K+S Aktiengesellschaft (SDF) AI Stock Analysis

• Market Cap: €3.21B
• Dividend Yield: 1.23%
• Average Volume (3M): 670.89K
• Price to Earnings (P/E): 1.0
• Beta (1Y): 0.56
• Revenue Growth: -1.67%
• EPS Growth: -6688.89%
• Country: DE
• Employees: 11,382
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 0.34
• Shares Outstanding: 179,100,000
• 10 Day Avg. Volume: 640,724
• 30 Day Avg. Volume: 670,890
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 78.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €15.37
• Price Target Upside: -14.13% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 7
• EPS Forecast (FY): 1.02
• Revenue Forecast (FY): €3.80B

• Rating: 58 Neutral
• Price Target: €19.00 ▲(6.15% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held back primarily by weak recent financial performance—profitability has deteriorated into deep losses and free cash flow has weakened despite positive operating cash flow. Technicals are supportive with a strong uptrend, but overbought readings increase near-term pullback risk. Valuation appears low on P/E, but the low dividend yield limits support from income/return-of-capital.

Positive Factors

Market Position

K+S's position as a global producer of potash and salt underpins durable demand exposure across agriculture, industrial and consumer markets. Scale and product breadth support long-term distribution reach, resilience to local shocks, and bargaining power with large customers.

Contracted Revenue Streams

Established long-term contracts with cooperatives and distributors provide predictable volumes and revenue visibility, reducing sales volatility. This structural customer footprint supports planning for production, stabilizes working capital needs, and cushions cyclical commodity swings.

Operating Cash Flow Resilience

Consistent positive operating cash flow, even through loss years, indicates underlying cash-generative operations. That durability supports liquidity, funds ongoing operations and capex in the near term, and reduces immediate refinancing pressure compared with firms lacking operating cash.

Negative Factors

Profitability Deterioration

A shift to negative gross and operating profit in 2025 shows structural margin stress beyond a typical cycle. Persistent unprofitability erodes internal investment capacity, weakens pricing leverage and may force cost or asset restructuring, harming long-term competitiveness if not reversed.

Free Cash Flow Weakness

Material decline in free cash flow reduces financial flexibility for dividends, capex and debt reduction. If weak FCF persists, the company may need external financing or asset sales, increasing financing costs and constraining strategic investments over the medium term.

Eroding Equity and ROE

Declining equity and negative ROE indicate capital erosion from sustained losses, reducing buffer against shocks and potentially increasing borrowing costs. Continued erosion constrains growth options and could necessitate recapitalization, diluting shareholders or stressing covenants.

K+S Aktiengesellschaft Business Overview & Revenue Model

Company Description

K+S Aktiengesellschaft, together with its subsidiaries, operates as a supplier of mineral products for the agricultural, industrial, consumer, and community segments worldwide. It operates through Agriculture, and Industry+ segments. The Agriculture segment offers potassium chloride for important crops, such as cereals, corn, rice, and soybeans; and fertilizer specialties that are used for crops for magnesium and sulfur, including rapeseed or potatoes, as well as for chloride-sensitive crops consisting of citrus fruits, grapes, or vegetables. The segment markets under the product brands, including KALISOP, KORN-KALI, PATENTKALI, ESTA KIESERIT, MAGNESIA-KAINIT, SOLUMOP, SOLUSOP, SOLUNOP, SOLUMAP, SOLUMKP, EPSO TOP, EPSO MICROTOP, EPSO COMBITOP, EPSO PROFITOP, and EPSO BORTOP. The Industry+ segment provides potash, magnesium, and salt products for industrial applications that are available in different degrees of purity and in specific grain sizes under the brands comprising APISAL, AXAL, BÄCKERSTOLZ, KASA, k-DRILL, NUTRIKS, and SOLSEL. The company was founded in 1889 and is based in Kassel, Germany.

