AT & S Austria Technologie & Systemtechnik (ATS) Stock Overview
Manufactures, distributes, and sells printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
ATS Community Fair Values
Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €101.60 |
| 52 Week High | €105.00 |
| 52 Week Low | €14.92 |
| Beta | 1.27 |
| 1 Month Change | 71.62% |
| 3 Month Change | 104.84% |
| 1 Year Change | 514.27% |
| 3 Year Change | 264.16% |
| 5 Year Change | 230.94% |
| Change since IPO | 665.06% |
Recent News & Updates
Narrative Update • Apr 24
ATS: Higher Revenue Guidance Will Intensify Concerns Over Rich Future P/E
Analysts have lifted their price target for AT & S Austria Technologie & Systemtechnik from €47 to €59, citing recent upward revisions in Street research, including higher targets from Deutsche Bank. These changes are supported by updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Apr 10
ATS: Lower Discount Rate Will Heighten Concerns Around Revenue Guidance Risks
Analysts have lifted their price target on AT & S Austria Technologie & Systemtechnik from €50 to €55, citing a refined discount rate and P/E assumptions as the key drivers behind the updated fair value framework. Analyst Commentary Bullish Takeaways Bullish analysts see the refined discount rate and P/E assumptions as better aligned with how the market may value AT & S Austria Technologie & Systemtechnik, which supports the higher €55 price framework.Narrative Update • Mar 25
ATS: Margin Assumptions And Discount Rates Will Frame Revenue Guidance Risks
Analysts have nudged their price target on AT & S Austria Technologie & Systemtechnik up to €55 from €50, citing updated assumptions around discount rates, profit margins and future P/E multiples as key drivers of the change. Analyst Commentary Recent research focuses on updated assumptions around discount rates, profit margins and future P/E multiples, which together inform the revised €55 price target for AT & S Austria Technologie & Systemtechnik.Recent updates
Narrative Update • Apr 24
ATS: Higher Revenue Guidance Will Intensify Concerns Over Rich Future P/E
Analysts have lifted their price target for AT & S Austria Technologie & Systemtechnik from €47 to €59, citing recent upward revisions in Street research, including higher targets from Deutsche Bank. These changes are supported by updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Apr 10
ATS: Lower Discount Rate Will Heighten Concerns Around Revenue Guidance Risks
Analysts have lifted their price target on AT & S Austria Technologie & Systemtechnik from €50 to €55, citing a refined discount rate and P/E assumptions as the key drivers behind the updated fair value framework. Analyst Commentary Bullish Takeaways Bullish analysts see the refined discount rate and P/E assumptions as better aligned with how the market may value AT & S Austria Technologie & Systemtechnik, which supports the higher €55 price framework.Narrative Update • Mar 25
ATS: Margin Assumptions And Discount Rates Will Frame Revenue Guidance Risks
Analysts have nudged their price target on AT & S Austria Technologie & Systemtechnik up to €55 from €50, citing updated assumptions around discount rates, profit margins and future P/E multiples as key drivers of the change. Analyst Commentary Recent research focuses on updated assumptions around discount rates, profit margins and future P/E multiples, which together inform the revised €55 price target for AT & S Austria Technologie & Systemtechnik.Narrative Update • Mar 09
ATS: Higher Margin Assumptions Will Test Revenue Guidance And Execution
Analysts have lifted their price target for AT & S Austria Technologie & Systemtechnik from €50 to €55, citing expectations for stronger profit margins and a lower forward P/E in their updated models. Analyst Commentary Analysts updating their models around the new €55 price target are focusing on how the current valuation lines up with expected profitability and execution on growth plans.Narrative Update • Feb 23
ATS: Upgraded Outlook Will Test Revenue Guidance And Profitability Assumptions
Analysts have raised their fair value estimate for AT & S Austria Technologie & Systemtechnik from €34.20 to €47.00. This change reflects updated assumptions on growth, profitability and valuation that are in line with recent Street research, including higher price targets from major banks.Narrative Update • Feb 08
ATS: Rising P/E Expectations Will Likely Expose Ongoing Profitability Fragility
Analysts have raised their fair value estimate for AT & S Austria Technologie & Systemtechnik from €29.20 to €34.20, citing updated research that reflects revised P/E expectations along with recent price target increases, including Deutsche Bank's adjustment to €55. Analyst Commentary Bullish Takeaways Bullish analysts see the higher €55 price target as aligning with updated P/E expectations, which they view as more in line with AT & S Austria Technologie & Systemtechnik's current execution and earnings profile.Narrative Update • Jan 25
