15%
Revenue growth 5Y4.05%
Sales Q2Q%8.42%
3.2 Future
Based on estimates for the next years, ABS2 will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.30% on average per year.
Based on estimates for the next years, ABS2 will show a small growth in Revenue. The Revenue will grow by 3.16% on average per year.
EPS Next Y15.61%
EPS Next 2Y17.53%
EPS Next 3Y14.3%
EPS Next 5YN/A
Revenue Next Year2.24%
Revenue Next 2Y2.25%
Revenue Next 3Y2.33%
Revenue Next 5Y3.16%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 11.19, which indicates a very decent valuation of ABS2.
Based on the Price/Earnings ratio, ABS2 is valued a bit cheaper than 67.50% of the companies in the same industry.
When comparing the Price/Earnings ratio of ABS2 to the average of the S&P500 Index (29.35), we can say ABS2 is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.23, the valuation of ABS2 can be described as reasonable.
ABS2's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ABS2 is cheaper than 67.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. ABS2 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 9.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABS2 indicates a somewhat cheap valuation: ABS2 is cheaper than 80.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ABS2 is valued a bit more expensive than 65.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.72 | ||
| EV/EBITDA | 3.85 |
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 14.30% in the coming years.
PEG (NY)0.72
PEG (5Y)2.44
EPS Next 2Y17.53%
EPS Next 3Y14.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.08%, ABS2 is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.65, ABS2 pays a better dividend. On top of this ABS2 pays more dividend than 90.00% 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 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
5.2 History
The dividend of ABS2 decreases each year by -7.21%.
Dividend Growth(5Y)-7.21%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
48.48% of the earnings are spent on dividend by ABS2. This is a bit on the high side, but may be sustainable.
DP48.48%
EPS Next 2Y17.53%
EPS Next 3Y14.3%
FRA:ABS2 (3/7/2025, 7:00:00 PM)
26.3
+0.5 (+1.94%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners8.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.03B
Analysts88
Price Target24.52 (-6.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Yearly Dividend0.97
Dividend Growth(5Y)-7.21%
DP48.48%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)14.77%
PT rev (3m)15.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.6%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.19 | ||
| Fwd PE | 9.23 | ||
| P/S | 0.17 | ||
| P/FCF | 70.72 | ||
| P/OCF | 3.62 | ||
| P/B | 1.32 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 3.85 |
EPS(TTM)2.35
EY8.94%
EPS(NY)2.85
Fwd EY10.83%
FCF(TTM)0.37
FCFY1.41%
OCF(TTM)7.26
OCFY27.62%
SpS154.41
BVpS19.95
TBVpS14.48
PEG (NY)0.72
PEG (5Y)2.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 11.52% | ||
| ROCE | 3.36% | ||
| ROIC | 2.48% | ||
| ROICexc | 3.49% | ||
| ROICexgc | 4.36% | ||
| OM | 0.84% | ||
| PM (TTM) | 1.49% | ||
| GM | 32.49% | ||
| FCFM | 0.24% |
ROA(3y)1.5%
ROA(5y)0.6%
ROE(3y)7.72%
ROE(5y)3.05%
ROIC(3y)0.84%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)1.14%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y5.17%
GM growth 3Y-1.49%
GM growth 5Y0.86%
F-Score7
Asset Turnover1.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 39.96 | ||
| Debt/EBITDA | 1.98 | ||
| Cap/Depr | 130.22% | ||
| Cap/Sales | 4.46% | ||
| Interest Coverage | 0.25 | ||
| Cash Conversion | 110.2% | ||
| Profit Quality | 16.18% | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 1.81 |
F-Score7
WACC6.11%
ROIC/WACC0.41
Cap/Depr(3y)103.12%
Cap/Depr(5y)97.15%
Cap/Sales(3y)3.53%
Cap/Sales(5y)3.35%
Profit Quality(3y)284.78%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.37%
EPS 3YN/A
EPS 5Y4.59%
EPS Q2Q%-1.35%
EPS Next Y15.61%
EPS Next 2Y17.53%
EPS Next 3Y14.3%
EPS Next 5YN/A
Revenue 1Y (TTM)1.67%
Revenue growth 3Y9.15%
Revenue growth 5Y4.05%
Sales Q2Q%8.42%
Revenue Next Year2.24%
Revenue Next 2Y2.25%
Revenue Next 3Y2.33%
Revenue Next 5Y3.16%
EBIT growth 1Y-37.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year161.78%
EBIT Next 3Y43.54%
EBIT Next 5YN/A
FCF growth 1Y-91.77%
FCF growth 3Y7.15%
FCF growth 5Y-8.42%
OCF growth 1Y-19.78%
OCF growth 3Y18.29%
OCF growth 5Y8.22%