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Andritz

WBAG:ANDR
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ANDR
WBAG
€4B
Market Cap
  1. Home
  2. AT
  3. Capital Goods
Company description

Andritz AG provides plants, equipment, and services for hydropower stations, pulp and paper industry, metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. The last earnings update was 50 days ago. More info.


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ANDR Share Price and Events
7 Day Returns
-2.1%
WBAG:ANDR
0.9%
AT Machinery
-0.6%
AT Market
1 Year Returns
-3.5%
WBAG:ANDR
-6.4%
AT Machinery
-2.8%
AT Market
ANDR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Andritz (ANDR) -2.1% 7.8% 0.1% -3.5% -12.5% -4.3%
AT Machinery 0.9% 11.2% 3.7% -6.4% -13.3% -11.6%
AT Market -0.6% 6.8% 8.3% -2.8% 42.9% 29.6%
1 Year Return vs Industry and Market
  • ANDR outperformed the Machinery industry which returned -6.4% over the past year.
Price Volatility
ANDR
Industry
5yr Volatility vs Market

ANDR Value

 Is Andritz undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Andritz to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Andritz.

WBAG:ANDR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:ANDR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 25%) (32.68%))
1.22
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.22 * 6.51%)
8.45%

Discounted Cash Flow Calculation for WBAG:ANDR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Andritz is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:ANDR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.45%)
2019 426.03 Analyst x6 392.82
2020 445.65 Analyst x7 378.88
2021 423.58 Analyst x4 332.04
2022 413.70 Analyst x2 299.02
2023 418.05 Analyst x2 278.61
2024 412.31 Est @ -1.37% 253.37
2025 408.98 Est @ -0.81% 231.73
2026 407.29 Est @ -0.41% 212.78
2027 406.73 Est @ -0.14% 195.93
2028 406.97 Est @ 0.06% 180.76
Present value of next 10 years cash flows €2,755.95
WBAG:ANDR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €406.97 × (1 + 0.51%) ÷ (8.45% – 0.51%)
€5,149.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,149.13 ÷ (1 + 8.45%)10
€2,287.07
WBAG:ANDR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,755.95 + €2,287.07
€5,043.02
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,043.02 / 100.98
€49.94
WBAG:ANDR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €49.94
Current discount Discount to share price of €42.80
= -1 x (€42.80 - €49.94) / €49.94
14.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Andritz is available for.
Intrinsic value
14%
Share price is €42.8 vs Future cash flow value of €49.94
Current Discount Checks
For Andritz to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Andritz's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Andritz's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Andritz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Andritz's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:ANDR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.20
WBAG:ANDR Share Price ** WBAG (2019-04-25) in EUR €42.8
Europe Machinery Industry PE Ratio Median Figure of 184 Publicly-Listed Machinery Companies 16.89x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Andritz.

WBAG:ANDR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:ANDR Share Price ÷ EPS (both in EUR)

= 42.8 ÷ 2.20

19.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Andritz is overvalued based on earnings compared to the Europe Machinery industry average.
  • Andritz is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Andritz's expected growth come at a high price?
Raw Data
WBAG:ANDR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
14.3%per year
Europe Machinery Industry PEG Ratio Median Figure of 121 Publicly-Listed Machinery Companies 1.93x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

WBAG:ANDR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.47x ÷ 14.3%

1.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Andritz is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Andritz's assets?
Raw Data
WBAG:ANDR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €13.03
WBAG:ANDR Share Price * WBAG (2019-04-25) in EUR €42.8
Austria Machinery Industry PB Ratio Median Figure of 6 Publicly-Listed Machinery Companies 1.74x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.26x
WBAG:ANDR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:ANDR Share Price ÷ Book Value per Share (both in EUR)

= 42.8 ÷ 13.03

3.29x

* Primary Listing of Andritz.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Andritz is overvalued based on assets compared to the AT Machinery industry average.
X
Value checks
We assess Andritz's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Andritz has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ANDR Future Performance

 How is Andritz expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Andritz expected to grow at an attractive rate?
  • Andritz's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Andritz's earnings growth is expected to exceed the Austria market average.
  • Andritz's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:ANDR Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:ANDR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 14.3%
WBAG:ANDR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.4%
Austria Machinery Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
Europe Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:ANDR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:ANDR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 6,925 1
2022-12-31 6,809 1
2021-12-31 6,920 557 345 8
2020-12-31 6,886 565 331 11
2019-12-31 6,704 510 289 11
WBAG:ANDR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,033 8 222
2018-09-30 5,949 32 230
2018-06-30 5,877 64 233
2018-03-31 5,800 75 244
2017-12-31 5,896 247 263
2017-09-30 5,951 150 270
2017-06-30 6,065 248 285
2017-03-31 6,146 347 285
2016-12-31 6,044 367 275
2016-09-30 6,029 392 281
2016-06-30 6,135 388 274
2016-03-31 6,262 310 276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Andritz's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • Andritz's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:ANDR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Andritz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ANDR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.23 3.68 2.97 7.00
2020-12-31 3.12 3.59 2.80 9.00
2019-12-31 2.82 3.20 2.50 10.00
WBAG:ANDR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.20
2018-09-30 2.28
2018-06-30 2.30
2018-03-31 2.40
2017-12-31 2.58
2017-09-30 2.65
2017-06-30 2.79
2017-03-31 2.79
2016-12-31 2.69
2016-09-30 2.75
2016-06-30 2.68
2016-03-31 2.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Andritz is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Andritz's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Austria market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Andritz has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ANDR Past Performance

