Flughafen Wien Aktiengesellschaft (FLU) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Flughafen Wien Aktiengesellschaft stock €46.33, price €53.00, that is 12.6% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 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). As of Nov 7, 2026.
Follow Flughafen Wien Aktiengesellschaft in your weekly email
Every Wednesday you see whether Flughafen Wien Aktiengesellschaft is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Flughafen Wien, 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.
Show moreShow less
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 is headquartered in Schwechat, Austria.
Stock analysis
Flughafen Wien Aktiengesellschaft (FLU) currently trades at €53.00, while our model-based Fair Value estimate is €46.33, 13% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of €55.61 per share, and 8 of the 25 models we run sit above the €53.00 price.
Bear case: the Asset-Based group reads lowest at €11.35, and 17 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €34.75 (bear) to €57.91 (bull), the price of €53.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap €4.5B Mid · P/E ratio 23.2 · P/S ratio 3.89 · EPS (TTM) €2.28 · Dividend yield 3.1% · Net margin 16.6% · Return on equity 13.1% · Return on assets (EBIT) 9.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −9% fair-value upside, at −13%, FLU screens richer than that median.
Fair Value models
Bear€34.75Fair Value €46.33Bull€57.91
Price €53.00 · Downside -12.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.5385 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.6%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 20 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+21.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.9% vs 6.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−23% → 31%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.2% a year for the price and +0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (8 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: International diversification through Malta and Kosice growth supports results, yet the persistent cost gap at Vienna from high ticket taxes continues to shift traffic elsewhere.
Main risk: The ongoing cost disadvantage at the Vienna hub from elevated ticket taxes risks diverting additional low-cost traffic to Bratislava and reducing passenger volumes at the main airport.
Flughafen Wien offsets the passenger drop at its Vienna hub through solid growth at the Malta and Kosice airports. The executive team now stresses that high Austrian ticket taxes are shifting low-cost flights to Bratislava, where costs run about a third lower. Will the international diversification and ongoing efficiency efforts shield results, or will the home-base cost gap keep eroding traffic?
Compare Flughafen Wien Aktiengesellschaft with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Airports & Air Services · 48 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−12.6% · Below median
Profitability
Return on equity (12 months)13.1% · Above median
Return on assets7.7% · Above median
Net margin (12 months)16.6% · Above median
Operating margin (12 months)35.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−2.5% · Below median
Dividend yield (12 months)3.1% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
P/E (12 months)23.2× · Priciest 25%
P/B2.84× · Priciest 25%
P/S (12 months)3.89× · Priciest 25%
Price / free cash flow (fiscal year)13.4× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Flughafen Wien Aktiengesellschaft Fair Value". https://www.fairvalue-calculator.com/stock/FLU
Frequently asked questions
Is Flughafen Wien Aktiengesellschaft (FLU) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €46.33 versus a price of €53.00, about 13% lower (overvalued).
What is the fair value of FLU?
Our model-based fair value for Flughafen Wien Aktiengesellschaft is €46.33 (as of Nov 7, 2026), built from audited fundamentals. The current price: €53.00.
What is the quality score of FLU?
Flughafen Wien Aktiengesellschaft has a Quality Score of 74/100. 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 price target for Flughafen Wien Aktiengesellschaft (FLU)?
Our model-based price target is the fair value of €46.33 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario €34.75, optimistic scenario €57.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Flughafen Wien Aktiengesellschaft stock forecast for 2026?
Our models put fair value at €46.33, about 13% lower versus a price of €53.00 (overvalued). Cautious scenario €34.75, optimistic scenario €57.91. The calculation is refreshed regularly with new filings.
What is the revenue of Flughafen Wien Aktiengesellschaft (FLU)?
Flughafen Wien Aktiengesellschaft reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Nov 7, 2026).
Does Flughafen Wien Aktiengesellschaft pay a dividend?
Flughafen Wien Aktiengesellschaft currently shows a dividend yield of 3.11% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Flughafen Wien Aktiengesellschaft (FLU) and when is the ex-dividend date?
Flughafen Wien Aktiengesellschaft pays a dividend of €1.65 per share a year, a dividend yield of 3.1%. The last ex-dividend date was Jun 9, 2026. The payout ratio is 72.4% of earnings. Free cash flow covers the dividend 2.41 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Flughafen Wien Aktiengesellschaft (FLU)?
For today's price to be fair in a discounted-cash-flow model, Flughafen Wien Aktiengesellschaft would have to grow free cash flow by +2.4 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of FLU use?
Our models discount Flughafen Wien Aktiengesellschaft at 9.9 %: a base by market capitalisation (mid), country premium for Austria. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Flughafen Wien Aktiengesellschaft that is +2.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Flughafen Wien Aktiengesellschaft (FLU) delivered so far?
