WABTEC CORP (WB2.DE) Fundamental Analysis & Valuation

FRA:WB2 • US9297401088

210.7 EUR
-0.2 (-0.09%)
Last: Mar 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This WB2.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall WB2 gets a fundamental rating of 5 out of 10. We evaluated WB2 against 109 industry peers in the Machinery industry. WB2 scores excellent on profitability, but there are some minor concerns on its financial health. WB2 is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. WB2.DE Profitability Analysis

1.1 Basic Checks

  • WB2 had positive earnings in the past year.
  • WB2 had a positive operating cash flow in the past year.
  • WB2 had positive earnings in each of the past 5 years.
  • Each year in the past 5 years WB2 had a positive operating cash flow.
WB2.DE Yearly Net Income VS EBIT VS OCF VS FCFWB2.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 500M 1B 1.5B

1.2 Ratios

  • WB2's Return On Assets of 5.30% is fine compared to the rest of the industry. WB2 outperforms 70.64% of its industry peers.
  • Looking at the Return On Equity, with a value of 10.50%, WB2 is in the better half of the industry, outperforming 68.81% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.49%, WB2 is doing good in the industry, outperforming 71.56% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for WB2 is in line with the industry average of 8.83%.
  • The last Return On Invested Capital (8.49%) for WB2 is above the 3 year average (7.91%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.3%
ROE 10.5%
ROIC 8.49%
ROA(3y)5.08%
ROA(5y)4.33%
ROE(3y)9.58%
ROE(5y)8.09%
ROIC(3y)7.91%
ROIC(5y)6.78%
WB2.DE Yearly ROA, ROE, ROICWB2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of WB2 (10.48%) is better than 84.40% of its industry peers.
  • In the last couple of years the Profit Margin of WB2 has grown nicely.
  • The Operating Margin of WB2 (17.15%) is better than 87.16% of its industry peers.
  • WB2's Operating Margin has improved in the last couple of years.
  • WB2's Gross Margin of 34.19% is on the low side compared to the rest of the industry. WB2 is outperformed by 63.30% of its industry peers.
  • WB2's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.15%
PM (TTM) 10.48%
GM 34.19%
OM growth 3Y8.93%
OM growth 5Y9.69%
PM growth 3Y11.44%
PM growth 5Y13.89%
GM growth 3Y2.93%
GM growth 5Y3.87%
WB2.DE Yearly Profit, Operating, Gross MarginsWB2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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5

2. WB2.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WB2 is destroying value.
  • WB2 has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, WB2 has less shares outstanding
  • The debt/assets ratio for WB2 is higher compared to a year ago.
WB2.DE Yearly Shares OutstandingWB2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
WB2.DE Yearly Total Debt VS Total AssetsWB2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • WB2 has an Altman-Z score of 3.35. This indicates that WB2 is financially healthy and has little risk of bankruptcy at the moment.
  • WB2 has a better Altman-Z score (3.35) than 75.23% of its industry peers.
  • The Debt to FCF ratio of WB2 is 3.70, which is a good value as it means it would take WB2, 3.70 years of fcf income to pay off all of its debts.
  • WB2 has a Debt to FCF ratio of 3.70. This is in the better half of the industry: WB2 outperforms 65.14% of its industry peers.
  • A Debt/Equity ratio of 0.39 indicates that WB2 is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.39, WB2 perfoms like the industry average, outperforming 47.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 3.7
Altman-Z 3.35
ROIC/WACC0.93
WACC9.12%
WB2.DE Yearly LT Debt VS Equity VS FCFWB2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that WB2 should not have too much problems paying its short term obligations.
  • The Current ratio of WB2 (1.11) is worse than 76.15% of its industry peers.
  • WB2 has a Quick Ratio of 1.11. This is a bad value and indicates that WB2 is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of WB2 (0.57) is worse than 85.32% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.57
WB2.DE Yearly Current Assets VS Current LiabilitesWB2.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