  How has Andritz performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Andritz's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Andritz's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Andritz's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Andritz's 1-year earnings growth is negative, it can't be compared to the Europe Machinery industry average.
Earnings and Revenue History
Andritz's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Andritz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ANDR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,033.29 221.99 1,865.06
2018-09-30 5,949.43 230.19 1,816.61
2018-06-30 5,877.30 232.78 1,806.65
2018-03-31 5,799.78 244.02 1,802.87
2017-12-31 5,896.34 262.97 1,793.53
2017-09-30 5,951.36 270.26 1,775.98
2017-06-30 6,064.83 285.20 1,773.51
2017-03-31 6,146.40 285.07 1,755.90
2016-12-31 6,044.12 274.65 1,739.07
2016-09-30 6,028.58 280.60 1,727.92
2016-06-30 6,134.97 274.07 1,761.02
2016-03-31 6,261.57 276.19 1,768.95
2015-12-31 6,382.46 267.69 1,780.39
2015-09-30 6,335.50 268.54 1,768.66
2015-06-30 6,213.54 257.99 1,715.13
2015-03-31 6,050.60 234.25 1,688.03
2014-12-31 5,863.79 210.87 1,656.43
2014-09-30 5,692.83 111.37 1,479.01
2014-06-30 5,764.10 86.46 1,466.67
2014-03-31 5,771.17 83.16 1,464.57
2013-12-31 5,714.96 66.61 1,401.57
2013-09-30 5,621.22 154.38 1,299.26
2013-06-30 5,352.47 180.86 1,201.63
2013-03-31 5,157.36 196.33 1,088.02
2012-12-31 5,178.85 242.69 1,030.85
2012-09-30 5,116.65 247.27 1,013.48
2012-06-30 5,023.72 250.84 983.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Andritz has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Andritz used its assets less efficiently than the Europe Machinery industry average last year based on Return on Assets.
  • Andritz's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Andritz's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Andritz has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ANDR Health

 How is Andritz's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Andritz's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Andritz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Andritz's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Andritz's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Andritz Company Filings, last reported 3 months ago.

WBAG:ANDR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,330.80 1,412.57 1,184.73
2018-09-30 1,264.05 1,399.63 1,744.90
2018-06-30 1,233.78 888.39 1,335.54
2018-03-31 1,192.30 880.71 1,481.86
2017-12-31 1,325.41 873.83 1,637.26
2017-09-30 1,294.15 901.62 1,668.83
2017-06-30 1,277.26 953.04 1,668.60
2017-03-31 1,255.90 565.41 1,547.97
2016-12-31 1,344.23 576.94 1,407.13
2016-09-30 1,228.87 538.60 1,394.88
2016-06-30 1,164.03 514.15 1,268.18
2016-03-31 1,100.61 486.88 1,484.80
2015-12-31 1,215.58 483.29 1,359.36
2015-09-30 1,078.36 454.46 1,277.07
2015-06-30 1,060.30 478.97 1,293.53
2015-03-31 1,002.94 516.21 1,540.24
2014-12-31 1,038.28 657.05 1,611.63
2014-09-30 1,002.39 674.27 1,596.59
2014-06-30 945.19 648.17 1,407.73
2014-03-31 893.52 647.44 1,393.96
2013-12-31 929.48 634.43 1,386.97
2013-09-30 961.72 640.29 1,267.86
2013-06-30 949.08 654.13 1,311.24
2013-03-31 931.69 887.64 1,520.90
2012-12-31 1,033.80 790.64 1,818.33
2012-09-30 989.74 799.35 1,824.76
2012-06-30 944.14 446.82 1,391.67
  • Andritz's level of debt (106.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (68.3% vs 106.1% today).
  • Debt is not well covered by operating cash flow (0.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.5x coverage).
X
Financial health checks
We assess Andritz's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Andritz has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ANDR Dividends

