Outokumpu (OUT1V) - OVERVIEW



Last update 20/11/2017
Q4 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 642.0 618.1 614.0 600.7 
Sales 15 1,808.00 1,618.64 1,615.00 1,442.00 
Adjusted EBITDA 15 176.00 139.31 145.00 86.00 
Depreciation & Amortisation 15 -52.00 -57.43 -57.00 -68.00 
EBIT reported 15 123.00 81.87 88.00 24.00 
Adjustments to EBIT 15 0.00 0.00 0.00 0.00 
Adjusted EBIT 15 123.00 81.87 88.00 24.00 
Net financials 15 -5.40 -23.76 -26.00 -29.00 
Result before taxes reported 15 104.00 58.11 64.00 -4.00 
Adjusted result before taxes 15 104.00 58.11 64.00 -4.00 
Net income attributable to shareholders (cont operations) 15 268.00 60.77 55.00 -4.00 
Adjusted net income attributable to shareholders 15 268.00 60.77 55.00 -4.00 
Average number of shares (in Mio) 15 412.16 412.16 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 0.65 0.15 0.13 -0.01 
Adjusted EPS (in Euro) 15 0.65 0.15 0.13 -0.01 
Dividend per share (in Euro) 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,529.0 2,505.1 2,501.0 2,487.7 
Sales 15 6,706.00 6,516.57 6,513.00 6,340.00 
Adjusted EBITDA 15 725.00 688.37 694.00 635.00 
Depreciation & Amortisation 15 -216.00 -221.50 -222.00 -232.00 
EBIT reported 15 538.00 496.87 503.00 439.00 
Adjustments to EBIT 15 30.00 30.00 30.00 30.00 
Adjusted EBIT 15 508.00 466.87 473.00 409.00 
Net financials 15 -94.40 -112.83 -115.00 -118.00 
Result before taxes reported 15 430.00 384.05 390.00 322.00 
Adjusted result before taxes 15 400.00 354.05 360.00 292.00 
Net income attributable to shareholders (cont operations) 15 532.00 324.77 319.00 260.00 
Adjusted net income attributable to shareholders 15 502.00 294.77 289.00 230.00 
Average number of shares (in Mio) 15 412.16 412.16 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 1.29 0.79 0.77 0.63 
Adjusted EPS (in Euro) 15 1.22 0.72 0.70 0.56 
Dividend per share (in Euro) 15 0.30 0.23 0.23 0.10 
Return on Capital Employed 13.2 11.7 12.4 8.9 
Operating Cash Flow 14 513.00 394.54 406.75 225.00 
Capex 14 -136.00 -173.61 -180.00 -184.00 
Free Cash Flow 14 333.40 220.93 237.50 45.00 
Net financial debt 15 1,147.4 1,039.6 1,042.0 865.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,729.0 2,546.3 2,547.0 2,348.0 
Sales 15 7,195.00 6,703.72 6,714.00 6,317.80 
Adjusted EBITDA 15 855.70 727.23 728.70 635.00 
Depreciation & Amortisation 15 -177.00 -224.15 -223.00 -268.00 
EBIT reported 15 636.00 503.08 503.00 408.00 
Adjustments to EBIT 15 0.00 0.00 0.00 0.00 
Adjusted EBIT 15 636.00 503.08 503.00 408.00 
Net financials 15 -63.00 -85.77 -81.00 -119.00 
Result before taxes reported 15 561.00 417.31 419.00 303.00 
Adjusted result before taxes 15 561.00 417.31 419.00 303.00 
Net income attributable to shareholders (cont operations) 15 850.00 383.34 351.00 262.00 
Adjusted net income attributable to shareholders 15 850.00 383.34 351.00 262.00 
Average number of shares (in Mio) 15 412.16 412.16 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 2.06 0.93 0.85 0.64 
Adjusted EPS (in Euro) 15 2.06 0.93 0.85 0.64 
Dividend per share (in Euro) 15 0.41 0.28 0.29 0.14 
Return on Capital Employed 13.9 12.1 12.8 9.0 
Operating Cash Flow 15 728.00 522.89 520.00 265.00 
Capex 15 -165.00 -195.17 -195.00 -223.00 
Free Cash Flow 15 549.90 327.71 340.00 65.00 
Net financial debt 15 1,101.0 806.1 771.0 426.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,598.0 2,541.1 2,575.0 2,363.0 
Sales 14 7,758.00 6,929.50 6,869.00 6,394.00 
Adjusted EBITDA 14 884.00 780.57 774.00 634.00 
Depreciation & Amortisation 14 -177.00 -225.36 -223.00 -275.00 
EBIT reported 14 640.00 555.21 554.50 411.00 
Adjustments to EBIT 14 0.00 0.00 0.00 0.00 
Adjusted EBIT 14 640.00 555.21 554.50 411.00 
Net financials 14 -38.00 -71.79 -70.50 -109.00 
Result before taxes reported 14 581.00 483.42 480.30 325.00 
Adjusted result before taxes 14 581.00 483.42 480.30 325.00 
Net income attributable to shareholders (cont operations) 14 531.30 403.29 398.00 275.00 
Adjusted net income attributable to shareholders 14 531.30 403.29 398.00 275.00 
Average number of shares (in Mio) 14 412.16 412.16 412.16 412.16 
EPS reported based on cont operations (in Euro) 14 1.29 0.98 0.96 0.67 
Adjusted EPS (in Euro) 14 1.29 0.98 0.97 0.67 
Dividend per share (in Euro) 14 0.50 0.33 0.30 0.18 
Return on Capital Employed 15.2 12.2 13.0 9.5 
Operating Cash Flow 14 790.20 607.14 607.00 510.00 
Capex 14 -154.00 -197.50 -200.00 -226.00 
Free Cash Flow 14 620.20 409.64 404.50 284.00 
Net financial debt 14 1,139.0 560.3 553.0 -24.0 
 
 
Last update on 20/11/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, BoA Merrill Lynch, Credit Suisse, Danske Markets, Deutsche Bank, DNB Markets, Goldman Sachs, Handelsbanken, Inderes, J.P. Morgan Cazenove, Jefferies, Kepler Cheuvreux, Nordea Markets, OP Corporate Bank, Pareto Securities, SEB Enskilda
 
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 2017-12-17 03:26:55