ANDRITZ AG (AZ2.DE) Stock Fundamental Analysis
FRA:AZ2 - Deutsche Boerse Ag - AT0000730007 - Common Stock - Currency: EUR
AZ2 gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 104 industry peers in the Machinery industry. While AZ2 has a great profitability rating, 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.
In the past year AZ2 had a positive cash flow from operations.
AZ2 had positive earnings in 4 of the past 5 years.
AZ2 had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.25%, AZ2 is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 23.67%, AZ2 belongs to the top of the industry, outperforming 91.35% of the companies in the same industry.
With an excellent Return On Invested Capital value of 14.62%, AZ2 belongs to the best of the industry, outperforming 92.31% 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 8.40%.
The last Return On Invested Capital (14.62%) for AZ2 is above the 3 year average (12.13%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 23.67% | ||
| ROIC | 14.62% |
ROA(3y)5.02%
ROA(5y)3.95%
ROE(3y)22.09%
ROE(5y)18.66%
ROIC(3y)12.13%
ROIC(5y)9.92%
1.3 Margins
Looking at the Profit Margin, with a value of 5.94%, AZ2 is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
In the last couple of years the Profit Margin of AZ2 has grown nicely.
The Operating Margin of AZ2 (8.13%) is better than 68.27% of its industry peers.
In the last couple of years the Operating Margin of AZ2 has grown nicely.
AZ2 has a better Gross Margin (47.02%) than 64.42% of its industry peers.
In the last couple of years the Gross Margin of AZ2 has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.13% | ||
| PM (TTM) | 5.94% | ||
| GM | 47.02% |
OM growth 3Y16.33%
OM growth 5Y7.61%
PM growth 3Y23.98%
PM growth 5Y9.87%
GM growth 3Y0.39%
GM growth 5Y-1.86%
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.
There is no outstanding debt for AZ2. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
AZ2 has an Altman-Z score of 2.51. 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.
AZ2's Altman-Z score of 2.51 is fine compared to the rest of the industry. AZ2 outperforms 63.46% of its industry peers.
The Debt to FCF ratio of AZ2 is 1.34, which is an excellent value as it means it would take AZ2, only 1.34 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.34, AZ2 belongs to the top of the industry, outperforming 91.35% of the companies in the same industry.
AZ2 has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
AZ2 has a Debt to Equity ratio (0.31) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.34 | ||
| Altman-Z | 2.51 |
ROIC/WACC2.22
WACC6.6%
2.3 Liquidity
AZ2 has a Current Ratio of 1.18. This is a normal value and indicates that AZ2 is financially healthy and should not expect problems in meeting its short term obligations.
AZ2's Current ratio of 1.18 is on the low side compared to the rest of the industry. AZ2 is outperformed by 73.08% of its industry peers.
AZ2 has a Quick Ratio of 1.18. This is a bad value and indicates that AZ2 is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.91, AZ2 is in line with its industry, outperforming 41.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
AZ2 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.18%.
AZ2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.08% yearly.
EPS 1Y (TTM)-27.18%
EPS 3Y4.54%
EPS 5Y24.08%
EPS Q2Q%-80.89%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-7.66%
3.2 Future
AZ2 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.44% yearly.
Based on estimates for the next years, AZ2 will show a small growth in Revenue. The Revenue will grow by 4.81% on average per year.
EPS Next Y38.69%
EPS Next 2Y25.28%
EPS Next 3Y11.44%
EPS Next 5YN/A
Revenue Next Year-1.8%
Revenue Next 2Y2.99%
Revenue Next 3Y2.4%
Revenue Next 5Y4.81%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.64, AZ2 is valued correctly.
Based on the Price/Earnings ratio, AZ2 is valued a bit cheaper than the industry average as 64.42% of the companies are valued more expensively.
AZ2's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
AZ2 is valuated correctly with a Price/Forward Earnings ratio of 12.01.
Based on the Price/Forward Earnings ratio, AZ2 is valued a bit cheaper than the industry average as 68.27% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.10. AZ2 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.64 | ||
| Fwd PE | 12.01 |
4.2 Price Multiples
70.19% of the companies in the same industry are more expensive than AZ2, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AZ2 is valued a bit cheaper than 72.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.08 | ||
| EV/EBITDA | 5.89 |
4.3 Compensation for Growth
AZ2's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AZ2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.43
PEG (5Y)0.69
EPS Next 2Y25.28%
EPS Next 3Y11.44%
5. Dividend
5.1 Amount
AZ2 has a Yearly Dividend Yield of 4.26%, which is a nice return.
Compared to an average industry Dividend Yield of 2.63, AZ2 pays a better dividend. On top of this AZ2 pays more dividend than 94.23% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, 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 6.22%!
