SURTECO SE (DE:SUR)
XETRA:SUR
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SURTECO
(XETRA:SUR)
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Rating:42Neutral
Price Target:
€10.00
▼(-8.26% Downside)
Action:ReiteratedDate:04/23/26
The score is driven down primarily by weakening financial performance (renewed losses, higher leverage, and sharply lower 2025 cash flow). Technical signals also remain negative (below key moving averages with a negative MACD). Valuation further detracts due to an exceptionally high P/E despite only a moderate dividend yield.
Positive Factors
B2B recurring demand
SURTECO's core B2B model sells specification-driven surface and edge materials into furniture and panel supply chains, creating repeat-production revenue. Spec matching and industrial procurement cycles support durable baseline volumes and predictable reorder patterns across cycles.
Negative Factors
Rising leverage
Leverage increasing materially over recent years reduces financial flexibility. Higher debt alongside a shrinking equity base elevates refinancing and covenant risks, constrains capital allocation, and leaves less room to buffer demand shocks or fund strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
B2B recurring demand
SURTECO's core B2B model sells specification-driven surface and edge materials into furniture and panel supply chains, creating repeat-production revenue. Spec matching and industrial procurement cycles support durable baseline volumes and predictable reorder patterns across cycles.
Read all positive factors
SURTECO (SUR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€156.61M
Dividend Yield2.75%
Average Volume (3M)531.00
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-5.75%
EPS Growth-122.76%
CountryDE
Employees3,726
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-0.92
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)-0.16
Revenue Forecast (FY)€819.19M
SURTECO Business Overview & Revenue Model
Company Description
Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic in Germany, rest of Europe, and North and South America. The company operates through Decoratives, Profiles, and Technicals segments. The Decorative...
How the Company Makes Money
SURTECO primarily makes money by selling surface and edge products to industrial customers in the wood-based materials and furniture value chain (e.g., panel producers, furniture manufacturers, and interior fit-out producers). Key revenue streams ...
SURTECO Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
48
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 821.19M | 856.59M | 835.09M | 747.70M | 757.06M |
| Gross Profit | 130.44M | 444.25M | 400.36M | 360.53M | 391.43M |
| EBITDA | 101.75M | 99.72M | 68.27M | 85.82M | 117.02M |
| Net Income | -14.34M | 8.41M | -12.29M | 25.23M | 47.81M |
Balance Sheet | |||||
| Total Assets | 948.73M | 1.01B | 1.04B | 851.86M | 795.15M |
| Cash, Cash Equivalents and Short-Term Investments | 80.54M | 73.64M | 111.81M | 121.80M | 74.75M |
| Total Debt | 392.91M | 411.10M | 471.11M | 270.51M | 225.61M |
| Total Liabilities | 585.07M | 601.92M | 648.89M | 425.79M | 381.47M |
| Stockholders Equity | 363.67M | 410.48M | 392.63M | 426.07M | 413.68M |
Cash Flow | |||||
| Free Cash Flow | 7.00M | 40.03M | 61.77M | 18.82M | 10.65M |
| Operating Cash Flow | 32.42M | 64.92M | 100.58M | 69.14M | 43.75M |
| Investing Cash Flow | -27.71M | -27.85M | -273.17M | -38.94M | -30.68M |
| Financing Cash Flow | 3.83M | -78.71M | 166.70M | 15.08M | -72.63M |
SURTECO Technical Analysis
Negative
10.90
Price Trends
11.40
Negative
11.53
Negative
12.61
Negative
Market Momentum
-0.33
Negative
38.78
Neutral
63.73
Neutral
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 10.9 is above the 20-day moving average (MA) of 10.35, below the 50-day MA of 11.40, and below the 200-day MA of 12.61, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 38.78 is Neutral, neither overbought nor oversold. The STOCH value of 63.73 is Neutral, 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 | €359.16M | 7.06 | 9.19% | 2.66% | 1.79% | 29.51% | |
60 Neutral | €560.54M | 7.52 | 5.26% | 2.76% | -1.31% | 4.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €18.87M | 11.59 | 0.25% | ― | -5.60% | ― | |
48 Neutral | €471.36M | 17.75 | 4.14% | 5.56% | 1.83% | 148.13% | |
42 Neutral | €156.61M | -4.65 | -3.82% | 2.75% | -5.75% | -122.76% |
* General Sector Average
DE:SUR
SURTECO
10.20
-6.15
-37.60%
DE:ACWN
A.S. Creation Tapeten AG
7.45
1.70
29.57%
DE:SIM0
Simona AG
60.00
1.08
1.83%
DE:STO3
STO SE & Co. KGaA
97.50
-18.03
-15.61%
DE:UZU
Uzin Utz
70.20
10.60
17.79%
DE:VIB3
Villeroy & Boch
17.50
0.89
5.36%
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.