View ValuationSalzgitter 将来の成長Future 基準チェック /36Salzgitter利益と収益がそれぞれ年間40.7%と3.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に7.3% 40.5%なると予測されています。主要情報40.7%収益成長率40.53%EPS成長率Metals and Mining 収益成長18.2%収益成長率3.9%将来の株主資本利益率7.25%アナリストカバレッジGood最終更新日19 May 2026今後の成長に関する最新情報Price Target Changed • May 20Price target increased by 15% to €57.99Up from €50.43, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €56.50. Stock is up 141% over the past year. The company is forecast to post earnings per share of €4.43 next year compared to a net loss per share of €1.37 last year.Price Target Changed • Jan 07Price target increased by 10% to €37.83Up from €34.24, the current price target is an average from 8 analysts. New target price is 19% below last closing price of €46.46. The company is forecast to post a net loss per share of €1.18 next year compared to a net loss per share of €6.51 last year.Price Target Changed • Dec 30Price target increased by 17% to €34.24Up from €29.18, the current price target is an average from 8 analysts. New target price is 15% below last closing price of €40.42. The company posted a net loss per share of €6.51 last year.お知らせ • May 13Salzgitter AG Reaffirms Financial Guidance for the Financial Year 2025Salzgitter AG reaffirmed financial guidance for the financial year 2025. The company reaffirmed the guidance from March and continue to anticipate sales of between EUR 9.5 billion and EUR 10.0 billion.Price Target Changed • Jul 19Price target decreased by 7.7% to €22.52Down from €24.39, the current price target is an average from 9 analysts. New target price is 31% above last closing price of €17.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €3.70 last year.お知らせ • Sep 20+ 1 more updateSalzgitter AG Updates Earnings Guidance for the Year 2023Salzgitter AG updated earnings guidance for the year 2023. For the period, the company expects pre-tax profit between EUR 200 million and EUR 250 million (previously: between EUR 300 million and EUR 400 million).すべての更新を表示Recent updatesPrice Target Changed • May 20Price target increased by 15% to €57.99Up from €50.43, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €56.50. Stock is up 141% over the past year. The company is forecast to post earnings per share of €4.43 next year compared to a net loss per share of €1.37 last year.お知らせ • Apr 24Salzgitter AG, Annual General Meeting, Jun 03, 2026Salzgitter AG, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time.お知らせ • Mar 30+ 2 more updatesSalzgitter AG to Report Nine Months, 2026 Results on Nov 12, 2026Salzgitter AG announced that they will report nine months, 2026 results on Nov 12, 2026お知らせ • Feb 11Salzgitter AG (XTRA:SZG) agreed to acquire Thyrolf & Uhle GmbH.Salzgitter AG (XTRA:SZG) agreed to acquire Thyrolf & Uhle GmbH on February 11, 2026. The transaction is subject to the fulfillment of the agreed closing conditions, in particular official approvals.Price Target Changed • Jan 07Price target increased by 10% to €37.83Up from €34.24, the current price target is an average from 8 analysts. New target price is 19% below last closing price of €46.46. The company is forecast to post a net loss per share of €1.18 next year compared to a net loss per share of €6.51 last year.Price Target Changed • Dec 30Price target increased by 17% to €34.24Up from €29.18, the current price target is an average from 8 analysts. New target price is 15% below last closing price of €40.42. The company posted a net loss per share of €6.51 last year.お知らせ • Nov 05Salzgitter AG to Report Q3, 2025 Results on Nov 10, 2025Salzgitter AG announced that they will report Q3, 2025 results on Nov 10, 2025お知らせ • Oct 02Salzgitter AG to Report Fiscal Year 2025 Results on Mar 23, 2026Salzgitter AG announced that they will report fiscal year 2025 results on Mar 23, 2026お知らせ • Aug 01Name & Mawi Partners agreed to acquire Desma Schuhmaschinen GmbH from Salzgitter AG (XTRA:SZG).Name & Mawi Partners agreed to acquire Desma Schuhmaschinen GmbH from Salzgitter AG (XTRA:SZG) on July 30, 2025. The transaction is expected to be completed in the autumn of 2025.お知らせ • Jul 10Salzgitter Aktiengesellschaft Receives Material Approval for Secure 500 Protection SteelThe Salzgitter Group, together with its subsidiary, Ilsenburger Grobblech GmbH, has received approval from the German Military Technical Center 91 (WTD 91) in accordance with TL (Technical Delivery Conditions) 2350-0000. This officially approved steel grade SECURE 500®? in thicknesses from 6 to 16 mm for military use, for example, in vehicles or protective systems. During intensive testing, weldability and behavior under fire and blast were evaluated, among other aspects. The approval confirms the high quality and reliability of the steel and underlines Salzgitter AG's expertise as a partner for demanding defense applications.