FLS Stock Analysis: FLSmidth & Co. | CO
Specialty Industrial Machinery | CO, Denmark | Market Cap: 29.515m DKK | 12M Return: 15.5% | DK0010234467 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 59.4M
EPS Trend: -21.2%
Qual. Beats: 0
Rev. Trend: -98.1%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
FLSmidth & Co. A/S is a Denmark-based industrial company that supplies flowsheet technology, equipment, and service solutions to the global mining industry, with operations spanning the Americas, Europe, the Middle East, Africa, and Asia. The business is organized into three segments: Service, Products, and Pumps, Cyclones & Valves (PC&V), offering a broad portfolio that includes mineral processing equipment (crushers, mills, flotation cells, hydrocyclones, screens, thickeners, filters), slurry pumps and valves, kilns and dryers, laboratory and testing equipment, and precious-metals processing systems. Beyond capital equipment, the company provides consumables, spare parts, digital services, process automation, upgrade and rebuild services, and mining education. Founded in 1882 and headquartered in Copenhagen, FLSmidth (formerly FLS Industries) serves as a one-stop supplier across the mining value chain.
Its business model combines heavy equipment manufacturing with a sizable aftermarket and service component-a structure typical of mining-equipment vendors, where recurring revenue from spare parts, consumables, and field services helps offset the cyclicality of large project orders tied to commodity prices and mine development.
- Mining capex recovery lifts equipment and service demand
- Service segment margins expand on recurring spare parts revenue
- Copper and gold price strength boosts Latin American mining orders
| Net Income: 1.54b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.66 > 1.0 |
| NWC/Revenue: 20.34% < 20% (prev 6.31%; Δ 14.03% < -1%) |
| CFO/TA 0.02 > 3% & CFO 500.0m > Net Income 1.54b |
| Net Debt (2.45b) to EBITDA (2.79b): 0.88 < 3 |
| Current Ratio: 1.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (53.8m) vs 12m ago -5.19% < -2% |
| Gross Margin: 31.93% > 18% (prev 34.06%; Δ -2.13% > 0.5%) |
| Asset Turnover: 61.78% > 50% (prev 75.84%; Δ -14.06% > 0%) |
| Interest Coverage Ratio: 2.02 > 6 (EBIT TTM 2.22b / Interest Expense TTM 1.10b) |
| A: 0.13 (Total Current Assets 11.8b - Total Current Liabilities 8.77b) / Total Assets 23.4b |
| B: 0.50 (Retained Earnings 11.7b / Total Assets 23.4b) |
| C: 0.09 (EBIT TTM 2.22b / Avg Total Assets 23.9b) |
| D: 0.81 (Book Value of Equity 10.5b / Total Liabilities 12.9b) |
| Altman-Z'' = 3.96 = AA |
| DSRI: 2.43 (Receivables 6.86b/3.54b, Revenue 14.7b/18.5b) |
| GMI: 1.07 (GM 34.06% / 31.93%) |
| AQI: 0.95 (AQ_t 0.39 / AQ_t-1 0.41) |
| SGI: 0.80 (Revenue 14.7b / 18.5b) |
| TATA: 0.04 (NI 1.54b - CFO 500.0m) / TA 23.4b) |
| Beneish M = -1.96 (Cap -4..+1) = B |
As of October 09, 2026, the stock is trading at DKK 546.50 with a total of 100,070 shares traded. Over the past week, the price has changed by +0.18%, over one month by -9.29%, over three months by +18.65% and over the past year by +15.52%.
Current recommended Stop Loss: 521.60 (which is 4.6% or 1.3 ATR below the current price).
FLSmidth & Co. has no consensus analysts rating.
P/E Trailing = 19.3056
P/E Forward = 17.8253
P/S = 2.0011
P/B = 2.9699
P/EG = 2.2886
Revenue TTM = 14.7b DKK
EBIT TTM = 2.22b DKK
EBITDA TTM = 2.79b DKK
Long Term Debt = 2.51b DKK (from longTermDebt, last quarter)
Short Term Debt = 152.0m DKK (from shortTermDebt, last quarter)
Debt = 3.10b DKK (from shortLongTermDebtTotal, last quarter) + Leases 264.0m
Net Debt = 2.45b DKK (calculated: Debt 3.10b - CCE 652.0m)
Enterprise Value = 32.0b DKK (29.5b + Debt 3.10b - CCE 652.0m)
Interest Coverage Ratio = 2.02 (Ebit TTM 2.22b / Interest Expense TTM 1.10b)
EV/FCF = 148.0x (Enterprise Value 32.0b / FCF TTM 216.0m)
FCF Yield = 0.68% (FCF TTM 216.0m / Enterprise Value 32.0b)
FCF Margin = 1.46% (FCF TTM 216.0m / Revenue TTM 14.7b)
Net Margin = 10.43% (Net Income TTM 1.54b / Revenue TTM 14.7b)
Gross Margin = 31.93% ((Revenue TTM 14.7b - Cost of Revenue TTM 10.0b) / Revenue TTM)
Gross Margin QoQ = 33.65% (prev 32.30%)
Tobins Q-Ratio = 1.37 (Enterprise Value 32.0b / Total Assets 23.4b)
Interest Expense / Debt = 35.42% (Interest Expense 1.10b / Debt 3.10b)
Taxrate = 45.60% (1.32b / 2.89b)
NOPAT = 1.21b (EBIT 2.22b * (1 - 45.60%))
Current Ratio = 1.34 (Total Current Assets 11.8b / Total Current Liabilities 8.77b)
Debt / Equity = 0.30 (Debt 3.10b / totalStockholderEquity, last quarter 10.5b)
Debt / EBITDA = 0.88 (Net Debt 2.45b / EBITDA 2.79b)
Debt / FCF = 11.33 (Net Debt 2.45b / FCF TTM 216.0m)
Total Stockholder Equity = 10.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.44% (Net Income 1.54b / Total Assets 23.4b)
RoE = 15.27% (Net Income TTM 1.54b / Total Stockholder Equity 10.1b)
RoCE = 17.63% (EBIT 2.22b / Capital Employed (Equity 10.1b + L.T.Debt 2.51b))
RoIC = 8.56% (NOPAT 1.21b / Invested Capital 14.1b)
WACC = 10.53% (E(29.5b)/V(32.6b) * Re(9.61%) + D(3.10b)/V(32.6b) * Rd(35.42%) * (1-Tc(0.46)))
Discount Rate = 9.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -80.49 | Cagr: -2.41%
[DCF] Terminal Value 65.42% ; FCFF base≈381.6m ; Y1≈334.6m ; Y5≈270.4m
[DCF] Fair Price = 14.15 (EV 3.20b - Net Debt 2.45b = Equity 750.9m / Shares 53.1m; r=10.53% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -21.21 | EPS CAGR: -15.46% | SUE: 0.36 | # QB: 0
Revenue Correlation: -98.10 | Revenue CAGR: -18.54% | SUE: 1.67 | # QB: 1
EPS current Quarter (2026-09-30): EPS=6.03 | Chg30d=+2.06% | Revisions=-50% | Analysts=5
EPS current Year (2026-12-31): EPS=31.97 | Chg30d=+2.14% | Revisions=+50% | GrowthEPS=+158.7% | GrowthRev=+3.2%
EPS next Year (2027-12-31): EPS=34.42 | Chg30d=+1.61% | Revisions=+50% | GrowthEPS=+7.7% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: +25% (up=6, down=3)