Salzgitter AG (DE:SZG)
XETRA:SZG
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Salzgitter
(XETRA:SZG)
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Rating:49Neutral
Price Target:
€36.00
▼(-6.49% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak financial performance (recent losses, declining revenue, and deeply negative free cash flow) and bearish technical momentum. These are partially offset by a low P/E and high dividend yield, which improve the valuation profile despite elevated sustainability risk.
Positive Factors
Integrated production, trading and services
Salzgitter's vertically integrated model—steelmaking, trading/distribution and services/technology—creates multiple revenue streams and internal margin capture. This diversification helps stabilize cash flow across cycles, supports cross-selling and reduces sole dependence on commodity price swings over months.
Negative Factors
Declining revenue trend
An ongoing revenue decline signals weaker demand or pricing in key end markets. Persistent top-line erosion pressures fixed-cost absorption and margins, reduces scale benefits and heightens dependency on volume recovery for profit restoration over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated production, trading and services
Salzgitter's vertically integrated model—steelmaking, trading/distribution and services/technology—creates multiple revenue streams and internal margin capture. This diversification helps stabilize cash flow across cycles, supports cross-selling and reduces sole dependence on commodity price swings over months.
Read all positive factors
Salzgitter (SZG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.34B
Dividend Yield0.51%
Average Volume (3M)283.50K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue Growth-9.52%
EPS Growth-4.21%
CountryDE
Employees23,868
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-0.44
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
€46.70Price Target Upside21.30% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)2.91
Revenue Forecast (FY)€9.76B
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
Neutral
38.50
Price Trends
46.62
Negative
42.81
Negative
33.87
Positive
Market Momentum
-3.04
Negative
43.08
Neutral
75.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SZG, the sentiment is Neutral. The current price of 38.5 is below the 20-day moving average (MA) of 39.77, below the 50-day MA of 46.62, and above the 200-day MA of 33.87, indicating a neutral trend. The MACD of -3.04 indicates Negative momentum. The RSI at 43.08 is Neutral, neither overbought nor oversold. The STOCH value of 75.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €1.37B | 15.91 | 10.59% | 1.46% | 9.63% | -7.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €363.05M | -44.43 | -18.51% | 3.51% | -6.21% | -995.53% | |
53 Neutral | €1.21B | -15.10 | -8.11% | 2.52% | 4.41% | 50.71% | |
49 Neutral | €2.34B | -29.26 | -1.68% | 0.51% | -9.52% | -4.21% | |
47 Neutral | €413.25M | -3.43 | -16.03% | ― | -14.48% | -340.02% |
* General Sector Average
DE:SZG
Salzgitter
38.94
16.46
73.21%
DE:B5A0
Bauer AG
5.80
0.70
13.73%
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5.73
1.38
31.66%
DE:KCO
Kloeckner & Co. SE
12.18
6.04
98.40%
DE:SGL
SGL Carbon
3.38
0.25
7.81%
DE:VOS
Vossloh
71.10
10.07
16.51%
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.