SDF Stock Analysis: K+S Aktiengesellschaft | XETRA
Agricultural Inputs | XETRA, Germany | Market Cap: 2.912m EUR | 12M Return: 23.6% | DE000KSAG888 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.1M
EPS Trend: 17.5%
Qual. Beats: 0
Rev. Trend: -45.8%
Qual. Beats: 1
Warnings
Tailwinds
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.
K+S Aktiengesellschaft is a Germany-based producer of mineral products, primarily potash and salt, serving agricultural, industrial, pharmaceutical, consumer, and community markets. The company is one of the worlds leading potash producers, an industry that is highly consolidated globally, with output largely concentrated among a small number of suppliers in Canada, Russia, Belarus, and Germany. Potash fertilizer demand is closely tied to global agricultural commodity cycles and crop prices.
The agricultural segment forms the core of the business, offering potassium chloride for staple crops such as grain, corn, rice, soybeans, and sugar cane, alongside fertilizer specialties (including magnesium- and sulfur-based products) for crops like rapeseed, sugar beet, potatoes, citrus, grapes, coffee, and vegetables. A broad water-soluble fertilizer line is sold for fertigation applications under brands such as KALISOP, KORN-KALI, EPSO TOP, and PATENTKALI.
The industrial and consumer businesses provide natural rock salt, high-purity vacuum salt, de-icing salt, water-softening and dishwasher salts, and specialty salts for food and pharmaceutical use, distributed under brands including AXAL Pro, Cérébos, Saldoro, and Solné mlýny Olomouc. These activities expose the company to more stable, less cyclical demand drivers such as road de-icing, food processing, and water treatment. K+S also operates waste management as well as transportation and logistics services tied to its bulk mineral operations.
The company sells across Europe, North and South America, Asia, Africa, and Oceania, with Germany and Europe representing its home market. Founded in 1889 and headquartered in Kassel, K+S is listed on the XETRA exchange under the ticker SDF and is classified within the Materials sector, specifically the Fertilizers & Agricultural Chemicals sub-industry.
- Potash prices rise as Belarus supply remains constrained
- European gas costs pressure potash production margins
- Bethune mine ramp-up drives North American volume growth
| Net Income: 1.06b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.18 > 1.0 |
| NWC/Revenue: 52.28% < 20% (prev 43.52%; Δ 8.76% < -1%) |
| CFO/TA 0.07 > 3% & CFO 645.8m > Net Income 1.06b |
| Net Debt (188.3m) to EBITDA (1.86b): 0.10 < 3 |
| Current Ratio: 4.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (182.1m) vs 12m ago 1.67% < -2% |
| Gross Margin: 38.99% > 18% (prev -47.19%; Δ 86.17% > 0.5%) |
| Asset Turnover: 48.83% > 50% (prev 50.79%; Δ -1.95% > 0%) |
| Interest Coverage Ratio: 38.15 > 6 (EBIT TTM 1.66b / Interest Expense TTM 43.6m) |
| A: 0.23 (Total Current Assets 2.63b - Total Current Liabilities 619.4m) / Total Assets 8.63b |
| B: 0.53 (Retained Earnings 4.59b / Total Assets 8.63b) |
| C: 0.21 (EBIT TTM 1.66b / Avg Total Assets 7.89b) |
| D: 1.65 (Book Value of Equity 5.37b / Total Liabilities 3.25b) |
| Altman-Z'' = 6.42 = AAA |
| DSRI: 1.13 (Receivables 830.2m/691.0m, Revenue 3.85b/3.63b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.82 (AQ_t 0.05 / AQ_t-1 0.07) |
| SGI: 1.06 (Revenue 3.85b / 3.63b) |
| TATA: 0.05 (NI 1.06b - CFO 645.8m) / TA 8.63b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of October 12, 2026, the stock is trading at EUR 14.63 with a total of 901,440 shares traded. Over the past week, the price has changed by -3.56%, over one month by -15.58%, over three months by +11.00% and over the past year by +23.60%.
