Wärtsilä
17.94 EUR +1.38%17,351 investors are following this company
Wärtsilä specializes in power solutions for the marine and energy sectors. The business is managed based on several business segments and the range includes integrated system solutions, spare parts, and associated service functions during the installation cycle, but also complete operation and optimization services. The company was originally founded in 1834 and is headquartered in Helsinki.
P/E (24e)
22.68
EV/EBIT (adj.) (24e)
15.52
P/B (24e)
4.23
Dividend yield-% (24e)
2.23 %
Target price
16.50 EUR
Recommendation
Reduce
Updated
28.4.2024
NASDAQ Helsinki
WRT1V
Daily low / high price
17.65 / 18.02
EUR
Market cap
10.62B EUR
Turnover
15.29M EUR
Volume
854K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Erkki Vesola
Analyst
Latest videos
Financial calendar
Interim report
19.07.2024
Half year dividend
10.09.2024
Interim report
29.10.2024
Annual report
30.01.2025
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Invaw Invest AB | 17.7 % | 17.7 % |
Varma Mutual Pension Insurance Company | 5.4 % | 5.4 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Håkan Agnevall | 13.11.2023 | 174,833EUR |
Håkan Agnevall | 13.11.2023 | 4,228EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 4,604.0 | 4,778.0 | 5,843.0 | 5,784.0 | 7,090.6 | 7,391.1 | 7,843.9 | 8,211.9 |
growth-% | -10.9 % | 3.8 % | 22.3 % | -1.0 % | 22.6 % | 4.2 % | 6.1 % | 4.7 % |
EBITDA | 408.0 | 476.0 | 236.0 | 644.0 | 837.7 | 940.0 | 1,013.7 | 1,068.2 |
EBIT (adj.) | 308.0 | 388.0 | 324.0 | 546.0 | 690.7 | 779.3 | 850.3 | 907.4 |
EBIT | 234.0 | 314.0 | -27.0 | 451.0 | 685.7 | 779.3 | 850.3 | 907.4 |
Profit before taxes | 191.0 | 296.0 | -34.0 | 414.0 | 663.2 | 774.5 | 853.0 | 916.8 |
Net income | 134.0 | 193.0 | -67.0 | 307.0 | 462.4 | 540.0 | 594.7 | 639.1 |
EPS (adj.) | 0.33 | 0.44 | 0.47 | 0.65 | 0.79 | 0.92 | 1.01 | 1.09 |
growth-% | -41.7 % | 30.5 % | 7.7 % | 37.2 % | 22.6 % | 15.9 % | 10.1 % | 7.5 % |
Dividend | 0.20 | 0.24 | 0.26 | 0.32 | 0.40 | 0.50 | 0.60 | 0.65 |
Dividend ratio | 88.3 % | 73.4 % | -229.0 % | 61.4 % | 51.0 % | 54.5 % | 59.4 % | 59.9 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 8.9 % | 10.0 % | 4.0 % | 11.1 % | 11.8 % | 12.7 % | 12.9 % | 13.0 % |
EBIT-% (adj.) | 6.7 % | 8.1 % | 5.5 % | 9.4 % | 9.7 % | 10.5 % | 10.8 % | 11.0 % |
EBIT-% | 5.1 % | 6.6 % | -0.5 % | 7.8 % | 9.7 % | 10.5 % | 10.8 % | 11.0 % |
ROE | 5.9 % | 8.6 % | -3.0 % | 14.1 % | 19.6 % | 20.4 % | 20.1 % | 19.7 % |
ROI | 6.7 % | 9.5 % | 0.1 % | 14.8 % | 22.3 % | 24.6 % | 26.2 % | 27.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.15 | 12.36 | 7.87 | 13.13 | 17.94 | 17.94 | 17.94 | 17.94 |
Shares | 591.7 | 590.0 | 590.0 | 589.0 | 589.0 | 589.0 | 589.0 | 589.0 |
Market cap | 4,822.5 | 7,292.7 | 4,642.3 | 7,730.9 | 10,567.1 | 10,567.1 | 10,567.1 | 10,567.1 |
Enterprise value | 5,230.5 | 7,300.7 | 5,130.3 | 7,772.9 | 10,718.9 | 10,442.1 | 10,202.7 | 9,963.6 |
EV/S | 1.1 | 1.5 | 0.9 | 1.3 | 1.5 | 1.4 | 1.3 | 1.2 |
EV/EBITDA | 12.8 | 15.3 | 21.7 | 12.1 | 12.8 | 11.1 | 10.1 | 9.3 |
EV/EBIT (adj.) | 17.0 | 18.8 | 15.8 | 14.2 | 15.5 | 13.4 | 12.0 | 11.0 |
EV/EBIT | 22.4 | 23.3 | - | 17.2 | 15.6 | 13.4 | 12.0 | 11.0 |
P/E (adj.) | 24.3 | 28.3 | 16.7 | 20.3 | 22.7 | 19.6 | 17.8 | 16.5 |
P/E | 36.0 | 37.8 | - | 25.2 | 22.9 | 19.6 | 17.8 | 16.5 |
P/B | 2.2 | 3.2 | 2.2 | 3.5 | 4.2 | 3.8 | 3.4 | 3.1 |
P/S | 1.0 | 1.5 | 0.8 | 1.3 | 1.5 | 1.4 | 1.3 | 1.3 |
Dividend yield | 2.5 % | 1.9 % | 3.3 % | 2.4 % | 2.2 % | 2.8 % | 3.3 % | 3.6 % |
Equity ratio | 37.8 % | 38.6 % | 35.8 % | 36.2 % | 38.3 % | 41.8 % | 44.5 % | 47.1 % |
Gearing ratio | 18.7 % | 0.3 % | 22.7 % | 1.9 % | 6.1 % | -4.4 % | -11.7 % | -17.8 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1,340.0 | 1,376.0 | 1,603.0 | 5,784.0 | 1,322.0 | 1,591.3 | 1,859.5 | 2,317.9 | 7,090.6 |
EBITDA | 172.0 | 149.0 | 197.0 | 644.0 | 162.0 | 188.9 | 201.0 | 285.8 | 837.7 |
EBIT | 91.0 | 115.0 | 152.0 | 451.0 | 127.0 | 150.9 | 162.0 | 245.8 | 685.7 |
Profit before taxes | 78.0 | 106.0 | 145.0 | 414.0 | 118.0 | 146.4 | 157.5 | 241.3 | 663.2 |
Net income | 52.0 | 80.0 | 119.0 | 307.0 | 85.0 | 101.7 | 109.8 | 165.9 | 462.4 |
ShowingAll content types
Wärtsilä Q1'24: Momentum is strong
Wärtsilä Oyj Abp, Q1, 2024
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