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Südzucker XTRA:SZU Stock Report

Last Price


Market Cap







25 Jun, 2022


Company Financials +
SZU fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance3/6
Financial Health5/6

SZU Stock Overview

Südzucker AG produces and sells sugar products in Germany and internationally.

Südzucker Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Südzucker
Historical stock prices
Current Share Price€14.63
52 Week High€15.14
52 Week Low€9.75
1 Month Change17.23%
3 Month Change24.51%
1 Year Change9.84%
3 Year Change-1.75%
5 Year Change-19.81%
Change since IPO-1.56%

Recent News & Updates

Shareholder Returns

SZUDE FoodDE Market

Return vs Industry: SZU exceeded the German Food industry which returned -0.2% over the past year.

Return vs Market: SZU exceeded the German Market which returned -22% over the past year.

Price Volatility

Is SZU's price volatile compared to industry and market?
SZU volatility
SZU Average Weekly Movement3.9%
Food Industry Average Movement6.4%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SZU is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SZU's weekly volatility (4%) has been stable over the past year.

About the Company

183716,052Niels Pörksen

Südzucker AG produces and sells sugar products in Germany and internationally. It operates through five segments: Sugar, Special Products, CropEnergies, Starch, and Fruit. The Sugar segment produces and sells sugar, sugar specialty products, glucose syrup, and animal feed to food industry, retailers, and agriculture markets, as well as offers by-products of sugar.

Südzucker Fundamentals Summary

How do Südzucker's earnings and revenue compare to its market cap?
SZU fundamental statistics
Market Cap€2.99b
Earnings (TTM)€65.60m
Revenue (TTM)€7.60b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SZU income statement (TTM)
Cost of Revenue€5.15b
Gross Profit€2.45b
Other Expenses€2.38b

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

Jul 07, 2022

Earnings per share (EPS)0.32
Gross Margin32.22%
Net Profit Margin0.86%
Debt/Equity Ratio48.1%

How did SZU perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does SZU pay a reliable dividends?

See SZU dividend history and benchmarks
When do you need to buy SZU by to receive an upcoming dividend?
Südzucker dividend dates
Ex Dividend DateJul 15 2022
Dividend Pay DateJul 19 2022
Days until Ex dividend19 days
Days until Dividend pay date23 days

Does SZU pay a reliable dividends?

See SZU dividend history and benchmarks
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SZU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA8.5x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

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

SZU PE Ratio vs Peers
The above table shows the PE ratio for SZU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.1x

Price-To-Earnings vs Peers: SZU is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does SZU's PE Ratio compare vs other companies in the Food Industry?

Price-To-Earnings vs Industry: SZU is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the European Food industry average (17.3x)

Price to Earnings Ratio vs Fair Ratio

What is SZU'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.

SZU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.5x
Fair PE Ratio37.2x

Price-To-Earnings vs Fair Ratio: SZU is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the estimated Fair Price-To-Earnings Ratio (37.2x).

Share Price vs Fair Value

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

Below Fair Value: SZU (€14.63) is trading below our estimate of fair value (€89.47)

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

Price to Earnings Growth Ratio

PEG Ratio: SZU is poor value based on its PEG Ratio (2.2x)

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Future Growth

How is Südzucker forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score


Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SZU's forecast earnings growth (20.3% per year) is above the savings rate (-0.05%).

Earnings vs Market: SZU's earnings (20.3% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: SZU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SZU's revenue (4.7% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: SZU's revenue (4.7% 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 (6.1%).

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Past Performance

How has Südzucker performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SZU has high quality earnings.

Growing Profit Margin: SZU became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SZU has become profitable over the past 5 years, growing earnings by -20.2% per year.

Accelerating Growth: SZU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SZU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (14.6%).

Return on Equity

High ROE: SZU's Return on Equity (3.3%) is considered low.

Discover strong past performing companies

Financial Health

How is Südzucker's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SZU's short term assets (€4.3B) exceed its short term liabilities (€2.2B).

Long Term Liabilities: SZU's short term assets (€4.3B) exceed its long term liabilities (€2.6B).

Debt to Equity History and Analysis

Debt Level: SZU's net debt to equity ratio (37.3%) is considered satisfactory.

Reducing Debt: SZU's debt to equity ratio has increased from 23.2% to 48.1% over the past 5 years.

Debt Coverage: SZU's debt is well covered by operating cash flow (26.9%).

Interest Coverage: SZU's interest payments on its debt are well covered by EBIT (10x coverage).

Balance Sheet

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

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateJul 15 2022Dividend Pay DateJul 19 20224 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SZU's dividend (2.73%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: SZU's dividend (2.73%) is low compared to the top 25% of dividend payers in the German market (4.53%).

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.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (124.5%), SZU's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (56%), SZU's dividend payments are covered by cash flows.

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


Average management tenure


Niels Pörksen (58 yo)



Dr. Niels Pörksen serves as Independent Director at AGCO Corporation since October 21, 2021. He serves as Group Executive of Portfolio at Nufarm Finance (NZ) Limited. He served as Group Executive of Portfo...

Leadership Team

Experienced Management: SZU's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: SZU's board of directors are seasoned and experienced ( 10.3 years average tenure).


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 employee growth, exchange listings and data sources

Key Information

  • Name: Südzucker AG
  • Ticker: SZU
  • Exchange: XTRA
  • Founded: 1837
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €2.986b
  • Shares outstanding: 204.08m
  • Website:

Number of Employees


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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2022/02/28

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.