 What is Andritz's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.62%
Current annual income from Andritz dividends. Estimated to be 4.21% next year.
If you bought €2,000 of Andritz shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Andritz's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.39%).
  • Andritz's dividend is below the markets top 25% of dividend payers in Austria (4.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:ANDR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Machinery Industry Average Dividend Yield Market Cap Weighted Average of 142 Stocks 2.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:ANDR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.93 9.00
2020-12-31 1.84 12.00
2019-12-31 1.68 12.00
WBAG:ANDR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-06 1.550 3.790
2018-03-02 1.550 3.424
2017-03-06 1.500 3.059
2017-03-03 1.500 3.074
2016-03-04 1.350 2.880
2015-03-05 1.000 2.103
2014-02-19 0.500 1.152
2013-03-01 1.200 2.716
2012-08-07 0.069 0.146
2012-03-22 1.100 2.758
2011-03-08 0.850 2.532
2011-02-24 0.850 2.764
2010-03-30 0.500 1.903

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Andritz has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Andritz only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Andritz's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Andritz's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Andritz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Andritz has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ANDR Management

 What is the CEO of Andritz's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wolfgang Leitner
COMPENSATION €3,028,311
AGE 65
TENURE AS CEO 24.8 years
CEO Bio

Dr. Wolfgang Leitner has been the President and Chief Executive Officer of Andritz AG since June 29, 1994 and has been its Member of Executive Board since 1987. Dr. Leitner served as the Chief Financial Officer of Andritz AG since October 1, 1987. He is Central Group functions such as Human Resources Management, Corporate Communications, Investor Relations, Internal Auditing, Information Technology, and Manufacturing Management. He served as the Management Consultant with McKinsey & Company in Munich from 1981 to 1985 and as a Researcher of Vianova, an Austrian subsidiary of Hoechst AG from 1978 to 1981. From 1997 to 1999, he served as member of the Executive Board of AGIV, the former majority shareholder of Andritz. In 1986, he was a founding member of a pharmaceutical company where he still serves as President, having seen successful flotation of its eastern European subsidiaries on the Budapest Stock Exchange and their subsequent acquisition by a US company. Dr. Leitner has been Chairman of Supervisory Board of Schuler AG since March 5, 2013 and its Member of Supervisory Board since February 14, 2013. Dr. Leitner served as a Member of the supervisory board of Josef Manner & Comp. AG since June 29, 2004. He was a Member of Supervisory Board at Österreichische Industrieholding AG from June 26, 2014 to November 18, 2014. He served as a Member of Supervisory Board at voestalpine Edelstahl GmbH and Boehler-Uddeholm AG. He has been Member of Advisory Board at weXelerate GmbH since September 11, 2017. Dr. Leitner holds a doctorate in Chemistry from the University of Graz, Austria.

CEO Compensation
  • Wolfgang's compensation has been consistent with company performance over the past year.
  • Insufficient data for Wolfgang to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Andritz management team in years:

8
Average Tenure
57
Average Age
  • The average tenure for the Andritz management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Wolfgang Leitner

TITLE
President
COMPENSATION
€3M
AGE
65
TENURE
24.8 yrs

Mark von Laer

TITLE
CFO & Member of Executive Board
COMPENSATION
€1M
AGE
49
TENURE
2.1 yrs

Humbert Köfler

TITLE
Member of the Executive Board
COMPENSATION
€1M
AGE
57
TENURE
12 yrs

Wolfgang Semper

TITLE
Member of Executive Board
COMPENSATION
€1M
AGE
60
TENURE
8 yrs

Joachim Schönbeck

TITLE
Member of Executive Board
COMPENSATION
€2M
AGE
54
TENURE
4.5 yrs

Michael Buchbauer

TITLE
Head of Group Finance

David Bumsted

TITLE
Senior VP & Group General Counsel
Board of Directors Tenure

Average tenure and age of the Andritz board of directors in years:

3.1
Average Tenure
59
Average Age
  • The tenure for the Andritz board of directors is about average.
Board of Directors

Christian Nowotny

TITLE
Chairman of Supervisory Board
COMPENSATION
€76K
AGE
68
TENURE
5.3 yrs

Fritz Oberlerchner

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€58K
AGE
70
TENURE
3 yrs

Monika Kircher-Kohl

TITLE
Member of Supervisory Board
COMPENSATION
€51K
AGE
61
TENURE
5.1 yrs

Andreas Martiner

TITLE
Member of Supervisory Board
AGE
54
TENURE
18.2 yrs

Georg Auer

TITLE
Member of Supervisory Board
AGE
44
TENURE
7.8 yrs

Jürgen Fechter

TITLE
Member of Supervisory Board
COMPENSATION
€40K
AGE
56
TENURE
3.1 yrs

Alexander Isola

TITLE
Member of Supervisory Board
COMPENSATION
€40K
AGE
61
TENURE
3.1 yrs

Monika Suppan

TITLE
Member of the Supervisory Board
AGE
44
TENURE
1.3 yrs

Alexander Leeb

TITLE
Member of Supervisory Board
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Andritz's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Andritz has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ANDR News

Simply Wall St News

If You Had Bought Andritz (VIE:ANDR) Stock Three Years Ago, You'd Be Sitting On A 13% Loss, Today

Many investors define successful investing as beating the market average over the long term. … Unfortunately, that's been the case for longer term Andritz AG (VIE:ANDR) shareholders, since the share price is down 13% in the last three years, falling well short of the market return of around 56%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Should We Be Delighted With Andritz AG's (VIE:ANDR) ROE Of 17%?

