Projected Income Statement: Armstrong World Industries, Inc.

Forecast Balance Sheet: Armstrong World Industries, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 552 561 516 446 - 178 59.2 -138
Change - 1.63% -8.02% -13.57% - - -66.74% -333.11%
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 24/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Armstrong World Industries, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 79.8 74.8 83.8 82.8 - 106 113.3 120
Change - -6.27% 12.03% -1.19% - - 6.92% 5.88%
Free Cash Flow (FCF) 1 185.7 212.1 263 298 346 389.5 427.2 -
Change - 14.22% 24% 13.31% 16.11% 12.57% 9.7% -100%
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 24/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Armstrong World Industries, Inc.

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

Profitability

        
EBITDA Margin (%) 33.62% 31.22% 33.2% 33.62% 34.24% 34.68% 35.15% 35.28%
EBIT Margin (%) 24.85% 24.41% 26.25% 26.49% 26.84% 27.73% 28.54% 29.05%
EBT Margin (%) 21.93% 20.89% 23.03% 24.01% 24.7% 26.09% 26.92% 27.83%
Net margin (%) 16.56% 16.45% 17.28% 18.32% 19.05% 19.74% 20.3% 20.87%
FCF margin (%) 16.78% 17.2% 20.31% 20.61% 21.35% 22% 22.61% -
FCF / Net Income (%) 101.36% 104.53% 117.52% 112.5% 112.08% 111.43% 111.38% -

Profitability

        
ROA 12.19% 12.95% 14.17% 15.76% 17.15% 17.61% 17.52% -
ROE 37.75% 38.48% 42.24% 41.07% 38.97% 35.09% 32.16% 35.1%

Financial Health

        
Leverage (Debt/EBITDA) 1.48x 1.46x 1.2x 0.92x - 0.29x 0.09x -
Debt / Free cash flow 2.97x 2.64x 1.96x 1.5x - 0.46x 0.14x -

Capital Intensity

        
CAPEX / Current Assets (%) 7.21% 6.07% 6.47% 5.73% - 5.99% 6% 5.9%
CAPEX / EBITDA (%) 21.45% 19.43% 19.49% 17.04% - 17.26% 17.07% 16.73%
CAPEX / FCF (%) 42.97% 35.27% 31.86% 27.79% - 27.22% 26.53% -

Items per share

        
Cash flow per share 1 3.908 3.931 5.223 6.064 8.154 8.608 9.324 -
Change - 0.59% 32.87% 16.09% 34.47% 5.58% 8.31% -
Dividend per Share 1 0.861 0.947 1.042 1.148 - 1.344 1.429 1.527
Change - 9.99% 10.03% 10.17% - - 6.29% 6.87%
Book Value Per Share 1 10.99 11.74 13.21 17.21 20.66 25.4 30.31 31.9
Change - 6.86% 12.52% 30.26% 20.06% 22.93% 19.35% 5.25%
EPS 1 3.82 4.37 4.99 6.02 7.08 8.143 9.178 10.6
Change - 14.4% 14.19% 20.64% 17.61% 15.02% 12.71% 15.54%
Nbr of stocks (in thousands) 47,476 45,663 44,180 43,588 43,128 42,834 42,834 42,834
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 24/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 21.5x 19.1x
PBR 6.91x 5.79x
EV / Sales 4.35x 4.01x
Yield 0.77% 0.81%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
175.48USD
Average target price
207.10USD
Spread / Average Target
+18.02%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. AWI Stock
  4. Financials Armstrong World Industries, Inc.