K+S Aktiengesellschaft

XTRA:SDF Stock Report

Market Cap: €2.0b

K+S Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SDF (€11.25) is trading above our estimate of fair value (€1.42)

Significantly Below Fair Value: SDF is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SDF. This is calculated by dividing SDF's market cap by their current earnings.
What is SDF's PE Ratio?
PE Ratio78.7x
Earnings€25.60m
Market Cap€2.01b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SDF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
WCH Wacker Chemie
28.8x37.0%€3.6b
FPE3 Fuchs
19.2x8.9%€5.1b
NDA Aurubis
9x-6.2%€3.4b
ACT AlzChem Group
12.1x12.6%€608.5m
SDF K+S
78.7x61.1%€2.0b

Price-To-Earnings vs Peers: SDF is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does SDF's PE Ratio compare vs other companies in the European Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SDF 78.7xIndustry Avg. 16.8xNo. of Companies12PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SDF is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the European Chemicals industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is SDF'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.

SDF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.7x
Fair PE Ratio34.6x

Price-To-Earnings vs Fair Ratio: SDF is expensive based on its Price-To-Earnings Ratio (78.7x) compared to the estimated Fair Price-To-Earnings Ratio (34.6x).

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 SDF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.25
€11.48
+2.1%
25.1%€17.50€7.50n/a16
Nov ’25€11.23
€12.40
+10.4%
25.5%€18.00€7.50n/a17
Oct ’25€11.49
€13.14
+14.4%
25.1%€19.00€7.50n/a17
Sep ’25€10.71
€13.42
+25.3%
25.3%€19.00€7.50n/a17
Aug ’25€11.95
€14.61
+22.3%
20.8%€20.00€10.00n/a17
Jul ’25€12.59
€15.24
+21.0%
18.2%€20.00€10.00n/a17
Jun ’25€13.50
€15.31
+13.4%
17.5%€20.00€10.00n/a17
May ’25€14.03
€15.46
+10.2%
17.2%€20.00€10.00n/a17
Apr ’25€14.46
€15.55
+7.5%
16.9%€20.00€10.00n/a16
Mar ’25€13.17
€16.69
+26.7%
20.6%€23.00€11.00n/a16
Feb ’25€12.74
€16.69
+31.0%
20.6%€23.00€11.00n/a16
Jan ’25€14.31
€18.01
+25.8%
17.1%€23.00€13.00n/a16
Dec ’24€13.72
€18.21
+32.7%
15.7%€23.00€13.00n/a16
Nov ’24€15.63
€19.45
+24.5%
15.7%€25.00€16.00€11.2316
Oct ’24€17.18
€19.64
+14.3%
16.3%€25.00€15.00€11.4916
Sep ’24€17.51
€19.64
+12.2%
16.3%€25.00€15.00€10.7116
Aug ’24€17.25
€19.18
+11.2%
15.9%€25.00€15.00€11.9516
Jul ’24€15.96
€20.07
+25.8%
15.8%€26.00€16.00€12.5916
Jun ’24€14.98
€20.76
+38.6%
17.6%€27.00€16.70€13.5016
May ’24€18.09
€23.58
+30.3%
17.2%€30.00€17.00€14.0316
Apr ’24€19.60
€24.09
+22.9%
15.7%€30.00€17.00€14.4616
Mar ’24€22.69
€25.13
+10.7%
15.7%€35.00€19.90€13.1715
Feb ’24€21.52
€25.26
+17.4%
16.0%€35.00€19.90€12.7415
Jan ’24€18.38
€25.89
+40.9%
15.2%€35.00€20.30€14.3115
Dec ’23€20.75
€25.59
+23.3%
15.3%€35.00€20.30€13.7214
Nov ’23€22.70
€27.47
+21.0%
19.8%€38.00€21.00€15.6315

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

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