By Helgi Library - April 2, 2020
Strabag SE's total assets reached EUR 10,276 mil at the end of 2014, down 2.7% compared to the previous year. Curr...
By Helgi Library - April 2, 2020
Strabag SE's total assets reached EUR 10,276 mil at the end of 2014, down 2.7% compared to the previous year. Curr...
Profit Statement | 2012 | 2013 | 2014 | |
Sales | EUR mil | 12,983 | 12,394 | 12,476 |
Gross Profit | EUR mil | 4,328 | 4,190 | 4,312 |
EBITDA | EUR mil | 608 | 695 | 720 |
EBIT | EUR mil | 207 | 262 | 282 |
Financing Cost | EUR mil | 50.7 | 31.5 | 26.2 |
Pre-Tax Profit | EUR mil | 156 | 230 | 256 |
Net Profit | EUR mil | 60.6 | 114 | 128 |
Dividends | EUR mil | 20.8 | 37.7 | 57.6 |
Balance Sheet | 2012 | 2013 | 2014 | |
Total Assets | EUR mil | 10,138 | 10,561 | 10,276 |
Non-Current Assets | EUR mil | 4,546 | 4,416 | 4,506 |
Current Assets | EUR mil | 5,591 | 6,145 | 5,769 |
Working Capital | EUR mil | 843 | 867 | 593 |
Shareholders' Equity | EUR mil | 3,163 | 3,239 | 3,144 |
Liabilities | EUR mil | 6,975 | 7,322 | 7,131 |
Total Debt | EUR mil | 2,055 | 1,723 | 1,610 |
Net Debt | EUR mil | 693 | 10.7 | -314 |
Ratios | 2012 | 2013 | 2014 | |
ROE | % | 1.92 | 3.55 | 4.01 |
ROCE | % | 1.16 | 2.13 | 2.47 |
Gross Margin | % | 33.3 | 33.8 | 34.6 |
EBITDA Margin | % | 4.69 | 5.61 | 5.77 |
EBIT Margin | % | 1.60 | 2.11 | 2.26 |
Net Margin | % | 0.467 | 0.916 | 1.03 |
Net Debt/EBITDA | 1.14 | 0.015 | -0.436 | |
Net Debt/Equity | 0.219 | 0.003 | -0.100 | |
Cost of Financing | % | 2.42 | 1.67 | 1.57 |
Valuation | 2012 | 2013 | 2014 | |
Market Capitalisation | USD mil | 3,003 | 3,019 | 2,258 |
Enterprise Value (EV) | USD mil | 3,918 | 3,034 | 1,877 |
Number Of Shares | mil | 111 | 103 | 103 |
Share Price | EUR | 20.4 | 21.3 | 18.2 |
EV/EBITDA | 5.02 | 3.29 | 2.02 | |
EV/Sales | 0.235 | 0.184 | 0.117 | |
Price/Earnings (P/E) | 37.5 | 19.3 | 14.6 | |
Price/Book Value (P/BV) | 0.680 | 0.675 | 0.593 | |
Dividend Yield | % | 0.915 | 1.72 | 3.09 |
Get all company financials in excel:
summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
income statement | |||||||||||
Sales | EUR mil | 12,228 | 12,552 | 12,382 | 13,714 | 12,983 | |||||
Gross Profit | EUR mil | 3,734 | 4,105 | 4,163 | 4,484 | 4,328 | |||||
EBIT | EUR mil | 270 | 283 | 299 | 335 | 207 | |||||
Net Profit | EUR mil | 157 | 161 | 175 | 195 | 60.6 | |||||
ROE | % | 5.17 | 5.31 | 5.52 | 6.11 | 1.92 | |||||
EBIT Margin | % | 2.21 | 2.25 | 2.41 | 2.44 | 1.60 | |||||
Net Margin | % | 1.28 | 1.29 | 1.41 | 1.42 | 0.467 | |||||
Employees | 73,008 | 75,548 | 73,600 | 76,866 | 74,010 | ||||||
balance sheet | |||||||||||
Total Assets | EUR mil | 9,765 | 9,614 | 10,382 | 10,386 | 10,138 | |||||
Non-Current Assets | EUR mil | 4,294 | 4,300 | 4,345 | 4,534 | 4,546 | |||||
Current Assets | EUR mil | 5,471 | 5,313 | 6,037 | 5,852 | 5,591 | |||||
Shareholders' Equity | EUR mil | 2,979 | 3,099 | 3,232 | 3,150 | 3,163 | |||||
Liabilities | EUR mil | 6,786 | 6,515 | 7,150 | 7,236 | 6,975 | |||||
