Voestalpine AG

SEP:VOE Stock Report

Market Cap: Kč167.3b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: VOE (CZK966.2) is trading below our estimate of future cash flow value (CZK1678.22)

Significantly Below Future Cash Flow Value: VOE is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VOE. This is calculated by dividing VOE's market cap by their current earnings.
What is VOE's PE Ratio?
PE Ratio36.6x
Earnings€188.00m
Market Cap€6.89b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VOE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.3x
GGBR4 Gerdau
15.5x18.25%R$42.8b
CMC Commercial Metals
19.4x16.98%US$8.4b
TKA thyssenkrupp
15.1x20.91%€7.0b
BSL BlueScope Steel
183x28.29%AU$13.6b
VOE Voestalpine
36.6x36.94%Kč6.9b

Price-To-Earnings vs Peers: VOE is good value based on its Price-To-Earnings Ratio (36.6x) compared to the peer average (58.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VOE 36.6xIndustry Avg. 19.9xNo. of Companies20PE01224364860+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VOE is expensive based on its Price-To-Earnings Ratio (36.6x) compared to the European Metals and Mining industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

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

VOE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VOE's Price-To-Earnings 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
CurrentKč966.20
Kč998.92
+3.39%
9.09%Kč1,164.50Kč824.85n/a12
Jan ’27Kč914.40
Kč941.38
+2.95%
9.61%Kč1,071.46Kč815.77n/a12
Dec ’26Kč896.00
Kč881.57
-1.61%
15.71%Kč1,062.23Kč639.75n/a12
Nov ’26n/a
Kč765.19
0%
15.19%Kč973.47Kč632.75n/a12
Oct ’26Kč759.60
Kč718.95
-5.35%
15.70%Kč972.65Kč522.80n/a12
Sep ’26Kč690.20
Kč710.62
+2.96%
16.71%Kč981.01Kč527.29n/a12
Aug ’26n/a
Kč677.14
0%
14.32%Kč885.37Kč528.76n/a12
Jul ’26n/a
Kč664.18
0%
14.65%Kč889.96Kč531.51n/a12
Jun ’26n/a
Kč648.79
0%
15.99%Kč896.61Kč535.47n/a12
May ’26Kč563.20
Kč653.45
+16.02%
15.99%Kč903.03Kč539.31n/a12
Apr ’26Kč594.60
Kč645.55
+8.57%
17.67%Kč896.43Kč473.11n/a12
Mar ’26Kč564.00
Kč615.95
+9.21%
22.61%Kč902.92Kč408.82n/a12
Feb ’26Kč510.20
Kč595.76
+16.77%
25.73%Kč903.04Kč341.15n/a12
Jan ’26Kč463.90
Kč611.19
+31.75%
24.03%Kč901.14Kč340.43Kč914.4012
Dec ’25n/a
Kč645.36
0%
18.66%Kč909.61Kč482.60Kč896.0012
Nov ’25Kč488.90
Kč706.74
+44.56%
18.49%Kč933.07Kč481.67n/a12
Oct ’25Kč594.60
Kč739.30
+24.34%
15.93%Kč977.94Kč559.18Kč759.6012
Sep ’25n/a
Kč739.30
0%
15.93%Kč977.94Kč559.18Kč690.2012
Aug ’25Kč610.00
Kč768.90
+26.05%
12.87%Kč983.72Kč650.77n/a12
Jul ’25Kč640.00
Kč755.35
+18.02%
14.58%Kč977.34Kč556.33n/a12
Jun ’25n/a
Kč743.00
0%
14.30%Kč958.71Kč560.09n/a12
May ’25n/a
Kč743.00
0%
14.30%Kč958.71Kč560.09Kč563.2012
Apr ’25n/a
Kč756.88
0%
13.66%Kč987.51Kč627.95Kč594.6012
Mar ’25Kč647.00
Kč764.55
+18.17%
13.05%Kč987.87Kč653.52Kč564.0012
Feb ’25Kč688.20
Kč752.49
+9.34%
12.44%Kč965.37Kč638.63Kč510.2012
Jan ’25Kč706.00
Kč752.81
+6.63%
15.07%Kč981.15Kč632.84Kč463.9011
Kč990.13
Fair Value
2.4% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/28 22:21
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Voestalpine AG is covered by 27 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
Christian ObstBaader Helvea Equity Research
Vincent LepineBarclays
Tom ZhangBarclays