Projected Income Statement: ABB Ltd

Forecast Balance Sheet: ABB Ltd

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -98 2,779 1,991 1,285 1,683 -3,779 -5,910 -8,756
Change - 2,935.71% -28.36% -35.46% 30.97% -324.54% -56.39% -48.16%
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: ABB Ltd

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 820 762 770 845 1,001 927.5 965.4 994.6
Change - -7.07% 1.05% 9.74% 18.46% -7.35% 4.09% 3.03%
Free Cash Flow (FCF) 1 2,510 525 3,520 3,830 4,566 4,658 5,479 6,231
Change - -79.08% 570.48% 8.81% 19.22% 2.02% 17.62% 13.72%
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: ABB Ltd

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 22.84% 14.1% 17.53% 17.88% 20.65% 21.82% 22.04% 22.29%
EBIT Margin (%) 19.75% 11.33% 15.11% 15.44% 18.2% 19.38% 19.59% 20.03%
EBT Margin (%) 19.99% 11.53% 14.82% 15.93% 18.72% 19.5% 20.05% 20.42%
Net margin (%) 15.71% 8.41% 11.62% 11.98% 14.25% 18.35% 14.93% 15.44%
FCF margin (%) 8.67% 1.78% 10.92% 11.66% 13.74% 12.44% 13.51% 14.24%
FCF / Net Income (%) 55.21% 21.21% 93.99% 97.33% 96.45% 67.82% 90.5% 92.25%

Profitability

        
ROA 11.18% 6.23% 9.35% 9.68% 11.12% 15.33% 11.67% 11.86%
ROE 29.08% 23.25% 28.6% 33.07% 31.04% 34.64% 28.77% 27.49%

Financial Health

        
Leverage (Debt/EBITDA) - 0.67x 0.35x 0.22x 0.25x - - -
Debt / Free cash flow - 5.29x 0.57x 0.34x 0.37x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.83% 2.59% 2.39% 2.57% 3.01% 2.48% 2.38% 2.27%
CAPEX / EBITDA (%) 12.4% 18.36% 13.63% 14.39% 14.59% 11.35% 10.8% 10.2%
CAPEX / FCF (%) 32.67% 145.14% 21.88% 22.06% 21.92% 19.91% 17.62% 15.96%

Items per share

        
Cash flow per share 1 1.649 0.674 2.298 2.526 2.987 3.183 3.76 4.234
Change - -59.13% 240.92% 9.92% 18.26% 6.56% 18.12% 12.61%
Dividend per Share 1 0.8934 0.9225 1.013 0.9916 1.224 1.214 1.272 1.413
Change - 3.27% 9.85% -2.15% 23.48% -0.87% 4.76% 11.16%
Book Value Per Share 1 7.957 6.851 7.28 7.827 8.849 10.87 12.47 14.12
Change - -13.9% 6.26% 7.51% 13.05% 22.88% 14.72% 13.2%
EPS 1 2.25 1.3 2.01 2.13 2.59 3.66 3.31 3.679
Change - -42.22% 54.62% 5.97% 21.6% 41.32% -9.56% 11.13%
Nbr of stocks (in thousands) 1,992,148 1,866,376 1,842,990 1,838,306 1,818,000 1,813,810 1,813,810 1,813,810
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 29.4x 32.5x
PBR 9.89x 8.62x
EV / Sales 5.11x 4.66x
Yield 1.13% 1.18%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
27
Last Close Price
107.52USD
Average target price
89.13USD
Spread / Average Target
-17.10%

Quarterly revenue - Rate of surprise