(SGL) SGL Carbon SE - Overview
Sector: Basic Materials | Industry: Chemicals | Exchange: XETRA (Germany) | Market Cap: 553m EUR | Total Return: 46.5% in 12m
Avg Turnover: 1.06M
Rev. Trend: -96.0%
Warnings
Interest Coverage Ratio 0.2 is critical
Altman Z'' -1.12 < 1.0 - financial distress zone
Fakeout Extended 1w
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
SGL Carbon SE is a Wiesbaden-based manufacturer specializing in carbon-based solutions across four primary segments: Graphite Solutions, Process Technology, Carbon Fibers, and Composite Solutions. The company serves high-growth industries including semiconductors, automotive, aerospace, and renewable energy by providing specialized materials like isostatic graphite and carbon fiber-reinforced plastics. Its portfolio ranges from fuel cell components for zero-emission mobility to silicon carbide coatings essential for semiconductor fabrication.
The business model relies heavily on vertical integration, controlling the production process from raw synthetic fibers to specialized end-components. In the carbon fiber sector, high barriers to entry exist due to the capital-intensive nature of carbonization lines and the technical expertise required to achieve aerospace-grade material consistency. As global industries shift toward decarbonization, demand for lightweight composites and high-purity graphite for battery anodes has become a structural driver for the specialty chemicals sector.
Investors can further examine the companys financial health and valuation metrics on ValueRay. Founded in 1878, SGL Carbon maintains an international footprint with major operations in Europe, North America, and Asia, positioning it as a critical supplier in the global industrial supply chain.
- Semiconductor industry demand for specialty graphite and silicon carbide coatings
- Automotive sector transition toward fuel cell and lightweight composite materials
- Volatility in energy costs and raw material prices impacting manufacturing margins
- Aerospace industry recovery driving demand for carbon fiber reinforced plastics
- Strategic restructuring of the Carbon Fibers segment to improve group profitability
| Net Income: -67.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.16 > 1.0 |
| NWC/Revenue: 48.49% < 20% (prev 43.21%; Δ 5.27% < -1%) |
| CFO/TA 0.06 > 3% & CFO 74.5m > Net Income -67.2m |
| Net Debt (107.7m) to EBITDA (57.9m): 1.86 < 3 |
| Current Ratio: 2.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (122.3m) vs 12m ago 0.22% < -2% |
| Gross Margin: 23.35% > 18% (prev 0.22%; Δ 2.31k% > 0.5%) |
| Asset Turnover: 64.07% > 50% (prev 74.70%; Δ -10.62% > 0%) |
| Interest Coverage Ratio: 0.20 > 6 (EBITDA TTM 57.9m / Interest Expense TTM 27.1m) |
| A: 0.33 (Total Current Assets 587.6m - Total Current Liabilities 199.5m) / Total Assets 1.18b |
| B: -0.74 (Retained Earnings -869.1m / Total Assets 1.18b) |
| C: 0.00 (EBIT TTM 5.40m / Avg Total Assets 1.25b) |
| D: -0.86 (Book Value of Equity -603.9m / Total Liabilities 701.6m) |
| Altman-Z'' = -1.12 = CCC |
| DSRI: 0.75 (Receivables 114.5m/187.4m, Revenue 800.4m/988.1m) |
| GMI: 0.95 (GM 23.35% / 22.20%) |
| AQI: 0.98 (AQ_t 0.14 / AQ_t-1 0.14) |
| SGI: 0.81 (Revenue 800.4m / 988.1m) |
| TATA: -0.12 (NI -67.2m - CFO 74.5m) / TA 1.18b) |
| Beneish M = -3.54 (Cap -4..+1) = AAA |
As of May 30, 2026, the stock is trading at EUR 5.37 with a total of 621,806 shares traded.
Over the past week, the price has changed by +18.81%,
over one month by +22.74%,
over three months by +36.82% and
over the past year by +46.52%.
SGL Carbon SE has no consensus analysts rating.
P/E Forward = 46.0829
P/S = 0.6905
P/B = 1.1847
P/EG = 1.5074
Revenue TTM = 800.4m EUR
EBIT TTM = 5.40m EUR
EBITDA TTM = 57.9m EUR
Long Term Debt = 227.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 5.20m EUR (from shortTermDebt, last quarter)
Debt = 255.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 23.3m
Net Debt = 107.7m EUR (calculated: Debt 255.0m - CCE 147.3m)
Enterprise Value = 660.4m EUR (552.7m + Debt 255.0m - CCE 147.3m)
Interest Coverage Ratio = 0.20 (Ebit TTM 5.40m / Interest Expense TTM 27.1m)
EV/FCF = 22.31x (Enterprise Value 660.4m / FCF TTM 29.6m)
FCF Yield = 4.48% (FCF TTM 29.6m / Enterprise Value 660.4m)
FCF Margin = 3.70% (FCF TTM 29.6m / Revenue TTM 800.4m)
Net Margin = -8.40% (Net Income TTM -67.2m / Revenue TTM 800.4m)
Gross Margin = 23.35% ((Revenue TTM 800.4m - Cost of Revenue TTM 613.5m) / Revenue TTM)
Gross Margin QoQ = 22.76% (prev 21.19%)
Tobins Q-Ratio = 0.56 (Enterprise Value 660.4m / Total Assets 1.18b)
Interest Expense / Debt = 10.63% (Interest Expense 27.1m / Debt 255.0m)
Taxrate = 1.61% (100k / 6.20m)
NOPAT = 5.31m (EBIT 5.40m * (1 - 1.61%))
Current Ratio = 2.95 (Total Current Assets 587.6m / Total Current Liabilities 199.5m)
Debt / Equity = 0.55 (Debt 255.0m / totalStockholderEquity, last quarter 463.9m)
Debt / EBITDA = 1.86 (Net Debt 107.7m / EBITDA 57.9m)
Debt / FCF = 3.64 (Net Debt 107.7m / FCF TTM 29.6m)
Total Stockholder Equity = 473.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.38% (Net Income -67.2m / Total Assets 1.18b)
RoE = -5.00% (Net Income TTM -67.2m / Total Stockholder Equity 1.34b)
RoCE = 0.34% (EBIT 5.40m / Capital Employed (Equity 1.34b + L.T.Debt 227.0m))
RoIC = 0.64% (NOPAT 5.31m / Invested Capital 834.0m)
WACC = 9.60% (E(552.7m)/V(807.7m) * Re(9.21%) + D(255.0m)/V(807.7m) * Rd(10.63%) * (1-Tc(0.02)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 21.48 | Cagr: 0.0%
[DCF] Terminal Value 74.02% ; FCFF base≈25.0m ; Y1≈28.6m ; Y5≈42.1m
[DCF] Fair Price = 3.36 (EV 519.0m - Net Debt 107.7m = Equity 411.3m / Shares 122.3m; r=9.60% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -96.00 | Revenue CAGR: -11.31% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.18 | Chg30d=-20.92% | Revisions=-20% | GrowthEPS=+59.2% | GrowthRev=-11.8%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=-0.94% | Revisions=-20% | GrowthEPS=+60.9% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -20%