Investors Don't See Light At End Of Salzgitter AG's (ETR:SZG) Tunnel
May 08
German (DAX) Steel Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies4
- 7D-2.8%
- 3M-11.7%
- 1Y-24.9%
- YTDn/a
In the last week, the Steel industry is flat overall, with Salzgitter standing out by going down 10%. Unfortunately though, the industry is down 28% over the past 12 months. Looking forward, earnings are forecast to grow by 79% annually.
Industry Valuation and Performance
Has the German Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | €4.4b | €47.5b | -€2,250,262,000.00 | 11.4x | -2x | 0.09x |
| Sun, 07 Apr 2024 | €4.7b | €47.5b | -€2,250,262,000.00 | 11.8x | -2.1x | 0.1x |
| Tue, 05 Mar 2024 | €4.4b | €47.9b | -€2,120,162,000.00 | 11x | -2.1x | 0.09x |
| Thu, 01 Feb 2024 | €5.2b | €48.7b | -€1,733,241,000.00 | 12.4x | -3x | 0.1x |
| Sat, 30 Dec 2023 | €5.6b | €48.7b | -€1,733,241,000.00 | 12.4x | -3.2x | 0.1x |
| Mon, 27 Nov 2023 | €6.1b | €48.7b | -€1,733,241,000.00 | 13.6x | -3.5x | 0.1x |
| Wed, 25 Oct 2023 | €5.5b | €51.0b | €826.9m | 12.3x | 6.6x | 0.1x |
| Fri, 22 Sep 2023 | €5.8b | €51.0b | €826.9m | 13.1x | 7x | 0.1x |
| Sun, 20 Aug 2023 | €6.0b | €51.0b | €826.9m | 13.3x | 7.2x | 0.1x |
| Tue, 18 Jul 2023 | €6.4b | €52.8b | €1.2b | 14.1x | 5.4x | 0.1x |
| Thu, 15 Jun 2023 | €6.8b | €52.8b | €1.2b | 14.6x | 5.8x | 0.1x |
| Sat, 13 May 2023 | €6.0b | €53.3b | €2.0b | 3.6x | 3.1x | 0.1x |
| Mon, 10 Apr 2023 | €6.1b | €53.7b | €2.2b | 3.6x | 2.8x | 0.1x |
| Wed, 08 Mar 2023 | €6.9b | €53.7b | €2.2b | 4.1x | 3.2x | 0.1x |
| Fri, 03 Feb 2023 | €6.9b | €53.7b | €2.2b | 4.1x | 3.1x | 0.1x |
| Sun, 01 Jan 2023 | €5.3b | €53.7b | €2.2b | 3.1x | 2.4x | 0.1x |
| Tue, 29 Nov 2022 | €4.9b | €53.7b | €2.2b | 2.8x | 2.2x | 0.09x |
| Thu, 27 Oct 2022 | €4.9b | €52.0b | €2.0b | 4.1x | 2.5x | 0.09x |
| Sat, 24 Sep 2022 | €4.6b | €52.0b | €2.0b | 3.8x | 2.3x | 0.09x |
| Mon, 22 Aug 2022 | €5.1b | €52.0b | €2.0b | 4.2x | 2.6x | 0.1x |
| Wed, 20 Jul 2022 | €4.6b | €48.8b | €1.8b | 3.6x | 2.6x | 0.09x |
| Fri, 17 Jun 2022 | €6.2b | €48.8b | €1.8b | 5x | 3.5x | 0.1x |
| Sun, 15 May 2022 | €7.1b | €48.8b | €1.8b | 5.7x | 4x | 0.1x |
| Tue, 12 Apr 2022 | €6.7b | €45.5b | €726.4m | 28.8x | 9.2x | 0.1x |
| Thu, 10 Mar 2022 | €7.5b | €44.5b | €576.3m | 29x | 13x | 0.2x |
| Sat, 05 Feb 2022 | €7.4b | €42.8b | €328.2m | 19x | 22.4x | 0.2x |
| Mon, 03 Jan 2022 | €7.9b | €42.8b | €328.2m | 18.3x | 24.2x | 0.2x |
| Wed, 01 Dec 2021 | €7.7b | €42.8b | €328.2m | 17.9x | 23.4x | 0.2x |
| Fri, 29 Oct 2021 | €7.5b | €39.7b | -€3,691,663,000.00 | 26.8x | -2x | 0.2x |
| Sun, 26 Sep 2021 | €7.2b | €39.7b | -€3,691,663,000.00 | 27.1x | -2x | 0.2x |
| Tue, 24 Aug 2021 | €7.5b | €39.7b | -€3,691,663,000.00 | 27.5x | -2x | 0.2x |
| Wed, 30 Jun 2021 | €7.1b | €39.7b | -€3,691,663,000.00 | 25.4x | -1.9x | 0.2x |
Price to Earnings Ratio
-1.6x
Current Industry PE
- Investors are pessimistic on the German Steel industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.13x.
Past Earnings Growth
- The earnings for companies in the Steel industry have improved over the last three years.
- Revenues for these companies have grown 9.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does German Steel compare with similar industries?
| DE Market | 2.49% | |
| Materials | 2.34% | |
| Metals and Mining | -4.50% | |
| Steel | -2.82% | |
| Aluminum | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -1.04% | |
| Gold | -1.89% | |
| Copper | -6.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TKA thyssenkrupp | €4.88 | 0.3% +€9.3m | -23.2% | PS0.08x | |
| EIS Eisen- und Hüttenwerke | €10.10 | 1.0% +€1.8m | -8.2% | PE16.7x |