Company Valuation: Andritz

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,504 5,312 5,578 4,859 6,512 7,958 - -
Change - 17.93% 5.02% -12.89% 34.01% 22.2% - -
Enterprise Value (EV) 1 4,114 4,569 5,128 4,433 6,011 7,308 7,057 6,861
Change - 11.05% 12.23% -13.55% 35.6% 21.58% -3.43% -2.77%
P/E 13.8x 12.9x 11x 9.82x 14.4x 16.5x 14.1x 12.5x
PBR 2.86x 2.87x 2.57x 2.13x 2.66x 3.02x 2.71x 2.44x
PEG - 0.5x 0.5x -3.16x -2.11x 2.93x 0.8x 1x
Capitalization / Revenue 0.7x 0.7x 0.64x 0.58x 0.83x 0.97x 0.9x 0.84x
EV / Revenue 0.64x 0.61x 0.59x 0.53x 0.76x 0.89x 0.8x 0.73x
EV / EBITDA 5.73x 5.53x 5.63x 4.99x 7.3x 8.12x 7.02x 6.22x
EV / EBIT 8.58x 7.98x 7.48x 6.7x 10.3x 11.2x 9.45x 8.35x
EV / FCF 9.81x 8.68x 34.5x 11.1x 15.7x 10.1x 12.9x 11.7x
FCF Yield 10.2% 11.5% 2.9% 9% 6.37% 9.91% 7.74% 8.55%
Dividend per Share 2 1.65 2.1 2.5 2.6 2.7 2.81 3.05 3.34
Rate of return 3.64% 3.92% 4.43% 5.31% 4.04% 3.46% 3.76% 4.11%
EPS 2 3.28 4.14 5.15 4.99 4.65 4.912 5.765 6.481
Distribution rate 50.3% 50.7% 48.5% 52.1% 58.1% 57.2% 52.9% 51.5%
Net sales 1 6,463 7,543 8,660 8,314 7,883 8,237 8,824 9,429
EBITDA 1 718.3 825.5 910.2 887.9 823.4 900.5 1,005 1,103
EBIT 1 479.6 572.7 685.2 661.9 582.8 650.2 746.9 821.7
Net income 1 325.5 409.6 510.2 496.5 456.3 487.6 571.8 644.3
Net Debt 1 -389.8 -742.6 -450.4 -426.4 -500.8 -649.4 -900.4 -1,096
Reference price 2 45.38 53.55 56.40 48.98 66.75 81.20 81.20 81.20
Nbr of stocks (in thousands) 99,256 99,191 98,904 99,210 97,556 97,999 - -
Announcement Date 3/8/22 3/8/23 2/29/24 3/6/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.87x6.15x22.84x0.75% 123B
32.99x6.19x21.3x1.86% 41.78B
33.95x4.4x16.44x0.1% 32.35B
21.67x1.79x13.17x2.24% 30.77B
22.6x3.28x14.14x1.04% 27.56B
25.73x3.11x13.38x1.46% 27.31B
24.33x3.8x12.77x1.5% 27.81B
26.24x3.3x16.12x1.73% 24.42B
20.72x4.17x14.77x2.41% 21.23B
Average 27.12x 4.02x 16.10x 1.45% 39.59B
Weighted average by Cap. 29.87x 4.67x 18.12x 1.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield