FLSmidth FLS.CO
DenmarkIndustrials · Specialty Industrial MachineryNasdaq Copenhague · DKK
655.83 DKK (+19.9%)
12 analysts
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FLSmidth is a global engineering and equipment supplier for the mining and cement industries, offering everything from individual machinery to complete plants and maintenance services.
Listed on Nasdaq Copenhague · Symbol FLS.CO · CPH: FLS · Currency DKK
Key points
from its scores- ✓Strong growth7.9
- ✓Very solid balance sheet7.4
- ✕Little or no dividend3.8
- ✕Unfavourable risk and backdrop4.5
- !Average business quality5.1
AI analysis
bottom line, main risk, context and newsThe company has decent fundamentals but cash conversion and low dividend yield limit the appeal.
FLSmidth presents solid financial health (ND/EBITDA of 0.92) and revenue growth of 16.8%, although its free cash flow conversion is negative (-30.48%), which weighs on its quality and valuation. The dividend yield is low (0.64%).
The negative free cash flow conversion (-30.48%) could indicate working capital management issues or investments that are not translating into cash, a key risk for dividend sustainability and valuation.
Context and risks
The company is domiciled in Denmark, a country with solid institutions and minority shareholder protection, so the penalty is mild. No specific regulatory, geopolitical, or business model risks are identified beyond general exposure to emerging markets in its mining and cement order book.
Is FLSmidth stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 17% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.1 | 25.4 | −25% |
| EV / EBITDA | 13.3 | 14.5 | −8% |
| Price / book | 2.8 | 4.1 | −31% |
| Price / sales | 2.0 | 2.1 | −4% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Industrials: 5.0).
Average analyst target: 655.83 DKK, +19.9% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.4 (sector 6.4), Growth 7.9 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 19.1
- Forward P/E
- 15.9
- EV / EBITDA
- 13.3
- Price / book
- 2.8
- Price / sales
- 2.0
- PEG
- 2.29
- Market cap
- 29.0B DKK
- Enterprise value
- 31.6B DKK
Profitability
- ROE
- 15.1%
- ROA
- 5.4%
- ROIC (approx.)
- 17.9%
- Gross margin
- 35.5%
- Operating margin
- 16.0%
- Net margin
- 10.4%
- Free cash flow
- −725.1M DKK
- FCF yield
- −2.5%
- Cash conversion
- −30%
Solvency
- Total debt
- 2.8B DKK
- Net debt
- 2.2B DKK
- Cash
- 652.0M DKK
- EBITDA
- 2.4B DKK
- Net debt / EBITDA
- 0.92
- Debt / equity
- 27.08
- Current ratio
- 1.34
- Quick ratio
- 0.86
Growth
- Revenue growth
- +16.8%
- EPS (TTM)
- 28.70 DKK
- EPS (forward)
- 34.42 DKK
Dividend
- Dividend yield
- 0.7%
- Payout
- 13.9%
Risk and market
- Beta
- 1.35
- Analyst consensus
- Strong buy (12)
- Target price
- 655.83 DKK
- 52-week range
- 387.60 – 619.50
Recent news
All FLS.CO news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about FLSmidth
Is FLSmidth stock cheap or expensive?
On P/E and EV / EBITDA, it trades 17% below the Industrials median on average. Valuation score: 5.2 out of 10 (median for Industrials: 5.0). Average analyst target: 655.83 DKK, +19.9% versus the price. This is not investment advice.
What score does FLSmidth get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,241 of 2,130 (better than 39% of the companies analysed). Its strongest category is Growth (7.9) and its weakest, Dividend (3.8). Analysis of 08/10/2026.
What is FLSmidth's P/E ratio?
Its P/E is 19.1: the share price equals 19.1 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 15.9.
How much is FLSmidth worth on the stock market?
Its market capitalisation is 29.0B DKK and its enterprise value, debt included, is 31.6B DKK.
How much debt does FLSmidth have?
Its net debt (debt minus cash) is 2.2B DKK. That is 0.92 times its EBITDA; the Industrials median is 1.58.
Does FLSmidth pay a dividend?
Yes: its dividend yield is 0.73% and it pays out 14% of its earnings.
How has FLSmidth stock performed over the last year?
It has risen 15.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 387.60 and 619.50 DKK. Past performance does not guarantee future results.
What do analysts think of FLSmidth?
12 analysts cover it; their average recommendation is “Strong buy” and their average target is 655.83 DKK (+19.9% versus the price). It is an estimate, not market data.