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Andritz AG (ANDR) Fair Value & Analysis

Industrials · AT · Market cap €7.3B

AA Andritz AG ANDR · VI
Price€81.20
Fair Value€81.13
Upside-0.1%
Quality60/100
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Mixed Growth
Thin margins · 5.8% net margin
Low debt · generates free cash flow
3.68% dividend yield
Ranks above peers (9/15)
Moderate moat 50/100
Evidence: High Range €55.75 – €113.27 Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €83.26 to €81.13 (−2.6%) since Jul 17, 2026. Share price +10.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€55.75 to €113.27) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€83.90 €29.24 Fair Value €81.13 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €29.24 – €83.90 · fair‑value band €55.75 – €113.27 · the €81.20 price screens above the €81.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Andritz AG (ANDR) currently trades at €81.20, while our model-based Fair Value estimate is €81.13, implying the stock looks roughly 0.1% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Andritz AG generated revenue of €7.9B at a net margin of 5.8%. Revenue grew 1.7% year over year. It earns a return on equity of 20.7%. Net debt stands at €49.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €55.75 (bear case) to €113.27 (bull case); at €81.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 0%, ANDR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €54.80 €74.72 €101.26 80
Residual Income €29.29 €38.60 €128.30 76
Rev-Margin DCF €55.73 €84.05 €115.25 74
All 23 models by family
DCF Models
FCF DCF €53.79 €75.79 €106.69 38
Owner Earnings €58.47 €82.62 €116.52 31
5Y Revenue Exit €55.73 €83.76 €118.74 39
5Y EBITDA Exit €68.99 €107.80 €151.94 41
5Y P/E Exit €64.06 €98.87 €134.24 38
10Y Revenue Exit €52.99 €77.69 €109.23 36
10Y EBITDA Exit €62.68 €93.74 €133.30 37
10Y P/E Exit €59.65 €87.77 €120.47 35
Earnings-Based
Graham-Dodd €31.66 €83.77 €109.45 54
PEG = 1.0 €16.13 €23.05 €29.96 46
EPV €47.11 €53.67 €59.33 59
Multiples
P/E Multiple €73.33 €97.78 €122.22 63
P/S Multiple €59.37 €79.16 €98.94 58
P/B Multiple €59.37 €79.16 €98.94 55
EV/EBIT €81.82 €107.23 €132.64 53
EV/EBITDA €87.82 €115.23 €142.64 54
EV/Revenue €60.00 €83.31 €106.63 43
Asset-Based
NCAV (Graham) €12.51 €16.76 €25.02 50
Growth DCF
Growth DCF €54.80 €74.72 €101.26 80
Rev-Margin DCF €55.73 €84.05 €115.25 74
Economic Profit
Residual Income €29.29 €38.60 €128.30 76
ROIC Compounder €49.22 €58.99 €69.56 72
Growth Earnings
Growth-Adj P/E €57.50 €82.14 €106.78 68

Widest divergence: DCF Models (€83.76) versus Asset-Based (€16.76). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €7.9B
Revenue growth (YoY) +1.7%
Net margin 5.8%
Return on equity 20.7%
Free cash flow €455M FY2025
P/E ratio 17.4
More key figures
Operating margin 7.2%
EPS (TTM) €4.67
Dividend yield 3.7%
EPS growth (YoY) +2.2%
Net debt €49.7M FY2021

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 65

Profitability 59
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Andritz AG engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydropower, and Environment & Energy.

Full company description

Andritz AG engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydropower, and Environment & Energy. The Pulp & Paper segment provides technology, automation, and service solutions to produce pulp, paper, board, and tissue; boilers for power generation; nonwovens technologies; panelboard production systems; and recycling, shredding, and energy solutions for various waste materials. Its Metals segment provides technologies, plants, and digital solutions, including automation and software solutions, and process know-how and services; and solutions for the production and processing of flat products for welding systems and furnaces, as well as services for the metals processing industry. The Hydro segment supplies electromechanical equipment, solutions, and services for hydropower stations; services and digital solutions for the operation and maintenance of hydropower plants; and turbo generators for the thermal industry. The Environment & Energy segment provides technologies to produce green hydrogen and renewable fuels, carbon capture and emission reduction, mechanical and thermal solid/liquid separation, grinding, pelletizing, and pumping fluids. It also serves agriculture, aluminum, architecture, automotive and e-mobility, carbon steel, chemicals, desalination, environment, feed, food and beverages, glass, kraft pulp, lime and cement, marine/offshore, mining and minerals, non-ferrous metals, non-woven and textile, oil and gas, panelboard, paper and packaging, pharmaceutical, power generation, recycling, solid biofuels, stainless steel, sugar, thermal power, tissue, and waste industries. The company was founded in 1852 and is headquartered in Graz, Austria.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Andritz AG reported revenue of €7.9B in FY2025 versus €6.5B in FY2021, a compound +5.1%/yr. Reported net income was €456M in FY2025, compounding +8.8%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€7.9B
Latest YoY
−5.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.3%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.9%
Revenue +5.1%/yr
FY21 €6.5B
FY22 €7.5B
FY23 €8.7B
FY24 €8.3B
FY25 €7.9B
Net income +8.8%/yr
FY21 €326M
FY22 €410M
FY23 €510M
FY24 €497M
FY25 €456M

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Cite: Fair Value Calculator (2026). "Andritz AG Fair Value". https://www.fairvalue-calculator.com/stock/ANDR

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Industrial Machinery · 807 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside −1% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than 75% of peers
P/B 3.43× · Pricier than median
P/S (TTM) 1.06× · Cheaper than median
P/FCF 18.5× · Pricier than 75% of peers
EV/EBITDA 10.4× · Cheaper than median
PEG 5.28× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 0
FUTURE 9 · sector 23
PAST 83 · sector 28
HEALTH 93 · sector 96
DIVIDEND 74 · sector 24

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Andritz AG (ANDR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €81.13 versus a price of €81.20, about −0% (fairly valued).
What is the fair value of ANDR?
Our model-based fair value for Andritz AG is €81.13 (as of Aug 13, 2026), built from audited fundamentals. The current price is €81.20.
What is the quality score of ANDR?
Andritz AG has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Andritz AG (ANDR)?
Andritz AG reported trailing-twelve-month revenue of about €7.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ANDR?
The net profit margin of Andritz AG is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Andritz AG pay a dividend?
Andritz AG currently shows a dividend yield of about 3.44% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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