5

3. WB2.DE Growth Analysis

3.1 Past

  • WB2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.12%, which is quite good.
  • WB2 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.93% yearly.
  • The Revenue has been growing slightly by 7.51% in the past year.
  • Measured over the past years, WB2 shows a quite strong growth in Revenue. The Revenue has been growing by 8.13% on average per year.
EPS 1Y (TTM)19.12%
EPS 3Y22.5%
EPS 5Y18.93%
EPS Q2Q%25%
Revenue 1Y (TTM)7.51%
Revenue growth 3Y10.12%
Revenue growth 5Y8.13%
Sales Q2Q%14.79%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.63% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.56% on average over the next years.
EPS Next Y16.99%
EPS Next 2Y15.45%
EPS Next 3Y13.63%
EPS Next 5YN/A
Revenue Next Year11.4%
Revenue Next 2Y8.7%
Revenue Next 3Y7.56%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 stable.
WB2.DE Yearly Revenue VS EstimatesWB2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
WB2.DE Yearly EPS VS EstimatesWB2.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 8 10

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3

4. WB2.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 27.33 indicates a quite expensive valuation of WB2.
  • WB2's Price/Earnings is on the same level as the industry average.
  • WB2's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.15.
  • Based on the Price/Forward Earnings ratio of 23.37, the valuation of WB2 can be described as rather expensive.
  • 62.39% of the companies in the same industry are cheaper than WB2, based on the Price/Forward Earnings ratio.
  • WB2 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.33
Fwd PE 23.37
WB2.DE Price Earnings VS Forward Price EarningsWB2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WB2 is valued a bit more expensive than 71.56% of the companies in the same industry.
  • WB2's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 27.9
EV/EBITDA 19.17
WB2.DE Per share dataWB2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • WB2's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of WB2 may justify a higher PE ratio.
  • A more expensive valuation may be justified as WB2's earnings are expected to grow with 13.63% in the coming years.
PEG (NY)1.61
PEG (5Y)1.44
EPS Next 2Y15.45%
EPS Next 3Y13.63%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. WB2.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.43%, WB2 is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.45, WB2 is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, WB2's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.43%

5.2 History

  • On average, the dividend of WB2 grows each year by 15.82%, which is quite nice.
Dividend Growth(5Y)15.82%
Div Incr YearsN/A
Div Non Decr YearsN/A
WB2.DE Yearly Dividends per shareWB2.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • WB2 pays out 14.79% of its income as dividend. This is a sustainable payout ratio.
  • WB2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP14.79%
EPS Next 2Y15.45%
EPS Next 3Y13.63%
WB2.DE Yearly Income VS Free CF VS DividendWB2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
WB2.DE Dividend Payout.WB2.DE Dividend Payout, showing the Payout Ratio.WB2.DE Dividend Payout.PayoutRetained Earnings

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WB2.DE Fundamentals: All Metrics, Ratios and Statistics

WABTEC CORP

FRA:WB2 (3/11/2026, 7:00:00 PM)

