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 (04/2023):
- Revenue Development ‘22: 17.8%
- EBITDA Development ‘22: 10.7%
- EBITDA Margin ‘22: 13.1%
- EV / EBITDA-Multiple ‘22: 10.6x
- Net Leverage ‘22: 1.8x
- Equity Ratio ‘22: 45.1%
- Rating ‘22: BXX+
- WACC ‘22: 6.5%
- 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)
MIDCAP RESEARCH SERIES
Market Research
Bank Monitor
Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.
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.
Credit MonitorComprehensive analysis of the interest rate environment and loan market for corporates in Germany.
Sector MonitorResearch on European listed companies from selected sectors (Automotive Suppliers, Construction Materials, Forestry, Paper & Packaging, Food & Beverages, Logistic & Transportation, Industrial Machinery, Pharma, Recycling, Software, TMT)
NEWS & PRESS
FCF Valuation Monitor – Q4 2024 published
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2024”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and
FCF Bank Monitor – Q3 2024 published
On a biannual basis, FCF publishes its FCF Bank-Monitor. The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and Austrian
FCF Interest & Corporate Loan Monitor Q1/2024 published
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q1/2024”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available
FCF Automotive Supplier Market Study – 2024 published
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF AUTOMOTIVE SUPPLIER MARKET STUDY – 04/2024”. Based on available data from European automotive suppliers, the FCF AUTOMOTIVE SUPPLIER MARKET STUDY is a detailed
FCF Bank Monitor – Q1 2024 published
On a quarterly basis, FCF publishes its FCF Bank Monitor. The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and
