Wienerberger (WBRBY)
OTHER OTC:WBRBY
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Wienerberger
(OTC:WBRBY)
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Rating:67Neutral
Price Target:
$6.50
▼(-9.72% Downside)
Action:ReiteratedDate:02/24/26
Score reflects resilient cash generation and improving balance-sheet positioning despite a clear profitability and revenue downturn versus prior-cycle peaks. Management’s disciplined execution and 2026 EBITDA guidance support the outlook, while valuation (P/E ~21.3 with a ~1.58% yield) and near-term macro/energy and leverage headwinds keep the score in the mid range.
Positive Factors
Cash generation
Sustained high operating cash flow and a near‑€500m free cash flow result provide durable funding for maintenance and selective growth capex, shareholder returns and debt paydown. Strong cash conversion increases financial flexibility and reduces refinancing risk over the medium term.
Negative Factors
Margin erosion
Margins and profitability have materially retreated from cycle highs, reflecting cost inflation and weaker pricing power in some markets. Persistently lower margins reduce free cash flow upside, compress returns on capital and leave less room to absorb continued input‑cost or demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained high operating cash flow and a near‑€500m free cash flow result provide durable funding for maintenance and selective growth capex, shareholder returns and debt paydown. Strong cash conversion increases financial flexibility and reduces refinancing risk over the medium term.
Read all positive factors
Wienerberger (WBRBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.10B
Dividend Yield1.61%
Average Volume (3M)421.00
Price to Earnings (P/E)21.0
Beta (1Y)1.04
Revenue Growth9.36%
EPS Growth213.66%
CountryUS
Employees19,975
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.07
Shares Outstanding547,488,460
10 Day Avg. Volume220
30 Day Avg. Volume421
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.20
Price to Sales (P/S)0.76
P/FCF Ratio9.96
Enterprise Value/Market Cap1.40
Enterprise Value/Revenue0.96
Enterprise Value/Gross Profit2.73
Enterprise Value/Ebitda6.02
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.49
Revenue Forecast (FY)$5.59B
Wienerberger Business Overview & Revenue Model
Company Description
Wienerberger AG produces and sells bricks, roof tiles, concrete pavers, and pipe systems in Europe. It operates through Wienerberger Building Solutions, Wienerberger Piping Solutions, and North America segments. The company offers clay blocks for ...
How the Company Makes Money
Wienerberger makes money primarily by manufacturing and selling building materials and systems, with revenue generally recognized from product sales to distributors, contractors, and project customers. Key revenue streams typically include: (1) Ma...
Wienerberger Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call portrays a resilient performance: management delivered on EBITDA guidance, maintained a healthy 16.5% margin, doubled profit after tax, generated nearly EUR 500 million free cash flow and improved leverage and working capital despite materially softer end markets. Operational discipline (EUR 30m overhead savings) and a product mix shift (34% innovative products) underpin the positive results. At the same time, the company faces meaningful headwinds—notably sharp North American residential declines, a one-off EUR 30m energy cost burden in 2026, ongoing cost inflation, and a flat market outlook. Management is pursuing a strategic acquisition (Italcer) and plans to self-finance and deleverage, but the deal temporarily increases leverage. Overall, achievements and financial discipline are strong and visible, while several notable short-term challenges and macro risks remain.Positive Updates
Delivered Guidance and Stable Margin
Achieved midyear EBITDA guidance; operating EBITDA margin remained broadly flat at 16.5% year-on-year despite weak markets.
Negative Updates
Significant Market Weakness vs 2021 Reference
Combined relevant markets (new build, new residential, infrastructure, renovation) remain depressed at ~65% of the 2021 reference level (down from ~70% in 2024).
Read all updates
Q4-2025 Updates
Positive
Negative
Delivered Guidance and Stable Margin
Achieved midyear EBITDA guidance; operating EBITDA margin remained broadly flat at 16.5% year-on-year despite weak markets.
