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Strabag SE (STR) Fair Value & Analysis

Industrials · AT · Market cap €9.6B

SS Strabag SE STR · VI
Price€85.00
Fair Value€160.66
Upside+89.0%
Quality61/100
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Healthy Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
3.41% dividend yield
Ranks above peers (11/15)
Moderate moat 48/100
Evidence: High Range €125.01 – €195.30 Share as image

Fair value as of: Aug 14, 2026

From 23 valuation models · updated today

Share price +1.8% over the past month.

A solid business, screening 89% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€125.01). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€94.39 €19.72 Fair Value €160.66 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range €19.72 – €94.39 · fair‑value band €125.01 – €195.30 · the €85.00 price screens below the €160.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Strabag SE (STR) currently trades at €85.00, while our model-based Fair Value estimate is €160.66, implying the stock looks roughly 89.0% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Strabag SE generated revenue of €18.7B at a net margin of 4.9%. Revenue grew 8.0% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of €2.6B. Fundamentals as of Aug 14, 2026

Our scenario range runs from €125.01 (bear case) to €195.30 (bull case); at €85.00, the current price sits below 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 14% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 89%, STR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €136.79 €174.04 €222.46 80
Residual Income €50.56 €66.29 €182.71 76
Rev-Margin DCF €115.54 €153.23 €193.61 74
All 23 models by family
DCF Models
FCF DCF €134.13 €174.26 €228.67 38
Owner Earnings €113.47 €145.26 €188.34 31
5Y Revenue Exit €115.54 €151.79 €195.78 39
5Y EBITDA Exit €145.33 €204.48 €270.07 41
5Y P/E Exit €140.27 €195.52 €250.10 38
10Y Revenue Exit €119.85 €152.95 €192.75 36
10Y EBITDA Exit €140.04 €187.66 €245.40 37
10Y P/E Exit €136.95 €181.76 €231.25 35
Earnings-Based
Graham-Dodd €53.97 €122.31 €156.61 54
PEG = 1.0 €20.17 €28.81 €37.46 46
EPV €86.03 €94.11 €101.09 59
Multiples
P/E Multiple €125.01 €166.68 €208.35 63
P/S Multiple €101.20 €134.93 €168.66 58
P/B Multiple €101.20 €134.93 €168.66 55
EV/EBIT €138.77 €173.41 €208.05 53
EV/EBITDA €169.18 €213.96 €258.74 54
EV/Revenue €109.02 €140.80 €172.59 43
Asset-Based
NCAV (Graham) €24.53 €32.87 €49.05 50
Growth DCF
Growth DCF €136.79 €174.04 €222.46 80
Rev-Margin DCF €115.54 €153.23 €193.61 74
Economic Profit
Residual Income €50.56 €66.29 €182.71 76
ROIC Compounder €87.57 €97.76 €107.84 72
Growth Earnings
Growth-Adj P/E €93.65 €133.79 €173.93 68

Widest divergence: DCF Models (€174.26) versus Asset-Based (€32.87). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €18.7B
Revenue growth (YoY) +8.0%
Net margin 4.9%
Return on equity 17.2%
Free cash flow €1.1B FY2025
P/E ratio 10.7
More key figures
Operating margin 9.8%
EPS (TTM) €7.94
Dividend yield 3.4%
EPS growth (YoY) +12.3%
Net cash €2.6B FY2023

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 54

Profitability 63
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

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.

About the company

Strabag SE engages in the construction projects. The company provides building construction and civil engineering services, including bridge budling, prefabricated elements, commercial and industrial construction, civil engineering, power plants, metal construction, public buildings, environmental technology, water technologies, and residential construction.

Full company description

Strabag SE engages in the construction projects. The company provides building construction and civil engineering services, including bridge budling, prefabricated elements, commercial and industrial construction, civil engineering, power plants, metal construction, public buildings, environmental technology, water technologies, and residential construction. It also engages in the transportation infrastructures activities, such as railway construction, construction materials, canalisation engineering, pipeline and sewer construction, town planning and landscape, architecture, road construction and earthworks, rock engineering and protective structures, waterway and dyke construction, and sports and recreational facilities. In addition, the company is involved in operation, maintenance and marketing of public-private partnerships; real estate development; infrastructure development; international business; property and facility services; tunnelling; and ground engineering. Strabag SE was formerly known as Bau Holding Strabag AG and changed its name to Strabag SE in April 2006. Strabag SE was founded in 1835 and is headquartered in Villach, Austria.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Strabag SE reported revenue of €18.7B in FY2025 versus €15.3B in FY2021, a compound +5.2%/yr. Reported net income was €916M in FY2025, compounding +11.8%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€18.7B
Latest YoY
+7.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.9%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.1%
Revenue +5.2%/yr
FY21 €15.3B
FY22 €17.0B
FY23 €17.7B
FY24 €17.4B
FY25 €18.7B
Net income +11.8%/yr
FY21 €586M
FY22 €472M
FY23 €631M
FY24 €823M
FY25 €916M
Character of growth · EPS growth decomposed (2012-2023) +21.2 % p.a.
Revenue per share +3.3 pp

of which total revenue +3.1 pp · buybacks/dilution +0.2 pp

EBIT margin +15.9 pp
Tax rate +1.9 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Strabag SE Fair Value". https://www.fairvalue-calculator.com/stock/STR

Peer Group

Engineering & Construction · 839 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.

Quality Score 61 · Top 25%
Fair Value upside +89% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than median
P/B 1.97× · Pricier than median
P/S (TTM) 0.60× · Pricier than median
P/FCF 9.8× · Pricier than 75% of peers
EV/EBITDA 4.8× · Cheaper than median
PEG 4.72× · Pricier than 75% of peers

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.

VALUE 100 · sector 14
FUTURE 40 · sector 14
PAST 69 · sector 26
HEALTH 97 · sector 94
DIVIDEND 68 · sector 33

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is Strabag SE (STR) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of €160.66 versus a price of €85.00, about +89% (undervalued).
What is the fair value of STR?
Our model-based fair value for Strabag SE is €160.66 (as of Aug 14, 2026), built from audited fundamentals. The current price is €85.00.
What is the quality score of STR?
Strabag SE has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Strabag SE (STR)?
Strabag SE reported trailing-twelve-month revenue of about €18.7B (latest available figure, as of Aug 14, 2026).
What is the net profit margin of STR?
The net profit margin of Strabag SE is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does Strabag SE pay a dividend?
Strabag SE currently shows a dividend yield of about 3.12% relative to its recent price (as of Aug 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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