Wärtsilä Oyj Abp (WRT1V.HE) Stock Analysis & AI Equity Report
Wärtsilä Oyj Abp (WRT1V.HE) overview
Wärtsilä Oyj Abp (NASDAQ Helsinki: WRT1V.HE) stock analysis and AI equity research. Wärtsilä Oyj Abp shares trade at 36.12 EUR; Valuatum rates WRT1V.HE SELL with a 30.00 EUR 12-month price target (-16.9% vs the current share price). This Industrial - Machinery equity research report covers Wärtsilä Oyj Abp's valuation, value-pool analysis, reverse valuation, financial forecasts, key ratios, risks and catalysts.
Key metrics & valuation multiples
52-week range 24.24 EUR – 36.90 EUR · 1-year change +77.2% · 3-year change +210.7%.
Executive summary
Wärtsilä Oyj Abp (WRT1V.HE, NASDAQ Helsinki) is a Finnish marine and energy technology group built around medium-speed reciprocating engines, and this Valuatum equity research report dated 5 June 2026 rates it SELL with a 12-month target price of EUR 30.00 versus a current price of EUR 36.12, implying roughly -16.9% downside.
The core valuation tension is that Wärtsilä's EUR 21.2 billion market capitalization and EUR 19.0 billion enterprise value price the engine business as a non-cyclical transition compounder at an aggressive 20.7x forward EV/EBIT multiple. The market allocates nearly 94% of enterprise value to Wärtsilä Marine (EUR 10.08 billion) and Wärtsilä Energy (EUR 7.77 billion), both carried at roughly 21x forward EBIT, on the assumption that maritime decarbonization retrofits and off-grid hyperscaler AI data center demand are permanent rather than a cyclical peak. The reverse-valuation conclusion is that to justify the 20.7x multiple without contraction, steady-state Energy EBIT must grow quickly to EUR 450 million and Marine margins must reach 15%. The explicit thesis breaker is an off-grid hardware cliff after 2028: if hyperscaler demand evaporates and maritime freight markets contract, multiple contraction toward a 12x-14x industrial standard would collapse enterprise value to about EUR 11.0 billion, though a EUR 2.25 billion net cash pile provides a strong equity floor.
Investment thesis — three reasons
The EUR 19.0 billion enterprise value rests on an aggressive 20.7x EV/EBIT multiple that requires the Energy division to grow steady-state earnings rapidly to justify the current price. For a heavy industrial manufacturer this multiple is exceptionally rich and rarely sustainable unless the business has structurally decoupled from cyclicality.
Value pool analysis — enterprise-value allocation
The value pool analysis decomposes Wärtsilä Oyj Abp's enterprise value into the distinct businesses and options the market is paying for. The allocation across each pool is shown below; the full segment economics are in the report.
The group's profit engine accounts for exactly half of 2026E net sales and 52.3% of group EBIT, carried at a ~21x forward EBIT multiple consistent with high-quality industrial compounders. Marine has shifted from cyclical equipment vendor to recurring service provider, with high-margin long-term service agreements and aftermarket sales establishing a cash flow floor tied to maritime decarbonization and the IMO Net Zero Framework.
Reverse valuation
The valuation is framed as a scenario bridge that tests how much enterprise value the engine business can support at different EBIT multiples, then adds the EUR 2.25 billion net cash position to reach equity value per share. Scenarios diverge almost entirely on the durability of the Wärtsilä Energy order book and Marine services pricing power.
Wärtsilä Oyj Abp financial statements & estimates
All figures in EUR millions unless noted.
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Wärtsilä Oyj Abp (WRT1V.HE) stock — frequently asked questions
Is Wärtsilä Oyj Abp (WRT1V.HE) a buy or a sell?
Valuatum's latest AI equity report rates Wärtsilä Oyj Abp (WRT1V.HE) SELL, with a 12-month price target of 30.00 EUR versus a 36.12 EUR share price (-16.9%). The full report explains the rationale behind the rating.
What is the Wärtsilä Oyj Abp (WRT1V.HE) share price target?
The current Valuatum 12-month price target for Wärtsilä Oyj Abp is 30.00 EUR, implying -16.9% versus the current share price. Unlock the report for the valuation behind the target.
How is Wärtsilä Oyj Abp (WRT1V.HE) valued?
The Wärtsilä Oyj Abp AI equity report values the company using value-pool 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 Oyj Abp (WRT1V.HE) equity research report?
Buy the Wärtsilä Oyj Abp (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: Wärtsilä Company Value Map enterprise value EUR 19,039 million; analyst-generated 2026 comparable EBIT EUR 918 million; segment EV allocations (Marine EUR 10,080m, Energy EUR 7,770m).
- Consensus estimates: 2026 pre-tax profit EUR 912 million.
- Market data: current share price EUR 36.12 as of 5 June 2026; model output 20.74x EV/EBIT.
This report was generated using Valuatum's AI equity research framework — a structured enterprise-value and value-pool methodology built on 25+ years of professional equity research practice. See the methodology for the full approach.
Disclaimer: This is an AI-generated research material for informational purposes only. It is not investment advice or a buy/sell recommendation. Always perform your own analysis. Valuatum Oy, Helsinki, Finland.