ANDRITZ AG (AZ2.DE) Fundamental Analysis & Valuation

FRA:AZ2 • AT0000730007

Current stock price

63.7 EUR
-0.1 (-0.16%)
Last:

This AZ2.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. AZ2.DE Profitability Analysis

1.1 Basic Checks

  • In the past year AZ2 was profitable.
  • AZ2 had a positive operating cash flow in the past year.
  • AZ2 had positive earnings in each of the past 5 years.
  • Each year in the past 5 years AZ2 had a positive operating cash flow.
AZ2.DE Yearly Net Income VS EBIT VS OCF VS FCFAZ2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.30%, AZ2 is in the better half of the industry, outperforming 71.96% of the companies in the same industry.
  • AZ2 has a Return On Equity of 18.61%. This is amongst the best in the industry. AZ2 outperforms 87.85% of its industry peers.
  • With an excellent Return On Invested Capital value of 11.98%, AZ2 belongs to the best of the industry, outperforming 88.78% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AZ2 is significantly above the industry average of 8.48%.
Industry RankSector Rank
ROA 5.3%
ROE 18.61%
ROIC 11.98%
ROA(3y)5.8%
ROA(5y)5.29%
ROE(3y)21.28%
ROE(5y)21.33%
ROIC(3y)14.05%
ROIC(5y)12.94%
AZ2.DE Yearly ROA, ROE, ROICAZ2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 5.79%, AZ2 is in the better half of the industry, outperforming 67.29% of the companies in the same industry.
  • AZ2's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 7.39%, AZ2 is in the better half of the industry, outperforming 62.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AZ2 has grown nicely.
  • Looking at the Gross Margin, with a value of 51.15%, AZ2 is in the better half of the industry, outperforming 67.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of AZ2 has grown nicely.
Industry RankSector Rank
OM 7.39%
PM (TTM) 5.79%
GM 51.15%
OM growth 3Y1.41%
OM growth 5Y8.77%
PM growth 3Y2.15%
PM growth 5Y13.36%
GM growth 3Y2.2%
GM growth 5Y2.42%
AZ2.DE Yearly Profit, Operating, Gross MarginsAZ2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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7

2. AZ2.DE Health Analysis

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.
  • AZ2 has more shares outstanding than it did 1 year ago.
  • AZ2 has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AZ2 has been reduced compared to a year ago.
AZ2.DE Yearly Shares OutstandingAZ2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
AZ2.DE Yearly Total Debt VS Total AssetsAZ2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • AZ2 has an Altman-Z score of 2.34. 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 has a Altman-Z score (2.34) which is in line with its industry peers.
  • The Debt to FCF ratio of AZ2 is 1.75, which is an excellent value as it means it would take AZ2, only 1.75 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.75, AZ2 belongs to the top of the industry, outperforming 86.92% of the companies in the same industry.
  • AZ2 has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
  • AZ2's Debt to Equity ratio of 0.23 is fine compared to the rest of the industry. AZ2 outperforms 62.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.75
Altman-Z 2.34
ROIC/WACC1.66
WACC7.23%
AZ2.DE Yearly LT Debt VS Equity VS FCFAZ2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.13 indicates that AZ2 should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.13, AZ2 is not doing good in the industry: 77.57% of the companies in the same industry are doing better.
  • AZ2 has a Quick Ratio of 1.13. 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 0.88, AZ2 is in line with its industry, outperforming 41.12% of the companies in the same industry.
  • AZ2 does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 0.88
AZ2.DE Yearly Current Assets VS Current LiabilitesAZ2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AZ2.DE Growth Analysis

3.1 Past

  • The earnings per share for AZ2 have decreased by -7.00% in the last year.
  • The Earnings Per Share has been growing by 17.46% on average over the past years. This is quite good.
  • The Revenue has decreased by -5.18% in the past year.
  • The Revenue has been growing slightly by 3.31% on average over the past years.
EPS 1Y (TTM)-7%
EPS 3Y3.95%
EPS 5Y17.46%
EPS Q2Q%-0.64%
Revenue 1Y (TTM)-5.18%
Revenue growth 3Y1.48%
Revenue growth 5Y3.31%
Sales Q2Q%2.59%

