{"id":23850,"date":"2021-01-15T09:00:39","date_gmt":"2021-01-15T08:00:39","guid":{"rendered":"https:\/\/staging.capitalmind.com\/industrial-tech-valuations-part-2\/"},"modified":"2021-03-04T23:31:13","modified_gmt":"2021-03-04T22:31:13","slug":"industrial-tech-valuations-part-2","status":"publish","type":"post","link":"https:\/\/dev2.capitalmind.com\/fr\/industrial-tech-valuations-part-2\/","title":{"rendered":"Industrial Tech Valuations &#8211; Part 2"},"content":{"rendered":"<h2>Mechanical engineering valuations rise despite COVID-19<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23837 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Machinery-1024x291.jpg\" alt=\"\" width=\"1024\" height=\"291\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Machinery-1024x291.jpg 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Machinery-800x227.jpg 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Machinery-768x218.jpg 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Machinery.jpg 1502w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Engineering companies currently valued at 7.3x EBITDA, 21% (!) higher than before COVID-19.<\/p>\n<p>Market capitalizations of the sub-sector have fallen by 5%, while the entire Investec Industrial Tech Index rose by 10.5%. The performance thus follows the #DAX30 -5%.<\/p>\n<p>Absolute EBITDA expectations are 21% below the 2019 results. Sales are down 19% and margins to 7% (8% in 2019).<\/p>\n<h2>Engineering services lose valuation &#8211; EBITDA &amp; turnover expectations collapse<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23841 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Engineering-1024x291.jpg\" alt=\"\" width=\"1024\" height=\"291\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Engineering-1024x291.jpg 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Engineering-800x227.jpg 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Engineering-768x218.jpg 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Engineering.jpg 1502w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Engineering service providers are currently valued at a 5.8x EBITDA, 12% lower than before COVID-19.<\/p>\n<p>Since January 2020, sub-sector market capitalizations have lost 21%, while the total Investec Industrial Tech Index has risen 10.5% and the #DAX30 has lost 5%.<\/p>\n<p>Absolute EBITDA forecasts are 9% below 2019 results, while revenues are down 26% from 2019 and margins remain stable at 6%.<\/p>\n<h2>Integrated groups rated significantly higher than before COVID-19<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23845 size-large\" src=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Integrated-1024x291.jpg\" alt=\"\" width=\"1024\" height=\"291\" srcset=\"https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Integrated-1024x291.jpg 1024w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Integrated-800x227.jpg 800w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Integrated-768x218.jpg 768w, https:\/\/dev2.capitalmind.com\/wp-content\/uploads\/2021\/01\/Industrial-Integrated.jpg 1502w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Integrated groups are currently valued at a 15x EBITDA, 28% higher than before COVID-19.<\/p>\n<p>The market capitalization of the sub-sector has increased by 5.3% since January 2020, while the Investec Industrial Technology Index has risen by 10.5% and the #DAX30 has lost 5%.<\/p>\n<p>Absolute EBITDA forecasts 17% lower than 2019 results, while revenues are down 27% from 2019 and margins remain at 11%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mechanical engineering valuations rise despite COVID-19 Engineering companies currently valued at 7.3x EBITDA, 21% (!) higher than before COVID-19. Market&#8230;<\/p>\n","protected":false},"author":17,"featured_media":21544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3800],"tags":[],"news-event-type":[],"dealtype":[],"blog-tag":[],"class_list":["post-23850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sectornews-fr","ps-industrie-fr"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/posts\/23850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/comments?post=23850"}],"version-history":[{"count":0,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/posts\/23850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/media\/21544"}],"wp:attachment":[{"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/media?parent=23850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/categories?post=23850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/tags?post=23850"},{"taxonomy":"news-event-type","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/news-event-type?post=23850"},{"taxonomy":"dealtype","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/dealtype?post=23850"},{"taxonomy":"blog-tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/fr\/wp-json\/wp\/v2\/blog-tag?post=23850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}