Flughafen Wien Aktiengesellschaft (FLU) Fair Value & Analysis
Industrials · AT · Market cap €4.2B · ISIN AT00000VIE62
What is Flughafen Wien Aktiengesellschaft really worth?
A strong business, but trading 14% above our fair value of €46.33.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 25 valuation models · updated today
Share price +2.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range €24.18 – €56.20 · fair‑value band €34.75 – €57.91 · the €53.00 price screens above the €46.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Flughafen Wien Aktiengesellschaft (FLU) currently trades at €53.00, while our model-based Fair Value estimate is €46.33, implying the stock looks roughly 14.4% overvalued today. The Quality Score stands at 77/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of €66.23 per share, and 9 of the 25 models we run sit above the €53.00 price. Bear case: the Asset-Based group reads lowest at €12.54, and 16 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Flughafen Wien Aktiengesellschaft generated revenue of €1.2B at a net margin of 16.2%. Revenue grew 6.6% year over year. It earns a return on equity of 12.2%. Net debt stands at €152M. Fundamentals as of Sep 5, 2026
Our scenario range runs from €34.75 (bear case) to €57.91 (bull case); at €53.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 9% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −13%, FLU screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.3925 per share, which is 0.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 25 models by family
Widest divergence: DCF Models (€66.23) versus Asset-Based (€12.54). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 59
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Flughafen Wien Aktiengesellschaft, together with its subsidiaries, engages in the construction and operation of civil airports and related facilities in Austria and Malta. The company operates through five segments: Airport, Handling & Security Services, Retail & Properties, Malta, and Other.
Full company description
Flughafen Wien Aktiengesellschaft, together with its subsidiaries, engages in the construction and operation of civil airports and related facilities in Austria and Malta. The company operates through five segments: Airport, Handling & Security Services, Retail & Properties, Malta, and Other. The Airport segment operates and maintains aircraft movement areas and terminals, as well as the equipment and facilities for passenger and baggage handling; provides security controls for passengers and hand luggage. This segment also offers a range of services to support airport operations, deal with emergencies and disruptions, and ensure security. The Handling & Security services segment provides various services for the handling of aircraft, passengers on scheduled and charter flights, and handling general aviation aircraft and passengers. The Retail & Properties segment offers services to support airport operations, including shopping, food and beverages, VIP, lounges, and parking; and advertising services, as well as the development and marketing of properties. The Malta segment operates Malta airport; provides aviation and parking services; and rents retail and office space. The Other segment offers technical and repair, energy supply and waste disposal, telecommunications and information technology, electromechanical and building, construction management, and construction management and consulting services, as well as construction and maintenance services for infrastructure facilities. The company operates and manages the Vienna airport. Flughafen Wien Aktiengesellschaft is headquartered in Schwechat, Austria.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Flughafen Wien Aktiengesellschaft reported revenue of €1.1B in FY2025 versus €407M in FY2021, a compound +29.1%/yr. Reported net income was €185M in FY2025, compounding +165.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
FLU screens 14% overvalued. Compare with Aena S.M.E., S.A →
Peer Group
Airports & Air Services · 54 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Airports & Air Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €26.42 | €26.90 | +2% |
| Airports of Thailand Public Company TATD | 2.58 SGD | 1.25 SGD | −52% |
| Grupo Aeroportuario del Pacífico, S.A. PAC | $214.87 | $253.64 | +18% |
| GMR Airports Limited GMRINFRA | ₹102.70 | ₹22.29 | −78% |
| Shanghai International Airport Co 600009 | ¥23.41 | ¥17.09 | −27% |
| Flughafen Zürich AG FHZN | CHF 208.80 | CHF 121.30 | −42% |
| Auckland International Airport Limited AIA | A$7.09 | A$2.76 | −61% |
| Fraport AG FRA | €62.40 | €49.83 | −20% |
| Københavns Lufthavne A/S KBHL | kr 5,440 | kr 1,821 | −67% |
| SATS Ltd S58 | 4.07 SGD | 4.03 SGD | −1% |
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