SZG Stock Analysis: Salzgitter | XETRA
Steel | XETRA, Germany | Market Cap: 2.786m EUR | 12M Return: 120.5% | DE0006202005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.12M
Qual. Beats: 0
Rev. Trend: -98.8%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Salzgitter AG is a Germany-based, XETRA-listed steel and technology group operating four segments: Steel Production (hot-rolled wide strip, steel sheet, sections, tailored blanks, and scrap trading), Steel Processing (heavy plate, line pipes, HFI-welded tubes, and precision tubes), Trading (a European sales network supplemented by worldwide trading companies and agencies), and Technology (machinery and plants for beverage filling/packaging, special machinery engineering for elastomer production, plus IT, facility management, logistics, automotive engineering, and R&D services). Founded in 1858 and headquartered in Salzgitter, Germany, the company is classified within the Materials sector under the Steel sub-industry.
The European steel industry is highly cyclical and capital-intensive, with margins sensitive to raw material costs (notably iron ore and scrap), energy prices, and global capacity utilization. Salzgitter ranks among the larger integrated steel producers in Europe, supplying automotive, construction, and energy tubulars customers, while its Technology segment provides diversification into industrial machinery and services outside the core steel value chain.
- EU green steel subsidies accelerate Salcos hydrogen project milestones
- Hot-rolled coil prices weaken on soft European automotive demand
- Carbon border tariffs reshape European steel import competition
| Net Income: 57.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -0.14 > 1.0 |
| NWC/Revenue: 26.82% < 20% (prev 19.29%; Δ 7.52% < -1%) |
| CFO/TA 0.04 > 3% & CFO 407.7m > Net Income 57.1m |
| Net Debt (1.29b) to EBITDA (419.8m): 3.07 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.0m) vs 12m ago 1.79% < -2% |
| Gross Margin: 17.46% > 18% (prev 32.38%; Δ -14.93% > 0.5%) |
| Asset Turnover: 84.15% > 50% (prev 91.50%; Δ -7.36% > 0%) |
| Interest Coverage Ratio: 0.84 > 6 (EBIT TTM 108.9m / Interest Expense TTM 129.5m) |
| A: 0.22 (Total Current Assets 5.59b - Total Current Liabilities 3.21b) / Total Assets 10.9b |
| B: 0.41 (Retained Earnings 4.40b / Total Assets 10.9b) |
| C: 0.01 (EBIT TTM 108.9m / Avg Total Assets 10.6b) |
| D: 0.72 (Book Value of Equity 4.54b / Total Liabilities 6.31b) |
| Altman-Z'' = 3.59 = A |
| DSRI: 0.95 (Receivables 1.64b/1.83b, Revenue 8.90b/9.43b) |
| GMI: 1.86 (GM 32.38% / 17.46%) |
| AQI: 0.99 (AQ_t 0.23 / AQ_t-1 0.23) |
| SGI: 0.94 (Revenue 8.90b / 9.43b) |
| TATA: -0.03 (NI 57.1m - CFO 407.7m) / TA 10.9b) |
| Beneish M = -2.34 (Cap -4..+1) = BBB |
As of August 21, 2026, the stock is trading at EUR 48.76 with a total of 268,033 shares traded. Over the past week, the price has changed by -5.78%, over one month by -12.54%, over three months by -13.82% and over the past year by +120.51%.
Current recommended Stop Loss: 41.40 (which is 15.1% or 2.7 ATR below the current price).
Salzgitter has no consensus analysts rating.
P/E Trailing = 49.0476
P/E Forward = 4.2141
P/S = 0.318
P/B = 0.6169
P/EG = 0.8262
Revenue TTM = 8.90b EUR
EBIT TTM = 108.9m EUR
EBITDA TTM = 419.8m EUR
Long Term Debt = 1.01b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 985.0m EUR (from shortTermDebt, last quarter)
Debt = 2.49b EUR (from shortLongTermDebtTotal, last quarter) + Leases 157.2m
Net Debt = 1.29b EUR (calculated: Debt 2.49b - CCE 1.20b)
Enterprise Value = 4.07b EUR (2.79b + Debt 2.49b - CCE 1.20b)
Interest Coverage Ratio = 0.84 (Ebit TTM 108.9m / Interest Expense TTM 129.5m)
EV/FCF = -7.37x (Enterprise Value 4.07b / FCF TTM -553.2m)
FCF Yield = -13.58% (FCF TTM -553.2m / Enterprise Value 4.07b)
FCF Margin = -6.21% (FCF TTM -553.2m / Revenue TTM 8.90b)
Net Margin = 0.64% (Net Income TTM 57.1m / Revenue TTM 8.90b)
Gross Margin = 17.46% ((Revenue TTM 8.90b - Cost of Revenue TTM 7.35b) / Revenue TTM)
Gross Margin QoQ = 13.00% (prev 11.90%)
Tobins Q-Ratio = 0.38 (Enterprise Value 4.07b / Total Assets 10.9b)
Interest Expense / Debt = 5.20% (Interest Expense 129.5m / Debt 2.49b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 81.7m (EBIT 108.9m * (1 - 25.00%))
Current Ratio = 1.74 (Total Current Assets 5.59b / Total Current Liabilities 3.21b)
Debt / Equity = 0.55 (Debt 2.49b / totalStockholderEquity, last quarter 4.54b)
Debt / EBITDA = 3.07 (Net Debt 1.29b / EBITDA 419.8m)
Debt / FCF = -2.33 (negative FCF - burning cash) (Net Debt 1.29b / FCF TTM -553.2m)
Total Stockholder Equity = 4.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.54% (Net Income 57.1m / Total Assets 10.9b)
RoE = 1.27% (Net Income TTM 57.1m / Total Stockholder Equity 4.48b)
RoCE = 1.98% (EBIT 108.9m / Capital Employed (Equity 4.48b + L.T.Debt 1.01b))
RoIC = 1.00% (NOPAT 81.7m / Invested Capital 8.19b)
WACC = 8.08% (E(2.79b)/V(5.28b) * Re(11.82%) + D(2.49b)/V(5.28b) * Rd(5.20%) * (1-Tc(0.25)))
Discount Rate = 11.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.52 | Cagr: 1.02%
[DCF] Fair Price = unknown (Cash Flow -553.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.02 | # QB: 0
Revenue Correlation: -98.76 | Revenue CAGR: -8.08% | SUE: -4.0 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=+1.41% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=5.77 | Chg30d=+15.39% | Revisions=-17% | GrowthEPS=+612.6% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=7.44 | Chg30d=-0.79% | Revisions=+50% | GrowthEPS=+28.9% | GrowthRev=+11.9%
[Analyst] Revisions Ratio: +22% (up=4, down=2)