Read all positive updates
Company Guidance
Wienerberger’s 2026 guidance assumes flat markets (residential, infrastructure, renovation) and flat volumes/prices (target price increases up to 2% vs. inflation ~2.5%) and gives operating EBITDA for the ongoing business of EUR 760m (2025 operating EBITDA EUR 754m; efficiency/organizational measures +EUR 36m to EUR 790m, offset by a one‑off energy burden of ~EUR 30m); adding the expected consolidated Italcer contribution (~EUR 50m in 2026; Italcer EV ~EUR 560m, EBITDA ~EUR 82m) yields a group operating EBITDA target of ~EUR 810m. Key financial targets and assumptions: CapEx EUR 280m (EUR 100m growth, EUR 160m maintenance, EUR 20m Secure Zone), 2025 free cash flow ~EUR 500m, year‑end 2025 net debt ~EUR 1.6bn (leverage 2.2x), initial Italcer cash/debt impact ~EUR 400m (pro forma leverage ≈2.5x) with management planning ~EUR 220m of cash actions (working‑capital, CapEx, real‑estate) to lower net debt to ~EUR 1.8bn by end‑2026; Fit for Growth run‑rate savings EUR 15–20m (plus EUR 30m overhead savings already delivered), energy market price expected ~EUR 32–33 (company paid ~EUR 24 in 2025), and a dividend proposal of EUR 0.95/share (payout ~28% of FCF).Wienerberger Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.39B | 4.51B | 4.22B | 4.98B | 3.97B |
| Gross Profit | 1.54B | 1.61B | 1.61B | 1.95B | 1.42B |
| EBITDA | 678.14M | 621.77M | 787.42M | 1.01B | 661.30M |
| Net Income | 159.45M | 79.76M | 334.36M | 567.91M | 311.89M |
Balance Sheet | |||||
| Total Assets | 6.14B | 6.42B | 5.47B | 5.20B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 212.91M | 281.37M | 420.19M | 305.58M | 370.59M |
| Total Debt | 1.92B | 2.13B | 1.70B | 1.45B | 1.54B |
| Total Liabilities | 3.34B | 3.54B | 2.81B | 2.75B | 2.75B |
| Stockholders Equity | 2.80B | 2.86B | 2.66B | 2.45B | 2.15B |
Cash Flow | |||||
| Free Cash Flow | 336.19M | 277.17M | 138.36M | 371.23M | 230.81M |
| Operating Cash Flow | 606.10M | 589.54M | 409.95M | 723.80M | 510.56M |
| Investing Cash Flow | -249.74M | -913.81M | -322.95M | -332.80M | -666.70M |
| Financing Cash Flow | -398.62M | 162.09M | 38.76M | -448.79M | -147.62M |
Wienerberger Technical Analysis
Neutral
7.20
Price Trends
6.13
Negative
6.47
Negative
6.61
Negative
Market Momentum
-0.14
Negative
52.02
Neutral
74.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBRBY, the sentiment is Neutral. The current price of 7.2 is above the 20-day moving average (MA) of 5.34, above the 50-day MA of 6.13, and above the 200-day MA of 6.61, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 52.02 is Neutral, neither overbought nor oversold. The STOCH value of 74.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WBRBY.
Wienerberger Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $17.99B | 1.73 | 10.45% | 0.74% | -6.34% | 210.97% | |
69 Neutral | $2.04B | 14.72 | 22.02% | 1.12% | 15.70% | 19.92% | |
69 Neutral | $2.94B | 16.29 | ― | 0.94% | 0.28% | -1.57% | |
67 Neutral | $3.10B | 21.00 | 5.98% | 1.61% | 9.36% | 213.66% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $968.32M | 20.64 | 11.98% | 5.46% | 9.24% | 24.01% | |
49 Neutral | $1.54B | 79.74 | 2.03% | ― | -33.99% | -61.41% |
* Basic Materials Sector Average
WBRBY
Wienerberger
5.68
-0.52
-8.45%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.