Financials ABB Ltd

Equities

ABBN

CH0012221716

Heavy Electrical Equipment

Market Closed - Swiss Exchange Other stock markets 10:00:03 23/01/2026 pm IST			5-day change	1st Jan Change
59.76 ^CHF	+0.44%		-2.99%	+0.91%

20/01	ABB LTD : Gets a Neutral rating from UBS	ZD
15/01	ABB LTD : Bernstein remains Neutral	ZD

Projected Income Statement: ABB Ltd

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	26,134	28,945	29,446	32,235	32,850	33,664	36,143	38,408
Change	-	10.76%	1.73%	9.47%	1.91%	2.48%	7.36%	6.26%
EBITDA ¹	2,508	6,611	4,151	5,651	5,873	6,876	8,012	8,327
Change	-	163.6%	-37.21%	36.14%	3.93%	17.08%	16.51%	3.94%
EBIT ¹	1,593	5,718	3,337	4,871	5,071	6,058	7,037	7,407
Change	-	258.95%	-41.64%	45.97%	4.11%	19.46%	16.17%	5.25%
Interest Paid ¹	-189	-97	-58	-110	107	-89.75	-74.3	-78
Earnings before Tax (EBT) ¹	841	5,787	3,394	4,778	5,233	6,090	7,617	7,485
Change	-	588.11%	-41.35%	40.78%	9.52%	16.37%	25.08%	-1.74%
Net income ¹	5,146	4,546	2,475	3,745	3,935	4,585	5,725	5,637
Change	-	-11.66%	-45.56%	51.31%	5.07%	16.52%	24.87%	-1.54%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	7,182	6,901	7,449	7,028	7,567	6,965	7,251	7,406	7,824	7,859	8,163	7,968	8,245	7,870	8,239	8,151	8,590	7,935	8,900	9,083	8,850	8,441	9,048	9,147	9,421
Change	-	-3.91%	7.94%	-5.65%	7.67%	-7.96%	4.11%	2.14%	5.64%	0.45%	3.87%	-2.39%	3.48%	-4.55%	4.69%	-1.07%	5.39%	-7.63%	12.16%	2.06%	-2.57%	-4.62%	7.18%	1.1%	2.99%
EBITDA ¹	807	1,024	1,324	1,072	3,191	1,067	794	906	1,384	1,389	1,494	1,453	1,315	1,418	1,578	1,503	1,374	1,763	1,786	1,877	1,538	1,656	1,941	1,936	1,911
Change	-	26.89%	29.3%	-19.03%	197.67%	-66.56%	-25.59%	14.11%	52.76%	0.36%	7.56%	-2.74%	-9.5%	7.83%	11.28%	-4.75%	-8.58%	28.31%	1.3%	5.1%	-18.05%	7.66%	17.21%	-0.26%	-1.29%
EBIT ¹	578	797	1,094	852	2,975	857	587	708	1,185	1,198	1,298	1,259	1,116	1,217	1,376	1,309	1,169	1,567	1,573	1,662	1,442	1,487	1,701	1,760	1,589
Change	-	37.89%	37.26%	-22.12%	249.18%	-71.19%	-31.51%	20.61%	67.37%	1.1%	8.35%	-3%	-11.36%	9.05%	13.06%	-4.87%	-10.7%	34.05%	0.38%	5.66%	-13.22%	3.1%	14.39%	3.44%	-9.69%
Charge d'intérêts	-37	-44	-21	-6	-26	-9	-20	-28	-1	-21	-25	-36	-28	20	33	2	-	7	25	13	-	-	-	-	-
Earnings before Tax (EBT) ¹	250	803	1,111	888	2,985	884	599	714	1,197	1,184	1,281	1,231	1,082	1,253	1,419	1,324	1,237	1,588	1,614	1,687	1,455	1,608	1,797	2,570	1,785
Change	-	221.2%	38.36%	-20.07%	236.15%	-70.39%	-32.24%	19.2%	67.65%	-1.09%	8.19%	-3.9%	-12.1%	15.8%	13.25%	-6.69%	-6.57%	28.38%	1.64%	4.52%	-13.76%	10.56%	11.73%	43.02%	-30.54%
Net income ¹	-79	502	752	652	2,640	604	379	360	1,132	1,036	906	882	921	905	1,096	947	987	1,102	1,151	1,208	1,146	1,169	1,336	1,374	2,228
Change	-	735.44%	49.8%	-13.3%	304.91%	-77.12%	-37.25%	-5.01%	214.44%	-8.48%	-12.55%	-2.65%	4.42%	-1.74%	21.1%	-13.59%	4.22%	11.65%	4.45%	4.95%	-5.11%	2.03%	14.28%	2.82%	62.17%
Announcement Date	04/02/21	27/04/21	22/07/21	21/10/21	03/02/22	21/04/22	21/07/22	20/10/22	02/02/23	25/04/23	20/07/23	18/10/23	01/02/24	18/04/24	18/07/24	17/10/24	30/01/25	17/04/25	17/07/25	16/10/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: ABB Ltd

