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Intrinsic value of Westinghouse Air Brake Technologies Corporation (WAB)

Previous Close$86.96
Intrinsic Value
Upside potential
Previous Close
$86.96
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Cash & ST Investments
Total debt
Market cap, m$
16,157

Based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %3.5NaN
Revenue, $7822NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m6946NaN
Operating income, $m876NaN
EBITDA, $m1367NaN
Interest expense (income), $mNaN
Earnings before tax, $m728NaN
Tax expense, $m172NaN
Net income, $m556NaN

BALANCE SHEET

Cash and short-term investments, $m473NaN
Total assets, $m18454NaN
Adjusted assets (=assets-cash), $m17981NaN
Average production assets, $m13873NaN
Working capital, $m922NaN
Total debt, $m4376NaN
Total liabilities, $m8253NaN
Total equity, $m10201NaN
Debt-to-equity ratio0.429NaN
Adjusted equity ratio0.544NaN

CASH FLOW

Net income, $m556NaN
Depreciation, amort., depletion, $m491NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1073NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-105NaN
Free cash flow, $m1178NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m922
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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