ATS: Higher Street Optimism Will Likely Highlight Ongoing Profitability Fragility
Narrative Update: AT & S Austria Technologie & Systemtechnik The updated analyst price target for AT & S Austria Technologie & Systemtechnik has moved from about €26.92 to roughly €29.20. This reflects a tighter discount rate and slightly stronger long term assumptions on revenue growth, profit margin and future P/E, supported by recent Street research that includes a Deutsche Bank target of €30 and a Buy rating with a €40 target from another firm.Analysis Article • Jan 22
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) Popularity With Investors Is Clear
There wouldn't be many who think AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's ( VIE:ATS...Narrative Update • Jan 09
ATS: Higher Price Hopes Will Likely Expose Fragile Profitability
Analysts have raised their price targets on AT & S Austria Technologie & Systemtechnik to a range of about €30 to €40. This reflects updated views on the shares, while key model inputs such as fair value, discount rate, revenue growth, profit margin, and future P/E remain broadly unchanged.Narrative Update • Dec 19
ATS: Defense Expansion Will Likely Expose Fragile Profitability Outlook
Analysts have significantly raised their price target for AT&S Austria Technologie & Systemtechnik, citing recent upward revisions to EUR 30 and EUR 40 that reflect growing confidence in the companys earnings outlook and valuation. Analyst Commentary Recent research updates highlight a more constructive stance on AT&S Austria Technologie & Systemtechnik, with price targets lifted into the EUR 30 to EUR 40 range and at least one rating upgrade, signaling improving confidence in both near term execution and the companys medium term growth trajectory.Narrative Update • Dec 04
ATS: Recent Rating Upgrades Will Likely Clash With Defense Expansion Risks
Analysts have raised their price target for AT & S Austria Technologie & Systemtechnik, lifting fair value from EUR 24.30 to approximately EUR 26.92 as they factor in higher expected profitability and a more favorable earnings multiple, supported by recent target increases to EUR 30 and EUR 40 from major research houses. Analyst Commentary Recent target hikes to EUR 30 and EUR 40 have sharpened the debate around whether AT & S Austria Technologie & Systemtechnik can sustain its improving fundamentals and justify a re rating of the shares.Narrative Update • Nov 20
ATS: Recent Upgrade Will Face Headwinds From Defense Market Expansion
Narrative Update on AT & S Austria Technologie & Systemtechnik Analysts have raised their price targets for AT & S Austria Technologie & Systemtechnik, increasing the previous range from EUR 18-19.20 to a new range of EUR 30 to EUR 40. This change is attributed to improved revenue growth and profit margin forecasts.Narrative Update • Nov 05
ATS: Recent Upgrade Will Not Offset Supply Chain And Cost Pressures
Analysts have raised their price target for AT & S Austria Technologie & Systemtechnik from €16.66 to €19.20. This reflects improved growth and profitability expectations, supported by recent positive research updates.Analysis Article • Oct 18
Investors Still Aren't Entirely Convinced By AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) Revenues Despite 40% Price Jump
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) shareholders would be excited to see that the...Analysis Article • Oct 08
Is It Too Late To Consider Buying AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS)?
While AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) might not have the largest market cap...New Narrative • Sep 07
Manufacturing Delays In Austria And Malaysia Will Undermine Prospects
Key Takeaways Revenue growth is threatened by uncertain order conversion from AI, data center sectors, and risks from new facility ramp-ups, with market expectations possibly too optimistic. Geopolitical tensions, rapid technology shifts, and high ongoing costs could compress margins and undermine long-term profitability despite recent expansion efforts.Analysis Article • Aug 03
Here's What Analysts Are Forecasting For AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS) After Its First-Quarter Results
It's been a sad week for AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ), who've watched...Analysis Article • Jul 18
A Piece Of The Puzzle Missing From AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) 27% Share Price Climb
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) shares have continued their recent momentum...Analysis Article • Jul 08
Is AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS) Potentially Undervalued?
