(SZG) Salzgitter - Overview
Stock: Steel, Heavy Plates, Tubes, Packaging Machinery, Components
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.93% |
| Yield on Cost 5y | 0.99% |
| Yield CAGR 5y | -35.63% |
| Payout Consistency | 73.5% |
| Payout Ratio | 5.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 46.3% |
| Relative Tail Risk | -17.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.76 |
| Alpha | 147.78 |
| Character TTM | |
|---|---|
| Beta | 0.337 |
| Beta Downside | 0.533 |
| Drawdowns 3y | |
|---|---|
| Max DD | 66.47% |
| CAGR/Max DD | 0.13 |
Description: SZG Salzgitter January 18, 2026
Salzgitter AG (XETRA:SZG) is a German-based, vertically integrated steel and technology group founded in 1858, operating worldwide through four core segments: Steel Production, Steel Processing, Trading, and Technology.
The Steel Production segment manufactures hot-rolled wide strip, steel sheet, sections, tailored blanks, and conducts scrap trading, while the Steel Processing segment focuses on high-grade heavy plates, line pipes, HFI-welded tubes, and precision/stainless-steel tubes. The Trading segment runs a pan-European sales network and global trading entities, and the Technology segment supplies beverage-filling and packaging machinery, specialized equipment for shoe manufacturing and elastomer production, plus ancillary services such as IT, logistics, automotive engineering, and R&D.
Key recent metrics (FY 2023) include ~6.5 Mt of crude steel output, an EBIT margin of 5.2 % and net debt of €1.3 bn, reflecting the impact of rising EU carbon-pricing (≈€120/t CO₂) and a 12 % YoY increase in steel prices driven by construction and automotive demand. The company’s diversification into high-margin technology solutions helped offset cyclical pressure in the core steel business, with the Technology segment contributing €210 m in revenue, a 9 % YoY growth.
For a deeper, data-driven assessment of Salzgitter’s valuation dynamics, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: -200.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 3.52 > 1.0 |
| NWC/Revenue: 18.80% < 20% (prev 22.37%; Δ -3.57% < -1%) |
| CFO/TA 0.08 > 3% & CFO 817.5m > Net Income -200.2m |
| Net Debt (971.9m) to EBITDA (393.3m): 2.47 < 3 |
| Current Ratio: 1.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.3m) vs 12m ago 0.53% < -2% |
| Gross Margin: 33.30% > 18% (prev 0.20%; Δ 3310 % > 0.5%) |
| Asset Turnover: 86.67% > 50% (prev 96.00%; Δ -9.33% > 0%) |
| Interest Coverage Ratio: -0.67 > 6 (EBITDA TTM 393.3m / Interest Expense TTM 136.3m) |
Altman Z'' 3.11
| A: 0.16 (Total Current Assets 5.36b - Total Current Liabilities 3.64b) / Total Assets 10.58b |
| B: 0.41 (Retained Earnings 4.33b / Total Assets 10.58b) |
| C: -0.01 (EBIT TTM -91.4m / Avg Total Assets 10.56b) |
| D: 0.73 (Book Value of Equity 4.49b / Total Liabilities 6.16b) |
| Altman-Z'' Score: 3.11 = A |
Beneish M -3.51
| DSRI: 0.99 (Receivables 1.85b/2.06b, Revenue 9.15b/10.11b) |
| GMI: 0.61 (GM 33.30% / 20.34%) |
| AQI: 1.07 (AQ_t 0.22 / AQ_t-1 0.21) |
| SGI: 0.90 (Revenue 9.15b / 10.11b) |
| TATA: -0.10 (NI -200.2m - CFO 817.5m) / TA 10.58b) |
| Beneish M-Score: -3.51 (Cap -4..+1) = AAA |
What is the price of SZG shares?
Over the past week, the price has changed by -8.91%, over one month by +13.10%, over three months by +58.30% and over the past year by +156.86%.
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 | -40% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 53.5 | 17.9% |
SZG Fundamental Data Overview January 26, 2026
P/E Forward = 3.2268
P/S = 0.2946
P/B = 0.6106
Revenue TTM = 9.15b EUR
EBIT TTM = -91.4m EUR
EBITDA TTM = 393.3m EUR
Long Term Debt = 629.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 1.24b EUR (from shortTermDebt, last quarter)
Debt = 1.87b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 971.9m EUR (from netDebt column, last quarter)
Enterprise Value = 2.59b EUR (1.61b + Debt 1.87b - CCE 900.7m)
Interest Coverage Ratio = -0.67 (Ebit TTM -91.4m / Interest Expense TTM 136.3m)
EV/FCF = -7.68x (Enterprise Value 2.59b / FCF TTM -336.7m)
FCF Yield = -13.02% (FCF TTM -336.7m / Enterprise Value 2.59b)
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 = 0.24 (Enterprise Value 2.59b / Total Assets 10.58b)
Interest Expense / Debt = 1.67% (Interest Expense 31.3m / Debt 1.87b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -68.5m (EBIT -91.4m * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 1.47 (Total Current Assets 5.36b / Total Current Liabilities 3.64b)
Debt / Equity = 0.42 (Debt 1.87b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 2.47 (Net Debt 971.9m / EBITDA 393.3m)
Debt / FCF = -2.89 (negative FCF - burning cash) (Net Debt 971.9m / FCF TTM -336.7m)
Total Stockholder Equity = 4.41b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.90% (Net Income -200.2m / Total Assets 10.58b)
RoE = -4.54% (Net Income TTM -200.2m / Total Stockholder Equity 4.41b)
RoCE = -1.81% (EBIT -91.4m / Capital Employed (Equity 4.41b + L.T.Debt 629.5m))
RoIC = -1.43% (negative operating profit) (NOPAT -68.5m / Invested Capital 4.81b)
WACC = 3.99% (E(1.61b)/V(3.49b) * Re(7.16%) + D(1.87b)/V(3.49b) * Rd(1.67%) * (1-Tc(0.25)))
Discount Rate = 7.16% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.17%
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%