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Wärtsilä Oyj (WRT1V) Fair Value & Analysis

Industrials · FI · Market cap €17.5B

WO Wärtsilä Oyj WRT1V · HE
Price€29.28
Fair Value€22.30
Upside-23.8%
Quality63/100
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Healthy Growth
Thin margins · 9.4% net margin
Low debt · generates free cash flow
1.79% dividend yield
Mixed vs. peers (8/15)
Moderate moat 60/100
Evidence: High Range €16.72 – €27.87 Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 21 days ago

Share price −3.9% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€27.87). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€39.63 €6.06 Fair Value €22.30 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €6.06 – €39.63 · fair‑value band €16.72 – €27.87 · the €29.28 price screens above the €22.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Wärtsilä Oyj (WRT1V) currently trades at €29.28, while our model-based Fair Value estimate is €22.30, implying the stock looks roughly 23.8% overvalued today. We read business quality at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Wärtsilä Oyj generated revenue of €6.9B at a net margin of 9.4%. Revenue declined 0.3% year over year. It earns a return on equity of 27.3%. The balance sheet holds a net cash position of €1.8B. Fundamentals as of Jul 17, 2026

Our scenario range runs from €16.72 (bear case) to €27.87 (bull case); at €29.28, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 71% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -24%, WRT1V screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €30.91 €41.92 €57.01 80
Residual Income €6.82 €8.83 €33.74 76
Rev-Margin DCF €21.01 €28.26 €36.20 74
All 25 models by family
DCF Models
FCF DCF €30.16 €42.05 €59.10 38
Owner Earnings €16.34 €21.98 €30.07 31
5Y Revenue Exit €21.01 €27.86 €36.10 39
5Y EBITDA Exit €22.97 €31.34 €40.57 41
5Y P/E Exit €22.28 €30.12 €37.86 38
10Y Revenue Exit €23.82 €30.60 €38.71 36
10Y EBITDA Exit €25.41 €32.96 €41.97 37
10Y P/E Exit €24.99 €32.13 €39.99 35
Earnings-Based
Graham-Dodd €7.22 €17.36 €22.41 54
PEG = 1.0 €3.05 €4.36 €5.67 46
EPV €14.00 €15.69 €17.17 59
Dividend Discount
Gordon GGM €4.03 €7.16 €11.13 70
DDM Multi-Stage €4.03 €6.02 €8.20 61
Multiples
P/E Multiple €15.93 €21.24 €26.55 63
P/S Multiple €13.54 €18.05 €22.56 58
P/B Multiple €10.98 €14.64 €18.30 55
EV/EBIT €22.77 €29.08 €35.38 53
EV/EBITDA €21.01 €26.73 €32.44 54
EV/Revenue €16.61 €22.07 €27.54 43
Asset-Based
NCAV (Graham) €2.44 €3.27 €4.88 50
Growth DCF
Growth DCF €30.91 €41.92 €57.01 80
Rev-Margin DCF €21.01 €28.26 €36.20 74
Economic Profit
Residual Income €6.82 €8.83 €33.74 76
ROIC Compounder €14.17 €16.08 €17.88 72
Growth Earnings
Growth-Adj P/E €12.18 €17.40 €22.62 68

Widest divergence: DCF Models (€30.60) versus Asset-Based (€3.27). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €6.9B
Revenue growth (YoY) -0.3%
Net margin 9.4%
Return on equity 27.3%
Free cash flow €1.4B FY2025
P/E ratio 31.7
More key figures
Operating margin 11.6%
EPS (TTM) €1.10
Dividend yield 1.5%
EPS growth (YoY) +18.1%
Net cash €1.8B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 71 · Market factors (momentum, volatility) 44

Profitability 52
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers energy storage; engine and hybrid power plants; and data centre power solutions, as well as lifecycle solutions, lifecycle upgrades, spare parts and field services, and decarbonisation solutions.

Full company description

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers energy storage; engine and hybrid power plants; and data centre power solutions, as well as lifecycle solutions, lifecycle upgrades, spare parts and field services, and decarbonisation solutions. It also provides engine power plant products, such as gas, multi-fuel, and diesel engines; Quantum BESS portfolio, a battery energy storage system (BESS) solutions; GEMS Digital Energy Platform, a software platform that monitors, controls, and optimizes energy assets on site and portfolio levels. In addition, the company offers power and propulsion products, such as electric shipping and hybrid ships, engine and generating sets, propulsors and gears, and shaft line solutions; liquid and gas handling products, including ballast water management, freshwater generation, waste and wastewater treatment, gas solutions, and exhaust treatment equipment; port and fleet optimization; simulation and training solutions; and marine navigation solutions. Further, it provides spare parts, technical support, maintenance and repair, lifecycle upgrades, lifecycle agreements, training, and cyber services; and decarbonization solutions for existing fleets and newbuild vessels. The company was founded in 1834 and is headquartered in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wärtsilä Oyj reported revenue of €6.9B in FY2025 versus €4.8B in FY2021, a compound +9.7%/yr. Reported net income was €626M in FY2025, compounding +34.0%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€6.9B
Latest YoY
+7.2%
Avg. growth/yr (3Y)
+5.8%
Avg. growth/yr (5Y)
+8.5%
Avg. growth/yr (25Y)
+3.8%
Revenue +9.7%/yr
FY21 €4.8B
FY22 €5.8B
FY23 €6.0B
FY24 €6.4B
FY25 €6.9B
Net income +34.0%/yr
FY21 €194M
FY22 −€64.0M
FY23 €258M
FY24 €503M
FY25 €626M

WRT1V screens 24% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Wärtsilä Oyj Fair Value". https://www.fairvalue-calculator.com/stock/WRT1V

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Industrial Machinery · 807 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −24% · Above median
Return on equity (TTM) 27% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth -0% · Below median
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 27.0× · Cheaper than median
P/B 7.02× · Pricier than 75% of peers
P/S (TTM) 2.92× · Pricier than median
P/FCF 13.9× · Pricier than median
EV/EBITDA 20.2× · Pricier than median
PEG 4.20× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 2 · sector 0
FUTURE 0 · sector 23
PAST 100 · sector 28
HEALTH 95 · sector 96
DIVIDEND 36 · sector 24

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €967.60 €212.97 -78%
1SIE 1SIE €284.30 €122.46 -57%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Wärtsilä Oyj (WRT1V) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €22.30 versus a price of €29.28, about −24% (overvalued).
What is the fair value of WRT1V?
Our model-based fair value for Wärtsilä Oyj is €22.30 (as of Jul 17, 2026), built from audited fundamentals. The current price is €29.28.
What is the quality score of WRT1V?
Wärtsilä Oyj has a Quality Score of 63/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Wärtsilä Oyj (WRT1V)?
Wärtsilä Oyj reported trailing-twelve-month revenue of about €6.9B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of WRT1V?
The net profit margin of Wärtsilä Oyj is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. Based on the latest reported figures.
Does Wärtsilä Oyj pay a dividend?
Wärtsilä Oyj currently shows a dividend yield of about 1.52% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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