(FLS) FLSmidth & Co. - CO
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: CO (Denmark) | Market Cap: 27.823m DKK | Total Return: 78.4% in 12m
Avg Turnover: 67.5M
EPS Trend: -28.9%
Qual. Beats: 0
Rev. Trend: -97.1%
Qual. Beats: -1
Warnings
Choppy
Tailwinds
No distinct edge detected
FLSmidth & Co. A/S is a Denmark-based industrial provider specializing in flowsheet technology and equipment for the global mining industry. The company operates through three primary segments: Service, Products, and Pumps, Cyclones & Valves (PC&V). Its portfolio encompasses the entire mineral processing cycle, including crushing, grinding, flotation, and filtration, supported by a global network of service centers and digital automation solutions.
The business model increasingly emphasizes high-margin aftermarket services and consumables, which provide recurring revenue streams to offset the cyclical nature of capital equipment sales in the mining sector. As the industry shifts toward lower-grade ore bodies, demand for the company’s specialized separation and grinding technologies typically increases due to the higher volume of material required to be processed per unit of output.
Founded in 1882 and headquartered in Copenhagen, the firm maintains a significant operational footprint across North and South America, Australia, Europe, and Asia. Its technical offerings include specialized machinery such as SAG mills, gyratory crushers, and automated laboratory equipment designed for metallurgical testing and process optimization.
- Mining service segment margins expand through high-value lifecycle solutions
- Copper and gold demand drives flowsheet technology orders
- Pure-play mining strategy execution improves return on invested capital
- Global commodity price volatility impacts greenfield mining capital expenditure
| Net Income: 638.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.94 > 1.0 |
| NWC/Revenue: 14.66% < 20% (prev 9.30%; Δ 5.35% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.11b > Net Income 638.0m |
| Net Debt (2.19b) to EBITDA (2.97b): 0.74 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.7m) vs 12m ago -3.80% < -2% |
| Gross Margin: 32.31% > 18% (prev 32.97%; Δ -0.67% > 0.5%) |
| Asset Turnover: 58.07% > 50% (prev 76.11%; Δ -18.04% > 0%) |
| Interest Coverage Ratio: 2.02 > 6 (EBIT TTM 2.42b / Interest Expense TTM 1.20b) |
| A: 0.09 (Total Current Assets 10.8b - Total Current Liabilities 8.69b) / Total Assets 22.5b |
| B: 0.46 (Retained Earnings 10.4b / Total Assets 22.5b) |
| C: 0.10 (EBIT TTM 2.42b / Avg Total Assets 24.4b) |
| D: 0.82 (Book Value of Equity 10.1b / Total Liabilities 12.4b) |
| Altman-Z'' = 3.64 = AA |
| DSRI: 1.77 (Receivables 6.08b/4.86b, Revenue 14.2b/20.1b) |
| GMI: 1.02 (GM 32.97% / 32.31%) |
| AQI: 1.00 (AQ_t 0.41 / AQ_t-1 0.41) |
| SGI: 0.71 (Revenue 14.2b / 20.1b) |
| TATA: -0.02 (NI 638.0m - CFO 1.11b) / TA 22.5b) |
| Beneish M = -2.59 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at DKK 511.00 with a total of 183,664 shares traded.
Over the past week, the price has changed by +4.61%,
over one month by +23.92%,
over three months by +10.25% and
over the past year by +78.44%.
FLSmidth & Co. has no consensus analysts rating.
P/E Trailing = 20.7028
P/E Forward = 19.5313
P/S = 1.9617
P/B = 2.7534
P/EG = 2.2886
Revenue TTM = 14.2b DKK
EBIT TTM = 2.42b DKK
EBITDA TTM = 2.97b DKK
Long Term Debt = 2.02b DKK (from longTermDebt, last quarter)
Short Term Debt = 219.0m DKK (from shortTermDebt, last quarter)
Debt = 2.74b DKK (from shortLongTermDebtTotal, last quarter) + Leases 297.0m
Net Debt = 2.19b DKK (calculated: Debt 2.74b - CCE 554.0m)
Enterprise Value = 30.0b DKK (27.8b + Debt 2.74b - CCE 554.0m)
Interest Coverage Ratio = 2.02 (Ebit TTM 2.42b / Interest Expense TTM 1.20b)
EV/FCF = 45.96x (Enterprise Value 30.0b / FCF TTM 653.0m)
FCF Yield = 2.18% (FCF TTM 653.0m / Enterprise Value 30.0b)
FCF Margin = 4.60% (FCF TTM 653.0m / Revenue TTM 14.2b)
Net Margin = 4.50% (Net Income TTM 638.0m / Revenue TTM 14.2b)
Gross Margin = 32.31% ((Revenue TTM 14.2b - Cost of Revenue TTM 9.60b) / Revenue TTM)
Gross Margin QoQ = 32.30% (prev 30.03%)
Tobins Q-Ratio = 1.34 (Enterprise Value 30.0b / Total Assets 22.5b)
Interest Expense / Debt = 43.66% (Interest Expense 1.20b / Debt 2.74b)
Taxrate = 47.25% (1.24b / 2.63b)
NOPAT = 1.28b (EBIT 2.42b * (1 - 47.25%))
Current Ratio = 1.24 (Total Current Assets 10.8b / Total Current Liabilities 8.69b)
Debt / Equity = 0.27 (Debt 2.74b / totalStockholderEquity, last quarter 10.1b)
Debt / EBITDA = 0.74 (Net Debt 2.19b / EBITDA 2.97b)
Debt / FCF = 3.35 (Net Debt 2.19b / FCF TTM 653.0m)
Total Stockholder Equity = 10.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.61% (Net Income 638.0m / Total Assets 22.5b)
RoE = 6.36% (Net Income TTM 638.0m / Total Stockholder Equity 10.0b)
RoCE = 20.10% (EBIT 2.42b / Capital Employed (Equity 10.0b + L.T.Debt 2.02b))
RoIC = 9.50% (NOPAT 1.28b / Invested Capital 13.4b)
WACC = 10.45% (E(27.8b)/V(30.6b) * Re(9.21%) + D(2.74b)/V(30.6b) * Rd(43.66%) * (1-Tc(0.47)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -31.46 | Cagr: -1.59%
[DCF] Terminal Value 71.48% ; FCFF base≈493.4m ; Y1≈565.6m ; Y5≈832.4m
[DCF] Fair Price = 128.6 (EV 9.13b - Net Debt 2.19b = Equity 6.94b / Shares 54.0m; r=10.45% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -28.88 | EPS CAGR: -19.03% | SUE: 0.63 | # QB: 0
Revenue Correlation: -97.13 | Revenue CAGR: -17.69% | SUE: -1.31 | # QB: -1
EPS current Quarter (2026-06-30): EPS=5.50 | Chg30d=-4.81% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=6.20 | Chg30d=+1.26% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=28.06 | Chg30d=-1.53% | Revisions=+20% | GrowthEPS=+99.9% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=32.17 | Chg30d=-0.91% | Revisions=+20% | GrowthEPS=+14.6% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: -20%