お知らせ • May 22Salzgitter AG to Report First Half, 2025 Results on Aug 11, 2025Salzgitter AG announced that they will report first half, 2025 results on Aug 11, 2025お知らせ • May 13Salzgitter AG Reaffirms Financial Guidance for the Financial Year 2025Salzgitter AG reaffirmed financial guidance for the financial year 2025. The company reaffirmed the guidance from March and continue to anticipate sales of between EUR 9.5 billion and EUR 10.0 billion.お知らせ • May 06Salzgitter AG to Report Q1, 2025 Results on May 12, 2025Salzgitter AG announced that they will report Q1, 2025 results on May 12, 2025お知らせ • Apr 11Salzgitter AG, Annual General Meeting, May 22, 2025Salzgitter AG, Annual General Meeting, May 22, 2025, at 10:00 W. Europe Standard Time.お知らせ • Mar 23Salzgitter AG Proposes DividendSalzgitter AG proposed dividend. The Executive Board and Supervisory Board will put forward a proposal to the Annual General Meeting of Shareholders on May 22, 2025 to distribute dividend of €0.20 per share.お知らせ • Jan 24Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG submitted a non-binding offer to acquire remaining stake in Salzgitter AG (XTRA:SZG) from Lower Saxony (State of) and other shareholders for approximately €730 million.Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG submitted a non-binding offer to acquire remaining stake in Salzgitter AG (XTRA:SZG) from Lower Saxony (State of) and other shareholders for approximately €730 million on January 22, 2025. A cash consideration valued at €18.5 per share will be paid by Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG. The Company is in the process of examining the non-binding offer, including the price indicated. The outcome of the assessment and discussion with the Consortium is open.Reported Earnings • Nov 13Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: €3.34 loss per share (down from €0.02 profit in 3Q 2023). Revenue: €2.58b (flat on 3Q 2023). Net loss: €180.3m (down €181.4m from profit in 3Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Nov 07Gp Günter Papenburg & TSR Recycling Considers Possible Takeover Bid for Salzgitter AGSalzgitter AG (XTRA:SZG) said on November 4, 2024 that Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG (Italy) is exploring a possible takeover bid. GP Guenter would submit an offer if the consortium secures at least 45% plus one share of Salzgitter’s stock, according to the statement. The range of a possible offer price has not been unveiled.Buy Or Sell Opportunity • Nov 05Now 35% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to €17.95. The fair value is estimated to be €13.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 64% per annum over the same time period.お知らせ • Oct 23+ 1 more updateSalzgitter AG to Report Nine Months, 2024 Results on Nov 11, 2024Salzgitter AG announced that they will report nine months, 2024 results on Nov 11, 2024お知らせ • Oct 01Salzgitter AG to Report Fiscal Year 2024 Results on Mar 21, 2025Salzgitter AG announced that they will report fiscal year 2024 results on Mar 21, 2025Reported Earnings • Aug 13Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: €0.64 loss per share (down from €0.34 profit in 2Q 2023). Revenue: €2.57b (down 10% from 2Q 2023). Net loss: €34.8m (down 291% from profit in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Price Target Changed • Jul 19Price target decreased by 7.7% to €22.52Down from €24.39, the current price target is an average from 9 analysts. New target price is 31% above last closing price of €17.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €3.70 last year.Upcoming Dividend • May 23Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.6%).New Risk • May 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).Reported Earnings • Mar 17Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €3.70 (down from €20.00 in FY 2022). Revenue: €11.5b (down 8.7% from FY 2022). Net income: €200.1m (down 82% from FY 2022). Profit margin: 1.7% (down from 8.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 15Salzgitter AG to Report Q2, 2024 Results on Aug 12, 2024Salzgitter AG announced that they will report Q2, 2024 results on Aug 12, 2024Buy Or Sell Opportunity • Feb 10Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €25.64. The fair value is estimated to be €32.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 8.1% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: €0.02 (vs €3.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.02 (down from €3.01 in 3Q 2022). Revenue: €2.70b (down 14% from 3Q 2022). Net income: €1.10m (down 99% from 3Q 2022). Profit margin: 0% (down from 5.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 14Salzgitter AG, Annual General Meeting, May 29, 2024Salzgitter AG, Annual General Meeting, May 29, 2024.お知らせ • Sep 20+ 1 more updateSalzgitter AG Updates Earnings Guidance for the Year 2023Salzgitter AG updated earnings guidance for the year 2023. For the period, the company expects pre-tax profit between EUR 200 million and EUR 250 million (previously: between EUR 300 million and EUR 400 million).