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FACC

WBAG:FACC
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FACC
WBAG
€366M
Market Cap
  1. Home
  2. AT
  3. Capital Goods
Company description

FACC AG, together with its subsidiaries, develops, produces, and maintains aircraft components and systems worldwide. The last earnings update was 14 days ago. More info.


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  • FACC has significant price volatility in the past 3 months.
FACC Share Price and Events
7 Day Returns
7.1%
WBAG:FACC
-1.9%
Europe Aerospace & Defense
8.8%
AT Market
1 Year Returns
-41.8%
WBAG:FACC
-36.9%
Europe Aerospace & Defense
-26.7%
AT Market
FACC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FACC (FACC) 7.1% -4.1% -33.1% -41.8% 23.6% 7.8%
Europe Aerospace & Defense -1.9% -30.2% -43.3% -36.9% -17.3% -5.6%
AT Market 8.8% -10.8% -27.6% -26.7% -18.2% -9%
1 Year Return vs Industry and Market
  • FACC underperformed the Aerospace & Defense industry which returned -36.9% over the past year.
  • FACC underperformed the Market in Austria which returned -26.7% over the past year.
Price Volatility
FACC
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for FACC's competitors could be found in our database.

Value

 Is FACC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FACC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FACC.

WBAG:FACC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AT Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:FACC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.9%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.849 (1 + (1- 25%) (78.9%))
1.235
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.12% + (1.235 * 5.94%)
7.22%

Discounted Cash Flow Calculation for WBAG:FACC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FACC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

WBAG:FACC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.22%)
2020 24.40 Analyst x2 22.76
2021 19.95 Analyst x2 17.35
2022 26.90 Analyst x2 21.82
2023 26.70 Analyst x2 20.20
2024 50.35 Analyst x2 35.53
2025 56.00 Analyst x1 36.86
2026 60.92 Est @ 8.79% 37.40
2027 64.65 Est @ 6.12% 37.02
2028 67.40 Est @ 4.25% 35.99
2029 69.37 Est @ 2.94% 34.55
Present value of next 10 years cash flows €299.00
WBAG:FACC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €69.37 × (1 + -0.12%) ÷ (7.22% – -0.12%)
€944.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €944.20 ÷ (1 + 7.22%)10
€470.28
WBAG:FACC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €299.00 + €470.28
€769.28
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €769.28 / 45.79
€16.8
WBAG:FACC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €16.80
Current discount Discount to share price of €8.00
= -1 x (€8.00 - €16.80) / €16.80
52.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price FACC is available for.
Intrinsic value
>50%
Share price is €8 vs Future cash flow value of €16.8
Current Discount Checks
For FACC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FACC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FACC's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FACC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FACC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:FACC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.55
WBAG:FACC Share Price ** WBAG (2020-04-08) in EUR €8
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 14x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 11.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FACC.

WBAG:FACC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:FACC Share Price ÷ EPS (both in EUR)

= 8 ÷ 0.55

14.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FACC is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • FACC is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does FACC's expected growth come at a high price?
Raw Data
WBAG:FACC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
17.7%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 1.38x
Austria Market PEG Ratio Median Figure of 34 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

WBAG:FACC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.49x ÷ 17.7%

0.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FACC is good value based on expected growth next year.
Price based on value of assets
What value do investors place on FACC's assets?
Raw Data
WBAG:FACC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €6.90
WBAG:FACC Share Price * WBAG (2020-04-08) in EUR €8
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.46x
Austria Market PB Ratio Median Figure of 62 Publicly-Listed Companies 0.95x
WBAG:FACC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:FACC Share Price ÷ Book Value per Share (both in EUR)

