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SALZGITTER AG (SZG.DE) Stock Fundamental Analysis

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

24.84  -0.62 (-2.44%)

Fundamental Rating

2

SZG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 38 industry peers in the Metals & Mining industry. The financial health of SZG is average, but there are quite some concerns on its profitability. SZG has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SZG had negative earnings in the past year.
SZG had a positive operating cash flow in the past year.
In multiple years SZG reported negative net income over the last 5 years.
Each year in the past 5 years SZG had a positive operating cash flow.
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 worse Return On Assets (-1.82%) than 71.05% of its industry peers.
SZG has a worse Return On Equity (-4.22%) than 68.42% of its industry peers.
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

In the last couple of years the Profit Margin of SZG has declined.
SZG's Operating Margin has improved in the last couple of years.
The Gross Margin of SZG (31.64%) is better than 63.16% of its industry peers.
SZG's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SZG so they could not be analyzed.
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.
SZG has about the same amout of shares outstanding than it did 1 year ago.
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

SZG has an Altman-Z score of 1.91. This is not the best score and indicates that SZG is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.91, SZG is in line with its industry, outperforming 47.37% of the companies in the same industry.
SZG has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
SZG's Debt to Equity ratio of 0.10 is amongst the best of the industry. SZG outperforms 84.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 1.91
ROIC/WACCN/A
WACC8.66%
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

A Current Ratio of 1.64 indicates that SZG should not have too much problems paying its short term obligations.
SZG has a Current ratio (1.64) which is in line with its industry peers.
SZG has a Quick Ratio of 1.64. This is a bad value and indicates that SZG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SZG (0.84) 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%.
The Earnings Per Share has been decreasing by -5.03% on average over the past years.
The Revenue has decreased by -9.66% in the past year.
The Revenue has been growing slightly by 3.07% on average over the past years.
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.
Based on estimates for the next years, SZG will show a decrease in Revenue. The Revenue will decrease by -1.66% on average per year.
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

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

SZG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
SZG is valuated quite expensively with a Price/Forward Earnings ratio of 28.71.
Based on the Price/Forward Earnings ratio, SZG is valued a bit more expensive than the industry average as 73.68% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.05. SZG is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 28.71
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

60.53% of the companies in the same industry are cheaper than SZG, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.72
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

SZG's earnings are expected to decrease with -3.75% in the coming years. This may justify a cheaper valuation.
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 1.81%. Purely for dividend investing, there may be better candidates out there.
SZG's Dividend Yield is comparable with the industry average which is at 3.59.
SZG's Dividend Yield is slightly below the S&P500 average, which is at 2.39.
Industry RankSector Rank
Dividend Yield 1.81%

5.2 History

The dividend of SZG is nicely growing with an annual growth rate of 27.27%!
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

SZG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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 (3/26/2025, 5:29:37 PM)

24.84

-0.62 (-2.44%)

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 Cap1.49B
Analysts53.68
Price Target19.93 (-19.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.81%
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)0%
PT rev (3m)4.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-981.81%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)-3.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.03%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 28.71
P/S 0.15
P/FCF N/A
P/OCF 11.85
P/B 0.33
P/tB 0.34
EV/EBITDA 9.72
EPS(TTM)-3.55
EYN/A
EPS(NY)0.87
Fwd EY3.48%
FCF(TTM)-10.79
FCFYN/A
OCF(TTM)2.1
OCFY8.44%
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 1.91
F-Score3
WACC8.66%
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 5Y16.64%
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%