Projected Income Statement: Westinghouse Air Brake Technologies Corporation

Forecast Balance Sheet: Westinghouse Air Brake Technologies Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,583 3,210 2,668 2,765 3,502 4,594 4,264 3,289
Change - -10.41% -16.88% 3.64% 26.65% 31.18% -7.18% -22.87%
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Westinghouse Air Brake Technologies Corporation

Fiscal Period: December 2021 2022 2023 2024 2026 2027 2028
CAPEX 1 130 149 186 207 246.3 263.5 281.8
Change - 14.62% 24.83% 11.29% - 6.97% 6.94%
Free Cash Flow (FCF) 1 943 889 1,015 1,627 1,464 2,198 2,198
Change - -5.73% 14.17% 60.3% - 50.16% 0.01%
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Westinghouse Air Brake Technologies Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 18.88% 18.68% 19.03% 20.68% 22.07% 23.26% 24.13% 24.47%
EBIT Margin (%) 15.87% 16.19% 16.98% 18.94% 20.3% 21.13% 21.95% 22.21%
EBT Margin (%) 9.42% 10.21% 11.28% 13.57% 14.26% 17.31% 18.21% 20.43%
Net margin (%) 7.13% 7.57% 8.42% 10.17% 10.48% 12.72% 13.32% 13.91%
FCF margin (%) 12.06% 10.63% 10.49% 15.66% - 11.87% 16.81% 15.9%
FCF / Net Income (%) 169% 140.44% 124.54% 154.07% - 93.33% 126.24% 114.36%

Profitability

        
ROA 3.02% 4.81% 5.68% 7.03% 7.54% 8.79% 10.44% 12.46%
ROE 7.9% 8.77% 10.36% 12.87% 14.48% 15.59% 16.91% 18.3%

Financial Health

        
Leverage (Debt/EBITDA) 2.43x 2.06x 1.45x 1.29x 1.42x 1.6x 1.35x 0.97x
Debt / Free cash flow 3.8x 3.61x 2.63x 1.7x - 3.14x 1.94x 1.5x

Capital Intensity

        
CAPEX / Current Assets (%) 1.66% 1.78% 1.92% 1.99% - 2% 2.02% 2.04%
CAPEX / EBITDA (%) 8.8% 9.54% 10.1% 9.64% - 8.59% 8.35% 8.33%
CAPEX / FCF (%) 13.79% 16.76% 18.33% 12.72% - 16.83% 11.99% 12.82%

Items per share

        
Cash flow per share 1 5.704 5.678 6.691 10.49 10.28 9.996 12.55 -
Change - -0.46% 17.83% 56.81% -2.02% -2.77% 25.59% -
Dividend per Share 1 0.48 0.6 0.68 0.8 - 1.217 1.329 1.15
Change - 25% 13.33% 17.65% - - 9.26% -13.49%
Book Value Per Share 1 54.35 55.44 58.65 57.73 65.12 66.98 69.65 74.86
Change - 2.02% 5.79% -1.57% 12.8% 2.86% 3.99% 7.47%
EPS 1 2.96 3.46 4.53 6.04 6.83 9.194 10.46 11.72
Change - 16.89% 30.92% 33.33% 13.08% 34.61% 13.77% 12.06%
Nbr of stocks (in thousands) 186,821 181,868 179,159 171,890 170,957 170,517 170,517 170,517
Announcement Date 2/16/22 2/15/23 2/14/24 2/12/25 2/11/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 26.6x 23.4x
PBR 3.65x 3.51x
EV / Sales 3.76x 3.52x
Yield 0.5% 0.54%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
244.68USD
Average target price
289.75USD
Spread / Average Target
+18.42%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. WAB Stock
  4. Financials Westinghouse Air Brake Technologies Corporation
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