Financials ABB Ltd

Equities

ABBN

CH0012221716

Heavy Electrical Equipment

Market Closed - Swiss Exchange 11:31:30 2024-04-26 am EDT 5-day change 1st Jan Change
44.94 CHF +0.97% Intraday chart for ABB Ltd +0.67% +20.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 51,425 57,669 76,061 56,623 81,660 90,859 - -
Enterprise Value (EV) 1 56,374 57,781 75,963 59,402 83,651 91,930 89,890 87,905
P/E ratio 36 x 11.5 x 17 x 23.3 x 22 x 23.4 x 21.4 x 19.8 x
Yield 3.42% 3.16% 2.34% 2.77% 2.29% 1.97% 2.14% 2.22%
Capitalization / Revenue 1.84 x 2.21 x 2.63 x 1.92 x 2.53 x 2.71 x 2.57 x 2.44 x
EV / Revenue 2.01 x 2.21 x 2.62 x 2.02 x 2.6 x 2.75 x 2.55 x 2.36 x
EV / EBITDA 19.4 x 23 x 11.5 x 14.3 x 14.8 x 14.6 x 13.3 x 12.1 x
EV / FCF 37.7 x 57.8 x 30.3 x 113 x 23.8 x 24.7 x 23 x 20.7 x
FCF Yield 2.65% 1.73% 3.3% 0.88% 4.21% 4.04% 4.34% 4.84%
Price to Book 3.8 x 3.63 x 4.8 x 4.43 x 6.09 x 6.19 x 5.4 x 4.73 x
Nbr of stocks (in thousands) 2,132,868 2,058,789 1,992,148 1,866,376 1,842,990 1,849,363 - -
Reference price 2 24.11 28.01 38.18 30.34 44.31 49.13 49.13 49.13
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 27,978 26,134 28,945 29,446 32,235 33,471 35,297 37,275
EBITDA 1 2,899 2,508 6,611 4,151 5,651 6,280 6,784 7,281
EBIT 1 1,938 1,593 5,718 3,337 4,871 5,357 5,850 6,261
Operating Margin 6.93% 6.1% 19.75% 11.33% 15.11% 16.01% 16.57% 16.8%
Earnings before Tax (EBT) 1 1,862 841 5,787 3,394 4,778 5,316 5,765 6,185
Net income 1 1,439 5,146 4,546 2,475 3,745 3,906 4,257 4,583
Net margin 5.14% 19.69% 15.71% 8.41% 11.62% 11.67% 12.06% 12.29%
EPS 2 0.6700 2.440 2.250 1.300 2.010 2.097 2.298 2.486
Free Cash Flow 1 1,495 999 2,510 525 3,520 3,717 3,903 4,256
FCF margin 5.34% 3.82% 8.67% 1.78% 10.92% 11.1% 11.06% 11.42%
FCF Conversion (EBITDA) 51.57% 39.83% 37.97% 12.65% 62.29% 59.18% 57.53% 58.45%
FCF Conversion (Net income) 103.89% 19.41% 55.21% 21.21% 93.99% 95.17% 91.69% 92.87%
Dividend per Share 2 0.8246 0.8857 0.8934 0.8400 1.013 0.9689 1.053 1.088
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
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 7,567 6,965 7,251 7,406 7,824 7,859 8,163 7,968 8,245 7,870 8,475 8,467 8,729 8,512 8,976
EBITDA 1 3,191 1,067 794 906 1,384 1,389 1,494 1,453 1,315 1,418 1,584 1,610 1,620 1,752 1,752
EBIT 1 2,975 857 587 708 1,185 1,198 1,298 1,259 1,116 1,217 1,403 1,431 1,410 1,557 1,557
Operating Margin 39.32% 12.3% 8.1% 9.56% 15.15% 15.24% 15.9% 15.8% 13.54% 15.46% 16.55% 16.9% 16.15% 18.29% 17.35%
Earnings before Tax (EBT) 1 2,985 884 599 714 1,197 1,184 1,281 1,231 1,082 1,253 1,364 1,393 1,411 1,524 1,587
Net income 1 2,640 604 379 360 1,132 1,036 906 882 921 905 1,028 1,054 1,030 1,123 1,171
Net margin 34.89% 8.67% 5.23% 4.86% 14.47% 13.18% 11.1% 11.07% 11.17% 11.5% 12.13% 12.44% 11.8% 13.19% 13.04%
EPS 2 1.330 0.3100 0.2000 0.1900 0.6000 0.5500 0.4800 0.4700 0.5000 0.4900 0.5597 0.5786 0.5852 - -
Dividend per Share 2 0.8934 - - - 0.8400 - - - 0.9784 - - - 1.137 - -
Announcement Date 2/3/22 4/21/22 7/21/22 10/20/22 2/2/23 4/25/23 7/20/23 10/18/23 2/1/24 4/18/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,949 112 - 2,779 1,991 1,071 - -
Net Cash position 1 - - 98 - - - 969 2,954
Leverage (Debt/EBITDA) 1.707 x 0.0447 x - 0.6695 x 0.3523 x 0.1706 x - -
Free Cash Flow 1 1,495 999 2,510 525 3,520 3,717 3,903 4,256
ROE (net income / shareholders' equity) 19.3% 14.2% 29.1% 23.3% 28.6% 28.4% 27.7% 25.9%
ROA (Net income/ Total Assets) 3.18% 11.8% 11.2% 6.23% 9.35% 9.5% 10.2% 10.3%
Assets 1 45,274 43,598 40,674 39,702 40,044 41,106 41,807 44,476
Book Value Per Share 2 6.340 7.720 7.960 6.850 7.280 7.940 9.100 10.40
Cash Flow per Share 2 1.090 0.8000 1.650 0.6700 2.300 2.670 2.740 2.990
Capex 1 762 694 820 762 770 882 904 943
Capex / Sales 2.72% 2.66% 2.83% 2.59% 2.39% 2.64% 2.56% 2.53%
Announcement Date 2/5/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
49.13 USD
Average target price
44.95 USD
Spread / Average Target
-8.51%
Consensus