Non-Current Liabilities | EUR mil | 2,396 | 2,305 | 2,363 | 2,359 | 2,432 | |||||
Current Liabilities | EUR mil | 4,390 | 4,209 | 4,786 | 4,877 | 4,543 | |||||
Net Debt/EBITDA | 1.04 | 0.390 | 0.104 | 0.617 | 1.14 | ||||||
Net Debt/Equity | 0.227 | 0.086 | 0.024 | 0.146 | 0.219 | ||||||
Cost of Financing | % | ... | 2.85 | 0.960 | 0.991 | -0.413 | 2.42 | ||||
cash flow | |||||||||||
Total Cash From Operations | EUR mil | 690 | 1,115 | 690 | 501 | 269 | |||||
Total Cash From Investing | EUR mil | -1,046 | -437 | -524 | -616 | -447 | |||||
Total Cash From Financing | EUR mil | -96.9 | -386 | -20.2 | -81.7 | -176 | |||||
Net Change In Cash | EUR mil | -453 | 292 | 147 | -197 | -355 | |||||
valuation | |||||||||||
Market Capitalisation | USD mil | ... | ... | 2,571 | 3,382 | 3,101 | 3,267 | 3,003 | |||
Number Of Shares | mil | 114 | 114 | 114 | 114 | 111 | |||||
Share Price | EUR | ... | ... | 16.2 | 20.7 | 20.5 | 22.1 | 20.4 | |||
Earnings Per Share (EPS) | EUR | 1.38 | 1.42 | 1.53 | 1.71 | 0.544 | |||||
Book Value Per Share | EUR | 26.1 | 27.2 | 28.4 | 27.6 | 30.1 | |||||
Dividend Per Share | EUR | ... | ... | 0.550 | 0.500 | 0.550 | 0.586 | 0.187 | |||
Price/Earnings (P/E) | ... | ... | 11.8 | 14.6 | 13.4 | 12.9 | 37.5 | ||||
Price/Book Value (P/BV) | ... | ... | 0.620 | 0.761 | 0.723 | 0.800 | 0.680 | ||||
Dividend Yield | % | ... | ... | 3.40 | 2.42 | 2.68 | 2.65 | 0.915 | |||
Earnings Per Share Growth | % | ... | -32.9 | 2.83 | 8.30 | 11.5 | -68.2 | ||||
Book Value Per Share Growth | % | ... | -30.0 | 4.03 | 4.30 | -2.56 | 8.78 |
income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
income statement | |||||||||||
Sales | EUR mil | 12,228 | 12,552 | 12,382 | 13,714 | 12,983 | |||||
Cost of Goods & Services | EUR mil | 8,494 | 8,447 | 8,218 | 9,230 | 8,655 | |||||
Gross Profit | EUR mil | 3,734 | 4,105 | 4,163 | 4,484 | 4,328 | |||||
Staff Cost | EUR mil | 2,575 | 2,823 | 2,801 | 3,004 | 3,052 | |||||
Other Cost | EUR mil | 512 | 597 | 628 | 733 | 668 | |||||
EBITDA | EUR mil | 648 | 684 | 735 | 746 | 608 | |||||
Depreciation | EUR mil | 378 | 401 | 436 | 412 | 401 | |||||
EBIT | EUR mil | 270 | 283 | 299 | 335 | 207 | |||||
Financing Cost | EUR mil | 40.6 | 19.9 | 19.7 | -8.54 | 50.7 | |||||
Extraordinary Cost | EUR mil | 0 | 0 | 0 | < -0.001 | < 0.001 | |||||
Pre-Tax Profit | EUR mil | 229 | 263 | 279 | 343 | 156 | |||||
Tax | EUR mil | 62.9 | 78.4 | 90.9 | 104 | 46.4 | |||||
Minorities | EUR mil | 9.34 | 23.2 | 13.5 | 44.3 | 49.4 | |||||
Net Profit | EUR mil | 157 | 161 | 175 | 195 | 60.6 | |||||
Dividends | EUR mil | ... | ... | 62.7 | 57.0 | 62.7 | 66.9 | 20.8 | |||
growth rates | |||||||||||
Total Revenue Growth | % | ... | 23.8 | 2.65 | -1.36 | 10.8 | -5.33 | ||||
Operating Cost Growth | % | ... | 20.9 | 10.8 | 0.225 | 9.01 | -0.470 | ||||
EBITDA Growth | % | ... | 8.70 | 5.64 | 7.37 | 1.58 | -18.5 | ||||
EBIT Growth | % | ... | -13.6 | 4.81 | 5.69 | 12.0 | -38.1 | ||||
