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Fraport

DB:FRA
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FRA
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Fraport has significant price volatility in the past 3 months.
FRA Share Price and Events
7 Day Returns
13.6%
DB:FRA
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-43%
DB:FRA
-42.7%
DE Infrastructure
-17.7%
DE Market
FRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fraport (FRA) 13.6% -33% -49.6% -43% -42.3% -31.5%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • FRA matched the Infrastructure industry (-42.7%) over the past year.
  • FRA underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
FRA
Industry
5yr Volatility vs Market

FRA Value

 Is Fraport 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 Fraport 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 Fraport.

DB:FRA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 1.8638270588235
Payout Ratio Company Filings (2019-12-31) 3639.2%
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:FRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 30%) (166.79%))
1.388
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.388 * 5.44%)
7.16%

Discounted Cash Flow Calculation for DB:FRA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Fraport is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:FRA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €1.86 / (7.16% - -0.39%)
€26.45
DB:FRA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FRA represents 1.03522x of XTRA:FRA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03522x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 24.69 x 1.03522
€25.55
Value per share (EUR) From above. €25.55
Current discount Discount to share price of €38.21
= -1 x (€38.21 - €25.55) / €25.55
-49.5%

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

  • The current share price of Fraport is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Fraport's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fraport's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €4.55
XTRA:FRA Share Price ** XTRA (2020-03-30) in EUR €36.91
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Fraport.

DB:FRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:FRA Share Price ÷ EPS (both in EUR)

= 36.91 ÷ 4.55

8.11x

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

  • Fraport is good value based on earnings compared to the Europe Infrastructure industry average.
  • Fraport is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fraport's expected growth come at a high price?
Raw Data
DB:FRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
2%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:FRA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.11x ÷ 2%

4.12x

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

  • Fraport is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fraport's assets?
Raw Data
DB:FRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €48.09
XTRA:FRA Share Price * XTRA (2020-03-30) in EUR €36.91
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:FRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:FRA Share Price ÷ Book Value per Share (both in EUR)

= 36.91 ÷ 48.09

0.77x

* Primary Listing of Fraport.

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

  • Fraport is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Fraport'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Fraport has a total score of 3/6, 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.

FRA Future Performance

 How is Fraport expected to perform in the next 1 to 3 years based on estimates from 17 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
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fraport expected to grow at an attractive rate?
  • Fraport's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Fraport's earnings growth is positive but not above the Germany market average.
  • Fraport's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FRA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FRA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 2%
DB:FRA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 0.7%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:FRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FRA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 3,778 1
2023-12-31 3,598 492 1
2022-12-31 3,741 1,143 383 6
2021-12-31 3,642 1,001 383 13
2020-12-31 2,987 740 239 9
2020-03-30
DB:FRA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 3,744 952 421
2019-09-30 3,822 943 508
2019-06-30 3,767 845 497
2019-03-31 3,637 851 481
2018-12-31 3,514 802 474
2018-09-30 3,288 759 366
2018-06-30 3,146 738 337
2018-03-31 3,061 773 335
2017-12-31 2,971 819 330
2017-09-30 2,894 794 468
2017-06-30 2,755 732 411
2017-03-31 2,643 619 380

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fraport's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Fraport's revenue is expected to grow by 0.7% 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
DB:FRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Fraport Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FRA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 5.28 5.85 4.72 2.00
2022-12-31 4.39 5.65 3.06 7.00
2021-12-31 4.04 5.87 1.40 14.00
2020-12-31 1.71 5.20 -1.22 11.00
2020-03-30
DB:FRA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 4.55
2019-09-30 5.50
2019-06-30 5.37
2019-03-31 5.21
2018-12-31 5.13
2018-09-30 3.96
2018-06-30 3.64
2018-03-31 3.61
2017-12-31 3.57
2017-09-30 5.07
2017-06-30 4.45
2017-03-31 4.05

*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.
  • Fraport is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fraport'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.
Fraport has a total score of 1/6, 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.

