TRATON SE (DE:8TRA)
XETRA:8TRA
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TRATON SE
(XETRA:8TRA)
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Rating:52Neutral
Price Target:
€32.00
▼(-3.90% Downside)
Action:ReiteratedDate:03/08/26
The score is held back primarily by weakening fundamentals—margin compression, a sharp increase in leverage, and especially negative free cash flow—alongside bearish technical momentum. These risks are partially offset by a relatively low P/E and a high dividend yield that support valuation.
Positive Factors
Market position & brand diversification
TRATON's multi-brand portfolio (MAN, Scania, VW Caminhões) and role as a leading European commercial-vehicle manufacturer provide structural scale and product breadth across segments and geographies. That diversification helps stabilize volumes, supports global dealer networks and spreads product-cycle risk over 2–6 months and longer.
Negative Factors
Sharp rise in leverage
Debt increasing sharply reduces financial flexibility and raises interest and refinancing exposure, constraining investment and potentially increasing funding costs. With equity growth modest, higher leverage amplifies downside risk if demand or margins deteriorate further over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Market position & brand diversification
TRATON's multi-brand portfolio (MAN, Scania, VW Caminhões) and role as a leading European commercial-vehicle manufacturer provide structural scale and product breadth across segments and geographies. That diversification helps stabilize volumes, supports global dealer networks and spreads product-cycle risk over 2–6 months and longer.
Read all positive factors
TRATON SE (8TRA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€16.65B
Dividend Yield5.67%
Average Volume (3M)178.11K
Price to Earnings (P/E)9.9
Beta (1Y)1.31
Revenue Growth-7.11%
EPS Growth-30.83%
CountryDE
Employees106,140
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)1.02
Shares Outstanding500,000,000
10 Day Avg. Volume185,345
30 Day Avg. Volume178,111
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.82
Price to Sales (P/S)0.35
P/FCF Ratio-8.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€35.62Price Target Upside6.97% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)4.11
Revenue Forecast (FY)€46.02B
TRATON SE Business Overview & Revenue Model
Company Description
Traton SE manufactures commercial vehicles worldwide. It operates in Industrial Business and Financial Services segments. The company offers light and heavy-duty commercial vehicles, such as trucks and bus chassis; vans; construction vehicles; cit...
How the Company Makes Money
TRATON SE generates revenue primarily through the sale of heavy-duty and medium-duty trucks and buses. The company earns significant income from its manufacturing operations, where it designs, produces, and sells vehicles to fleet operators and bu...
TRATON SE Earnings Call Summary
Earnings Call Date:Jul 25, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Neutral
The call presents a mixed sentiment. While there are significant strides in electrification and financial services expansion, the ongoing market challenges, particularly in North America and Brazil, have led to a lowered full year outlook and declining sales revenue. The positive aspects are somewhat overshadowed by the prevailing market uncertainties and the need to adjust production capacities.Positive Updates
Increased Deliveries
Deliveries increased by 9% over Q1, though year-over-year unit sales grew by only 1%.
Negative Updates
Decline in Sales Revenue
Sales revenues dropped by 2% year-over-year due to market challenges and unfavorable mix effects.
Read all updates
Q2-2025 Updates
Positive
Negative
Increased Deliveries
Deliveries increased by 9% over Q1, though year-over-year unit sales grew by only 1%.
Read all positive updates
Company Guidance
In the Traton Q2 2025 Results Conference Call, the company provided several key metrics and updates. Deliveries increased by 9% over Q1 but only grew by 1% year-over-year, while sales revenues dropped by 2%. The adjusted return on sales declined to 6.4% in Q2, primarily due to volume effects, although a better group margin sequentially from Q1 to Q2 was observed. Incoming orders rose by 11%, with a notable 27% year-over-year increase in Europe, although this was down from a 56% growth in Q1. The book-to-bill ratio dropped below 1, at 0.91. The company revised its full-year outlook, citing ongoing market challenges in Europe, North America, and Brazil, with an expected decline in unit sales and revenue between -10% and 0%, and an adjusted return on sales anticipated at 6% to 7%. Net cash flow for Traton Operations is now projected to be between EUR 1 billion and EUR 1.5 billion. The call highlighted strategic investments in electrification and sustainable transportation, such as Scania's high-capacity charging solution and MAN's production of electric trucks.TRATON SE Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.05B | 47.47B | 46.87B | 40.34B | 30.62B |
| Gross Profit | 8.42B | 10.10B | 9.24B | 6.85B | 5.54B |
| EBITDA | 5.76B | 7.42B | 6.68B | 4.81B | 3.14B |
| Net Income | 1.55B | 2.80B | 2.45B | 1.14B | 457.00M |
Balance Sheet | |||||
| Total Assets | 68.20B | 65.55B | 61.70B | 58.26B | 55.12B |
| Cash, Cash Equivalents and Short-Term Investments | 3.38B | 3.41B | 1.78B | 2.21B | 2.81B |
| Total Debt | 27.04B | 9.43B | 22.11B | 21.13B | 18.20B |
| Total Liabilities | 49.57B | 47.70B | 45.21B | 43.88B | 41.67B |
| Stockholders Equity | 18.63B | 17.84B | 16.48B | 14.37B | 13.44B |
Cash Flow | |||||
| Free Cash Flow | -1.89B | -401.00M | 374.00M | -2.57B | -65.00M |
| Operating Cash Flow | 902.00M | 2.34B | 2.58B | -660.00M | 1.53B |
| Investing Cash Flow | -2.73B | -2.81B | -2.37B | -1.81B | -2.45B |
| Financing Cash Flow | 2.02B | 1.39B | -128.00M | 2.22B | 1.17B |
TRATON SE Technical Analysis
Positive
33.30
Price Trends
33.23
Positive
31.68
Positive
30.48
Positive
Market Momentum
-0.02
Negative
57.97
Neutral
89.91
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:8TRA, the sentiment is Positive. The current price of 33.3 is above the 20-day moving average (MA) of 30.91, above the 50-day MA of 33.23, and above the 200-day MA of 30.48, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.97 is Neutral, neither overbought nor oversold. The STOCH value of 89.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:8TRA.
TRATON SE Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €10.06B | 22.78 | 17.25% | 2.01% | 2.26% | 6.49% | |
68 Neutral | €33.92B | 14.57 | 9.22% | 5.13% | -10.34% | -31.23% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €34.03B | 28.10 | 85.89% | 1.58% | 22.16% | 18.23% | |
62 Neutral | €17.65B | 18.80 | 29.86% | 0.62% | 45.24% | ― | |
54 Neutral | €20.72B | 22.72 | 4.94% | 7.14% | 8.66% | 5.41% | |
52 Neutral | €16.65B | 9.86 | 8.55% | 5.67% | -7.11% | -30.83% |
* Industrials Sector Average
DE:8TRA
TRATON SE
33.30
7.89
31.05%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.