Want to see WRTBY full AI Analyst Report?
Top Page
Waertsilae Oyj Abp
(OTC:WRTBY)
Select Model
Select Model
Rating:70Outperform
Price Target:
$7.50
â–²(6.99% Upside)
Action:Upgraded
Date:07/22/26
The score is supported primarily by strong financial performance (improving profitability, conservative leverage, and robust free cash flow) and a positive earnings call highlighting record orders, a growing backlog, and improved margins. These strengths are partially offset by weak technicals (price below key moving averages with negative momentum) and a mixed valuation profile (high P/E despite a solid dividend yield).
Positive Factors
Record Order Book
A near-€9bn order book and 33% intake growth provide durable revenue visibility across quarters, reducing near-term top-line volatility. A large, multi-quarter backlog supports predictable equipment and service demand, enabling capacity planning and revenue conversion over the next 2–6 months.
Negative Factors
Near-Term Capacity Constraints
Capacity being largely sold out through 2028 constrains the firm’s ability to convert backlog into near-term revenue, delaying cash realization and potentially increasing delivery lead times. Expansion plans mitigate this but benefits are back‑loaded to 2029, leaving short-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Order Book
A near-€9bn order book and 33% intake growth provide durable revenue visibility across quarters, reducing near-term top-line volatility. A large, multi-quarter backlog supports predictable equipment and service demand, enabling capacity planning and revenue conversion over the next 2–6 months.
Read all positive factors
Waertsilae Oyj Abp (WRTBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.96B
Dividend Yield3.41%
Average Volume (3M)2.81K
Price to Earnings (P/E)26.0
Beta (1Y)0.98
Revenue Growth5.57%
EPS Growth26.01%
CountryUS
Employees17,879
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.23
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers energy storage; engine and hybrid power plants; and data centre power solutions, as well as lifecycle solutions, lifecycle upgrades...
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:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial picture: record order intake, all-time high order book, meaningful organic growth, improved margins (including a >500bps improvement in energy equipment order-book gross margin since early 2025), strong Q2 cash flow, major technology and data center wins, and decisive capacity expansion and portfolio simplification. Challenges are present but largely manageable or one-time in nature (service declines driven by divestments/FX, capacity constraints being addressed by planned expansion, a EUR 40–50m JV impact, regulatory fragmentation and project volatility). On balance the positive achievements, momentum and clear strategic actions outweigh the negatives.Positive Updates
Record Order Intake and Order Book
Total order intake up 33% to EUR 2.8bn (all-time high). Energy order intake ~EUR 1.7bn (all-time high) and Marine order intake EUR 1.2bn (all-time high). Order book close to EUR 9bn (up 13% YoY). Energy order book has more than doubled since start of 2025.
Negative Updates
Reported Service Sales and Order Intake Down (Impact of Divestments & FX)
Reported service order intake down 4% (EUR 920m → EUR 882m) and service net sales down 6% (EUR 900m → EUR 845m); decline driven by portfolio divestments and negative FX. Organically service order intake was +1% and organic service sales roughly flat (-1%).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Order Intake and Order Book
Total order intake up 33% to EUR 2.8bn (all-time high). Energy order intake ~EUR 1.7bn (all-time high) and Marine order intake EUR 1.2bn (all-time high). Order book close to EUR 9bn (up 13% YoY). Energy order book has more than doubled since start of 2025.
Read all positive updates
Company Guidance
Wärtsilä's guidance is that demand for the next 12 months should be similar to the comparison period for both Marine and Energy, while management emphasizes a continued very strong demand backdrop in Energy after two consecutive record quarters; Q2 order intake was up 33% to EUR 2.8bn (Energy +82% to ~EUR 1.7bn, Marine ~EUR 1.2bn), the order book is close to EUR 9bn (up 13% YoY and Energy backlog >2x since start‑2025 with a >500bp gross‑margin improvement), the combined Marine & Energy service order book is EUR 2.6bn (+11%) with a 12‑month rolling service book‑to‑bill of 1.07, organic net sales +5% (reported ~EUR 1.6bn), comparable operating result EUR 218m (14% of sales), operating result EUR 209m (13.4%), Q2 operating cash flow EUR 497m and ROCE 73%; management cautions that capacity is a limiting factor (2028 largely sold out, 2029 bookings underway), is expanding operational capacity 2.2x by 2029 including a EUR 90m Vaasa investment (+30% capacity), and notes a pending energy‑storage JV expected to close in Q3 that will negatively impact 2026 operating results by EUR 40–50m.Waertsilae Oyj Abp Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.73B | 6.64B | 6.45B | 6.02B | 5.84B | 4.78B |
| Gross Profit | 1.05B | 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 | 635.29M | 601.29M | 503.00M | 258.00M | -64.00M | 194.00M |
Balance Sheet | ||||||
| Total Assets | 8.43B | 8.47B | 7.69B | 6.80B | 6.61B | 6.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.22B | 2.59B | 1.55B | 819.00M | 461.00M | 964.00M |
| Total Debt | 551.00M | 769.67M | 766.00M | 859.00M | 949.00M | 972.00M |
| Total Liabilities | 5.89B | 5.59B | 5.16B | 4.57B | 4.46B | 4.20B |
| Stockholders Equity | 2.53B | 2.88B | 2.52B | 2.23B | 2.13B | 2.31B |
Cash Flow | ||||||
| Free Cash Flow | 1.32B | 1.39B | 1.04B | 674.00M | -218.00M | 589.00M |
| Operating Cash Flow | 1.49B | 1.53B | 1.21B | 822.00M | -62.00M | 731.00M |
| Investing Cash Flow | -302.10M | -48.99M | -149.00M | -138.00M | -151.00M | -128.00M |
| Financing Cash Flow | -685.16M | -474.50M | -323.00M | -308.00M | -289.00M | -580.00M |
Waertsilae Oyj Abp Technical Analysis
Negative
7.01
Price Trends
7.39
Negative
7.74
Negative
7.47
Negative
Market Momentum
-0.15
Negative
41.97
Neutral
50.64
Neutral
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 7.01 is above the 20-day moving average (MA) of 6.86, below the 50-day MA of 7.39, and below the 200-day MA of 7.47, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 50.64 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $12.86B | 24.58 | 20.27% | 1.46% | 4.58% | 12.51% | |
75 Outperform | $16.59B | 31.65 | 17.12% | 1.11% | 7.37% | 20.50% | |
75 Outperform | $16.99B | 33.06 | 12.91% | 1.29% | 7.32% | 12.36% | |
71 Outperform | $17.52B | 34.38 | 13.03% | 0.75% | 16.63% | -9.75% | |
70 Outperform | $19.96B | 25.96 | 25.16% | 3.28% | 5.57% | 26.01% | |
64 Neutral | $10.45B | 16.32 | 17.13% | 1.69% | -2.15% | 8.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
WRTBY
Waertsilae Oyj Abp
6.76
1.26
22.87%
GGG
Graco
82.50
0.25
0.31%
IEX
IDEX
236.98
79.60
50.58%
ITT
ITT
204.08
40.14
24.48%
NDSN
Nordson
310.67
102.28
49.08%
PNR
Pentair
69.02
-32.29
-31.87%
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.