Projected Income Statement: Andritz

Forecast Balance Sheet: Andritz

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -390 -743 -450 -426 -501 -649 -900 -1,096
Change - -90.51% 39.43% 5.33% -17.61% -29.59% -38.67% -21.78%
Announcement Date 3/8/22 3/8/23 2/29/24 3/6/25 3/5/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Andritz

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 110.3 155 170.8 179.5 198.1 200.8 194.7 202.1
Change - 40.53% 10.19% 5.09% 10.36% 1.37% -3.04% 3.81%
Free Cash Flow (FCF) 1 419.3 526.4 148.8 399 383.2 724.4 546.2 586.9
Change - 25.54% -71.73% 168.15% -3.96% 89.03% -24.59% 7.44%
Announcement Date 3/8/22 3/8/23 2/29/24 3/6/25 3/5/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Andritz

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 11.11% 10.94% 10.51% 10.68% 10.45% 10.93% 11.39% 11.7%
EBIT Margin (%) 7.42% 7.59% 7.91% 7.96% 7.39% 7.89% 8.46% 8.71%
EBT Margin (%) 6.8% 7.17% 7.95% 7.78% 7.6% 7.85% 8.67% 9.12%
Net margin (%) 5.04% 5.43% 5.89% 5.97% 5.79% 5.92% 6.48% 6.83%
FCF margin (%) 6.49% 6.98% 1.72% 4.8% 4.86% 8.79% 6.19% 6.22%
FCF / Net Income (%) 128.82% 128.52% 29.17% 80.36% 83.98% 148.57% 95.53% 91.1%

Profitability

        
ROA 4.42% 5.07% 6.04% 5.96% 5.44% 5.47% 6.15% 6.13%
ROE 22.99% 23.98% 25.34% 22.29% 19.3% 19.85% 20.81% 20.71%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.71% 2.05% 1.97% 2.16% 2.51% 2.44% 2.21% 2.14%
CAPEX / EBITDA (%) 15.36% 18.78% 18.77% 20.22% 24.06% 22.3% 19.38% 18.32%
CAPEX / FCF (%) 26.31% 29.45% 114.78% 44.99% 51.7% 27.72% 35.64% 34.44%

Items per share

        
Cash flow per share 1 5.322 7.166 3.786 6.401 6.652 7.478 8.143 9.26
Change - 34.67% -47.17% 69.07% 3.92% 12.42% 8.9% 13.71%
Dividend per Share 1 1.65 2.1 2.5 2.6 2.7 2.81 3.05 3.34
Change - 27.27% 19.05% 4% 3.85% 4.07% 8.54% 9.51%
Book Value Per Share 1 15.86 18.69 21.99 23.01 25.08 26.88 29.95 33.31
Change - 17.83% 17.64% 4.64% 9.01% 7.18% 11.41% 11.25%
EPS 1 3.28 4.14 5.15 4.99 4.65 4.912 5.765 6.481
Change - 26.22% 24.4% -3.11% -6.81% 5.63% 17.37% 12.42%
Nbr of stocks (in thousands) 99,256 99,191 98,904 99,210 97,556 97,999 97,999 97,999
Announcement Date 3/8/22 3/8/23 2/29/24 3/6/25 3/5/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 16.5x 14.1x
PBR 3.02x 2.71x
EV / Sales 0.89x 0.8x
Yield 3.46% 3.76%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
81.20EUR
Average target price
87.33EUR
Spread / Average Target
+7.55%

Quarterly revenue - Rate of surprise