Salzgitter AG (DE:SZG)
XETRA:SZG
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Salzgitter
(XETRA:SZG)
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Rating:67Neutral
Price Target:
€61.00
▲(21.15% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak fundamentals—especially deeply negative free cash flow and fragile profitability—despite improving revenue and a manageable balance sheet. This is partially offset by strong technical uptrend signals and an attractive valuation (low P/E and high dividend yield).
Positive Factors
Revenue recovery & profit turnaround
A sustained revenue increase with net income returning to profit signals improving end-market demand and pricing power. Over a 2–6 month horizon this underpins operational leverage, supports reinvestment and reduces bankruptcy risk versus prior loss periods.
Negative Factors
Deeply negative free cash flow
Persistent negative free cash flow means the business burns cash after investment, forcing reliance on external funding or asset sales. Over months this constrains dividends, M&A and capex prioritization and raises refinancing and liquidity risk if profitability slips.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery & profit turnaround
A sustained revenue increase with net income returning to profit signals improving end-market demand and pricing power. Over a 2–6 month horizon this underpins operational leverage, supports reinvestment and reduces bankruptcy risk versus prior loss periods.
Read all positive factors
Salzgitter (SZG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.43B
Dividend Yield0.51%
Average Volume (3M)283.50K
Price to Earnings (P/E)6.1
Beta (1Y)1.74
Revenue Growth-6.90%
EPS GrowthN/A
CountryDE
Employees23,868
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.78
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
€54.70Price Target Upside8.64% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)4.28
Revenue Forecast (FY)€9.64B
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
46
Neutral
Balance Sheet
60
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.00B | 8.98B | 10.01B | 10.79B | 12.55B | 9.77B |
| Gross Profit | 2.05B | 457.10M | 448.40M | 3.37B | 4.16B | 3.54B |
| EBITDA | 284.70M | 45.00M | -68.60M | 624.00M | 1.44B | 1.12B |
| Net Income | 42.00M | -74.20M | -352.20M | 200.10M | 1.08B | 581.10M |
Balance Sheet | ||||||
| Total Assets | 10.82B | 10.48B | 10.47B | 10.50B | 11.10B | 10.25B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.06B | 1.00B | 939.70M | 988.40M | 791.50M |
| Total Debt | 2.31B | 2.22B | 1.76B | 1.30B | 1.70B | 1.51B |
| Total Liabilities | 6.25B | 6.05B | 6.02B | 5.67B | 6.25B | 6.90B |
| Stockholders Equity | 4.56B | 4.43B | 4.44B | 4.83B | 4.84B | 3.35B |
Cash Flow | ||||||
| Free Cash Flow | -497.40M | -653.90M | -659.90M | 140.20M | 154.00M | -14.00M |
| Operating Cash Flow | 569.80M | 416.40M | 408.40M | 892.00M | 596.50M | 329.40M |
| Investing Cash Flow | -496.70M | -692.80M | -677.40M | -430.50M | -367.70M | -366.60M |
| Financing Cash Flow | 447.70M | 363.40M | 331.90M | -498.30M | 11.30M | 146.30M |
Salzgitter Technical Analysis
Positive
50.35
Price Trends
46.25
Positive
47.69
Positive
38.33
Positive
Market Momentum
2.63
Negative
62.54
Neutral
84.31
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 below the 20-day moving average (MA) of 51.83, above the 50-day MA of 46.25, and above the 200-day MA of 38.33, indicating a bullish trend. The MACD of 2.63 indicates Negative momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 84.31 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | €3.43B | 6.14 | 0.95% | 0.51% | -6.90% | ― | |
62 Neutral | €1.32B | -43.22 | 8.48% | 1.46% | 18.03% | -28.45% | |
61 Neutral | €365.59M | 5.33 | 0.83% | 3.51% | -6.42% | ― | |
59 Neutral | €552.63M | 16.94 | -16.03% | ― | -19.00% | 32.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €1.24B | -69.40 | -1.91% | 2.52% | -4.26% | 82.72% |
* General Sector Average
DE:SZG
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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.