3.2 Future

  • Based on estimates for the next years, AZ2 will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.90% on average per year.
  • AZ2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.73% yearly.
EPS Next Y20.71%
EPS Next 2Y16.07%
EPS Next 3Y11.9%
EPS Next 5YN/A
Revenue Next Year6.88%
Revenue Next 2Y6.92%
Revenue Next 3Y6.8%
Revenue Next 5Y6.73%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AZ2.DE Yearly Revenue VS EstimatesAZ2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B 10B
AZ2.DE Yearly EPS VS EstimatesAZ2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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7

4. AZ2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.70, which indicates a correct valuation of AZ2.
  • Based on the Price/Earnings ratio, AZ2 is valued cheaper than 82.24% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, AZ2 is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 11.35 indicates a reasonable valuation of AZ2.
  • Based on the Price/Forward Earnings ratio, AZ2 is valued a bit cheaper than 72.90% of the companies in the same industry.
  • AZ2's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.51.
Industry RankSector Rank
PE 13.7
Fwd PE 11.35
AZ2.DE Price Earnings VS Forward Price EarningsAZ2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AZ2 indicates a somewhat cheap valuation: AZ2 is cheaper than 70.09% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AZ2 indicates a somewhat cheap valuation: AZ2 is cheaper than 62.62% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.57
EV/EBITDA 6.77
AZ2.DE Per share dataAZ2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of AZ2 may justify a higher PE ratio.
PEG (NY)0.66
PEG (5Y)0.78
EPS Next 2Y16.07%
EPS Next 3Y11.9%

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7

5. AZ2.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.26%, AZ2 is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.54, AZ2 pays a better dividend. On top of this AZ2 pays more dividend than 95.33% of the companies listed in the same industry.
  • AZ2's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 4.26%

5.2 History

  • The dividend of AZ2 is nicely growing with an annual growth rate of 39.05%!
Dividend Growth(5Y)39.05%
Div Incr Years4
Div Non Decr Years4
AZ2.DE Yearly Dividends per shareAZ2.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • AZ2 pays out 55.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of AZ2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP55.62%
EPS Next 2Y16.07%
EPS Next 3Y11.9%
AZ2.DE Yearly Income VS Free CF VS DividendAZ2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
AZ2.DE Dividend Payout.AZ2.DE Dividend Payout, showing the Payout Ratio.AZ2.DE Dividend Payout.PayoutRetained Earnings

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AZ2.DE Fundamentals: All Metrics, Ratios and Statistics

ANDRITZ AG

FRA:AZ2 (3/26/2026, 7:00:00 PM)

