Projected Income Statement: Westinghouse Air Brake Technologies Corporation

Forecast Balance Sheet: Westinghouse Air Brake Technologies Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,583 3,210 2,668 2,765 3,502 5,980 5,129 4,719
Change - -10.41% -16.88% 3.64% 26.65% 70.76% -14.23% -7.99%
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 11/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Westinghouse Air Brake Technologies Corporation

Fiscal Period: December 2021 2022 2023 2024 2026 2027 2028
CAPEX 1 130 149 186 207 248.9 267.3 287
Change - 14.62% 24.83% 11.29% - 7.4% 7.35%
Free Cash Flow (FCF) 1 943 889 1,015 1,627 1,640 1,946 2,180
Change - -5.73% 14.17% 60.3% - 18.68% 12.02%
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Westinghouse Air Brake Technologies Corporation

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

Profitability

        
EBITDA Margin (%) 18.88% 18.68% 19.03% 20.68% 22.07% 23.65% 24.48% 25.03%
EBIT Margin (%) 15.87% 16.19% 16.98% 18.94% 20.3% 21.41% 22.18% 22.65%
EBT Margin (%) 9.42% 10.21% 11.28% 13.57% 14.26% 15.91% 18.89% 19.73%
Net margin (%) 7.13% 7.57% 8.42% 10.17% 10.48% 13.13% 14.09% 14.54%
FCF margin (%) 12.06% 10.63% 10.49% 15.66% - 13.24% 14.69% 15.53%
FCF / Net Income (%) 169% 140.44% 124.54% 154.07% - 100.83% 104.22% 106.82%

Profitability

        
ROA 3.02% 4.81% 5.68% 7.03% 7.54% 8.4% 9.2% 10.32%
ROE 7.9% 8.77% 10.36% 12.87% 14.48% 15.89% 17.58% 18.33%

Financial Health

        
Leverage (Debt/EBITDA) 2.43x 2.06x 1.45x 1.29x 1.42x 2.04x 1.58x 1.34x
Debt / Free cash flow 3.8x 3.61x 2.63x 1.7x - 3.65x 2.64x 2.16x

Capital Intensity

        
CAPEX / Current Assets (%) 1.66% 1.78% 1.92% 1.99% - 2.01% 2.02% 2.04%
CAPEX / EBITDA (%) 8.8% 9.54% 10.1% 9.64% - 8.5% 8.24% 8.17%
CAPEX / FCF (%) 13.79% 16.76% 18.33% 12.72% - 15.18% 13.74% 13.16%

Items per share

        
Cash flow per share 1 5.704 5.678 6.691 10.49 10.28 10.04 12.86 -
Change - -0.46% 17.83% 56.81% -2.02% -2.33% 28.09% -
Dividend per Share 1 0.48 0.6 0.68 0.8 - 1.242 1.335 1.287
Change - 25% 13.33% 17.65% - - 7.48% -3.6%
Book Value Per Share 1 54.35 55.44 58.65 57.73 65.12 67.45 68.94 71.11
Change - 2.02% 5.79% -1.57% 12.8% 3.59% 2.2% 3.14%
EPS 1 2.96 3.46 4.53 6.04 6.83 9.417 11.01 12.55
Change - 16.89% 30.92% 33.33% 13.08% 37.87% 16.96% 13.92%
Nbr of stocks (in thousands) 186,821 181,868 179,159 171,890 170,957 169,677 169,677 169,677
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 11/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 28x 24x
PBR 3.91x 3.83x
EV / Sales 4.1x 3.77x
Yield 0.47% 0.51%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
263.90USD
Average target price
300.00USD
Spread / Average Target
+13.68%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. WAB Stock
  4. Financials Westinghouse Air Brake Technologies Corporation