(SDF) K+S Aktiengesellschaft - Ratings and Ratios
Fertilizer, Salt, De-Icer, Waste, Logistics
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.98% |
| Yield on Cost 5y | 1.77% |
| Yield CAGR 5y | -9.14% |
| Payout Consistency | 76.3% |
| Payout Ratio | 41.7% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 32.0% |
| Value at Risk 5%th | 48.1% |
| Relative Tail Risk | -8.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.31 |
| Alpha | 5.58 |
| CAGR/Max DD | -0.22 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.288 |
| Beta | 0.037 |
| Beta Downside | -0.192 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.60% |
| Mean DD | 32.81% |
| Median DD | 35.43% |
Description: SDF K+S Aktiengesellschaft January 12, 2026
K+S Aktiengesellschaft (XETRA:SDF) is a German-based, vertically integrated supplier of mineral products serving agricultural, industrial, consumer, and community markets across Europe, the United States, Asia, Africa, and Oceania. Founded in 1889 and headquartered in Kassel, the group operates through a network of subsidiaries that produce and distribute a broad range of salts, fertilizers, and related services.
The company’s product suite includes potassium chloride and specialty fertilizers for grain, corn, rice, soybeans, rapeseed, potatoes, citrus, grapes, coffee, almonds, and vegetables, marketed under brands such as KALISOP, KORN-KALI, and EPSO. It also manufactures melting salts, natural rock and sea salts, high-purity vacuum salt, Epsom salt, pet and livestock minerals, aluminum recycling, and de-icing salts, with consumer-facing brands like SALDORO and Cérébos. Ancillary services comprise waste management and logistics.
In FY 2023 K+S reported revenue of approximately €3.2 billion and an adjusted EBITDA margin of 10.2%, reflecting stable demand for potash amid rising global grain production. The firm’s potash output capacity stands at roughly 4 Mt / year, positioning it among the top five European producers. Recent capital expenditures have focused on expanding the KALISOP line to capture the growing “fertigation” segment, which is projected to grow at ~4 % CAGR through 2028.
Key economic drivers for K+S include: (1) global fertilizer demand, which is closely tied to the 1.2 % annual increase in world grain output; (2) potash price volatility, with the 12-month average price hovering around $350-$380 per tonne in 2023; and (3) regulatory trends in the EU and China that incentivize lower-nitrogen, higher-potassium fertilizer regimes, potentially boosting K+S’s specialty product mix.
For a deeper, data-rich assessment of K+S’s valuation metrics and scenario analysis, consider exploring the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: -1.70b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -1.31 > 1.0 |
| NWC/Revenue: 41.99% < 20% (prev 41.39%; Δ 0.60% < -1%) |
| CFO/TA 0.07 > 3% & CFO 530.5m > Net Income -1.70b |
| Net Debt (-365.3m) to EBITDA (511.4m): -0.71 < 3 |
| Current Ratio: 3.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (179.1m) vs 12m ago 0.0% < -2% |
| Gross Margin: -44.75% > 18% (prev 0.08%; Δ -4483 % > 0.5%) |
| Asset Turnover: 44.33% > 50% (prev 39.80%; Δ 4.53% > 0%) |
| Interest Coverage Ratio: -86.64 > 6 (EBITDA TTM 511.4m / Interest Expense TTM 23.0m) |
Altman Z'' 2.67
| A: 0.21 (Total Current Assets 2.14b - Total Current Liabilities 615.7m) / Total Assets 7.12b |
| B: 0.48 (Retained Earnings 3.43b / Total Assets 7.12b) |
| C: -0.24 (EBIT TTM -1.99b / Avg Total Assets 8.21b) |
| D: 1.26 (Book Value of Equity 3.60b / Total Liabilities 2.86b) |
| Altman-Z'' Score: 2.67 = A |
Beneish M -3.13
| DSRI: 1.14 (Receivables 709.2m/630.1m, Revenue 3.64b/3.70b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.18 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 0.98 (Revenue 3.64b / 3.70b) |
| TATA: -0.31 (NI -1.70b - CFO 530.5m) / TA 7.12b) |
| Beneish M-Score: -3.13 = AA |
ValueRay F-Score (Strict, 0-100) 29.52
| 1. Piotroski: 3.50pt |
| 2. FCF Yield: -0.00% |
| 3. FCF Margin: -0.00% |
| 4. Debt/Equity: 0.12 |
| 5. Debt/Ebitda: -0.71 |
| 6. ROIC - WACC: -24.03% |
| 7. RoE: -32.47% |
| 8. Revenue Trend: -70.36% |
| 9. EPS Trend: -73.92% |
What is the price of SDF shares?
