Salzgitter AG (DE:SZG)
XETRA:SZG
Want to see DE:SZG full AI Analyst Report?
Top Page
Salzgitter
(XETRA:SZG)
Select Model
Select Model
Rating:51Neutral
Price Target:
€49.00
▼(-2.68% Downside)
Action:ReiteratedDate:04/15/26
The score is primarily held back by weak financial performance (declining revenue, recent net losses, and persistently negative free cash flow despite positive operating cash flow). Technicals provide partial support with improving longer-term trend levels, while valuation is mixed due to loss-making earnings alongside an unusually high dividend yield.
Positive Factors
Balance-sheet resilience
Sizeable equity relative to assets and only moderate leverage provide a meaningful capital cushion through steel cyclicality. This balance-sheet strength supports capital allocation, underwriting losses, and investment flexibility over multiple quarters, reducing immediate refinancing vulnerability.
Negative Factors
Declining revenue trend
Multi-year revenue declines indicate persistent weakness in demand or realized steel prices. A shrinking top line reduces scale benefits, pressures fixed-cost absorption, and limits the company’s ability to restore margins quickly, making recovery dependent on sustained market improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Sizeable equity relative to assets and only moderate leverage provide a meaningful capital cushion through steel cyclicality. This balance-sheet strength supports capital allocation, underwriting losses, and investment flexibility over multiple quarters, reducing immediate refinancing vulnerability.
Read all positive factors
Salzgitter (SZG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.82B
Dividend Yield0.51%
Average Volume (3M)283.50K
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue Growth-10.29%
EPS Growth78.93%
CountryDE
Employees23,868
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.30
Shares Outstanding60,097,000
10 Day Avg. Volume395,583
30 Day Avg. Volume283,498
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.49
Price to Sales (P/S)0.24
P/FCF Ratio-3.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€45.65Price Target Upside-9.33% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)3.66
Revenue Forecast (FY)€9.74B
Salzgitter Business Overview & Revenue Model
Company Description
Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures bra...
How the Company Makes Money
Salzgitter AG primarily makes money by selling steel and processed steel products to industrial customers and via distribution channels. Key revenue streams include (1) production and sale of steel products (e.g., flat and long products) where rev...
Salzgitter Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.98B | 10.01B | 10.79B | 12.55B | 9.77B |
| Gross Profit | 457.10M | 448.40M | 3.37B | 4.16B | 3.54B |
| EBITDA | 45.00M | -68.60M | 624.00M | 1.44B | 1.12B |
| Net Income | -74.20M | -352.20M | 200.10M | 1.08B | 581.10M |
Balance Sheet | |||||
| Total Assets | 10.48B | 10.47B | 10.50B | 11.10B | 10.25B |
| Cash, Cash Equivalents and Short-Term Investments | 1.06B | 1.00B | 939.70M | 988.40M | 791.50M |
| Total Debt | 2.22B | 1.76B | 1.30B | 1.70B | 1.51B |
| Total Liabilities | 6.05B | 6.02B | 5.67B | 6.25B | 6.90B |
| Stockholders Equity | 4.43B | 4.44B | 4.83B | 4.84B | 3.35B |
Cash Flow | |||||
| Free Cash Flow | -653.90M | -659.90M | 140.20M | 154.00M | -14.00M |
| Operating Cash Flow | 416.40M | 408.40M | 892.00M | 596.50M | 329.40M |
| Investing Cash Flow | -692.80M | -677.40M | -430.50M | -367.70M | -366.60M |
| Financing Cash Flow | 363.40M | 331.90M | -498.30M | 11.30M | 146.30M |
Salzgitter Technical Analysis
Positive
50.35
Price Trends
46.50
Positive
44.40
Positive
35.04
Positive
Market Momentum
1.38
Negative
63.51
Neutral
89.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SZG, the sentiment is Positive. The current price of 50.35 is above the 20-day moving average (MA) of 41.11, above the 50-day MA of 46.50, and above the 200-day MA of 35.04, indicating a bullish trend. The MACD of 1.38 indicates Negative momentum. The RSI at 63.51 is Neutral, neither overbought nor oversold. The STOCH value of 89.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SZG.
Salzgitter Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | €1.41B | -43.22 | 10.59% | 1.46% | 18.03% | -28.45% | |
56 Neutral | €534.90M | -3.43 | -16.03% | ― | -17.17% | 1.37% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €345.31M | -44.43 | -1.00% | 3.51% | -9.00% | 95.54% | |
53 Neutral | €1.25B | -15.10 | -3.47% | 2.52% | -3.80% | 69.65% | |
51 Neutral | €2.82B | -29.26 | -1.68% | 0.51% | -10.29% | 78.93% |
* General Sector Average
DE:SZG
Salzgitter
46.90
25.37
117.84%
DE:B5A0
Bauer AG
5.90
0.05
0.85%
DE:ZIL2
ElringKlinger
5.45
0.72
15.20%
DE:KCO
Kloeckner & Co. SE
12.56
5.72
83.71%
DE:SGL
SGL Carbon
4.38
0.87
24.82%
DE:VOS
Vossloh
72.80
4.69
6.88%
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.