Wärstilä: May the power be with you
By Erkki Vesola
Wärtsilä’s Q2 figures were either above or in line with the consensus. A strong Q2 report, positive market comments and the increasing impact of price increases have led us to make moderate estimate hikes for 2023-2024. The valuation of the share is still attractive.
Wärtsilä
8.58
9.5
Accumulate
Accumulate
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.
Read more on company pageKey Estimate Figures2022-07-21
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 4,778.0 | 5,587.7 | 5,920.7 |
growth-% | 3.78 % | 16.95 % | 5.96 % |
EBIT (adj.) | 357.0 | 374.7 | 504.2 |
EBIT-% (adj.) | 7.47 % | 6.71 % | 8.52 % |
EPS (adj.) | 0.40 | 0.48 | 0.57 |
Dividend | 0.24 | 0.34 | 0.44 |
Dividend % | 1.94 % | 1.95 % | 2.54 % |
P/E (adj.) | 30.99 | 35.88 | 30.27 |
EV/EBITDA | 16.80 | 28.41 | 16.95 |
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