Outokumpu (OUT1V) - OVERVIEW



Last update 14/02/2017
Q1 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 667.0 639.9 645.0 603.0 
Sales 12 1,816.0 1,712.3 1,707.0 1,574.0 
Adjusted EBITDA 11 280.0 259.3 257.0 251.0 
Depreciation & Amortisation 11 -55.0 -59.6 -59.0 -64.8 
EBIT reported 12 212.0 198.5 199.5 185.0 
Adjustments to EBIT 12 5.0 -1.3 0.0 -10.0 
Adjusted EBIT 12 222.0 199.8 198.0 192.0 
Net financials 12 -19.0 -24.5 -24.5 -35.0 
Result before taxes reported 12 189.0 174.0 174.5 150.0 
Adjusted result before taxes 12 199.0 175.3 174.5 160.0 
Net income attributable to shareholders (cont operations) 10 177.0 145.3 140.5 131.0 
Adjusted net income attributable to shareholders 10 177.0 146.8 141.0 133.0 
Average number of shares (in Mio) 10 414.4 414.4 414.4 414.4 
EPS reported based on cont operations (in Euro) 10 0.43 0.35 0.34 0.32 
Adjusted EPS (in Euro) 10 0.43 0.35 0.34 0.32 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
Q2 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 685.0 648.4 647.6 623.0 
Sales 11 1,912.0 1,703.7 1,735.0 1,569.0 
Adjusted EBITDA 10 251.0 209.3 213.9 162.0 
Depreciation & Amortisation 10 -55.0 -58.7 -57.5 -65.0 
EBIT reported 11 190.0 151.1 157.0 97.0 
Adjustments to EBIT 11 0.0 -0.1 0.0 -1.0 
Adjusted EBIT 11 190.0 151.2 157.0 97.0 
Net financials 11 -18.0 -22.2 -23.0 -26.0 
Result before taxes reported 11 164.8 128.9 137.0 71.0 
Adjusted result before taxes 11 164.8 129.0 137.0 71.0 
Net income attributable to shareholders (cont operations) 137.0 101.3 103.6 57.0 
Adjusted net income attributable to shareholders 137.0 101.4 103.6 57.0 
Average number of shares (in Mio) 414.4 414.4 414.4 414.4 
EPS reported based on cont operations (in Euro) 0.33 0.24 0.25 0.14 
Adjusted EPS (in Euro) 0.33 0.24 0.25 0.14 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,566.0 2,507.8 2,525.5 2,346.0 
Sales 15 7,153.0 6,723.8 6,753.0 6,312.0 
Adjusted EBITDA 14 931.0 804.9 805.0 654.0 
Depreciation & Amortisation 14 -216.0 -238.4 -230.5 -273.0 
EBIT reported 15 698.0 566.3 579.0 393.0 
Adjustments to EBIT 15 4.0 -1.1 0.0 -10.0 
Adjusted EBIT 15 698.0 567.4 579.0 393.0 
Net financials 15 -74.0 -91.2 -95.0 -101.0 
Result before taxes reported 15 614.0 475.1 484.0 315.0 
Adjusted result before taxes 15 614.0 476.2 484.0 315.0 
Net income attributable to shareholders (cont operations) 15 584.0 400.3 395.0 252.0 
Adjusted net income attributable to shareholders 15 584.0 401.4 405.0 252.0 
Average number of shares (in Mio) 15 414.4 414.4 414.4 414.4 
EPS reported based on cont operations (in Euro) 15 1.41 0.97 0.95 0.61 
Adjusted EPS (in Euro) 15 1.41 0.97 0.98 0.61 
Dividend per share (in Euro) 14 0.46 0.27 0.30 0.10 
Return on Capital Employed 15.6 12.5 11.6 9.8 
Operating Cash Flow 14 715.0 475.7 451.5 304.0 
Capex 15 -149.0 -173.7 -178.0 -184.0 
Free Cash Flow 14 537.0 302.5 270.5 126.0 
Net financial debt 14 1,190.0 1,003.5 1,044.5 722.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,700.0 2,565.1 2,582.0 2,367.0 
Sales 15 7,637.0 6,843.5 6,737.0 6,221.0 
Adjusted EBITDA 14 844.0 745.3 766.0 573.0 
Depreciation & Amortisation 14 -198.0 -240.7 -230.5 -319.0 
EBIT reported 15 646.0 506.2 508.0 346.0 
Adjustments to EBIT 15 0.0 0.0 0.0 0.0 
Adjusted EBIT 15 646.0 506.2 508.0 346.0 
Net financials 15 -43.0 -75.5 -74.0 -99.0 
Result before taxes reported 15 556.0 430.7 444.0 251.0 
Adjusted result before taxes 15 556.0 430.7 444.0 251.0 
Net income attributable to shareholders (cont operations) 15 504.0 353.3 362.0 191.0 
Adjusted net income attributable to shareholders 15 504.0 353.3 362.0 191.0 
Average number of shares (in Mio) 15 414.4 414.4 414.4 414.4 
EPS reported based on cont operations (in Euro) 15 1.22 0.85 0.87 0.46 
Adjusted EPS (in Euro) 15 1.22 0.85 0.87 0.46 
Dividend per share (in Euro) 14 0.53 0.32 0.32 0.18 
Return on Capital Employed 13.1 10.9 11.2 7.9 
Operating Cash Flow 14 716.6 556.4 573.0 217.0 
Capex 15 -116.0 -172.6 -177.0 -195.0 
Free Cash Flow 14 539.6 383.3 399.5 101.0 
Net financial debt 14 1,156.0 749.6 734.0 303.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,784.0 2,600.2 2,595.4 2,367.0 
Sales 14 7,815.0 6,963.4 6,929.0 6,268.0 
Adjusted EBITDA 13 941.0 779.2 806.0 558.0 
Depreciation & Amortisation 13 -183.0 -241.9 -230.0 -325.0 
EBIT reported 14 708.0 529.3 557.0 286.0 
Adjustments to EBIT 14 0.0 0.0 0.0 0.0 
Adjusted EBIT 14 708.0 529.3 557.0 286.0 
Net financials 11 -27.0 -66.7 -64.0 -94.0 
Result before taxes reported 11 578.0 446.9 470.0 196.1 
Adjusted result before taxes 11 578.0 446.9 470.0 196.1 
Net income attributable to shareholders (cont operations) 11 469.0 364.0 397.0 167.0 
Adjusted net income attributable to shareholders 11 469.0 364.0 397.0 167.0 
Average number of shares (in Mio) 11 414.4 414.4 414.4 414.4 
EPS reported based on cont operations (in Euro) 11 1.13 0.88 0.96 0.40 
Adjusted EPS (in Euro) 11 1.13 0.88 0.96 0.40 
Dividend per share (in Euro) 10 0.50 0.33 0.31 0.12 
Return on Capital Employed 14.9 10.7 11.0 5.1 
Operating Cash Flow 11 771.0 585.1 568.0 408.0 
Capex 12 -127.0 -186.7 -182.5 -293.0 
Free Cash Flow 11 571.0 408.1 428.0 223.0 
Net financial debt 11 866.0 482.6 492.0 202.0 
 
Last update on 14/02/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, ABN AMRO, Berenberg, BoA Merrill Lynch, Credit Suisse, Danske Markets, Deutsche Bank, Handelsbanken, J.P. Morgan Cazenove, Jefferies, Nordea Markets, Pareto Securities, Pohjola Bank, SEB Enskilda, Swedbank
 
Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

file data build at 2017-03-28 03:12:37