Waertsilae Oyj Abp (WRTBY)
OTHER OTC:WRTBY
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Waertsilae Oyj Abp
(OTC:WRTBY)
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Rating:71Outperform
Price Target:
$9.50
â–²(37.88% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by solid fundamentals—strong cash generation, healthy profitability, and manageable leverage—tempered by weaker near-term momentum in fundamentals (TTM revenue decline and sharply negative TTM FCF growth). Technicals are supportive with price above major moving averages, while valuation is a drag due to the high P/E despite a moderate dividend yield.
Positive Factors
Cash generation
Wärtsilä produces substantial operating and free cash flow and FCF closely tracks earnings, reflecting high earnings quality. That sustained cash generation funds capex, service investments, dividends and bolt-on projects, giving durable financial flexibility across cycles.
Negative Factors
TTM revenue decline & margin volatility
A recent TTM revenue decline and volatile gross margins signal durability risks to top-line momentum and profitability mix. For a project-driven industrial firm, weaker demand or mix shifts can persist across quarters and press margins, complicating multi-quarter planning.
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Positive Factors
Negative Factors
Cash generation
Wärtsilä produces substantial operating and free cash flow and FCF closely tracks earnings, reflecting high earnings quality. That sustained cash generation funds capex, service investments, dividends and bolt-on projects, giving durable financial flexibility across cycles.
Read all positive factors
Waertsilae Oyj Abp (WRTBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.58B
Dividend Yield0.87%
Average Volume (3M)2.81K
Price to Earnings (P/E)30.0
Beta (1Y)0.97
Revenue Growth11.48%
EPS Growth29.70%
CountryUS
Employees18,490
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.22
Shares Outstanding2,958,617,000
10 Day Avg. Volume2,472
30 Day Avg. Volume2,814
Financial Highlights & Ratios
PEG Ratio1.55
Price to Book (P/B)6.47
Price to Sales (P/S)2.80
P/FCF Ratio13.38
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue2.76
Enterprise Value/Gross Profit18.41
Enterprise Value/Ebitda18.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Waertsilae Oyj Abp Business Overview & Revenue Model
Company Description
Wärtsilä Oyj Abp, established in 1834 and headquartered in Helsinki, Finland, is a global leader providing innovative technologies and complete lifecycle support for the maritime and energy sectors. Its comprehensive marine portfolio features powe...
How the Company Makes Money
Wärtsilä primarily makes money by selling equipment and integrated solutions, and by providing recurring lifecycle services tied to its installed base across marine and energy customers. Key revenue streams typically include: (1) Product and syste...
Waertsilae Oyj Abp Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 21, 2026
Earnings Call Sentiment Positive
The call presented a clear positive operational and financial momentum with multiple all-time highs (net sales, operating results, cash flow, EPS), strong margin improvement and robust performance in Marine and Energy equipment & services. Strategic wins (data center order, ammonia engine) and major capacity and supply-chain investments underpin confidence in continued growth. However, significant weakness in Energy Storage order intake and backlog, the impact of Portfolio Business divestments on comparables, and external uncertainties (geopolitics, tariffs) temper near-term visibility. On balance, the positive achievements and structural improvements outweigh the contained challenges, but storage and timing risks remain areas to monitor.Positive Updates
Record Financial Performance and Margins
All-time highs in multiple metrics for FY2025: comparable operating results up 20% to EUR 829m (12.0% of net sales), operating result up 16% to EUR 833m (12.1% of net sales - milestone), net sales up 7% to EUR 6.9bn, and full-year operating cash flow all-time high at EUR 1.6bn. Q4 comparable operating result up 23% to EUR 256m (12.8% of net sales). 12-month rolling comparable operating margin improved to ~12% from 10.8%.
Negative Updates
Energy Storage: Significant Order Intake Decline
Energy Storage FY order intake down 60% to EUR 455m; order book down 36% to EUR 719m. Q4 storage order intake also weak, contributing to group order intake being down. Storage book-to-bill 0.66 and net sales down 13% to EUR 694m; comparable operating result deteriorated to EUR 24m (3.4% of net sales).
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Q4-2025 Updates
Positive
Negative
Record Financial Performance and Margins
All-time highs in multiple metrics for FY2025: comparable operating results up 20% to EUR 829m (12.0% of net sales), operating result up 16% to EUR 833m (12.1% of net sales - milestone), net sales up 7% to EUR 6.9bn, and full-year operating cash flow all-time high at EUR 1.6bn. Q4 comparable operating result up 23% to EUR 256m (12.8% of net sales). 12-month rolling comparable operating margin improved to ~12% from 10.8%.