お知らせ • Sep 08+ 1 more updateSalzgitter AG to Report Fiscal Year 2023 Results on Mar 15, 2024Salzgitter AG announced that they will report fiscal year 2023 results on Mar 15, 2024お知らせ • Sep 01Salzgitter AG Suspends Earnings Guidance for the 2023 Financial YearAurubis AG announced that its existing guidance range for the current 2022/23 financial year cannot be maintained; revised definitive guidance was not issued. On the basis of the total number of shares in issue, Salzgitter AG holds a 29.99% interest in Aurubis AG. As this interest is included at equity, the earnings trend of the participartipation in Aurubis AG has a direct bearing on the Salzgitter Group's result for the year and forms a fixed part of the Group's results planning. For this reason, the Executive Board of Salzgitter AG is also suspending its results guidance for the current financial year for the time being and will adjust it accordingly once Aurubis AG has updated its guidance.New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.2% net profit margin).Reported Earnings • Aug 13Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: €0.92 (down from €7.59 in 2Q 2022). Revenue: €3.00b (down 8.7% from 2Q 2022). Net income: €49.8m (down 88% from 2Q 2022). Profit margin: 1.7% (down from 13% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 05+ 1 more updateSalzgitter AG Announces Chief Financial Officer ChangesSalzgitter AG announced Ms. Birgit Potrafki (52) and take up the position of CFO on April 1, 2024. She succeeds Burkhard Becker (63) who will leave the company by agreement on March 31, 2024 and retire. The period spent working in parallel will ensure a seamless transition. Ms. Birgit Potrafki commands extensive experience gained in numerous management roles at the Bosch Group. Among other posts, she has held worldwide responsibility or the windscreen wiper business and was a member of the divisional board of the Electrical Drives division. Since 2021 she has held the post of Executive Vice President Finance and Administration at Robert Bosch GmbH, Division Cross-Domain Computing Solutions, and served as a member of the divisional board. Ms. Potrafki has a degree in economics, having graduated in 1997 from the Leibniz University Hanover.Upcoming Dividend • May 19Upcoming dividend of €1.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.9%).Reported Earnings • May 10First quarter 2023 earnings released: EPS: €2.57 (vs €6.80 in 1Q 2022)First quarter 2023 results: EPS: €2.57 (down from €6.80 in 1Q 2022). Revenue: €3.17b (down 5.4% from 1Q 2022). Net income: €139.1m (down 62% from 1Q 2022). Profit margin: 4.4% (down from 11% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 28Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €20.00 (up from €10.74 in FY 2021). Revenue: €13.5b (up 39% from FY 2021). Net income: €1.08b (up 86% from FY 2021). Profit margin: 8.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jan 20Price target increased to €31.72Up from €29.25, the current price target is an average from 10 analysts. New target price is 8.3% below last closing price of €34.60. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of €18.73 for next year compared to €10.74 last year.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €3.01 (down from €4.35 in 3Q 2021). Revenue: €3.13b (up 22% from 3Q 2021). Net income: €163.1m (down 31% from 3Q 2021). Profit margin: 5.2% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €3.01 (down from €4.36 in 3Q 2021). Revenue: €3.20b (up 25% from 3Q 2021). Net income: €163.1m (down 31% from 3Q 2021). Profit margin: 5.1% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 08Salzgitter AG to Report Fiscal Year 2022 Results on Mar 27, 2023Salzgitter AG announced that they will report fiscal year 2022 results on Mar 27, 2023Reported Earnings • Aug 12Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: €7.59 (up from €2.82 in 2Q 2021). Revenue: €3.64b (up 55% from 2Q 2021). Net income: €410.5m (up 169% from 2Q 2021). Profit margin: 11% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is expected to shrink by 9.0% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 08Price target decreased to €35.47Down from €38.17, the current price target is an average from 11 analysts. New target price is 58% above last closing price of €22.48. Stock is down 16% over the past year. The company is forecast to post earnings per share of €16.69 for next year compared to €10.74 last year.Upcoming Dividend • May 27Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 08 June 2022. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (7.5%).Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: €6.80 (up from €1.38 in 1Q 2021). Revenue: €3.51b (up 68% from 1Q 2021). Net income: €367.6m (up 391% from 1Q 2021). Profit margin: 11% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 3.5%, compared to a 39% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 01Price target increased to €36.98Up from €33.78, the current price target is an average from 11 analysts. New target price is 14% below last closing price of €42.88. Stock is up 60% over the past year. The company is forecast to post earnings per share of €8.82 for next year compared to €10.74 last year.Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improved over the past weekAfter last week's 26% share price gain to €48.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.23 per share.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to €40.46, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 47% over the past three years.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €4.36 (vs €1.84 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €2.65b (up 63% from 3Q 2020). Net income: €235.5m (up €334.8m from 3Q 2020). Profit margin: 8.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €32.32, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 11% over the past three years.Price Target Changed • Aug 17Price target increased to €31.03Up from €28.95, the current price target is an average from 14 analysts. New target price is 5.7% below last closing price of €32.90. Stock is up 128% over the past year.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS €2.82 (vs €1.88 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.40b (up 52% from 2Q 2020). Net income: €152.4m (up €253.9m from 2Q 2020). Profit margin: 6.3% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Executive Departure • Jul 01Chairman of the Group Management Board & CEO Heinz Fuhrmann has left the companyOn the 30th of June, Heinz Fuhrmann's tenure as Chairman of the Group Management Board & CEO of the company ended after 10.4 years in the role. We don't have any record of a personal shareholding under Heinz's name. Heinz is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.67 years. Under Heinz's leadership, the company delivered a total shareholder return of -58%.Reported Earnings • May 13First quarter 2021 earnings released: EPS €1.38 (vs €0.82 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €2.21b (up 7.7% from 1Q 2020). Net income: €74.9m (up €119.6m from 1Q 2020). Profit margin: 3.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 16Price target increased to €25.93Up from €23.29, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €27.02. Stock is up 140% over the past year.Reported Earnings • Mar 16Full year 2020 earnings released: €5.13 loss per share (vs €4.46 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €7.44b (down 13% from FY 2019). Net loss: €277.3m (loss widened 15% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 17New 90-day high: €23.50The company is up 61% from its price of €14.63 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 71% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.40 per share.Price Target Changed • Feb 01Price target raised to €19.19Up from €17.67, the current price target is an average from 11 analysts. The new target price is 10% below the current share price of €21.38. As of last close, the stock is up 39% over the past year.Price Target Changed • Jan 22Price target raised to €17.83Up from €16.59, the current price target is an average from 12 analysts. The new target price is 21% below the current share price of €22.47. As of last close, the stock is up 45% over the past year.Is New 90 Day High Low • Dec 29New 90-day high: €21.70The company is up 52% from its price of €14.23 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €131 per share.Price Target Changed • Dec 16Price target raised to €17.13Up from €15.39, the current price target is an average from 12 analysts. The new target price is 14% below the current share price of €19.86. As of last close, the stock is down 1.2% over the past year.Is New 90 Day High Low • Dec 05New 90-day high: €18.51The company is up 34% from its price of €13.84 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €109 per share.Reported Earnings • Nov 14Third quarter 2020 earnings released: €1.84 loss per shareThe company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: €1.63b (down 23% from 3Q 2019). Net loss: €99.3m (loss narrowed 22% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 104%. Over the next year, revenue is forecast to grow 9.3%, compared to a 714% growth forecast for the Metals and Mining industry in Germany.Is New 90 Day High Low • Nov 04New 90-day low: €11.95The company is down 6.0% from its price of €12.71 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.08 per share.Is New 90 Day High Low • Oct 20New 90-day high: €14.74The company is up 15% from its price of €12.83 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.08 per share.Price Target Changed • Sep 26Price target raised to €13.57Up from €12.15, the current price target is an average from 13 analysts. The new target price is close to the current share price of €13.59. As of last close, the stock is down 13% over the past year.Is New 90 Day High Low • Sep 18New 90-day high: €14.51The company is up 19% from its price of €12.17 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.96 per share.