Andritz has a ROE of 17%, based on the last twelve months. … That means that for every €1 worth of shareholders' equity, it generated €0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does Andritz AG's (VIE:ANDR) Share Price Indicate?

saw significant share price movement during recent months on the WBAG, rising to highs of €45.06 and falling to the lows of €38.24. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Andritz’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

4 Days Left Until Andritz AG (VIE:ANDR) Trades Ex-Dividend

Have you been keeping an eye on Andritz AG's (VIE:ANDR) upcoming dividend of €1.55 per share payable on the 02 April 2019? … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … How I analyze a dividend stock?

Simply Wall St -

How Do Analysts See Andritz AG (VIE:ANDR) Performing Over The Next Year?

Looking at Andritz AG's (VIE:ANDR) earnings update on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 13%.

Simply Wall St -

Does Andritz AG's (VIE:ANDR) Stock Price Account For Its Growth?

Andritz AG (VIE:ANDR) closed yesterday at €43.5, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Investors in Andritz have been patiently waiting for the uptick in earnings.

Simply Wall St -

Is Andritz AG (VIE:ANDR) A Financially Sound Company?

Help shape the future of investing tools and receive a $20 prize! … Today we will look at ANDR’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Estimating The Intrinsic Value Of Andritz AG (VIE:ANDR)

Today, I will calculate the stock's intrinsic value. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Should Andritz AG’s (VIE:ANDR) Weak Investment Returns Worry You?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Is Andritz AG's (VIE:ANDR) CEO Pay Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Andritz? … How Does Wolfgang Leitner's Compensation Compare With Similar Sized Companies?

Simply Wall St -

ANDR Company Info

Description

Andritz AG provides plants, equipment, and services for hydropower stations, pulp and paper industry, metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors. It operates through four segments: Hydro, Pulp & Paper, Metals, and Separation. The Hydro segment supplies electromechanical equipment, including turbines, generators, and additional equipment for hydro applications; pumps for water transport, as well as for applications in various industries; and turbogenerators for thermal power plants. The Pulp & Paper segment supplies plants, systems, equipment, and services for the production and processing of various types of pulp, paper, board, and tissue; biomass, steam, and recovery boilers for power generation; gasification plants; flue gas cleaning plants; systems and plants for the production of nonwovens and absorbent hygiene products, dissolving pulp, and panelboards; and recycling and shredding solutions for various waste materials. The Metals segment provides presses, automation solutions, dies, process know-how, and services for the metal forming industry; and minting technology. It also supplies lines for the production and processing of cold-rolled strip made of carbon steel, stainless steel, aluminum, and other non-ferrous metals; turnkey furnace systems for the steel, copper, and aluminum industries; burners and refractory products; and welding systems for the metal working industry. The Separation segment offers mechanical technologies for solid/liquid separation, such as centrifuges, filters, screens, thickeners, separators, and thermal technologies; and technologies and services for the production of animal feed and biomass pellets. The company operates primarily in Europe, North America, South America, and Asia. Andritz AG was founded in 1852 and is headquartered in Graz, Austria.

Details
Name: Andritz AG
ANDR
Exchange: WBAG
Founded: 1852
€4,321,794,285
100,976,502
Website: http://www.andritz.com
Address: Andritz AG
Stattegger Strasse 18,
Graz,
Styria, 8045,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG ANDR Bearer Shares Wiener Boerse AG AT EUR 25. Jun 2001
OTCPK ADRZ.F Bearer Shares Pink Sheets LLC US USD 25. Jun 2001
DB AZ2 Bearer Shares Deutsche Boerse AG DE EUR 25. Jun 2001
XTRA AZ2 Bearer Shares XETRA Trading Platform DE EUR 25. Jun 2001
LSE 0MJZ Bearer Shares London Stock Exchange GB EUR 25. Jun 2001
SEP ANDR Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 25. Jun 2001
BATS-CHIXE ANDRV Bearer Shares BATS 'Chi-X Europe' GB EUR 25. Jun 2001
OTCPK ADRZ.Y ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
28,505
Andritz employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:18
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.