(SZG) Salzgitter - Overview

Sector: Basic Materials | Industry: Steel | Exchange: XETRA (Germany) | Market Cap: 1.614m EUR | Total Return: 56.8% in 12m

Stock Steel, Tubes, Machinery, Trading
Total Rating 53
Risk 87
Buy Signal -0.49
Steel -6.8
Steel -2.5
Market Cap: 1,862m
Avg Trading Vol: 8.83M EUR
ATR: 7.66%
Peers RS (IBD): 66.1
Risk 5d forecast
Volatility61.0%
Rel. Tail Risk-15.8%
Reward TTM
Sharpe Ratio0.86
Alpha30.76
Character TTM
Beta0.868
Beta Downside0.970
Drawdowns 3y
Max DD62.56%
CAGR/Max DD0.03
EPS (Earnings per Share) EPS (Earnings per Share) of SZG over the last years for every Quarter: "2021-03": 1.38, "2021-06": 4.2, "2021-09": 4.36, "2021-12": 2.19, "2022-03": 6.8, "2022-06": 7.59, "2022-09": 3.01, "2022-12": 2.5921, "2023-03": 2.57, "2023-06": 0.92, "2023-09": 0.02, "2023-12": 0.1445, "2024-03": 0.24, "2024-06": -0.27, "2024-09": -3.34, "2024-12": 4.36, "2025-03": -0.4756, "2025-06": -1.02, "2025-09": 0.75, "2025-12": null,
EPS CAGR: -24.86%
EPS Trend: -66.8%
Last SUE: 0.35
Qual. Beats: 0
Revenue Revenue of SZG over the last years for every Quarter: 2021-03: 2094.1, 2021-06: 2341.4, 2021-09: 2566.2, 2021-12: 2765.7, 2022-03: 3349.9, 2022-06: 3286.7, 2022-09: 3128.8, 2022-12: 2788, 2023-03: 2982.5, 2023-06: 2853.2, 2023-09: 2570, 2023-12: 2384.8, 2024-03: 2677.9, 2024-06: 2565.3, 2024-09: 2484.1, 2024-12: 2284.4, 2025-03: 2329.5, 2025-06: 2335.2, 2025-09: 2200.5, 2025-12: 2116.1,
Rev. CAGR: -11.53%
Rev. Trend: -95.1%
Last SUE: -0.14
Qual. Beats: 0
Risks
Technicals: volatile
Description: SZG Salzgitter March 05, 2026

Salzgitter AG is a German industrial company, established in 1858, with global operations in steel and technology.

Its core business, Steel Production, generates various steel products including hot-rolled wide strip and steel sheet. The Steel Processing segment focuses on high-grade heavy plates and specialized tubes like line pipes. These segments operate in the cyclical steel industry, which is sensitive to raw material costs and global demand.

The Trading segment manages a worldwide sales and distribution network for steel products. The Technology segment provides machinery for beverage filling and packaging, and specialized engineering for shoe manufacturing, indicating diversification beyond primary steel production.

Salzgitter AG also offers support services such as IT, logistics, and research and development. To learn more about SZGs financial performance and valuation, consider exploring further research on ValueRay.