業績と収益の成長予測DB:SZG - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202810,172396170740412/31/202710,041349-22598612/31/20269,361245-15141363/31/20268,99742-70626N/A12/31/20258,981-74-195505N/A9/30/20259,150-200-289818N/A6/30/20259,433-421-463627N/A3/31/20259,663-401-372506N/A12/31/202410,012-352-423408N/A9/30/202410,112-192-648126N/A6/30/202410,19821-270506N/A3/31/202410,48674-146582N/A12/31/202310,791200140892N/A9/30/202311,1943304331,138N/A6/30/202311,753461401962N/A3/31/202312,186853279779N/A12/31/202212,5531,082154597N/A9/30/202212,5311,060-36336N/A6/30/202211,9681,132-339-9N/A3/31/202211,023874-120205N/A12/31/20219,767581-14329N/A9/30/20218,828431-115238N/A6/30/20217,8959629362N/A3/31/20217,077-158-82270N/A12/31/20207,091-277-35618N/A9/30/20207,174-452-32777N/A6/30/20207,652-481-302155N/A3/31/20208,337-381-40754N/A12/31/20198,547-241N/A251N/A9/30/20198,98450N/A325N/A6/30/20199,187235N/A332N/A3/31/20199,260305N/A481N/A12/31/20189,278274N/A528N/A9/30/20189,108272N/A436N/A6/30/20188,991261N/A516N/A3/31/20188,974207N/A404N/A12/31/20178,990190N/A274N/A9/30/20178,859142N/A411N/A6/30/20178,555100N/A224N/A3/31/20178,39193N/A359N/A12/31/20167,89342N/A290N/A9/30/20167,752-35N/A272N/A6/30/20167,993-73N/A454N/A3/31/20168,103-54N/A307N/A12/31/20158,502-6N/A448N/A9/30/20158,686109N/A432N/A6/30/20158,813145N/A468N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SZGの予測収益成長率 (年間40.7% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: SZGの収益 ( 40.7% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: SZGの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: SZGの収益 ( 3.9% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: SZGの収益 ( 3.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SZGの 自己資本利益率 は、3年後には低くなると予測されています ( 7.3 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:09終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Salzgitter AG 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関David Simon ButlerBarclaysJohn KleinBerenbergTristan GresserBNP Paribas20 その他のアナリストを表示
Price Target Changed • May 20Price target increased by 15% to €57.99Up from €50.43, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €56.50. Stock is up 141% over the past year. The company is forecast to post earnings per share of €4.43 next year compared to a net loss per share of €1.37 last year.
Price Target Changed • Jan 07Price target increased by 10% to €37.83Up from €34.24, the current price target is an average from 8 analysts. New target price is 19% below last closing price of €46.46. The company is forecast to post a net loss per share of €1.18 next year compared to a net loss per share of €6.51 last year.
Price Target Changed • Dec 30Price target increased by 17% to €34.24Up from €29.18, the current price target is an average from 8 analysts. New target price is 15% below last closing price of €40.42. The company posted a net loss per share of €6.51 last year.
お知らせ • May 13Salzgitter AG Reaffirms Financial Guidance for the Financial Year 2025Salzgitter AG reaffirmed financial guidance for the financial year 2025. The company reaffirmed the guidance from March and continue to anticipate sales of between EUR 9.5 billion and EUR 10.0 billion.
Price Target Changed • Jul 19Price target decreased by 7.7% to €22.52Down from €24.39, the current price target is an average from 9 analysts. New target price is 31% above last closing price of €17.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €3.70 last year.
お知らせ • Sep 20+ 1 more updateSalzgitter AG Updates Earnings Guidance for the Year 2023Salzgitter AG updated earnings guidance for the year 2023. For the period, the company expects pre-tax profit between EUR 200 million and EUR 250 million (previously: between EUR 300 million and EUR 400 million).
Price Target Changed • May 20Price target increased by 15% to €57.99Up from €50.43, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €56.50. Stock is up 141% over the past year. The company is forecast to post earnings per share of €4.43 next year compared to a net loss per share of €1.37 last year.
お知らせ • Apr 24Salzgitter AG, Annual General Meeting, Jun 03, 2026Salzgitter AG, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time.
お知らせ • Mar 30+ 2 more updatesSalzgitter AG to Report Nine Months, 2026 Results on Nov 12, 2026Salzgitter AG announced that they will report nine months, 2026 results on Nov 12, 2026
お知らせ • Feb 11Salzgitter AG (XTRA:SZG) agreed to acquire Thyrolf & Uhle GmbH.Salzgitter AG (XTRA:SZG) agreed to acquire Thyrolf & Uhle GmbH on February 11, 2026. The transaction is subject to the fulfillment of the agreed closing conditions, in particular official approvals.
Price Target Changed • Jan 07Price target increased by 10% to €37.83Up from €34.24, the current price target is an average from 8 analysts. New target price is 19% below last closing price of €46.46. The company is forecast to post a net loss per share of €1.18 next year compared to a net loss per share of €6.51 last year.
Price Target Changed • Dec 30Price target increased by 17% to €34.24Up from €29.18, the current price target is an average from 8 analysts. New target price is 15% below last closing price of €40.42. The company posted a net loss per share of €6.51 last year.
