thyssenkrupp Future Growth
Future criteria checks 3/6
thyssenkrupp is forecast to grow earnings and revenue by 40.7% and 2% per annum respectively. EPS is expected to grow by 39.5% per annum. Return on equity is forecast to be 7.3% in 3 years.
Key information
40.7%
Earnings growth rate
39.51%
EPS growth rate
| Metals and Mining earnings growth | 19.5% |
| Revenue growth rate | 2.0% |
| Future return on equity | 7.34% |
| Analyst coverage | Good |
| Last updated | 05 May 2026 |
Recent future growth updates
Recent updates
TKA: Steel Policy Support And Execution Momentum Will Drive Future Re Rating
Analysts have nudged their blended price target for thyssenkrupp slightly higher to €9.50, reflecting updated views on steel earnings potential, policy support and execution momentum, even as opinions on the stock remain mixed across recent upgrades and target changes. Analyst Commentary Recent research shows a clear split in views, but there is a cluster of bullish analysts highlighting upside optionality in thyssenkrupp, especially around steel earnings, policy support and execution on the current plan.
TKA: Portfolio Reshaping And EU Steel Policy Support Will Shape Execution Outcomes
Analysts have set a new price target for thyssenkrupp at €9.50, citing updated views on policy support for EU steel, execution momentum and revised medium term earnings assumptions across recent research. Analyst Commentary Recent research on thyssenkrupp shows a split view, with some firms lifting ratings and targets while others adjust expectations more cautiously.TKA: Portfolio Reshaping And Steel And Materials Deals Will Shape Execution Risk
The analyst price target for thyssenkrupp has been adjusted to €8.30 from €8.70, with analysts citing updated expectations for revenue growth, profit margins, and P/E assumptions following recent mixed target moves and rating changes across the Street. Analyst Commentary Recent research on thyssenkrupp shows a mix of optimism and restraint, with some firms lifting ratings and targets while others trim expectations or keep cautious stances.TKA: Steel And Materials Divestments Will Support Future Share Re Rating
Analyst price targets for thyssenkrupp have edged higher, with recent changes to around €8.70, €9.50 and €13 reflecting updated views on EU steel earnings potential and execution, even as opinions on the stock remain mixed across firms. Analyst Commentary Recent research shows a clear split in views, but there are some distinctly bullish threads that focus on potential earnings support and execution at thyssenkrupp, particularly around its EU steel exposure.TKA: Portfolio Reshaping And Steel Deal Prospects Will Define Execution Risk
Analysts have raised their average price target for thyssenkrupp from around €6.30 to about €8.70. This change reflects updated views that take into account revised fair value assumptions, changes in discount rates, and new Street research on steel earnings potential and capital execution.thyssenkrupp (ETR:TKA) Is Posting Solid Earnings, But It Is Not All Good News
Feb 19
TKA: Steel Unit Sale Talks Will Support Future Share Re Rating
Analysts have raised their fair value estimate for thyssenkrupp from €14.00 to €15.00, citing updated assumptions on revenue growth, profit margins, and future P/E multiples, in line with recent Street price target increases to €8.70 per share. Analyst Commentary Bullish analysts have been nudging their views higher, with multiple price target adjustments clustering around €8.70 per share.
