Outokumpu (OUT1V) - OVERVIEW



Last update 19/10/2017
Q3 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 11 615.0 597.1 599.0 571.7 
Sales 14 1,614.10 1,514.22 1,520.44 1,398.00 
Adjusted EBITDA 14 117.00 97.75 102.50 73.00 
Depreciation & Amortisation 14 -52.00 -56.35 -55.00 -63.25 
EBIT reported 14 86.00 41.40 43.90 12.00 
Adjustments to EBIT 14 25.00 0.00 0.00 -25.00 
Adjusted EBIT 14 61.00 41.40 45.23 12.00 
Net financials 14 -18.00 -23.60 -23.50 -32.00 
Result before taxes reported 14 58.00 17.80 19.40 -11.00 
Adjusted result before taxes 14 35.00 17.80 20.04 -11.00 
Net income attributable to shareholders (cont operations) 14 49.00 13.41 13.90 -12.00 
Adjusted net income attributable to shareholders 14 29.00 13.41 18.03 -12.00 
Average number of shares (in Mio) 14 414.41 412.32 412.16 412.16 
EPS reported based on cont operations (in Euro) 14 0.12 0.03 0.03 -0.03 
Adjusted EPS (in Euro) 14 0.07 0.03 0.04 -0.03 
Dividend per share (in Euro) 
 
Q4 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 11 642.0 600.4 606.0 481.0 
Sales 14 1,754.00 1,570.55 1,579.00 1,189.89 
Adjusted EBITDA 14 237.00 177.15 173.83 147.03 
Depreciation & Amortisation 14 -53.00 -61.23 -55.83 -88.31 
EBIT reported 14 183.50 117.78 116.00 75.20 
Adjustments to EBIT 14 25.95 1.85 0.00 0.00 
Adjusted EBIT 14 183.50 115.92 110.09 75.20 
Net financials 14 -11.00 -24.51 -25.00 -35.12 
Result before taxes reported 14 157.50 93.27 86.00 47.89 
Adjusted result before taxes 14 157.50 91.41 80.25 47.89 
Net income attributable to shareholders (cont operations) 14 286.00 87.84 59.00 38.70 
Adjusted net income attributable to shareholders 14 286.00 85.99 59.00 19.31 
Average number of shares (in Mio) 14 412.16 412.16 412.16 412.16 
EPS reported based on cont operations (in Euro) 14 0.69 0.21 0.14 0.09 
Adjusted EPS (in Euro) 14 0.69 0.21 0.14 0.05 
Dividend per share (in Euro) 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 11 2,496.0 2,460.8 2,472.0 2,347.0 
Sales 15 6,716.00 6,506.32 6,504.00 6,129.76 
Adjusted EBITDA 15 827.00 772.12 774.54 717.00 
Depreciation & Amortisation 15 -216.00 -227.98 -220.00 -262.10 
EBIT reported 15 631.20 569.14 578.00 508.00 
Adjustments to EBIT 15 49.00 24.93 23.00 23.00 
Adjusted EBIT 15 608.20 544.21 546.00 484.00 
Net financials 15 -86.00 -104.50 -107.00 -120.00 
Result before taxes reported 15 524.20 464.64 464.00 401.00 
Adjusted result before taxes 15 501.20 439.71 436.70 377.00 
Net income attributable to shareholders (cont operations) 15 599.00 393.88 382.00 329.32 
Adjusted net income attributable to shareholders 15 576.00 368.95 347.00 305.37 
Average number of shares (in Mio) 15 414.41 412.31 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 1.45 0.96 0.93 0.80 
Adjusted EPS (in Euro) 15 1.40 0.89 0.84 0.74 
Dividend per share (in Euro) 15 0.36 0.24 0.24 0.10 
Return on Capital Employed 15.5 13.4 14.3 9.1 
Operating Cash Flow 15 631.00 420.92 423.41 252.00 
Capex 14 -165.00 -176.69 -176.00 -184.00 
Free Cash Flow 14 450.00 251.66 254.46 72.00 
Net financial debt 14 1,084.0 1,011.8 1,017.8 888.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,682.0 2,516.2 2,531.0 2,348.0 
Sales 15 7,220.00 6,614.53 6,569.67 6,148.31 
Adjusted EBITDA 15 892.60 739.16 746.00 606.72 
Depreciation & Amortisation 15 -195.00 -228.75 -226.89 -268.40 
EBIT reported 15 672.60 510.41 532.00 349.72 
Adjustments to EBIT 15 0.00 0.00 0.00 0.00 
Adjusted EBIT 15 672.60 510.41 532.00 349.72 
Net financials 15 -53.00 -84.26 -85.00 -116.20 
Result before taxes reported 15 597.60 426.15 430.00 233.52 
Adjusted result before taxes 15 597.60 426.15 430.00 233.52 
Net income attributable to shareholders (cont operations) 15 856.00 382.96 343.00 178.14 
Adjusted net income attributable to shareholders 15 856.00 382.96 343.00 178.14 
Average number of shares (in Mio) 15 414.41 412.31 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 2.08 0.93 0.83 0.43 
Adjusted EPS (in Euro) 15 2.08 0.93 0.83 0.43 
Dividend per share (in Euro) 15 0.44 0.29 0.30 0.15 
Return on Capital Employed 15.2 11.7 12.5 6.9 
Operating Cash Flow 15 736.00 526.94 553.00 283.76 
Capex 15 -174.00 -184.51 -180.00 -200.00 
Free Cash Flow 15 546.00 342.43 373.00 91.32 
Net financial debt 14 1,062.9 776.4 733.5 478.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,882.0 2,565.0 2,551.9 2,363.0 
Sales 15 7,581.00 6,797.81 6,824.50 6,317.05 
Adjusted EBITDA 15 892.00 789.12 796.00 644.00 
Depreciation & Amortisation 15 -195.00 -231.43 -223.00 -274.84 
EBIT reported 15 663.00 557.69 577.00 421.00 
Adjustments to EBIT 15 0.00 0.00 0.00 0.00 
Adjusted EBIT 15 663.00 557.69 577.00 421.00 
Net financials 15 -35.00 -70.36 -74.00 -108.75 
Result before taxes reported 15 618.00 487.34 508.00 335.00 
Adjusted result before taxes 15 618.00 487.34 508.00 335.00 
Net income attributable to shareholders (cont operations) 15 568.00 397.13 409.00 262.72 
Adjusted net income attributable to shareholders 15 568.00 397.13 409.00 262.72 
Average number of shares (in Mio) 15 414.41 412.31 412.16 412.16 
EPS reported based on cont operations (in Euro) 15 1.38 0.96 0.99 0.64 
Adjusted EPS (in Euro) 15 1.38 0.96 0.99 0.64 
Dividend per share (in Euro) 15 0.50 0.34 0.32 0.22 
Return on Capital Employed 15.0 12.3 13.7 8.4 
Operating Cash Flow 15 841.00 599.91 578.00 377.70 
Capex 15 -164.00 -186.91 -181.00 -220.00 
Free Cash Flow 15 671.00 413.00 399.81 188.07 
Net financial debt 14 914.1 481.6 464.5 100.0 
 
Last update on 20/10/2017
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, Exane BNP Paribas, Handelsbanken, Inderes, Jefferies, Kepler Cheuvreux, Nordea Markets, Pareto Securities, 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 2017-10-22 03:21:40