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ), might not be a large cap stock, but it led...Analysis Article • Jun 12
Additional Considerations Required While Assessing AT & S Austria Technologie & Systemtechnik's (VIE:ATS) Strong Earnings
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's ( VIE:ATS ) robust earnings report didn't manage to...Analysis Article • May 04
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) Shares Leap 33% Yet They're Still Not Telling The Full Story
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) shares have had a really impressive month...Analysis Article • Nov 22
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS) Might Not Be As Mispriced As It Looks After Plunging 30%
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) shares have had a horrible month, losing 30...Analysis Article • Sep 24
Is AT & S Austria Technologie & Systemtechnik (VIE:ATS) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Sep 03
Returns On Capital At AT & S Austria Technologie & Systemtechnik (VIE:ATS) Paint A Concerning Picture
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Analysis Article • Aug 11
Positive Sentiment Still Eludes AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS) Following 27% Share Price Slump
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) shareholders that were waiting for something...Analysis Article • Jun 27
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's (VIE:ATS) CEO Might Not Expect Shareholders To Be So Generous This Year
Key Insights AT & S Austria Technologie & Systemtechnik's Annual General Meeting to take place on 4th of July Total pay...Analysis Article • May 21
It's A Story Of Risk Vs Reward With AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS)
With a median price-to-sales (or "P/S") ratio of close to 1x in the Electronic industry in Austria, you could be...Analysis Article • Feb 02
AT & S Austria Technologie & Systemtechnik (VIE:ATS) Will Want To Turn Around Its Return Trends
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • Nov 03
Is Now An Opportune Moment To Examine AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS)?
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ), is not the largest company out there, but it...Analysis Article • Sep 22
The Returns On Capital At AT & S Austria Technologie & Systemtechnik (VIE:ATS) Don't Inspire Confidence
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Aug 29
These 4 Measures Indicate That AT & S Austria Technologie & Systemtechnik (VIE:ATS) Is Using Debt In A Risky Way
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jul 23
AT & S Austria Technologie & Systemtechnik's (VIE:ATS) Dividend Is Being Reduced To €0.40
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) has announced that on 27th of July, it will...Analysis Article • Jul 09
AT & S Austria Technologie & Systemtechnik's (VIE:ATS) Dividend Is Being Reduced To €0.40
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's ( VIE:ATS ) dividend is being reduced from last year's...Analysis Article • Jun 25
AT & S Austria Technologie & Systemtechnik (VIE:ATS) Is Paying Out Less In Dividends Than Last Year
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) is reducing its dividend from last year's...Analysis Article • May 22
When Should You Buy AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (VIE:ATS)?
While AT & S Austria Technologie & Systemtechnik Aktiengesellschaft ( VIE:ATS ) might not be the most widely known...Analysis Article • May 03
AT & S Austria Technologie & Systemtechnik (VIE:ATS) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Shareholder Returns
| ATS | AT Electronic | AT Market | |
|---|---|---|---|
| 7D | 11.5% | 4.2% | 1.5% |
| 1Y | 514.3% | 31.9% | 29.3% |
Return vs Industry: ATS exceeded the Austrian Electronic industry which returned 29.6% over the past year.
Return vs Market: ATS exceeded the Austrian Market which returned 27.8% over the past year.
Price Volatility
| ATS volatility | |
|---|---|
| ATS Average Weekly Movement | 11.1% |
| Electronic Industry Average Movement | 6.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in AT Market | 7.1% |
| 10% least volatile stocks in AT Market | 3.0% |
Stable Share Price: ATS's share price has been volatile over the past 3 months compared to the Austrian market.
Volatility Over Time: ATS's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Austrian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 13,064 | Michael Mertin | ats.net |
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, together with its subsidiaries, manufactures, distributes, and sells printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas. It operates through Electronics Solutions, Microelectronics, and Others segments. The company offers integrated circuit substrates; printed circuit boards and modules; flexible and rigid-flex, thermally enhanced, high-density interconnect, cavity, ECP, high-frequency and high-speed, multilayer, and double-sided printed circuit boards; and test and reference boards.
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fundamentals Summary
| ATS fundamental statistics | |
|---|---|
| Market cap | €3.95b |
| Earnings (TTM) | €128.20m |
| Revenue (TTM) | €1.71b |
30.8x
P/E Ratio2.3x
P/S RatioIs ATS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ATS income statement (TTM) | |
|---|---|
| Revenue | €1.71b |
| Cost of Revenue | €1.55b |
| Gross Profit | €161.77m |
| Other Expenses | €33.57m |
| Earnings | €128.20m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 21, 2026
| Earnings per share (EPS) | 3.30 |
| Gross Margin | 9.48% |
| Net Profit Margin | 7.51% |
| Debt/Equity Ratio | 194.6% |
How did ATS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 01:28 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gustav Froberg | Berenberg |
| George Brown | Deutsche Bank |
| Daniel Lion | Erste Group Bank AG |