voestalpine AG (VLPNY)
OTHER OTC:VLPNY
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voestalpine AG
(OTC:VLPNY)
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Rating:59Neutral
Price Target:
$10.50
▲(18.11% Upside)
Action:ReiteratedDate:02/18/26
Score reflects resilient balance sheet and positive cash flow alongside constructive (but overextended) technicals. These positives are tempered by weak current profitability/returns and an unattractive valuation (high P/E with modest yield), while earnings call guidance and cash-flow outlook are supportive but still face near-term cyclical and policy-related headwinds.
Positive Factors
Cash generation
Consistent positive operating cash flow and meaningful free cash flow provide durable internal funding for capex, decarbonization and debt reduction. This cash generation supports strategic reinvestment and resilience through steel-cycle volatility over the next 2–6 months.
Negative Factors
Low profitability & returns
Subdued margins and very low ROE indicate weak earnings power on the current capital base. Persistently thin post-tax profitability limits retained earnings, reduces reinvestment capacity and raises sensitivity to commodity and pricing swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow and meaningful free cash flow provide durable internal funding for capex, decarbonization and debt reduction. This cash generation supports strategic reinvestment and resilience through steel-cycle volatility over the next 2–6 months.
Read all positive factors
voestalpine AG (VLPNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.84B
Dividend Yield1.57%
Average Volume (3M)26.00
Price to Earnings (P/E)25.9
Beta (1Y)0.86
Revenue Growth-3.86%
EPS GrowthN/A
CountryUS
Employees50,670
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.08
Shares Outstanding892,745,000
10 Day Avg. Volume0
30 Day Avg. Volume26
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.52
Price to Sales (P/S)0.24
P/FCF Ratio11.99
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit2.99
Enterprise Value/Ebitda11.34
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 is a global leader in high-quality steel and technology-based special products, headquartered in Linz, Austria. The company operates across various sectors, including steel production, metal processing, and advanced technology solut...
How the Company Makes Money
voestalpine makes money primarily by manufacturing and selling steel, steel-based products, and engineered metal components, typically through business-to-business contracts with industrial customers. Key revenue streams include: (1) Sale of steel...
voestalpine AG Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 10, 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.
Read all updates
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
46
Neutral
Balance Sheet
66
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.14B | 15.74B | 16.68B | 18.23B | 14.92B | 10.90B |
| Gross Profit | 2.95B | 2.84B | 2.79B | 3.64B | 3.36B | 1.83B |
| EBITDA | 778.80M | 1.40B | 1.74B | 2.44B | 2.20B | 1.07B |
| Net Income | 225.40M | 153.50M | 100.80M | 1.06B | 1.30B | 42.10M |
Balance Sheet | ||||||
| Total Assets | 15.22B | 15.73B | 16.56B | 17.09B | 17.02B | 14.91B |
| Cash, Cash Equivalents and Short-Term Investments | 880.30M | 1.09B | 1.48B | 1.40B | 988.40M | 1.30B |
| Total Debt | 2.32B | 2.69B | 3.06B | 2.99B | 3.19B | 4.02B |
| Total Liabilities | 7.61B | 8.27B | 9.06B | 9.32B | 9.96B | 9.26B |
| Stockholders Equity | 7.39B | 7.22B | 7.19B | 7.45B | 6.91B | 5.52B |
Cash Flow | ||||||
| Free Cash Flow | 753.80M | 311.90M | 366.00M | 204.10M | 588.90M | 1.03B |
| Operating Cash Flow | 1.80B | 1.42B | 1.45B | 956.20M | 1.24B | 1.63B |
| Investing Cash Flow | -965.90M | -1.25B | -853.00M | -47.10M | -629.80M | -665.80M |
| Financing Cash Flow | -536.60M | -699.50M | -325.30M | -685.90M | -948.30M | -595.60M |
voestalpine AG Technical Analysis
Positive
8.89
Price Trends
9.85
Positive
9.34
Positive
7.94
Positive
Market Momentum
-0.18
Negative
58.22
Neutral
68.24
Neutral
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 9.05, below the 50-day MA of 9.85, and above the 200-day MA of 7.94, indicating a bullish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 58.22 is Neutral, neither overbought nor oversold. The STOCH value of 68.24 is Neutral, 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 | $5.19B | 61.64 | 6.07% | ― | -16.81% | -67.68% | |
65 Neutral | $8.09B | 17.63 | 3.53% | 7.02% | -16.69% | 585.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $7.13B | 21.86 | 11.88% | 1.02% | -1.61% | -81.36% | |
61 Neutral | $7.29B | 29.29 | 2.53% | 2.92% | -2.53% | -36.08% | |
59 Neutral | $8.84B | 25.87 | 3.09% | 1.57% | -3.86% | ― | |
45 Neutral | $5.16B | -4.42 | -24.89% | ― | -6.76% | -255.94% |
* Basic Materials Sector Average
VLPNY
voestalpine AG
9.94
5.56
126.90%
CLF
Cleveland-Cliffs
9.04
1.09
13.71%
CMC
Commercial Metals Company
64.31
21.04
48.63%
GGB
Gerdau SA
3.97
1.53
62.57%
SIM
Grupo Simec SA De CV
34.35
7.03
25.73%
TX
Ternium SA
41.20
17.03
70.47%
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.