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Strabag SE (STR) Fair Value & Analysis

Industrials · AT · Market cap €9.6B

SS Strabag SE STR · VI
Price€86.40
Fair Value€160.66
Upside+86.0%
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: Jul 16, 2026

From 23 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from €166.68 to €160.66 (−3.6%) since Jun 24, 2026. Share price −4.1% over the past month.

A solid business, screening 86% 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 €18.96 Fair Value €160.66 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €18.96 – €94.39 · fair‑value band €125.01 – €195.30 · the €86.40 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 Jul 16, 2026.

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Analysis

Strabag SE (STR) currently trades at €86.40, while our model-based Fair Value estimate is €160.66, implying the stock looks roughly 86.0% undervalued today. We read business quality 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 Jul 16, 2026

Our scenario range runs from €125.01 (bear case) to €195.30 (bull case); at €86.40, 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 12% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 86%, 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 BearBaseBull 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 €137.03 €189.80 €241.90 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 €134.98 €177.99 €225.43 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 €119.06 €158.74 €198.43 63
P/S Multiple €101.20 €134.93 €168.66 58
P/B Multiple €101.20 €134.93 €168.66 55
EV/EBIT €144.88 €181.56 €218.23 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 €89.48 €127.83 €166.18 68

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

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 10.5
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 Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 59

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 46
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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)
+3.2%
Avg. growth/yr (5Y)
+4.9%
Avg. growth/yr (20Y)
+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

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

Peer Group

Engineering & Construction · 831 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 +86% · 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) 10.5× · Cheaper than 75% of peers
P/B 1.96× · Pricier than median
P/S (TTM) 0.59× · 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 17
FUTURE 40 · sector 17
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 Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹102.36 ₹48.22 -53%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Strabag SE (STR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €160.66 versus a price of €86.40, about +86% (undervalued).
What is the fair value of STR?
Our model-based fair value for Strabag SE is €160.66 (as of Jul 16, 2026), built from audited fundamentals. The current price is €86.40.
What is the quality score of STR?
Strabag SE has a Quality Score of 61/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals 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 Jul 16, 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 Jul 16, 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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