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 110 industry peers in the Machinery industry. While AZ2 has a great profitability rating, there are some minor concerns on its financial health. AZ2 is not valued too expensively and it also shows a decent growth rate. AZ2 also has an excellent dividend rating. These ratings could make AZ2 a good candidate for dividend investing.
1. Profitability
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.94%, AZ2 is in the better half of the industry, outperforming 76.36% of the companies in the same industry.
Looking at the Return On Equity, with a value of 22.72%, AZ2 belongs to the top of the industry, outperforming 89.09% of the companies in the same industry.
With an excellent Return On Invested Capital value of 14.76%, AZ2 belongs to the best of the industry, outperforming 91.82% 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 8.45%.
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
AZ2's Profit Margin of 5.88% is fine compared to the rest of the industry. AZ2 outperforms 70.00% of its industry peers.
AZ2's Profit Margin has improved in the last couple of years.
The Operating Margin of AZ2 (7.92%) is better than 63.64% of its industry peers.
AZ2's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 50.21%, AZ2 is doing good in the industry, outperforming 65.45% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
The debt/assets ratio for AZ2 has been reduced compared to a year ago.
2.2 Solvency
AZ2 has an Altman-Z score of 2.43. 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 2.43 is in line compared to the rest of the industry. AZ2 outperforms 59.09% 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.
AZ2's Debt to FCF ratio of 3.28 is fine compared to the rest of the industry. AZ2 outperforms 72.73% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that AZ2 is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.24, AZ2 is doing good in the industry, outperforming 62.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 3.28 | ||
| Altman-Z | 2.43 |
ROIC/WACC2.16
WACC6.85%
2.3 Liquidity
A Current Ratio of 1.11 indicates that AZ2 should not have too much problems paying its short term obligations.
AZ2 has a Current ratio of 1.11. This is in the lower half of the industry: AZ2 underperforms 79.09% of its industry peers.
A Quick Ratio of 0.86 indicates that AZ2 may have some problems paying its short term obligations.
With a Quick ratio value of 0.86, AZ2 is not doing good in the industry: 62.73% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been growing by 31.53% on average over the past years. This is a very strong growth
The Revenue has decreased by -4.60% in the past 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)-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
The Earnings Per Share is expected to grow by 9.59% on average over the next years. This is quite good.
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.56, AZ2 is valued correctly.
74.55% 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 (26.25), we can say AZ2 is valued rather cheaply.
A Price/Forward Earnings ratio of 10.06 indicates a reasonable valuation of AZ2.
AZ2's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AZ2 is cheaper than 74.55% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AZ2 to the average of the S&P500 Index (22.15), we can say AZ2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 10.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AZ2 is valued a bit cheaper than the industry average as 69.09% of the companies are valued more expensively.
AZ2's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.31 | ||
| EV/EBITDA | 6.2 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AZ2 does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of AZ2 may justify a higher PE ratio.
PEG (NY)2.05
PEG (5Y)0.4
EPS Next 2Y10.19%
EPS Next 3Y9.59%
5. Dividend
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 3.25, AZ2 pays a better dividend. On top of this AZ2 pays more dividend than 90.00% 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 Years3
Div Non Decr Years3
5.3 Sustainability
AZ2 pays out 9.64% of its income as dividend. This is a sustainable payout ratio.
The dividend of AZ2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP9.64%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
FRA:AZ2 (5/30/2025, 7:00:00 PM)
61.05
-0.15 (-0.25%)
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 Cap6.35B
Analysts82.5
Price Target70.92 (16.17%)
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 Years3
Div Non Decr Years3
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)5.18%
PT rev (3m)5.79%
EPS NQ rev (1m)-6.38%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 10.06 | ||
| P/S | 0.78 | ||
| P/FCF | 28.31 | ||
| P/OCF | 15.09 | ||
| P/B | 3 | ||
| P/tB | 6.1 | ||
| EV/EBITDA | 6.2 |
EPS(TTM)4.86
EY7.96%
EPS(NY)6.07
Fwd EY9.94%
FCF(TTM)2.16
FCFY3.53%
OCF(TTM)4.05
OCFY6.63%
SpS78.74
BVpS20.36
TBVpS10.01
PEG (NY)2.05
PEG (5Y)0.4
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 | 2.43 |
F-Score5
WACC6.85%
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%