TKA: Raised Street Views And Asset Sales Will Shape Balanced Risk Profile
The analyst price target for thyssenkrupp has been raised from €10.30 to €11.41, reflecting recent Street research in which firms lifted their targets into the €7.70 to €8.70 range and cited updated views on discount rates, revenue growth, margins and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into a €7.70 to €8.70 range, which points to a reworked view of what they see as fair value for the equity based on their updated models.TKA: Steel Unit Sale And Workforce Cuts Will Support Future Re Rating
Analysts have lifted their price targets for thyssenkrupp to as high as €8.70, up from prior levels around €6.30 to €8.30, reflecting updated views on the group’s risk profile, revenue trajectory, profitability and future P/E assumptions. Analyst Commentary Recent research points to a more constructive tone around thyssenkrupp, even where ratings remain cautious.TKA: Workforce Cuts And Neutral Rating Will Shape Balanced Risk Profile
Analysts have raised their price target for thyssenkrupp to €7.70 from €6.30, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E as the key factors behind the revision. Analyst Commentary Recent commentary around the revised €7.70 price target suggests a more balanced view of thyssenkrupp, with analysts updating their models but keeping expectations in check through a Neutral rating.TKA: Revenue Resilience And Workforce Cuts Will Support Share Re-Rating
Analysts have raised their fair value estimate for thyssenkrupp from EUR 13.00 to EUR 14.00, reflecting a higher Street price target of EUR 7.70 versus EUR 6.30 previously as they factor in stronger top line growth despite lower margin expectations. Analyst Commentary Bullish analysts highlight that the recent increase in the Street price target signals growing confidence in thyssenkrupp's ability to execute on its strategic initiatives, even in a more challenging margin environment.TKA: Future Workforce Cuts And Mixed Rating Shifts Will Shape Risk Profile
Analysts have nudged their price target on thyssenkrupp slightly lower, from about EUR 10.20 to roughly EUR 10.09. This reflects modestly higher perceived risk and only incremental adjustments to growth and margin expectations, despite recent target increases and rating upgrades from the Street.Marine Systems, Green Hydrogen And Steel Europe Will Unlock Value
Thyssenkrupp’s analyst price target has increased modestly, rising from €7.10 to €7.60, as analysts cited improvements in company outlook and supportive recent upgrades to justify the change. Analyst Commentary Recent analyst activity on Thyssenkrupp reflects a mixture of cautious optimism and ongoing concerns about the company's valuation and longer-term prospects.Marine Systems, Green Hydrogen And Steel Europe Will Unlock Value
Thyssenkrupp's analyst price target has been raised from €9.73 to €10.20, as analysts cite recent upgrades and revised industry outlooks, which support a moderately improved valuation. Analyst Commentary Recent analyst research presents a mixed picture for Thyssenkrupp, reflecting both cautious optimism and lingering concerns regarding the company's valuation, growth prospects, and execution risks.Marine Systems, Green Hydrogen And Steel Europe Will Unlock Value
Analysts have modestly raised thyssenkrupp’s price target to €9.72, citing incremental progress in restructuring and cost controls amid mixed operational signals and continued caution given persistent steel business headwinds. Analyst Commentary Mixed signals on operational turnaround, with some stabilization but limited confidence in strong near-term recovery.Market Might Still Lack Some Conviction On thyssenkrupp AG (ETR:TKA) Even After 38% Share Price Boost
Sep 17thyssenkrupp (ETR:TKA) Is Doing The Right Things To Multiply Its Share Price