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	112	-98	2,779	1,991	1,285	1,434	-3,336	-4,844
Change	-	-187.5%	2,935.71%	-28.36%	-35.46%	11.6%	-332.64%	-45.2%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: ABB Ltd

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	694	820	762	770	845	878.3	908.8	934
Change	-	18.16%	-7.07%	1.05%	9.74%	3.94%	3.47%	2.78%
Free Cash Flow (FCF) ¹	999	2,510	525	3,520	3,830	4,135	4,581	5,090
Change	-	151.25%	-79.08%	570.48%	8.81%	7.97%	10.78%	11.12%
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: ABB Ltd

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	9.6%	22.84%	14.1%	17.53%	17.88%	20.43%	22.17%	21.68%
EBIT Margin (%)	6.1%	19.75%	11.33%	15.11%	15.44%	17.99%	19.47%	19.28%
EBT Margin (%)	3.22%	19.99%	11.53%	14.82%	15.93%	18.09%	21.08%	19.49%
Net margin (%)	19.69%	15.71%	8.41%	11.62%	11.98%	13.62%	15.84%	14.68%
FCF margin (%)	3.82%	8.67%	1.78%	10.92%	11.66%	12.28%	12.67%	13.25%
FCF / Net Income (%)	19.41%	55.21%	21.21%	93.99%	97.33%	90.19%	80.01%	90.3%
Profitability
ROA	11.8%	11.18%	6.23%	9.35%	9.68%	10.66%	11.18%	10.92%
ROE	14.21%	29.08%	23.25%	28.6%	33.07%	30.25%	31.29%	27.25%
Financial Health
Leverage (Debt/EBITDA)	0.04x	-	0.67x	0.35x	0.22x	0.21x	-	-
Debt / Free cash flow	0.11x	-	5.29x	0.57x	0.34x	0.35x	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.66%	2.83%	2.59%	2.39%	2.57%	2.61%	2.51%	2.43%
CAPEX / EBITDA (%)	27.67%	12.4%	18.36%	13.63%	14.39%	12.77%	11.34%	11.22%
CAPEX / FCF (%)	69.47%	32.67%	145.14%	21.88%	22.06%	21.24%	19.84%	18.35%
Items per share
Cash flow per share ¹	0.799	1.649	0.674	2.298	2.526	2.748	3.122	3.47
Change	-	106.42%	-59.13%	240.92%	9.92%	8.81%	13.61%	11.14%
Dividend per Share ¹	0.8857	0.8934	0.9225	1.013	0.9916	1.062	1.157	1.217
Change	-	0.86%	3.27%	9.85%	-2.15%	7.07%	8.94%	5.18%
Book Value Per Share ¹	7.723	7.957	6.851	7.28	7.827	8.647	10.33	11.77
Change	-	3.02%	-13.9%	6.26%	7.51%	10.48%	19.45%	13.94%
EPS ¹	2.44	2.25	1.3	2.01	2.13	2.483	2.969	3.065
Change	-	-7.79%	-42.22%	54.62%	5.97%	16.58%	19.59%	3.23%
Nbr of stocks (in thousands)	20,58,789	19,92,148	18,66,376	18,42,990	18,38,306	18,18,612	18,18,612	18,18,612
Announcement Date	04/02/21	03/02/22	02/02/23	01/02/24	30/01/25	-	-	-