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Suedzucker
(XETRA:SZU)
Select Model
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Rating:52Neutral
Price Target:
€12.00
▲(2.74% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily held back by weak financial performance (revenue decline and a return to sizable net losses), only partially cushioned by positive operating cash flow and manageable leverage. Technicals add moderate support due to an established uptrend, but overbought momentum signals temper the outlook. Valuation is mixed because a negative P/E reflects loss-making earnings while the dividend yield is modest.
Positive Factors
Integrated, diversified business model
Südzucker's vertically integrated model converts beet and cereals into multiple outputs (sugar, starch, ethanol, feed and specialty ingredients). That diversification and ability to monetize co-products supports structural resilience and margin optionality across cycles and end markets over months.
Negative Factors
Sharp revenue decline and net loss
A marked drop in revenue and a sizeable net loss reflect deteriorating top-line traction and operating stress. Persisting revenue declines reduce scale benefits, constrain margin recovery, and force tough allocation choices that can weaken competitive position over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated, diversified business model
Südzucker's vertically integrated model converts beet and cereals into multiple outputs (sugar, starch, ethanol, feed and specialty ingredients). That diversification and ability to monetize co-products supports structural resilience and margin optionality across cycles and end markets over months.
Read all positive factors
Suedzucker (SZU) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.38B
Dividend Yield1.29%
Average Volume (3M)188.85K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-11.18%
EPS Growth-51.26%
CountryDE
Employees19,853
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)-1.72
Shares Outstanding204,183,290
10 Day Avg. Volume234,684
30 Day Avg. Volume188,846
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.96
Price to Sales (P/S)0.25
P/FCF Ratio103.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€11.50Price Target Upside-1.54% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.4
Revenue Forecast (FY)€8.34B
Suedzucker Business Overview & Revenue Model
Company Description
Südzucker AG, established in Mannheim, Germany, in 1837, is an international enterprise specializing in the production and distribution of sugar-related products. Operating as a subsidiary of Süddeutsche Zuckerrübenverwertungs-Genossenschaft eG, t...
How the Company Makes Money
Südzucker makes money primarily by processing agricultural raw materials (notably sugar beet and cereals) into food ingredients and renewable products and selling them to industrial customers, retailers, and other buyers. Key revenue streams inclu...
Suedzucker Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2024 | Feb 2023 | Feb 2021 | Feb 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.26B | 8.35B | 9.69B | 9.50B | 6.68B | 6.67B |
| Gross Profit | 1.20B | 1.10B | 2.85B | 3.09B | 2.29B | 2.22B |
| EBITDA | 524.00M | 404.00M | 606.00M | 1.10B | 594.90M | 496.70M |
| Net Income | -334.00M | -362.00M | -78.00M | 412.00M | -93.70M | -108.50M |
Balance Sheet | ||||||
| Total Assets | 8.08B | 8.60B | 9.50B | 9.70B | 8.00B | 8.41B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 386.00M | 781.00M | 490.10M | 445.00M | 505.40M |
| Total Debt | 2.11B | 2.87B | 2.40B | 2.28B | 1.91B | 2.05B |
| Total Liabilities | 4.50B | 5.80B | 5.47B | 5.50B | 4.44B | 4.74B |
| Stockholders Equity | 2.18B | 2.15B | 3.27B | 3.23B | 2.68B | 2.78B |
Cash Flow | ||||||
| Free Cash Flow | 65.00M | 20.00M | 332.00M | -156.10M | 195.50M | -180.10M |
| Operating Cash Flow | 473.00M | 462.00M | 906.00M | 243.50M | 480.50M | 155.20M |
| Investing Cash Flow | -265.00M | -302.00M | -473.00M | -522.90M | -202.10M | -276.10M |
| Financing Cash Flow | -836.00M | -396.00M | -118.00M | 209.00M | -271.70M | 169.90M |
Suedzucker Technical Analysis
Positive
11.68
Price Trends
11.23
Positive
11.20
Positive
10.39
Positive
Market Momentum
0.20
Negative
63.60
Neutral
79.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SZU, the sentiment is Positive. The current price of 11.68 is above the 20-day moving average (MA) of 11.02, above the 50-day MA of 11.23, and above the 200-day MA of 10.39, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 63.60 is Neutral, neither overbought nor oversold. The STOCH value of 79.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SZU.
Suedzucker Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €2.41B | 15.11 | 9.39% | 1.85% | 1.13% | -65.04% | |
57 Neutral | €2.54B | -1.93 | -29.00% | 1.23% | 3.15% | ― | |
56 Neutral | €2.11B | -27.90 | -10.00% | 1.02% | 19.36% | -133.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €2.38B | -6.81 | -13.53% | 2.23% | -11.18% | -51.26% | |
52 Neutral | €1.31B | -0.24 | 64.53% | ― | ― | ― |
* General Sector Average
DE:SZU
Suedzucker
11.44
1.17
11.39%
DE:BYW
BayWa AG
10.55
1.30
14.10%
DE:CE2
CropEnergies
14.00
0.30
2.19%
DE:SDF
K+S Aktiengesellschaft
14.08
-0.82
-5.52%
DE:KWS
KWS SAAT
72.70
9.57
15.16%
DE:VBK
verbio Vereinigte BioEnergie
32.94
21.04
176.81%
Suedzucker Corporate Events
Business Operations and StrategyStock Buyback
Südzucker completes targeted share buyback for employee program
Neutral
Jun 3, 2026
Südzucker AG has completed a small-scale share buyback on 1 June 2026, acquiring 29,000 shares at an average price of EUR 11.55 via XETRA for a total of about EUR 335,000. The transaction, executed independently by a mandated bank, is intende...
Stock BuybackRegulatory Filings and Compliance
Südzucker Launches Targeted Share Buyback for Employee Share Program
Neutral
May 29, 2026
Südzucker AG plans to buy back up to 35,000 of its own shares on the Frankfurt Stock Exchange’s Xetra platform between 1 and 10 June 2026, with the program capped at a total of EUR 500,000 excluding ancillary costs. The repurchased shar...
Business Operations and StrategyFinancial Disclosures
Südzucker Sees Strong Q1 Earnings Rise, Confirms 2026/27 EBITDA Guidance
Positive
May 13, 2026
Südzucker AG expects a significant year-on-year increase in group EBITDA for the first quarter of its 2026/27 financial year, compared with the prior-year level of EUR 96 million. The group links this improvement to stronger operational perfo...
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.