(POS) PORR - VI
Sector: Industrials | Industry: Engineering & Construction | Exchange: VI (Austria) | Market Cap: 1.783m EUR | Total Return: 63.3% in 12m
Avg Turnover: 2.67M
Rev. Trend: 90.0%
Qual. Beats: 0
Warnings
Altman Z'' 0.46 < 1.0 - financial distress zone
Tailwinds
Confidence
PORR AG is a Vienna-based construction and engineering firm operating across Central and Eastern Europe, with a primary focus on Austria, Germany, and Poland. Established in 1869, the company provides a comprehensive suite of services including residential and industrial building construction, large-scale civil engineering, and specialized infrastructure projects such as tunneling and railway development.
The company utilizes a vertically integrated business model, maintaining internal capabilities for raw material production, environmental remediation, and facility management. This integration is common among major European contractors to mitigate supply chain volatility and capture margins across the entire project lifecycle, from design and structural engineering to long-term maintenance.
Beyond traditional construction, PORR AG manages environmental services including hazardous waste removal and landfill operations, positioning it to address increasing regulatory requirements for sustainable urban redevelopment. You can further analyze the companys valuation and project pipeline on ValueRay.
- Order backlog growth in core DACH and CEE infrastructure markets
- Public sector civil engineering contracts stabilize revenue during residential downturn
- Operational efficiency programs drive EBIT margin expansion toward 3% target
- Strategic shift to high-margin environmental engineering and waste management services
| Net Income: 130.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.94 > 1.0 |
| NWC/Revenue: -2.38% < 20% (prev -2.62%; Δ 0.25% < -1%) |
| CFO/TA 0.08 > 3% & CFO 378.3m > Net Income 130.2m |
| Net Debt (-374.5m) to EBITDA (311.2m): -1.20 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.3m) vs 12m ago 3.22% < -2% |
| Gross Margin: 34.38% > 18% (prev 34.05%; Δ 0.33% > 0.5%) |
| Asset Turnover: 142.8% > 50% (prev 146.0%; Δ -3.22% > 0%) |
| Interest Coverage Ratio: 2.60 > 6 (EBIT TTM 98.3m / Interest Expense TTM 37.8m) |
| A: -0.03 (Total Current Assets 2.72b - Total Current Liabilities 2.87b) / Total Assets 4.58b |
| B: 0.08 (Retained Earnings 362.3m / Total Assets 4.58b) |
| C: 0.02 (EBIT TTM 98.3m / Avg Total Assets 4.41b) |
| D: 0.26 (Book Value of Equity 932.0m / Total Liabilities 3.61b) |
| Altman-Z'' = 0.46 = B |
| DSRI: 1.13 (Receivables 827.7m/722.0m, Revenue 6.30b/6.19b) |
| GMI: 0.99 (GM 34.05% / 34.38%) |
| AQI: 1.14 (AQ_t 0.13 / AQ_t-1 0.11) |
| SGI: 1.02 (Revenue 6.30b / 6.19b) |
| TATA: -0.05 (NI 130.2m - CFO 378.3m) / TA 4.58b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at EUR 44.80 with a total of 85,610 shares traded.
Over the past week, the price has changed by +12.80%,
over one month by +27.69%,
over three months by +21.92% and
over the past year by +63.30%.
PORR has no consensus analysts rating.
P/E Trailing = 15.1333
P/E Forward = 10.0503
P/S = 0.2827
P/B = 1.8418
Revenue TTM = 6.30b EUR
EBIT TTM = 98.3m EUR
EBITDA TTM = 311.2m EUR
Long Term Debt = 263.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 17.7m EUR (from shortLongTermDebt, last quarter)
Debt = 373.9m EUR (Leases only: 373.9m)
Net Debt = -374.5m EUR (calculated: Debt 373.9m - CCE 748.4m)
Enterprise Value = 1.41b EUR (1.78b + Debt 373.9m - CCE 748.4m)
Interest Coverage Ratio = 2.60 (Ebit TTM 98.3m / Interest Expense TTM 37.8m)
EV/FCF = 7.50x (Enterprise Value 1.41b / FCF TTM 187.8m)
FCF Yield = 13.33% (FCF TTM 187.8m / Enterprise Value 1.41b)
FCF Margin = 2.98% (FCF TTM 187.8m / Revenue TTM 6.30b)
Net Margin = 2.07% (Net Income TTM 130.2m / Revenue TTM 6.30b)
Gross Margin = 34.38% ((Revenue TTM 6.30b - Cost of Revenue TTM 4.13b) / Revenue TTM)
Gross Margin QoQ = 34.45% (prev 34.06%)
Tobins Q-Ratio = 0.31 (Enterprise Value 1.41b / Total Assets 4.58b)
Interest Expense / Debt = 10.10% (Interest Expense 37.8m / Debt 373.9m)
Taxrate = 24.23% (43.7m / 180.4m)
NOPAT = 74.4m (EBIT 98.3m * (1 - 24.23%))
Current Ratio = 0.95 (Total Current Assets 2.72b / Total Current Liabilities 2.87b)
Debt / Equity = 0.40 (Debt 373.9m / totalStockholderEquity, last quarter 932.0m)
Debt / EBITDA = -1.20 (Net Debt -374.5m / EBITDA 311.2m)
Debt / FCF = -1.99 (Net Debt -374.5m / FCF TTM 187.8m)
Total Stockholder Equity = 856.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.95% (Net Income 130.2m / Total Assets 4.58b)
RoE = 15.20% (Net Income TTM 130.2m / Total Stockholder Equity 856.9m)
RoCE = 8.77% (EBIT 98.3m / Capital Employed (Equity 856.9m + L.T.Debt 263.5m))
RoIC = 5.34% (NOPAT 74.4m / Invested Capital 1.39b)
WACC = 7.44% (E(1.78b)/V(2.16b) * Re(7.40%) + D(373.9m)/V(2.16b) * Rd(10.10%) * (1-Tc(0.24)))
Discount Rate = 7.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 37.78 | Cagr: 11.91%
[DCF] Terminal Value 77.97% ; FCFF base≈166.2m ; Y1≈190.5m ; Y5≈280.4m
[DCF] Fair Price = 117.0 (EV 4.22b - Net Debt -374.5m = Equity 4.59b / Shares 39.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 90.04 | Revenue CAGR: 1.65% | SUE: -0.11 | # QB: 0
EPS current Year (2026-12-31): EPS=3.26 | Chg30d=+3.32% | Revisions=+33% | GrowthEPS=+8.6% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=3.59 | Chg30d=+4.42% | Revisions=+33% | GrowthEPS=+10.2% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +33%