FRA Past Performance

  How has Fraport 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 Fraport's growth in the last year to its industry (Infrastructure).
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.
  • Fraport's year on year earnings growth rate has been positive over the past 5 years.
  • Fraport's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fraport's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Fraport'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 Fraport Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FRA 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 3,743.70 420.70 30.60
2019-09-30 3,821.60 507.80 35.00
2019-06-30 3,767.00 496.50 35.00
2019-03-31 3,636.70 481.30 35.00
2018-12-31 3,514.20 473.90 35.00
2018-09-30 3,287.50 365.90 34.60
2018-06-30 3,146.30 336.50 34.60
2018-03-31 3,060.60 335.20 34.60
2017-12-31 2,971.10 330.20 34.60
2017-09-30 2,893.80 467.60 33.50
2017-06-30 2,755.10 411.20 33.50
2017-03-31 2,642.90 380.00 33.50
2016-12-31 2,621.10 375.40 33.50
2016-09-30 2,624.00 249.60 33.40
2016-06-30 2,611.90 271.00 33.40
2016-03-31 2,624.60 280.10 33.40
2015-12-31 2,628.80 276.50 33.40
2015-09-30 2,595.00 274.30 34.90
2015-06-30 2,543.10 244.40 34.90
2015-03-31 2,479.50 238.10 34.90
2014-12-31 2,422.90 234.70 34.90
2014-09-30 2,399.60 223.40 35.60
2014-06-30 2,387.50 230.30 35.60
2014-03-31 2,396.10 222.40 35.60
2013-12-31 2,408.00 221.00 35.60
2013-09-30 2,424.20 211.00 43.20
2013-06-30 2,469.10 238.40 43.20
2013-03-31 2,476.80 228.30 43.20

*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.
  • Fraport has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fraport used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Fraport has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fraport'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 Infrastructure 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.
Fraport has a total score of 2/6, 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.

FRA Health

 How is Fraport'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 Fraport's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fraport's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fraport's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fraport'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 not covered by short term assets, assets are 0.2x 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 Fraport Company Filings, last reported 2 months ago.

DB:FRA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,623.20 5,370.20 869.20
2019-09-30 4,581.50 5,204.90 855.50
2019-06-30 4,329.20 5,247.30 797.50
2019-03-31 4,407.10 5,076.90 871.40
2018-12-31 4,368.00 4,780.20 914.60
2018-09-30 4,237.20 4,736.00 781.10
2018-06-30 4,012.30 4,694.40 624.60
2018-03-31 4,035.40 4,602.60 635.60
2017-12-31 4,028.70 4,629.40 727.60
2017-09-30 4,032.10 4,697.60 686.10
2017-06-30 3,842.30 4,552.10 555.30
2017-03-31 3,911.90 3,972.80 1,163.90
2016-12-31 3,841.40 3,681.10 888.70
2016-09-30 3,639.70 3,612.20 481.20
2016-06-30 3,493.80 3,821.10 423.70
2016-03-31 3,520.30 3,819.40 427.60
2015-12-31 3,511.70 3,930.90 619.30
2015-09-30 3,454.20 3,925.50 478.20
2015-06-30 3,300.90 4,050.10 397.80
2015-03-31 3,340.50 4,237.70 503.80
2014-12-31 3,286.00 4,345.80 600.40
2014-09-30 3,255.20 3,997.70 408.30
2014-06-30 3,100.50 4,114.40 365.40
2014-03-31 3,122.90 4,197.80 429.40
2013-12-31 3,098.80 4,392.20 790.90
2013-09-30 3,071.00 4,517.80 654.50
2013-06-30 2,942.90 4,604.30 658.50
2013-03-31 2,974.60 4,577.60 672.30
  • Fraport's level of debt (116.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (132.2% vs 116.2% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Fraport'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. Fraport has a total score of 2/6, 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.

