VOE Stock Analysis: Voestalpine | VI
Steel | VI, Austria | Market Cap: 7.647m EUR | 12M Return: 35.2% | AT0000937503 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.75M
Qual. Beats: 0
Rev. Trend: -98.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 Austria-based steel and technology products manufacturer that operates through five divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Holding & Group Services. The Steel Division produces hot and cold-rolled steel strips, heavy plates, and foundry products, while High Performance Metals focuses on specialty alloys for the oil and gas, aerospace, and energy sectors. Metal Engineering supplies rails, seamless tubes, and welding consumables, and Metal Forming produces precision components for automotive, commercial vehicle, construction, energy, and agricultural machinery customers. The company is headquartered in Linz, Austria, and serves markets across the European Union and internationally.
The steel sector is cyclical and closely tied to demand from automotive, construction, and infrastructure end-markets, with European producers facing structural challenges from global overcapacity, energy cost differentials, and the ongoing transition toward low-carbon steelmaking technologies.
- European auto demand slump pressures Metal Forming revenue
- Green steel transition capex weighs on margins
- EU CBAM regulation strengthens European steel pricing power
| 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 (1.66b): -0.34 < 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: 4.92 > 6 (EBIT TTM 911.8m / 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: 0.06 (EBIT TTM 911.8m / Avg Total Assets 15.7b) |
| D: 1.00 (Book Value of Equity 7.81b / Total Liabilities 7.83b) |
| Altman-Z'' = 3.74 = 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 October 12, 2026, the stock is trading at EUR 44.56 with a total of 251,779 shares traded. Over the past week, the price has changed by +0.54%, over one month by -1.20%, over three months by +9.22% and over the past year by +35.22%.
Current recommended Stop Loss: 42.70 (which is 4.2% or 1.3 ATR below the current price).
Voestalpine has no consensus analysts rating.
P/E Trailing = 15.0676
P/E Forward = 10.2041
P/S = 0.5045
P/B = 0.9967
P/EG = 5.878
Revenue TTM = 15.2b EUR
EBIT TTM = 911.8m EUR
EBITDA TTM = 1.66b 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 = 7.08b EUR (7.65b + Debt 299.7m - CCE 865.8m)
Interest Coverage Ratio = 4.92 (Ebit TTM 911.8m / Interest Expense TTM 185.3m)
EV/FCF = 16.04x (Enterprise Value 7.08b / FCF TTM 441.3m)
FCF Yield = 6.23% (FCF TTM 441.3m / Enterprise Value 7.08b)
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 = 0.45 (Enterprise Value 7.08b / Total Assets 15.9b)
Interest Expense / Debt = 61.83% (Interest Expense 185.3m / Debt 299.7m)
Taxrate = 29.22% (212.3m / 726.5m)
NOPAT = 645.4m (EBIT 911.8m * (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 = -0.34 (Net Debt -566.1m / EBITDA 1.66b)
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 = 10.37% (EBIT 911.8m / Capital Employed (Equity 7.52b + L.T.Debt 1.27b))
RoIC = 6.57% (NOPAT 645.4m / Invested Capital 9.83b)
WACC = 8.16% (E(7.65b)/V(7.95b) * Re(8.48%) + (debt cost/tax rate unavailable))
Discount Rate = 8.48% (= 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 (2026-12-31): EPS=0.70 | Chg30d=-4.93% | Revisions=-25% | Analysts=1
EPS current Year (2027-03-31): EPS=3.71 | Chg30d=-0.44% | Revisions=-17% | GrowthEPS=+52.2% | GrowthRev=+4.7%
EPS next Year (2028-03-31): EPS=5.03 | Chg30d=-0.12% | Revisions=+17% | GrowthEPS=+35.6% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -10% (up=3, down=4)