Vossloh (VOS) AI Stock Analysis

• Market Cap: €1.72B
• Dividend Yield: 1.26%
• Average Volume (3M): 36.57K
• Price to Earnings (P/E): 28.8
• Beta (1Y): 0.93
• Revenue Growth: 4.84%
• EPS Growth: 2.72%
• Country: DE
• Employees: 4,383
• Sector: Industrials
• Sector Strength: 79
• Industry: Railroads
• EPS (TTM): 1.25
• Shares Outstanding: 19,320,597
• 10 Day Avg. Volume: 22,850
• 30 Day Avg. Volume: 36,567
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €91.75
• Price Target Upside: 5.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: €98.00 ▲(12.64% Upside)

Vossloh's strong financial performance and cash flow generation are significant strengths, supporting its position in the railroad industry. However, technical indicators point to an overbought condition, and the high P/E ratio suggests potential overvaluation risks. The absence of earnings call insights or notable corporate events means these factors are not influencing the current assessment.

Positive Factors

Financial Performance

EBIT increased by +19% YoY to €38m, reflecting a +19% consensus beat and translating into a margin of 11.3%.

Order Backlog

The order backlog increased by 15% year-over-year and 11% sequentially, reaching €926 million.

Sales Performance

Fourth quarter sales rose by 21% year-over-year to €350m with support from all segments, while Lifecycle Solutions showed the most growth with 32% year-over-year.

Negative Factors

Initial Year Performance

Sales declined by 7% year-over-year, while EBIT decreased by 59% year-over-year, indicating a challenging start to the year.

Order Intake

Order intake was down materially by -32% YoY to €285m, with book-to-bill slipping to 0.9x.

Vossloh Business Overview & Revenue Model

Company Description

Vossloh AG is a global leader in rail infrastructure, specializing in the development, production, and maintenance of railway systems and components. The company operates primarily in the Railway Infrastructure and Services segments, offering a wide range of products including concrete ties, special trackwork, fastening systems, and rail fastening systems. Additionally, Vossloh provides services related to track maintenance and modernizations, focusing on enhancing the safety, efficiency, and sustainability of railway operations worldwide.

How the Company Makes Money

Vossloh generates revenue through multiple key streams within its core business segments. The primary revenue source comes from the sale of railway infrastructure products such as concrete ties and fastening systems, which are essential for the construction and maintenance of railway tracks. The company also earns revenue through its services segment, which includes track maintenance, modernization projects, and consulting services. Significant partnerships with railway operators and infrastructure developers globally enhance Vossloh's market presence and revenue potential. Additionally, government contracts for public transportation infrastructure projects often contribute to stable revenue flows. The company's focus on innovation and sustainability also positions it favorably in a market that increasingly values eco-friendly transportation solutions.

Vossloh Financial Statement Overview

Summary

Vossloh shows strong financial health with consistent revenue growth, improved profit margins, and robust cash flow generation. The company's capital structure is balanced, though debt levels should be monitored.

Income Statement

Vossloh demonstrated solid revenue growth with a consistent upward trajectory over the past years. The gross profit margin improved to 27.2% in 2024 from previous years, indicating effective cost management. Net profit margin increased significantly to 5.7% in 2024, up from 3.7% in 2023, driven by higher net income. The EBIT and EBITDA margins also showed positive trends, reflecting enhanced operational efficiency.

Balance Sheet

The company maintains a stable equity ratio of 48.7%, which suggests a balanced capital structure. However, the debt-to-equity ratio of 0.31 in 2024, while manageable, indicates a reliance on debt financing. Positive ROE of 9.5% in 2024 signals effective utilization of equity capital, although improvements in equity returns can further strengthen the financial position.

Cash Flow

Vossloh experienced a healthy growth in free cash flow, which increased by 15.4% from 2023 to 2024, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 1.97 in 2024 highlights efficient cash conversion from earnings. The free cash flow to net income ratio of 1.17 suggests robust cash flow relative to net earnings, supporting future growth and debt repayment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.19B	1.21B	1.21B	1.05B	942.80M	869.70M
Gross Profit	325.10M	329.20M	316.00M	236.80M	218.00M	196.90M
EBITDA	136.65M	164.60M	151.00M	131.70M	123.70M	125.50M
Net Income	67.00M	69.20M	44.70M	47.70M	28.20M	47.00M
Balance Sheet
Total Assets	1.51B	1.49B	1.39B	1.37B	1.29B	1.22B
Cash, Cash Equivalents and Short-Term Investments	94.20M	97.30M	100.50M	80.70M	77.30M	69.40M
Total Debt	28.20M	224.40M	312.40M	315.70M	286.50M	419.50M
Total Liabilities	755.70M	738.90M	754.20M	743.70M	701.50M	802.00M
Stockholders Equity	725.90M	726.10M	462.10M	597.90M	559.30M	398.60M
Cash Flow
Free Cash Flow	64.50M	80.70M	69.90M	26.70M	29.60M	4.10M
Operating Cash Flow	127.50M	136.40M	137.30M	71.60M	81.30M	56.10M
Investing Cash Flow	0.00	-49.70M	-65.40M	-44.90M	-57.90M	-3.00M
Financing Cash Flow	0.00	-83.90M	-39.40M	-29.30M	-30.80M	-67.40M

Vossloh Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 87.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:VOS, the sentiment is Positive. The current price of 87 is below the 20-day moving average (MA) of 87.69, above the 50-day MA of 85.79, and above the 200-day MA of 63.06, indicating a bullish trend. The MACD of 0.88 indicates Positive momentum. The RSI at 52.33 is Neutral, neither overbought nor oversold. The STOCH value of 46.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:VOS.

Vossloh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VOS	71 Outperform	€1.72B	28.83	10.98%	1.26%	4.84%	2.72%
Sector *	64 Neutral	$10.96B	16.35	8.89%	1.96%	2.68%	-15.17%
0J9C	―	€1.52B	14.47	-6.59%	―	―	―
0ZPV	―	€1.00B	13.01	7.86%	1.35%	―	―
0BQE	―	€1.58B	13.09	11.18%	―	―	―
0G77	―	€1.36B	―	-9.21%	―	―	―
0FWF	―	€42.41M	6.80	6.39%	―	―	―