Outokumpu (OUT1V) - SCENARIOS



Last update 09/08/2017
 FY 2015FY 2016FY 2017 EFY 2018 EFY 2019 E
Consolidated statement of income (in Euro m)
Sales 6,384.0 5,690.0 6,517.6 6,587.1 6,778.5 
Adjusted EBITDA 165.0 309.0 748.9 687.3 748.7 
EBIT reported 228.0 103.0 541.6 455.4 516.9 
Adjusted EBIT -132.0 57.0 518.4 455.4 516.9 
Result before taxes reported 127.0 -13.0 437.5 371.7 448.5 
Adjusted result before taxes -202.0 -59.0 414.2 371.7 448.5 
Net income attributable to shareholders (cont operations) 96.0 144.0 373.0 335.4 367.2 
Adjusted net income attributable to shareholders -233.0 87.0 349.7 335.4 367.2 
EPS reported based on cont operations (in Euro) 0.2 0.4 0.9 0.8 0.9 
Adjusted EPS (in Euro) -0.60 0.20 0.80 0.81 0.89 
Dividend per share (in Euro) 0.00 0.10 0.20 0.26 0.33 
Consolidated balance sheet (in Euro m)
Non-current assets 3,566.0 3,445.0 3,388.8 3,341.8 3,295.0 
Current assets 2,257.0 2,229.0 3,539.4 3,474.7 3,435.7 
Other assets 51.0 316.0 316.0 316.0 316.0 
Total assets 5,874.0 5,990.0 7,244.2 7,132.5 7,046.7 
Shareholders equity 2,329.0 2,416.0 3,554.2 3,516.1 3,396.0 
Minority interest 0.0 0.0 0.0 0.0 0.0 
Provisions 482.0 489.0 382.5 290.2 273.0 
Interest bearing liabilities 1,796.0 1,512.0 1,512.0 1,512.0 1,512.0 
Non-interest bearing liabilities 1,267.0 1,573.0 1,795.5 1,814.2 1,865.7 
Total equity and liabilities 5,874.0 5,990.0 7,244.2 7,132.5 7,046.7 
Consolidated statement of cash flow (in Euro m)
Net cash from operating activities -35.0 389.0 424.9 469.0 565.2 
Net cash from investing activities 239.0 -81.0 632.4 -461.0 -563.9 
Net cash from financing activities -213.0 -291.0 -41.4 -97.5 -108.5 
Net change in cash and cash equivalents -9.0 18.0 1,015.9 -89.4 -107.1 
Cash and cash equivalents at January 1 0.0 0.0 0.0 0.0 0.0 
Cash and cash equivalents 191.0 186.0 204.0 1,219.9 1,130.5 
Key ratios
Valuation
EV/Sales 0.57 0.69 0.77 0.71 0.57 
EV/EBITDA 21.9 12.7 6.7 6.8 5.1 
EV/EBIT n.m. 69.1 9.6 10.3 7.5 
P/E reported 0.6 13.5 9.0 10.0 9.1 
P/E adjusted n.m. 23.6 9.6 10.0 9.1 
Price/Book 0.03 0.81 0.95 0.96 1.00 
Profitability ratios in %
EBITDA margin 3.6 1.8 8.3 6.9 7.6 
EBIT margin 2.0 -0.2 6.7 5.6 6.6 
Pre tax margin 1.5 2.5 5.7 5.1 5.4 
Net margin 0.0 0.0 0.0 0.0 0.0 
Productivity ratios
Sales/employee (in thousand Euro) 508.2 453.0 592.4 621.4 639.5 
Net earnings/employee (in thousand Euro) 0.0 0.0 0.1 0.1 0.1 
Number of employees 12,561 12,561 11,002 10,600 10,600 
Financial ratios in %
Equity ratio 39.7 40.3 49.1 49.3 48.2 
Net financial debt 1,610.0 1,308.0 292.1 381.5 488.7 
Netgearing 69.1 54.1 8.2 10.9 14.4 
Dividend yield n.m. 2.1 0.0 0.0 0.0 
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