Financials Salzgitter AG

Equities

SZG

DE0006202005

Iron & Steel

Market Closed - Xetra 11:35:14 2023-12-01 am EST Intraday chart for Salzgitter AG 5-day change 1st Jan Change
27.94 EUR +2.80% +0.87% -2.03%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1 383 1 069 1 174 1 699 1 543 1 511 - -
Enterprise Value (EV) 1 1 478 1 385 1 790 2 472 2 253 2 160 2 402 2 604
P/E ratio 5,33x -4,43x -4,23x 2,93x 1,43x 7,54x 7,01x 5,44x
Yield 2,15% 1,01% - 2,39% 3,51% 3,39% 3,25% 3,20%
Capitalization / Revenue 0,15x 0,13x 0,17x 0,17x 0,12x 0,14x 0,15x 0,15x
EV / Revenue 0,16x 0,16x 0,25x 0,25x 0,18x 0,20x 0,24x 0,26x
EV / EBITDA 1,85x 3,91x 10,2x 1,96x 1,39x 3,16x 3,50x 3,38x
EV / FCF 7,98x -7,15x -5,03x -177x 14,6x 9,44x 29,7x -26,2x
FCF Yield 12,5% -14,0% -19,9% -0,57% 6,84% 10,6% 3,37% -3,82%
Price to Book 0,44x 0,36x 0,44x 0,51x 0,32x 0,30x 0,29x 0,28x
Nbr of stocks (in thousands) 54 087 54 087 54 087 54 087 54 087 54 087 - -
Reference price 2 25,6 19,8 21,7 31,4 28,5 27,9 27,9 27,9
Announcement Date 22/03/19 16/03/20 15/03/21 21/03/22 27/03/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 9 278 8 547 7 091 9 767 12 553 10 835 10 106 10 119
EBITDA 1 797 354 176 1 262 1 618 683 687 771
EBIT 1 413 -188 -119 753 1 311 364 410 446
Operating Margin 4,45% -2,20% -1,68% 7,71% 10,4% 3,36% 4,06% 4,40%
Earnings before Tax (EBT) 1 347 -253 -196 706 1 245 258 323 363
Net income 1 274 -241 -277 581 1 082 196 212 256
Net margin 2,95% -2,82% -3,91% 5,95% 8,62% 1,81% 2,10% 2,53%
EPS 2 4,80 -4,46 -5,13 10,7 20,0 3,70 3,98 5,14
Free Cash Flow 1 185 -194 -356 -14,0 154 229 80,9 -99,5
FCF margin 2,00% -2,27% -5,02% -0,14% 1,23% 2,11% 0,80% -0,98%
FCF Conversion (EBITDA) 23,2% - - - 9,52% 33,5% 11,8% -
FCF Conversion (Net income) 67,7% - - - 14,2% 116% 38,2% -
Dividend per Share 2 0,55 0,20 - 0,75 1,00 0,95 0,91 0,89
Announcement Date 22.03.19 16.03.20 15.03.21 21.03.22 27.03.23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 2021 Q3 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
Net sales 1 2 341 2 566 2 766 3 350 3 287 3 129 2 788 2 983 2 853 2 570 2 447 2 594 2 443 2 351 2 470
EBITDA 1 276 388 395 548 590 258 221 290 171 115 118 139 152 141 211
EBIT 1 200 318 107 479 521 189 123 214 88,3 39,1 31,2 59,3 69,0 60,6 130
Operating Margin 8,55% 12,4% 3,86% 14,3% 15,9% 6,03% 4,40% 7,18% 3,09% 1,52% 1,28% 2,29% 2,82% 2,58% 5,27%
Earnings before Tax (EBT) 1 188 299 101 465 505 175 100 184 59,0 11,6 18,4 32,3 52,2 78,9 93,2
Net income 1 152 236 118 368 411 163 140 139 49,8 1,10 0,62 20,7 36,4 55,0 65,1
Net margin 6,51% 9,18% 4,28% 11,0% 12,5% 5,21% 5,03% 4,66% 1,75% 0,04% 0,03% 0,80% 1,49% 2,34% 2,64%
EPS 2 4,20 4,36 2,18 6,80 7,59 3,01 2,60 2,57 0,92 0,02 0,01 0,38 0,67 1,02 1,20
Dividend per Share 2 - - 0,75 - - - 1,00 - - - 0,77 - - - 0,66
Announcement Date 11.08.21 12.11.21 21.03.22 12.05.22 11.08.22 11.11.22 27.03.23 10.05.23 11.08.23 13.11.23 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 95,0 316 616 773 710 649 891 1 093
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0,12x 0,89x 3,50x 0,61x 0,44x 0,95x 1,30x 1,42x
Free Cash Flow 1 185 -194 -356 -14,0 154 229 80,9 -99,5
ROE (net income / shareholders' equity) 8,68% -7,72% -9,91% 19,3% 26,5% 3,98% 4,31% 4,59%
Shareholders' equity 1 3 152 3 126 2 799 3 008 4 079 4 934 4 915 5 574
ROA (Net income/ Total Assets) 3,21% -2,78% -3,29% 6,28% 10,2% 1,83% 2,11% 2,08%
Assets 1 8 537 8 687 8 429 9 246 10 641 10 729 10 050 12 275
Book Value Per Share 2 58,3 54,2 49,4 61,9 89,5 92,7 96,2 100
Cash Flow per Share 2 9,15 4,64 0,34 6,09 11,0 15,4 11,7 12,2
Capex 1 343 444 374 343 443 641 659 665
Capex / Sales 3,69% 5,20% 5,28% 3,52% 3,52% 5,91% 6,52% 6,57%
Announcement Date 22.03.19 16.03.20 15.03.21 21.03.22 27.03.23 - - -
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 :
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
27.94EUR
Average target price
28.88EUR
Spread / Average Target
+3.36%
Consensus
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