Financials Valmet Oyj Deutsche Boerse AG

Equities

2VO

FI4000074984

Industrial Machinery & Equipment

Real-time Estimate Tradegate 14:28:43 2024-07-17 EDT 5-day change 1st Jan Change
26.28 EUR -0.64% Intraday chart for Valmet Oyj +2.07% +1.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,196 3,492 5,638 4,634 4,808 4,932 - -
Enterprise Value (EV) 1 3,089 3,591 5,597 5,165 5,860 5,891 5,842 5,694
P/E ratio 15.8 x 15.2 x 19.1 x 13.1 x 13.5 x 14.4 x 13.3 x 11.2 x
Yield 3.75% 3.85% 3.18% 5.17% 5.17% 5.23% 5.52% 5.76%
Capitalization / Revenue 0.9 x 0.93 x 1.43 x 0.91 x 0.87 x 0.91 x 0.96 x 0.89 x
EV / Revenue 0.87 x 0.96 x 1.42 x 1.02 x 1.06 x 1.09 x 1.13 x 1.03 x
EV / EBITDA 7.98 x 8.55 x 11.2 x 8.08 x 8.34 x 7.84 x 7.66 x 6.74 x
EV / FCF 14.3 x 8.11 x 14.5 x -68 x 25.8 x 13.1 x 11.9 x 10.6 x
FCF Yield 6.99% 12.3% 6.88% -1.47% 3.87% 7.62% 8.42% 9.47%
Price to Book 3.07 x 3.07 x 4.25 x 1.86 x 1.87 x 1.88 x 1.8 x 1.69 x
Nbr of stocks (in thousands) 149,619 149,491 149,471 184,185 184,161 184,168 - -
Reference price 2 21.36 23.36 37.72 25.16 26.11 26.78 26.78 26.78
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,547 3,740 3,935 5,074 5,532 5,392 5,151 5,533
EBITDA 1 387 420 500 639 703 751.4 762.6 844.9
EBIT 1 281 319 399 436 507 535.9 553.9 626
Operating Margin 7.92% 8.53% 10.14% 8.59% 9.16% 9.94% 10.75% 11.31%
Earnings before Tax (EBT) 1 269 307 395 431 473 475.6 511.2 579.9
Net income 1 202 231 296 338 357 343.5 372 439.5
Net margin 5.69% 6.18% 7.52% 6.66% 6.45% 6.37% 7.22% 7.94%
EPS 2 1.350 1.540 1.980 1.920 1.940 1.865 2.018 2.385
Free Cash Flow 1 216 443 385 -76 227 448.8 492 539.2
FCF margin 6.09% 11.84% 9.78% -1.5% 4.1% 8.32% 9.55% 9.75%
FCF Conversion (EBITDA) 55.81% 105.48% 77% - 32.29% 59.72% 64.52% 63.83%
FCF Conversion (Net income) 106.93% 191.77% 130.07% - 63.59% 130.64% 132.26% 122.69%
Dividend per Share 2 0.8000 0.9000 1.200 1.300 1.350 1.400 1.479 1.542
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,199 960 1,286 1,288 1,540 1,321 1,417 1,295 1,499 1,212 1,348 1,311 1,540 1,328 1,421
EBITDA 1 165 92 178 156 213 155 179 171 199 148 193 201.5 235.5 185 203
EBIT 1 143 63 120 97 156 97 136 127 148 94 139.4 143.8 179.9 140.7 161.3
Operating Margin 11.93% 6.56% 9.33% 7.53% 10.13% 7.34% 9.6% 9.81% 9.87% 7.76% 10.34% 10.97% 11.68% 10.6% 11.35%
Earnings before Tax (EBT) 1 142 62 120 98 152 91 129 120 133 73 123.9 127.2 164.4 121 139
Net income 1 100 45 101 71 121 70 99 86 102 56 92.53 93.49 121.2 89.91 105.7
Net margin 8.34% 4.69% 7.85% 5.51% 7.86% 5.3% 6.99% 6.64% 6.8% 4.62% 6.86% 7.13% 7.87% 6.77% 7.44%
EPS 2 0.6700 0.3000 0.5500 0.3800 0.6600 0.3800 0.5400 0.4700 0.5600 0.3000 0.5009 0.5096 0.6476 0.4876 0.5754
Dividend per Share 2 0.3000 1.200 - - 0.1000 - - - - - 0.9000 - 0.7000 - 0.7000
Announcement Date 2/3/22 4/27/22 7/27/22 10/26/22 2/2/23 4/26/23 7/26/23 10/25/23 2/7/24 4/24/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 99 - 531 1,052 959 910 762
Net Cash position 1 107 - 41 - - - - -
Leverage (Debt/EBITDA) - 0.2357 x - 0.831 x 1.496 x 1.277 x 1.193 x 0.9013 x
Free Cash Flow 1 216 443 385 -76 227 449 492 539
ROE (net income / shareholders' equity) 20% 21% 24% 18% 14% 13.3% 13.9% 15.5%
ROA (Net income/ Total Assets) 6.27% 6.23% 7.07% 6.32% 5.35% 5.2% 5.9% 6.8%
Assets 1 3,220 3,705 4,189 5,346 6,668 6,606 6,305 6,464
Book Value Per Share 2 6.950 7.610 8.870 13.60 13.90 14.20 14.80 15.90
Cash Flow per Share 2 1.970 3.560 3.220 0.2100 1.910 2.930 3.390 3.790
Capex 1 79 89 97 112 125 145 133 136
Capex / Sales 2.23% 2.38% 2.47% 2.21% 2.26% 2.69% 2.58% 2.45%
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
26.78 EUR
Average target price
28.75 EUR
Spread / Average Target
+7.36%
Consensus