Wärtsilä (WRT1V.HE) Stock Analysis & AI Equity Report
The ready report was written by the Valuatum engine on 7 July 2026 and holds the figures available then. A fresh report is written today, from today's data, and arrives by email — usually within about 30 minutes.
Wärtsilä (WRT1V.HE) overview
Wärtsilä (NASDAQ Helsinki: WRT1V.HE) stock analysis and AI equity research. Wärtsilä shares trade at 31.89 EUR; Valuatum rates WRT1V.HE HOLD with a 32.10 EUR 12-month price target (+0.7% vs the current share price). This Industrial - Machinery equity research report covers Wärtsilä's valuation, segment-value analysis, reverse valuation, financial forecasts, key ratios, risks and catalysts.
Key metrics & valuation multiples
52-week range 19.36 EUR – 40.75 EUR · 1-year change +56.7% · 3-year change +214.8%.
Executive summary
Wärtsilä Oyj Abp (WRT1V.HE, NASDAQ Helsinki) is a Finnish technology group supplying power, propulsion and lifecycle solutions to the marine and energy markets, increasingly serving off-grid AI data-centre power demand; in this Valuatum equity research report dated 7 July 2026 we rate the stock HOLD with a 12-month target price of 32.10 EUR against a current price of 31.89 EUR, implying roughly 0.7% upside. Market capitalisation is EUR 18.8 bn and enterprise value is EUR 16.5 bn.
The core valuation tension is that the enterprise value is almost entirely supported by two dominant segments. Marine and Energy together represent 96.8% of the group's enterprise value, 80.2% of its revenue and 92.6% of its operating profit, and the market applies premium ~20-22x EV/EBIT multiples to both, pricing in structural growth from IMO decarbonisation retrofits and AI data-centre power demand. The group trades at an implied 18.0x EV/EBIT on 2026 estimates, already below the 19.5x normalized historical average and the 20.2x peer median, leaving limited room for further re-rating. On a reverse-valuation basis, testing the EUR 16.1 billion enterprise value against EUR 826 million of operating profit at a mature 15x EBIT baseline supports roughly EUR 12.4 billion, meaning about 77% of the enterprise value is backed by existing, proven cash flows; the remaining ~EUR 3.7 billion growth premium depends on Energy converting 2.4 GW of installed US data-centre capacity into a service annuity (lifting EBIT from EUR 362m to EUR 517m) and on Marine advancing its 12.4% margin toward 14.0%. The scenario base case implies EUR 30.42 per share (-4.6%), the bull case EUR 36.34 (+14.0%) and the bear case EUR 22.67 (-28.9%), so with the stock trading near target we view Wärtsilä as appropriately valued.
Investment thesis — three reasons
Energy must convert 2.4 GW of installed US data-centre capacity into service revenue, lifting EBIT from EUR 362m to the required EUR 517m to justify its EUR 7.75bn allocated EV at 15x.
Segment value analysis — enterprise-value allocation
The segment value analysis decomposes Wärtsilä's enterprise value into the distinct businesses and options the market is paying for. The allocation across each segment is shown below; the full segment economics are in the report.
Profit engine valued as a dual-engine cash generator at a 20.0x EV/EBIT multiple, benefiting from a robust cyclical newbuild market (particularly LNG carriers and cruise ships) and a structural regulatory super-cycle driven by IMO decarbonisation targets that force fleet owners to retrofit existing vessels with dual-fuel or alternative-fuel engines. The large installed base ensures a captive market for high-margin spare parts and maintenance, and benchmark Kongsberg Maritime's 14.7-14.9% EBIT margins suggest the current 12.4% margin has room for structural expansion. To justify the EUR 7.85 billion enterprise value without an elevated 19.5x multiple, the segment needs EUR 523 million of EBIT at a normalized 15x — covered by expanding the margin to 14.0% and growing revenue modestly to EUR 3.7 billion.
Reverse valuation
The reverse valuation tests whether the revenue, margin and multiple assumptions embedded in Wärtsilä's EUR 16.5 billion enterprise value are coherent, with the Energy segment causing the largest valuation swing: outcomes depend heavily on the duration of US grid interconnection bottlenecks driving off-grid energy demand and the persistence of the IMO decarbonisation super-cycle in the maritime industry. Because Wärtsilä holds EUR 1.8 billion of net cash, equity value exceeds enterprise value in every scenario.
Wärtsilä financial statements & estimates
All figures in EUR millions unless noted; per-share data in EUR.
Unlock the Wärtsilä ready report
The full PDF adds the complete reverse-valuation scenario model, segment financial statements and estimates, the full risk & catalyst analysis, and the institutional one-page snapshot. Instant download for €20.00. Written on 7 July 2026, from the figures available then.
Wärtsilä (WRT1V.HE) stock — frequently asked questions
Is Wärtsilä (WRT1V.HE) a buy or a sell?
Valuatum's latest AI equity report rates Wärtsilä (WRT1V.HE) HOLD, with a 12-month price target of 32.10 EUR versus a 31.89 EUR share price (+0.7%). The full report explains the rationale behind the rating.
What is the Wärtsilä (WRT1V.HE) share price target?
The current Valuatum 12-month price target for Wärtsilä is 32.10 EUR, implying +0.7% versus the current share price. Unlock the report for the valuation behind the target.
How is Wärtsilä (WRT1V.HE) valued?
The Wärtsilä AI equity report values the company using segment-value analysis and a reverse valuation (a DCF-style framework), with segment financial estimates, key ratios, risks and catalysts. Buy the report to read the full valuation.
Where can I get the Wärtsilä (WRT1V.HE) equity research report?
Buy the Wärtsilä (WRT1V.HE) AI equity report PDF on this page for instant download, or generate a fresh report for any listed company.
Sources & methodology
- Primary data: Valuatum Equity Research, Wärtsilä Oyj Abp report dated 7 July 2026 (company value map; segment EV allocations EUR 7.85bn Marine and EUR 7.75bn Energy; FY2025 net sales EUR 6,914m and comparable EBIT EUR 826m).
- Consensus estimates: competitor Kongsberg EBIT margin of 14.7-14.9% used for the Marine segment benchmark; historical normalized EV/EBIT of 19.53x used in the valuation reality check.
- Market data: Ticker WRT1V.HE current price 31.89 EUR as of 7 July 2026 against the EUR 32.1 target; 2026e forward EBITDA EUR 1,209m (analyst-generated estimate).
Valuatum reports are generated using Valuatum's AI equity research framework — a structured enterprise-value and segment value methodology built on 25+ years of professional equity research practice. See the methodology for the full approach.
Disclaimer: This is AI-generated research material for informational purposes only. It may include analytical rating and target-price language, but it is general research, not investment advice to any individual reader. Always perform your own analysis. Valuatum Oy, Helsinki, Finland.
Analyst reports on Wärtsilä
Each is this company's Valuatum report re-run with an analyst's own assumptions and published under their name. They are ordered by what other analysts said the work added over the engine's report — a score out of five from people who had to read it to give it.