Ticker OTE1V
Recommendation Hold
Share price EUR 3.51

Outotec

Following started
Estimates updated
Price updated
Page generated
      Apr 23, 2007 8:24:03 PM EEST
Oct 24, 2011 7:28:19 PM EEST
May 22, 2019 12:17:09 AM EEST
Dec 17, 2019 7:10:17 PM EET
 
Estimates on a dark background are based on consensus estimates that are collected from the market. Valuatum calculates the other estimates using the consensus estimates and its own analysis. Actual figures are collected from company disclosures. More information can be found on Valuatum's web site.
Income statement (EURm) 
 2016e 
 2017e 
 2018e 
 2019e 
 2020e 
 2021e 
Net sales  1,178 1,170 1,191 1,258 1,321 1,387  
EBITDA  87.3 101 125 124 135 138  
EBIT  48.1 62.2 86.2 93.0 103 104  
Non-recurring items in EBIT  -4.0 0.0 0.0 0.0 0.0 0.0  
EBIT without non-rec. items  52.1 62.2 86.2 93.0 103 104  
Pre-tax profit (PTP)  38.8 53.0 78.6 82.2 93.2 95.5  
Pre-tax profit without non-rec. items  42.8 53.0 78.6 82.2 93.2 95.5  
Net earnings  22.2 31.8 51.2 59.2 67.1 68.7  
Adjusted net earnings  26.2 31.8 51.2 59.2 67.1 68.7  
Free cash flow  33.5 15.3 17.6 88.0 73.6 61.0  
See the entire income statement

Balance sheet (EURm) 
 2016e 
 2017e 
 2018e 
 2019e 
 2020e 
 2021e 
Tangible assets  77.9 68.5 71.5 75.5 79.3 83.2  
Shareholders' equity  424 445 483 520 564 606  
Interest-bearing liabilities  283 249 256 210 180 165  
Balance sheet total (assets)  1,482 1,406 1,401 1,423 1,465 1,522  
Net debt  12.4 15.3 17.4 -41.4 -84.2 -112  

Key figures 
 2016e 
 2017e 
 2018e 
 2019e 
 2020e 
 2021e 
Net sales growth-1.9% -0.7% 1.8% 5.6% 5.0% 5.0%
EBITDA %7.4% 8.6% 10.5% 9.9% 10.2% 9.9%
EBIT %4.1% 5.3% 7.2% 7.4% 7.8% 7.5%
ROE %5.4% 7.3% 11.0% 11.8% 12.4% 11.8%
ROIC % (excl. fin. income)7.4% 11.2% 14.7% 13.1% 14.4% 14.2%
EVA0.34 11.9 29.2 23.7 32.8 33.4
Equity ratio33.6% 37.5% 41.3% 44.1% 46.6% 48.3%
Gearing %2.9% 3.4% 3.6% -7.9% -14.9% -18.4%

Share data 
 2016e 
 2017e 
 2018e 
 2019e 
 2020e 
 2021e 
EPS, unadjusted  0.12 0.18 0.28 0.33 0.37 0.38  
EPS, excl. non-recurring items  0.14 0.18 0.28 0.33 0.37 0.38  
FCF/share  0.18 0.08 0.10 0.49 0.41 0.34  
Div. per share  0.06 0.07 0.12 0.13 0.15 0.15  
BV/share  2.34 2.46 2.67 2.87 3.11 3.35  

Pricing and key ratios 
 2016e 
 2017e 
 2018e 
 2019e 
 2020e 
 2021e 
Share price (EUR)  3.51 3.51 3.51 3.51 3.51 3.51  
Market cap (EURm)  635 635 635 635 635 635  
EV (EURm)  652 655 657 598 554 526  
MVA (EURm)  211 190 153 115 71.7 29.8  
P/E  24.2 20.0 12.4 10.7 9.47 9.24  
P/FCFF  19.0 41.5 36.1 7.2 8.6 10.4  
P/BV  1.50 1.43 1.32 1.22 1.13 1.05  
P/Sales  0.5 0.5 0.5 0.5 0.5 0.5  
EV/EBITDA  7.5 6.5 5.2 4.8 4.1 3.8  
EV/EBIT  13.6 10.5 7.6 6.4 5.4 5.1  
Payout  49.2% 42.4% 42.0% 40.0% 40.0% 40.0%  
Dividend yield  1.7% 2.1% 3.4% 3.7% 4.2% 4.3%