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2024/10/14 / Erste Group Research

ATX: Günstige Bewertung, attraktive Dividendenrendite


Über die ersten drei Quartale legte der ATX um 6,4% zu. Mit einem KGV von rund 9x bleibt der ATX weiter günstig bewertet. Zum Vergleich, der Euro Stoxx 600 notiert bei knapp 15x. Die erwartete Gewinnentwicklung differiert dabei für den ATX nicht so stark vom europäischen Gesamtmarkt. Für heuer wird für den ATX ein Gewinnrückgang von 9%prognostiziert während für 2025 und 2026 wieder positive Zuwachsraten von +10% bzw. +6% erwartet werden. Besonders hervorzuheben ist die erwartete Dividendenrendite des ATX von 5,7 %, gegenüber rund 3,7% im Euro Stoxx 600. Auch wenn sich der Start ins Q4 von den Spannungen im Nahen Osten und gemischten Wirtschaftsdaten belastet zeigt, erwarten wir für das Schlussquartal dennoch eine Fortsetzung des Aufwärtstrends.

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General information

AuthorErste Group Research
Date2024/10/14
Languagede
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Food & Beverage, Industrial Goods & Services, Insurance, Oil & Gas, Real Estate, Technology, Telecommunications, Travel & Leisure, Utilities
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Name  ISIN# Erste Group products
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Addiko BankAT000ADDIKO00
AgranaAT000AGRANA30
AMAGAT00000AMAG30
ams OSRAMAT0000A18XM40
AndritzAT000073000728
AT&SAT000096998520
Austrian PostAT0000APOST417
BAWAGAT0000BAWAG228
CA IMMOAT000064135221
DO & COAT00008188020
EVNAT000074105314
FACCAT00000FACC210
ImmofinanzAT0000A21KS211
Kapsch TrafficComAT000KAPSCH90
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LenzingAT000064450515
Mayr-MelnhofAT000093820413
OMVAT000074305938
PalfingerAT00007583053
PolytecAT0000A00XX90
PORRAT00006096070
RBIAT000060630638
S ImmoAT00006522503



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