Financials Wärtsilä Oyj OTC Markets

Equities

WRTBF

FI0009003727

Industrial Machinery & Equipment

Market Closed - OTC Markets 09:45:33 2024-05-29 am EDT 5-day change 1st Jan Change
20.5 USD +3.52% Intraday chart for Wärtsilä Oyj +3.52% +42.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,828 4,823 7,293 4,642 7,731 11,313 - -
Enterprise Value (EV) 1 6,554 5,217 7,297 5,123 7,770 11,282 10,955 10,710
P/E ratio 26.6 x 35.4 x 37.5 x -71.5 x 29.8 x 23.8 x 20.6 x 18 x
Yield 4.87% 2.45% 1.94% 3.3% 2.44% 2.19% 2.51% 2.86%
Capitalization / Revenue 1.13 x 1.05 x 1.53 x 0.79 x 1.29 x 1.7 x 1.53 x 1.43 x
EV / Revenue 1.27 x 1.13 x 1.53 x 0.88 x 1.29 x 1.69 x 1.49 x 1.35 x
EV / EBITDA 10.3 x 11.6 x 14.1 x 8.71 x 11.3 x 13.2 x 11.4 x 10.3 x
EV / FCF 56.5 x 9.33 x 12.4 x -23 x 11.5 x 31.4 x 25.1 x 22.4 x
FCF Yield 1.77% 10.7% 8.07% -4.35% 8.66% 3.18% 3.99% 4.46%
Price to Book 2.43 x 2.21 x 3.15 x 2.17 x 3.47 x 4.54 x 4 x 3.5 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 19.20 19.20 19.20
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 6,656 7,375 7,925
EBITDA 1 637 449 519 588 690 853.1 961.5 1,044
EBIT 1 457 275 357 325 497 705.3 806.6 898.9
Operating Margin 8.84% 5.97% 7.47% 5.56% 8.26% 10.6% 10.94% 11.34%
Earnings before Tax (EBT) 1 315 191 296 -32 364 669.7 785 885.3
Net income 1 217 134 194 -65 258 487.2 572.4 647.1
Net margin 4.2% 2.91% 4.06% -1.11% 4.29% 7.32% 7.76% 8.16%
EPS 2 0.3700 0.2300 0.3300 -0.1100 0.4400 0.8078 0.9333 1.067
Free Cash Flow 1 116 559 589 -223 673 358.8 437 477.8
FCF margin 2.24% 12.14% 12.33% -3.82% 11.19% 5.39% 5.93% 6.03%
FCF Conversion (EBITDA) 18.21% 124.5% 113.49% - 97.54% 42.06% 45.45% 45.75%
FCF Conversion (Net income) 53.46% 417.16% 303.61% - 260.85% 73.65% 76.34% 73.84%
Dividend per Share 2 0.4800 0.2000 0.2400 0.2600 0.3200 0.4203 0.4820 0.5502
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 1,585 1,719 2,031 1,434 1,697
EBITDA 1 198 187 119 133 149 121 189 159 222 167 197.1 215.9 283.1 116.1 134.6
EBIT 1 158 65 85 82 93 88 108 125 177 132 158.1 175.7 241.6 - -
Operating Margin 9.89% 5.28% 6.04% 5.72% 5.25% 6.01% 7.43% 8.61% 10.77% 9.99% 9.97% 10.22% 11.9% - -
Earnings before Tax (EBT) 1 134 -147 72 7 35 84 53 107 120 118 153.7 165.7 232.7 141.9 190.8
Net income 1 84 -143 51 -1 28 55 27 81 94 85 110.8 120.2 164.8 106.3 143.5
Net margin 5.26% -11.62% 3.62% -0.07% 1.58% 3.75% 1.86% 5.58% 5.72% 6.43% 6.99% 6.99% 8.11% 7.41% 8.46%
EPS 2 0.1400 -0.2400 0.0900 - 0.0500 0.0900 0.0500 0.1400 0.1600 0.1400 0.1887 0.2112 0.2848 0.1793 0.2451
Dividend per Share 2 0.1400 - - - 0.2600 0.1300 - - 0.1900 - 0.2250 - 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 - - -
Net Cash position 1 - - - - - 31.1 359 603
Leverage (Debt/EBITDA) 1.14 x 0.8775 x 0.007707 x 0.818 x 0.0565 x - - -
Free Cash Flow 1 116 559 589 -223 673 359 437 478
ROE (net income / shareholders' equity) 9% 5.8% 8.6% -2.6% 12.3% 20.3% 21.2% 21.6%
ROA (Net income/ Total Assets) 3.48% 2.12% 3.04% -0.99% 3.85% 6.62% 7.09% 7.72%
Assets 1 6,228 6,315 6,378 6,565 6,705 7,357 8,079 8,383
Book Value Per Share 2 4.050 3.680 3.920 3.620 3.780 4.230 4.800 5.490
Cash Flow per Share 2 0.4000 1.170 1.240 -0.1100 1.390 0.9600 1.250 1.330
Capex 1 116 122 142 161 149 162 159 175
Capex / Sales 2.24% 2.65% 2.97% 2.76% 2.48% 2.43% 2.15% 2.21%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
19.2 EUR
Average target price
16.33 EUR
Spread / Average Target
-14.99%
Consensus