VOE Stock Analysis: Voestalpine | VI
Steel | VI, Austria | Market Cap: 7.506m EUR | 12M Return: 63.7% | AT0000937503 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.04M
Qual. Beats: 0
Rev. Trend: -98.0%
Qual. Beats: 0
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.
Voestalpine AG is an Austrian steel and technology group structured around four industrial divisions-Steel, High Performance Metals, Metal Engineering, and Metal Forming-plus a Holding & Group Services segment. Its Steel division produces hot- and cold-rolled steel strips, electrogalvanized and hot-dip galvanized products, organically coated strips, heavy plates, and foundry items including turbine casings for the energy sector. The High Performance Metals division supplies specialty tool steels, high-speed steels, and nickel-base and titanium alloys to the oil and gas, aerospace, and energy engineering industries, complemented by tool manufacturing, heat treatment, coating, warehousing, and distribution services. Metal Engineering offers wire rods, drawn wires, seamless tubes, welding consumables, railway rails, and digital rail-monitoring systems. Metal Forming produces refined special sections, precision strip steel, pre-finished pressed and roll-profiled components, and storage-system solutions, with strong ties to automotive supply chains as well as commercial vehicles, construction, energy, and agricultural machinery.
Headquartered in Linz, Austria, Voestalpine serves end-markets spanning automotive, energy, railway systems, construction, mechanical engineering, white goods/consumer goods, and aerospace. It is Austrias largest steelmaker and one of Europes leading specialty steel producers, a position that links its results to the cyclicality of European industrial demand and automotive production volumes. Diversification across high-alloy materials, rail infrastructure, and automotive components partly moderates exposure to commodity-grade steel pricing.
- European steel demand weakness pressures Steel Division margins
- Automotive EV transition reshapes Metal Forming segment orders
- Green steel hydrogen investment weighs on capex and returns
- EU CBAM carbon regulation could lift low-carbon steel premiums
| Net Income: 518.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.52 > 1.0 |
| NWC/Revenue: 14.27% < 20% (prev 12.65%; Δ 1.63% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.44b > Net Income 518.7m |
| Net Debt (-566.1m) to EBITDA (1.59b): -0.36 < 3 |
| Current Ratio: 1.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 20.48% > 18% (prev 17.80%; Δ 2.67% > 0.5%) |
| Asset Turnover: 96.49% > 50% (prev 99.65%; Δ -3.17% > 0%) |
| Interest Coverage Ratio: 4.56 > 6 (EBIT TTM 845.3m / Interest Expense TTM 185.3m) |
| A: 0.14 (Total Current Assets 7.44b - Total Current Liabilities 5.28b) / Total Assets 15.9b |
| B: 0.43 (Retained Earnings 6.83b / Total Assets 15.9b) |
| C: 0.05 (EBIT TTM 845.3m / Avg Total Assets 15.7b) |
| D: 1.00 (Book Value of Equity 7.81b / Total Liabilities 7.83b) |
| Altman-Z'' = 3.71 = AA |
| DSRI: 1.13 (Receivables 1.87b/1.69b, Revenue 15.2b/15.5b) |
| GMI: 0.87 (GM 17.80% / 20.48%) |
| AQI: 1.01 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 0.98 (Revenue 15.2b / 15.5b) |
| TATA: -0.06 (NI 518.7m - CFO 1.44b) / TA 15.9b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of August 27, 2026, the stock is trading at EUR 45.88 with a total of 239,633 shares traded. Over the past week, the price has changed by +2.73%, over one month by +2.37%, over three months by -1.13% and over the past year by +63.72%.
Current recommended Stop Loss: 42.50 (which is 7.4% or 2.3 ATR below the current price).
Voestalpine has no consensus analysts rating.
P/E Trailing = 14.7905
P/E Forward = 10.2041
P/S = 0.4953
P/B = 0.9432
P/EG = 5.878
Revenue TTM = 15.2b EUR
EBIT TTM = 845.3m EUR
EBITDA TTM = 1.59b EUR
Long Term Debt = 1.27b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 841.6m EUR (from shortLongTermDebt, last fiscal year)
Debt = 299.7m EUR (Leases only: 299.7m)
Net Debt = -566.1m EUR (calculated: Debt 299.7m - CCE 865.8m)
Enterprise Value = 6.94b EUR (7.51b + Debt 299.7m - CCE 865.8m)
Interest Coverage Ratio = 4.56 (Ebit TTM 845.3m / Interest Expense TTM 185.3m)
EV/FCF = 15.73x (Enterprise Value 6.94b / FCF TTM 441.3m)
FCF Yield = 6.36% (FCF TTM 441.3m / Enterprise Value 6.94b)
FCF Margin = 2.91% (FCF TTM 441.3m / Revenue TTM 15.2b)
Net Margin = 3.42% (Net Income TTM 518.7m / Revenue TTM 15.2b)
Gross Margin = 20.48% ((Revenue TTM 15.2b - Cost of Revenue TTM 12.1b) / Revenue TTM)
Gross Margin QoQ = 20.50% (prev 21.01%)
Tobins Q-Ratio = 0.44 (Enterprise Value 6.94b / Total Assets 15.9b)
Interest Expense / Debt = 61.83% (Interest Expense 185.3m / Debt 299.7m)
Taxrate = 29.22% (212.3m / 726.5m)
NOPAT = 598.3m (EBIT 845.3m * (1 - 29.22%))
Current Ratio = 1.41 (Total Current Assets 7.44b / Total Current Liabilities 5.28b)
Debt / Equity = 0.04 (Debt 299.7m / totalStockholderEquity, last quarter 7.81b)
Debt / EBITDA = -0.36 (Net Debt -566.1m / EBITDA 1.59b)
Debt / FCF = -1.28 (Net Debt -566.1m / FCF TTM 441.3m)
Total Stockholder Equity = 7.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.30% (Net Income 518.7m / Total Assets 15.9b)
RoE = 6.90% (Net Income TTM 518.7m / Total Stockholder Equity 7.52b)
RoCE = 9.61% (EBIT 845.3m / Capital Employed (Equity 7.52b + L.T.Debt 1.27b))
RoIC = 6.09% (NOPAT 598.3m / Invested Capital 9.83b)
WACC = 8.27% (E(7.51b)/V(7.81b) * Re(8.60%) + (debt cost/tax rate unavailable))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.66 | Cagr: -1.78%
[DCF] Terminal Value 73.25% ; FCFF base≈470.4m ; Y1≈416.0m ; Y5≈341.7m
[DCF] Fair Price = 35.23 (EV 5.47b - Net Debt -566.1m = Equity 6.04b / Shares 171.5m; r=8.35% [WACC [floored]]; 5y FCF grow -14.14% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.04 | # QB: 0
Revenue Correlation: -97.97 | Revenue CAGR: -5.21% | SUE: -0.38 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.60 | Chg30d=+5.61% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-12-31): EPS=0.73 | Chg30d=+2.85% | Revisions=-25% | Analysts=1
EPS current Year (2027-03-31): EPS=3.73 | Chg30d=+0.90% | Revisions=-12% | GrowthEPS=+52.9% | GrowthRev=+4.6%
EPS next Year (2028-03-31): EPS=5.04 | Chg30d=+0.33% | Revisions=-22% | GrowthEPS=+35.1% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -19% (up=5, down=8)