(SZG) Salzgitter - Ratings and Ratios
Steel Plate Pipe Packaging
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.50% |
| Yield on Cost 5y | 1.01% |
| Yield CAGR 5y | 22.47% |
| Payout Consistency | 74.6% |
| Payout Ratio | 5.5% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 46.7% |
| Value at Risk 5%th | 64.0% |
| Relative Tail Risk | -16.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.78 |
| Alpha | 152.04 |
| CAGR/Max DD | 0.16 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.545 |
| Beta | 0.341 |
| Beta Downside | 0.454 |
| Drawdowns 3y | |
|---|---|
| Max DD | 66.47% |
| Mean DD | 37.29% |
| Median DD | 39.59% |
Description: SZG Salzgitter November 15, 2025
Salzgitter AG (XETRA:SZG) is a German-based, vertically integrated steel group operating through four segments: Steel Production (hot-rolled wide strip, sheet, sections, tailored blanks, and scrap trading), Steel Processing (high-grade heavy plates, line pipes, HFI-welded and precision tubes), Trading (European sales network and global agencies), and Technology (machinery for beverage packaging, shoe manufacturing, elastomer production, plus IT, logistics, automotive engineering, and R&D services). Founded in 1858, the company combines traditional steelmaking with diversified engineering solutions.
Key recent metrics indicate a 2023 revenue of roughly €8.4 billion and an EBIT margin near 6 %, reflecting modest profitability in a price-sensitive industry. The firm’s steel capacity utilization hovered around 80 % in 2023, while the EU Emissions Trading System (ETS) carbon price, now above €80/t CO₂, adds a material cost pressure on its production. Demand drivers include a rebound in German construction activity (CPI-adjusted building permits up 12 % YoY) and the automotive sector’s shift toward higher-strength steel for lightweighting, whereas overcapacity in global steel-particularly from China-remains a downside risk.
For a deeper quantitative dive into SZG’s valuation metrics and scenario analysis, the ValueRay platform offers a transparent, data-rich toolkit worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (-200.2m TTM) > 0 and > 6% of Revenue (6% = 549.0m TTM) |
| FCFTA -0.03 (>2.0%) and ΔFCFTA 3.52pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 18.80% (prev 22.37%; Δ -3.57pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 898.5m > Net Income -200.2m (YES >=105%, WARN >=100%) |
| Net Debt (753.3m) to EBITDA (273.8m) ratio: 2.75 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.47 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (54.1m) change vs 12m ago 0.19% (target <= -2.0% for YES) |
| Gross Margin 33.30% (prev 20.34%; Δ 12.96pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 86.67% (prev 96.00%; Δ -9.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -0.98 (EBITDA TTM 273.8m / Interest Expense TTM 136.3m) >= 6 (WARN >= 3) |
Altman Z'' 3.10
| (A) 0.16 = (Total Current Assets 5.36b - Total Current Liabilities 3.64b) / Total Assets 10.58b |
| (B) 0.41 = Retained Earnings (Balance) 4.37b / Total Assets 10.58b |
| (C) -0.01 = EBIT TTM -133.8m / Avg Total Assets 10.56b |
| (D) 0.73 = Book Value of Equity 4.53b / Total Liabilities 6.17b |
| Total Rating: 3.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 26.30
| 1. Piotroski 4.50pt |
| 2. FCF Yield -13.64% |
| 3. FCF Margin -3.68% |
| 4. Debt/Equity 0.40 |
| 5. Debt/Ebitda 2.75 |
| 6. ROIC - WACC (= -5.70)% |
| 7. RoE -4.54% |
| 8. Rev. Trend -88.41% |
| 9. EPS Trend -66.78% |
What is the price of SZG shares?
Over the past week, the price has changed by +0.90%, over one month by +38.42%, over three months by +75.44% and over the past year by +153.96%.
Is SZG a buy, sell or hold?
What are the forecasts/targets for the SZG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 27.2 | -32.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 47.6 | 18.3% |
SZG Fundamental Data Overview December 09, 2025
Market Cap EUR = 1.61b (1.61b EUR * 1.0 EUR.EUR)
P/E Forward = 3.2268
P/S = 0.2222
P/B = 0.4606
Beta = 1.919
Revenue TTM = 9.15b EUR
EBIT TTM = -133.8m EUR
EBITDA TTM = 273.8m EUR
Long Term Debt = 629.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 1.29b EUR (from shortTermDebt, last fiscal year)
Debt = 1.76b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 753.3m EUR (from netDebt column, last fiscal year)
Enterprise Value = 2.47b EUR (1.61b + Debt 1.76b - CCE 900.7m)
Interest Coverage Ratio = -0.98 (Ebit TTM -133.8m / Interest Expense TTM 136.3m)
FCF Yield = -13.64% (FCF TTM -336.7m / Enterprise Value 2.47b)
FCF Margin = -3.68% (FCF TTM -336.7m / Revenue TTM 9.15b)
Net Margin = -2.19% (Net Income TTM -200.2m / Revenue TTM 9.15b)
Gross Margin = 33.30% ((Revenue TTM 9.15b - Cost of Revenue TTM 6.10b) / Revenue TTM)
Gross Margin QoQ = 36.40% (prev 33.71%)
Tobins Q-Ratio = 0.23 (Enterprise Value 2.47b / Total Assets 10.58b)
Interest Expense / Debt = 1.78% (Interest Expense 31.3m / Debt 1.76b)
Taxrate = -282.0% (out of range, set to none) (-31.3m / 11.1m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 1.47 (Total Current Assets 5.36b / Total Current Liabilities 3.64b)
Debt / Equity = 0.40 (Debt 1.76b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 2.75 (Net Debt 753.3m / EBITDA 273.8m)
Debt / FCF = -2.24 (negative FCF - burning cash) (Net Debt 753.3m / FCF TTM -336.7m)
Total Stockholder Equity = 4.41b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.89% (Net Income -200.2m / Total Assets 10.58b)
RoE = -4.54% (Net Income TTM -200.2m / Total Stockholder Equity 4.41b)
RoCE = -2.65% (EBIT -133.8m / Capital Employed (Equity 4.41b + L.T.Debt 629.5m))
RoIC = -2.21% (negative operating profit) (EBIT -133.8m / (Assets 10.58b - Curr.Liab 3.64b - Cash 900.7m))
WACC = 3.48% (E(1.61b)/V(3.37b) * Re(7.27%) + (debt cost/tax rate unavailable))
Discount Rate = 7.27% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow -336.7m)
EPS Correlation: -66.78 | EPS CAGR: -24.86% | SUE: 0.35 | # QB: 0
Revenue Correlation: -88.41 | Revenue CAGR: -5.91% | SUE: -0.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.52 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=2.38 | Chg30d=+0.175 | Revisions Net=+2 | Growth EPS=+249.9% | Growth Revenue=+7.4%