WBAG:SZU

Stock Analysis Report

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Executive Summary

Südzucker AG produces and sells sugar products in Germany, Belgium, frane, Austria, Poland, the United Kingdom, rest of Europe, and internationally.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Südzucker's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SZU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

SZU

1.5%

AT Food

4.5%

AT Market


1 Year Return

3.3%

SZU

-0.1%

AT Food

-15.6%

AT Market

Return vs Industry: SZU exceeded the Austrian Food industry which returned -0.3% over the past year.

Return vs Market: SZU exceeded the Austrian Market which returned -16.4% over the past year.


Shareholder returns

SZUIndustryMarket
7 Day4.2%1.5%4.5%
30 Day10.6%2.9%6.6%
90 Day12.5%-1.8%-6.5%
1 Year4.8%3.3%2.0%-0.1%-14.7%-15.6%
3 Yearn/a17.8%11.0%-11.8%-18.6%
5 Yearn/a46.6%33.1%18.8%3.8%

Price Volatility Vs. Market

How volatile is Südzucker's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Südzucker undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SZU (€14.26) is trading below our estimate of fair value (€34.91)

Significantly Below Fair Value: SZU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SZU is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: SZU is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SZU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SZU is good value based on its PB Ratio (1x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

How is Südzucker forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

72.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SZU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: SZU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SZU's is expected to become profitable in the next 3 years.

Revenue vs Market: SZU's revenue (2.7% per year) is forecast to grow slower than the Austrian market (3.6% per year).

High Growth Revenue: SZU's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SZU's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

How has Südzucker performed over the past 5 years?

-56.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SZU is currently unprofitable.

Growing Profit Margin: SZU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SZU is unprofitable, and losses have increased over the past 5 years at a rate of -56.8% per year.

Accelerating Growth: Unable to compare SZU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SZU is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-0.9%).


Return on Equity

High ROE: SZU has a negative Return on Equity (-1.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Südzucker's financial position?


Financial Position Analysis

Short Term Liabilities: SZU's short term assets (€3.9B) exceed its short term liabilities (€1.9B).

Long Term Liabilities: SZU's short term assets (€3.9B) exceed its long term liabilities (€2.8B).


Debt to Equity History and Analysis

Debt Level: SZU's debt to equity ratio (52.5%) is considered high.

Reducing Debt: SZU's debt to equity ratio has increased from 28.6% to 52.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SZU has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SZU has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Südzucker's current dividend yield, its reliability and sustainability?

1.40%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SZU's dividend (1.4%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.68%).

High Dividend: SZU's dividend (1.4%) is low compared to the top 25% of dividend payers in the Austrian market (5.01%).


Stability and Growth of Payments

Stable Dividend: SZU's dividend payments have been volatile in the past 10 years.

Growing Dividend: SZU's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SZU is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SZU's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average management tenure


CEO

Niels Pörksen (56yo)

0.25

Tenure

Dr. Niels Pörksen has been Chairman of the Executive Board and CEO at Südzucker AG since March 1, 2020. He has been acting in various regions and markets in different leading functions et al. at BASF, Nord ...


Leadership Team

NamePositionTenureCompensationOwnership
Niels Pörksen
Chairman of Executive Board & CEO0.25yrno datano data
Thomas Kolbl
CFO & Member of Executive Board14.58yrsno datano data
Johann Marihart
Member of Executive Board26.42yrsno datano data
Thomas Kirchberg
COO & Member of Executive Board12.75yrsno datano data
Nikolai Baltruschat
Head of Investor Relationsno datano datano data

13.7yrs

Average Tenure

58yo

Average Age

Experienced Management: SZU's management team is seasoned and experienced (13.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erwin Hameseder
Second Deputy Chairman of Supervisory Board5.92yrsno datano data
Hans-Jörg Gebhard
Chairman of Supervisory Board19.83yrsno datano data
Franz-Josef Mollenberg
First Deputy Chairman of Supervisory Board27.83yrsno datano data
Joachim Rukwied
Member of Supervisory Board12.92yrsno datano data
Georg Koch
Member of Supervisory Board10.92yrsno datano data
Veronika Haslinger
Member of Supervisory Board5.92yrsno datano data
Wolfgang Vogl
Employee Representative Member of Supervisory Board9.25yrsno datano data
Rolf Wiederhold
Employee Representative Member of Supervisory Board7.25yrsno datano data
Nadine Seidemann
Employee Representative Member of Supervisory Board6.75yrsno datano data
Helmut Friedl
Member of Supervisory Board4.92yrsno datano data

8.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: SZU's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Südzucker AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Südzucker AG
  • Ticker: SZU
  • Exchange: WBAG
  • Founded: 1837
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €2.912b
  • Shares outstanding: 204.18m
  • Website: https://www.suedzucker.de

Number of Employees


Location

  • Südzucker AG
  • Maximilianstraße 10
  • Mannheim
  • Baden-Württemberg
  • 68165
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SUEZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SZUDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SZUXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
0G7BLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
SZUDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
SZUSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
SZUETLX (Eurotlx)YesOrdinary SharesITEURJan 1992
SZUWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
SUEZ.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2008

Biography

Südzucker AG produces and sells sugar products in Germany, Belgium, frane, Austria, Poland, the United Kingdom, rest of Europe, and internationally. It operates through four segments: Sugar, Special Products, CropEnergies, and Fruit. The Sugar segment produces and sells sugar, sugary specialty products, and animal feed to food industry, retailers, and agriculture market. This segment is also involved in agricultural and cultivation of wheat, sugar beet, corn, chicory, rapeseed, soybean, and other prodcuts; the provision of soil testing, fertilization advisory, plant nutrients comparison, virus and bacteria analysis, animal feed testing, and organic fertilizer testing services; and the marketing of by-products of sugar, as well as starch and bioethanol production. The Special Products segment produces functional food ingredients, including inulin, oligofructose, Isomalt, Palatinose, and wheat gluten, as well as rice starches, flours, and proteins for food, animal feed, non-food, and pharmaceutical sectors. This segment also offers frozen and chilled pizzas, deep-frozen pasta dishes and snacks, and sauces and dressings; and portion packed foods and non-food products to hotels, caterers, restaurants, and canteens. The CropEnergies segment produces fuel-grade ethanol, rectified spirits, protein-based food and animal feed, and liquid CO2 to oil and pharmaceutical companies, food and animal feed producers, and beverage and cosmetics producers. The Fruit segment produces fruit preparations for the dairy, ice cream, bakery, and food service industries; and fruit juice concentrates, pure juices and purees, fruit wines, natural aromas, and beverage bases for beverage industry. The company was founded in 1837 and is headquartered in Mannheim, Germany. Südzucker AG is a subsidiary of Süddeutsche Zuckerrübenverwertungs-Genossenschaft eG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:37
End of Day Share Price2020/06/04 00:00
Earnings2020/02/29
Annual Earnings2020/02/29


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.