FRA Dividends

 What is Fraport'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
5.42%
Current annual income from Fraport dividends. Estimated to be 5.05% next year.
If you bought €2,000 of Fraport shares you are expected to receive €108 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?
  • Fraport's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Fraport's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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
DB:FRA 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 17 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:FRA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 2.43 3.00
2022-12-31 1.98 9.00
2021-12-31 1.98 20.00
2020-12-31 1.59 19.00
2020-03-30
DB:FRA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-13 2.000 5.769
2019-03-19 2.000 2.784
2018-03-16 1.500 2.030
2017-04-24 1.500 1.827
2016-03-16 1.350 2.531
2015-05-29 1.350 2.410
2014-05-30 1.250 2.395
2013-05-31 1.250 2.396
2012-08-08 1.250 2.805
2012-03-19 1.250 2.798
2012-03-08 1.250 2.617
2011-06-01 1.250 2.714
2010-01-04 1.150 2.682
2009-05-27 1.150 3.451

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fraport's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Fraport's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Fraport afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fraport has a total score of 6/6, see the detailed checks below.


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

FRA Management

 What is the CEO of Fraport'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
Stefan Schulte
COMPENSATION €2,431,300
AGE 59
TENURE AS CEO 10.5 years
CEO Bio

Dr. Stefan Schulte has been the Chairman of Executive Board and Chief Executive Officer at Fraport AG since September 1, 2009 and has been its Member of the Executive Board since 2003. Dr. Schulte served as an Executive Director of Traffic & Terminal Management Airport Expansion at Fraport AG and served as its Vice Chairman of Executive Board from April 1, 2007 to September 1, 2009. He served as Head of Finance and Personnel at Deutz AG since January 1, 2001. He served as Chief Financial Officer of Fraport AG from April 15, 2003 to February 1, 2007 and served as its Head of Finance. From January 1, 2001 to 2003, Dr. Schulte served as a Member of the Executive Board of Deutz AG, where he was responsible for finance and human resources. He began his career in the corporate development department at Deutsche Bank AG. He served at Mannesmann Arcor as Head of the Controlling Division and Chief Financial Officer at Infostrada S.p.A. He serves as Chairman of the Supervisory Board: Finance - FIS Flug- und Industriesicherheit Serviceund Beratungs-GmbH - ICTS Europe Holdings B.V. Dr. Schulte served as the Chairman of DEUTZ UK Ltd London (UK), DEUTZ IBERIA S A Madrid (Spain), DEUTZ DITER S A Zafra (Spain), DEUTZ DITER COMPONENTES S A Zafra (Spain), DEUTZ Asia-Pacific (Pte) Ltd Singapore (Singapore) and DEUTZ B V Rotterdam (Netherlands) at Deutz AG. He served as Vice Member of the Administrative Board of Helaba Landesbank Hessen-Thüringen Girozentrale. He serves as Vice Chairman of the Board of Directors of Shanghai Frankfurt Airport Consulting Services Co., Ltd. He serves as a Member of the Advisory Council at DFS Deutsche Flugsicherung GmbH. He serves as a Member of corporate control bodies, Shanghai Frankfurt Airport Consulting Services Co., Ltd. He has been a Member of Supervisory Board at Deutsche Post AG since April 21, 2009. He was a Member of Supervisory Board at Helaba Landesbank Hessen-Thüringen Girozentrale until December 21, 2005. Dr. Schulte served as a Member of the Supervisory Board of DELVAG Luftfahrtversicherungs AG , DELVAG Rückversicherungs AG and Flughafen Frankfurt-Hahn GmbH. He holds a Doctorate degree and (Dr. rer. pol.) in 1991. He studied Business Administration at University of Cologne and Doctorate Degree in Business and Social Sciences.

CEO Compensation
  • Stefan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stefan's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

8.5
Average Tenure
58
Average Age
  • The average tenure for the Fraport management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stefan Schulte

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€2M
AGE
59
TENURE
10.5 yrs

Matthias Zieschang

TITLE
Executive Director of Finance & Controlling
COMPENSATION
€2M
AGE
58
TENURE
12.9 yrs

Michael Müller

TITLE
Executive Director of Labor Relations & Member of the Executive Board
COMPENSATION
€2M
AGE
62
TENURE
7.8 yrs

Anke Giesen

TITLE
Executive Director of Retail & Real Estate and Member of the Executive Board
COMPENSATION
€2M
AGE
56
TENURE
7.8 yrs

