Outokumpu (OUT1V) - OVERVIEW



Last update 10/05/2017
Q2 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 662.4 644.8 644.0 630.0 
Sales 12 1,994.0 1,800.6 1,805.0 1,601.0 
Adjusted EBITDA 12 268.0 248.7 251.5 215.0 
Depreciation & Amortisation 12 -55.0 -59.2 -57.5 -66.0 
EBIT reported 12 212.0 190.3 192.5 150.0 
Adjustments to EBIT 12 10.0 0.8 0.0 0.0 
Adjusted EBIT 12 212.0 189.5 192.5 150.0 
Net financials 11 -20.0 -25.1 -25.0 -32.0 
Result before taxes reported 11 184.0 165.5 172.0 118.0 
Adjusted result before taxes 11 184.0 164.6 172.0 118.0 
Net income attributable to shareholders (cont operations) 11 174.0 138.9 137.0 96.0 
Adjusted net income attributable to shareholders 11 174.0 138.0 137.0 96.0 
Average number of shares (in Mio) 11 412.9 412.9 412.9 412.9 
EPS reported based on cont operations (in Euro) 11 0.42 0.34 0.33 0.23 
Adjusted EPS (in Euro) 11 0.42 0.33 0.33 0.23 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
Q3 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 642.0 622.9 624.5 596.5 
Sales 12 1,885.0 1,700.1 1,714.5 1,534.0 
Adjusted EBITDA 12 239.0 190.8 194.6 127.0 
Depreciation & Amortisation 12 -55.0 -59.2 -57.5 -70.0 
EBIT reported 12 182.0 131.5 133.2 57.0 
Adjustments to EBIT 12 0.0 0.0 0.0 0.0 
Adjusted EBIT 12 182.0 131.5 133.2 57.0 
Net financials 11 -18.0 -24.5 -25.0 -30.0 
Result before taxes reported 11 158.0 104.1 112.0 27.0 
Adjusted result before taxes 11 158.0 104.1 112.0 27.0 
Net income attributable to shareholders (cont operations) 11 153.0 86.6 95.0 23.0 
Adjusted net income attributable to shareholders 11 153.0 86.6 95.0 23.0 
Average number of shares (in Mio) 11 412.9 412.9 412.9 412.9 
EPS reported based on cont operations (in Euro) 11 0.37 0.21 0.23 0.06 
Adjusted EPS (in Euro) 11 0.37 0.21 0.23 0.06 
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 2,550.2 2,503.8 2,506.0 2,377.0 
Sales 15 7,374.0 6,940.3 6,972.0 6,413.0 
Adjusted EBITDA 15 1,043.0 898.7 888.1 800.0 
Depreciation & Amortisation 15 -215.0 -237.5 -231.0 -280.0 
EBIT reported 15 830.0 676.0 668.0 544.0 
Adjustments to EBIT 15 24.0 14.7 14.0 14.0 
Adjusted EBIT 15 816.0 661.3 654.0 530.0 
Net financials 15 -86.0 -100.7 -99.0 -117.0 
Result before taxes reported 15 735.0 575.3 573.0 428.0 
Adjusted result before taxes 15 721.0 560.5 559.0 414.0 
Net income attributable to shareholders (cont operations) 15 717.0 480.6 457.3 360.0 
Adjusted net income attributable to shareholders 15 703.0 465.9 443.3 346.0 
Average number of shares (in Mio) 15 412.9 412.9 412.9 412.9 
EPS reported based on cont operations (in Euro) 15 1.74 1.16 1.11 0.87 
Adjusted EPS (in Euro) 15 1.70 1.13 1.07 0.84 
Dividend per share (in Euro) 15 0.57 0.28 0.30 0.10 
Return on Capital Employed 18.3 15.4 15.8 11.3 
Operating Cash Flow 13 744.0 593.1 626.0 393.0 
Capex 14 -154.0 -175.2 -177.0 -184.0 
Free Cash Flow 13 568.0 418.3 452.0 215.0 
Net financial debt 14 1,331.0 970.6 967.9 695.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,686.0 2,557.4 2,569.0 2,371.0 
Sales 15 7,839.2 7,005.8 7,060.8 6,221.0 
Adjusted EBITDA 15 864.0 771.7 790.0 639.0 
Depreciation & Amortisation 15 -217.0 -241.2 -228.0 -319.0 
EBIT reported 15 632.0 530.6 539.0 412.0 
Adjustments to EBIT 15 0.0 0.0 0.0 0.0 
Adjusted EBIT 15 632.0 530.6 539.0 412.0 
Net financials 15 -40.0 -81.0 -85.0 -107.0 
Result before taxes reported 15 577.0 449.6 440.0 317.0 
Adjusted result before taxes 15 577.0 449.6 440.0 317.0 
Net income attributable to shareholders (cont operations) 15 527.0 370.9 375.0 241.0 
Adjusted net income attributable to shareholders 15 527.0 370.9 375.0 241.0 
Average number of shares (in Mio) 15 412.9 412.9 412.9 412.9 
EPS reported based on cont operations (in Euro) 15 1.28 0.90 0.91 0.58 
Adjusted EPS (in Euro) 15 1.28 0.90 0.91 0.58 
Dividend per share (in Euro) 15 0.42 0.32 0.30 0.20 
Return on Capital Employed 13.9 11.3 11.0 9.4 
Operating Cash Flow 13 760.0 606.9 607.0 415.3 
Capex 14 -152.0 -182.6 -180.0 -212.0 
Free Cash Flow 13 575.0 422.9 437.0 215.3 
Net financial debt 13 1,486.0 705.0 701.0 385.0 
 
FY 2019 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,769.0 2,591.8 2,587.0 2,371.0 
Sales 12 8,164.6 7,127.2 7,047.5 6,268.0 
Adjusted EBITDA 12 956.0 809.7 823.0 660.0 
Depreciation & Amortisation 12 -217.0 -242.3 -229.0 -282.0 
EBIT reported 12 681.0 567.4 565.0 434.0 
Adjustments to EBIT 12 0.0 0.0 0.0 0.0 
Adjusted EBIT 12 681.0 567.4 565.0 434.0 
Net financials 12 -25.0 -68.7 -74.5 -96.0 
Result before taxes reported 12 623.0 498.8 490.0 344.0 
Adjusted result before taxes 12 623.0 498.8 490.0 344.0 
Net income attributable to shareholders (cont operations) 12 518.0 412.7 419.5 262.0 
Adjusted net income attributable to shareholders 12 518.0 412.7 419.5 262.0 
Average number of shares (in Mio) 12 412.9 412.9 412.9 412.9 
EPS reported based on cont operations (in Euro) 12 1.25 1.00 1.02 0.63 
Adjusted EPS (in Euro) 12 1.25 1.00 1.02 0.63 
Dividend per share (in Euro) 12 0.50 0.35 0.32 0.22 
Return on Capital Employed 16.5 12.8 12.7 9.3 
Operating Cash Flow 11 823.0 664.7 670.0 515.0 
Capex 11 -152.0 -187.3 -180.0 -240.0 
Free Cash Flow 11 623.0 477.4 466.0 330.0 
Net financial debt 11 881.0 384.7 366.0 32.0 
 
Last update on 10/05/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, Berenberg Bank, BoA Merrill Lynch, Credit Suisse, Danske Markets, Deutsche Bank, Handelsbanken, Inderes, J.P. Morgan Cazenove, Jefferies, Nordea Markets, OP Corporate Bank, Pareto Securities, 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 2017-05-17 03:24:03