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SURTECO
(XETRA:SUR)
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Rating:46Neutral
Price Target:
€8.00
▼(-11.11% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by weak financial performance (declining revenue and recurring net losses) and bearish technicals (below key moving averages with very weak momentum). Valuation is somewhat supported by the ~3.55% dividend yield, but the negative P/E reflects loss-making results and limits valuation comfort.
Positive Factors
Diversified B2B product suite
SURTECO supplies a broad set of decorative and functional surface materials to industrial furniture, flooring and interior customers across regions. That product breadth and B2B focus create recurring project-driven demand, long-term OEM relationships, and customization-led stickiness that support stable revenues over cycles.
Negative Factors
Weak revenue trajectory
A materially weaker revenue trend reduces operating leverage and limits the ability to spread fixed costs. Sustained top-line declines can erode customer scale, pricing power and supplier negotiating leverage, making it harder to restore durable margins and rebuild growth absent product or market expansion initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified B2B product suite
SURTECO supplies a broad set of decorative and functional surface materials to industrial furniture, flooring and interior customers across regions. That product breadth and B2B focus create recurring project-driven demand, long-term OEM relationships, and customization-led stickiness that support stable revenues over cycles.
Read all positive factors
SURTECO (SUR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€131.02M
Dividend Yield3.55%
Average Volume (3M)531.00
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth-5.75%
EPS Growth-122.76%
CountryDE
Employees3,620
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-0.76
Shares Outstanding15,505,731
10 Day Avg. Volume448
30 Day Avg. Volume531
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.47
Price to Sales (P/S)0.21
P/FCF Ratio24.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.64
Revenue Forecast (FY)€819.14M
SURTECO Business Overview & Revenue Model
Company Description
Surteco Group SE, based in Buttenwiesen, Germany, is engaged in the development, production, and worldwide sale of coated surface materials made from paper and plastic. Its market reach extends across Germany, the rest of Europe, and both North an...
How the Company Makes Money
SURTECO primarily makes money by manufacturing and selling surface products that enable customers to decorate and protect furniture and interior components. Its revenue model is largely business-to-business and transaction-based, with income recog...
SURTECO Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
45
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 805.71M | 821.19M | 856.59M | 835.09M | 747.70M | 757.06M |
| Gross Profit | 129.24M | 130.44M | 444.25M | 400.36M | 360.53M | 391.43M |
| EBITDA | 76.06M | 101.75M | 99.72M | 68.27M | 85.82M | 117.02M |
| Net Income | -11.85M | -14.34M | 8.41M | -12.29M | 25.23M | 47.81M |
Balance Sheet | ||||||
| Total Assets | 918.55M | 948.73M | 1.01B | 1.04B | 851.86M | 795.15M |
| Cash, Cash Equivalents and Short-Term Investments | 30.02M | 80.54M | 73.64M | 111.81M | 121.80M | 74.75M |
| Total Debt | 379.20M | 392.91M | 411.10M | 471.11M | 270.51M | 225.61M |
| Total Liabilities | 549.18M | 585.07M | 601.92M | 648.89M | 425.79M | 381.47M |
| Stockholders Equity | 369.37M | 363.67M | 410.48M | 392.63M | 426.07M | 413.68M |
Cash Flow | ||||||
| Free Cash Flow | 8.31M | 7.00M | 40.03M | 61.77M | 18.82M | 10.65M |
| Operating Cash Flow | 29.93M | 32.42M | 64.92M | 100.58M | 69.14M | 43.75M |
| Investing Cash Flow | -26.26M | -27.71M | -27.85M | -273.17M | -38.94M | -30.68M |
| Financing Cash Flow | -22.19M | 3.83M | -78.71M | 166.70M | 15.08M | -72.63M |
SURTECO Technical Analysis
Negative
9.00
Price Trends
9.58
Negative
9.93
Negative
10.98
Negative
Market Momentum
-0.29
Positive
24.93
Positive
4.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SUR, the sentiment is Negative. The current price of 9 is below the 20-day moving average (MA) of 9.45, below the 50-day MA of 9.58, and below the 200-day MA of 10.98, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 24.93 is Positive, neither overbought nor oversold. The STOCH value of 4.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:SUR.
SURTECO Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €306.69M | 11.60 | 9.19% | 3.15% | 6.10% | -10.16% | |
60 Neutral | €548.06M | 13.98 | 5.26% | 0.33% | -1.31% | 4.16% | |
59 Neutral | €18.50M | -735.00 | <0.01% | 1.90% | -6.38% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €411.94M | -70.91 | 3.19% | 5.41% | -9.50% | -136.32% | |
46 Neutral | €131.02M | -16.48 | -2.16% | 3.33% | -5.75% | -122.76% |
* General Sector Average
DE:SUR
SURTECO
8.25
-5.55
-40.22%
DE:ACWN
A.S. Creation Tapeten AG
7.30
<0.01
0.03%
DE:SIM0
Simona AG
72.50
14.74
25.51%
DE:STO3
STO SE & Co. KGaA
96.00
-23.72
-19.81%
DE:UZU
Uzin Utz
60.20
-5.00
-7.66%
DE:VIB3
Villeroy & Boch
15.55
-1.18
-7.06%
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.