How the Company Makes Money

K+S Aktiengesellschaft generates revenue primarily through the sale of potash fertilizers and salt products. The Potash and Magnesium Products segment contributes significantly to the company's earnings, driven by global demand for fertilizers to support agricultural productivity. The company also benefits from long-term contracts with agricultural cooperatives and distributors. In addition to potash, K+S's Salt segment produces industrial and consumer salt, which is sold to various sectors, including food, chemical, and de-icing markets. Strategic partnerships with agricultural enterprises and ongoing investments in production capabilities further enhance its revenue streams. Price fluctuations in global commodity markets, as well as operational efficiencies and capacity expansions, play crucial roles in shaping K+S's financial performance.

K+S Aktiengesellschaft Financial Statement Overview

Summary

Income statement is weak with a sharp profitability deterioration since 2022, moving from reduced margins to net losses and deep losses with negative gross and operating profit in 2025. The balance sheet is comparatively steadier with manageable leverage but declining equity and negative ROE raise risk if losses persist. Operating cash flow remains positive, but free cash flow weakened materially in 2024–2025, reducing flexibility.

Income Statement

Revenue was volatile: strong growth in 2022, sharp contraction in 2023, a small decline in 2024, then a return to growth in 2025. Profitability deteriorated materially after 2022—2023 remained profitable but at much lower margins, 2024 slipped to a small net loss, and 2025 moved to deep losses with negative gross profit and negative operating profit. Overall, the earnings profile looks highly cyclical with weak recent momentum.

Balance Sheet

Leverage appears manageable in recent years with relatively low debt compared with equity (debt-to-equity improved markedly versus 2020’s elevated leverage). However, equity has been trending down from 2022 to 2025, and returns on equity turned negative in 2024, signaling weakening capital efficiency. The balance sheet is a stabilizer versus the income statement, but continued losses could pressure equity over time.

Cash Flow

Operating cash flow has stayed positive across the period shown (including loss years), which supports liquidity. Free cash flow is more mixed: strong in 2022–2023, sharply weaker in 2024–2025 (near breakeven in 2025), indicating heavier reinvestment and/or weaker cash conversion. Overall cash generation is resilient at the operating line, but the drop in free cash flow reduces financial flexibility.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.65B	3.65B	3.87B	5.68B	3.21B
Gross Profit	-1.14B	307.60M	563.80M	2.46B	2.48B
EBITDA	-976.40M	423.20M	807.50M	2.73B	2.85B
Net Income	-1.08B	-66.80M	210.20M	1.51B	2.17B
Balance Sheet
Total Assets	7.94B	9.35B	9.80B	9.89B	8.74B
Cash, Cash Equivalents and Short-Term Investments	480.50M	524.10M	506.30M	1.09B	709.00M
Total Debt	765.70M	745.90M	574.50M	948.80M	1.46B
Total Liabilities	3.05B	3.14B	3.30B	3.17B	3.44B
Stockholders Equity	4.88B	6.21B	6.50B	6.72B	5.30B
Cash Flow
Free Cash Flow	28.30M	68.70M	338.80M	917.60M	-31.80M
Operating Cash Flow	583.20M	590.80M	821.00M	1.39B	326.90M
Investing Cash Flow	-373.10M	-390.30M	-189.80M	-908.60M	2.10B
Financing Cash Flow	-81.60M	-65.70M	-795.90M	-559.60M	-2.25B

K+S Aktiengesellschaft Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SDF, the sentiment is Positive. The current price of 17.9 is above the 20-day moving average (MA) of 15.71, above the 50-day MA of 14.60, and above the 200-day MA of 13.22, indicating a bullish trend. The MACD of 0.92 indicates Negative momentum. The RSI at 73.21 is Negative, neither overbought nor oversold. The STOCH value of 73.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SDF.

K+S Aktiengesellschaft Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACT	74 Outperform	€1.78B	24.68	27.29%	1.24%	1.03%	25.48%
NDA	72 Outperform	€7.18B	4.21	11.26%	1.26%	6.03%	29.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SDF	58 Neutral	€3.21B	0.97	-32.47%	1.23%	-1.67%	-6688.89%
BAS	57 Neutral	€43.10B	24.47	4.82%	5.16%	-2.94%	-45.21%
WCH	52 Neutral	€3.72B	-4.20	―	3.75%	-10.63%	-23.15%
LXS	46 Neutral	€1.15B	-5.92	-5.77%	0.59%	-6.82%	71.94%