Waertsilae Oyj Abp (WRTBY)
OTHER OTC:WRTBY
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Waertsilae Oyj Abp
(OTC:WRTBY)
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Rating:76Outperform
Price Target:
$8.00
â–²(16.11% Upside)
Action:ReiteratedDate:02/06/26
The score is driven primarily by strengthening financial performance—especially strong cash generation, improved profitability, and a more conservative balance sheet—supported by constructive price trends and moderate momentum. The main offset is valuation (high P/E with a modest dividend yield), while the earnings call adds confidence via record results and backlog strength but flags meaningful Energy Storage weakness and uncertainty-related visibility risks.
Positive Factors
Strong cash generation and FCF conversion
Sustained high operating cash flow and free cash flow near parity with net income indicate durable earnings quality and internal funding of capex, capacity and dividends. This strengthens financial flexibility, lowers refinancing risk, and supports reinvestment into growth and decarbonization projects over the next 2–6 months.
Negative Factors
Severe Energy Storage order weakness
A sharp, structural pullback in Energy Storage orders and backlog reduces near-term revenue visibility and depresses segment profitability. Given storage's role in decarbonization, prolonged weakness or external policy/tariff headwinds could limit growth and require further investment or margin support from other divisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and FCF conversion
Sustained high operating cash flow and free cash flow near parity with net income indicate durable earnings quality and internal funding of capex, capacity and dividends. This strengthens financial flexibility, lowers refinancing risk, and supports reinvestment into growth and decarbonization projects over the next 2–6 months.
Read all positive factors
Waertsilae Oyj Abp (WRTBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.61B
Dividend Yield0.87%
Average Volume (3M)2.81K
Price to Earnings (P/E)31.0
Beta (1Y)1.07
Revenue Growth10.53%
EPS Growth39.90%
CountryUS
Employees18,490
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.07
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 Cap0.78
Enterprise Value/Revenue2.78
Enterprise Value/Gross Profit18.26
Enterprise Value/Ebitda18.82
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 provides technologies and lifecycle solutions for the marine and energy markets worldwide. The company's marine power portfolio includes engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine sys...
How the Company Makes Money
Wärtsilä makes money primarily by selling equipment and complete systems to customers in two main markets—marine and energy—and by providing long-term services that support those installations over their operating lives. Key revenue streams incl...
Waertsilae Oyj Abp Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 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
74
Positive
Balance Sheet
78
Positive
Cash Flow
85
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.64B | 6.45B | 6.02B | 5.84B | 4.78B |
| Gross Profit | 1.37B | 2.98B | 2.60B | 2.17B | 2.09B |
| EBITDA | 1.02B | 749.00M | 484.00M | 181.00M | 459.00M |
| Net Income | 601.29M | 503.00M | 258.00M | -64.00M | 194.00M |
Balance Sheet | |||||
| Total Assets | 8.47B | 7.69B | 6.80B | 6.61B | 6.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.59B | 1.55B | 819.00M | 461.00M | 964.00M |
| Total Debt | 769.67M | 766.00M | 859.00M | 949.00M | 972.00M |
| Total Liabilities | 5.59B | 5.16B | 4.57B | 4.46B | 4.20B |
| Stockholders Equity | 2.88B | 2.52B | 2.23B | 2.13B | 2.31B |
Cash Flow | |||||
| Free Cash Flow | 1.39B | 1.04B | 674.00M | -218.00M | 589.00M |
| Operating Cash Flow | 1.53B | 1.21B | 822.00M | -62.00M | 731.00M |
| Investing Cash Flow | -48.99M | -149.00M | -138.00M | -151.00M | -128.00M |
| Financing Cash Flow | -474.50M | -323.00M | -308.00M | -289.00M | -580.00M |
Waertsilae Oyj Abp Technical Analysis
Positive
6.89
Price Trends
7.94
Positive
7.51
Positive
6.60
Positive
Market Momentum
0.13
Negative
62.30
Neutral
97.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRTBY, the sentiment is Positive. The current price of 6.89 is below the 20-day moving average (MA) of 7.68, below the 50-day MA of 7.94, and above the 200-day MA of 6.60, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 62.30 is Neutral, neither overbought nor oversold. The STOCH value of 97.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $14.62B | 26.59 | 20.38% | 1.32% | 2.85% | 3.09% | |
78 Outperform | $18.95B | 28.23 | 16.15% | 0.79% | 8.01% | 2.67% | |
77 Outperform | $15.22B | 25.94 | 12.11% | 1.56% | 7.09% | -2.29% | |
76 Outperform | $24.61B | 30.96 | 23.92% | 0.87% | 10.53% | 39.90% | |
74 Outperform | $15.51B | 28.71 | 17.30% | 1.64% | 3.78% | 4.85% | |
68 Neutral | $14.74B | 26.14 | 17.48% | 0.96% | 0.83% | -1.32% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
WRTBY
Waertsilae Oyj Abp
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138.04%
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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.