210.7

-0.2 (-0.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-11
Earnings (Next)04-21
Inst Owners95.14%
Inst Owner ChangeN/A
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap35.93B
Revenue(TTM)11.17B
Net Income(TTM)1.17B
Analysts80
Price Target204.68 (-2.86%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.43%
Yearly Dividend0.88
Dividend Growth(5Y)15.82%
DP14.79%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.56%
Min EPS beat(2)-0.18%
Max EPS beat(2)1.29%
EPS beat(4)3
Avg EPS beat(4)3.99%
Min EPS beat(4)-0.18%
Max EPS beat(4)11.37%
EPS beat(8)6
Avg EPS beat(8)5.72%
EPS beat(12)9
Avg EPS beat(12)5.73%
EPS beat(16)11
Avg EPS beat(16)4.31%
Revenue beat(2)1
Avg Revenue beat(2)0.99%
Min Revenue beat(2)-0.52%
Max Revenue beat(2)2.49%
Revenue beat(4)1
Avg Revenue beat(4)-0.58%
Min Revenue beat(4)-3.25%
Max Revenue beat(4)2.49%
Revenue beat(8)2
Avg Revenue beat(8)-0.56%
Revenue beat(12)6
Avg Revenue beat(12)0.89%
Revenue beat(16)7
Avg Revenue beat(16)0.33%
PT rev (1m)0%
PT rev (3m)0.72%
EPS NQ rev (1m)0.72%
EPS NQ rev (3m)1.11%
EPS NY rev (1m)1.68%
EPS NY rev (3m)2.33%
Revenue NQ rev (1m)1.91%
Revenue NQ rev (3m)2.4%
Revenue NY rev (1m)2.93%
Revenue NY rev (3m)3.41%
Valuation
Industry RankSector Rank
PE 27.33
Fwd PE 23.37
P/S 3.75
P/FCF 27.9
P/OCF 23.78
P/B 3.75
P/tB N/A
EV/EBITDA 19.17
EPS(TTM)7.71
EY3.66%
EPS(NY)9.01
Fwd EY4.28%
FCF(TTM)7.55
FCFY3.58%
OCF(TTM)8.86
OCFY4.21%
SpS56.26
BVpS56.13
TBVpS-14.67
PEG (NY)1.61
PEG (5Y)1.44
Graham Number98.68
Profitability
Industry RankSector Rank
ROA 5.3%
ROE 10.5%
ROCE 11.32%
ROIC 8.49%
ROICexc 8.9%
ROICexgc 69.18%
OM 17.15%
PM (TTM) 10.48%
GM 34.19%
FCFM 13.42%
ROA(3y)5.08%
ROA(5y)4.33%
ROE(3y)9.58%
ROE(5y)8.09%
ROIC(3y)7.91%
ROIC(5y)6.78%
ROICexc(3y)8.29%
ROICexc(5y)7.07%
ROICexgc(3y)54.07%
ROICexgc(5y)44.01%
ROCE(3y)10.55%
ROCE(5y)9.03%
ROICexgc growth 3Y29.26%
ROICexgc growth 5Y20.81%
ROICexc growth 3Y15.79%
ROICexc growth 5Y16.31%
OM growth 3Y8.93%
OM growth 5Y9.69%
PM growth 3Y11.44%
PM growth 5Y13.89%
GM growth 3Y2.93%
GM growth 5Y3.87%
F-Score5
Asset Turnover0.51
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 3.7
Debt/EBITDA 1.78
Cap/Depr 51.9%
Cap/Sales 2.33%
Interest Coverage 8.74
Cash Conversion 72.81%
Profit Quality 128.12%
Current Ratio 1.11
Quick Ratio 0.57
Altman-Z 3.35
F-Score5
WACC9.12%
ROIC/WACC0.93
Cap/Depr(3y)42.69%
Cap/Depr(5y)37.13%
Cap/Sales(3y)2.08%
Cap/Sales(5y)1.94%
Profit Quality(3y)135.58%
Profit Quality(5y)143.36%
High Growth Momentum
Growth
EPS 1Y (TTM)19.12%
EPS 3Y22.5%
EPS 5Y18.93%
EPS Q2Q%25%
EPS Next Y16.99%
EPS Next 2Y15.45%
EPS Next 3Y13.63%
EPS Next 5YN/A
Revenue 1Y (TTM)7.51%
Revenue growth 3Y10.12%
Revenue growth 5Y8.13%
Sales Q2Q%14.79%
Revenue Next Year11.4%
Revenue Next 2Y8.7%
Revenue Next 3Y7.56%
Revenue Next 5YN/A
EBIT growth 1Y14.95%
EBIT growth 3Y19.95%
EBIT growth 5Y18.61%
EBIT Next Year28.86%
EBIT Next 3Y15.49%
EBIT Next 5YN/A
FCF growth 1Y-7.87%
FCF growth 3Y19.02%
FCF growth 5Y18.29%
OCF growth 1Y-4.09%
OCF growth 3Y19.22%
OCF growth 5Y17.55%

WABTEC CORP / WB2.DE FAQ

What is the fundamental rating for WB2 stock?

ChartMill assigns a fundamental rating of 5 / 10 to WB2.DE.


Can you provide the valuation status for WABTEC CORP?

ChartMill assigns a valuation rating of 3 / 10 to WABTEC CORP (WB2.DE). This can be considered as Overvalued.


How profitable is WABTEC CORP (WB2.DE) stock?

WABTEC CORP (WB2.DE) has a profitability rating of 8 / 10.


What are the PE and PB ratios of WABTEC CORP (WB2.DE) stock?

The Price/Earnings (PE) ratio for WABTEC CORP (WB2.DE) is 27.33 and the Price/Book (PB) ratio is 3.75.


What is the earnings growth outlook for WABTEC CORP?

The Earnings per Share (EPS) of WABTEC CORP (WB2.DE) is expected to grow by 16.99% in the next year.