ANDRITZ AG (AZ2.DE) Stock Fundamental Analysis
FRA:AZ2 - Deutsche Boerse Ag - AT0000730007 - Common Stock - Currency: EUR
AZ2 gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 106 industry peers in the Machinery industry. AZ2 scores excellent on profitability, but there are some minor concerns on its financial health. AZ2 is not valued too expensively and it also shows a decent growth rate. Finally AZ2 also has an excellent dividend rating. These ratings would make AZ2 suitable 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.
AZ2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AZ2's Return On Assets of 6.12% is amongst the best of the industry. AZ2 outperforms 80.19% of its industry peers.
The Return On Equity of AZ2 (23.15%) is better than 88.68% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.17%, AZ2 belongs to the top of the industry, outperforming 89.62% 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 8.60%.
The last Return On Invested Capital (14.17%) for AZ2 is above the 3 year average (13.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.12% | ||
| ROE | 23.15% | ||
| ROIC | 14.17% |
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 5.97% is fine compared to the rest of the industry. AZ2 outperforms 71.70% of its industry peers.
In the last couple of years the Profit Margin of AZ2 has grown nicely.
With a decent Operating Margin value of 7.96%, AZ2 is doing good in the industry, outperforming 64.15% of the companies in the same industry.
AZ2's Operating Margin has improved in the last couple of years.
AZ2's Gross Margin of 49.35% is fine compared to the rest of the industry. AZ2 outperforms 66.98% 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 | 7.96% | ||
| PM (TTM) | 5.97% | ||
| GM | 49.35% |
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%
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
AZ2 has an Altman-Z score of 2.47. 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 (2.47) which is comparable to the rest of the industry.
The Debt to FCF ratio of AZ2 is 1.73, which is an excellent value as it means it would take AZ2, only 1.73 years of fcf income to pay off all of its debts.
AZ2 has a better Debt to FCF ratio (1.73) than 85.85% of its industry peers.
AZ2 has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.31, AZ2 perfoms like the industry average, outperforming 54.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.73 | ||
| Altman-Z | 2.47 |
ROIC/WACC2.07
WACC6.86%
2.3 Liquidity
A Current Ratio of 1.18 indicates that AZ2 should not have too much problems paying 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 74.53% of its industry peers.
A Quick Ratio of 0.91 indicates that AZ2 may have some problems paying its short term obligations.
With a Quick ratio value of 0.91, AZ2 perfoms like the industry average, outperforming 40.57% 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 -19.74%.
AZ2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.53% yearly.
Looking at the last year, AZ2 shows a decrease in Revenue. The Revenue has decreased by -4.00% in the last year.
The Revenue has been growing slightly by 4.49% on average over the past years.
EPS 1Y (TTM)-19.74%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-84.08%
Revenue 1Y (TTM)-4%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-13.57%
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.
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 Y6.13%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue Next Year-3.06%
Revenue Next 2Y2.19%
Revenue Next 3Y3.34%
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
The Price/Earnings ratio is 14.99, which indicates a correct valuation of AZ2.
65.09% 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 (28.22), we can say AZ2 is valued slightly cheaper.
With a Price/Forward Earnings ratio of 10.17, the valuation of AZ2 can be described as very reasonable.
73.58% of the companies in the same industry are more expensive than AZ2, based on the Price/Forward Earnings ratio.
AZ2 is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.99 | ||
| Fwd PE | 10.17 |
4.2 Price Multiples
66.98% 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 68.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.17 | ||
| EV/EBITDA | 6.09 |
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)2.45
PEG (5Y)0.48
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.
AZ2's Dividend Yield is rather good when compared to the industry average which is at 3.03. AZ2 pays more dividend than 92.45% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, 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 10.14%!
Dividend Growth(5Y)10.14%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
50.05% of the earnings are spent on dividend by AZ2. 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.
DP50.05%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
FRA:AZ2 (5/2/2025, 7:00:00 PM)
61.75
-1 (-1.59%)
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 Cap6.42B
Analysts82.5
Price Target70.9 (14.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
Yearly Dividend2.53
Dividend Growth(5Y)10.14%
DP50.05%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.17%
Min EPS beat(2)-7.89%
Max EPS beat(2)3.55%
EPS beat(4)1
Avg EPS beat(4)-3.79%
Min EPS beat(4)-7.89%
Max EPS beat(4)3.55%
EPS beat(8)5
Avg EPS beat(8)3.94%
EPS beat(12)7
Avg EPS beat(12)1.47%
EPS beat(16)8
Avg EPS beat(16)0.15%
Revenue beat(2)0
Avg Revenue beat(2)-5.81%
Min Revenue beat(2)-6.17%
Max Revenue beat(2)-5.44%
Revenue beat(4)0
Avg Revenue beat(4)-4.63%
Min Revenue beat(4)-6.17%
Max Revenue beat(4)-2.13%
Revenue beat(8)4
Avg Revenue beat(8)0.57%
Revenue beat(12)7
Avg Revenue beat(12)1.69%
Revenue beat(16)8
Avg Revenue beat(16)0.73%
PT rev (1m)5.05%
PT rev (3m)5.46%
EPS NQ rev (1m)-20.21%
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.48%
EPS NY rev (3m)1.29%
Revenue NQ rev (1m)-6.07%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.28%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.99 | ||
| Fwd PE | 10.17 | ||
| P/S | 0.77 | ||
| P/FCF | 14.17 | ||
| P/OCF | 10.15 | ||
| P/B | 2.99 | ||
| P/tB | 5.66 | ||
| EV/EBITDA | 6.09 |
EPS(TTM)4.12
EY6.67%
EPS(NY)6.07
Fwd EY9.83%
FCF(TTM)4.36
FCFY7.06%
OCF(TTM)6.08
OCFY9.85%
SpS79.94
BVpS20.62
TBVpS10.92
PEG (NY)2.45
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.12% | ||
| ROE | 23.15% | ||
| ROCE | 18.88% | ||
| ROIC | 14.17% | ||
| ROICexc | 24.7% | ||
| ROICexgc | 49.59% | ||
| OM | 7.96% | ||
| PM (TTM) | 5.97% | ||
| GM | 49.35% | ||
| FCFM | 5.45% |
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-Score8
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.73 | ||
| Debt/EBITDA | 0.76 | ||
| Cap/Depr | 79.42% | ||
| Cap/Sales | 2.16% | ||
| Interest Coverage | 17.02 | ||
| Cash Conversion | 71.27% | ||
| Profit Quality | 91.3% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 2.47 |
F-Score8
WACC6.86%
ROIC/WACC2.07
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)-19.74%
EPS 3Y15.21%
EPS 5Y31.53%
EPS Q2Q%-84.08%
EPS Next Y6.13%
EPS Next 2Y10.19%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-4%
Revenue growth 3Y8.76%
Revenue growth 5Y4.49%
Sales Q2Q%-13.57%
Revenue Next Year-3.06%
Revenue Next 2Y2.19%
Revenue Next 3Y3.34%
Revenue Next 5Y4.81%
EBIT growth 1Y-4.54%
EBIT growth 3Y13.07%
EBIT growth 5Y19.71%
EBIT Next Year30.04%
EBIT Next 3Y15.49%
EBIT Next 5YN/A
FCF growth 1Y121.88%
FCF growth 3Y2.58%
FCF growth 5Y-8.28%
OCF growth 1Y68.7%
OCF growth 3Y6.07%
OCF growth 5Y-5.06%