FCF regularly engages in research on the industrial machinery sector based on available data from European industrial machinery producers. The findings are regularly published in the
FCF INDUSTRIAL MACHINERY MARKET STUDY
The FCF Industrial Machinery Market Study includes:
Market Fundamentals: Development of key P&L metrics (revenue, EBITDA, EBIT) and profitability metrics (EBITDA-/ EBIT margin)
Market Valuation: Development of valuation multiples (EV / EBITDA, EV / EBIT)
Credit Statistics: Development of relevant credit metrics (net leverage ratio, equity ratio, EBITDA interest cover ratio and loan-to-value ratios), market rating and implied cost of capital (WACC)
Private Equity and Mergers & Acquisitions: Development of deal volume and deal count
Key findings of the FCF Industrial Machinery Market Study (April 2022):
- Revenue Development ’21: 22.6%
- EBITDA Development ’21: 46.3%
- EBIT Margin ’21: 13.0%
- EV / EBITDA-Multiple ’21: 12.2x
- Net Leverage ’21: 1.4x
- Equity Ratio ‘21: 46.4%
- Rating ‘21: A-
- WACC ‘21: 6.8%
- Private Equity Deal Count ‘21: 97
- M&A Deal Count ‘21: 183
- Revenue is expected to increase by 4.9% from ’20 to ’21 after a decrease of 10.1% in ’20
- EBITDA is expected to increase by 39.6% from ’20 to ’21 after a decrease of 16.7% in ’20
- EBIT is expected to increase by 46.0% from ’20 to ’21 after a decrease of 21.8% in ’20
- EV / EBITDA valuation increased from 10.3x in ’19 to 14.5x in ’20
- Net leverage increased from 2.1x in ’19 to 4.0x in ’20
- Implied Credit Rating decreased by 2 Rating-Notches from A- in ’19 to BXX in ’20
- The number of Private Equity (PE) and M&A deals decreased from 76 in ’19 to 73 in ’20 (PE) and from 160 to 95 (M&A)
SMALLCAP / MIDCAP RESEARCH SERIES
The FCF SmallCap / MidCap research reports are periodically updated and cover eight specific sectors as well as certain general capital market developments. Based on the data of publicly listed European corporates, the respective sector and market are individually analyzed. Our systematic analyses include information to, amongst others:
Automotive Supplier Market Study Research on the automotive supplier sector based on available data from European automotive suppliers.
European Chemicals Market Study
Research on the chemicals sector based on available data from European chemical companies.
Forestry, Paper and Packaging Market Study Research on the forestry, paper and packaging sector based on available data from European forestry, paper and packaging companies.
Industrial Machinery Market StudyResearch on the industrial machinery sector based on available data from European industrial machinery companies.
Metals & Materials Market Study
Research on the metals & materials sector based on available data from European metals & materials producers.
Logistics & Transportation Market StudyResearch on the logistics and transport sector based on publicly available data from European logistics and transportation providers.
European Infrastructure & Construction Market StudyResearch on the logistics and transport sector based on publicly available data from European logistics and transportation providers.
Bank Monitor Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.
IPO Market MonitorProviding relevant valuation metrics (e.g. ratios, multiples), general information and performance data of European IPOs that have been issued within the last six months.
Valuation MonitorThe FCF Valuation Monitor is a comprehensive quarterly valuation analysis (e.g. ratios and multiples) for the German small / midcap market segment of selected industry sectors.
NEWS & PRESS
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q3/2022”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available