Analyse ABB Ltd

Fundamentele Analyse : Q1 2018

11-5 De koers ligt 1-2% onder de mediaan van 24,42 CHF.  De mediaan fungeert nu als weerstandslijn, 

De stochast (>>70) geeft aan dat het aandeel 'strong overbought' is.


Het FA profiel is omgeslagen naar sterk negatief. Bij afnemende profitability laten de prijs ratio's bij de actuele koers een stijgend verloop zien.


Op 6 april is 0,78 CHF dividend uitbetaald.

14- 5 Verkoop @ 24 CHF


Fundamentele Analyse : FY 2017

9-2 De koers is de afgelopen dagen ruim onder de mediaan van 24,42 CHF komen te liggen. Het volgende steunniveau ligt op 21,71 CHF.


Het FA profiel is positief. Bij toenemende profitability laten de prijs ratio's bij de actuele koers een dalend verloop zien (tov dezelfde periode een jaar geleden).

ABB CEO Ulrich Spiesshofer said :


“In the transition year 2017, we shaped a streamlined and strengthened ABB. Now, our digital-first portfolio for customers in utilities, industry and transport and infrastructure is based on two clear value propositions: bringing electricity from any power plant to any plug, and automating industries from natural resources to finished products. The annual results include the dampening effect of our massive transformation. With our targeted actions to shift our center of gravity, we have improved competitiveness, addressed higher-growth segments and de-risked ABB. We delivered four consecutive quarters of increasing base-order growth. The momentum we have built in 2017 positions us for profitable growth as the global markets are improving. Today’s proposal to increase the dividend for the 9th consecutive year demonstrates our confidence in the future.”


Source : ABB press release | Zurich, Switzerland, 8 February 2018


Fundamentele Analyse : Q1 2017

ABB CEO Ulrich Spiesshofer commented : “ABB delivered its second consecutive quarter of revenue growth. Underlying operational performance improved considering last year’s communicated correction of insurance reserves. We are seeing the first signals of market stabilization in some process industries, as well as some growth signals in early-cycle businesses. Power Grids’ order pattern for the quarter reflects a Chinese HVDC project, which was awarded in Q1 2016. Overall, underlying demand in China remains positive.”


“We commercially launched ABB Ability, our industry-leading digital offering and are really pleased with the very positive customer response,” he said. “With the completed sale of the cables business and the recently announced acquisition of B&R, an innovation leader in machine and factory automation, we continue our active portfolio management, as we further de-risk the portfolio and continue to shift ABB’s center of gravity to higher growth segments and strengthened competitiveness.”


Source : ABB press release | Zurich, Switzerland, 20 April 2017

Fundamentele Analyse : FY 2016

8 - 2 ABB weet de trend van dalende marges en profitability - die halverwege 2016 zichtbaar werd - om te buigen. Zowel de operating margin als de roa (en roe) nemen op jaarbasis toe.

 Door de flink opgelopen koers in de 1e weken van 2017 zijn de prijs ratio's p/e en ev/ebitda gestegen tot 26 resp 17.5 (eind 2016 : 23.2 resp. 16.2).

 De cf ratio's zijn y/o/y gedaald.


In het 1e uur van de handel daalt de koers met ca. 2.5% tot 22.70 chf.

 CEO Ulrich Spiesshofer commented : “We delivered growth in the fourth quarter, driven by the strong performance of Power Grids, in a continued tough market. Our customers are excited about ABB Ability, which bundles our leading offering as a digital champion in our industry. With the related orders already received, and significant interest, we are building growth momentum as we implement Next Level Stage 3. The underlying performance improvement momentum continued and was stronger than the numbers we are reporting if you consider the one-off events that impacted us during the quarter.


In 2016, we made significant progress transforming ABB into a more customer focused, leaner, digital technology leader. We delivered margin accretion through our continued focus on productivity and cost. Our working capital program, strong cash generation and disciplined capital allocation reflect the new cash culture of ABB. We are delivering on our commitment to attractive shareholder returns.”


Source : ABB press release | Zurich, Switzerland, 08 February 2017

Technische Analyse : Nov 2016