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KWS SAAT
(XETRA:KWS)
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Rating:66Neutral
Price Target:
€80.00
▲(9.89% Upside)
Action:Downgraded
Date:07/12/26
The score is primarily supported by strong profitability and a de-risking balance sheet, but it is capped by weak and inconsistent cash generation (low cash conversion and declining free cash flow). Technicals are positive but appear overextended (RSI/Stochastic elevated), while valuation is reasonable with a modest dividend yield.
Positive Factors
Profitability / Margins
Consistently high gross margins (~61–63%) and an EBIT margin around 16.5% indicate durable pricing power from proprietary genetics and efficient seed production. Sustainable margins provide a buffer in agricultural cycles and fund ongoing R&D and breeding investments over multiple seasons.
Negative Factors
Weak Cash Conversion
Operating cash generation is thin relative to reported earnings (OCF/net income ~0.14, OCF ~121M), indicating potential working capital drag or non-cash accounting items. Poor cash conversion limits the company’s ability to fund capex, R&D and dividends sustainably without using balance sheet capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability / Margins
Consistently high gross margins (~61–63%) and an EBIT margin around 16.5% indicate durable pricing power from proprietary genetics and efficient seed production. Sustainable margins provide a buffer in agricultural cycles and fund ongoing R&D and breeding investments over multiple seasons.
Read all positive factors
KWS SAAT (KWS) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.40B
Dividend Yield1.7%
Average Volume (3M)11.26K
Price to Earnings (P/E)15.2
Beta (1Y)0.27
Revenue Growth1.13%
EPS Growth-65.04%
CountryDE
Employees4,951
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)4.83
Shares Outstanding33,000,000
10 Day Avg. Volume13,157
30 Day Avg. Volume11,255
Financial Highlights & Ratios
PEG Ratio-8.97
Price to Book (P/B)2.15
Price to Sales (P/S)2.05
P/FCF Ratio29.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€78.00Price Target Upside7.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.38
Revenue Forecast (FY)€1.72B
KWS SAAT Business Overview & Revenue Model
Company Description
KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture. It operates through four segments: Sugarbeet, Corn, Cereals, and Vegetables. The Corn segment breeds, produces, and distributes seed for corn, soybeans, and sunflowers...
How the Company Makes Money
KWS primarily makes money by selling agricultural seeds and related licensing income generated from its proprietary plant genetics.
Key revenue streams include:
1) Seed sales (core operating revenue): KWS develops and commercializes crop varietie...
KWS SAAT Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.68B | 1.68B | 1.68B | 1.50B | 1.54B | 1.31B |
| Gross Profit | 1.06B | 1.06B | 1.06B | 910.40M | 845.21M | 739.54M |
| EBITDA | 354.42M | 350.52M | 384.98M | 283.15M | 252.64M | 254.38M |
| Net Income | 151.45M | 236.35M | 130.83M | 126.99M | 107.76M | 110.61M |
Balance Sheet | ||||||
| Total Assets | 3.09B | 2.68B | 2.96B | 2.75B | 2.65B | 2.38B |
| Cash, Cash Equivalents and Short-Term Investments | 350.80M | 407.01M | 259.22M | 241.53M | 258.92M | 263.34M |
| Total Debt | 539.30M | 483.53M | 658.79M | 785.13M | 774.73M | 746.73M |
| Total Liabilities | 1.31B | 1.07B | 1.56B | 1.46B | 1.41B | 1.32B |
| Stockholders Equity | 1.78B | 1.60B | 1.40B | 1.29B | 1.25B | 1.05B |
Cash Flow | ||||||
| Free Cash Flow | 65.14M | 118.42M | 10.88M | 35.14M | 6.17M | 87.41M |
| Operating Cash Flow | 121.14M | 226.54M | 146.94M | 144.65M | 100.32M | 168.32M |
| Investing Cash Flow | -46.77M | 166.83M | -103.39M | -100.14M | -90.87M | -84.16M |
| Financing Cash Flow | -41.65M | -236.85M | 24.75M | -59.34M | -28.43M | 34.93M |
KWS SAAT Technical Analysis
Positive
72.80
Price Trends
70.83
Positive
71.09
Positive
69.53
Positive
Market Momentum
1.00
Negative
58.99
Neutral
46.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KWS, the sentiment is Positive. The current price of 72.8 is above the 20-day moving average (MA) of 70.95, above the 50-day MA of 70.83, and above the 200-day MA of 69.53, indicating a bullish trend. The MACD of 1.00 indicates Negative momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 46.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:KWS.
KWS SAAT Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €2.40B | 15.18 | 9.39% | 1.85% | 1.13% | -65.04% | |
57 Neutral | €2.52B | -1.93 | -29.00% | 1.23% | 3.15% | ― | |
56 Neutral | €2.11B | -27.64 | -10.00% | 1.02% | 19.36% | -133.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €1.32B | -0.24 | 64.53% | ― | ― | ― | |
52 Neutral | €2.34B | -6.79 | -13.53% | 2.23% | -11.18% | -51.26% |
* General Sector Average
DE:KWS
KWS SAAT
73.30
9.97
15.75%
DE:BYW
BayWa AG
10.25
1.36
15.27%
DE:CE2
CropEnergies
13.90
0.20
1.46%
DE:SDF
K+S Aktiengesellschaft
14.20
-0.82
-5.47%
DE:SZU
Suedzucker
11.64
1.25
12.03%
DE:VBK
verbio Vereinigte BioEnergie
32.62
20.61
171.61%
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.