Wacker Neuson makes compact construction equipment, including mini excavators, wheel loaders, compactors and telehandlers, sold under its own brand and through a dealer network across Europe and North America. The moat is narrower than the name suggests: it competes with Caterpillar, Komatsu and Kubota on price-sensitive product lines, so its edge rests on dealer reach and compact-machine specialisation rather than scale. Revenue growth of 14.4% is running well ahead of what the earnings line has delivered, with a 9.0% operating margin and a 7.8% ROE, so the first question is whether that top-line momentum converts into margin expansion or simply reflects pricing and volume in a cyclical end market. At 13.0x trailing and 10.9x forward earnings, the stock is priced for the forward numbers to be delivered, which makes the upcoming order intake and margin guidance the items to check. Worth a deeper look to test whether the forward earnings estimate holds up against the construction cycle, not a conclusion on the stock.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 11:04 CEST | Fair value | €29.01 | first publication | €22.50 |
| 23 Oct 2026, 11:04 CEST | Rating | Undervalued | first publication | €22.50 |
| 23 Oct 2026, 01:53 CEST | ACCE price target | €25.80 | first publication | €22.50 |
Answered from Wacker Neuson SE fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| WAC.DE Wacker Neuson SE | €22.50 | €29 | 22% below | 13.0x | 7.8% | 56 | 75 |
| ALG Alamo Group Inc. Common Stock | $147.23 | $189 | 22% below | 17.5x | 8.8% | 59 | 47 |
| BLBD Blue Bird Corporation Common Stock | $56.73 | $27 | 108% above | 6.8x | 64.3% | 73 | 72 |
| IMD.AX Imdex Limited | A$3.26 | A$3 | 29% above | 22.4x | 12.1% | 75 | 63 |
| ENGCON-B.ST engcon AB (publ) | kr 73.20 | kr 30 | 141% above | 43.8x | 38.8% | 81 | 58 |
| LNN Lindsay Corporation Common Stock | $111.99 | $94 | 19% above | 19.8x | 10.7% | 63 | 45 |
| ESCORTS.NS Escorts Kubota Limited | ₹2636.90 | - | - | 20.9x | - | 71 | 50 |
Where WAC.DE ranks against its sector peers on each metric.