Suedzucker AG (DE:SZU)
XETRA:SZU
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Suedzucker
(XETRA:SZU)
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Rating:49Neutral
Price Target:
€13.00
▲(11.30% Upside)
Action:ReiteratedDate:04/02/26
The score is primarily held back by weakened financial performance: the company is currently loss-making with softer cash conversion and rising leverage. Technicals are supportive due to a strong uptrend and positive MACD, but overbought momentum (high RSI/Stoch) increases near-term reversal risk. Valuation is constrained by negative earnings and only a modest dividend yield.
Positive Factors
Business diversification
Südzucker’s multi-segment model (sugar, special products, CropEnergies, Frucht, STW) reduces reliance on a single commodity cycle. Structural diversification into higher-value ingredients and biofuels supports more stable revenue mix and lets management shift focus to stronger margins over months.
Negative Factors
Profitability deterioration
A €168m net loss and declining revenue mark a material earnings deterioration. Persistent losses erode retained capital, limit reinvestment in higher-margin businesses, and weaken stakeholder confidence. If structural causes persist, the company may need costly restructuring or asset sales to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Business diversification
Südzucker’s multi-segment model (sugar, special products, CropEnergies, Frucht, STW) reduces reliance on a single commodity cycle. Structural diversification into higher-value ingredients and biofuels supports more stable revenue mix and lets management shift focus to stronger margins over months.
Read all positive factors
Suedzucker (SZU) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.42B
Dividend Yield2.23%
Average Volume (3M)188.85K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-14.58%
EPS Growth-191.94%
CountryDE
Employees19,853
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.02
Shares Outstanding204,183,290
10 Day Avg. Volume234,684
30 Day Avg. Volume188,846
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.76
Price to Sales (P/S)0.26
P/FCF Ratio5.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€12.05Price Target Upside3.17% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.38
Revenue Forecast (FY)€8.66B
Suedzucker Business Overview & Revenue Model
Company Description
Südzucker AG produces and sells sugar products in Germany and internationally. It operates through five segments: Sugar, Special Products, CropEnergies, Starch, and Fruit. The Sugar segment produces and sells sugar, sugar specialty products, gluco...
How the Company Makes Money
Südzucker makes money primarily by selling products across several operating segments, with revenues largely derived from B2B supply contracts and commodity-linked sales.
1) Sugar segment (core revenue stream):
- Revenue is generated from the sal...
Suedzucker Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Feb 2024 | Feb 2023 | Feb 2021 | Feb 2020 | Feb 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.58B | 9.69B | 9.50B | 7.60B | 6.67B | 6.75B |
| Gross Profit | 7.16B | 2.85B | 3.09B | 2.45B | 2.22B | 2.11B |
| EBITDA | 2.27B | 606.00M | 1.10B | 692.10M | 496.70M | -417.90M |
| Net Income | -168.00M | -78.00M | 412.00M | 77.70M | -108.50M | -831.10M |
Balance Sheet | ||||||
| Total Assets | 8.84B | 9.50B | 9.70B | 8.44B | 8.41B | 8.19B |
| Cash, Cash Equivalents and Short-Term Investments | 766.00M | 781.00M | 490.10M | 399.30M | 505.40M | 519.20M |
| Total Debt | 2.88B | 2.40B | 2.28B | 1.88B | 2.05B | 1.63B |
| Total Liabilities | 5.75B | 5.47B | 5.50B | 4.74B | 4.74B | 4.17B |
| Stockholders Equity | 2.43B | 3.27B | 3.23B | 2.78B | 2.78B | 3.13B |
Cash Flow | ||||||
| Free Cash Flow | -11.00M | 332.00M | -156.10M | 145.80M | -180.10M | -116.60M |
| Operating Cash Flow | 468.00M | 906.00M | 243.50M | 477.50M | 155.20M | 262.10M |
| Investing Cash Flow | -413.00M | -473.00M | -522.90M | -207.60M | -276.10M | -381.40M |
| Financing Cash Flow | -67.00M | -118.00M | 209.00M | -150.70M | 169.90M | -105.80M |
Suedzucker Technical Analysis
Positive
11.68
Price Trends
10.56
Positive
10.01
Positive
9.94
Positive
Market Momentum
0.47
Positive
54.11
Neutral
20.58
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 11.54, above the 50-day MA of 10.56, and above the 200-day MA of 9.94, indicating a bullish trend. The MACD of 0.47 indicates Positive momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 20.58 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | €2.44B | -10.46 | 11.32% | 1.85% | -7.03% | -70.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €2.51B | 106.00 | -14.46% | 1.02% | 8.65% | -379.83% | |
53 Neutral | €2.70B | -2.07 | -21.94% | 1.23% | -1.67% | -6688.89% | |
52 Neutral | €1.58B | -0.42 | 216.40% | ― | -11.67% | -1069.47% | |
49 Neutral | €2.42B | -99.23 | -5.57% | 2.23% | -14.58% | -191.94% |
* General Sector Average
DE:SZU
Suedzucker
11.68
0.36
3.20%
DE:BYW
BayWa AG
12.75
4.83
61.01%
DE:CE2
CropEnergies
13.70
0.00
0.00%
DE:SDF
K+S Aktiengesellschaft
14.46
1.04
7.72%
DE:KWS
KWS SAAT
72.80
20.08
38.08%
DE:VBK
verbio Vereinigte BioEnergie
35.50
26.26
284.20%
Suedzucker Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Südzucker Sets Dates for 2025/26 Annual and 2026/27 Half-Year Reports
Neutral
Mar 9, 2026
Südzucker AG has scheduled the publication of its standalone and group annual reports for the 2025/26 financial year, covering the period from 1 March 2025 to 28 February 2026, for 21 May 2026. Both reports will be made available on the compa...
Business Operations and StrategyDividendsFinancial Disclosures
Südzucker Warns of Up to EUR 550 Million Impairments and Plans Dividend Suspension
Negative
Feb 17, 2026
Südzucker AG plans to propose suspending its dividend for the 2025/26 financial year, after paying EUR 0.20 per share for 2024/25, as it anticipates extraordinary impairment losses of between EUR 450 million and EUR 550 million on fixed asset...
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.