Read all positive updates
Company Guidance
Guidance concentrated on three industry outlooks for the coming 12 months: Marine — demand expected to be similar to the very strong prior 12 months (Q4: Marine order intake +8%, organic +11%; Marine full‑year net sales +10%); Energy — demand expected to be better than the comparison period, driven by data centers, balancing power and baseload (Q4: Energy order intake +4%, organic +13%; Energy full‑year net sales +29%); Energy Storage — expected to improve from a very low base but remains exposed to geopolitical and tariff uncertainty that may cause postponements (2025: Storage order intake down ~60% to EUR 455m, order book EUR 719m, net sales down 13% to EUR 694m, book‑to‑bill 0.66). Management reiterated the group’s strong backlog and book‑to‑bill (group Q4 book‑to‑bill 1.11; 12‑month rolling >1 for 19 consecutive quarters; group order book ~EUR 8.2bn after ~EUR 900m divestment adjustment), warned that high external uncertainties make forward‑looking statements challenging, and confirmed capacity expansion plans (technical capacity currently run at ~75% in 2025; planned technical capacity +35% via ~EUR 140m STH investment in Vaasa, to be commissioned in Q1 2028) to meet the stronger Energy and Marine demand.Waertsilae Oyj Abp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.89B | 6.64B | 6.45B | 6.02B | 5.84B | 4.78B |
| Gross Profit | 1.03B | 1.37B | 2.98B | 2.60B | 2.17B | 2.09B |
| EBITDA | 1.03B | 1.02B | 749.00M | 484.00M | 181.00M | 459.00M |
| Net Income | 625.29M | 601.29M | 503.00M | 258.00M | -64.00M | 194.00M |
Balance Sheet | ||||||
| Total Assets | 8.25B | 8.47B | 7.69B | 6.80B | 6.61B | 6.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.12B | 2.59B | 1.55B | 819.00M | 461.00M | 964.00M |
| Total Debt | 546.00M | 769.67M | 766.00M | 859.00M | 949.00M | 972.00M |
| Total Liabilities | 5.86B | 5.59B | 5.16B | 4.57B | 4.46B | 4.20B |
| Stockholders Equity | 2.39B | 2.88B | 2.52B | 2.23B | 2.13B | 2.31B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 1.39B | 1.04B | 674.00M | -218.00M | 589.00M |
| Operating Cash Flow | 1.40B | 1.53B | 1.21B | 822.00M | -62.00M | 731.00M |
| Investing Cash Flow | -73.10M | -48.99M | -149.00M | -138.00M | -151.00M | -128.00M |
| Financing Cash Flow | -779.16M | -474.50M | -323.00M | -308.00M | -289.00M | -580.00M |
Waertsilae Oyj Abp Technical Analysis
Negative
6.89
Price Trends
8.27
Negative
8.09
Negative
7.24
Positive
Market Momentum
-0.13
Positive
40.75
Neutral
3.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRTBY, the sentiment is Negative. The current price of 6.89 is below the 20-day moving average (MA) of 8.07, below the 50-day MA of 8.27, and below the 200-day MA of 7.24, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 40.75 is Neutral, neither overbought nor oversold. The STOCH value of 3.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WRTBY.
Waertsilae Oyj Abp Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $16.17B | 31.98 | 12.61% | 1.56% | 7.54% | 7.09% | |
75 Outperform | $16.06B | 30.45 | 17.12% | 1.64% | 7.37% | 20.50% | |
73 Outperform | $12.38B | 23.91 | 19.65% | 1.32% | 4.61% | 7.87% | |
71 Outperform | $22.58B | 29.98 | 24.86% | 0.87% | 11.48% | 29.70% | |
67 Neutral | $16.91B | 36.04 | 13.03% | 0.79% | 16.63% | -9.75% | |
66 Neutral | $11.93B | 17.86 | 17.74% | 0.96% | 3.10% | 4.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
WRTBY
Waertsilae Oyj Abp
7.65
3.17
70.71%
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IEX
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218.49
41.31
23.31%
ITT
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189.13
38.41
25.49%
NDSN
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33.81%
PNR
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-23.74%
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.