ANDRITZ AG (AZ2.DE) Stock Fundamental Analysis
FRA:AZ2 - Deutsche Boerse Ag - AT0000730007 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to AZ2. AZ2 was compared to 108 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 decent growth rate and is not valued too expensively. AZ2 also has an excellent dividend rating. These ratings could make AZ2 a good candidate 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.
AZ2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AZ2 (5.94%) is better than 75.00% of its industry peers.
AZ2 has a better Return On Equity (22.72%) than 88.89% of its industry peers.
With an excellent Return On Invested Capital value of 14.76%, AZ2 belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
AZ2 had an Average Return On Invested Capital over the past 3 years of 13.75%. This is above the industry average of 9.09%.
The 3 year average ROIC (13.75%) for AZ2 is below the current ROIC(14.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.94% | ||
| ROE | 22.72% | ||
| ROIC | 14.76% |
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 5.88%, AZ2 is in the better half of the industry, outperforming 69.44% of the companies in the same industry.
AZ2's Profit Margin has improved in the last couple of years.
AZ2 has a better Operating Margin (7.92%) than 60.19% of its industry peers.
AZ2's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.21%, AZ2 is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
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 | 7.92% | ||
| PM (TTM) | 5.88% | ||
| GM | 50.21% |
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.
The number of shares outstanding for AZ2 has been reduced compared to 1 year ago.
The number of shares outstanding for AZ2 has been reduced compared to 5 years ago.
The debt/assets ratio for AZ2 has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.41 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 2.41. This is comparable to the rest of the industry: AZ2 outperforms 54.63% of its industry peers.
AZ2 has a debt to FCF ratio of 3.28. This is a good value and a sign of high solvency as AZ2 would need 3.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.28, AZ2 is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
A Debt/Equity ratio of 0.24 indicates that AZ2 is not too dependend on debt financing.
The Debt to Equity ratio of AZ2 (0.24) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 3.28 | ||
| Altman-Z | 2.41 |
ROIC/WACC2.16
WACC6.84%
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 78.70% of its industry peers.
AZ2 has a Quick Ratio of 1.11. 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 0.86, AZ2 is doing worse than 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for AZ2 have decreased by -5.26% in the last year.
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 -4.60% 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)-5.26%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)-4.6%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-6.63%
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 9.59% yearly.
AZ2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.81% yearly.
EPS Next Y6.13%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue Next Year-3.35%
Revenue Next 2Y2.11%
Revenue Next 3Y3.33%
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 12.30.
75.93% of the companies in the same industry are more expensive than AZ2, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.34, AZ2 is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.85, the valuation of AZ2 can be described as reasonable.
Based on the Price/Forward Earnings ratio, AZ2 is valued a bit cheaper than the industry average as 72.22% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of AZ2 to the average of the S&P500 Index (22.19), we can say AZ2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.3 | ||
| Fwd PE | 9.85 |
4.2 Price Multiples
AZ2's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AZ2 is cheaper than 73.15% of the companies in the same industry.
AZ2's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.73 | ||
| EV/EBITDA | 5.99 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of AZ2 may justify a higher PE ratio.
PEG (NY)2.01
PEG (5Y)0.39
EPS Next 2Y10.19%
EPS Next 3Y9.59%
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 2.65, AZ2 pays a better dividend. On top of this AZ2 pays more dividend than 93.52% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, 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
9.64% of the earnings are spent on dividend by AZ2. This is a low number and sustainable payout ratio.
AZ2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP9.64%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
FRA:AZ2 (6/19/2025, 7:00:00 PM)
59.8
-0.45 (-0.75%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners27.42%
Inst Owner ChangeN/A
Ins Owners31.5%
Ins Owner ChangeN/A
Market Cap6.22B
Analysts82.67
Price Target71.63 (19.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
Yearly Dividend2.53
Dividend Growth(5Y)10.14%
DP9.64%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.1%
Min EPS beat(2)-7.74%
Max EPS beat(2)3.55%
EPS beat(4)1
Avg EPS beat(4)-4.61%
Min EPS beat(4)-7.89%
Max EPS beat(4)3.55%
EPS beat(8)4
Avg EPS beat(8)0.03%
EPS beat(12)7
Avg EPS beat(12)2.54%
EPS beat(16)7
Avg EPS beat(16)-0.97%
Revenue beat(2)0
Avg Revenue beat(2)-5.04%
Min Revenue beat(2)-6.17%
Max Revenue beat(2)-3.91%
Revenue beat(4)0
Avg Revenue beat(4)-4.42%
Min Revenue beat(4)-6.17%
Max Revenue beat(4)-2.13%
Revenue beat(8)3
Avg Revenue beat(8)-1.54%
Revenue beat(12)7
Avg Revenue beat(12)1.81%
Revenue beat(16)7
Avg Revenue beat(16)0.42%
PT rev (1m)1.01%
PT rev (3m)6.86%
EPS NQ rev (1m)12.82%
EPS NQ rev (3m)-6.38%
EPS NY rev (1m)0%
EPS NY rev (3m)2.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.3 | ||
| Fwd PE | 9.85 | ||
| P/S | 0.76 | ||
| P/FCF | 27.73 | ||
| P/OCF | 14.78 | ||
| P/B | 2.94 | ||
| P/tB | 5.97 | ||
| EV/EBITDA | 5.99 |
EPS(TTM)4.86
EY8.13%
EPS(NY)6.07
Fwd EY10.15%
FCF(TTM)2.16
FCFY3.61%
OCF(TTM)4.05
OCFY6.76%
SpS78.74
BVpS20.36
TBVpS10.01
PEG (NY)2.01
PEG (5Y)0.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.94% | ||
| ROE | 22.72% | ||
| ROCE | 19.68% | ||
| ROIC | 14.76% | ||
| ROICexc | 25.64% | ||
| ROICexgc | 59.25% | ||
| OM | 7.92% | ||
| PM (TTM) | 5.88% | ||
| GM | 50.21% | ||
| FCFM | 2.74% |
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%
ROICexcg growth 3Y1.37%
ROICexcg 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-Score5
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 3.28 | ||
| Debt/EBITDA | 0.59 | ||
| Cap/Depr | 85.43% | ||
| Cap/Sales | 2.4% | ||
| Interest Coverage | 16.85 | ||
| Cash Conversion | 47.88% | ||
| Profit Quality | 46.61% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 2.41 |
F-Score5
WACC6.84%
ROIC/WACC2.16
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)-5.26%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-13.33%
EPS Next Y6.13%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.6%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-6.63%
Revenue Next Year-3.35%
Revenue Next 2Y2.11%
Revenue Next 3Y3.33%
Revenue Next 5Y4.81%
EBIT growth 1Y-5.62%
EBIT growth 3Y13.07%
EBIT growth 5Y19.71%
EBIT Next Year30.36%
EBIT Next 3Y15.6%
EBIT Next 5YN/A
FCF growth 1Y-24.83%
FCF growth 3Y2.58%
FCF growth 5Y-8.28%
OCF growth 1Y-6.82%
OCF growth 3Y6.07%
OCF growth 5Y-5.06%