ANDRITZ AG (AZ2.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:AZ2 • AT0000730007
73.2 EUR
+0.5 (+0.69%)
Last: Feb 2, 2026, 07:00 PM
Taking everything into account, AZ2 scores 6 out of 10 in our fundamental rating. AZ2 was compared to 112 industry peers in the Machinery industry. While AZ2 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AZ2 has a valuation in line with the averages, but it does not seem to be growing. AZ2 also has an excellent dividend rating. This makes AZ2 very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
- In the past year AZ2 was profitable.
- In the past year AZ2 had a positive cash flow from operations.
- Each year in the past 5 years AZ2 has been profitable.
- Each year in the past 5 years AZ2 had a positive operating cash flow.
1.2 Ratios
- AZ2 has a better Return On Assets (5.55%) than 75.00% of its industry peers.
- Looking at the Return On Equity, with a value of 19.97%, AZ2 belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- AZ2 has a better Return On Invested Capital (12.84%) than 86.61% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AZ2 is above the industry average of 8.91%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.55% | ||
| ROE | 19.97% | ||
| ROIC | 12.84% |
ROA(3y)5.64%
ROA(5y)4.82%
ROE(3y)22.46%
ROE(5y)20.91%
ROIC(3y)13.75%
ROIC(5y)11.75%
1.3 Margins
- With a decent Profit Margin value of 5.84%, AZ2 is doing good in the industry, outperforming 64.29% of the companies in the same industry.
- In the last couple of years the Profit Margin of AZ2 has grown nicely.
- AZ2 has a better Operating Margin (7.53%) than 61.61% of its industry peers.
- In the last couple of years the Operating Margin of AZ2 has grown nicely.
- The Gross Margin of AZ2 (51.89%) is better than 70.54% of its industry peers.
- In the last couple of years the Gross Margin of AZ2 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.53% | ||
| PM (TTM) | 5.84% | ||
| GM | 51.89% |
OM growth 3Y3.96%
OM growth 5Y14.56%
PM growth 3Y5.84%
PM growth 5Y25.54%
GM growth 3Y0.42%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AZ2 is creating value.
- Compared to 1 year ago, AZ2 has less shares outstanding
- The number of shares outstanding for AZ2 has been reduced compared to 5 years ago.
- AZ2 has a better debt/assets ratio than last year.
2.2 Solvency
- AZ2 has an Altman-Z score of 2.49. This is not the best score and indicates that AZ2 is in the grey zone with still only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.49, AZ2 perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- The Debt to FCF ratio of AZ2 is 2.38, which is a good value as it means it would take AZ2, 2.38 years of fcf income to pay off all of its debts.
- AZ2 has a better Debt to FCF ratio (2.38) than 76.79% of its industry peers.
- AZ2 has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
- AZ2 has a Debt to Equity ratio of 0.21. This is in the better half of the industry: AZ2 outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.75
WACC7.35%
2.3 Liquidity
- AZ2 has a Current Ratio of 1.11. This is a normal value and indicates that AZ2 is financially healthy and should not expect problems in meeting its short term obligations.
- AZ2 has a worse Current ratio (1.11) than 76.79% of its industry peers.
- A Quick Ratio of 0.84 indicates that AZ2 may have some problems paying its short term obligations.
- AZ2 has a worse Quick ratio (0.84) than 65.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
- The earnings per share for AZ2 have decreased by -7.36% in the last year.
- The Earnings Per Share has been growing by 31.53% on average over the past years. This is a very strong growth
- Looking at the last year, AZ2 shows a decrease in Revenue. The Revenue has decreased by -7.68% in the last year.
- AZ2 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.49% yearly.
EPS 1Y (TTM)-7.36%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-4.2%
Revenue 1Y (TTM)-7.68%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-7.57%
3.2 Future
- The Earnings Per Share is expected to grow by 6.84% on average over the next years.
- AZ2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.81% yearly.
EPS Next Y-4.79%
EPS Next 2Y6.35%
EPS Next 3Y8.21%
EPS Next 5Y6.84%
Revenue Next Year-5.29%
Revenue Next 2Y1.82%
Revenue Next 3Y3.34%
Revenue Next 5Y4.81%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- AZ2 is valuated correctly with a Price/Earnings ratio of 15.71.
- 79.46% of the companies in the same industry are more expensive than AZ2, based on the Price/Earnings ratio.
- AZ2's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.41.
- Based on the Price/Forward Earnings ratio of 12.94, the valuation of AZ2 can be described as correct.
- 66.96% of the companies in the same industry are more expensive than AZ2, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, AZ2 is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 12.94 |
4.2 Price Multiples
- AZ2's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AZ2 is cheaper than 65.18% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as AZ2.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.3 | ||
| EV/EBITDA | 8.5 |
4.3 Compensation for Growth
- The excellent profitability rating of AZ2 may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y6.35%
EPS Next 3Y8.21%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.26%, AZ2 is a good candidate for dividend investing.
- AZ2's Dividend Yield is rather good when compared to the industry average which is at 1.53. AZ2 pays more dividend than 93.75% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, AZ2 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
5.2 History
- The dividend of AZ2 is nicely growing with an annual growth rate of 10.14%!