Over the past 5 years revenue at Flughafen Wien Aktiengesellschaft grew +27.6 % a year. The price currently implies free-cash-flow growth of +2.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Flughafen Wien Aktiengesellschaft (FLU) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Flughafen Wien Aktiengesellschaft (+2.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Flughafen Wien Aktiengesellschaft (FLU)?
The free-cash-flow yield on the price is 7.49 %: that much free cash flow Flughafen Wien Aktiengesellschaft produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Flughafen Wien Aktiengesellschaft (FLU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flughafen Wien Aktiengesellschaft it is €46.33 per share (as of Nov 7, 2026), against a price of €53.00. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Flughafen Wien Aktiengesellschaft stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FLU trades above its calculated fair value: price €53.00, fair value €46.33, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FLU?
No. The price is what the market pays today (€53.00); the fair value is what the company's own numbers justify (€46.33). For Flughafen Wien Aktiengesellschaft the two are €6.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flughafen Wien Aktiengesellschaft worth?
The market values Flughafen Wien Aktiengesellschaft at about €4.5B (market capitalisation, as of Nov 7, 2026). Per share that is €53.00; our models calculate a fair value of €46.33 per share.
What do the bullish and bearish scenarios say about FLU?
Our models span a range for Flughafen Wien Aktiengesellschaft: cautious scenario €34.75, base €46.33, optimistic €57.91 per share (as of Nov 7, 2026, price €53.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FLU?
Flughafen Wien Aktiengesellschaft trades at a price-to-earnings ratio of 23.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €46.33 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 24.6. Other multiples: PEG 1.5, P/B 2.8, P/S 3.9, EV/EBITDA 9.3.
What is the PEG ratio of FLU?
The PEG ratio of Flughafen Wien Aktiengesellschaft is 1.51 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Flughafen Wien Aktiengesellschaft (FLU)?
Balance-sheet figures for Flughafen Wien Aktiengesellschaft (as of Nov 7, 2026): return on equity 13.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is FLU from its 52-week high?
Flughafen Wien Aktiengesellschaft trades at €53.00, about 5% below its 52-week high of €56.00 and 11% above the low of €47.78 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €46.33 is for.
Which stocks are comparable to Flughafen Wien Aktiengesellschaft?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, GMR Airports Limited, Shanghai International Airport Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Flughafen Wien Aktiengesellschaft stock attractive at the current price?
The data as of Nov 7, 2026: price €53.00, calculated fair value €46.33 (−13%), Quality Score 74/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FLU calculated?
We run Flughafen Wien Aktiengesellschaft through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €46.33 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Flughafen Wien Aktiengesellschaft itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Flughafen Wien Aktiengesellschaft (FLU)?
The closing price on Nov 6, 2026 was €53.00. Our model-based fair value is €46.33, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flughafen Wien Aktiengesellschaft right now?
Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. 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.
Where does the earnings growth of Flughafen Wien Aktiengesellschaft (FLU) come from?
Earnings per share at Flughafen Wien Aktiengesellschaft grew +8.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.5 %, EBIT margin +3.1 %, tax rate −0.3 %, residual (interest, one-offs) +0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Flughafen Wien Aktiengesellschaft
How large is the market capitalisation of Flughafen Wien Aktiengesellschaft (FLU)?
The market capitalisation of Flughafen Wien Aktiengesellschaft is €4.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Flughafen Wien Aktiengesellschaft (FLU)?
The price-to-sales ratio of Flughafen Wien Aktiengesellschaft is 3.89 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Flughafen Wien Aktiengesellschaft (FLU)?
Earnings per share at Flughafen Wien Aktiengesellschaft are €2.28 (price ÷ EPS = P/E 23.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Flughafen Wien Aktiengesellschaft (FLU)?
The dividend yield of Flughafen Wien Aktiengesellschaft is 3.1% (payout 72.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Flughafen Wien Aktiengesellschaft (FLU)?
The net margin of Flughafen Wien Aktiengesellschaft is 16.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Flughafen Wien Aktiengesellschaft (FLU)?
The return on equity (ROE) of Flughafen Wien Aktiengesellschaft is 13.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Flughafen Wien Aktiengesellschaft (FLU)?
On an EBIT basis the return on assets of Flughafen Wien Aktiengesellschaft is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Flughafen Wien Aktiengesellschaft (FLU)?
The operating margin of Flughafen Wien Aktiengesellschaft is 35.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flughafen Wien Aktiengesellschaft (FLU)?
Revenue at Flughafen Wien Aktiengesellschaft is growing −2.5% versus a year earlier (3y avg +17.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Flughafen Wien Aktiengesellschaft (FLU)?
Earnings per share at Flughafen Wien Aktiengesellschaft are growing +5.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Flughafen Wien Aktiengesellschaft (FLU) carry?
The net debt of Flughafen Wien Aktiengesellschaft is €26.1M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Flughafen Wien Aktiengesellschaft in the live analysis
One click puts Flughafen Wien Aktiengesellschaft on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026