(SAX) Ströer SE & Co. KGaA - Overview
Stock: Billboards, Transit Ads, Digital Screens, Portals, Care Products
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.38% |
| Yield on Cost 5y | 3.87% |
| Yield CAGR 5y | 3.56% |
| Payout Consistency | 94.6% |
| Payout Ratio | 98.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.2% |
| Relative Tail Risk | -13.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.66 |
| Alpha | -46.09 |
| Character TTM | |
|---|---|
| Beta | 0.279 |
| Beta Downside | 0.519 |
| Drawdowns 3y | |
|---|---|
| Max DD | 47.33% |
| CAGR/Max DD | -0.22 |
Description: SAX Ströer SE & Co. KGaA January 11, 2026
Ströer SE & Co. KGaA (XETRA:SAX) is a German-based media group that delivers out-of-home (OOH) and digital OOH advertising across Germany and selected international markets. The business is organized into three operating segments: (1) Out-of-Home Media, which sells traditional poster, shelter and public-transport placements; (2) Digital & Dialog Media, covering programmatic digital screens, online marketing services for SMBs, and tele-sales channels; and (3) DaaS & E-Commerce, which monetises data under the Statista brand and runs a portfolio of niche web portals (e.g., t-online.de, giga.de) as well as consumer-goods e-commerce (M. Asam, ahuhu, YOUTH-LIFT, Kräuterhof). The company was founded in 2016 and is headquartered in Cologne.
According to Ströer’s 2023 annual report, total revenue reached approximately €1.2 billion, with digital-media revenue growing ~15 % YoY and now representing roughly 30 % of total sales. The Out-of-Home segment delivered an EBITDA margin of 13 % (vs. 12 % in 2022), while the DaaS & E-Commerce segment posted a 9 % margin, reflecting higher gross margins on data-licensing and e-commerce operations. The firm’s free-cash-flow conversion was about 70 % of EBITDA, indicating solid cash generation despite ongoing capex on digital screen networks.
Key macro-drivers for Ströer include the continued shift of advertising spend from traditional print to programmatic OOH, which the IAB estimates will grow at a 9 % CAGR through 2027 in Europe. German ad-spend is projected to rise 3-4 % in 2024, buoyed by a rebound in consumer confidence and increased retail-media budgets. Conversely, inflation-linked cost pressures on media-inventory and labor could compress margins if price pass-through is limited.
For a deeper, data-driven assessment of Ströer’s valuation and risk profile, you may find ValueRay’s analytical dashboards worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 123.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -2.57 > 1.0 |
| NWC/Revenue: -14.06% < 20% (prev -23.62%; Δ 9.56% < -1%) |
| CFO/TA 0.15 > 3% & CFO 411.7m > Net Income 123.8m |
| Net Debt (741.5m) to EBITDA (584.1m): 1.27 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.8m) vs 12m ago 0.15% < -2% |
| Gross Margin: 43.34% > 18% (prev 0.43%; Δ 4291 % > 0.5%) |
| Asset Turnover: 74.66% > 50% (prev 75.17%; Δ -0.51% > 0%) |
| Interest Coverage Ratio: 3.45 > 6 (EBITDA TTM 584.1m / Interest Expense TTM 73.9m) |
Altman Z'' -0.70
| A: -0.10 (Total Current Assets 410.7m - Total Current Liabilities 700.2m) / Total Assets 2.82b |
| B: -0.15 (Retained Earnings -417.6m / Total Assets 2.82b) |
| C: 0.09 (EBIT TTM 254.8m / Avg Total Assets 2.76b) |
| D: -0.15 (Book Value of Equity -366.4m / Total Liabilities 2.39b) |
| Altman-Z'' Score: -0.70 = B |
Beneish M -3.17
| DSRI: 0.91 (Receivables 216.8m/233.6m, Revenue 2.06b/2.03b) |
| GMI: 0.99 (GM 43.34% / 42.74%) |
| AQI: 1.05 (AQ_t 0.44 / AQ_t-1 0.42) |
| SGI: 1.02 (Revenue 2.06b / 2.03b) |
| TATA: -0.10 (NI 123.8m - CFO 411.7m) / TA 2.82b) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of SAX shares?