お知らせ • Nov 05Salzgitter AG to Report Q3, 2025 Results on Nov 10, 2025Salzgitter AG announced that they will report Q3, 2025 results on Nov 10, 2025
お知らせ • Oct 02Salzgitter AG to Report Fiscal Year 2025 Results on Mar 23, 2026Salzgitter AG announced that they will report fiscal year 2025 results on Mar 23, 2026
お知らせ • Aug 01Name & Mawi Partners agreed to acquire Desma Schuhmaschinen GmbH from Salzgitter AG (XTRA:SZG).Name & Mawi Partners agreed to acquire Desma Schuhmaschinen GmbH from Salzgitter AG (XTRA:SZG) on July 30, 2025. The transaction is expected to be completed in the autumn of 2025.
お知らせ • Jul 10Salzgitter Aktiengesellschaft Receives Material Approval for Secure 500 Protection SteelThe Salzgitter Group, together with its subsidiary, Ilsenburger Grobblech GmbH, has received approval from the German Military Technical Center 91 (WTD 91) in accordance with TL (Technical Delivery Conditions) 2350-0000. This officially approved steel grade SECURE 500®? in thicknesses from 6 to 16 mm for military use, for example, in vehicles or protective systems. During intensive testing, weldability and behavior under fire and blast were evaluated, among other aspects. The approval confirms the high quality and reliability of the steel and underlines Salzgitter AG's expertise as a partner for demanding defense applications.
お知らせ • May 22Salzgitter AG to Report First Half, 2025 Results on Aug 11, 2025Salzgitter AG announced that they will report first half, 2025 results on Aug 11, 2025
お知らせ • May 13Salzgitter AG Reaffirms Financial Guidance for the Financial Year 2025Salzgitter AG reaffirmed financial guidance for the financial year 2025. The company reaffirmed the guidance from March and continue to anticipate sales of between EUR 9.5 billion and EUR 10.0 billion.
お知らせ • May 06Salzgitter AG to Report Q1, 2025 Results on May 12, 2025Salzgitter AG announced that they will report Q1, 2025 results on May 12, 2025
お知らせ • Apr 11Salzgitter AG, Annual General Meeting, May 22, 2025Salzgitter AG, Annual General Meeting, May 22, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Mar 23Salzgitter AG Proposes DividendSalzgitter AG proposed dividend. The Executive Board and Supervisory Board will put forward a proposal to the Annual General Meeting of Shareholders on May 22, 2025 to distribute dividend of €0.20 per share.
お知らせ • Jan 24Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG submitted a non-binding offer to acquire remaining stake in Salzgitter AG (XTRA:SZG) from Lower Saxony (State of) and other shareholders for approximately €730 million.Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG submitted a non-binding offer to acquire remaining stake in Salzgitter AG (XTRA:SZG) from Lower Saxony (State of) and other shareholders for approximately €730 million on January 22, 2025. A cash consideration valued at €18.5 per share will be paid by Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG. The Company is in the process of examining the non-binding offer, including the price indicated. The outcome of the assessment and discussion with the Consortium is open.
Reported Earnings • Nov 13Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: €3.34 loss per share (down from €0.02 profit in 3Q 2023). Revenue: €2.58b (flat on 3Q 2023). Net loss: €180.3m (down €181.4m from profit in 3Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 07Gp Günter Papenburg & TSR Recycling Considers Possible Takeover Bid for Salzgitter AGSalzgitter AG (XTRA:SZG) said on November 4, 2024 that Gp Günter Papenburg Aktiengesellschaft and TSR Recycling GmbH & Co. KG (Italy) is exploring a possible takeover bid. GP Guenter would submit an offer if the consortium secures at least 45% plus one share of Salzgitter’s stock, according to the statement. The range of a possible offer price has not been unveiled.
Buy Or Sell Opportunity • Nov 05Now 35% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to €17.95. The fair value is estimated to be €13.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 64% per annum over the same time period.
お知らせ • Oct 23+ 1 more updateSalzgitter AG to Report Nine Months, 2024 Results on Nov 11, 2024Salzgitter AG announced that they will report nine months, 2024 results on Nov 11, 2024
お知らせ • Oct 01Salzgitter AG to Report Fiscal Year 2024 Results on Mar 21, 2025Salzgitter AG announced that they will report fiscal year 2024 results on Mar 21, 2025
Reported Earnings • Aug 13Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: €0.64 loss per share (down from €0.34 profit in 2Q 2023). Revenue: €2.57b (down 10% from 2Q 2023). Net loss: €34.8m (down 291% from profit in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jul 19Price target decreased by 7.7% to €22.52Down from €24.39, the current price target is an average from 9 analysts. New target price is 31% above last closing price of €17.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €3.70 last year.
Upcoming Dividend • May 23Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.6%).
New Risk • May 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).
