(VOE) Voestalpine - VI
Sector: Basic Materials | Industry: Steel | Exchange: VI (Austria) | Market Cap: 7.955m EUR | Total Return: 23.7% in 12m
Avg Turnover: 12.3M
Qual. Beats: 1
Rev. Trend: -98.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Voestalpine AG is an Austrian-based steel and technology group specializing in the production, processing, and distribution of high-quality steel products. The company operates through four primary industrial divisions: Steel, High Performance Metals, Metal Engineering, and Metal Forming. Its product portfolio ranges from hot-rolled steel strips and heavy plates to specialized rail infrastructure, seamless tubes, and precision components for the automotive and aerospace sectors.
The business model focuses on a high-value-added strategy, transitioning from a traditional volume-based steel producer to a technology-driven materials specialist. This approach is common among European steelmakers aiming to offset high energy and labor costs by targeting niche markets like high-alloy tool steels and digital rail monitoring systems. The global steel sector is currently undergoing a significant shift toward green steel production, requiring substantial capital expenditure in hydrogen-based reduction and electric arc furnace technologies.
Investors can further examine the companys financial health and valuation metrics on ValueRay.
Headquartered in Linz, Voestalpine serves a diverse global client base across the energy, construction, and mechanical engineering industries. By integrating specialized services such as heat treatment and component processing, the company maintains a vertically integrated supply chain that supports critical infrastructure and high-tech manufacturing applications.
- European automotive production slowdown reduces demand for high-end steel components
- Energy sector capital expenditure shifts impact high performance metal margins
- Decarbonization costs rise as green steel transition requires significant investment
- Global railway infrastructure spending drives metal engineering segment revenue growth
| Net Income: 424.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.50 > 1.0 |
| NWC/Revenue: 13.11% < 20% (prev 14.73%; Δ -1.62% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.54b > Net Income 424.7m |
| Net Debt (-796.3m) to EBITDA (1.46b): -0.55 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 20.02% > 18% (prev 18.03%; Δ 1.99% > 0.5%) |
| Asset Turnover: 94.93% > 50% (prev 100.1%; Δ -5.13% > 0%) |
| Interest Coverage Ratio: 3.68 > 6 (EBIT TTM 708.9m / Interest Expense TTM 192.6m) |
| A: 0.12 (Total Current Assets 7.62b - Total Current Liabilities 5.65b) / Total Assets 16.0b |
| B: 0.44 (Retained Earnings 7.01b / Total Assets 16.0b) |
| C: 0.04 (EBIT TTM 708.9m / Avg Total Assets 15.9b) |
| D: 0.92 (Book Value of Equity 7.58b / Total Liabilities 8.20b) |
| Altman-Z'' = 3.51 = A |
| DSRI: 1.07 (Receivables 969.5m/942.9m, Revenue 15.1b/15.7b) |
| GMI: 0.90 (GM 18.03% / 20.02%) |
| AQI: 1.00 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 0.96 (Revenue 15.1b / 15.7b) |
| TATA: -0.07 (NI 424.7m - CFO 1.54b) / TA 16.0b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at EUR 44.80 with a total of 275,673 shares traded.
Over the past week, the price has changed by -0.50%,
over one month by +2.11%,
over three months by +7.35% and
over the past year by +23.69%.
Voestalpine has no consensus analysts rating.
P/E Trailing = 19.0164
P/E Forward = 10.2041
P/S = 0.5281
P/B = 1.0662
P/EG = 5.878
Revenue TTM = 15.1b EUR
EBIT TTM = 708.9m EUR
EBITDA TTM = 1.46b EUR
Long Term Debt = 1.27b EUR (from longTermDebt, last quarter)
Short Term Debt = 841.6m EUR (from shortLongTermDebt, last quarter)
Debt = 299.7m EUR (Leases only: 299.7m)
Net Debt = -796.3m EUR (calculated: Debt 299.7m - CCE 1.10b)
Enterprise Value = 7.16b EUR (7.96b + Debt 299.7m - CCE 1.10b)
Interest Coverage Ratio = 3.68 (Ebit TTM 708.9m / Interest Expense TTM 192.6m)
EV/FCF = 12.86x (Enterprise Value 7.16b / FCF TTM 556.7m)
FCF Yield = 7.78% (FCF TTM 556.7m / Enterprise Value 7.16b)
FCF Margin = 3.70% (FCF TTM 556.7m / Revenue TTM 15.1b)
Net Margin = 2.82% (Net Income TTM 424.7m / Revenue TTM 15.1b)
Gross Margin = 20.02% ((Revenue TTM 15.1b - Cost of Revenue TTM 12.0b) / Revenue TTM)
Gross Margin QoQ = 21.01% (prev 20.34%)
Tobins Q-Ratio = 0.45 (Enterprise Value 7.16b / Total Assets 16.0b)
Interest Expense / Debt = 64.26% (Interest Expense 192.6m / Debt 299.7m)
Taxrate = 27.67% (162.3m / 586.6m)
NOPAT = 512.8m (EBIT 708.9m * (1 - 27.67%))
Current Ratio = 1.35 (Total Current Assets 7.62b / Total Current Liabilities 5.65b)
Debt / Equity = 0.04 (Debt 299.7m / totalStockholderEquity, last quarter 7.58b)
Debt / EBITDA = -0.55 (Net Debt -796.3m / EBITDA 1.46b)
Debt / FCF = -1.43 (Net Debt -796.3m / FCF TTM 556.7m)
Total Stockholder Equity = 7.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.68% (Net Income 424.7m / Total Assets 16.0b)
RoE = 5.75% (Net Income TTM 424.7m / Total Stockholder Equity 7.39b)
RoCE = 8.19% (EBIT 708.9m / Capital Employed (Equity 7.39b + L.T.Debt 1.27b))
RoIC = 5.34% (NOPAT 512.8m / Invested Capital 9.60b)
WACC = 7.75% (E(7.96b)/V(8.26b) * Re(8.04%) + (debt cost/tax rate unavailable))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.19 | Cagr: -1.78%
[DCF] Terminal Value 77.97% ; FCFF base≈458.8m ; Y1≈525.9m ; Y5≈774.0m
[DCF] Fair Price = 72.58 (EV 11.6b - Net Debt -796.3m = Equity 12.4b / Shares 171.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.36 | # QB: 1
Revenue Correlation: -98.62 | Revenue CAGR: -6.10% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.07 | Chg30d=+20.10% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.57 | Chg30d=-8.98% | Revisions=-20% | Analysts=2
EPS current Year (2027-03-31): EPS=3.78 | Chg30d=+2.60% | Revisions=-25% | GrowthEPS=+54.8% | GrowthRev=+3.2%
EPS next Year (2028-03-31): EPS=4.72 | Chg30d=+7.86% | Revisions=-14% | GrowthEPS=+24.9% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -25%