XTRA:SZU

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


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


Market Performance


7 Day Return

-0.8%

SZU

-1.3%

DE Food

2.4%

DE Market


1 Year Return

-8.0%

SZU

-5.3%

DE Food

4.9%

DE Market

Return vs Industry: SZU matched the German Food industry which returned -5.3% over the past year.

Return vs Market: SZU underperformed the German Market which returned 4.9% over the past year.


Shareholder returns

SZUIndustryMarket
7 Day-0.8%-1.3%2.4%
30 Day-11.9%-6.8%2.3%
90 Day-7.6%-5.1%2.7%
1 Year-6.6%-8.0%-3.7%-5.3%8.2%4.9%
3 Year-43.9%-48.0%-22.2%-27.1%18.3%8.0%
5 Year27.2%14.5%33.6%22.0%44.2%24.6%

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

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 (€12.39) is trading below our estimate of fair value (€39.48)

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 German 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 (0.9x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

How is Südzucker forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

65.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SZU is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SZU is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SZU is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SZU's revenue (2.1% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: SZU's revenue (2.1% 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 (6.8%).


Next Steps

Past Performance

How has Südzucker performed over the past 5 years?

-50.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SZU is unprofitable, and losses have increased over the past 5 years at a rate of -50.8% 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 (14.4%).


Return on Equity

High ROE: SZU has a negative Return on Equity (-22.48%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SZU is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SZU is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Südzucker's financial position?


Financial Position Analysis

Short Term Liabilities: SZU's short term assets (€3.3B) exceeds its short term liabilities (€1.3B)

Long Term Liabilities: SZU's short term assets (3.3B) exceeds its long term liabilities (2.8B)


Debt to Equity History and Analysis

Debt Level: SZU's debt to equity ratio (43.8%) is considered high

Reducing Debt: SZU's debt to equity ratio has increased from 26.6% to 43.8% over the past 5 years.

Debt Coverage: SZU's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: Insufficient data to determine if SZU's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: SZU has a high level of physical assets or inventory.

Debt Coverage by Assets: SZU's debt is covered by short term assets (assets are 2.015120x debt).


Next Steps

Dividend

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

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SZU's dividend (1.61%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: SZU's dividend (1.61%) is low compared to the top 25% of dividend payers in the German market (3.79%).

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 (33.6% payout ratio).


Next Steps

Management

What is the CEO of Südzucker's salary, the management and board of directors tenure and is there insider trading?

13.0yrs

Average management tenure


CEO

Wolfgang Heer (63yo)

6.9yrs

Tenure

0

Dr. Wolfgang Heer serves as the Chairman of Executive Board at Suedzucker AG and has been its Chief Executive Officer since November 20, 2012. Dr. Heer has been a Member of Executive Board of Suedzucker AG ...


Management Age and Tenure

13.0yrs

Average Tenure

61yo

Average Age

Experienced Management: SZU's management team is seasoned and experienced (13 years average tenure).


Board Age and Tenure

7.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: SZU's board of directors are considered experienced (7.6 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Johann Marihart (69yo)

    Member of Executive Board

    • Tenure: 25.8yrs
  • Thomas Kölbl (57yo)

    Finance Director & Member of Executive Board

    • Tenure: 13.9yrs
  • Thomas Kirchberg (59yo)

    Member of Executive Board

    • Tenure: 12.1yrs
  • Wolfgang Heer (63yo)

    Chairman of Executive Board & CEO

    • Tenure: 6.9yrs
  • Nikolai Baltruschat

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Erwin Hameseder (63yo)

    Second Deputy Chairman of Supervisory Board

    • Tenure: 5.3yrs
  • Hans-Jörg Gebhard (64yo)

    Chairman of the Supervisory Board

    • Tenure: 19.2yrs
  • Franz-Josef Möllenberg (66yo)

    First Deputy Chairman of the Supervisory Board

    • Tenure: 27.2yrs
  • Joachim Rukwied (58yo)

    Member of Supervisory Board

    • Tenure: 12.3yrs
  • Georg Koch (56yo)

    Member of Supervisory Board

    • Tenure: 10.3yrs
  • Veronika Haslinger (47yo)

    Member of Supervisory Board

    • Tenure: 5.3yrs
  • Wolfgang Vogl (57yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 8.6yrs
  • Rolf Wiederhold (50yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.6yrs
  • Nadine Seidemann (37yo)

    Employee Representative Member of the Supervisory Board

    • Tenure: 6.1yrs
  • Helmut Friedl (54yo)

    Member of Supervisory Board

    • Tenure: 4.3yrs

Company Information

Südzucker AG's company bio, 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
  • Market Cap: €2.529b
  • Shares outstanding: 204.14m
  • 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
SZUWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
SUEZ.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2008

Biography

Südzucker AG produces and sells sugar products in Europe and internationally. It operates through four segments: Sugar, Special Products, CropEnergies, and Fruit. The Sugar segment produces and sells sugar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:00
End of Day Share Price2019/10/21 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.