Current recommended Stop Loss: 13.90 (which is 5% or 1.8 ATR below the current price).
K+S Aktiengesellschaft has no consensus analysts rating.
P/E Trailing = 2.5424
P/E Forward = 46.729
P/S = 0.7594
P/B = 0.5418
P/EG = 9.4991
Revenue TTM = 3.85b EUR
EBIT TTM = 1.66b EUR
EBITDA TTM = 1.86b EUR
Long Term Debt = 495.2m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 46.1m EUR (from shortTermDebt, last quarter)
Debt = 992.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 188.3m EUR (calculated: Debt 992.9m - CCE 804.6m)
Enterprise Value = 3.10b EUR (2.91b + Debt 992.9m - CCE 804.6m)
Interest Coverage Ratio = 38.15 (Ebit TTM 1.66b / Interest Expense TTM 43.6m)
EV/FCF = 27.66x (Enterprise Value 3.10b / FCF TTM 112.1m)
FCF Yield = 3.62% (FCF TTM 112.1m / Enterprise Value 3.10b)
FCF Margin = 2.91% (FCF TTM 112.1m / Revenue TTM 3.85b)
Net Margin = 27.59% (Net Income TTM 1.06b / Revenue TTM 3.85b)
Gross Margin = 38.99% ((Revenue TTM 3.85b - Cost of Revenue TTM 2.35b) / Revenue TTM)
Gross Margin QoQ = 83.07% (prev -2.49%)
Tobins Q-Ratio = 0.36 (Enterprise Value 3.10b / Total Assets 8.63b)
Interest Expense / Debt = 4.39% (Interest Expense 43.6m / Debt 992.9m)
Taxrate = 7.46% (85.7m / 1.15b)
NOPAT = 1.54b (EBIT 1.66b * (1 - 7.46%))
Current Ratio = 4.25 (Total Current Assets 2.63b / Total Current Liabilities 619.4m)
Debt / Equity = 0.18 (Debt 992.9m / totalStockholderEquity, last quarter 5.37b)
Debt / EBITDA = 0.10 (Net Debt 188.3m / EBITDA 1.86b)
Debt / FCF = 1.68 (Net Debt 188.3m / FCF TTM 112.1m)
Total Stockholder Equity = 4.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.47% (Net Income 1.06b / Total Assets 8.63b)
RoE = 22.07% (Net Income TTM 1.06b / Total Stockholder Equity 4.81b)
RoCE = 31.33% (EBIT 1.66b / Capital Employed (Equity 4.81b + L.T.Debt 495.2m))
RoIC = 19.57% (NOPAT 1.54b / Invested Capital 7.86b)
WACC = 5.16% (E(2.91b)/V(3.91b) * Re(5.54%) + D(992.9m)/V(3.91b) * Rd(4.39%) * (1-Tc(0.07)))
Discount Rate = 5.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.15 | Cagr: 0.74%
[DCF] Terminal Value 77.97% ; FCFF base≈70.6m ; Y1≈81.0m ; Y5≈119.1m
[DCF] Fair Price = 8.96 (EV 1.79b - Net Debt 188.3m = Equity 1.60b / Shares 179.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 17.47 | EPS CAGR: 35.25% | SUE: 0.09 | # QB: 0
Revenue Correlation: -45.83 | Revenue CAGR: -2.67% | SUE: 2.90 | # QB: 1
EPS current Quarter (2026-09-30): EPS=-0.14 | Chg30d=-230.27% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.14 | Chg30d=-0.72% | Revisions=+0% | GrowthEPS=+63.3% | GrowthRev=+6.8%
EPS next Year (2027-12-31): EPS=1.21 | Chg30d=+5.66% | Revisions=+30% | GrowthEPS=+5.7% | GrowthRev=+0.9%
[Analyst] Revisions Ratio: +18% (up=5, down=3)