AT & S Austria Technologie & Systemtechnik AG/€ATS
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About AT & S Austria Technologie & Systemtechnik AG
AT & S Austria Technologie & Systemtechnik AG, established in 1987 and headquartered in Leoben, Austria, specializes in the design and manufacture of high-end printed circuit boards (PCBs) and integrated circuit (IC) substrates. The company's product portfolio includes double-sided and multilayer PCBs, high-density interconnect (HDI) microvia PCBs, flexible and rigid-flex PCBs, and IC substrates, serving sectors such as mobile devices, automotive, industrial, and medical. AT&S operates production facilities in Austria (Leoben, Fehring), India (Nanjangud), China (Shanghai, Chongqing), and Korea (Ansan near Seoul), with a new high-end production site under development in Kulim, Malaysia. The company employs approximately 13,500 people as of 2023/24. AT&S's strategic focus includes advancing technologies for applications such as 5G networks, IoT, autonomous driving, and artificial intelligence.
- Ticker
- €ATS
- Sector
- Digital Hardware
- Primary listing
- VSE
- Employees
- 14,569
- Headquarters
- Leoben, Austria
- Website
- ats.net
ATS Metrics
BasicAdvanced
€5.2B
98.54
€1.37
1.33
-
Price and volume
Market cap
€5.2B
Beta
1.33
52-week high
€236.50
52-week low
€25.40
Average daily volume
142K
Financial strength
Current ratio
1.762
Quick ratio
1.506
Long term debt to equity
1.136
Total debt to equity
1.43
Dividend payout ratio (TTM)
24.60%
Interest coverage (TTM)
2.10%
Profitability
EBITDA (TTM)
503.229
Gross margin (TTM)
15.63%
Net profit margin (TTM)
3.67%
Operating margin (TTM)
8.67%
Effective tax rate (TTM)
-6.14%
Revenue per employee (TTM)
€130,000
Management effectiveness
Return on assets (TTM)
2.16%
Return on equity (TTM)
5.93%
Valuation
Price to earnings (TTM)
98.543
Price to revenue (TTM)
2.712
Price to book
6.76
Price to tangible book (TTM)
6.86
Price to free cash flow (TTM)
48.675
Free cash flow yield (TTM)
2.05%
Free cash flow per share (TTM)
2.78
Growth
Revenue change (TTM)
18.38%
Earnings per share change (TTM)
6.03%
3-year revenue growth (CAGR)
5.55%
10-year revenue growth (CAGR)
10.01%
3-year earnings per share growth (CAGR)
40.03%
10-year earnings per share growth (CAGR)
8.92%
What the Analysts think about ATS
Analyst ratings (Buy, Hold, Sell) for AT & S Austria Technologie & Systemtechnik AG stock.
Analyst projections of the future price of AT & S Austria Technologie & Systemtechnik AG stock.
Bulls say / Bears say
AT&S has moved back into strong growth: first-quarter revenue rose 40% at constant currency, EBITDA increased 134% and the company returned to a €41 million profit. It reaffirmed full-year guidance for 45–55% revenue growth and a 32–37% EBITDA margin. (AT&S)
Cost reductions are strengthening the earnings recovery: AT&S cut its cost base by €170 million in 2025/26, beating its target, and aims for another €110 million of savings in 2026/27. Higher volumes and the efficiency programme also helped lift the first-quarter EBITDA margin to 30.1%. (AT&S, AT&S)
Supply constraints could prevent AT&S from turning demand into sales on schedule. In August, its chief executive said the company could not deliver all customers wanted because suppliers could not provide enough materials; management also flagged tight supply for some materials in its outlook. (Die Presse, AT&S)
The growth plan requires very heavy investment: AT&S expects €1.0–1.2 billion of capital expenditure in 2026/27, while first-quarter operating free cash flow was only €5 million. The customer agreements supporting the €1.5–2.0 billion Kulim expansion still require final negotiation and execution, leaving timing and cash generation risks. (AT&S, AT&S)
The recovery has not yet translated into a full-year net profit: AT&S reported a €26 million loss for 2025/26, despite €418 million of EBITDA, and net finance costs were €100 million. A sustained improvement in operating performance is needed to cover depreciation and financing costs. (AT&S)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
ATS Financial Performance
Revenues and expenses
ATS Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing ATS
AllEURUSDGBP
Fund name | Fund size | €ATS weighting |
|---|---|---|
iShares ATX€EXXX | €171M | 4.79% |
iShares STOXX Europe 600 Technology€EXV3 | €224M | 0.47% |
iShares STOXX Europe 600 Technology€STEC | €26M | 0.47% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.41% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.41% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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