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 39 industry peers in the Construction & Engineering industry. There are concerns on the financial health of ABS2 while its profitability can be described as average. ABS2 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ABS2 had positive earnings in the past year.
In the past year ABS2 had a positive cash flow from operations.
ABS2 had positive earnings in 4 of the past 5 years.
In the past 5 years ABS2 always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ABS2 (2.10%) is worse than 61.54% of its industry peers.
With a Return On Equity value of 10.27%, ABS2 is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
ABS2 has a Return On Invested Capital of 5.26%. This is in the lower half of the industry: ABS2 underperforms 66.67% 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 11.04%.
The 3 year average ROIC (2.10%) for ABS2 is below the current ROIC(5.26%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 10.27% | ||
| ROIC | 5.26% |
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 1.44% is on the low side compared to the rest of the industry. ABS2 is outperformed by 74.36% 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 1.82%, ABS2 is doing worse than 79.49% of the companies in the same industry.
ABS2's Operating Margin has improved in the last couple of years.
ABS2 has a Gross Margin (34.05%) which is comparable to the rest of the industry.
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 | 1.82% | ||
| PM (TTM) | 1.44% | ||
| GM | 34.05% |
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.
The number of shares outstanding for ABS2 has been reduced compared to 1 year ago.
ABS2 has more shares outstanding than it did 5 years ago.
ABS2 has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.91 indicates that ABS2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
ABS2 has a Altman-Z score (1.91) which is comparable to the rest of the industry.
The Debt to FCF ratio of ABS2 is 4.68, which is a neutral value as it means it would take ABS2, 4.68 years of fcf income to pay off all of its debts.
ABS2 has a Debt to FCF ratio (4.68) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.59 indicates that ABS2 is somewhat dependend on debt financing.
ABS2 has a Debt to Equity ratio of 0.59. This is comparable to the rest of the industry: ABS2 outperforms 51.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 4.68 | ||
| Altman-Z | 1.91 |
ROIC/WACC0.38
WACC13.7%
2.3 Liquidity
A Current Ratio of 0.94 indicates that ABS2 may have some problems paying its short term obligations.
With a Current ratio value of 0.94, ABS2 is not doing good in the industry: 71.79% of the companies in the same industry are doing better.
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.
Looking at the Quick ratio, with a value of 0.90, ABS2 is in line with its industry, outperforming 41.03% 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 4.55% over the past year.
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 2.35%.
The Revenue has been growing slightly by 4.87% on average over the past years.
EPS 1Y (TTM)4.55%
EPS 3Y25.27%
EPS 5Y37.76%
EPS Q2Q%-2.5%
Revenue 1Y (TTM)2.35%
Revenue growth 3Y6.19%
Revenue growth 5Y4.87%
Sales Q2Q%-0.43%
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 15.55% on average per year.
Based on estimates for the next years, ABS2 will show a small growth in Revenue. The Revenue will grow by 1.85% on average per year.
EPS Next Y21.75%
EPS Next 2Y15.67%
EPS Next 3Y15.55%
EPS Next 5YN/A
Revenue Next Year2.27%
Revenue Next 2Y2.37%
Revenue Next 3Y2.77%
Revenue Next 5Y1.85%
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 12.80, which indicates a correct valuation of ABS2.
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 (28.79), we can say ABS2 is valued rather cheaply.
A Price/Forward Earnings ratio of 10.43 indicates a reasonable valuation of ABS2.
ABS2's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ABS2 is cheaper than 71.79% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. ABS2 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 10.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ABS2 is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABS2 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.34 | ||
| EV/EBITDA | 2.6 |
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.
A more expensive valuation may be justified as ABS2's earnings are expected to grow with 15.55% in the coming years.
PEG (NY)0.59
PEG (5Y)0.34
EPS Next 2Y15.67%
EPS Next 3Y15.55%
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 3.69, ABS2 pays a better dividend. On top of this ABS2 pays more dividend than 89.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, 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 Years2
Div Non Decr Years2
5.3 Sustainability
ABS2 pays out 46.52% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP46.52%
EPS Next 2Y15.67%
EPS Next 3Y15.55%
FRA:ABS2 (4/25/2025, 7:00:00 PM)
29.7
+0.25 (+0.85%)
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 Cap1.17B
Analysts86.67
Price Target33.44 (12.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Yearly Dividend1.08
Dividend Growth(5Y)-5.04%
DP46.52%
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)23.62%
PT rev (3m)41.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.71%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 10.43 | ||
| P/S | 0.19 | ||
| P/FCF | 9.34 | ||
| P/OCF | 3.19 | ||
| P/B | 1.35 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 2.6 |
EPS(TTM)2.32
EY7.81%
EPS(NY)2.85
Fwd EY9.59%
FCF(TTM)3.18
FCFY10.71%
OCF(TTM)9.31
OCFY31.34%
SpS157.6
BVpS22.05
TBVpS16.41
PEG (NY)0.59
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 10.27% | ||
| ROCE | 7.11% | ||
| ROIC | 5.26% | ||
| ROICexc | 9.93% | ||
| ROICexgc | 13.5% | ||
| OM | 1.82% | ||
| PM (TTM) | 1.44% | ||
| GM | 34.05% | ||
| FCFM | 2.02% |
ROA(3y)1.9%
ROA(5y)0.94%
ROE(3y)9.63%
ROE(5y)4.62%
ROIC(3y)2.1%
ROIC(5y)N/A
ROICexc(3y)3.65%
ROICexc(5y)N/A
ROICexgc(3y)4.8%
ROICexgc(5y)N/A
ROCE(3y)2.84%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y61%
OM growth 5YN/A
PM growth 3Y27.41%
PM growth 5Y37.43%
GM growth 3Y0.66%
GM growth 5Y0.79%
F-Score7
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 4.68 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 114.4% | ||
| Cap/Sales | 3.89% | ||
| Interest Coverage | 0.54 | ||
| Cash Conversion | 113.25% | ||
| Profit Quality | 140.37% | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 1.91 |
F-Score7
WACC13.7%
ROIC/WACC0.38
Cap/Depr(3y)107.06%
Cap/Depr(5y)100.79%
Cap/Sales(3y)3.59%
Cap/Sales(5y)3.47%
Profit Quality(3y)122.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.55%
EPS 3Y25.27%
EPS 5Y37.76%
EPS Q2Q%-2.5%
EPS Next Y21.75%
EPS Next 2Y15.67%
EPS Next 3Y15.55%
EPS Next 5YN/A
Revenue 1Y (TTM)2.35%
Revenue growth 3Y6.19%
Revenue growth 5Y4.87%
Sales Q2Q%-0.43%
Revenue Next Year2.27%
Revenue Next 2Y2.37%
Revenue Next 3Y2.77%
Revenue Next 5Y1.85%
EBIT growth 1Y169.69%
EBIT growth 3Y70.97%
EBIT growth 5YN/A
EBIT Next Year154.21%
EBIT Next 3Y42.86%
EBIT Next 5YN/A
FCF growth 1Y202.88%
FCF growth 3Y-17.91%
FCF growth 5Y7.14%
OCF growth 1Y32.27%
OCF growth 3Y-4.41%
OCF growth 5Y7.91%