Pre-Tax Profit Growth | % | ... | -17.0 | 14.7 | 6.20 | 22.9 | -54.4 | ||||
Net Profit Growth | % | ... | -7.76 | 2.83 | 8.30 | 11.5 | -68.9 | ||||
ratios | |||||||||||
ROE | % | 5.17 | 5.31 | 5.52 | 6.11 | 1.92 | |||||
ROCE | % | ... | 3.85 | 3.31 | 3.78 | 4.06 | 1.16 | ||||
Gross Margin | % | 30.5 | 32.7 | 33.6 | 32.7 | 33.3 | |||||
EBITDA Margin | % | 5.30 | 5.45 | 5.93 | 5.44 | 4.69 | |||||
EBIT Margin | % | 2.21 | 2.25 | 2.41 | 2.44 | 1.60 | |||||
Net Margin | % | 1.28 | 1.29 | 1.41 | 1.42 | 0.467 | |||||
Payout Ratio | % | ... | ... | 39.9 | 35.3 | 35.9 | 34.3 | 34.3 | |||
Cost of Financing | % | ... | 2.85 | 0.960 | 0.991 | -0.413 | 2.42 | ||||
Net Debt/EBITDA | 1.04 | 0.390 | 0.104 | 0.617 | 1.14 |
balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
balance sheet | |||||||||||
Non-Current Assets | EUR mil | 4,294 | 4,300 | 4,345 | 4,534 | 4,546 | |||||
Property, Plant & Equipment | EUR mil | 2,045 | 2,146 | 2,102 | 2,154 | 2,226 | |||||
Intangible Assets | EUR mil | 463 | 496 | 536 | 537 | 530 | |||||
Current Assets | EUR mil | 5,471 | 5,313 | 6,037 | 5,852 | 5,591 | |||||
Inventories | EUR mil | 674 | 656 | 706 | 818 | 1,032 | |||||
Receivables | EUR mil | 2,836 | 2,402 | 2,549 | 2,630 | 2,535 | |||||
Cash & Cash Equivalents | EUR mil | 1,491 | 1,709 | 1,918 | 1,680 | 1,362 | |||||
Total Assets | EUR mil | 9,765 | 9,614 | 10,382 | 10,386 | 10,138 | |||||
Shareholders' Equity | EUR mil | 2,979 | 3,099 | 3,232 | 3,150 | 3,163 | |||||
Of Which Minority Interest | EUR mil | 141 | 149 | 141 | 211 | 301 | |||||
Liabilities | EUR mil | 6,786 | 6,515 | 7,150 | 7,236 | 6,975 | |||||
Non-Current Liabilities | EUR mil | 2,396 | 2,305 | 2,363 | 2,359 | 2,432 | |||||
Long-Term Debt | EUR mil | 1,448 | 1,343 | 1,342 | 1,325 | 1,299 | |||||
Deferred Tax Liabilities | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Current Liabilities | EUR mil | 4,390 | 4,209 | 4,786 | 4,877 | 4,543 | |||||
Short-Term Debt | EUR mil | 718 | 633 | 652 | 816 | 756 | |||||
Trade Payables | EUR mil | 2,765 | 2,635 | 3,068 | 2,910 | 2,724 | |||||
Provisions | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Equity And Liabilities | EUR mil | 9,765 | 9,614 | 10,382 | 10,386 | 10,138 | |||||
growth rates | |||||||||||
Total Asset Growth | % | ... | 26.2 | -1.55 | 7.99 | 0.038 | -2.39 | ||||
Shareholders' Equity Growth | % | ... | -3.79 | 4.03 | 4.30 | -2.56 | 0.403 | ||||
Net Debt Growth | % | ... | -155 | -60.5 | -71.4 | 503 | 50.5 | ||||
Total Debt Growth | % | ... | 217 | -8.81 | 0.943 | 7.31 | -3.96 | ||||
ratios | |||||||||||
Total Debt | EUR mil | 2,167 | 1,976 | 1,994 | 2,140 | 2,055 | |||||
Net Debt | EUR mil | 675 | 267 | 76.4 | 460 | 693 | |||||
Working Capital | EUR mil | 745 | 422 | 187 | 538 | 843 | |||||
Capital Employed | EUR mil | 5,040 | 4,723 | 4,532 | 5,072 | 5,389 | |||||
Net Debt/Equity | 0.227 | 0.086 | 0.024 | 0.146 | 0.219 | ||||||
Cost of Financing | % | ... | 2.85 | 0.960 | 0.991 | -0.413 | 2.42 |
