Original-Research: Vossloh AG (von Quirin Privatbank Kapitalmarktgeschäft): BUY
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Original-Research: Vossloh AG - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to Vossloh AG
On Track for Profitable Growth Based on Vossloh AG's solid Q2 2025 results, high order backlog and confirmed full-year guidance, we maintain our Buy rating and TP of EUR 102, applied by our ROE/COE valuation approach. The company was able to increase its TTM sales by 4.8% yoy or 3.3% qoq. TTM order intake fell by 6.1% yoy or 10.0% qoq, the TTM book-to-bill ratio fell slightly below the important threshold of 1.0x, but management is confident of generating further orders in the coming months, so in our view the gap to 1.0x should be closed. The TTM net income margin rose by 18 basis points yoy, but fell by 43 basis points qoq. TTM net income amounted to EUR 57.7m, a gap to our FY 2025 net income forecast (QPe: EUR 70.2m) of EUR 12.5m, in the prior year period the gap to FY 2024 was EUR 10.3m, a stronger second half business should make our estimate realistic. Overall, Vossloh’s resilient order book, solid operating performance, and strategic growth initiatives position the company well for sustained profitable growth and enhanced shareholder value. You can download the research here: VOSSLOH_AG_20250725 For additional information visit our website: https://research.quirinprivatbank.de/ Contact for questions: Quirin Privatbank AG Institutionelles Research Schillerstraße 20 60313 Frankfurt am Main research@quirinprivatbank.de https://research.quirinprivatbank.de/
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2174866 25.07.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 916,40 | 869,70 | 942,80 | 1.046,10 | 1.214,30 | 1.209,60 | 1.310,00 | |
| EBITDA1,2 | 105,39 | 133,90 | 124,20 | 131,20 | 157,50 | 154,90 | 173,00 | |
| EBITDA-Margin3 | 11,50 | 15,40 | 13,17 | 12,54 | 12,97 | 12,81 | 13,21 | |
| EBIT1,4 | -37,60 | 73,10 | 72,30 | 78,10 | 98,50 | 99,70 | 117,00 | |
| EBIT-Margin5 | -4,10 | 8,41 | 7,67 | 7,47 | 8,11 | 8,24 | 8,93 | |
| Net Profit (Loss)1 | -136,80 | 20,80 | 35,90 | 56,00 | 55,30 | 76,50 | 75,00 | |
| Net-Margin6 | -14,93 | 2,39 | 3,81 | 5,35 | 4,55 | 6,32 | 5,73 | |
| Cashflow1,7 | 12,30 | 56,10 | 81,30 | 71,60 | 137,30 | 136,40 | 0,00 | |
| Earnings per share8 | -8,32 | 0,98 | 1,31 | 2,38 | 2,21 | 3,56 | 3,50 | |
| Dividend per share8 | 0,00 | 1,00 | 1,00 | 1,00 | 1,05 | 1,10 | 1,15 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Vossloh | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 766710 | DE0007667107 | AG | 1.342,78 Mio € | 13.06.1990 | Kaufen | 9F397Q65+5R |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 17,82 | 25,89 | 0,69 | 107,25 | 1,91 | 9,84 | 1,11 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 1,05 | 1,10 | 1,15 | 1,63% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 07.05.2025 | 24.04.2025 | 24.07.2025 | 30.10.2025 | 27.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -13,69% | -9,07% | +64,00% | +64,57% | +0,00% |
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