Financials AT&S - Austria Technologie & Systemtechnik Aktiengesellschaft

Equities

ATS

AT0000969985

Semiconductors

Market Closed - Wiener Boerse 09:05:09 26/04/2024 pm IST 5-day change 1st Jan Change
20.36 EUR +1.19% Intraday chart for AT&S - Austria Technologie & Systemtechnik Aktiengesellschaft +11.99% -22.59%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 594.4 521 1,189 1,958 1,101 791 - -
Enterprise Value (EV) 1 744.7 767.9 1,697 2,174 2,005 2,584 2,898 3,038
P/E ratio 7.36 x 39.4 x 30.3 x 21.1 x 9.36 x -166 x 9.67 x 3.68 x
Yield 3.92% 1.86% 1.27% 0.77% 1.41% 1.5% 1.64% 4.17%
Capitalization / Revenue 0.58 x 0.52 x 1 x 1.23 x 0.61 x 0.49 x 0.38 x 0.28 x
EV / Revenue 0.72 x 0.77 x 1.43 x 1.37 x 1.12 x 1.61 x 1.39 x 1.09 x
EV / EBITDA 2.98 x 3.95 x 6.91 x 6.22 x 4.81 x 7.8 x 5.54 x 3.97 x
EV / FCF 10.7 x -22.9 x -6.76 x 20.2 x -3.21 x -3.88 x -14.5 x 17.5 x
FCF Yield 9.35% -4.36% -14.8% 4.95% -31.1% -25.8% -6.92% 5.73%
Price to Book 0.74 x 0.69 x 1.48 x 1.56 x 0.95 x 0.72 x 0.75 x 0.65 x
Nbr of stocks (in thousands) 38,850 38,850 38,850 38,850 38,850 38,850 - -
Reference price 2 15.30 13.41 30.60 50.40 28.35 20.36 20.36 20.36
Announcement Date 06/05/19 14/05/20 10/06/21 17/05/22 16/05/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,028 1,001 1,188 1,590 1,791 1,606 2,081 2,791
EBITDA 1 250.1 194.5 245.7 349.5 416.7 331.4 523.2 765.4
EBIT 1 117.2 47.4 79.76 126.5 146.2 72.69 205.4 384.7
Operating Margin 11.4% 4.74% 6.71% 7.95% 8.16% 4.53% 9.87% 13.78%
Earnings before Tax (EBT) 1 115.2 40.94 59.62 122.1 167.8 31.97 126.8 317
Net income 1 80.7 13.14 39.11 92.84 117.9 -2.997 88.76 234.1
Net margin 7.85% 1.31% 3.29% 5.84% 6.58% -0.19% 4.26% 8.39%
EPS 2 2.080 0.3400 1.010 2.390 3.030 -0.1223 2.105 5.536
Free Cash Flow 1 69.62 -33.47 -251.1 107.6 -624.6 -665.7 -200.4 174
FCF margin 6.77% -3.35% -21.13% 6.77% -34.87% -41.45% -9.63% 6.23%
FCF Conversion (EBITDA) 27.84% - - 30.79% - - - 22.74%
FCF Conversion (Net income) 86.27% - - 115.92% - - - 74.34%
Dividend per Share 2 0.6000 0.2500 0.3900 0.3900 0.4000 0.3045 0.3336 0.8488
Announcement Date 06/05/19 14/05/20 10/06/21 17/05/22 16/05/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 379.9 502.6 567.5 419 302.2 361.7 452.2
EBITDA 1 - 137.3 190.4 117 - 92.4 156.9
EBIT 1 30.92 72.89 108.4 32 -67.42 8.452 73.19
Operating Margin 8.14% 14.5% 19.1% 7.64% -22.31% 2.34% 16.18%
Earnings before Tax (EBT) - - 141.1 3.258 -82.89 3.693 -
Net income 21.5 91.35 123.3 -3 -89.05 -6.842 -
Net margin 5.66% 18.18% 21.72% -0.72% -29.47% -1.89% -
EPS 2 0.5500 2.350 3.170 -0.2000 -2.300 -0.1800 1.200
Dividend per Share - - - - - - -
Announcement Date 04/11/21 02/08/22 03/11/22 02/02/23 16/05/23 01/08/23 02/11/23
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 150 247 509 216 904 1,793 2,107 2,247
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.601 x 1.269 x 2.07 x 0.6186 x 2.169 x 5.411 x 4.026 x 2.936 x
Free Cash Flow 1 69.6 -33.5 -251 108 -625 -666 -200 174
ROE (net income / shareholders' equity) 10.7% 1.68% 5.01% 9.04% 9.78% 3.7% 10.7% 19.2%
ROA (Net income/ Total Assets) 4.87% 0.72% 1.84% 3.03% 2.98% -0.08% 1.39% 4.06%
Assets 1 1,657 1,819 2,122 3,068 3,954 3,716 6,400 5,767
Book Value Per Share 2 20.70 19.60 20.60 32.20 29.80 28.10 27.20 31.30
Cash Flow per Share 2 4.390 4.790 4.750 18.40 12.30 11.20 4.940 9.570
Capex 1 101 219 436 606 1,101 1,081 674 607
Capex / Sales 9.82% 21.85% 36.68% 38.09% 61.46% 67.31% 32.37% 21.73%
Announcement Date 06/05/19 14/05/20 10/06/21 17/05/22 16/05/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
20.36 EUR
Average target price
33.43 EUR
Spread / Average Target
+64.19%
Consensus
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