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Andritz AG (ANDR) Fair Value & Analysis

Industrials · AT · Market cap €7.3B · ISIN AT0000730007

What is Andritz AG really worth?

AA Andritz AG ANDR · VI
Price€84.30
Fair Value€81.13
Upside−3.8%
Quality60/100

A solid business, currently priced close to our fair value of €81.13.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +3.3 %/yr)
!Thin margins · 5.8% net margin
!Mixed vs. peers (8/15)
!Moderate moat 50/100
!Weak on valuation: 28 out of 100
!Weak on future: 9 out of 100

For context

·3.20% dividend yield
Evidence: High Range €55.75 – €113.27

Fair value as of: Aug 30, 2026

From 23 valuation models · updated 6 days ago

Share price +2.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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.

Price vs Fair Value (5 years)

€84.30 €29.24 Fair Value €81.13 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range €29.24 – €84.30 · fair‑value band €55.75 – €113.27 · the €84.30 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 30, 2026.

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Analysis

Andritz AG (ANDR) currently trades at €84.30, while our model-based Fair Value estimate is €81.13, implying the stock looks roughly 3.9% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of €83.76 per share, and 7 of the 23 models we run sit above the €84.30 price. Bear case: the Asset-Based group reads lowest at €16.76, and 16 of the 23 models stay below the price. Evidence for this calculation is 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 30, 2026

Our scenario range runs from €55.75 (bear case) to €113.27 (bull case); at €84.30, 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 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −4%, ANDR screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €1.34 per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence €53.79 €75.79 €106.69 81
Growth DCF €54.80 €74.72 €101.26 79
Owner Earnings €58.47 €82.62 €116.52 77
All 23 models by family
DCF Models
FCF DCF best evidence €53.79 €75.79 €106.69 81
Owner Earnings €58.47 €82.62 €116.52 77
5Y Revenue Exit €55.73 €83.76 €118.74 72
5Y EBITDA Exit €68.99 €107.80 €151.94 75
5Y P/E Exit €64.06 €98.87 €134.24 71
10Y Revenue Exit €52.99 €77.69 €109.23 67
10Y EBITDA Exit €62.68 €93.74 €133.30 68
10Y P/E Exit €59.65 €87.77 €120.47 64
Earnings-Based
Graham-Dodd €31.66 €83.77 €109.45 65
PEG = 1.0 €16.13 €23.05 €29.96 57
EPV €47.11 €53.67 €59.33 74
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 66
EV/EBITDA €87.82 €115.23 €142.64 67
EV/Revenue €60.00 €83.31 €106.63 54
Asset-Based
NCAV (Graham) €12.51 €16.76 €25.02 54
Growth DCF
Growth DCF €54.80 €74.72 €101.26 79
Rev-Margin DCF €55.73 €84.05 €115.25 73
Economic Profit
Residual Income €29.29 €38.60 €128.30 64
ROIC Compounder €49.22 €58.99 €69.56 72
Growth Earnings
Growth-Adj P/E €57.50 €82.14 €106.78 67

Widest divergence: DCF Models (€83.76) versus Asset-Based (€16.76). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 18.1
P/S ratio 1.04 P/E × margin
EPS (TTM) €4.67 price ÷ EPS = P/E 18.1
Dividend yield 3.2% payout 57.8%
Net margin 5.8% FY2025
Return on equity 20.7% TTM
More key figures
Profitability
Return on assets (EBIT) 6.9% avg 5y
Operating margin 7.2% TTM
Growth
Revenue (TTM) €7.9B TTM
Revenue growth (YoY) +1.7% 3y avg +1.5%
EPS growth (YoY) +2.2%
Balance sheet & cash flow
Free cash flow €455M FY2025
Net debt €49.7M FY2021 · ≈ 0.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 71

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 70
Price trend over the last 3–12 months (market factor)
52W Momentum 92
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+20.6% (17.4 + 3.2)
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 · 792 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 −4% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 3.2% · Top 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 18.1× · Cheaper than 75% of peers
P/B 3.45× · Pricier than median
P/S (TTM) 1.07× · Cheaper than median
P/FCF 18.6× · Pricier than 75% of peers
EV/EBITDA 10.5× · Cheaper than median
PEG 5.28× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE28 · sector 0
FUTURE9 · sector 21
PAST83 · sector 28
HEALTH93 · sector 96
DIVIDEND64 · sector 27

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

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GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
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Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Andritz AG (ANDR) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of €81.13 versus a price of €84.30, about −4% upside (fairly valued).
What is the fair value of ANDR?
Our model-based fair value for Andritz AG is €81.13 (as of Aug 30, 2026), built from audited fundamentals. The current price: €84.30.
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 30, 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 3.20% relative to its recent price (as of Aug 30, 2026).
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