= 8 ÷ 6.90

1.16x

* Primary Listing of FACC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FACC is good value based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess FACC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. FACC has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is FACC expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FACC expected to grow at an attractive rate?
  • FACC's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • FACC's earnings growth is expected to exceed the Austria market average.
  • FACC's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:FACC Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:FACC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 17.7%
WBAG:FACC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.6%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 11%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:FACC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:FACC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-02-28 1,091 1
2024-12-31 1,080 1
2024-02-29 1,090 60 2
2023-12-31 1,028 1
2023-02-28 903 48 44 2
2022-12-31 816 38 12 2
2022-02-28 838 47 33 2
2021-12-31 792 63 42 3
2021-02-28 775 42 20 2
2020-12-31 738 38 35 3
2020-04-08
2020-02-29 737 48 21 2
WBAG:FACC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 798 57 25
2019-11-30 792 29 13
2019-08-31 788 50 20
2019-05-31 786 47 21
2019-02-28 782 63 30
2018-11-30 769 72 29
2018-08-31 756 70 37
2018-05-31 753 76 42
2018-02-28 748 63 37
2017-11-30 755 92 55
2017-08-31 743 67 37
2017-05-31 735 54 24
2017-02-28 717 20 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FACC's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).
  • FACC's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:FACC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from FACC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:FACC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-02-28
2024-12-31
2024-02-29 1.30 1.30 1.30 1.00
2023-12-31
2023-02-28 0.96 1.23 0.69 2.00
2022-12-31 0.26 0.26 0.26 1.00
2022-02-28 0.73 1.15 0.31 2.00
2021-12-31 0.93 1.07 0.79 2.00
2021-02-28 0.44 1.00 -0.12 2.00
2020-12-31 0.76 0.90 0.62 2.00
2020-04-08
2020-02-29 0.46 0.46 0.46 1.00
WBAG:FACC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.55
2019-11-30 0.29
2019-08-31 0.43
2019-05-31 0.45
2019-02-28 0.66
2018-11-30 0.63
2018-08-31 0.81
2018-05-31 0.92
2018-02-28 0.81
2017-11-30 1.19
2017-08-31 0.78
2017-05-31 0.47
2017-02-28 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • FACC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FACC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FACC has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has FACC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FACC's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FACC has delivered over 20% year on year earnings growth in the past 5 years.
  • FACC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FACC's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
FACC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FACC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:FACC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 798.04 25.27 50.36 1.08
2019-11-30 792.29 13.49 42.94 1.78
2019-08-31 787.54 19.82 44.85 2.12
2019-05-31 785.69 20.67 41.51 2.27
2019-02-28 781.55 30.32 36.33 2.46
2018-11-30 768.91 28.93 45.40 2.58
2018-08-31 756.26 37.22 41.10 2.79
2018-05-31 752.86 41.83 40.88 3.13
2018-02-28 747.58 36.99 44.95 3.39
2017-11-30 754.65 54.56 77.10 2.30
2017-08-31 742.93 36.86 114.42 1.58
2017-05-31 735.26 24.15 145.41 0.83
2017-02-28 716.84 15.23 178.78
2016-11-30 682.76 -58.03 177.57
2016-08-31 651.33 -58.71 171.99
2016-05-31 622.16 -53.46 166.95
2016-02-29 599.00 -52.27 164.04
2015-11-30 596.23 10.75 160.13
2015-08-31 585.01 8.52 160.72
2015-05-31 566.61 -2.61 163.46
2015-02-28 547.68 -9.59 162.26
2014-11-30 579.01 9.13 160.64
2014-08-31 567.37 9.07 157.43
2014-05-31 565.66 24.42 147.92
2014-02-28 557.14 28.88 142.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • FACC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FACC used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • FACC has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess FACC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FACC has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is FACC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FACC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FACC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FACC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FACC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FACC Company Filings, last reported 3 months ago.

