Wienerberger Shares
Wienerberger AG has been successfully represented on the Vienna Stock Exchange for 150 years. Learn more about the price of shares, key figures and the shareholder structure.
Wienerberger on the stock exchange
With a market capitalisation of 3,074 million euros and a 6.2% weighting on the ATX (Austrian Trade Index) at the end of 2019, Wienerberger is one of the biggest companies on the Vienna Stock Exchange. Wienerberger AG is listed on the prime market with 115.2 million bearer shares. The principle of “one share, one vote” applies to the publicly owned, free float shares: There are no preference or registered shares and no restrictions apply to ordinary shares.
In the US, Wienerberger AG is traded on the OTC Market through a level 1 ADR programme provided by the Bank of New York Mellon. In each case, five ADRs document the right to obtain bearer shares.
An Overview of Wienerberger’s Shares
- Shares: Purely publicly owned shares, 100% free float
- Quantity: 115.2 million no-par value shares
- Listing: Vienna Stock Exchange (WIE), Thomson Reuters (WBSV.VI), Bloomberg (WIE AV)
- Market segment: Prime market
- ADR: ADR Level 1 (WBRBY)
- ISIN: AT0000831706
Coverage by analysts
Austrian and international financial analysts regularly assess Wienerberger AG’s development. Currently, analysts examine the shares in the following institutions:
| Institution | Location | Contact | Phone |
|---|---|---|---|
| Wiener Privatbank | Vienna, AT | Nicolas Kneip | +43 1 534 31 155 |
| Deutsche Bank AG | Vienna, AT | Matthias Pfeifenberger | +43 1 531 81 153 |
| Raiffeisen Centrobank | Vienna, AT | Markus Remis | +43 1 51520 718 |
| Erste Group | Vienna, AT | Michael Marschallinger |
+43 50100 17420 |
| Commerzbank | Frankfurt, DE | Norbert Kretlow | +49 69 136 45926 |
| MainFirst | London, UK | Tobias Wörner | +49 69 78808 198 |
| Citigroup | London, UK | Ami Galla | +44 207 9864092 |
| Davy Securities | Dublin, IE | Florence O'Donoghue | +353 1 6148741 |
| Exane BNP Paribas | London, UK | Yves Bromehead | +44 20 7039 9503 |
| UBS | London, UK | Gregor Kuglitsch | +44 20 7568 4394 |
| Kepler Cheuvreux | Paris, FR | Berenice Lacroix | +33 1 70 98 85 82 |
| On Field Research | London, UK | Xintong Ouyang | +44 203 9500 896 |
| Berenberg | London, UK | Lushanthan Mahendrarajah | +44 20 3207 7896 |
Consensus
The following consensus contains estimates of our analysts that were published since May 14, 2020 (the results of the first quarter 2020) as well as expectations in regards of the Covid-19 impacts.
The average target price amounts to EUR 24.50
2020
| 2020 in € mn | Revenues | EBITDA | EBIT | Net income | EPS adjusted | Dividend |
|---|---|---|---|---|---|---|
| High | 3,279 | 532 | 282 | 108 | 0.94 | 0.60 |
| Low | 2,939 | 453 | 121 | 25 | 0.20 | 0.00 |
| Consensus Median | 3,223 | 501 | 142 | 43 | 0.38 | 0.40 |
| Number of estimates | 13 | 13 | 13 | 13 | 13 | 13 |
2021
| 2021 in € mn | Revenues | EBITDA | EBIT | Net income | EPS adjusted | Dividend |
|---|---|---|---|---|---|---|
| High | 3,449 | 586 | 339 | 222 | 1.96 | 0.75 |
| Low | 3,058 | 517 | 271 | 183 | 1.60 | 0.35 |
| Consensus Median | 3,361 | 555 | 310 | 207 | 1.81 | 0.60 |
| Number of estimates | 13 | 13 | 12 | 12 | 13 | 13 |
Wienerberger’s shareholder structure
As is customary for international companies on the stock exchange, Wienerberger’s shareholder structure is very diverse. The shares all are free float shares. The majority of the shares are held by institutional investors, with less than 15% owned by private investors.
Over half of the institutional investors come from Anglo-Saxon countries: North America as well as Great Britain. The rest of the shares are predominantly owned by investors in continental Europe. The majority of the institutional investors are concerned with GARP, value and index.
| Shares | Shareholder |
|---|---|
| More than 5% | FMR LLC (Fidelity), USA |
| More than 4% | Marathon Asset Management LLP, UK |
| More than 4% | Impax Asset Management, UK |
| More than 4% | ELEVA UCITS Fund, LUX |
Dividends
Wienerberger has defined clear conditions for dividend payouts. We are planning a dividend payout of 20 to 40% from our free cash flow, after deducting the costs of the hybrid capital. The yearly dividends are determined by taking the business’ development, the economic climate, as well as potential growth projects into consideration.
Repurchasing Shares
The Managing Board of Wienerberger AG was authorized by the 150th Annual General Meeting on May 06, 2019, to take the following steps (pursuant to sect. 65 para. 1(8) of the Stock Corporation Act): During a period of 30 months, the Managing Board can buy back own ordinary bearer shares of the Company, withdraw or sell shares bought back without further resolution by the Annual General Meeting, and dispose of own shares in a way other than via the stock exchange or through public offering. The shares may be acquired at a price per share of not less than € 1.00 and not more than twice the share price quoted on the stock exchange on May 06, 2019.
Capital increases
The last time Wienerberger AG increased share capital by releasing new shares was in 2009. As a result of the decision made during the 145th annual general meeting, the managing board is authorized to increase share capital by releasing up to 17.6 million shares. This corresponds with up to 15% of the share capital. As a result, in certain circumstances, shareholders’ legally permitted subscription privileges will not be allowed. However, the number of shares that will be subject to this rule must not exceed 5% of the overall share capital.