Dividend Growth(5Y)6.22%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
49.08% of the earnings are spent on dividend by AZ2. This is a bit on the high side, but may be sustainable.
AZ2's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.08%
EPS Next 2Y25.28%
EPS Next 3Y11.44%
FRA:AZ2 (3/7/2025, 7:00:00 PM)
62.25
+0.6 (+0.97%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners28.79%
Inst Owner ChangeN/A
Ins Owners31.5%
Ins Owner ChangeN/A
Market Cap6.47B
Analysts80
Price Target67.04 (7.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
Yearly Dividend2.1
Dividend Growth(5Y)6.22%
DP49.08%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.41%
Min EPS beat(2)-6.35%
Max EPS beat(2)-4.46%
EPS beat(4)2
Avg EPS beat(4)0.14%
Min EPS beat(4)-6.35%
Max EPS beat(4)6.84%
EPS beat(8)5
Avg EPS beat(8)4.66%
EPS beat(12)6
Avg EPS beat(12)0.54%
EPS beat(16)8
Avg EPS beat(16)0.09%
Revenue beat(2)0
Avg Revenue beat(2)-3.45%
Min Revenue beat(2)-4.78%
Max Revenue beat(2)-2.13%
Revenue beat(4)2
Avg Revenue beat(4)-0.67%
Min Revenue beat(4)-4.78%
Max Revenue beat(4)3.2%
Revenue beat(8)6
Avg Revenue beat(8)4.1%
Revenue beat(12)7
Avg Revenue beat(12)2.12%
Revenue beat(16)9
Avg Revenue beat(16)1.96%
PT rev (1m)-0.29%
PT rev (3m)-6.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.91%
EPS NY rev (3m)-3.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)-2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.64 | ||
| Fwd PE | 12.01 | ||
| P/S | 0.76 | ||
| P/FCF | 11.08 | ||
| P/OCF | 8.52 | ||
| P/B | 3.02 | ||
| P/tB | 5.7 | ||
| EV/EBITDA | 5.89 |
EPS(TTM)3.74
EY6.01%
EPS(NY)5.18
Fwd EY8.32%
FCF(TTM)5.62
FCFY9.03%
OCF(TTM)7.31
OCFY11.74%
SpS82.09
BVpS20.62
TBVpS10.92
PEG (NY)0.43
PEG (5Y)0.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 23.67% | ||
| ROCE | 19.8% | ||
| ROIC | 14.62% | ||
| ROICexc | 25.49% | ||
| ROICexgc | 51.19% | ||
| OM | 8.13% | ||
| PM (TTM) | 5.94% | ||
| GM | 47.02% | ||
| FCFM | 6.84% |
ROA(3y)5.02%
ROA(5y)3.95%
ROE(3y)22.09%
ROE(5y)18.66%
ROIC(3y)12.13%
ROIC(5y)9.92%
ROICexc(3y)26.05%
ROICexc(5y)20.53%
ROICexgc(3y)65.32%
ROICexgc(5y)50.19%
ROCE(3y)16.43%
ROCE(5y)13.43%
ROICexcg growth 3Y28.81%
ROICexcg growth 5Y15.68%
ROICexc growth 3Y28%
ROICexc growth 5Y18.1%
OM growth 3Y16.33%
OM growth 5Y7.61%
PM growth 3Y23.98%
PM growth 5Y9.87%
GM growth 3Y0.39%
GM growth 5Y-1.86%
F-Score8
Asset Turnover1.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.34 | ||
| Debt/EBITDA | 0.73 | ||
| Cap/Depr | 75.52% | ||
| Cap/Sales | 2.06% | ||
| Interest Coverage | 16.45 | ||
| Cash Conversion | 82.01% | ||
| Profit Quality | 115.13% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 2.51 |
F-Score8
WACC6.6%
ROIC/WACC2.22
Cap/Depr(3y)61.14%
Cap/Depr(5y)51.7%
Cap/Sales(3y)1.91%
Cap/Sales(5y)1.77%
Profit Quality(3y)101.59%
Profit Quality(5y)206.3%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.18%
EPS 3Y4.54%
EPS 5Y24.08%
EPS Q2Q%-80.89%
EPS Next Y38.69%
EPS Next 2Y25.28%
EPS Next 3Y11.44%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-7.66%
Revenue Next Year-1.8%
Revenue Next 2Y2.99%
Revenue Next 3Y2.4%
Revenue Next 5Y4.81%
EBIT growth 1Y6.8%
EBIT growth 3Y26.72%
EBIT growth 5Y15.68%
EBIT Next Year31.28%
EBIT Next 3Y13.28%
EBIT Next 5Y6.24%
FCF growth 1Y-10.56%
FCF growth 3Y-18.21%
FCF growth 5YN/A
OCF growth 1Y-3.76%
OCF growth 3Y-6.66%
OCF growth 5Y117.83%