Outokumpu (OUT1V) - OVERVIEW



Last update 10/01/2017
Q4 2016 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 643.0 600.2 601.5 577.5 
Sales 17 1,584.0 1,435.0 1,427.0 1,344.5 
Underlying EBITDA 17 126.0 91.6 90.0 68.0 
Depreciation & Amortisation incl non-recurring items 17 -46.0 -57.2 -57.0 -69.0 
EBIT reported 18 70.0 42.3 37.5 11.0 
Adjustments to EBIT 18 25.0 8.1 0.0 0.0 
Underlying EBIT 18 68.0 34.2 33.0 11.0 
Net financials 18 -10.0 -26.2 -27.5 -40.0 
Result before taxes reported 18 48.0 16.1 15.5 -19.0 
Underlying result before taxes 18 41.0 8.0 8.0 -19.0 
Net income attributable to shareholders (cont operations) 18 40.0 13.3 10.5 -18.0 
Underlying net income attributable to shareholders 18 40.0 5.2 5.0 -18.0 
Average number of shares (in Mio) 18 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 18 0.10 0.03 0.03 -0.04 
Underlying EPS (in Euro) 18 0.10 0.01 0.01 -0.04 
Dividend per share (in Euro) 
Return on Capital Employed 
Operating Cash Flow 
Capex 
Free Cash Flow 
Net financial debt 
 
FY 2016 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 10 2,490.0 2,434.3 2,443.5 2,322.0 
Sales 17 5,768.0 5,619.1 5,611.0 5,528.5 
Underlying EBITDA 17 324.0 290.3 289.0 267.0 
Depreciation & Amortisation incl non-recurring items 17 -238.0 -249.1 -248.0 -261.0 
EBIT reported 18 104.0 76.2 71.5 45.0 
Adjustments to EBIT 18 52.0 35.2 27.0 27.0 
Underlying EBIT 18 75.0 41.1 39.5 18.0 
Net financials 18 -100.0 -116.1 -117.5 -130.0 
Result before taxes reported 18 -8.0 -39.8 -41.0 -75.0 
Underlying result before taxes 18 -42.0 -75.0 -75.0 -102.0 
Net income attributable to shareholders (cont operations) 18 -8.0 -34.7 -37.6 -66.0 
Underlying net income attributable to shareholders 18 -35.0 -69.9 -70.0 -93.0 
Average number of shares (in Mio) 18 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 18 -0.02 -0.08 -0.09 -0.16 
Underlying EPS (in Euro) 18 -0.08 -0.17 -0.17 -0.22 
Return on Capital Employed 2.6 1.6 1.7 0.5 
Operating Cash Flow 15 395.0 299.0 317.4 132.9 
Capex 17 -121.0 -139.9 -140.0 -150.0 
Free Cash Flow 15 255.0 159.2 172.0 -13.8 
Net financial debt 17 1,601.0 1,411.4 1,388.0 1,285.0 
 
FY 2017 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,653.0 2,540.5 2,543.0 2,330.0 
Sales 17 6,915.0 6,273.8 6,151.0 5,899.0 
Underlying EBITDA 17 896.0 617.3 599.0 500.0 
Depreciation & Amortisation incl non-recurring items 17 -203.0 -236.9 -234.0 -290.0 
EBIT reported 18 668.0 376.6 344.5 264.0 
Adjustments to EBIT 18 0.0 -1.1 0.0 -10.0 
Underlying EBIT 18 668.0 377.7 344.5 264.0 
Net financials 18 -74.0 -95.8 -96.0 -122.0 
Result before taxes reported 18 573.0 280.9 246.5 173.0 
Underlying result before taxes 18 573.0 282.0 246.5 173.0 
Net income attributable to shareholders (cont operations) 18 553.0 240.2 202.5 122.0 
Underlying net income attributable to shareholders 18 553.0 241.4 202.5 122.0 
Average number of shares (in Mio) 18 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 18 1.33 0.58 0.49 0.29 
Underlying EPS (in Euro) 18 1.33 0.58 0.49 0.29 
Return on Capital Employed 14.4 9.7 9.2 4.6 
Operating Cash Flow 15 741.0 451.2 402.0 295.0 
Capex 18 -138.0 -155.2 -154.8 -180.0 
Free Cash Flow 15 596.0 296.0 249.0 146.0 
Net financial debt 17 1,420.0 1,137.1 1,163.0 748.0 
 
FY 2018 E
 Number of EstimatesHighestConsensusMedianLowest
Group stainless steel deliveries 2,727.0 2,601.6 2,594.0 2,375.0 
Sales 17 7,447.0 6,533.6 6,483.0 5,970.3 
Underlying EBITDA 17 831.0 679.8 657.0 565.0 
Depreciation & Amortisation incl non-recurring items 17 -203.0 -240.1 -230.0 -318.0 
EBIT reported 18 618.9 438.0 408.5 335.0 
Adjustments to EBIT 18 0.0 0.0 0.0 0.0 
Underlying EBIT 18 618.9 438.0 408.5 335.0 
Net financials 18 -48.0 -85.9 -87.5 -120.0 
Result before taxes reported 18 546.0 352.0 320.0 265.0 
Underlying result before taxes 18 546.0 352.0 320.0 265.0 
Net income attributable to shareholders (cont operations) 18 528.4 289.7 262.0 194.0 
Underlying net income attributable to shareholders 18 528.4 289.7 262.0 194.0 
Average number of shares (in Mio) 18 416.4 416.4 416.4 416.4 
EPS reported based on cont operations (in Euro) 18 1.27 0.70 0.63 0.47 
Underlying EPS (in Euro) 18 1.27 0.70 0.63 0.47 
Return on Capital Employed 12.4 10.3 10.9 5.9 
Operating Cash Flow 15 706.7 483.8 483.0 143.0 
Capex 18 -116.0 -156.5 -160.0 -180.0 
Free Cash Flow 15 552.2 327.7 329.0 27.0 
Net financial debt 16 1,338.0 857.3 871.0 396.0 
 
 
Last update on 10/01/2017
The earnings estimates of the following institutions were included in the above figures:
ABG Sundal Collier, ABN AMRO, BoA Merrill Lynch, Carnegie, Credit Suisse, Danske Markets, Deutsche Bank, Evli Bank, Handelsbanken, Inderes, J.P. Morgan Cazenove, Jefferies, Kepler Cheuvreux, 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 2017-01-18 03:12:57