63.7

-0.1 (-0.16%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)03-05
Earnings (Next)04-29
Inst Owners31.64%
Inst Owner ChangeN/A
Ins Owners31.5%
Ins Owner ChangeN/A
Market Cap6.62B
Revenue(TTM)7.88B
Net Income(TTM)456.30M
Analysts83.33
Price Target79.14 (24.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.26%
Yearly Dividend2.6
Dividend Growth(5Y)39.05%
DP55.62%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.68%
Min EPS beat(2)-2.9%
Max EPS beat(2)-2.46%
EPS beat(4)0
Avg EPS beat(4)-4.87%
Min EPS beat(4)-7.74%
Max EPS beat(4)-2.46%
EPS beat(8)1
Avg EPS beat(8)-4.33%
EPS beat(12)5
Avg EPS beat(12)1%
EPS beat(16)7
Avg EPS beat(16)-0.11%
Revenue beat(2)0
Avg Revenue beat(2)-3.58%
Min Revenue beat(2)-4.94%
Max Revenue beat(2)-2.22%
Revenue beat(4)0
Avg Revenue beat(4)-3.6%
Min Revenue beat(4)-4.94%
Max Revenue beat(4)-2.22%
Revenue beat(8)0
Avg Revenue beat(8)-4.11%
Revenue beat(12)4
Avg Revenue beat(12)-0.82%
Revenue beat(16)7
Avg Revenue beat(16)0.36%
PT rev (1m)4.6%
PT rev (3m)10.78%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-0.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-3.03%
Valuation
Industry RankSector Rank
PE 13.7
Fwd PE 11.35
P/S 0.84
P/FCF 14.57
P/OCF 10.15
P/B 2.7
P/tB 6.16
EV/EBITDA 6.77
EPS(TTM)4.65
EY7.3%
EPS(NY)5.61
Fwd EY8.81%
FCF(TTM)4.37
FCFY6.86%
OCF(TTM)6.28
OCFY9.85%
SpS75.8
BVpS23.57
TBVpS10.34
PEG (NY)0.66
PEG (5Y)0.78
Graham Number49.66
Profitability
Industry RankSector Rank
ROA 5.3%
ROE 18.61%
ROCE 15.66%
ROIC 11.98%
ROICexc 19.05%
ROICexgc 46.24%
OM 7.39%
PM (TTM) 5.79%
GM 51.15%
FCFM 5.77%
ROA(3y)5.8%
ROA(5y)5.29%
ROE(3y)21.28%
ROE(5y)21.33%
ROIC(3y)14.05%
ROIC(5y)12.94%
ROICexc(3y)24.88%
ROICexc(5y)24.99%
ROICexgc(3y)53.76%
ROICexgc(5y)58.89%
ROCE(3y)18.55%
ROCE(5y)17.03%
ROICexgc growth 3Y-20.87%
ROICexgc growth 5Y5.61%
ROICexc growth 3Y-13.93%
ROICexc growth 5Y5.31%
OM growth 3Y1.41%
OM growth 5Y8.77%
PM growth 3Y2.15%
PM growth 5Y13.36%
GM growth 3Y2.2%
GM growth 5Y2.42%
F-Score4
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.75
Debt/EBITDA 0.68
Cap/Depr 82.34%
Cap/Sales 2.51%
Interest Coverage 16.06
Cash Conversion 79.28%
Profit Quality 99.65%
Current Ratio 1.13
Quick Ratio 0.88
Altman-Z 2.34
F-Score4
WACC7.23%
ROIC/WACC1.66
Cap/Depr(3y)79.22%
Cap/Depr(5y)69.04%
Cap/Sales(3y)2.21%
Cap/Sales(5y)2.08%
Profit Quality(3y)77%
Profit Quality(5y)99.14%
High Growth Momentum
Growth
EPS 1Y (TTM)-7%
EPS 3Y3.95%
EPS 5Y17.46%
EPS Q2Q%-0.64%
EPS Next Y20.71%
EPS Next 2Y16.07%
EPS Next 3Y11.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.18%
Revenue growth 3Y1.48%
Revenue growth 5Y3.31%
Sales Q2Q%2.59%
Revenue Next Year6.88%
Revenue Next 2Y6.92%
Revenue Next 3Y6.8%
Revenue Next 5Y6.73%
EBIT growth 1Y-11.95%
EBIT growth 3Y2.91%
EBIT growth 5Y12.37%
EBIT Next Year49.88%
EBIT Next 3Y20.62%
EBIT Next 5YN/A
FCF growth 1Y0.31%
FCF growth 3Y-6.47%
FCF growth 5Y4.02%
OCF growth 1Y3.16%
OCF growth 3Y-2.8%
OCF growth 5Y7.19%

ANDRITZ AG / AZ2.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ANDRITZ AG?

ChartMill assigns a fundamental rating of 7 / 10 to AZ2.DE.


What is the valuation status of ANDRITZ AG (AZ2.DE) stock?

ChartMill assigns a valuation rating of 7 / 10 to ANDRITZ AG (AZ2.DE). This can be considered as Undervalued.


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 7 / 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 55.62%.