PORR AG (ABS2.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ABS2 - AT0000609607 - Common Stock
33.75 EUR
-1 (-2.88%)
Overall ABS2 gets a fundamental rating of 4 out of 10. We evaluated ABS2 against 45 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of ABS2 get a neutral evaluation. Nothing too spectacular is happening here. ABS2 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year ABS2 was profitable.
- ABS2 had a positive operating cash flow in the past year.
- Of the past 5 years ABS2 4 years were profitable.
- Each year in the past 5 years ABS2 had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 2.17%, ABS2 is not doing good in the industry: 68.89% of the companies in the same industry are doing better.
- ABS2's Return On Equity of 10.63% is on the low side compared to the rest of the industry. ABS2 is outperformed by 68.89% of its industry peers.
- The Return On Invested Capital of ABS2 (4.94%) is worse than 73.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for ABS2 is significantly below the industry average of 11.32%.
- The 3 year average ROIC (2.10%) for ABS2 is below the current ROIC(4.94%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 1.48%. This is in the lower half of the industry: ABS2 underperforms 75.56% of its industry peers.
- ABS2's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 1.69%, ABS2 is doing worse than 80.00% of the companies in the same industry.
- ABS2's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 34.42%, ABS2 is doing worse than 60.00% of the companies in the same industry.
- 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ABS2 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 1.96 indicates that ABS2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
- ABS2's Altman-Z score of 1.96 is in line compared to the rest of the industry. ABS2 outperforms 57.78% of its industry peers.
- ABS2 has a debt to FCF ratio of 3.58. This is a good value and a sign of high solvency as ABS2 would need 3.58 years to pay back of all of its debts.
- The Debt to FCF ratio of ABS2 (3.58) is better than 68.89% of its industry peers.
- A Debt/Equity ratio of 0.59 indicates that 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
WACC13.38%
2.3 Liquidity
- A Current Ratio of 0.94 indicates that ABS2 may have some problems paying its short term obligations.
- ABS2's Current ratio of 0.94 is on the low side compared to the rest of the industry. ABS2 is outperformed by 80.00% of its industry peers.
- 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
- ABS2 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.16%.
- The Earnings Per Share has been growing by 37.76% on average over the past years. This is a very strong growth
- 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
- ABS2 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.02% yearly.
- 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
- Based on the Price/Earnings ratio of 14.00, the valuation of ABS2 can be described as correct.
- The rest of the industry has a similar Price/Earnings ratio as ABS2.
- When comparing the Price/Earnings ratio of ABS2 to the average of the S&P500 Index (27.25), we can say ABS2 is valued slightly cheaper.
- The Price/Forward Earnings ratio is 10.55, which indicates a very decent valuation of ABS2.
- 71.11% of the companies in the same industry are more expensive than ABS2, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of ABS2 to the average of the S&P500 Index (25.98), we can say ABS2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 10.55 |
4.2 Price Multiples
- ABS2's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ABS2 is cheaper than 97.78% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, ABS2 is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.1 | ||
| EV/EBITDA | 3.32 |
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
- ABS2 has a Yearly Dividend Yield of 5.08%, which is a nice return.
- 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.
- Compared to an average S&P500 Dividend Yield of 1.82, ABS2 pays a better dividend.
| 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.