Over the past week, the price has changed by -2.37%, over one month by -12.60%, over three months by -8.85% and over the past year by -39.25%.
Is SAX a buy, sell or hold?
What are the forecasts/targets for the SAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 58.4 | 77.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 32.1 | -2.5% |
SAX Fundamental Data Overview February 03, 2026
P/E Trailing = 15.7692
P/E Forward = 11.0011
P/S = 0.916
P/B = 4.6473
P/EG = 1.67
Revenue TTM = 2.06b EUR
EBIT TTM = 254.8m EUR
EBITDA TTM = 584.1m EUR
Long Term Debt = 957.9m EUR (from longTermDebt, last quarter)
Short Term Debt = 189.0m EUR (from shortTermDebt, last quarter)
Debt = 806.3m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 741.5m EUR (from netDebt column, last quarter)
Enterprise Value = 2.89b EUR (2.14b + Debt 806.3m - CCE 64.8m)
Interest Coverage Ratio = 3.45 (Ebit TTM 254.8m / Interest Expense TTM 73.9m)
EV/FCF = 9.29x (Enterprise Value 2.89b / FCF TTM 310.7m)
FCF Yield = 10.77% (FCF TTM 310.7m / Enterprise Value 2.89b)
FCF Margin = 15.10% (FCF TTM 310.7m / Revenue TTM 2.06b)
Net Margin = 6.02% (Net Income TTM 123.8m / Revenue TTM 2.06b)
Gross Margin = 43.34% ((Revenue TTM 2.06b - Cost of Revenue TTM 1.17b) / Revenue TTM)
Gross Margin QoQ = 42.30% (prev 42.77%)
Tobins Q-Ratio = 1.02 (Enterprise Value 2.89b / Total Assets 2.82b)
Interest Expense / Debt = 0.99% (Interest Expense 7.95m / Debt 806.3m)
Taxrate = 29.90% (12.8m / 42.7m)
NOPAT = 178.6m (EBIT 254.8m * (1 - 29.90%))
Current Ratio = 0.59 (Total Current Assets 410.7m / Total Current Liabilities 700.2m)
Debt / Equity = 1.99 (Debt 806.3m / totalStockholderEquity, last quarter 404.4m)
Debt / EBITDA = 1.27 (Net Debt 741.5m / EBITDA 584.1m)
Debt / FCF = 2.39 (Net Debt 741.5m / FCF TTM 310.7m)
Total Stockholder Equity = 430.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.49% (Net Income 123.8m / Total Assets 2.82b)
RoE = 28.74% (Net Income TTM 123.8m / Total Stockholder Equity 430.8m)
RoCE = 18.35% (EBIT 254.8m / Capital Employed (Equity 430.8m + L.T.Debt 957.9m))
RoIC = 27.99% (NOPAT 178.6m / Invested Capital 638.2m)
WACC = 5.23% (E(2.14b)/V(2.95b) * Re(6.94%) + D(806.3m)/V(2.95b) * Rd(0.99%) * (1-Tc(0.30)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.13%
[DCF Debug] Terminal Value 86.76% ; FCFF base≈333.1m ; Y1≈348.1m ; Y5≈402.7m
Fair Price DCF = 200.7 (EV 11.95b - Net Debt 741.5m = Equity 11.21b / Shares 55.8m; r=5.90% [WACC]; 5y FCF grow 4.84% → 2.90% )
EPS Correlation: -14.52 | EPS CAGR: -27.60% | SUE: -0.71 | # QB: 0
Revenue Correlation: 44.45 | Revenue CAGR: -1.85% | SUE: -0.05 | # QB: 0
EPS next Year (2026-12-31): EPS=3.31 | Chg30d=-0.260 | Revisions Net=-5 | Growth EPS=+21.6% | Growth Revenue=+5.9%