Reported Earnings • Mar 17Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €3.70 (down from €20.00 in FY 2022). Revenue: €11.5b (down 8.7% from FY 2022). Net income: €200.1m (down 82% from FY 2022). Profit margin: 1.7% (down from 8.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 15Salzgitter AG to Report Q2, 2024 Results on Aug 12, 2024Salzgitter AG announced that they will report Q2, 2024 results on Aug 12, 2024
Buy Or Sell Opportunity • Feb 10Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €25.64. The fair value is estimated to be €32.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 8.1% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: €0.02 (vs €3.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.02 (down from €3.01 in 3Q 2022). Revenue: €2.70b (down 14% from 3Q 2022). Net income: €1.10m (down 99% from 3Q 2022). Profit margin: 0% (down from 5.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 14Salzgitter AG, Annual General Meeting, May 29, 2024Salzgitter AG, Annual General Meeting, May 29, 2024.
お知らせ • Sep 20+ 1 more updateSalzgitter AG Updates Earnings Guidance for the Year 2023Salzgitter AG updated earnings guidance for the year 2023. For the period, the company expects pre-tax profit between EUR 200 million and EUR 250 million (previously: between EUR 300 million and EUR 400 million).
お知らせ • Sep 08+ 1 more updateSalzgitter AG to Report Fiscal Year 2023 Results on Mar 15, 2024Salzgitter AG announced that they will report fiscal year 2023 results on Mar 15, 2024
お知らせ • Sep 01Salzgitter AG Suspends Earnings Guidance for the 2023 Financial YearAurubis AG announced that its existing guidance range for the current 2022/23 financial year cannot be maintained; revised definitive guidance was not issued. On the basis of the total number of shares in issue, Salzgitter AG holds a 29.99% interest in Aurubis AG. As this interest is included at equity, the earnings trend of the participartipation in Aurubis AG has a direct bearing on the Salzgitter Group's result for the year and forms a fixed part of the Group's results planning. For this reason, the Executive Board of Salzgitter AG is also suspending its results guidance for the current financial year for the time being and will adjust it accordingly once Aurubis AG has updated its guidance.
New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.2% net profit margin).
Reported Earnings • Aug 13Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: €0.92 (down from €7.59 in 2Q 2022). Revenue: €3.00b (down 8.7% from 2Q 2022). Net income: €49.8m (down 88% from 2Q 2022). Profit margin: 1.7% (down from 13% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 05+ 1 more updateSalzgitter AG Announces Chief Financial Officer ChangesSalzgitter AG announced Ms. Birgit Potrafki (52) and take up the position of CFO on April 1, 2024. She succeeds Burkhard Becker (63) who will leave the company by agreement on March 31, 2024 and retire. The period spent working in parallel will ensure a seamless transition. Ms. Birgit Potrafki commands extensive experience gained in numerous management roles at the Bosch Group. Among other posts, she has held worldwide responsibility or the windscreen wiper business and was a member of the divisional board of the Electrical Drives division. Since 2021 she has held the post of Executive Vice President Finance and Administration at Robert Bosch GmbH, Division Cross-Domain Computing Solutions, and served as a member of the divisional board. Ms. Potrafki has a degree in economics, having graduated in 1997 from the Leibniz University Hanover.
Upcoming Dividend • May 19Upcoming dividend of €1.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.9%).
Reported Earnings • May 10First quarter 2023 earnings released: EPS: €2.57 (vs €6.80 in 1Q 2022)First quarter 2023 results: EPS: €2.57 (down from €6.80 in 1Q 2022). Revenue: €3.17b (down 5.4% from 1Q 2022). Net income: €139.1m (down 62% from 1Q 2022). Profit margin: 4.4% (down from 11% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 28Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: €20.00 (up from €10.74 in FY 2021). Revenue: €13.5b (up 39% from FY 2021). Net income: €1.08b (up 86% from FY 2021). Profit margin: 8.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jan 20Price target increased to €31.72Up from €29.25, the current price target is an average from 10 analysts. New target price is 8.3% below last closing price of €34.60. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of €18.73 for next year compared to €10.74 last year.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €3.01 (down from €4.35 in 3Q 2021). Revenue: €3.13b (up 22% from 3Q 2021). Net income: €163.1m (down 31% from 3Q 2021). Profit margin: 5.2% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €3.01 (down from €4.36 in 3Q 2021). Revenue: €3.20b (up 25% from 3Q 2021). Net income: €163.1m (down 31% from 3Q 2021). Profit margin: 5.1% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 08Salzgitter AG to Report Fiscal Year 2022 Results on Mar 27, 2023Salzgitter AG announced that they will report fiscal year 2022 results on Mar 27, 2023
Reported Earnings • Aug 12Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: €7.59 (up from €2.82 in 2Q 2021). Revenue: €3.64b (up 55% from 2Q 2021). Net income: €410.5m (up 169% from 2Q 2021). Profit margin: 11% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is expected to shrink by 9.0% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 08Price target decreased to €35.47Down from €38.17, the current price target is an average from 11 analysts. New target price is 58% above last closing price of €22.48. Stock is down 16% over the past year. The company is forecast to post earnings per share of €16.69 for next year compared to €10.74 last year.
