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AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) Intrinsic Value: Projected FCF : €-23.70 (As of Apr. 29, 2024)


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What is AT&S Austria Technologie & Systemtechnik AG Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), AT&S Austria Technologie & Systemtechnik AG's Intrinsic Value: Projected FCF is €-23.70. The stock price of AT&S Austria Technologie & Systemtechnik AG is €20.36. Therefore, AT&S Austria Technologie & Systemtechnik AG's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for AT&S Austria Technologie & Systemtechnik AG's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of AT&S Austria Technologie & Systemtechnik AG was 24.45. The lowest was 1.01. And the median was 2.41.

WBO:ATS's Price-to-Projected-FCF is not ranked *
in the Hardware industry.
Industry Median: 1.4
* Ranked among companies with meaningful Price-to-Projected-FCF only.

AT&S Austria Technologie & Systemtechnik AG Intrinsic Value: Projected FCF Historical Data

The historical data trend for AT&S Austria Technologie & Systemtechnik AG's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AT&S Austria Technologie & Systemtechnik AG Intrinsic Value: Projected FCF Chart

AT&S Austria Technologie & Systemtechnik AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.80 4.82 -5.23 8.43 -10.39

AT&S Austria Technologie & Systemtechnik AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.52 -10.39 -17.87 -16.35 -23.70

Competitive Comparison of AT&S Austria Technologie & Systemtechnik AG's Intrinsic Value: Projected FCF

For the Electronic Components subindustry, AT&S Austria Technologie & Systemtechnik AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AT&S Austria Technologie & Systemtechnik AG's Price-to-Projected-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AT&S Austria Technologie & Systemtechnik AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where AT&S Austria Technologie & Systemtechnik AG's Price-to-Projected-FCF falls into.



AT&S Austria Technologie & Systemtechnik AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get AT&S Austria Technologie & Systemtechnik AG's Free Cash Flow(6 year avg) = €-141.63.

AT&S Austria Technologie & Systemtechnik AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(12.184026879804*-141.63296+1006.01*0.8)/38.850
=-23.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AT&S Austria Technologie & Systemtechnik AG  (WBO:ATS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

AT&S Austria Technologie & Systemtechnik AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=20.36/-23.702748821267
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AT&S Austria Technologie & Systemtechnik AG Intrinsic Value: Projected FCF Related Terms

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AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) Business Description

Traded in Other Exchanges
Address
Fabriksgasse 13, Leoben-Hinterberg, AUT, 8700
AT&S Austria Technologie & Systemtechnik AG manufactures printed circuit boards and operates through three segments: Mobile Devices and Substrates; Automotive, Industrial and Medical; and Others. The products are manufactured in the European and Asian markets and are directly distributed to original equipment manufacturers as well as contract electronic manufacturers. It has a wide geographical reach with production facilities in Austria (Leoben and Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan, near Seoul). Majority of its revenues are derived from the Mobile Devices and Substrates segment, which is responsible for the production of printed circuit boards.
Executives
Günter Pint Supervisory Board
Dr. Georg Riedl Supervisory Board
Dr. Karin Schaupp Supervisory Board
Doktor Peter Schneider Board of Directors

AT&S Austria Technologie & Systemtechnik AG (WBO:ATS) Headlines