Financials Wärtsilä Oyj

Equities

WRT1V

FI0009003727

Industrial Machinery & Equipment

Real-time Estimate Tradegate 08:36:53 2024-05-02 am EDT 5-day change 1st Jan Change
17.49 EUR +0.77% Intraday chart for Wärtsilä Oyj +12.25% +32.95%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,828 4,823 7,293 4,642 7,731 10,226 - -
Enterprise Value (EV) 1 6,554 5,217 7,297 5,123 7,770 10,325 9,889 9,616
P/E ratio 26.6 x 35.4 x 37.5 x -71.5 x 29.8 x 21 x 18.7 x 16.7 x
Yield 4.87% 2.45% 1.94% 3.3% 2.44% 2.36% 2.73% 3.03%
Capitalization / Revenue 1.13 x 1.05 x 1.53 x 0.79 x 1.29 x 1.54 x 1.39 x 1.3 x
EV / Revenue 1.27 x 1.13 x 1.53 x 0.88 x 1.29 x 1.55 x 1.35 x 1.22 x
EV / EBITDA 10.3 x 11.6 x 14.1 x 8.71 x 11.3 x 12 x 10.4 x 9.26 x
EV / FCF 56.5 x 9.33 x 12.4 x -23 x 11.5 x 27.2 x 23.2 x 18.7 x
FCF Yield 1.77% 10.7% 8.07% -4.35% 8.66% 3.68% 4.3% 5.33%
Price to Book 2.43 x 2.21 x 3.15 x 2.17 x 3.47 x 4.11 x 3.63 x 3.18 x
Nbr of stocks (in thousands) 591,723 591,723 590,023 590,023 589,023 589,081 - -
Reference price 2 9.850 8.150 12.36 7.868 13.12 17.36 17.36 17.36
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 1/31/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,170 4,604 4,778 5,842 6,015 6,648 7,346 7,878
EBITDA 1 637 449 519 588 690 860.9 955.3 1,038
EBIT 1 457 275 357 325 497 698.4 779.3 890.3
Operating Margin 8.84% 5.97% 7.47% 5.56% 8.26% 10.5% 10.61% 11.3%
Earnings before Tax (EBT) 1 315 191 296 -32 364 664.8 771.1 865.8
Net income 1 217 134 194 -65 258 489.9 572.6 650.1
Net margin 4.2% 2.91% 4.06% -1.11% 4.29% 7.37% 7.8% 8.25%
EPS 2 0.3700 0.2300 0.3300 -0.1100 0.4400 0.8262 0.9287 1.037
Free Cash Flow 1 116 559 589 -223 673 379.8 425.5 513
FCF margin 2.24% 12.14% 12.33% -3.82% 11.19% 5.71% 5.79% 6.51%
FCF Conversion (EBITDA) 18.21% 124.5% 113.49% - 97.54% 44.11% 44.54% 49.4%
FCF Conversion (Net income) 53.46% 417.16% 303.61% - 260.85% 77.52% 74.31% 78.92%
Dividend per Share 2 0.4800 0.2000 0.2400 0.2600 0.3200 0.4097 0.4745 0.5254
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 1/31/24 - - -
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 1,597 1,231 1,407 1,433 1,770 1,465 1,454 1,452 1,644 1,321 1,589 1,723 2,028 1,394 1,682
EBITDA 1 198 187 119 133 149 121 189 159 222 167 195.1 213.6 285.2 116.1 134.6
EBIT 1 158 65 85 82 93 88 108 125 177 132 157.8 177.4 242.2 - -
Operating Margin 9.89% 5.28% 6.04% 5.72% 5.25% 6.01% 7.43% 8.61% 10.77% 9.99% 9.94% 10.3% 11.94% - -
Earnings before Tax (EBT) 1 134 -147 72 7 35 84 53 107 120 118 151.6 163 235.2 141.9 190.8
Net income 1 84 -143 51 -1 28 55 27 81 94 85 109.5 118.4 166.3 106.3 143.5
Net margin 5.26% -11.62% 3.62% -0.07% 1.58% 3.75% 1.86% 5.58% 5.72% 6.43% 6.89% 6.87% 8.2% 7.63% 8.53%
EPS 2 0.1400 -0.2400 0.0900 - 0.0500 0.0900 0.0500 0.1400 0.1600 0.1400 0.1872 0.2094 0.2871 0.1793 0.2451
Dividend per Share 2 0.1400 - - - 0.2600 0.1300 - - 0.1900 - - - 0.4000 - -
Announcement Date 1/28/22 4/28/22 7/21/22 10/25/22 1/31/23 4/25/23 7/21/23 10/31/23 1/31/24 4/26/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 726 394 4 481 39 98.6 - -
Net Cash position 1 - - - - - - 337 610
Leverage (Debt/EBITDA) 1.14 x 0.8775 x 0.007707 x 0.818 x 0.0565 x 0.1145 x - -
Free Cash Flow 1 116 559 589 -223 673 380 426 513
ROE (net income / shareholders' equity) 9% 5.8% 8.6% -2.6% 12.3% 20.1% 20.8% 21.4%
ROA (Net income/ Total Assets) 3.48% 2.12% 3.04% -0.99% 3.85% 6.72% 7.18% 7.86%
Assets 1 6,228 6,315 6,378 6,565 6,705 7,294 7,975 8,272
Book Value Per Share 2 4.050 3.680 3.920 3.620 3.780 4.230 4.790 5.460
Cash Flow per Share 2 0.4000 1.170 1.240 -0.1100 1.390 0.9400 1.220 1.290
Capex 1 116 122 142 161 149 168 158 172
Capex / Sales 2.24% 2.65% 2.97% 2.76% 2.48% 2.53% 2.15% 2.18%
Announcement Date 1/30/20 1/28/21 1/28/22 1/31/23 1/31/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
17.36 EUR
Average target price
15.75 EUR
Spread / Average Target
-9.27%
Consensus
  1. Stock Market
  2. Equities
  3. WRT1V Stock
  4. Financials Wärtsilä Oyj