Upcoming Dividend • May 27Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 08 June 2022. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (7.5%).
Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: €6.80 (up from €1.38 in 1Q 2021). Revenue: €3.51b (up 68% from 1Q 2021). Net income: €367.6m (up 391% from 1Q 2021). Profit margin: 11% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 3.5%, compared to a 39% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 01Price target increased to €36.98Up from €33.78, the current price target is an average from 11 analysts. New target price is 14% below last closing price of €42.88. Stock is up 60% over the past year. The company is forecast to post earnings per share of €8.82 for next year compared to €10.74 last year.
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improved over the past weekAfter last week's 26% share price gain to €48.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.23 per share.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to €40.46, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €4.36 (vs €1.84 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €2.65b (up 63% from 3Q 2020). Net income: €235.5m (up €334.8m from 3Q 2020). Profit margin: 8.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €32.32, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 11% over the past three years.
Price Target Changed • Aug 17Price target increased to €31.03Up from €28.95, the current price target is an average from 14 analysts. New target price is 5.7% below last closing price of €32.90. Stock is up 128% over the past year.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS €2.82 (vs €1.88 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.40b (up 52% from 2Q 2020). Net income: €152.4m (up €253.9m from 2Q 2020). Profit margin: 6.3% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Executive Departure • Jul 01Chairman of the Group Management Board & CEO Heinz Fuhrmann has left the companyOn the 30th of June, Heinz Fuhrmann's tenure as Chairman of the Group Management Board & CEO of the company ended after 10.4 years in the role. We don't have any record of a personal shareholding under Heinz's name. Heinz is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.67 years. Under Heinz's leadership, the company delivered a total shareholder return of -58%.
Reported Earnings • May 13First quarter 2021 earnings released: EPS €1.38 (vs €0.82 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €2.21b (up 7.7% from 1Q 2020). Net income: €74.9m (up €119.6m from 1Q 2020). Profit margin: 3.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 16Price target increased to €25.93Up from €23.29, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €27.02. Stock is up 140% over the past year.
Reported Earnings • Mar 16Full year 2020 earnings released: €5.13 loss per share (vs €4.46 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €7.44b (down 13% from FY 2019). Net loss: €277.3m (loss widened 15% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 17New 90-day high: €23.50The company is up 61% from its price of €14.63 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 71% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.40 per share.
Price Target Changed • Feb 01Price target raised to €19.19Up from €17.67, the current price target is an average from 11 analysts. The new target price is 10% below the current share price of €21.38. As of last close, the stock is up 39% over the past year.
Price Target Changed • Jan 22Price target raised to €17.83Up from €16.59, the current price target is an average from 12 analysts. The new target price is 21% below the current share price of €22.47. As of last close, the stock is up 45% over the past year.
Is New 90 Day High Low • Dec 29New 90-day high: €21.70The company is up 52% from its price of €14.23 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €131 per share.
Price Target Changed • Dec 16Price target raised to €17.13Up from €15.39, the current price target is an average from 12 analysts. The new target price is 14% below the current share price of €19.86. As of last close, the stock is down 1.2% over the past year.
Is New 90 Day High Low • Dec 05New 90-day high: €18.51The company is up 34% from its price of €13.84 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €109 per share.
Reported Earnings • Nov 14Third quarter 2020 earnings released: €1.84 loss per shareThe company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: €1.63b (down 23% from 3Q 2019). Net loss: €99.3m (loss narrowed 22% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 14Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 104%. Over the next year, revenue is forecast to grow 9.3%, compared to a 714% growth forecast for the Metals and Mining industry in Germany.
Is New 90 Day High Low • Nov 04New 90-day low: €11.95The company is down 6.0% from its price of €12.71 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.08 per share.
Is New 90 Day High Low • Oct 20New 90-day high: €14.74The company is up 15% from its price of €12.83 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.08 per share.
Price Target Changed • Sep 26Price target raised to €13.57Up from €12.15, the current price target is an average from 13 analysts. The new target price is close to the current share price of €13.59. As of last close, the stock is down 13% over the past year.
Is New 90 Day High Low • Sep 18New 90-day high: €14.51The company is up 19% from its price of €12.17 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.96 per share.