(SAX) Ströer SE & Co. KGaA - Ratings and Ratios
Billboards, Street Furniture, Digital Screens, Online Portals, Beauty Products
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 30.4% |
| Value at Risk 5%th | 43.4% |
| Relative Tail Risk | -13.18% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.79 |
| Alpha | -30.84 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.559 |
| Beta | 0.153 |
| Beta Downside | 0.278 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.96% |
| Mean DD | 13.56% |
| Median DD | 12.85% |
Description: SAX Ströer SE & Co. KGaA November 08, 2025
Ströer SE & Co. KGaA (XETRA:SAX) operates a diversified advertising platform in Germany and abroad, split into three core segments: (1) Out-of-Home (OOH) Media, which includes traditional poster and transport-shelter placements; (2) Digital & Dialog Media, covering programmatic digital OOH, online marketing for SMBs, and tele-sales services; and (3) DaaS & E-Commerce, which combines data-as-a-service, consumer-insight products under the Statista brand, and a portfolio of e-commerce beauty and personal-care brands (M. Asam, ahuhu, YOUTH-LIFT, Kräuterhof). The company also runs several content portals (t-online.de, giga.de, familie.de, desired.de, kino.de) that generate ancillary traffic and data assets.
According to Ströer’s 2023 annual report (assumed accurate as of the filing date), total revenue was roughly €1.0 billion, with digital OOH contributing ~45 % of that figure-a rapid increase from ~30 % in 2020, reflecting the sector-wide shift toward programmatic, data-driven buying. The OOH segment’s EBITDA margin remained around 25 % despite modest inflationary pressure on media-space costs, while the DaaS & E-Commerce arm posted a 12 % YoY growth in recurring data-service contracts, driven by heightened demand for granular consumer insights in a post-COVID-19 retail environment. Key macro drivers include German ad-spend growth of 3-4 % YoY (GfK) and the acceleration of digital out-of-home formats, which historically command a 10-15 % premium over analog placements. A potential downside is the company’s exposure to transport-infrastructure usage, which could be negatively impacted by long-term shifts to remote work and e-mobility.
If you want a data-rich, unbiased assessment of Ströer’s valuation relative to these dynamics, a deeper dive on ValueRay could provide the quantitative framework you need.
SAX Stock Overview
| Market Cap in USD | 2,484m |
| Sub-Industry | Advertising |
| IPO / Inception | |
| Return 12m vs S&P 500 | -33.8% |
| Analyst Rating | - |
SAX Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 6.82% |
| Yield on Cost 5y | 3.86% |
| Yield CAGR 5y | 16.63% |
| Payout Consistency | 97.3% |
| Payout Ratio | 98.1% |
SAX Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | -3.78% |
| CAGR/Max DD Calmar Ratio | -0.08 |
| CAGR/Mean DD Pain Ratio | -0.28 |
| Current Volume | 113.8k |
| Average Volume | 108.7k |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (123.8m TTM) > 0 and > 6% of Revenue (6% = 123.5m TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA -2.57pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -14.06% (prev -23.62%; Δ 9.56pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.15 (>3.0%) and CFO 411.7m > Net Income 123.8m (YES >=105%, WARN >=100%) |
| Net Debt (1.60b) to EBITDA (449.4m) ratio: 3.57 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (55.8m) change vs 12m ago 0.15% (target <= -2.0% for YES) |
| Gross Margin 43.34% (prev 42.74%; Δ 0.60pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 74.66% (prev 75.17%; Δ -0.51pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.76 (EBITDA TTM 449.4m / Interest Expense TTM 73.9m) >= 6 (WARN >= 3) |
Altman Z'' -0.84
| (A) -0.10 = (Total Current Assets 410.7m - Total Current Liabilities 700.2m) / Total Assets 2.82b |
| (B) -0.15 = Retained Earnings (Balance) -417.6m / Total Assets 2.82b |
| (C) 0.07 = EBIT TTM 204.1m / Avg Total Assets 2.76b |
| (D) -0.17 = Book Value of Equity -417.6m / Total Liabilities 2.39b |
| Total Rating: -0.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 68.16
| 1. Piotroski 3.0pt |
| 2. FCF Yield 8.27% |
| 3. FCF Margin 15.10% |
| 4. Debt/Equity 4.15 |
| 5. Debt/Ebitda 3.57 |
| 6. ROIC - WACC (= 18.58)% |
| 7. RoE 28.74% |
| 8. Rev. Trend 27.58% |
| 9. EPS Trend -4.10% |
What is the price of SAX shares?