Pierre Prümm

TITLE
Executive Director of Aviation & Infrastructure and Member of Executive Board
COMPENSATION
€1M
AGE
46
TENURE
0.7 yrs

Ulrich Kipper

TITLE
Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board
COMPENSATION
€55K
AGE
58
TENURE
9.2 yrs

Alexander Zinell

TITLE
Head of Global Investments & Management

Christoph Nanke

TITLE
Senior VP
AGE
52

Jürgen Harrer

TITLE
Head of Corporate Communications

Karl-Heinz Dietrich

TITLE
Executive Vice President of Retail & Properties
Board of Directors Tenure

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

2.2
Average Tenure
66
Average Age
  • The average tenure for the Fraport board of directors is less than 3 years, this suggests a new board.
Board of Directors

Karlheinz Weimar

TITLE
Chairman of the Supervisory Board & Member of Economic Advisory Board
COMPENSATION
€130K
AGE
69
TENURE
16.3 yrs

Ronald Laubrock

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€84K
TENURE
2.2 yrs

Ulrich Kipper

TITLE
Senior EVP of Corporate Infrastructure Management & Member of Supervisory Board
COMPENSATION
€55K
AGE
58
TENURE
2.2 yrs

Lothar Klemm

TITLE
Member of the Supervisory Board
COMPENSATION
€85K

Margarete Haase

TITLE
Member of the Supervisory Board
COMPENSATION
€100K
AGE
66
TENURE
10.2 yrs

Wolfgang Kirsch

TITLE
Chairman of Economic Advisory Board
AGE
64
TENURE
1.2 yrs

Katharina Wesenick

TITLE
Member of the Supervisory Board
COMPENSATION
€51K
TENURE
2.2 yrs

Ralf Nagel

TITLE
Member of the Economic Advisory Board
COMPENSATION
€5K

Friedrich von Metzler

TITLE
Member of the Economic Advisory Board

Lutz Raettig

TITLE
Member of the Economic Advisory Board
AGE
76
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 Fraport'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. Fraport 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.

FRA News

Simply Wall St News

FRA Company Info

Description

Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. It operates in four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment operates landside and airside infrastructure, which covers the area of airport charges. The Retail & Real Estate segment engages in retail activities, including marketing of real estate and land. This segment also manages buildings and facilities, and parking and retail areas; and rents advertising space. The Ground Handling segment provides loading, baggage, and passenger services through airmail and luggage transport to freight handling. The International Activities & Services segment operates, maintains, develops, and expands airports and infrastructure facilities in Germany and internationally. This segment also offers integrated facility and corporate infrastructure management, information and telecommunication, and airport expansion south service units. Fraport AG was founded in 1924 and is headquartered in Frankfurt am Main, Germany.

Details
Name: Fraport AG
FRA
Exchange: DB
Founded: 1924
€3,410,164,322
92,391,339
Website: http://www.fraport.com
Address: Fraport AG
Frankfurt Airport Services Worldwide,
Frankfurt am Main,
Hessen, 60547,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA FRA Bearer Shares XETRA Trading Platform DE EUR 11. Jun 2001
OTCPK FPRU.F Bearer Shares Pink Sheets LLC US USD 11. Jun 2001
DB FRA Bearer Shares Deutsche Boerse AG DE EUR 11. Jun 2001
LSE 0O1R Bearer Shares London Stock Exchange GB EUR 11. Jun 2001
SWX FRA Bearer Shares SIX Swiss Exchange CH CHF 11. Jun 2001
WBAG FRA Bearer Shares Wiener Boerse AG AT EUR 11. Jun 2001
ETLX FRA Bearer Shares Eurotlx IT EUR 11. Jun 2001
BATS-CHIXE FRAD Bearer Shares BATS 'Chi-X Europe' GB EUR 11. Jun 2001
OTCPK FPRU.Y UNSPONSORD ADR Pink Sheets LLC US USD 18. Nov 2008
Number of employees
Current staff
Staff numbers
23,668
Fraport employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:59
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/13
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.