Wienerberger (WBRBY) AI Stock Analysis

• Market Cap: $2.90B
• Dividend Yield: 1.61%
• Average Volume (3M): 421.00
• Price to Earnings (P/E): 21.0
• Beta (1Y): 1.06
• Revenue Growth: 9.36%
• EPS Growth: 213.66%
• Country: US
• Employees: 19,975
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 0.07
• Shares Outstanding: 547,488,460
• 10 Day Avg. Volume: 220
• 30 Day Avg. Volume: 421
• PEG Ratio: 0.21
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 9.96
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 2.66
• Enterprise Value/Ebitda: 5.86
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.55
• Revenue Forecast (FY): $5.61B

• Rating: 67 Neutral
• Price Target: $6.00 ▼(-16.67% Downside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 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 free cash flow provides durable financial flexibility: it funds maintenance and growth capex, supports dividends and deleveraging, and cushions the business through cyclical construction downturns. Reliable cash conversion strengthens credit capacity and self‑funding ability over the medium term.

Improving Balance Sheet

Progressively lower leverage and a sizable equity base improve financial resilience: reduced refinancing risk and better covenant headroom enhance capacity to invest, absorb shocks, and execute strategic moves. A de-risked balance sheet materially increases strategic optionality over the next several quarters.

Higher-margin Product Mix

A shift toward innovative, higher‑margin products and renovation end‑markets supports margin durability and reduces sensitivity to new‑build swings. Cross‑selling roof, wall and piping systems plus expansion in piping market share foster stickier customer relationships and steadier revenue streams over time.

Negative Factors

Compressed Profitability

Material margin erosion versus cycle peaks signals weaker structural profitability and returns on capital. Lower margins constrain reinvestment, reduce ROE and limit the pace of deleveraging or shareholder returns if volumes remain muted, making recovery of historical profitability a multi‑period challenge.

Weak Structural End Markets

Persistently lower market volumes (new build, infrastructure, renovation) reduce utilization and pricing power, prolonging recovery time and pressuring fixed‑cost absorption. Structural demand shortfall limits durable top‑line growth and keeps margin upside constrained absent significant market improvement.

Acquisition-Driven Leverage Increase

The Italcer deal materially raises near‑term leverage and interest exposure, reducing financial headroom until planned cash actions and synergies materialize. Higher leverage constrains optionality for further investments, increases refinancing risk sensitivity, and makes execution of integration synergies a key medium‑term determinant of value.

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 exterior walls, load and non-load-bearing interior walls, and partition walls, as well as for infill and separating walls under the Porotherm and POROTON brand names; facing bricks for façades under the Terca brand, and ceramic façade tiles under the Argeton brand for hospitals, schools, factories, and offices; clay roof tiles under the Koramic, Sandtoft, and Tondach brands; vitrified clay pipes and fittings, shafts, and accessories for sewage systems; and concrete and clay pavements for various applications that include pedestrian zones, public spaces in train stations or airports, and private terraces or gardens under the Semmelrock brand name, as well as paving bricks and terrace tiles under the Penter brand. It also provides plastic pipes, pipe systems, and pipe fittings for sewage disposal and rainwater drainage; sanitation and heating technology; and supplying energy, gas, and drinking water under the Pipelife brand. Wienerberger AG was founded in 1819 and is headquartered in Vienna, Austria.

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) Masonry and wall construction materials—sales of clay blocks/bricks and related wall system components used in new builds and renovation; (2) Roofing solutions—sales of roof tiles and complementary roofing accessories sold into pitched-roof construction and refurbishment; (3) Pavers and other concrete infrastructure products—sales of concrete paving stones and related landscaping/infrastructure products used in public and private outdoor projects; and (4) Plastic pipe systems—sales of piping solutions for drinking water, drainage, stormwater retention, and wastewater networks used in municipal infrastructure and real estate development. Earnings are influenced by construction and renovation activity levels, product mix and pricing (including the ability to pass through energy and raw-material cost changes), manufacturing utilization rates across plants, logistics costs, and regional demand conditions. The company also benefits from cross-selling complementary systems (e.g., roofing tiles with accessories, wall systems with ancillary components) and from long-term relationships with building-material merchants and project specifiers that can drive repeat orders. Specific partnership details are not available (null).

Wienerberger Financial Statement Overview

Summary

Financials show a cyclical downturn: 2025 revenue contracted (-5.4%) and profitability is well below 2022 peaks (net margin ~3.6% vs ~11.4%). Offsetting this, cash generation is a clear strength (solid operating cash flow and improved 2025 free cash flow) and the balance sheet has gradually de-risked with improving debt-to-equity, keeping leverage manageable.

Income Statement

Profitability has cooled materially versus prior peak levels. Revenue declined in 2025 (-5.4%) after a roughly flat-to-soft 2023, and margins compressed meaningfully from 2022–2023 highs (net margin down to ~3.6% in 2025 vs ~11.4% in 2022; EBIT margin ~7.2% in 2025 vs ~14.8% in 2022). A positive offset is the sharp rebound in 2025 net income versus 2024 (2024 was notably weak), but overall earnings quality looks more cyclical than steadily improving.

Balance Sheet

Leverage appears manageable for the profile, with debt-to-equity improving from higher levels in 2020 (~0.91) to ~0.69 in 2025, and equity remaining sizable relative to the asset base. However, leverage is still meaningful and returns on equity have come down substantially from 2021–2022 levels (2024 ROE ~2.8% vs 2022 ~23.2%), signaling weaker profitability supporting the capital structure in the most recent periods.

Cash Flow

Cash generation is a relative strength: operating cash flow remained solid in 2024–2025 (~590–606M) and free cash flow improved in 2025 (~336M), with free cash flow growth accelerating in 2025 (+11.2%). That said, free cash flow conversion versus net income is only moderate in the latest year (free cash flow about ~55% of net income in 2025), and cash flow performance has been somewhat choppy over time (notably weaker free cash flow in 2023).

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

• Technical Analysis Sentiment: Negative
• Last Price: 7.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBRBY, the sentiment is Negative. The current price of 7.2 is above the 20-day moving average (MA) of 6.26, above the 50-day MA of 6.64, and above the 200-day MA of 6.78, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 24.46 is Positive, neither overbought nor oversold. The STOCH value of 2.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WBRBY.

Wienerberger Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTAM	74 Outperform	$2.89B	12.05	―	0.94%	0.28%	-1.57%
CX	69 Neutral	$15.96B	1.73	10.45%	0.74%	-6.34%	210.97%
TGLS	69 Neutral	$1.96B	14.72	22.02%	1.12%	15.70%	19.92%
WBRBY	67 Neutral	$2.90B	21.00	5.98%	1.61%	9.36%	213.66%
CPAC	64 Neutral	$937.31M	20.64	16.04%	5.46%	9.24%	24.01%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LOMA	49 Neutral	$1.21B	-35.03	5.06%	―	-33.99%	-61.41%