Andritz
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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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Andritz.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Andritz's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Andritz's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Austria market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Andritz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Andritz's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Andritz Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Andritz's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Andritz has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Andritz
shares you are expected to receive
€72
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Andritz's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
President
€3M
65
24.8 yrs
Mark von Laer
CFO & Member of Executive Board
€1M
49
2.1 yrs
Humbert Köfler
Member of the Executive Board
€1M
57
12 yrs
Wolfgang Semper
Member of Executive Board
€1M
60
8 yrs
Joachim Schönbeck
Member of Executive Board
€2M
54
4.5 yrs
Michael Buchbauer
Head of Group Finance
David Bumsted
Senior VP & Group General Counsel
Board of Directors Tenure
Average tenure and age of the Andritz board of directors in years:
- The tenure for the Andritz board of directors is about average.
Board of Directors
Christian Nowotny
Chairman of Supervisory Board
€76K
68
5.3 yrs
Fritz Oberlerchner
Deputy Chairman of the Supervisory Board
€58K
70
3 yrs
Monika Kircher-Kohl
Member of Supervisory Board
€51K
61
5.1 yrs
Andreas Martiner
Member of Supervisory Board
54
18.2 yrs
Georg Auer
Member of Supervisory Board
44
7.8 yrs
Jürgen Fechter
Member of Supervisory Board
€40K
56
3.1 yrs
Alexander Isola
Member of Supervisory Board
€40K
61
3.1 yrs
Monika Suppan
Member of the Supervisory Board
44
1.3 yrs
Alexander Leeb
Member of Supervisory Board
59
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Andritz's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleShould 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 - – Full articleWhat 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 - – Full article4 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 - – Full articleHow 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleEstimating 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleANDR 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
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.