Aug 05Green Decarbonization Will Face Setbacks While Marine Systems Rebound
Market optimism around green steel and digitalization may be overstated, given execution risks, high costs, and potential delays impacting profit growth and cash flow.thyssenkrupp AG (ETR:TKA) Looks Just Right With A 29% Price Jump
Jul 10There's Reason For Concern Over thyssenkrupp AG's (ETR:TKA) Massive 26% Price Jump
May 08Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 9/30/2028 | 34,068 | 875 | 421 | 1,857 | 5 |
| 9/30/2027 | 33,648 | 709 | 114 | 1,628 | 8 |
| 9/30/2026 | 32,450 | -488 | -439 | 866 | 8 |
| 12/31/2025 | 32,192 | 163 | -1,297 | 146 | N/A |
| 9/30/2025 | 32,837 | 465 | 35 | 1,684 | N/A |
| 6/30/2025 | 33,370 | -1,234 | -103 | 1,455 | N/A |
| 3/31/2025 | 34,206 | -1,010 | -134 | 1,657 | N/A |
| 12/31/2024 | 34,691 | -1,243 | 323 | 2,083 | N/A |
| 9/30/2024 | 35,041 | -1,506 | -243 | 1,353 | N/A |
| 6/30/2024 | 35,044 | -2,454 | -597 | 1,335 | N/A |
| 3/31/2024 | 35,656 | -2,317 | -10 | 1,684 | N/A |
| 12/31/2023 | 36,699 | -2,461 | -56 | 1,777 | N/A |
| 9/30/2023 | 37,536 | -2,072 | 307 | 2,064 | N/A |
| 6/30/2023 | 39,292 | 326 | 1,144 | 2,552 | N/A |
| 3/31/2023 | 40,643 | 318 | 380 | 1,768 | N/A |
| 12/31/2022 | 41,135 | 1,096 | -195 | 1,079 | N/A |
| 9/30/2022 | 41,140 | 1,127 | -679 | 617 | N/A |
| 6/30/2022 | 40,011 | 842 | -2,373 | -953 | N/A |
| 3/31/2022 | 37,738 | 893 | -2,209 | -778 | N/A |
| 12/31/2021 | 35,717 | 138 | -2,229 | -772 | N/A |
| 9/30/2021 | 34,015 | -109 | -1,355 | 92 | N/A |
| 6/30/2021 | 31,834 | -3,794 | -2,364 | -1,084 | N/A |
| 3/31/2021 | 28,922 | -4,749 | -2,819 | -1,557 | N/A |
| 12/31/2020 | 28,591 | -5,240 | -2,181 | -930 | N/A |
| 9/30/2020 | 28,899 | -5,549 | -4,635 | -3,326 | N/A |
| 6/30/2020 | 30,357 | -2,539 | -1,929 | -683 | N/A |
| 3/31/2020 | 33,331 | -1,940 | -1,276 | 18 | N/A |
| 12/31/2019 | 33,852 | -1,533 | -1,073 | 187 | N/A |
| 9/30/2019 | 34,036 | -1,155 | N/A | 72 | N/A |
| 6/30/2019 | 36,098 | -836 | N/A | 272 | N/A |
| 3/31/2019 | 38,131 | -737 | N/A | 114 | N/A |
| 12/31/2018 | 41,622 | -98 | N/A | 214 | N/A |
| 9/30/2018 | 41,534 | -62 | N/A | 1,184 | N/A |
| 6/30/2018 | 39,530 | 12 | N/A | 1,151 | N/A |
| 3/31/2018 | 37,263 | 253 | N/A | 1,092 | N/A |
| 12/31/2017 | 32,000 | -69 | N/A | 784 | N/A |
| 9/30/2017 | 33,993 | -46 | N/A | 610 | N/A |
| 6/30/2017 | 34,788 | 219 | N/A | 207 | N/A |
| 3/31/2017 | 35,887 | 205 | N/A | 751 | N/A |
| 12/31/2016 | 38,479 | 296 | N/A | 535 | N/A |
| 9/30/2016 | 38,000 | 392 | N/A | 1,387 | N/A |
| 6/30/2016 | 38,991 | 321 | N/A | 866 | N/A |
| 3/31/2016 | 40,566 | 424 | N/A | 771 | N/A |
| 12/31/2015 | 41,973 | 349 | N/A | 1,088 | N/A |
| 9/30/2015 | 42,778 | 320 | N/A | 1,300 | N/A |
| 6/30/2015 | 43,352 | 269 | N/A | 1,347 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TKA's forecast earnings growth (40.7% per year) is above the savings rate (1.9%).
Earnings vs Market: TKA's earnings (40.7% per year) are forecast to grow faster than the German market (16% per year).
High Growth Earnings: TKA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TKA's revenue (2% per year) is forecast to grow slower than the German market (6.4% per year).
High Growth Revenue: TKA's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TKA's Return on Equity is forecast to be low in 3 years time (7.3%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 05:38 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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Industry and Sector Metrics
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Analyst Sources
thyssenkrupp AG is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christian Obst | Baader Helvea Equity Research |
| David Simon Butler | Barclays |
| Tom Zhang | Barclays |