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SALZGITTER AG (SZG.DE) Stock Fundamental Analysis

FRA:SZG - Deutsche Boerse Ag - DE0006202005 - Common Stock - Currency: EUR

24.12  -1.38 (-5.41%)

Fundamental Rating

2

Taking everything into account, SZG scores 2 out of 10 in our fundamental rating. SZG was compared to 37 industry peers in the Metals & Mining industry. SZG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SZG is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SZG had negative earnings in the past year.
In the past year SZG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SZG reported negative net income in multiple years.
In the past 5 years SZG always reported a positive cash flow from operatings.
SZG.DE Yearly Net Income VS EBIT VS OCF VS FCFSZG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

1.2 Ratios

SZG has a Return On Assets of -1.82%. This is in the lower half of the industry: SZG underperforms 70.27% of its industry peers.
Looking at the Return On Equity, with a value of -4.22%, SZG is doing worse than 67.57% of the companies in the same industry.
Industry RankSector Rank
ROA -1.82%
ROE -4.22%
ROIC N/A
ROA(3y)5.77%
ROA(5y)2.23%
ROE(3y)14.62%
ROE(5y)5.05%
ROIC(3y)N/A
ROIC(5y)N/A
SZG.DE Yearly ROA, ROE, ROICSZG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20

1.3 Margins

SZG's Profit Margin has declined in the last couple of years.
SZG's Operating Margin has improved in the last couple of years.
The Gross Margin of SZG (31.64%) is better than 62.16% of its industry peers.
In the last couple of years the Gross Margin of SZG has declined.
SZG does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 31.64%
OM growth 3YN/A
OM growth 5Y10.64%
PM growth 3YN/A
PM growth 5Y-8.87%
GM growth 3Y-1.98%
GM growth 5Y-2.6%
SZG.DE Yearly Profit, Operating, Gross MarginsSZG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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4

2. Health

2.1 Basic Checks

SZG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SZG has about the same amount of shares outstanding.
Compared to 5 years ago, SZG has about the same amount of shares outstanding.
Compared to 1 year ago, SZG has an improved debt to assets ratio.
SZG.DE Yearly Shares OutstandingSZG.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
SZG.DE Yearly Total Debt VS Total AssetsSZG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 1.90 indicates that SZG is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.90, SZG perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that SZG is not too dependend on debt financing.
SZG's Debt to Equity ratio of 0.10 is amongst the best of the industry. SZG outperforms 83.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 1.9
ROIC/WACCN/A
WACC9.38%
SZG.DE Yearly LT Debt VS Equity VS FCFSZG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B 4B

2.3 Liquidity

SZG has a Current Ratio of 1.64. This is a normal value and indicates that SZG is financially healthy and should not expect problems in meeting its short term obligations.
SZG has a Current ratio (1.64) which is comparable to the rest of the industry.
A Quick Ratio of 0.84 indicates that SZG may have some problems paying its short term obligations.
SZG has a Quick ratio (0.84) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 0.84
SZG.DE Yearly Current Assets VS Current LiabilitesSZG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

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1

3. Growth

3.1 Past

SZG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -158.10%.
SZG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.03% yearly.
Looking at the last year, SZG shows a decrease in Revenue. The Revenue has decreased by -9.66% in the last year.
SZG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.07% yearly.
EPS 1Y (TTM)-158.1%
EPS 3YN/A
EPS 5Y-5.03%
EPS Q2Q%-16800%
Revenue 1Y (TTM)-9.66%
Revenue growth 3Y15.02%
Revenue growth 5Y3.07%
Sales Q2Q%-3.34%

3.2 Future

The Earnings Per Share is expected to decrease by -9.17% on average over the next years.
The Revenue is expected to decrease by -1.66% on average over the next years.
EPS Next Y-270%
EPS Next 2Y-51.64%
EPS Next 3Y-3.75%
EPS Next 5Y-9.17%
Revenue Next Year-7.4%
Revenue Next 2Y-3.47%
Revenue Next 3Y-1.11%
Revenue Next 5Y-1.66%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SZG.DE Yearly Revenue VS EstimatesSZG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
SZG.DE Yearly EPS VS EstimatesSZG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 -5 10 15

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SZG. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 27.88, which means the current valuation is very expensive for SZG.
Based on the Price/Forward Earnings ratio, SZG is valued a bit more expensive than the industry average as 72.97% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of SZG to the average of the S&P500 Index (22.10), we can say SZG is valued slightly more expensively.
Industry RankSector Rank
PE N/A
Fwd PE 27.88
SZG.DE Price Earnings VS Forward Price EarningsSZG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SZG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.42
SZG.DE Per share dataSZG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

