Voestalpine AG

SEP:VOE Stock Report

Market Cap: Kč74.9b

Voestalpine Valuation

Is VOE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VOE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Kč533.63
Fair Value
17.6% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: VOE (CZK439.6) is trading below our estimate of fair value (CZK533.63)

Significantly Below Fair Value: VOE is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VOE?

Key metric: As VOE is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VOE. This is calculated by dividing VOE's market cap by their current revenue.
What is VOE's PS Ratio?
PS Ratio0.2x
Sales€16.21b
Market Cap€2.98b

Price to Sales Ratio vs Peers

How does VOE's PS Ratio compare to its peers?

The above table shows the PS ratio for VOE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
5444 Yamato Kogyo
2.9x6.0%JP¥471.0b
ARCH Arch Resources
1x-1.5%US$2.5b
002756 Yongxing Special Materials TechnologyLtd
2.3x7.6%CN¥19.7b
AMR Alpha Metallurgical Resources
0.7x-5.7%US$2.4b
VOE Voestalpine
0.2x0.6%Kč3.0b

Price-To-Sales vs Peers: VOE is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does VOE's PS Ratio compare vs other companies in the European Metals and Mining Industry?

33 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.7x2.1%
VOE Voestalpine
 0.2x0.6%US$3.07b
VOE 0.2xIndustry Avg. 0.7xNo. of Companies32PS00.81.62.43.24+
33 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.7x29.3%
VOE Voestalpine
 0.2x61.9%US$3.07b
No more companies

Price-To-Sales vs Industry: VOE is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is VOE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate VOE's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VOE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKč439.60
Kč602.12
+37.0%
25.3%Kč904.76Kč341.80n/a12
Jan ’26Kč463.90
Kč611.19
+31.8%
24.0%Kč901.14Kč340.43n/a12
Dec ’25n/a
Kč645.36
0%
18.7%Kč909.61Kč482.60n/a12
Nov ’25Kč488.90
Kč706.74
+44.6%
18.5%Kč933.07Kč481.67n/a12
Oct ’25Kč594.60
Kč739.30
+24.3%
15.9%Kč977.94Kč559.18n/a12
Sep ’25n/a
Kč739.30
0%
15.9%Kč977.94Kč559.18n/a12
Aug ’25Kč610.00
Kč768.90
+26.0%
12.9%Kč983.72Kč650.77n/a12
Jul ’25Kč640.00
Kč755.35
+18.0%
14.6%Kč977.34Kč556.33n/a12
Jun ’25n/a
Kč743.00
0%
14.3%Kč958.71Kč560.09n/a12
May ’25n/a
Kč743.00
0%
14.3%Kč958.71Kč560.09n/a12
Apr ’25n/a
Kč756.88
0%
13.7%Kč987.51Kč627.95n/a12
Mar ’25Kč647.00
Kč764.55
+18.2%
13.1%Kč987.87Kč653.52n/a12
Feb ’25Kč688.20
Kč752.49
+9.3%
12.4%Kč965.37Kč638.63n/a12
Jan ’25Kč706.00
Kč752.81
+6.6%
15.1%Kč981.15Kč632.84Kč463.9011
Dec ’24Kč636.60
Kč739.26
+16.1%
16.7%Kč980.04Kč607.62n/a11
Nov ’24n/a
Kč760.06
0%
17.9%Kč987.38Kč582.56Kč488.9011
Oct ’24Kč634.60
Kč791.08
+24.7%
15.6%Kč973.63Kč589.05Kč594.6012
Sep ’24Kč661.40
Kč785.72
+18.8%
15.2%Kč963.34Kč582.82n/a12
Aug ’24n/a
Kč820.29
0%
13.8%Kč982.67Kč608.77Kč610.0012
Jul ’24n/a
Kč826.22
0%
14.0%Kč972.72Kč595.50Kč640.0012
Jun ’24n/a
Kč847.48
0%
13.7%Kč993.49Kč593.73n/a11
May ’24n/a
Kč846.18
0%
14.8%Kč1,032.79Kč589.16n/a10
Apr ’24n/a
Kč834.51
0%
17.7%Kč1,037.25Kč528.05n/a12
Mar ’24n/a
Kč832.41
0%
18.2%Kč1,042.67Kč554.51Kč647.0011
Feb ’24Kč725.60
Kč761.49
+4.9%
15.9%Kč950.51Kč510.90Kč688.2011
Jan ’24n/a
Kč668.24
0%
20.4%Kč971.44Kč485.72Kč706.0013
Analyst Price Target
Consensus Narrative from 12 Analysts
Kč604.94
Fair Value
27.3% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 18:20
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Voestalpine AG is covered by 38 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans-Peter WodniokAlphaValue
Knut WollerBaader Helvea Equity Research
Christian ObstBaader Helvea Equity Research