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SALZGITTER AG (SZG.DE) Stock Fundamental Analysis

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

19.26  -0.47 (-2.38%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SZG. SZG was compared to 36 industry peers in the Metals & Mining industry. Both the profitability and financial health of SZG have multiple concerns. SZG is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year SZG has reported negative net income.
SZG had a positive operating cash flow in the past year.
In multiple years SZG reported negative net income over the last 5 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 2024 0 500M -500M 1B 1.5B

1.2 Ratios

With a Return On Assets value of -3.91%, SZG is not doing good in the industry: 80.56% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -9.02%, SZG is doing worse than 80.56% of the companies in the same industry.
Industry RankSector Rank
ROA -3.91%
ROE -9.02%
ROIC N/A
ROA(3y)2.76%
ROA(5y)2.12%
ROE(3y)6.19%
ROE(5y)5.11%
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 2024 0 10 -10 20

1.3 Margins

In the last couple of years the Operating Margin of SZG has declined.
SZG has a Gross Margin (32.19%) which is in line with its industry peers.
SZG's Gross Margin has declined in the last couple of years.
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 32.19%
OM growth 3Y-48.24%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5Y-1.59%
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 2024 0 10 20 30

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2

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.
The number of shares outstanding for SZG remains at a similar level compared to 5 years ago.
Compared to 1 year ago, SZG has a worse debt to assets ratio.
SZG.DE Yearly Shares OutstandingSZG.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.76, we must say that SZG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.76, SZG is in line with its industry, outperforming 41.67% of the companies in the same industry.
SZG has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SZG (0.13) is better than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Altman-Z 1.76
ROIC/WACCN/A
WACC9.27%
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 2024 0 1B 2B 3B 4B

2.3 Liquidity

SZG has a Current Ratio of 1.62. This is a normal value and indicates that SZG is financially healthy and should not expect problems in meeting its short term obligations.
SZG's Current ratio of 1.62 is on the low side compared to the rest of the industry. SZG is outperformed by 69.44% of its industry peers.
SZG has a Quick Ratio of 1.62. 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 (0.83) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.62
Quick Ratio 0.83
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 2024 2B 4B 6B

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2

3. Growth

3.1 Past

SZG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -640.88%.
Looking at the last year, SZG shows a decrease in Revenue. The Revenue has decreased by -7.84% in the last year.
Measured over the past years, SZG shows a small growth in Revenue. The Revenue has been growing by 3.21% on average per year.
EPS 1Y (TTM)-640.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-375%
Revenue 1Y (TTM)-7.84%
Revenue growth 3Y0.83%
Revenue growth 5Y3.21%
Sales Q2Q%-13.01%

3.2 Future

SZG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.03% yearly.
Based on estimates for the next years, SZG will show a decrease in Revenue. The Revenue will decrease by -0.27% on average per year.
EPS Next Y113.15%
EPS Next 2Y59.35%
EPS Next 3Y38.97%
EPS Next 5Y22.03%
Revenue Next Year-0.49%
Revenue Next 2Y2.85%
Revenue Next 3Y2.16%
Revenue Next 5Y-0.27%

3.3 Evolution

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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4

4. Valuation

4.1 Price/Earnings Ratio

SZG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 5.49 indicates a rather cheap valuation of SZG.
SZG's Price/Forward Earnings ratio is rather cheap when compared to the industry. SZG is cheaper than 97.22% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.19. SZG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 5.49
SZG.DE Price Earnings VS Forward Price EarningsSZG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

63.89% 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 10.73
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SZG's earnings are expected to grow with 38.97% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y59.35%
EPS Next 3Y38.97%

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1

5. Dividend

5.1 Amount

SZG has a Yearly Dividend Yield of 1.02%. Purely for dividend investing, there may be better candidates out there.
The stock price of SZG dropped by -24.35% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 3.20, SZG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, SZG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.02%

5.2 History

Dividend Growth(5Y)0%
Div Incr Years0
Div Non Decr Years0
SZG.DE Yearly Dividends per shareSZG.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2022 2023 2024 2025 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-6.06%
EPS Next 2Y59.35%
EPS Next 3Y38.97%
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 2024 0 500M -500M 1B

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SALZGITTER AG

FRA:SZG (6/19/2025, 5:28:21 PM)

19.26

-0.47 (-2.38%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)05-12 2025-05-12/bmo
Earnings (Next)08-11 2025-08-11/bmo
Inst Owners6.75%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.16B
Analysts56.84
Price Target24.61 (27.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.02%
Yearly Dividend0.45
Dividend Growth(5Y)0%
DP-6.06%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-732.7%
Min EPS beat(2)-1455.87%
Max EPS beat(2)-9.53%
EPS beat(4)0
Avg EPS beat(4)-1095.06%
Min EPS beat(4)-2656.97%
Max EPS beat(4)-9.53%
EPS beat(8)1
Avg EPS beat(8)-545.6%
EPS beat(12)5
Avg EPS beat(12)-341.96%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.16%
Min Revenue beat(2)-4.68%
Max Revenue beat(2)0.37%
Revenue beat(4)2
Avg Revenue beat(4)-1.22%
Min Revenue beat(4)-4.68%
Max Revenue beat(4)1.27%
Revenue beat(8)4
Avg Revenue beat(8)-0.55%
Revenue beat(12)7
Avg Revenue beat(12)0.54%
Revenue beat(16)9
Avg Revenue beat(16)-0.03%
PT rev (1m)-0.69%
PT rev (3m)23.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.15%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5.49
P/S 0.12
P/FCF N/A
P/OCF 2.29
P/B 0.26
P/tB 0.27
EV/EBITDA 10.73
EPS(TTM)-7.41
EYN/A
EPS(NY)3.51
Fwd EY18.23%
FCF(TTM)-8.48
FCFYN/A
OCF(TTM)8.41
OCFY43.69%
SpS160.79
BVpS73.95
TBVpS71.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.91%
ROE -9.02%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 32.19%
FCFM N/A
ROA(3y)2.76%
ROA(5y)2.12%
ROE(3y)6.19%
ROE(5y)5.11%
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)11.92%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-48.24%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.4%
GM growth 5Y-1.59%
F-Score3
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Debt/EBITDA 3.23
Cap/Depr 163.46%
Cap/Sales 10.51%
Interest Coverage N/A
Cash Conversion 272.76%
Profit Quality N/A
Current Ratio 1.62
Quick Ratio 0.83
Altman-Z 1.76
F-Score3
WACC9.27%
ROIC/WACCN/A
Cap/Depr(3y)177.95%
Cap/Depr(5y)145.66%
Cap/Sales(3y)6.72%
Cap/Sales(5y)5.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-640.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-375%
EPS Next Y113.15%
EPS Next 2Y59.35%
EPS Next 3Y38.97%
EPS Next 5Y22.03%
Revenue 1Y (TTM)-7.84%
Revenue growth 3Y0.83%
Revenue growth 5Y3.21%
Sales Q2Q%-13.01%
Revenue Next Year-0.49%
Revenue Next 2Y2.85%
Revenue Next 3Y2.16%
Revenue Next 5Y-0.27%
EBIT growth 1Y-575.35%
EBIT growth 3Y-47.81%
EBIT growth 5YN/A
EBIT Next Year641.93%
EBIT Next 3Y119.11%
EBIT Next 5Y60.25%
FCF growth 1Y-282.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-35.1%
OCF growth 3Y7.38%
OCF growth 5Y10.19%