Headlines to Watch Out For
  • Global steel demand impacts production volume and pricing
  • Raw material costs, especially iron ore and coking coal, affect profitability
  • Energy prices directly influence steel production expenses
  • Automotive and construction sector health drives steel processing orders
  • International trade policies and tariffs create market volatility
Piotroski VR‑10 (Strict, 0-10) 3.5
Net Income: -74.2m TTM > 0 and > 6% of Revenue
FCF/TA: -0.06 > 0.02 and ΔFCF/TA -0.06 > 1.0
NWC/Revenue: 32.08% < 20% (prev 18.08%; Δ 14.00% < -1%)
CFO/TA 0.04 > 3% & CFO 455.4m > Net Income -74.2m
Net Debt (1.16b) to EBITDA (317.0m): 3.66 < 3
Current Ratio: 2.17 > 1.5 & < 3
Outstanding Shares: last quarter (54.1m) vs 12m ago 0.0% < -2%
Gross Margin: 28.35% > 18% (prev 0.26%; Δ 2.81k% > 0.5%)
Asset Turnover: 85.76% > 50% (prev 95.67%; Δ -9.91% > 0%)
Interest Coverage Ratio: -0.01 > 6 (EBITDA TTM 317.0m / Interest Expense TTM 130.3m)
Altman Z'' 3.95
A: 0.27 (Total Current Assets 5.34b - Total Current Liabilities 2.45b) / Total Assets 10.48b
B: 0.42 (Retained Earnings 4.36b / Total Assets 10.48b)
C: -0.00 (EBIT TTM -800k / Avg Total Assets 10.47b)
D: 0.75 (Book Value of Equity 4.54b / Total Liabilities 6.05b)
Altman-Z'' Score: 3.95 = AA
Beneish M -3.16
DSRI: 1.09 (Receivables 1.45b/1.49b, Revenue 8.98b/10.01b)
GMI: 0.91 (GM 28.35% / 25.82%)
AQI: 1.00 (AQ_t 0.22 / AQ_t-1 0.22)
SGI: 0.90 (Revenue 8.98b / 10.01b)
TATA: -0.05 (NI -74.2m - CFO 455.4m) / TA 10.48b)
Beneish M-Score: -3.16 (Cap -4..+1) = AA
What is the price of SZG shares? As of April 01, 2026, the stock is trading at EUR 36.50 with a total of 346,306 shares traded.
Over the past week, the price has changed by -2.09%, over one month by -30.74%, over three months by -18.45% and over the past year by +56.82%.
Is SZG a buy, sell or hold? Salzgitter has no consensus analysts rating.
What are the forecasts/targets for the SZG price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 27.2 -25.4%
Analysts Target Price - -
SZG Fundamental Data Overview March 29, 2026
Market Cap USD = 1.86b (1.61b EUR * 1.1537 EUR.USD)
P/E Forward = 4.2141
P/S = 0.2116
P/B = 0.4376
P/EG = 0.8262
Revenue TTM = 8.98b EUR
EBIT TTM = -800k EUR
EBITDA TTM = 317.0m EUR
Long Term Debt = 629.5m EUR (from longTermDebt, two quarters ago)
Short Term Debt = 283.3m EUR (from shortTermDebt, last quarter)
Debt = 2.22b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.16b EUR (from netDebt column, last quarter)
Enterprise Value = 2.77b EUR (1.61b + Debt 2.22b - CCE 1.06b)
Interest Coverage Ratio = -0.01 (Ebit TTM -800k / Interest Expense TTM 130.3m)
EV/FCF = -4.51x (Enterprise Value 2.77b / FCF TTM -614.9m)
FCF Yield = -22.19% (FCF TTM -614.9m / Enterprise Value 2.77b)
FCF Margin = -6.85% (FCF TTM -614.9m / Revenue TTM 8.98b)
Net Margin = -0.83% (Net Income TTM -74.2m / Revenue TTM 8.98b)
Gross Margin = 28.35% ((Revenue TTM 8.98b - Cost of Revenue TTM 6.44b) / Revenue TTM)
Gross Margin QoQ = 8.65% (prev 36.40%)
Tobins Q-Ratio = 0.26 (Enterprise Value 2.77b / Total Assets 10.48b)
Interest Expense / Debt = 1.54% (Interest Expense 34.2m / Debt 2.22b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -600k (EBIT -800k * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 2.17 (Total Current Assets 5.34b / Total Current Liabilities 2.45b)
Debt / Equity = 0.50 (Debt 2.22b / totalStockholderEquity, last quarter 4.43b)
Debt / EBITDA = 3.66 (Net Debt 1.16b / EBITDA 317.0m)
 Debt / FCF = -1.89 (negative FCF - burning cash) (Net Debt 1.16b / FCF TTM -614.9m)
 Total Stockholder Equity = 4.41b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.71% (Net Income -74.2m / Total Assets 10.48b)
RoE = -1.68% (Net Income TTM -74.2m / Total Stockholder Equity 4.41b)
RoCE = -0.02% (EBIT -800k / Capital Employed (Equity 4.41b + L.T.Debt 629.5m))
 RoIC = -0.01% (negative operating profit) (NOPAT -600k / Invested Capital 4.40b)
 WACC = 4.47% (E(1.61b)/V(3.84b) * Re(9.04%) + D(2.22b)/V(3.84b) * Rd(1.54%) * (1-Tc(0.25)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
 [DCF] Fair Price = unknown (Cash Flow -614.9m)
 EPS Correlation: -66.78 | EPS CAGR: -24.86% | SUE: 0.35 | # QB: 0
Revenue Correlation: -95.10 | Revenue CAGR: -11.53% | SUE: -0.14 | # QB: 0
EPS next Year (2026-12-31): EPS=2.38 | Chg7d=+0.116 | Chg30d=+0.175 | Revisions Net=+2 | Growth EPS=+249.9% | Growth Revenue=+7.4%
Additional Sources for SZG Stock Fund Manager Positions: Dataroma · Stockcircle