PORR AG (ABS2.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ABS2 - AT0000609607 - Common Stock
33.75 EUR
-1 (-2.88%)
ABS2 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 45 industry peers in the Construction & Engineering industry. ABS2 has an average financial health and profitability rating. 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.
- ABS2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.17%, ABS2 is doing worse than 68.89% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 10.63%, ABS2 is doing worse than 68.89% of the companies in the same industry.
- ABS2 has a worse Return On Invested Capital (4.94%) than 73.33% of its industry peers.
- ABS2 had an Average Return On Invested Capital over the past 3 years of 2.10%. This 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
- ABS2's Profit Margin of 1.48% is on the low side compared to the rest of the industry. ABS2 is outperformed by 75.56% of its industry peers.
- In the last couple of years the Profit Margin of ABS2 has grown nicely.
- ABS2 has a worse Operating Margin (1.69%) than 80.00% of its industry peers.
- In the last couple of years the Operating Margin of ABS2 has grown nicely.
- ABS2 has a worse Gross Margin (34.42%) than 60.00% of its industry peers.
- ABS2's Gross Margin has been stable in the last couple of years.
| 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.
- ABS2 has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for ABS2 has been increased compared to 5 years ago.
- ABS2 has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 1.95 indicates that ABS2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 1.95, ABS2 perfoms like the industry average, outperforming 57.78% of the companies in the same 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.
- A Debt/Equity ratio of 0.59 indicates that ABS2 is somewhat dependend on debt financing.
- ABS2 has a Debt to Equity ratio (0.59) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | 1.95 |
ROIC/WACC0.37
WACC13.38%
2.3 Liquidity
- ABS2 has a Current 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.
- Looking at the Current ratio, with a value of 0.94, ABS2 is doing worse than 80.00% of the companies in the same industry.
- A Quick Ratio of 0.90 indicates that ABS2 may have some problems paying its short term obligations.
- With a Quick ratio value of 0.90, ABS2 perfoms like the industry average, outperforming 42.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 2.16% over the past year.
- Measured over the past years, ABS2 shows a very strong growth in Earnings Per Share. The EPS has been growing by 37.76% on average per year.
- Looking at the last year, ABS2 shows a small growth in Revenue. The Revenue has grown by 2.92% in the last year.
- ABS2 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.87% yearly.
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
- Based on estimates for the next years, ABS2 will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.02% on average per year.
- 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
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
- Based on the Price/Earnings ratio of 14.00, the valuation of ABS2 can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of ABS2 is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of ABS2 to the average of the S&P500 Index (28.87), we can say ABS2 is valued rather cheaply.
- A Price/Forward Earnings ratio of 10.55 indicates a reasonable valuation of ABS2.
- 71.11% of the companies in the same industry are more expensive than ABS2, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.96, ABS2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 10.55 |
4.2 Price Multiples
- 97.78% of the companies in the same industry are more expensive than ABS2, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABS2 indicates a somewhat cheap valuation: ABS2 is cheaper than 77.78% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.1 | ||
| EV/EBITDA | 3.2 |
4.3 Compensation for Growth
- ABS2's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- ABS2's earnings are expected to grow with 16.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)0.37
EPS Next 2Y16.96%
EPS Next 3Y16.02%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 5.08%, ABS2 is a good candidate for dividend investing.
- ABS2's Dividend Yield is rather good when compared to the industry average which is at 2.33. ABS2 pays more dividend than 91.11% of the companies in the same industry.
- ABS2's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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 and the Price/Book (PB) ratio is 1.53.
Can you provide the financial health for ABS2 stock?
The financial health rating of PORR AG (ABS2.DE) is 4 / 10.