WBAG:FACC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 316.13 229.67 75.92
2019-11-30 307.11 250.12 68.55
2019-08-31 300.65 260.21 96.72
2019-05-31 304.20 273.31 89.10
2019-02-28 298.97 250.71 90.10
2018-11-30 294.24 255.08 65.35
2018-08-31 282.64 255.29 77.51
2018-05-31 285.42 242.99 63.69
2018-02-28 323.09 224.45 63.79
2017-11-30 325.60 246.40 56.99
2017-08-31 306.65 252.46 61.80
2017-05-31 300.72 259.37 66.70
2017-02-28 269.69 229.84 49.05
2016-11-30 314.44 261.08 20.36
2016-08-31 311.81 257.93 37.54
2016-05-31 310.05 242.46
2016-02-29 267.11 213.70 56.22
2015-11-30 325.55 262.52 76.55
2015-08-31 324.86 217.16 64.27
2015-05-31 314.86 254.77 112.59
2015-02-28 314.91 203.88 110.96
2014-11-30 326.12 232.60 51.93
2014-08-31 330.47 227.24 90.65
2014-05-31 199.58 257.26 52.00
2014-02-28 224.83 191.24 51.01
  • FACC's level of debt (72.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (65% vs 72.7% today).
  • Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess FACC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FACC has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is FACC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.88%
Current annual income from FACC dividends. Estimated to be 2.72% next year.
If you bought €2,000 of FACC shares you are expected to receive €38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FACC's pays a lower dividend yield than the bottom 25% of dividend payers in Austria (1.88%).
  • FACC's dividend is below the markets top 25% of dividend payers in Austria (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:FACC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.1%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.4%
Austria Bottom 25% Dividend Yield 25th Percentile 1.9%
Austria Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:FACC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2025-02-28
2024-12-31
2024-02-29 0.39 1.00
2023-12-31
2023-02-28 0.33 2.00
2022-12-31 0.30 1.00
2022-02-28 0.31 2.00
2021-12-31 0.13 3.00
2021-02-28 0.13 2.00
2020-12-31 0.00 1.00
2020-04-08
2020-02-29 0.00 1.00
WBAG:FACC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.150 1.908
2019-05-22 0.150 1.378
2018-05-15 0.110 0.691

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, FACC has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but FACC only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of FACC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess FACC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FACC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FACC has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of FACC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Machtlinger
COMPENSATION €822,000
AGE 52
TENURE AS CEO 3.3 years
CEO Bio

Mr. Robert Machtlinger has been Chief Executive Officer of FACC AG since February 2017 and serves as its Chairman of Management Board. Mr. Machtlinger and has been Member of Executive Board of FACC AG since 2014. Mr. Machtlinger has been the Chief Operating Officer of FACC Operations GmbH (formerly known as FACC AG) since October 1, 2011 and serves as its Chief Technical Officer. Mr. Machtlinger has been Member of Management Board at FACC Operations GmbH since May 21,2014. Mr. Machtlinger has been working for FACC since 1988, where he has held various management positions during his professional career. Mr. Machtlinger served as the Chief Operating Officer of FACC AG. In 1990, he moved to international program management, sales and marketing. He served as Interim Chief Executive Officer of FACC AG since May 24, 2016 until February 2017. From 1998 to 2000, he was responsible for FACC's business development including interiors, aerostructures and engine nacelles. In 2000, he was assigned the position of Vice President of Aerostructures and seven years later he became the Executive Vice President at Aerostructures. Before joining FACC, Mr. Machtlinger gained experience in engineering and business administration comprising design engineering for special equipment, manufacturing engineering and international program management at Fischer Ski & Tennis. From his professional background, he is specifically educated in CAD, CAD/CAM engineering, design engineering and manufacturing engineering & business practices.

CEO Compensation
  • Robert's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Robert's remuneration is lower than average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the FACC management team in years:

3.4
Average Tenure
52.5
Average Age
  • The tenure for the FACC management team is about average.
Management Team

Robert Machtlinger

TITLE
Chairman of Management Board & CEO
COMPENSATION
€822K
AGE
52
TENURE
3.3 yrs

Aleš Stárek

TITLE
CFO & Member of Management Board
COMPENSATION
€489K
AGE
49
TENURE
3.5 yrs

Yongsheng Wang

TITLE
Chief Compliance Officer & Member of Management Board
COMPENSATION
€340K
AGE
56
TENURE
4.2 yrs

Andreas Ockel

TITLE
COO & Member of Management Board
COMPENSATION
€574K
AGE
53
TENURE
2.4 yrs

Manuel Taverne

TITLE
Director of Investor Relations

Hermann Filsegger

TITLE
Head of Design Organization
Board of Directors Tenure

Average tenure and age of the FACC board of directors in years:

