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voestalpine AG
(OTC:VLPNY)
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Rating:55Neutral
Price Target:
$10.50
▲(18.11% Upside)
Action:Reiterated
Date:07/04/26
The score is primarily supported by improving financial performance and a stronger balance sheet with controlled leverage, but it is held back by weak technical momentum (below key moving averages with negative MACD) and a relatively expensive valuation (high P/E with only a modest dividend yield).
Positive Factors
Improving leverage and balance sheet
Debt-to-equity falling to ~0.33 and sizable equity provide durable financial flexibility for a cyclical, capital-intensive steel group. A stronger balance sheet reduces solvency risk, supports cyclical investment, and preserves capacity to fund capex or opportunistic M&A through downturns.
Negative Factors
Revenue cyclicality and volatility
Material swings in revenue reflect structural cyclicality in steel end markets. Such volatility strains utilization, planning, and margin stability in a capital-heavy business, making multi-period forecasting and stable returns difficult without sustained demand or higher-value product mix.
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Positive Factors
Negative Factors
Improving leverage and balance sheet
Debt-to-equity falling to ~0.33 and sizable equity provide durable financial flexibility for a cyclical, capital-intensive steel group. A stronger balance sheet reduces solvency risk, supports cyclical investment, and preserves capacity to fund capex or opportunistic M&A through downturns.
Read all positive factors
voestalpine AG (VLPNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.25B
Dividend Yield1.57%
Average Volume (3M)26.00
Price to Earnings (P/E)37.5
Beta (1Y)0.94
Revenue Growth3.27%
EPS Growth196.29%
CountryUS
Employees49,202
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)2.02
Shares Outstanding892,745,000
10 Day Avg. Volume0
30 Day Avg. Volume26
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.17
Price to Sales (P/S)0.08
P/FCF Ratio2.27
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit3.09
Enterprise Value/Ebitda8.14
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
voestalpine AG Business Overview & Revenue Model
Company Description
voestalpine AG engages in the production, processing, and distribution of steel products. It operates through the following divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Holding and Group Services. The Steel divi...
How the Company Makes Money
voestalpine makes money primarily by selling steel and metal-based products and value-added engineered components to industrial customers. Revenue is generated across its operating segments through: (1) sales of flat steel products (e.g., strip/pl...
voestalpine AG Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call presents a cautiously positive picture: management reported resilient operational results (EBITDA growth, strong cash generation, lower net debt and solid equity ratio), confirmed FY guidance, and highlighted strategic growth initiatives and on-time decarbonization projects. Offsetting this are notable near-term headwinds — revenue decline driven by lower prices, division-level weakness in HPM and Metal Engineering (tariff and import pressures), higher effective tax rate, and timing uncertainty from a pending divestment and delayed project volumes. Overall the company appears financially robust and executing its reorganization and growth plans, but faces cyclical and policy-related risks that temper near-term visibility.Positive Updates
Solid Group EBITDA and Profitability
Group EBITDA of ~EUR 1.0 billion in the first 9 months (vs. EUR 970 million prior year), an increase of roughly +3.1%. EBIT reported at ~EUR 470 million versus EUR 390 million a year earlier (approx. +20.5%). Management notes all profit-line items were 'in green'.
Negative Updates
Revenue decline and price headwinds
Group revenues were down roughly EUR 600 million year-on-year for the first 9 months. Management attributes ~EUR 450 million of that to lower prices and ~EUR 50 million to a weaker US dollar; volume effects added ~EUR 120 million but were insufficient to offset price declines.
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Q3-2026 Updates
Positive
Negative
Solid Group EBITDA and Profitability
Group EBITDA of ~EUR 1.0 billion in the first 9 months (vs. EUR 970 million prior year), an increase of roughly +3.1%. EBIT reported at ~EUR 470 million versus EUR 390 million a year earlier (approx. +20.5%). Management notes all profit-line items were 'in green'.