Dividend Growth(5Y)10.14%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- AZ2 pays out 55.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
- AZ2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP55.55%
EPS Next 2Y6.35%
EPS Next 3Y8.21%
FRA:AZ2 (2/2/2026, 7:00:00 PM)
73.2
+0.5 (+0.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)10-30 2025-10-30/dmh
Earnings (Next)03-05 2026-03-05/bmo
Inst Owners31.57%
Inst Owner ChangeN/A
Ins Owners31.5%
Ins Owner ChangeN/A
Market Cap7.61B
Revenue(TTM)7.82B
Net Income(TTM)456.90M
Analysts84.62
Price Target71.44 (-2.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
Yearly Dividend2.53
Dividend Growth(5Y)10.14%
DP55.55%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.65%
Min EPS beat(2)-6.4%
Max EPS beat(2)-2.9%
EPS beat(4)1
Avg EPS beat(4)-3.37%
Min EPS beat(4)-7.74%
Max EPS beat(4)3.55%
EPS beat(8)2
Avg EPS beat(8)-3.46%
EPS beat(12)5
Avg EPS beat(12)0.61%
EPS beat(16)7
Avg EPS beat(16)0.02%
Revenue beat(2)0
Avg Revenue beat(2)-4.13%
Min Revenue beat(2)-4.94%
Max Revenue beat(2)-3.31%
Revenue beat(4)0
Avg Revenue beat(4)-4.59%
Min Revenue beat(4)-6.17%
Max Revenue beat(4)-3.31%
Revenue beat(8)1
Avg Revenue beat(8)-3.44%
Revenue beat(12)5
Avg Revenue beat(12)0.03%
Revenue beat(16)7
Avg Revenue beat(16)0.36%
PT rev (1m)0%
PT rev (3m)-0.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.71 | ||
| Fwd PE | 12.94 | ||
| P/S | 0.97 | ||
| P/FCF | 22.3 | ||
| P/OCF | 13.96 | ||
| P/B | 3.33 | ||
| P/tB | 7.06 | ||
| EV/EBITDA | 8.5 |
EPS(TTM)4.66
EY6.37%
EPS(NY)5.66
Fwd EY7.73%
FCF(TTM)3.28
FCFY4.48%
OCF(TTM)5.24
OCFY7.16%
SpS75.23
BVpS22
TBVpS10.37
PEG (NY)N/A
PEG (5Y)0.5
Graham Number48.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.55% | ||
| ROE | 19.97% | ||
| ROCE | 17.11% | ||
| ROIC | 12.84% | ||
| ROICexc | 19.12% | ||
| ROICexgc | 40.04% | ||
| OM | 7.53% | ||
| PM (TTM) | 5.84% | ||
| GM | 51.89% | ||
| FCFM | 4.36% |
ROA(3y)5.64%
ROA(5y)4.82%
ROE(3y)22.46%
ROE(5y)20.91%
ROIC(3y)13.75%
ROIC(5y)11.75%
ROICexc(3y)27.92%
ROICexc(5y)23.65%
ROICexgc(3y)67%
ROICexgc(5y)55.73%
ROCE(3y)18.46%
ROCE(5y)15.74%
ROICexgc growth 3Y1.37%
ROICexgc growth 5Y14.82%
ROICexc growth 3Y6.72%
ROICexc growth 5Y18.35%
OM growth 3Y3.96%
OM growth 5Y14.56%
PM growth 3Y5.84%
PM growth 5Y25.54%
GM growth 3Y0.42%
GM growth 5Y-0.28%
F-Score6
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.38 | ||
| Debt/EBITDA | 0.58 | ||
| Cap/Depr | 84.54% | ||
| Cap/Sales | 2.61% | ||
| Interest Coverage | 17.24 | ||
| Cash Conversion | 65.65% | ||
| Profit Quality | 74.72% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 2.49 |
F-Score6
WACC7.35%
ROIC/WACC1.75
Cap/Depr(3y)72.22%
Cap/Depr(5y)59.44%
Cap/Sales(3y)2.06%
Cap/Sales(5y)1.84%
Profit Quality(3y)89.01%
Profit Quality(5y)115.27%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.36%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-4.2%
EPS Next Y-4.79%
EPS Next 2Y6.35%
EPS Next 3Y8.21%
EPS Next 5Y6.84%
Revenue 1Y (TTM)-7.68%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-7.57%
Revenue Next Year-5.29%
Revenue Next 2Y1.82%
Revenue Next 3Y3.34%
Revenue Next 5Y4.81%
EBIT growth 1Y-14.61%
EBIT growth 3Y13.07%
EBIT growth 5Y19.71%
EBIT Next Year24.56%
EBIT Next 3Y15.75%
EBIT Next 5Y12.61%
FCF growth 1Y88.93%
FCF growth 3Y2.58%
FCF growth 5Y-8.28%
OCF growth 1Y58.96%
OCF growth 3Y6.07%
OCF growth 5Y-5.06%
ANDRITZ AG / AZ2.DE FAQ
Can you provide the ChartMill fundamental rating for ANDRITZ AG?
ChartMill assigns a fundamental rating of 6 / 10 to AZ2.DE.
What is the valuation status of ANDRITZ AG (AZ2.DE) stock?
ChartMill assigns a valuation rating of 5 / 10 to ANDRITZ AG (AZ2.DE). This can be considered as Fairly Valued.
What is the profitability of AZ2 stock?
ANDRITZ AG (AZ2.DE) has a profitability rating of 8 / 10.
How financially healthy is ANDRITZ AG?
The financial health rating of ANDRITZ AG (AZ2.DE) is 5 / 10.
Is the dividend of ANDRITZ AG sustainable?
The dividend rating of ANDRITZ AG (AZ2.DE) is 7 / 10 and the dividend payout ratio is 55.55%.