(ATS) AT & S Austria Technologie - VI
Sector: Technology | Industry: Electronic Components | Exchange: VI (Austria) | Market Cap: 8.780m EUR | Total Return: 1263.6% in 12m
Avg Turnover: 33.9M
Qual. Beats: 0
Rev. Trend: -45.7%
Qual. Beats: 0
Warnings
Interest Coverage Ratio 0.7 is critical
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ATS) is an Austria-based manufacturer specializing in high-end printed circuit boards (PCBs) and integrated circuit (IC) substrates. The company serves a diverse range of industries, including automotive, industrial, medical, and aerospace, as well as the semiconductor and communications sectors. Its business model relies on high-density interconnect (HDI) technology and advanced substrate solutions essential for miniaturization in modern electronics.
The company operates through three primary segments: Electronics Solutions, Microelectronics, and Others. Beyond physical manufacturing, ATS provides technical services such as hardware development, thermal management simulation, and failure analysis. IC substrates, a core part of the ATS portfolio, act as the critical interface between silicon chips and PCBs, a segment currently driven by the increasing demand for high-performance computing and artificial intelligence applications.
For a more detailed breakdown of the company’s financial health and valuation metrics, consider exploring the data available on ValueRay.
Headquartered in Leoben, ATS maintains a global footprint with significant production and distribution operations across Europe, Asia, and the Americas. The firm distributes its products directly to original equipment manufacturers (OEMs) and contract electronic manufacturers, positioning itself as a vital link in the global electronics supply chain.
- IC substrate demand driven by high-performance computing and AI server growth
- Capital expenditure levels for Malaysia and Austria production facility expansions
- Utilization rates and pricing pressure in Chinese consumer electronics segment
- Margin sensitivity to semiconductor industry cycle and inventory correction phases
| Net Income: 120.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 9.45 > 1.0 |
| NWC/Revenue: 17.59% < 20% (prev 8.98%; Δ 8.61% < -1%) |
| CFO/TA 0.07 > 3% & CFO 322.4m > Net Income 120.7m |
| Net Debt (-500.1m) to EBITDA (445.9m): -1.12 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.9m) vs 12m ago 0.0% < -2% |
| Gross Margin: 9.81% > 18% (prev 9.85%; Δ -0.03% > 0.5%) |
| Asset Turnover: 35.19% > 50% (prev 31.98%; Δ 3.21% > 0%) |
| Interest Coverage Ratio: 0.72 > 6 (EBIT TTM 92.9m / Interest Expense TTM 128.3m) |
| A: 0.06 (Total Current Assets 1.45b - Total Current Liabilities 1.16b) / Total Assets 4.61b |
| B: 0.13 (Retained Earnings 577.4m / Total Assets 4.61b) |
| C: 0.02 (EBIT TTM 92.9m / Avg Total Assets 4.71b) |
| D: 0.26 (Book Value of Equity 961.4m / Total Liabilities 3.65b) |
| Altman-Z'' = 1.23 = BB |
| DSRI: 0.74 (Receivables 364.6m/454.2m, Revenue 1.66b/1.54b) |
| GMI: 1.00 (GM 9.85% / 9.81%) |
| AQI: 0.89 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.08 (Revenue 1.66b / 1.54b) |
| TATA: -0.04 (NI 120.7m - CFO 322.4m) / TA 4.61b) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of June 25, 2026, the stock is trading at EUR 219.00 with a total of 111,303 shares traded. Over the past week, the price has changed by +2.34%, over one month by +52.08%, over three months by +341.09% and over the past year by +1263.64%.
Current recommended Stop Loss: 199.00 (which is 9.1% or 1.3 ATR below the current price).
AT & S Austria Technologie has no consensus analysts rating.
P/E Trailing = 68.693
P/S = 5.1438
P/B = 8.6473
Revenue TTM = 1.66b EUR
EBIT TTM = 92.9m EUR
EBITDA TTM = 445.9m EUR
Long Term Debt = 1.21b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 424.3m EUR (from shortLongTermDebt, last fiscal year)
Debt = 343.1m EUR (Leases only: 343.1m)
Net Debt = -500.1m EUR (calculated: Debt 343.1m - CCE 843.2m)
Enterprise Value = 8.28b EUR (8.78b + Debt 343.1m - CCE 843.2m)
Interest Coverage Ratio = 0.72 (Ebit TTM 92.9m / Interest Expense TTM 128.3m)
EV/FCF = 107.5x (Enterprise Value 8.28b / FCF TTM 77.0m)
FCF Yield = 0.93% (FCF TTM 77.0m / Enterprise Value 8.28b)
FCF Margin = 4.65% (FCF TTM 77.0m / Revenue TTM 1.66b)
Net Margin = 7.28% (Net Income TTM 120.7m / Revenue TTM 1.66b)
Gross Margin = 9.81% ((Revenue TTM 1.66b - Cost of Revenue TTM 1.49b) / Revenue TTM)
Gross Margin QoQ = 15.35% (prev 5.54%)
Tobins Q-Ratio = 1.80 (Enterprise Value 8.28b / Total Assets 4.61b)
Interest Expense / Debt = 37.39% (Interest Expense 128.3m / Debt 343.1m)
Taxrate = 39.20% (77.8m / 198.5m)
NOPAT = 56.5m (EBIT 92.9m * (1 - 39.20%))
Current Ratio = 1.25 (Total Current Assets 1.45b / Total Current Liabilities 1.16b)
Debt / Equity = 0.36 (Debt 343.1m / totalStockholderEquity, last quarter 961.4m)
Debt / EBITDA = -1.12 (Net Debt -500.1m / EBITDA 445.9m)
Debt / FCF = -6.49 (Net Debt -500.1m / FCF TTM 77.0m)
Total Stockholder Equity = 979.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.56% (Net Income 120.7m / Total Assets 4.61b)
RoE = 12.32% (Net Income TTM 120.7m / Total Stockholder Equity 979.2m)
RoCE = 4.24% (EBIT 92.9m / Capital Employed (Equity 979.2m + L.T.Debt 1.21b))
RoIC = 1.67% (NOPAT 56.5m / Invested Capital 3.37b)
WACC = 12.30% (E(8.78b)/V(9.12b) * Re(11.89%) + D(343.1m)/V(9.12b) * Rd(37.39%) * (1-Tc(0.39)))
Discount Rate = 11.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 62.92% ; FCFF base≈77.0m ; Y1≈77.4m ; Y5≈82.0m
[DCF] Fair Price = 32.51 (EV 762.9m - Net Debt -500.1m = Equity 1.26b / Shares 38.9m; r=12.30% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.33 | # QB: 0
Revenue Correlation: -45.66 | Revenue CAGR: -3.69% | SUE: 0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2027-03-31): EPS=2.66 | Chg30d=-18.53% | Revisions=+20% | GrowthEPS=+0.0% | GrowthRev=+53.0%
EPS next Year (2028-03-31): EPS=6.68 | Chg30d=+10.55% | Revisions=+33% | GrowthEPS=+93.8% | GrowthRev=+12.1%
[Analyst] Revisions Ratio: +33%