cash flow | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
cash flow | |||||||||||
Net Profit | EUR mil | 157 | 161 | 175 | 195 | 60.6 | |||||
Depreciation | EUR mil | 378 | 401 | 436 | 412 | 401 | |||||
Non-Cash Items | EUR mil | ... | 251 | 229 | -155 | 246 | 112 | ||||
Change in Working Capital | EUR mil | ... | -95.6 | 323 | 235 | -351 | -305 | ||||
Total Cash From Operations | EUR mil | 690 | 1,115 | 690 | 501 | 269 | |||||
Capital Expenditures | EUR mil | -877 | -509 | -554 | -477 | -458 | |||||
Other Investments | EUR mil | -170 | 71.5 | 30.3 | -139 | 11.1 | |||||
Total Cash From Investing | EUR mil | -1,046 | -437 | -524 | -616 | -447 | |||||
Dividends Paid | EUR mil | ... | ... | -62.7 | -57.0 | -62.7 | -66.9 | -20.8 | |||
Issuance Of Shares | EUR mil | 0 | 0 | 0 | -185 | -42.9 | ... | ... | |||
Issuance Of Debt | EUR mil | ... | 1,483 | -191 | 18.6 | 146 | -84.8 | ||||
Total Cash From Financing | EUR mil | -96.9 | -386 | -20.2 | -81.7 | -176 | |||||
Net Change In Cash | EUR mil | -453 | 292 | 147 | -197 | -355 | |||||
ratios | |||||||||||
Days Sales Outstanding | days | 84.7 | 69.8 | 75.1 | 70.0 | 71.3 | |||||
Days Sales Of Inventory | days | 29.0 | 28.3 | 31.3 | 32.4 | 43.5 | |||||
Days Payable Outstanding | days | 119 | 114 | 136 | 115 | 115 | |||||
Cash Conversion Cycle | days | -5.19 | -15.7 | -29.8 | -12.7 | -0.098 | |||||
Cash Earnings | EUR mil | 535 | 563 | 611 | 607 | 462 | |||||
Cash Earnings Per Share | EUR | 4.69 | 4.94 | 5.36 | 5.32 | 4.14 | |||||
Price/Cash Earnings (P/CE) | ... | ... | 3.45 | 4.19 | 3.83 | 4.16 | 4.93 | ||||
Free Cash Flow | EUR mil | -356 | 678 | 167 | -115 | -178 | |||||
Free Cash Flow Yield | % | ... | ... | -20.3 | 27.9 | 7.12 | -4.89 | -7.63 |
other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
other data | |||||||||||
ROA | % | 1.79 | 1.67 | 1.75 | 1.88 | 0.591 | |||||
Gross Margin | % | 30.5 | 32.7 | 33.6 | 32.7 | 33.3 | |||||
Employees | 73,008 | 75,548 | 73,600 | 76,866 | 74,010 | ||||||
Cost Per Employee | USD per month | 4,299 | 4,332 | 4,196 | 4,529 | 4,412 | |||||
Cost Per Employee (Local Currency) | EUR per month | 2,939 | 3,114 | 3,171 | 3,257 | 3,436 | |||||
Staff Cost (As % Of Total Cost) | % | 21.5 | 23.0 | 23.2 | 22.5 | 23.9 | |||||
Effective Tax Rate | % | 27.4 | 29.8 | 32.5 | 30.3 | 29.7 | |||||
Enterprise Value (EV) | USD mil | ... | ... | 3,510 | 3,764 | 3,202 | 3,864 | 3,918 | |||
EV/EBITDA | ... | ... | 3.70 | 3.96 | 3.29 | 3.72 | 5.02 | ||||
EV/Capital Employed | ... | ... | 0.500 | 0.556 | 0.533 | 0.588 | 0.551 | ||||
EV/Sales | ... | ... | 0.196 | 0.216 | 0.195 | 0.203 | 0.235 | ||||
EV/EBIT | ... | ... | 8.89 | 9.57 | 8.10 | 8.30 | 14.7 | ||||
Capital Expenditures (As % of Sales) | % | 7.17 | 4.05 | 4.47 | 3.48 | 3.53 | |||||
Sales from North & West Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Sales from South & East Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Sales from Int. & Special Divisions Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Sales from Other Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