A cheap valuation may be justified as SZG's earnings are expected to decrease with -3.75% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-51.64%
EPS Next 3Y-3.75%

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2

5. Dividend

5.1 Amount

SZG has a Yearly Dividend Yield of 1.76%.
SZG's Dividend Yield is comparable with the industry average which is at 3.77.
Compared to the average S&P500 Dividend Yield of 2.33, SZG is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.76%

5.2 History

On average, the dividend of SZG grows each year by 27.27%, which is quite nice.
Dividend Growth(5Y)27.27%
Div Incr Years1
Div Non Decr Years1
SZG.DE Yearly Dividends per shareSZG.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

The earnings of SZG are negative and hence is the payout ratio. SZG will probably not be able to sustain this dividend level.
DP-12.65%
EPS Next 2Y-51.64%
EPS Next 3Y-3.75%
SZG.DE Yearly Income VS Free CF VS DividendSZG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

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SALZGITTER AG

FRA:SZG (3/7/2025, 7:00:00 PM)

24.12

-1.38 (-5.41%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-11 2024-11-11/bmo
Earnings (Next)03-21 2025-03-21/amc
Inst Owners8.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.45B
Analysts53.68
Price Target19.93 (-17.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.76%
Yearly Dividend1
Dividend Growth(5Y)27.27%
DP-12.65%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1457.43%
Min EPS beat(2)-2656.97%
Max EPS beat(2)-257.89%
EPS beat(4)0
Avg EPS beat(4)-746.32%
Min EPS beat(4)-2656.97%
Max EPS beat(4)-26.32%
EPS beat(8)3
Avg EPS beat(8)-340.67%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.28%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)1.27%
Revenue beat(4)1
Avg Revenue beat(4)-0.72%
Min Revenue beat(4)-2.3%
Max Revenue beat(4)1.27%
Revenue beat(8)5
Avg Revenue beat(8)1.01%
Revenue beat(12)8
Avg Revenue beat(12)1.92%
Revenue beat(16)8
Avg Revenue beat(16)-0.78%
PT rev (1m)1.43%
PT rev (3m)4.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-27.51%
EPS NY rev (3m)-981.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.04%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.03%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 27.88
P/S 0.14
P/FCF N/A
P/OCF 11.5
P/B 0.32
P/tB 0.33
EV/EBITDA 9.42
EPS(TTM)-3.55
EYN/A
EPS(NY)0.87
Fwd EY3.59%
FCF(TTM)-10.79
FCFYN/A
OCF(TTM)2.1
OCFY8.69%
SpS168.25
BVpS75.68
TBVpS72.6
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.82%
ROE -4.22%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 31.64%
FCFM N/A
ROA(3y)5.77%
ROA(5y)2.23%
ROE(3y)14.62%
ROE(5y)5.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)16.57%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y10.64%
PM growth 3YN/A
PM growth 5Y-8.87%
GM growth 3Y-1.98%
GM growth 5Y-2.6%
F-Score3
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA 1.73
Cap/Depr 167.73%
Cap/Sales 7.66%
Interest Coverage N/A
Cash Conversion 47.49%
Profit Quality N/A
Current Ratio 1.64
Quick Ratio 0.84
Altman-Z 1.9
F-Score3
WACC9.38%
ROIC/WACCN/A
Cap/Depr(3y)148.7%
Cap/Depr(5y)131%
Cap/Sales(3y)4.67%
Cap/Sales(5y)4.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-158.1%
EPS 3YN/A
EPS 5Y-5.03%
EPS Q2Q%-16800%
EPS Next Y-270%
EPS Next 2Y-51.64%
EPS Next 3Y-3.75%
EPS Next 5Y-9.17%
Revenue 1Y (TTM)-9.66%
Revenue growth 3Y15.02%
Revenue growth 5Y3.07%
Sales Q2Q%-3.34%
Revenue Next Year-7.4%
Revenue Next 2Y-3.47%
Revenue Next 3Y-1.11%
Revenue Next 5Y-1.66%
EBIT growth 1Y-158.94%
EBIT growth 3YN/A
EBIT growth 5Y14.03%
EBIT Next Year13.44%
EBIT Next 3Y28.8%
EBIT Next 5Y17.51%
FCF growth 1Y-1726.48%
FCF growth 3YN/A
FCF growth 5Y-5.76%
OCF growth 1Y-62.54%
OCF growth 3Y263.9%
OCF growth 5Y10.94%