Financials Salzgitter AG Börse Stuttgart

Equities

SZGA

US7958422021

Iron & Steel

Delayed Börse Stuttgart 09:34:06 2024-05-17 EDT 5-day change 1st Jan Change
2.22 EUR +6.73% Intraday chart for Salzgitter AG +0.97% -3.48%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,069 1,174 1,699 1,543 1,514 1,225 - -
Enterprise Value (EV) 1 1,385 1,790 2,472 2,253 1,514 2,130 2,491 2,583
P/E ratio -4.43 x -4.23 x 2.93 x 1.43 x 7.57 x 8.69 x 5.46 x 4.7 x
Yield 1.01% - 2.39% 3.51% - 2.19% 2.67% 2.95%
Capitalization / Revenue 0.13 x 0.17 x 0.17 x 0.12 x 0.14 x 0.12 x 0.12 x 0.12 x
EV / Revenue 0.16 x 0.25 x 0.25 x 0.18 x 0.14 x 0.21 x 0.24 x 0.25 x
EV / EBITDA 3.91 x 10.2 x 1.96 x 1.39 x 2.24 x 3.26 x 3.17 x 3.17 x
EV / FCF -7.15 x -5.03 x -177 x 14.6 x - -4.59 x -8.41 x -241 x
FCF Yield -14% -19.9% -0.57% 6.84% - -21.8% -11.9% -0.41%
Price to Book 0.36 x 0.44 x 0.51 x 0.32 x - 0.25 x 0.24 x 0.23 x
Nbr of stocks (in thousands) 54,087 54,087 54,087 54,087 54,087 54,087 - -
Reference price 2 19.76 21.70 31.42 28.52 28.00 22.64 22.64 22.64
Announcement Date 20-03-16 21-03-15 22-03-21 23-03-27 24-03-15 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,547 7,091 9,767 12,553 10,790 10,215 10,494 10,446
EBITDA 1 354 176 1,262 1,618 677 653.3 785.5 816
EBIT 1 -188 -119 753.2 1,311 355 320.3 444.8 487.2
Operating Margin -2.2% -1.68% 7.71% 10.45% 3.29% 3.14% 4.24% 4.66%
Earnings before Tax (EBT) 1 -253.3 -196.4 705.7 1,245 238.4 165.6 292.8 344.4
Net income 1 -241.2 -277.3 581.1 1,082 200.1 134.1 227 263.4
Net margin -2.82% -3.91% 5.95% 8.62% 1.85% 1.31% 2.16% 2.52%
EPS 2 -4.460 -5.130 10.74 20.00 3.700 2.607 4.143 4.814
Free Cash Flow 1 -193.6 -356.1 -14 154 - -464.4 -296.2 -10.7
FCF margin -2.27% -5.02% -0.14% 1.23% - -4.55% -2.82% -0.1%
FCF Conversion (EBITDA) - - - 9.52% - - - -
FCF Conversion (Net income) - - - 14.24% - - - -
Dividend per Share 2 0.2000 - 0.7500 1.000 - 0.4954 0.6053 0.6683
Announcement Date 20-03-16 21-03-15 22-03-21 23-03-27 24-03-15 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 2,766 3,350 3,287 3,129 2,788 2,982 2,853 2,570 2,384 2,678 2,558 2,557 2,546 2,644 2,641
EBITDA 1 - 394.8 548.1 590.3 258.4 221.2 290 171 115 101 126.4 122.3 174.7 178.4 185.9 194.2
EBIT 1 - 106.7 478.8 521 188.8 122.8 214.2 88.3 39.1 13.4 45.2 44.25 96.68 100.7 107.8 116.2
Operating Margin - 3.86% 14.29% 15.85% 6.03% 4.4% 7.18% 3.09% 1.52% 0.56% 1.69% 1.73% 3.78% 3.95% 4.08% 4.4%
Earnings before Tax (EBT) 1 -127.8 101.2 465.3 505.2 174.7 100.1 183.7 59 11.6 -15.9 17.2 16.82 65.25 67.63 72.11 76.57
Net income 1 - 118.3 367.6 410.5 163.1 140.2 139.1 49.8 1.1 10.1 12.9 13.59 54.76 53.98 59.93 63.73
Net margin - 4.28% 10.97% 12.49% 5.21% 5.03% 4.66% 1.75% 0.04% 0.42% 0.48% 0.53% 2.14% 2.12% 2.27% 2.41%
EPS 2 - 2.180 6.800 7.590 3.010 2.600 2.570 0.9200 0.0200 0.1900 0.2400 0.2513 1.012 0.9980 1.108 1.178
Dividend per Share 2 - 0.7500 - - - 1.000 - - - - - - - 0.3088 - -
Announcement Date 20-08-12 22-03-21 22-05-12 22-08-11 22-11-11 23-03-27 23-05-10 23-08-11 23-11-13 24-03-15 24-05-13 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 316 616 773 710 - 905 1,266 1,358
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.8921 x 3.502 x 0.6126 x 0.4388 x - 1.386 x 1.612 x 1.665 x
Free Cash Flow 1 -194 -356 -14 154 - -464 -296 -10.7
ROE (net income / shareholders' equity) -7.72% -9.91% 19.3% 26.5% - 2.7% 4.26% 4.68%
ROA (Net income/ Total Assets) -2.78% -3.29% 6.28% 10.2% - 1.26% 1.83% 2.66%
Assets 1 8,687 8,429 9,246 10,641 - 10,651 12,427 9,907
Book Value Per Share 2 54.20 49.40 61.90 89.50 - 89.70 93.30 97.60
Cash Flow per Share 2 4.640 0.3400 6.090 11.00 - 4.720 10.00 9.890
Capex 1 444 374 343 443 - 915 904 628
Capex / Sales 5.2% 5.28% 3.52% 3.52% - 8.95% 8.62% 6.02%
Announcement Date 20-03-16 21-03-15 22-03-21 23-03-27 24-03-15 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
22.64 EUR
Average target price
25.34 EUR
Spread / Average Target
+11.95%
Consensus
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