EBIT from North & West Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
EBIT from South & East Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
EBIT from Int. & Special Divisions Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
EBIT from Other Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Employees - North & West Segment | ... | ... | ... | ... | ... | ... | ... | ... | |||
Employees- South & East Segment | ... | ... | ... | ... | ... | ... | ... | ... | |||
Employees - Int. & Special Divisions Segment | ... | ... | ... | ... | ... | ... | ... | ... | |||
Employees - Other Segment | ... | ... | ... | ... | ... | ... | ... | ... | |||
Output volume from North & West Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Output volume from South & East Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Output volume from International & Special Divisions Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Output volume from Other Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Order backlog from North & West Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Order backlog from South & East Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Order backlog from International & Special Divisions Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
Order backlog from Other Segment | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
Strabag SE is an Austria-based construction company. The Company provides civil engineering, building and road construction, project development, tunneling and other services. The Company generates three fourths of its output volume in markets in which it holds one of the top three market positions: Austria, Germany, Hungary, Slovakia, Poland, Romania and Croatia. The Group offers its services under several brands, including Strabag and Züblin. The services span all areas of the construction industry and cover the entire construction value chain
Strabag SE has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 1.02% a year during that time to total of EUR 720 mil in 2014, or 5.77% of sales. That’s compared to 5.49% average margin seen in last five years.
The company netted EUR 128 mil in 2014 implying ROE of 4.01% and ROCE of 2.47%. Again, the average figures were 4.22% and 2.72%, respectively when looking at the previous 5 years.
Strabag SE’s net debt amounted to EUR -314 mil at the end of 2014, or -0.100 of equity. When compared to EBITDA, net debt was -0.436x, down when compared to average of 0.288x seen in the last 5 years.
Strabag SE stock traded at EUR 18.2 per share at the end of 2014 resulting in a market capitalization of USD 2,258 mil. Over the previous five years, stock price fell by 12.2% or -2.56% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 2.02x and price to earnings (PE) of 14.6x as of 2014.