Risk factor
Considerable default risk
Profitability factor
Very low or no dividends
About
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, along with its subsidiaries, specializes in the global manufacturing, distribution, and sale of advanced printed circuit boards. Its operational reach spans Austria, Germany, the broader European continent, China, the rest of Asia, and the Americas. The company's business activities are structured into Electronics Solutions, Microelectronics, and other segments. AT & S's comprehensive product lineup includes integrated circuit substrates, various printed circuit boards, and modules, such as flexible, rigid-flex, thermally enhanced, high-density interconnect, cavity, ECP, high-frequency, high-speed, multilayer, and double-sided boards, as well as specialized test and reference boards. It also offers innovative technological solutions like Z-Interconnect, ECP, 2.5D, and mSAP. Beyond production, the company provides a range of advanced interconnect solution services, including product and process simulations (covering warpage, reliability, failure analysis, and heat management), hardware development (encompassing PCB/substrate layout, technical concepts, data conversion, and drawings), and product development support (like project management, assembly services, and technology consulting). Additionally, AT & S assists with functional test development, including dedicated test and laboratory services. The company directly supplies its products to original equipment manufacturers (OEMs) and contract electronic manufacturers, catering to critical sectors such as semiconductors, communications, consumer electronics, medical, industrial, aviation, and automotive. Founded in 1987, AT & S maintains its headquarters in Leoben, Austria.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITDA, overpr
Target Price
The average target price of ATS.VI is 91 and suggests 33% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to dec