5.1
Average Tenure
56
Average Age
  • The tenure for the FACC board of directors is about average.
Board of Directors

Zhen Pang

TITLE
Chairman of Supervisory Board
COMPENSATION
€2K
AGE
55
TENURE
0.3 yrs

Ruguang Geng

TITLE
Member of Supervisory Board
COMPENSATION
€40K
AGE
62
TENURE
6.3 yrs

Jiajia Dai

TITLE
Member of Supervisory Board
AGE
41
TENURE
1.1 yrs

Jing Guo

TITLE
Member of Supervisory Board
COMPENSATION
€2K
AGE
38
TENURE
1.8 yrs

Weixi Gong

TITLE
Independent Member of Supervisory Board
COMPENSATION
€27K
AGE
57
TENURE
5.9 yrs

Ulrike Reiter

TITLE
Employee Representative Member of Supervisory Board
AGE
59
TENURE
5.9 yrs

Barbara Huber

TITLE
Employee Representative Member of Supervisory Board
AGE
54
TENURE
5.9 yrs

Peter Krohe

TITLE
Employee Representative Member of Supervisory Board
AGE
64
TENURE
5.9 yrs

George Maffeo

TITLE
Member of Supervisory Board
COMPENSATION
€27K
AGE
65
TENURE
4.3 yrs

Karin Klee

TITLE
Employee Representative Member of Supervisory Board
AGE
38
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess FACC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FACC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Investors Undervaluing FACC AG (VIE:FACC) By 33%?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €15.2m €23.5m €37.9m €46.4m €52.5m €57.1m €60.7m €63.5m €65.7m €67.3m Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x4 Analyst x3 Analyst x3 Est @ 8.82% Est @ 6.33% Est @ 4.58% Est @ 3.36% Est @ 2.51% Present Value (€, Millions) Discounted @ 8.32% €14.0 €20.0 €29.8 €33.7 €35.2 €35.4 €34.7 €33.5 €32.0 €30.3 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €298.7m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €67m × (1 + 0.5%) ÷ (8.3% – 0.5%) = €867m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€867m ÷ ( 1 + 8.3%)10 = €389.88m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €688.53m. … WBAG:FACC Intrinsic value, August 22nd 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Should We Be Cautious About FACC AG's (VIE:FACC) ROE Of 6.8%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for FACC: 6.8% = €21m ÷ €304m (Based on the trailing twelve months to May 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining FACC's Debt And Its 6.8% Return On Equity Although FACC does use debt, its debt to equity ratio of 0.90 is still low.

Simply Wall St -

Should You Worry About FACC AG's (VIE:FACC) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … See our latest analysis for FACC How Does Robert Machtlinger's Compensation Compare With Similar Sized Companies? … According to our data, FACC AG has a market capitalization of €504m, and pays its CEO total annual compensation worth €822k.

Simply Wall St -

Interested In FACC AG (VIE:FACC)’s Upcoming 1.5% Dividend? You Have 2 Days Left

Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. … Earnings per share are down meaningfully, although at least the company is paying out a low and conservative percentage of both its earnings and cash flow. … See what the four analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.

Simply Wall St -

Here's How We Evaluate FACC AG's (VIE:FACC) Dividend

Is FACC AG (VIE:FACC) a good dividend stock? … It's positive to see that FACC's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. … Earnings per share are down, and to our mind FACC has not been paying a dividend long enough to demonstrate its resilience across economic cycles.

Simply Wall St -

FACC (VIE:FACC) Has A Somewhat Strained Balance Sheet

We note that FACC AG (VIE:FACC) does have debt on its balance sheet. … Either way, since FACC does have more debt than cash, it's worth keeping an eye on its balance sheet. … FACC's debt is only 2.74 times its EBITDA, and its EBIT cover its interest expense 5.30 times over.

Simply Wall St -

Did Business Growth Power FACC's (VIE:FACC) Share Price Gain of 185%?

