Company Valuation: ANDRITZ AG

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 8,056 - -
Change - 17.93% 5.02% -12.89% 34.01% 23.7% - -
Enterprise Value (EV) 1 4,114 4,569 5,128 4,433 6,011 7,358 7,104 6,910
Change - 11.05% 12.23% -13.55% 35.6% 22.41% -3.45% -2.73%
P/E 13.8x 12.9x 11x 9.82x 14.4x 16.9x 14.2x 12.6x
PBR 2.86x 2.87x 2.57x 2.13x 2.66x 3.06x 2.74x 2.45x
PEG - 0.5x 0.5x -3.16x -2.11x 3.54x 0.8x 1x
Capitalization / Revenue 0.7x 0.7x 0.64x 0.58x 0.83x 0.98x 0.91x 0.85x
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 8.16x 7.01x 6.2x
EV / EBIT 8.58x 7.98x 7.48x 6.7x 10.3x 11.3x 9.48x 8.34x
EV / FCF 9.81x 8.68x 34.5x 11.1x 15.7x 11.1x 12.4x 10.9x
FCF Yield 10.2% 11.5% 2.9% 9% 6.37% 9% 8.09% 9.16%
Dividend per Share 2 1.65 2.1 2.5 2.6 2.7 2.779 3.016 3.27
Rate of return 3.64% 3.92% 4.43% 5.31% 4.04% 3.38% 3.67% 3.98%
EPS 2 3.28 4.14 5.15 4.99 4.65 4.872 5.781 6.499
Distribution rate 50.3% 50.7% 48.5% 52.1% 58.1% 57% 52.2% 50.3%
Net sales 1 6,463 7,543 8,660 8,314 7,883 8,253 8,883 9,485
EBITDA 1 718.3 825.5 910.2 887.9 823.4 901.2 1,013 1,115
EBIT 1 479.6 572.7 685.2 661.9 582.8 649.9 749.3 828.9
Net income 1 325.5 409.6 510.2 496.5 456.3 481.8 572.4 644.7
Net Debt 1 -389.8 -742.6 -450.4 -426.4 -500.8 -697.4 -951.5 -1,145
Reference price 2 45.38 53.55 56.40 48.98 66.75 82.20 82.20 82.20
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.($)
30.61x5.34x19.37x0.84% 120B
34.36x5.4x20.49x1.56% 96.45B
42.65x8.64x25.3x-.--% 61.98B
26.86x3.07x17.77x0.78% 58.68B
39.24x6.1x26.94x1.98% 56.84B
26.91x4.95x17.32x2.23% 35.29B
29.71x3.96x14.96x0.11% 29.14B
20.65x1.76x12.72x2.27% 30.04B
20.66x3.57x11.42x1.48% 28.85B
Average 30.18x 4.76x 18.48x 1.25% 57.53B
Weighted average by Cap. 31.84x 5.16x 19.72x 1.16%

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