Analysts raised fair value for AT&S stock to EUR 272.20

AT&S stock (ISIN AT0000969985) was trading at EUR 220.25 at Lang & Schwarz on October 8, 2026 at 11:50 a.m. CEST, up 0.11 percent versus the prior close of EUR 220.00. Analysts had raised the average fair value estimate from EUR 258.12 to EUR 272.20 on September 16, 2026, according to Simply Wall St.

Fair value rises to EUR 272.20

The analyst estimate moved from EUR 258.12 to EUR 272.20, while the page cited price targets of EUR 220 and EUR 320 from recent research. The update gives investors a quantified valuation reference, but it does not remove the execution test created by AT&S's large expansion program.

The average estimate is higher than the EUR 220.25 Lang & Schwarz price by 23.59 percent, calculated against the euro reference price. That gap is a valuation comparison, not a forecast by this article.

Quarterly growth supports the case

AT&S reported revenue of EUR 548.70 million in the first quarter of fiscal 2026/27, up 37.50 percent from the year-earlier quarter, according to TickerGuard. Earnings before interest, taxes, depreciation and amortization rose from EUR 70.60 million to EUR 165.00 million, lifting the margin from 17.70 percent to 30.10 percent.

The same first-quarter report showed earnings per share of EUR 0.93, compared with a loss of EUR 1.55 in the year-earlier quarter. The figures put the valuation update against a clear operating comparison: revenue expanded by 37.50 percent and the margin improved by 12.40 percentage points.

AT&S makes high-end printed circuit boards and integrated-circuit substrates for mobile devices, automotive, industrial, medical and artificial-intelligence infrastructure applications. Its investor page describes production sites in Austria, China, Malaysia and India, while the company profile identifies technology as its sector.

Financing remains part of the story

AT&S announced on October 8, 2026, that it will redeem its EUR 350.00 million 2022 hybrid bond on October 22, 2026. The refinancing transaction cuts the new instrument's coupon by approximately 50 percent versus the older bond, according to MarketScreener.

The financing news gives the fair-value debate a balance-sheet angle. The next scheduled reporting checkpoint is the half-year report on November 5, 2026, when revenue conversion, margins and cash generation can be measured against the first-quarter improvement.

Stock remains below its yearly high

AT&S was trading at EUR 220.25 at Lang & Schwarz on October 8, 2026 at 11:50 a.m. CEST, up 0.11 percent versus the Lang & Schwarz prior close of EUR 220.00. The finance quote showed a 52-week range of EUR 25.00 to EUR 242.00 and market capitalization of EUR 8.6 billion as of October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of AT&S stock.

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