VH2 Stock Analysis: Friedrich Vorwerk SE | XETRA
Engineering & Construction | XETRA, Germany | Market Cap: 1.402m EUR | 12M Return: -26.5% | DE000A255F11 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.91M
EPS Trend: 92.1%
Rev. Trend: 97.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.3 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.
Friedrich Vorwerk Group SE (XETRA: VH2) is a German energy infrastructure specialist founded in 1962 and headquartered in Tostedt, providing solutions for the transformation and transportation of energy across Germany and Europe. The company operates through four segments: Natural Gas (pipelines, compressor stations, LNG terminals, filtering and metering systems), Electricity (underground cable infrastructure for transmitting power from renewable sources), Clean Hydrogen (electrolysis-based conversion, storage, pipelines, and distribution), and Adjacent Opportunities (biogenic/synthetic gas treatment, district heating, water transport, and chemical/petrochemical solutions).
Positioned within the GICS Oil & Gas Storage & Transportation sub-industry, Vorwerk is exposed to the structural tailwinds of Germanys Energiewende (energy transition), which is driving sustained investment in grid modernization, renewable integration, and hydrogen infrastructure. The shift from fossil-based to renewable energy sources is reshaping demand for specialized pipeline and cable installation services, an area where the company leverages decades of project execution experience.
- Natural gas infrastructure backlog drives near-term revenue stability
- Clean hydrogen project pipeline expands as Germany funds Energiewende
- Underground electricity cable demand rises with offshore wind buildout
| Net Income: 108.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA -0.67 > 1.0 |
| NWC/Revenue: 25.65% < 20% (prev 20.34%; Δ 5.31% < -1%) |
| CFO/TA 0.33 > 3% & CFO 208.6m > Net Income 108.2m |
| Net Debt (-185.3m) to EBITDA (171.8m): -1.08 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (20.0m) vs 12m ago -0.48% < -2% |
| Gross Margin: 34.36% > 18% (prev 52.88%; Δ -18.53% > 0.5%) |
| Asset Turnover: 141.9% > 50% (prev 145.6%; Δ -3.76% > 0%) |
| Interest Coverage Ratio: 92.68 > 6 (EBIT TTM 141.3m / Interest Expense TTM 1.52m) |
| A: 0.30 (Total Current Assets 386.6m - Total Current Liabilities 197.1m) / Total Assets 624.2m |
| B: 0.35 (Retained Earnings 217.2m / Total Assets 624.2m) |
| C: 0.27 (EBIT TTM 141.3m / Avg Total Assets 520.6m) |
| D: 1.01 (Book Value of Equity 314.2m / Total Liabilities 310.7m) |
| Altman-Z'' = 6.01 = AAA |
| DSRI: 0.98 (Receivables 142.5m/119.0m, Revenue 738.6m/607.3m) |
| GMI: 1.54 (GM 52.88% / 34.36%) |
| AQI: 1.42 (AQ_t 0.10 / AQ_t-1 0.07) |
| SGI: 1.22 (Revenue 738.6m / 607.3m) |
| TATA: -0.16 (NI 108.2m - CFO 208.6m) / TA 624.2m) |
| Beneish M = -2.16 (Cap -4..+1) = BB |
As of October 22, 2026, the stock is trading at EUR 72.60 with a total of 141,472 shares traded. Over the past week, the price has changed by +8.68%, over one month by +12.04%, over three months by +5.07% and over the past year by -26.45%.
Current recommended Stop Loss: 68.50 (which is 5.6% or 1.6 ATR below the current price).
Friedrich Vorwerk SE has no consensus analysts rating.
P/E Trailing = 12.3633
P/S = 1.8937
P/B = 4.1909
Revenue TTM = 738.6m EUR
EBIT TTM = 141.3m EUR
EBITDA TTM = 171.8m EUR
Long Term Debt = 10.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 4.42m EUR (from shortTermDebt, last quarter)
Debt = 18.7m EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.18m
Net Debt = -185.3m EUR (calculated: Debt 18.7m - CCE 204.1m)
Enterprise Value = 1.22b EUR (1.40b + Debt 18.7m - CCE 204.1m)
Interest Coverage Ratio = 92.68 (Ebit TTM 141.3m / Interest Expense TTM 1.52m)
EV/FCF = 7.81x (Enterprise Value 1.22b / FCF TTM 155.8m)
FCF Yield = 12.80% (FCF TTM 155.8m / Enterprise Value 1.22b)
FCF Margin = 21.09% (FCF TTM 155.8m / Revenue TTM 738.6m)
Net Margin = 14.65% (Net Income TTM 108.2m / Revenue TTM 738.6m)
Gross Margin = 34.36% ((Revenue TTM 738.6m - Cost of Revenue TTM 484.8m) / Revenue TTM)
Gross Margin QoQ = 28.29% (prev 24.91%)
Tobins Q-Ratio = 1.95 (Enterprise Value 1.22b / Total Assets 624.2m)
Interest Expense / Debt = 8.14% (Interest Expense 1.52m / Debt 18.7m)
Taxrate = 30.90% (52.2m / 169.1m)
NOPAT = 97.7m (EBIT 141.3m * (1 - 30.90%))
Current Ratio = 1.96 (Total Current Assets 386.6m / Total Current Liabilities 197.1m)
Debt / Equity = 0.06 (Debt 18.7m / totalStockholderEquity, last quarter 314.2m)
Debt / EBITDA = -1.08 (Net Debt -185.3m / EBITDA 171.8m)
Debt / FCF = -1.19 (Net Debt -185.3m / FCF TTM 155.8m)
Total Stockholder Equity = 289.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 20.78% (Net Income 108.2m / Total Assets 624.2m)
RoE = 37.38% (Net Income TTM 108.2m / Total Stockholder Equity 289.5m)
RoCE = 47.17% (EBIT 141.3m / Capital Employed (Equity 289.5m + L.T.Debt 10.1m))
RoIC = 24.76% (NOPAT 97.7m / Invested Capital 394.5m)
WACC = 6.77% (E(1.40b)/V(1.42b) * Re(6.79%) + D(18.7m)/V(1.42b) * Rd(8.14%) * (1-Tc(0.31)))
Discount Rate = 6.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 44.67 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈136.2m ; Y1≈156.1m ; Y5≈229.8m
[DCF] Fair Price = 182.2 (EV 3.46b - Net Debt -185.3m = Equity 3.64b / Shares 20.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 92.12 | EPS CAGR: 229.4% | SUE: N/A | # QB: 0
Revenue Correlation: 97.73 | Revenue CAGR: 34.04% | SUE: -0.04 | # QB: 0
EPS current Year (2026-12-31): EPS=5.59 | Chg30d=+10.48% | Revisions=+50% | GrowthEPS=+29.0% | GrowthRev=+9.7%
EPS next Year (2027-12-31): EPS=5.81 | Chg30d=+10.19% | Revisions=+40% | GrowthEPS=+4.0% | GrowthRev=+12.2%
[Analyst] Revisions Ratio: +62% (up=5, down=0)