Read all positive updates
Company Guidance
Management confirmed full‑year EBITDA guidance of EUR 1.40–1.55 billion and reiterated CapEx guidance of EUR 1.1 billion, while expecting positive free cash flow for the full year and a slight positive FCF in Q4; they warned Q4 will include ~EUR 180 million ETS cash payments and around EUR 350 million of additional cash outs to year‑end (ETS + CapEx). For the first 9 months they reported EBITDA of ~EUR 1.0 billion (vs. EUR 970 million LY), cash flow from results of EUR 873 million plus a working‑capital release of EUR 228 million, and a reduction in net debt of roughly EUR 200–300 million (net debt/EBITDA ~1.0x; gearing ~19%; equity ~EUR 7.6 billion, ~50%); management expects stable auto volumes (~12 million cars p.a.), continued strength in rail/aerospace/warehouse, a gradual steel price recovery (safeguards effective from July) and a midterm normalised CapEx run‑rate nearer to ~EUR 1.0 billion p.a. after the decarbonization peak.voestalpine AG Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.16B | 15.74B | 16.68B | 18.23B | 14.92B |
| Gross Profit | 2.93B | 2.84B | 2.79B | 3.64B | 3.36B |
| EBITDA | 1.44B | 1.40B | 1.74B | 2.44B | 2.20B |
| Net Income | 427.55M | 153.50M | 100.80M | 1.06B | 1.30B |
Balance Sheet | |||||
| Total Assets | 16.35B | 15.73B | 16.56B | 17.09B | 17.02B |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 1.09B | 1.48B | 1.40B | 988.40M |
| Total Debt | 2.49B | 2.69B | 3.06B | 2.99B | 3.19B |
| Total Liabilities | 8.54B | 8.27B | 9.06B | 9.32B | 9.96B |
| Stockholders Equity | 7.59B | 7.22B | 7.19B | 7.45B | 6.91B |
Cash Flow | |||||
| Free Cash Flow | 560.44M | 311.90M | 366.00M | 204.10M | 588.90M |
| Operating Cash Flow | 1.55B | 1.42B | 1.45B | 956.20M | 1.24B |
| Investing Cash Flow | -804.76M | -1.25B | -853.00M | -47.10M | -629.80M |
| Financing Cash Flow | -428.25M | -699.50M | -325.30M | -685.90M | -948.30M |
voestalpine AG Technical Analysis
Positive
8.89
Price Trends
10.29
Negative
9.97
Positive
9.27
Positive
Market Momentum
-0.01
Negative
54.26
Neutral
93.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VLPNY, the sentiment is Positive. The current price of 8.89 is below the 20-day moving average (MA) of 9.78, below the 50-day MA of 10.29, and below the 200-day MA of 9.27, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.26 is Neutral, neither overbought nor oversold. The STOCH value of 93.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VLPNY.
voestalpine AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $8.67B | 15.31 | 4.74% | 7.02% | -7.33% | ― | |
62 Neutral | $7.35B | 12.41 | 11.88% | 1.02% | 15.23% | 1535.96% | |
62 Neutral | $8.67B | 30.87 | 2.53% | 2.92% | 4.46% | -47.34% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $4.88B | 7.86 | 4.48% | ― | -5.87% | -81.34% | |
55 Neutral | $9.25B | 37.52 | 5.75% | 1.57% | 3.27% | 196.29% | |
45 Neutral | $5.44B | -3.88 | -20.91% | ― | 1.58% | 3.88% |
* Basic Materials Sector Average
VLPNY
voestalpine AG
10.25
4.60
81.42%
CLF
Cleveland-Cliffs
9.28
-0.20
-2.11%
CMC
Commercial Metals Company
66.41
14.35
27.56%
GGB
Gerdau SA
4.72
1.96
70.77%
SIM
Grupo Simec SA De CV
28.49
0.70
2.50%
TX
Ternium SA
44.70
15.94
55.41%
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.