Flughafen Wien AG

Recommendation

Hold

Price Target

€58.00

Upside

18.85%

Chart
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€48.80

(€0.10) (-0.20%)
Realtime-Data from 17.05.2024 19:43:59
Flughafen Wien AG is a renowned airport in Europe that offers a comprehensive range of services, including airport operations, baggage delivery, security services, infrastructure and commercial activities. The group comprises the three airports of Vienna, Malta and Kosice as well as the Austrian airport of Bad Vöslau. The three international airports of Vienna, Malta and Kosice recorded a total of 38.0 million passengers in 2023 (2022: 30.1 million passengers). Vienna Airport was frequented by 31.7 million passengers in the record year 2019 before the outbreak of the Covid pandemic (2023: 29.5 million). This puts Vienna in 17th place among European airports in terms of passenger numbers. The focus of connections served from Vienna is on inner-European routes (approx. 85% of total passengers). Vienna Airport serves as an important hub to destinations in Central and Eastern Europe. Attractive long-haul connections round off the profile. Vienna Airport benefits in particular from its large catchment area, which includes Austria as well as parts of the Czech Republic, Slovakia and Hungary. Vienna Airport is one of six Lufthansa hubs alongside Frankfurt, Munich, Berlin, Düsseldorf and Zurich. Last year, the home carrier Austrian Airlines achieved a market share of 47%, while the whole Lufthansa-group accounts for a little more than 51% of passengers.
Ticker
FLU AV
Market Cap
€4.09 B
Enterprise Value
€3.70 B
26 week avg vol.
3986
Primar Exchange
Vienna
IPO
2005
Sector
Logistics
Headquarters
Schwechat, AT
Employees
5074
Incorporated
1953
CEO
Mag. Julian Jäger
IFM
43.37%
State of Lower Austria
20.00%
City of Vienna
20.00%
Employee Foundation
10.00%
Free Float
6.63%
16.05.2024
Publication of Q1 report
05.06.2024
Annual General Meeting
13.06.2024
Dividend Payment
20.08.2024
Publication half yearly financial report
14.11.2024
Publication of Q3 report

KPIs in EUR

KPI20242025e2026e
Sales1.01 B1.06 B1.11 B
EBITDA416.65 M448.90 M469.50 M
EBIT274.30 M304.09 M320.68 M
EPS2.322.632.77
FCF144.81 M175.02 M189.78 M

Valuation

KPI20242025e2026e
EV / Sales3.66x3.43x3.26x
EV / EBITDA8.87x8.13x7.68x
EV / EBIT13.48x12.00x11.24x
Price / Earnings21.07x18.56x17.63x
EV / FCF25.53x20.85x19.00x

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