Over the past week, the price has changed by -1.52%, over one month by +12.02%, over three months by +18.14% and over the past year by +11.40%.
Is SDF a buy, sell or hold?
What are the forecasts/targets for the SDF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.7 | -6.5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 13.5 | -0.9% |
SDF Fundamental Data Overview January 18, 2026
P/E Forward = 46.729
P/S = 0.649
P/B = 0.5806
P/EG = 9.4991
Revenue TTM = 3.64b EUR
EBIT TTM = -1.99b EUR
EBITDA TTM = 511.4m EUR
Long Term Debt = 494.9m EUR (from longTermDebt, last quarter)
Short Term Debt = 125.0m EUR (from shortTermDebt, last fiscal year)
Debt = 494.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -365.3m EUR (from netDebt column, last quarter)
Enterprise Value = 2.25b EUR (2.12b + Debt 494.9m - CCE 365.3m)
Interest Coverage Ratio = -86.64 (Ebit TTM -1.99b / Interest Expense TTM 23.0m)
EV/FCF = -1000.0x (Enterprise Value 2.25b / FCF TTM -100.0k)
FCF Yield = -0.00% (FCF TTM -100.0k / Enterprise Value 2.25b)
FCF Margin = -0.00% (FCF TTM -100.0k / Revenue TTM 3.64b)
Net Margin = -46.68% (Net Income TTM -1.70b / Revenue TTM 3.64b)
Gross Margin = -44.75% ((Revenue TTM 3.64b - Cost of Revenue TTM 5.27b) / Revenue TTM)
Gross Margin QoQ = 9.10% (prev none%)
Tobins Q-Ratio = 0.32 (Enterprise Value 2.25b / Total Assets 7.12b)
Interest Expense / Debt = 0.99% (Interest Expense 4.90m / Debt 494.9m)
Taxrate = 48.84% (2.10m / 4.30m)
NOPAT = -1.02b (EBIT -1.99b * (1 - 48.84%)) [loss with tax shield]
Current Ratio = 3.48 (Total Current Assets 2.14b / Total Current Liabilities 615.7m)
Debt / Equity = 0.12 (Debt 494.9m / totalStockholderEquity, last quarter 4.26b)
Debt / EBITDA = -0.71 (Net Debt -365.3m / EBITDA 511.4m)
Debt / FCF = 3653 (out of range, set to none) (Net Debt -365.3m / FCF TTM -100.0k)
Total Stockholder Equity = 5.23b (last 4 quarters mean from totalStockholderEquity)
RoA = -20.69% (Net Income -1.70b / Total Assets 7.12b)
RoE = -32.47% (Net Income TTM -1.70b / Total Stockholder Equity 5.23b)
RoCE = -34.78% (EBIT -1.99b / Capital Employed (Equity 5.23b + L.T.Debt 494.9m))
RoIC = -19.03% (negative operating profit) (NOPAT -1.02b / Invested Capital 5.36b)
WACC = 5.00% (E(2.12b)/V(2.61b) * Re(6.05%) + D(494.9m)/V(2.61b) * Rd(0.99%) * (1-Tc(0.49)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow -100.0k)
EPS Correlation: -73.92 | EPS CAGR: -38.22% | SUE: -1.51 | # QB: 0
Revenue Correlation: -70.36 | Revenue CAGR: -5.09% | SUE: -0.51 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.68 | Chg30d=+0.111 | Revisions Net=-1 | Growth EPS=+7.0% | Growth Revenue=+1.8%