ANDRITZ AG (AZ2.DE) Stock Fundamental Analysis
FRA:AZ2 • AT0000730007
73.35 EUR
-0.05 (-0.07%)
Last: Feb 27, 2026, 07:00 PM
AZ2 gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 107 industry peers in the Machinery industry. AZ2 scores excellent on profitability, but 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. With these ratings, AZ2 could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
- AZ2 had positive earnings in the past year.
- AZ2 had a positive operating cash flow in the past year.
- AZ2 had positive earnings in each of the past 5 years.
- In the past 5 years AZ2 always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 5.55%, AZ2 is in the better half of the industry, outperforming 73.87% of the companies in the same industry.
- The Return On Equity of AZ2 (19.97%) is better than 86.49% of its industry peers.
- With an excellent Return On Invested Capital value of 12.84%, AZ2 belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for AZ2 is above the industry average of 8.81%.
| 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
- Looking at the Profit Margin, with a value of 5.84%, AZ2 is in the better half of the industry, outperforming 63.96% of the companies in the same industry.
- AZ2's Profit Margin has improved in the last couple of years.
- AZ2 has a Operating Margin of 7.53%. This is in the better half of the industry: AZ2 outperforms 61.26% of its industry peers.
- In the last couple of years the Operating Margin of AZ2 has grown nicely.
- AZ2 has a better Gross Margin (51.89%) than 70.27% 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
- AZ2 has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, AZ2 has less shares outstanding
- Compared to 5 years ago, AZ2 has less shares outstanding
- Compared to 1 year ago, AZ2 has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.49 indicates that AZ2 is not a great score, but indicates only limited risk for bankruptcy at the moment.
- AZ2 has a Altman-Z score of 2.49. This is comparable to the rest of the industry: AZ2 outperforms 58.56% of its industry peers.
- AZ2 has a debt to FCF ratio of 2.38. This is a good value and a sign of high solvency as AZ2 would need 2.38 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 2.38, AZ2 is doing good in the industry, outperforming 75.68% of the companies in the same industry.
- A Debt/Equity ratio of 0.21 indicates that AZ2 is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.21, AZ2 is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | 2.49 |
ROIC/WACC1.79
WACC7.18%
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 75.68% 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 Quick ratio of 0.84. This is in the lower half of the industry: AZ2 underperforms 63.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
- AZ2 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.36%.
- Measured over the past years, AZ2 shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.53% on average per year.
- Looking at the last year, AZ2 shows a decrease in Revenue. The Revenue has decreased by -7.68% in the last year.
- Measured over the past years, AZ2 shows a small growth in Revenue. The Revenue has been growing by 4.49% on average per year.
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
- Based on estimates for the next years, AZ2 will show a small growth in Earnings Per Share. The EPS will grow by 6.84% on average per year.
- 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-5.77%
Revenue Next 2Y0.37%
Revenue Next 3Y2.62%
Revenue Next 5Y4.81%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- Based on the Price/Earnings ratio of 15.74, the valuation of AZ2 can be described as correct.
- 81.08% of the companies in the same industry are more expensive than AZ2, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of AZ2 to the average of the S&P500 Index (27.07), we can say AZ2 is valued slightly cheaper.
- AZ2 is valuated correctly with a Price/Forward Earnings ratio of 12.97.
- Based on the Price/Forward Earnings ratio, AZ2 is valued a bit cheaper than 70.27% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of AZ2 to the average of the S&P500 Index (28.05), we can say AZ2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.74 | ||
| Fwd PE | 12.97 |
4.2 Price Multiples
- AZ2's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AZ2 is cheaper than 63.96% 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 | 22.34 | ||
| EV/EBITDA | 8.52 |
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 1.45. AZ2 pays more dividend than 94.59% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, AZ2 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
5.2 History
- On average, the dividend of AZ2 grows each year by 10.14%, which is quite nice.
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 (2/27/2026, 7:00:00 PM)
73.35
-0.05 (-0.07%)
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 Cap7.63B
Revenue(TTM)7.82B
Net Income(TTM)456.90M
Analysts84.62
Price Target79.14 (7.89%)
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)10.78%
PT rev (3m)9.62%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)-0.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)-4.06%
Revenue NQ rev (3m)-4.06%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.74 | ||
| Fwd PE | 12.97 | ||
| P/S | 0.98 | ||
| P/FCF | 22.34 | ||
| P/OCF | 13.99 | ||
| P/B | 3.33 | ||
| P/tB | 7.08 | ||
| EV/EBITDA | 8.52 |
EPS(TTM)4.66
EY6.35%
EPS(NY)5.66
Fwd EY7.71%
FCF(TTM)3.28
FCFY4.48%
OCF(TTM)5.24
OCFY7.15%
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
WACC7.18%
ROIC/WACC1.79
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-5.77%
Revenue Next 2Y0.37%
Revenue Next 3Y2.62%
Revenue Next 5Y4.81%
EBIT growth 1Y-14.61%
EBIT growth 3Y13.07%
EBIT growth 5Y19.71%
EBIT Next Year25.01%
EBIT Next 3Y14.77%
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%.