It might be of some concern to shareholders to see the FACC AG (VIE:FACC) share price down 14% in the last month. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … WBAG:FACC Past and Future Earnings, June 19th 2019 It is of course excellent to see how FACC has grown profits over the years, but the future is more important for shareholders.

Simply Wall St -

Do FACC AG’s (VIE:FACC) Returns On Capital Employed Make The Cut?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for FACC: 0.10 = €51m ÷ (€726m - €241m) (Based on the trailing twelve months to February 2019.) So, FACC has an ROCE of 11%. … FACC has a middling amount of current liabilities, increasing its ROCE somewhat. … The Bottom Line On FACC's ROCE While its ROCE looks good, it's worth remembering that the current liabilities are making the business look better.

Simply Wall St -

FACC AG (VIE:FACC): What Does The Future Look Like?

See our latest analysis for FACC What can we expect from FACC in the longer term? … To get an idea of the overall earnings growth trend for FACC, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. … WBAG:FACC Past and Future Earnings, May 27th 2019 From the current net income level of €30m and the final forecast of €64m by 2022, the annual rate of growth for FACC’s earnings is 23%.

Simply Wall St -

Is There An Opportunity With FACC AG's (VIE:FACC) 22% Undervaluation?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of FACC AG (VIE:FACC) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €20.30 €23.90 €40.03 €40.00 €41.65 €56.75 €64.05 €69.91 €74.49 €78.03 Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x3 Analyst x2 Analyst x2 Analyst x2 Est @ 12.86% Est @ 9.15% Est @ 6.56% Est @ 4.74% Present Value (€, Millions) Discounted @ 7.85% €18.82 €20.55 €31.91 €29.56 €28.54 €36.05 €37.72 €38.18 €37.72 €36.63 Present Value of 10-year Cash Flow (PVCF)= €315.68m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €78m × (1 + 0.5%) ÷ (7.9% – 0.5%) = €1.1b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€1.1b ÷ ( 1 + 7.9%)10 = €501.32m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €817.00m.

Simply Wall St -

Company Info

Description

FACC AG, together with its subsidiaries, develops, produces, and maintains aircraft components and systems worldwide. It operates in three segments: Aerostructures, Engines & Nacelles, and Cabin Interiors. The Aerostructures segment develops, produces, distributes, and repairs structural components. This segment offers control surfaces, such as ailerons, elevators, flaps, rudders, and spoilers and airbrakes; fairings comprising flap track fairings, edge panels, pylon fairings, and wing-to-body fairings; and wing components, including access doors, bathtub panels, flap ribs, ram air inlets, wing boxes and panels, and winglets. The Engines & Nacelles segment provides engine and nacelle components. The Cabin Interiors segment develops, produces, distributes, and repairs cabin interiors to the commercial aircraft, business jets/private jets, freighters, and helicopters. The company also provides design, engineering, and customer and repair services. The company serves aircraft and engine manufacturers. The company was founded in 1981 and is headquartered in Ried im Innkreis, Austria. FACC AG is a subsidiary of AVIC Cabin Systems Co. Limited.

Details
Name: FACC AG
FACC
Exchange: WBAG
Founded: 1981
€366,320,000
45,790,000
Website: http://www.facc.com
Address: FACC AG
Fischerstrasse 9,
Ried im Innkreis,
Upper Austria, 4910,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG FACC Bearer Shares Wiener Boerse AG AT EUR 25. Jun 2014
DB 1FC Bearer Shares Deutsche Boerse AG DE EUR 25. Jun 2014
XTRA 1FC Bearer Shares XETRA Trading Platform DE EUR 25. Jun 2014
LSE 0QW9 Bearer Shares London Stock Exchange GB EUR 25. Jun 2014
BRSE 1FC Bearer Shares Berne Stock Exchange CH CHF 25. Jun 2014
SEP FACC Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 25. Jun 2014
ETLX 1FC Bearer Shares Eurotlx IT EUR 25. Jun 2014
BATS-CHIXE FACCV Bearer Shares BATS 'Chi-X Europe' GB EUR 25. Jun 2014
Number of employees
Current staff
Staff numbers
3,371
FACC employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:57
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.