Rankings Machinery & automation Metso
Metso
80
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−8
- FCF yield−3
- Macro and the mining industry−3
Strengths
- Order book+2
- Recurring revenue+2
How the score is built
From 100 to 80, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 17.07 EUR
- Median analyst target
- 19.00 EUR
- Upside to median
- +11.3%
- Analysts
- 20
- Target range
- 14.00 – 21.50 EUR
- 52-week change
- +21%
- P/E (trailing)
- 29.5
- Forward P/E
- 20.3
- PEG
- 1.41
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−8 of −30
- −2MarginReported operating margin 13.7% (TTM) vs 15.2–15.7% in 2023–2024; adjusted EBITA margin 16.6% in Q2. The new target is only 'over 18%' in 2028, and Jefferies called the target 'slightly disappointing' (the stock fell 3.5%).
- −2ROICROIC has fallen from 18.4% (2023) to 16.3% (2024), 14.7% (2025) and 14.5% (TTM) – solid, but declining.
- −2Quality of growthSales rose only 6% in Q2 (5% at constant exchange rates), and revenue has only gone from EUR 4.97bn to 5.36bn since 2022. Aggregates sales have fallen from EUR 1.45bn to 1.28bn since 2022, and Aggregates orders rose only 1% in Q2.
- −2Cash flowVolatile conversion of profit into cash: FCF was only EUR 34m, 144m and 132m in 2022–2024 vs net income of 301–543m; operating cash flow has fallen from 779 (2025) to EUR 627m (TTM).
Price
Today's multiples against the company's own history and its peers. · 2 findings−11 of −35
- −8Multiples vs own historyForward P/E 22.5 vs 12.6–21.7 in 2021–2025; EV/EBITDA 17.0 vs 9.0–15.8; P/B 5.5 vs 2.9–4.6. All three are above the top of the historical range after +47% in a year.
- −3FCF yieldFCF yield 3.2% (TTM); analysts expect FCF of EUR 492m in 2026, corresponding to about 3.5% of the market cap of EUR 14.2bn.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−5 of −35
- −3Macro and the mining industryMinerals account for EUR 4.1 of 5.4bn in revenue (76%), and order intake (Minerals +24% in Q2) follows miners' investments and metal prices; the order boom could turn if copper and gold prices fall.
- −1DebtNet debt has risen to EUR 1.23bn; net debt/EBITDA 1.41 vs 0.84–1.11 in 2021–2022. Still below the target of 1.5, but the trend is going the wrong way.
- −1Insider ownershipInsiders own only 0.08% of the shares – very low alignment of interests between management and shareholders.
Plus
Only documented strengths. · 2 findings+4 of +15
- +2Order bookOrder intake EUR 1,462m in Q2 (+18%, organic +16%) and order book of EUR 3.7bn (+13%); adjusted EBITA +21% to EUR 221m.
- +2Recurring revenueThe aftermarket (spare parts and service) now makes up 57% of sales vs 54% a year earlier – a more stable and higher-margin revenue.
Caveats
What the score does not capture, or where the data is weak.
Adjusted EBITA (16.6% in Q2) is clearly above the reported operating margin (13.7% TTM) due to amortization of acquisitions and one-off items. Q3 report and ex-dividend date 22/10. Tariff impact and specific peer multiples (Epiroc, Sandvik, FLSmidth) have not been examined in this analysis.
Also in Machinery & automation
The highest scores in the same industry.
