SZG Stock Analysis: Salzgitter | XETRA
Steel | XETRA, Germany | Market Cap: 2.794m EUR | 12M Return: 71.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.93M
Qual. Beats: 0
Rev. Trend: -98.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 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.
Salzgitter AG is a Germany-based, XETRA-listed steel and technology group operating four segments: Steel Production (hot-rolled wide strip, steel sheet, sections, tailored blanks, and scrap trading), Steel Processing (heavy plate, line pipes, HFI-welded tubes, and precision tubes), Trading (a European sales network supplemented by worldwide trading companies and agencies), and Technology (machinery and plants for beverage filling/packaging, special machinery engineering for elastomer production, plus IT, facility management, logistics, automotive engineering, and R&D services). Founded in 1858 and headquartered in Salzgitter, Germany, the company is classified within the Materials sector under the Steel sub-industry.
The European steel industry is highly cyclical and capital-intensive, with margins sensitive to raw material costs (notably iron ore and scrap), energy prices, and global capacity utilization. Salzgitter ranks among the larger integrated steel producers in Europe, supplying automotive, construction, and energy tubulars customers, while its Technology segment provides diversification into industrial machinery and services outside the core steel value chain.
- EU green steel subsidies accelerate Salcos hydrogen project milestones
- Hot-rolled coil prices weaken on soft European automotive demand
- Carbon border tariffs reshape European steel import competition
| Net Income: 42.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 0.84 > 1.0 |
| NWC/Revenue: 27.03% < 20% (prev 21.04%; Δ 5.99% < -1%) |
| CFO/TA 0.05 > 3% & CFO 569.8m > Net Income 42.0m |
| Net Debt (1.07b) to EBITDA (284.7m): 3.76 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.1m) vs 12m ago -0.29% < -2% |
| Gross Margin: 22.79% > 18% (prev 26.09%; Δ -3.30% > 0.5%) |
| Asset Turnover: 85.38% > 50% (prev 94.23%; Δ -8.85% > 0%) |
| Interest Coverage Ratio: -0.23 > 6 (EBIT TTM -29.0m / Interest Expense TTM 128.7m) |
| A: 0.22 (Total Current Assets 5.72b - Total Current Liabilities 3.29b) / Total Assets 10.8b |
| B: 0.41 (Retained Earnings 4.48b / Total Assets 10.8b) |
| C: -0.00 (EBIT TTM -29.0m / Avg Total Assets 10.5b) |
| D: 0.73 (Book Value of Equity 4.56b / Total Liabilities 6.25b) |
| Altman-Z'' = 3.57 = A |
| DSRI: 1.01 (Receivables 1.68b/1.80b, Revenue 9.00b/9.66b) |
| GMI: 1.14 (GM 26.09% / 22.79%) |
| AQI: 0.98 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 0.93 (Revenue 9.00b / 9.66b) |
| TATA: -0.05 (NI 42.0m - CFO 569.8m) / TA 10.8b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of July 10, 2026, the stock is trading at EUR 48.00 with a total of 156,114 shares traded. Over the past week, the price has changed by -1.48%, over one month by -15.57%, over three months by +8.34% and over the past year by +71.09%.
Current recommended Stop Loss: 41.00 (which is 14.6% or 2.6 ATR below the current price).
Salzgitter has no consensus analysts rating.
P/E Trailing = 66.218
P/E Forward = 4.2141
P/S = 0.3105
P/B = 0.6129
P/EG = 0.8262
Revenue TTM = 9.00b EUR
EBIT TTM = -29.0m EUR
EBITDA TTM = 284.7m EUR
Long Term Debt = 1.01b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.09b EUR (from shortTermDebt, last quarter)
Debt = 2.47b EUR (from shortLongTermDebtTotal, last quarter) + Leases 157.2m
Net Debt = 1.07b EUR (calculated: Debt 2.47b - CCE 1.40b)
Enterprise Value = 3.86b EUR (2.79b + Debt 2.47b - CCE 1.40b)
Interest Coverage Ratio = -0.23 (Ebit TTM -29.0m / Interest Expense TTM 128.7m)
EV/FCF = -7.77x (Enterprise Value 3.86b / FCF TTM -497.4m)
FCF Yield = -12.87% (FCF TTM -497.4m / Enterprise Value 3.86b)
FCF Margin = -5.53% (FCF TTM -497.4m / Revenue TTM 9.00b)
Net Margin = 0.47% (Net Income TTM 42.0m / Revenue TTM 9.00b)
Gross Margin = 22.79% ((Revenue TTM 9.00b - Cost of Revenue TTM 6.95b) / Revenue TTM)
Gross Margin QoQ = 11.90% (prev 8.65%)
Tobins Q-Ratio = 0.36 (Enterprise Value 3.86b / Total Assets 10.8b)
Interest Expense / Debt = 5.22% (Interest Expense 128.7m / Debt 2.47b)
Taxrate = 14.06% (13.4m / 95.3m)
NOPAT = -24.9m (EBIT -29.0m * (1 - 14.06%)) [loss with tax shield]
Current Ratio = 1.74 (Total Current Assets 5.72b / Total Current Liabilities 3.29b)
Debt / Equity = 0.54 (Debt 2.47b / totalStockholderEquity, last quarter 4.56b)
Debt / EBITDA = 3.76 (Net Debt 1.07b / EBITDA 284.7m)
Debt / FCF = -2.15 (negative FCF - burning cash) (Net Debt 1.07b / FCF TTM -497.4m)
Total Stockholder Equity = 4.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.40% (Net Income 42.0m / Total Assets 10.8b)
RoE = 0.95% (Net Income TTM 42.0m / Total Stockholder Equity 4.44b)
RoCE = -0.53% (EBIT -29.0m / Capital Employed (Equity 4.44b + L.T.Debt 1.01b))
RoIC = -0.30% (negative operating profit) (NOPAT -24.9m / Invested Capital 8.18b)
WACC = 7.93% (E(2.79b)/V(5.26b) * Re(10.98%) + D(2.47b)/V(5.26b) * Rd(5.22%) * (1-Tc(0.14)))
Discount Rate = 10.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 16.71 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -497.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.27 | # QB: 0
Revenue Correlation: -98.68 | Revenue CAGR: -9.04% | SUE: 0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.99 | Chg30d=+229.23% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.68 | Chg30d=+10.59% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=5.32 | Chg30d=-11.59% | Revisions=+50% | GrowthEPS=+572.6% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=6.60 | Chg30d=+5.38% | Revisions=+29% | GrowthEPS=+24.0% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: +25% (up=6, down=3)