ABB LTD
ABLZF, ABBNY · Switchgear & Switchboard Apparatus · EDGAR filings ↗
Grade
B77Wide-moat electrification/automation leader with top-decile ROIC, though FY2023 data is stale.
Strengths
- #1/#2 market positions with top-decile ROIC (18.1%, 89.2nd) and operating margin (77.8th)
- Strong cash (95.2nd), ~9.5% revenue growth and disciplined ~100% FCF conversion target
Risks
- FY2023 data is now stale (>18 months), reducing confidence
- Emerging-market exposure (~40% of revenue) and cyclicality in industrial demand
Notable findings
- Strong balance sheetStrong balance sheet — $5.8B cash & investments
Key metrics
Gross margin
34.8%
Operating margin
15.1%
Net margin
11.9%
Return on equity
28.5%
Return on assets
9.3%
ROIC
18.1%
Revenue growth (QoQ)
9.5%
Net-income growth
47.4%
Debt / equity
0.6×
Net debt / EBITDA
0.4×
Current ratio
1.2×
EBITDA
$5.7B
Tangible book value
$1.6B
Cash & investments
$5.8B
Stock comp / revenue
0.3%
Supply chain
Customers (0)
Suppliers (2)
- EVE systems
- Siemens
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2024-02-23 | 2023-12-31 | 0001104659-24-026633 ↗ |
| 20-F | 2023-02-24 | 2022-12-31 | 0001104659-23-024840 ↗ |
| 20-F | 2022-02-25 | 2021-12-31 | 0001104659-22-026793 ↗ |
| 20-F | 2021-02-26 | 2020-12-31 | 0001104659-21-028374 ↗ |
| 20-F | 2020-02-26 | 2019-12-31 | 0001104659-20-024879 ↗ |
| 20-F | 2019-03-28 | 2018-12-31 | 0001410578-19-000158 ↗ |
| 20-F | 2018-02-23 | 2017-12-31 | 0001104659-18-011480 ↗ |
| 20-F | 2017-03-13 | 2016-12-31 | 0001104659-17-015892 ↗ |
| 20-F | 2016-02-25 | 2015-12-31 | 0001047469-16-010413 ↗ |
| 20-F | 2015-03-05 | 2014-12-31 | 0001047469-15-001710 ↗ |
| 20-F | 2014-03-07 | 2013-12-31 | 0001047469-14-001945 ↗ |
| 20-F | 2013-03-14 | 2012-12-31 | 0001047469-13-002744 ↗ |