Outokumpu (OUT1V) - OVERVIEW



Last update 09/08/2017
Q3 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 602.0 587.8 598.0 561.0 
Sales 1,607.0 1,531.8 1,538.0 1,370.0 
Adjusted EBITDA 136.5 112.6 113.0 81.0 
Depreciation & Amortisation -53.0 -56.2 -55.0 -66.0 
EBIT reported 81.5 56.4 53.0 26.0 
Adjustments to EBIT 0.0 0.0 0.0 0.0 
Adjusted EBIT 81.5 56.4 53.0 26.0 
Net financials -18.0 -23.8 -24.5 -28.0 
Result before taxes reported 56.5 33.1 33.0 7.5 
Adjusted result before taxes 56.5 33.1 33.0 7.5 
Net income attributable to shareholders (cont operations) 51.5 26.4 26.4 2.0 
Adjusted net income attributable to shareholders 51.5 26.4 26.4 2.0 
Average number of shares (in Mio) 412.2 412.2 412.2 412.2 
EPS reported based on cont operations (in Euro) 0.12 0.06 0.06 0.01 
Adjusted EPS (in Euro) 0.12 0.06 0.06 0.01 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
Q4 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 621.0 576.1 592.0 481.0 
Sales 1,670.0 1,553.7 1,511.0 1,467.0 
Adjusted EBITDA 216.2 142.7 126.0 113.0 
Depreciation & Amortisation -54.0 -57.3 -55.5 -67.0 
EBIT reported 161.2 85.5 69.0 53.0 
Adjustments to EBIT 0.0 0.0 0.0 0.0 
Adjusted EBIT 161.2 85.5 69.0 53.0 
Net financials -11.0 -22.9 -24.5 -29.0 
Result before taxes reported 135.2 64.6 55.3 25.0 
Adjusted result before taxes 135.2 64.6 55.3 25.0 
Net income attributable to shareholders (cont operations) 249.0 75.7 44.4 20.0 
Adjusted net income attributable to shareholders 249.0 75.7 44.4 20.0 
Average number of shares (in Mio) 412.2 412.2 412.2 412.2 
EPS reported based on cont operations (in Euro) 0.60 0.18 0.11 0.05 
Adjusted EPS (in Euro) 0.60 0.18 0.11 0.05 
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 2,465.0 2,431.0 2,449.0 2,347.0 
Sales 16 6,775.0 6,517.6 6,513.0 6,363.0 
Adjusted EBITDA 16 844.7 748.9 749.0 687.0 
Depreciation & Amortisation 16 -215.0 -230.5 -221.0 -285.0 
EBIT reported 16 651.0 541.6 545.5 473.0 
Adjustments to EBIT 16 24.0 23.3 23.0 23.0 
Adjusted EBIT 16 627.0 518.4 522.0 450.0 
Net financials 16 -86.0 -104.1 -104.0 -120.0 
Result before taxes reported 16 544.0 437.5 429.0 377.7 
Adjusted result before taxes 16 520.0 414.2 405.5 354.7 
Net income attributable to shareholders (cont operations) 16 567.0 373.0 345.0 321.1 
Adjusted net income attributable to shareholders 16 544.0 349.7 321.5 298.1 
Average number of shares (in Mio) 16 412.2 412.2 412.2 412.2 
EPS reported based on cont operations (in Euro) 16 1.38 0.90 0.84 0.78 
Adjusted EPS (in Euro) 16 1.32 0.85 0.78 0.72 
Dividend per share (in Euro) 16 0.37 0.24 0.21 0.10 
Return on Capital Employed 10 16.0 12.4 13.0 8.9 
Operating Cash Flow 16 604.0 424.9 410.5 217.0 
Capex 16 -147.0 -174.3 -175.0 -184.0 
Free Cash Flow 16 423.0 250.7 234.0 37.0 
Net financial debt 15 1,168.6 1,032.2 1,032.0 841.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,557.0 2,486.8 2,526.5 2,348.0 
Sales 16 7,141.0 6,587.1 6,581.0 6,120.0 
Adjusted EBITDA 16 801.0 687.3 683.0 599.0 
Depreciation & Amortisation 16 -195.0 -231.9 -227.0 -285.0 
EBIT reported 16 581.0 455.4 467.3 344.0 
Adjustments to EBIT 16 0.0 0.0 0.0 0.0 
Adjusted EBIT 16 581.0 455.4 467.3 344.0 
Net financials 16 -53.1 -83.6 -85.5 -107.0 
Result before taxes reported 16 506.0 371.7 373.0 273.0 
Adjusted result before taxes 16 506.0 371.7 373.0 273.0 
Net income attributable to shareholders (cont operations) 16 810.0 335.4 298.4 220.0 
Adjusted net income attributable to shareholders 16 810.0 335.4 298.4 220.0 
Average number of shares (in Mio) 16 412.2 412.2 412.2 412.2 
EPS reported based on cont operations (in Euro) 16 1.97 0.81 0.72 0.53 
Adjusted EPS (in Euro) 16 1.97 0.81 0.72 0.53 
Dividend per share (in Euro) 16 0.40 0.26 0.29 0.15 
Return on Capital Employed 10 13.3 10.2 10.5 6.3 
Operating Cash Flow 16 640.6 469.0 498.5 41.0 
Capex 16 -165.0 -184.9 -180.0 -225.0 
Free Cash Flow 16 465.6 284.1 312.5 -154.0 
Net financial debt 15 1,142.0 853.6 856.0 547.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,645.0 2,534.0 2,583.0 2,363.0 
Sales 14 7,614.0 6,778.5 6,620.0 6,316.0 
Adjusted EBITDA 14 884.0 748.7 754.5 628.0 
Depreciation & Amortisation 14 -195.0 -231.8 -224.5 -275.0 
EBIT reported 14 626.0 516.9 519.1 407.0 
Adjustments to EBIT 14 0.0 0.0 0.0 0.0 
Adjusted EBIT 14 626.0 516.9 519.1 407.0 
Net financials 14 -40.0 -68.4 -71.5 -95.0 
Result before taxes reported 14 567.0 448.5 461.6 312.0 
Adjusted result before taxes 14 567.0 448.5 461.6 312.0 
Net income attributable to shareholders (cont operations) 14 491.2 367.2 376.0 218.0 
Adjusted net income attributable to shareholders 14 491.2 367.2 376.0 218.0 
Average number of shares (in Mio) 14 412.2 412.2 412.2 412.2 
EPS reported based on cont operations (in Euro) 14 1.19 0.89 0.91 0.52 
Adjusted EPS (in Euro) 14 1.19 0.89 0.91 0.52 
Dividend per share (in Euro) 13 0.50 0.33 0.31 0.20 
Return on Capital Employed 14.6 11.9 12.0 8.8 
Operating Cash Flow 14 748.3 565.2 569.5 388.0 
Capex 14 -164.0 -185.0 -180.5 -220.0 
Free Cash Flow 14 578.3 380.2 392.0 213.0 
Net financial debt 12 1,242.0 581.1 639.5 221.0 
 
Last update on 09/08/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, ABN AMRO, AlphaValue, Berenberg Bank, BoA Merrill Lynch, Credit Suisse, Danske Markets, Deutsche Bank, DNB Markets, Handelsbanken, Inderes, Jefferies, Kepler Cheuvreux, Nordea Markets, OP Corporate Bank, SEB Enskilda, UBS
 
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 2017-08-18 03:16:26