Suedzucker AG (DE:SZU)
XETRA:SZU
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Suedzucker
(XETRA:SZU)
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Rating:46Neutral
Price Target:
€11.50
▼(-1.54% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily held back by deteriorating financial performance—recent losses, margin compression, weaker equity, and sharply reduced free cash flow. Technicals are neutral-to-slightly supportive with price above key longer-term averages but limited momentum. Valuation is difficult to assess due to negative earnings, and the dividend yield provides only modest support.
Positive Factors
Diversified business mix
Südzucker's multi-segment model (sugar, special ingredients, bioethanol, fruit, trading) provides durable revenue diversification. This structure reduces dependence on any single commodity cycle, allowing the firm to shift focus between commodity and higher‑margin activities and smooth earnings over medium-term cycles.
Negative Factors
Sharp recent profitability decline
The swing from strong profit to a €362m loss and compressed EBIT to €32m signals persistent margin pressure and earnings-quality deterioration. This weak profitability reduces retained earnings, limits reinvestment capacity and raises execution risk if input cost or pricing mismatches persist over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business mix
Südzucker's multi-segment model (sugar, special ingredients, bioethanol, fruit, trading) provides durable revenue diversification. This structure reduces dependence on any single commodity cycle, allowing the firm to shift focus between commodity and higher‑margin activities and smooth earnings over medium-term cycles.
Read all positive factors
Suedzucker (SZU) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.32B
Dividend Yield2.23%
Average Volume (3M)188.85K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-13.84%
EPS Growth-249.71%
CountryDE
Employees19,853
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)-1.90
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)0.45
Revenue Forecast (FY)€8.37B
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
34
Negative
Balance Sheet
50
Neutral
Cash Flow
56
Neutral
| Breakdown | Feb 2026 | Feb 2024 | Feb 2023 | Feb 2021 | Feb 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.35B | 9.69B | 9.50B | 7.60B | 6.67B |
| Gross Profit | 1.10B | 2.85B | 3.09B | 2.45B | 2.22B |
| EBITDA | 404.00M | 606.00M | 1.10B | 692.10M | 496.70M |
| Net Income | -362.00M | -78.00M | 412.00M | 77.70M | -108.50M |
Balance Sheet | |||||
| Total Assets | 8.60B | 9.50B | 9.70B | 8.44B | 8.41B |
| Cash, Cash Equivalents and Short-Term Investments | 386.00M | 781.00M | 490.10M | 399.30M | 505.40M |
| Total Debt | 2.87B | 2.40B | 2.28B | 1.88B | 2.05B |
| Total Liabilities | 5.80B | 5.47B | 5.50B | 4.74B | 4.74B |
| Stockholders Equity | 2.15B | 3.27B | 3.23B | 2.78B | 2.78B |
Cash Flow | |||||
| Free Cash Flow | 20.00M | 332.00M | -156.10M | 145.80M | -180.10M |
| Operating Cash Flow | 462.00M | 906.00M | 243.50M | 477.50M | 155.20M |
| Investing Cash Flow | -302.00M | -473.00M | -522.90M | -207.60M | -276.10M |
| Financing Cash Flow | -396.00M | -118.00M | 209.00M | -150.70M | 169.90M |
Suedzucker Technical Analysis
Neutral
11.68
Price Trends
11.75
Negative
10.79
Positive
10.19
Positive
Market Momentum
-0.04
Positive
43.68
Neutral
35.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SZU, the sentiment is Neutral. The current price of 11.68 is above the 20-day moving average (MA) of 11.60, below the 50-day MA of 11.75, and above the 200-day MA of 10.19, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 43.68 is Neutral, neither overbought nor oversold. The STOCH value of 35.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €2.30B | 15.19 | 9.39% | 1.85% | 1.13% | -65.04% | |
57 Neutral | €2.54B | -1.93 | -29.00% | 1.23% | 3.15% | ― | |
56 Neutral | €2.41B | -31.99 | -10.00% | 1.02% | 19.36% | -133.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €1.42B | -0.09 | 216.40% | ― | ― | ― | |
46 Neutral | €2.32B | -6.26 | -13.53% | 2.23% | -13.84% | -249.71% |
* General Sector Average
DE:SZU
Suedzucker
11.34
0.42
3.88%
DE:BYW
BayWa AG
11.60
3.59
44.87%
DE:CE2
CropEnergies
13.70
0.20
1.48%
DE:SDF
K+S Aktiengesellschaft
14.20
-1.67
-10.51%
DE:KWS
KWS SAAT
69.70
12.17
21.15%
DE:VBK
verbio Vereinigte BioEnergie
37.68
27.91
285.47%
Suedzucker Corporate Events
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...
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...
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.