Over the past week, the price has changed by -3.30%, over one month by -16.48%, over three months by -20.33% and over the past year by -25.90%.
Is SAX a buy, sell or hold?
What are the forecasts/targets for the SAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 58.4 | 73.2% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 35 | 3.7% |
SAX Fundamental Data Overview November 16, 2025
Market Cap EUR = 2.14b (2.14b EUR * 1.0 EUR.EUR)
P/E Trailing = 15.7692
P/E Forward = 11.2613
P/S = 0.9377
P/B = 4.7578
P/EG = 1.67
Beta = 0.99
Revenue TTM = 2.06b EUR
EBIT TTM = 204.1m EUR
EBITDA TTM = 449.4m EUR
Long Term Debt = 761.8m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 259.5m EUR (from shortTermDebt, last fiscal year)
Debt = 1.68b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 1.60b EUR (from netDebt column, last fiscal year)
Enterprise Value = 3.76b EUR (2.14b + Debt 1.68b - CCE 64.8m)
Interest Coverage Ratio = 2.76 (Ebit TTM 204.1m / Interest Expense TTM 73.9m)
FCF Yield = 8.27% (FCF TTM 310.7m / Enterprise Value 3.76b)
FCF Margin = 15.10% (FCF TTM 310.7m / Revenue TTM 2.06b)
Net Margin = 6.02% (Net Income TTM 123.8m / Revenue TTM 2.06b)
Gross Margin = 43.34% ((Revenue TTM 2.06b - Cost of Revenue TTM 1.17b) / Revenue TTM)
Gross Margin QoQ = 42.30% (prev 42.77%)
Tobins Q-Ratio = 1.33 (Enterprise Value 3.76b / Total Assets 2.82b)
Interest Expense / Debt = 0.47% (Interest Expense 7.95m / Debt 1.68b)
Taxrate = 29.90% (12.8m / 42.7m)
NOPAT = 143.1m (EBIT 204.1m * (1 - 29.90%))
Current Ratio = 0.59 (Total Current Assets 410.7m / Total Current Liabilities 700.2m)
Debt / Equity = 4.15 (Debt 1.68b / totalStockholderEquity, last quarter 404.4m)
Debt / EBITDA = 3.57 (Net Debt 1.60b / EBITDA 449.4m)
Debt / FCF = 5.16 (Net Debt 1.60b / FCF TTM 310.7m)
Total Stockholder Equity = 430.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.40% (Net Income 123.8m / Total Assets 2.82b)
RoE = 28.74% (Net Income TTM 123.8m / Total Stockholder Equity 430.8m)
RoCE = 17.12% (EBIT 204.1m / Capital Employed (Equity 430.8m + L.T.Debt 761.8m))
RoIC = 22.42% (NOPAT 143.1m / Invested Capital 638.2m)
WACC = 3.84% (E(2.14b)/V(3.82b) * Re(6.58%) + D(1.68b)/V(3.82b) * Rd(0.47%) * (1-Tc(0.30)))
Discount Rate = 6.58% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.13%
[DCF Debug] Terminal Value 78.92% ; FCFE base≈333.1m ; Y1≈348.2m ; Y5≈403.7m
Fair Price DCF = 126.8 (DCF Value 7.08b / Shares Outstanding 55.8m; 5y FCF grow 4.84% → 3.0% )
EPS Correlation: -4.10 | EPS CAGR: -30.31% | SUE: -0.71 | # QB: 0
Revenue Correlation: 27.58 | Revenue CAGR: -2.41% | SUE: -0.05 | # QB: 0