(8TRA) Traton SE - Overview
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: XETRA (Germany) | Market Cap: 15.950m EUR | Total Return: 8.8% in 12m
Avg Turnover: 4.82M
EPS Trend: -40.9%
Qual. Beats: 2
Rev. Trend: -54.5%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.70 < 1.0 - financial distress zone
Tailwinds
Confidence
Traton SE, headquartered in Munich and a subsidiary of the Volkswagen Group, is a global manufacturer of commercial vehicles. The company operates a multi-brand portfolio including Scania, MAN, International Motors, and Volkswagen Truck & Bus, covering segments from light-duty vans to heavy-duty trucks and school buses. Its business model integrates physical hardware production with a captive financial services arm that manages leasing, insurance, and fleet financing.
The company operates in the heavy transportation equipment sector, which is currently transitioning toward decarbonization through battery-electric and hydrogen propulsion systems. Beyond vehicle sales, Traton focuses on high-margin recurring revenue streams through after-sales services and its RIO digital logistics platform. Detailed performance metrics and valuation models are available on ValueRay for those conducting further analysis. As a capital-intensive business, Traton’s profitability is closely tied to global freight volumes and industrial production cycles across its primary markets in Europe, North America, and South America.
- International Motors market share recovery drives North American revenue growth
- Scania operating margins benefit from modular production and premium pricing
- European freight demand fluctuations impact MAN Truck and Bus order intake
- Capital expenditure for electric vehicle transition pressures short term free cash flow
- Synergies from global component sharing across brands improve group profitability
| Net Income: 1.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -2.45 > 1.0 |
| NWC/Revenue: -2.26% < 20% (prev 1.96%; Δ -4.23% < -1%) |
| CFO/TA 0.01 > 3% & CFO 726.0m > Net Income 1.31b |
| Net Debt (25.5b) to EBITDA (5.46b): 4.67 < 3 |
| Current Ratio: 0.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (500.0m) vs 12m ago -0.21% < -2% |
| Gross Margin: 17.93% > 18% (prev 0.21%; Δ 1.77k% > 0.5%) |
| Asset Turnover: 64.25% > 50% (prev 69.56%; Δ -5.32% > 0%) |
| Interest Coverage Ratio: 4.38 > 6 (EBITDA TTM 5.46b / Interest Expense TTM 498.0m) |
| A: -0.01 (Total Current Assets 23.7b - Total Current Liabilities 24.7b) / Total Assets 69.4b |
| B: 0.13 (Retained Earnings 9.29b / Total Assets 69.4b) |
| C: 0.03 (EBIT TTM 2.18b / Avg Total Assets 68.0b) |
| D: 0.13 (Book Value of Equity 6.75b / Total Liabilities 50.5b) |
| Altman-Z'' = 0.70 = B |
| DSRI: 1.12 (Receivables 12.5b/11.9b, Revenue 43.7b/46.3b) |
| GMI: 1.17 (GM 17.93% / 21.00%) |
| AQI: 1.02 (AQ_t 0.44 / AQ_t-1 0.43) |
| SGI: 0.94 (Revenue 43.7b / 46.3b) |
| TATA: 0.01 (NI 1.31b - CFO 726.0m) / TA 69.4b) |
| Beneish M = -2.79 (Cap -4..+1) = A |
As of May 27, 2026, the stock is trading at EUR 33.72 with a total of 94,203 shares traded.
Over the past week, the price has changed by +6.98%,
over one month by +7.46%,
over three months by -5.86% and
over the past year by +8.77%.
Traton SE has no consensus analysts rating.
P/E Trailing = 12.2222
P/E Forward = 7.6805
P/S = 0.3608
P/B = 0.8613
Revenue TTM = 43.7b EUR
EBIT TTM = 2.18b EUR
EBITDA TTM = 5.46b EUR
Long Term Debt = 16.0b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 9.30b EUR (from shortTermDebt, last quarter)
Debt = 28.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.27b
Net Debt = 25.5b EUR (calculated: Debt 28.5b - CCE 3.00b)
Enterprise Value = 41.5b EUR (16.0b + Debt 28.5b - CCE 3.00b)
Interest Coverage Ratio = 4.38 (Ebit TTM 2.18b / Interest Expense TTM 498.0m)
EV/FCF = -19.53x (Enterprise Value 41.5b / FCF TTM -2.12b)
FCF Yield = -5.12% (FCF TTM -2.12b / Enterprise Value 41.5b)
FCF Margin = -4.86% (FCF TTM -2.12b / Revenue TTM 43.7b)
Net Margin = 2.99% (Net Income TTM 1.31b / Revenue TTM 43.7b)
Gross Margin = 17.93% ((Revenue TTM 43.7b - Cost of Revenue TTM 35.8b) / Revenue TTM)
Gross Margin QoQ = 15.68% (prev 18.28%)
Tobins Q-Ratio = 0.60 (Enterprise Value 41.5b / Total Assets 69.4b)
Interest Expense / Debt = 1.75% (Interest Expense 498.0m / Debt 28.5b)
Taxrate = 27.04% (83.0m / 307.0m)
NOPAT = 1.59b (EBIT 2.18b * (1 - 27.04%))
Current Ratio = 0.96 (Total Current Assets 23.7b / Total Current Liabilities 24.7b)
Debt / Equity = 1.50 (Debt 28.5b / totalStockholderEquity, last quarter 18.9b)
Debt / EBITDA = 4.67 (Net Debt 25.5b / EBITDA 5.46b)
Debt / FCF = -12.01 (negative FCF - burning cash) (Net Debt 25.5b / FCF TTM -2.12b)
Total Stockholder Equity = 18.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.92% (Net Income 1.31b / Total Assets 69.4b)
RoE = 7.18% (Net Income TTM 1.31b / Total Stockholder Equity 18.2b)
RoCE = 6.38% (EBIT 2.18b / Capital Employed (Equity 18.2b + L.T.Debt 16.0b))
RoIC = 2.95% (NOPAT 1.59b / Invested Capital 54.1b)
WACC = 4.21% (E(16.0b)/V(44.5b) * Re(9.45%) + D(28.5b)/V(44.5b) * Rd(1.75%) * (1-Tc(0.27)))
Discount Rate = 9.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.54 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -2.12b)
EPS Correlation: -40.95 | EPS CAGR: -6.53% | SUE: 1.60 | # QB: 2
Revenue Correlation: -54.49 | Revenue CAGR: -1.89% | SUE: -0.41 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.09 | Chg30d=+97.28% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.03 | Chg30d=-0.47% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=4.29 | Chg30d=+4.17% | Revisions=+20% | GrowthEPS=+18.5% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=5.59 | Chg30d=+5.22% | Revisions=+0% | GrowthEPS=+30.2% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: +20%