thyssenkrupp AG

XTRA:TKA Stock Report

Market Cap: €9.5b

thyssenkrupp Future Growth

Future criteria checks 3/6

thyssenkrupp is forecast to grow earnings and revenue by 48.5% and 1.9% per annum respectively. EPS is expected to grow by 47.9% per annum. Return on equity is forecast to be 8.2% in 3 years.

Key information

48.5%

Earnings growth rate

47.90%

EPS growth rate

Metals and Mining earnings growth14.4%
Revenue growth rate1.9%
Future return on equity8.22%
Analyst coverage

Good

Last updated03 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Sep 08

TKA: Higher P/E Expectations Will Shape Balanced Risk Reward Outlook

The analyst fair value estimate for thyssenkrupp has been raised from €13.75 to €16.38. This reflects higher Street price targets from multiple firms and updated assumptions on profit margins and future P/E levels.
Narrative Update • Aug 25

TKA: Margin Execution And Higher Earnings Multiple Will Drive Future Re Rating

The analyst fair value estimate for thyssenkrupp has been lifted from €16.00 to €22.00, reflecting a series of recent price target increases from several banks that cite updated assumptions around discount rates, profit margins and future P/E multiples. Analyst Commentary Recent research updates on thyssenkrupp show a series of higher price targets that point to a more constructive view on the stock.
Narrative Update • Aug 11

TKA: Higher Future P E Assumptions Will Drive Bullish Repricing

Analysts have lifted the thyssenkrupp fair value estimate from €13.19 to €13.75, reflecting updated assumptions on the discount rate, modest revenue growth and profit margin, and a slightly higher future P/E in line with recent price target increases from €11.80 to €16 across several banks. Analyst Commentary Recent research on thyssenkrupp shows a series of higher price targets from large banks.
Narrative Update • Jul 28

TKA: Execution Risks And Earnings Volatility Will Restrain Upside Despite Higher Expectations

Thyssenkrupp's analyst fair value estimate has shifted from €9.00 to €9.50, reflecting updated views from analysts who have raised their price targets on the stock in recent months based on their latest research. Analyst Commentary Recent analyst commentary on thyssenkrupp offers a mixed picture for investors.
Narrative Update • Jul 14

TKA: Submarine Contract Win And Margin Execution Will Drive Future Re Rating

The analyst fair value estimate for thyssenkrupp has been raised from €15.00 to €16.00. This change reflects recent increases in Street price targets and updated assumptions for revenue growth, profit margin, and future P/E multiples cited by analysts.
Narrative Update • Jun 30

TKA: Higher Margin Outlook And Upgraded Street Views Will Drive Bullish Repricing

Analysts have nudged the fair value estimate for thyssenkrupp higher from about €11.41 to roughly €13.19. This reflects recent price target increases toward €11.80 to €15 and a view that slightly lower expected revenue growth may be offset by firmer profit margins and a modestly higher future P/E assumption.
Narrative Update • Jun 16

TKA: Materials Services Outcome And Earnings Volatility Will Constrain Future Upside

Analysts have lifted their price targets on thyssenkrupp, with recent moves to a range of approximately €11.80 to €15 supporting a higher fair value estimate and reflecting updated views on the company’s earnings potential and valuation multiples. Analyst Commentary Recent research on thyssenkrupp points to a wider range of views on where the stock should trade, even as some major firms such as Citi and JPMorgan have set higher price targets of up to €15 and €11.80 respectively.
Narrative Update • Jun 01

TKA: Margin Execution And Earnings Stability Will Drive Future Re Rating

Analysts have lifted their price expectations for thyssenkrupp, with recent targets clustering between about €11.80 and €15, supported by views that the company’s margin outlook and earnings profile can justify a P/E closer to 8x. Analyst Commentary Recent research points to a more supportive tone around thyssenkrupp, with several bullish analysts shifting their views in favour of higher valuation levels.
Narrative Update • May 01

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.
Narrative Update • Apr 16

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.
Narrative Update • Apr 02

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.
Narrative Update • Mar 19

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.
Narrative Update • Mar 04

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.
Analysis Article • Feb 19

thyssenkrupp (ETR:TKA) Is Posting Solid Earnings, But It Is Not All Good News

Investors appear disappointed with thyssenkrupp AG's ( ETR:TKA ) recent earnings, despite the decent statutory profit...
Narrative Update • Feb 17

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.
Narrative Update • Feb 03

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.
Narrative Update • Jan 20

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.
Narrative Update • Jan 06

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.
Narrative Update • Dec 20

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.
Narrative Update • Dec 06

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.
Narrative Update • Oct 17

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.
Narrative Update • Oct 03

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.
Narrative Update • Sep 18

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.
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New Narrative • Jul 16

Green 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.

Earnings and Revenue Growth Forecasts

XTRA:TKA - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202833,9749713612,1326
9/30/202733,547791-2201,7458
9/30/202632,422-508-5918369
6/30/202632,630286-1,093356N/A
3/31/202631,9939-980486N/A
12/31/202532,192163-1,297146N/A
9/30/202532,837465351,684N/A
6/30/202533,370-1,234-1031,455N/A
3/31/202534,206-1,010-1341,657N/A
12/31/202434,691-1,2433232,083N/A
9/30/202435,041-1,506-2431,353N/A
6/30/202435,044-2,454-5971,335N/A
3/31/202435,656-2,317-101,684N/A
12/31/202336,699-2,461-561,777N/A
9/30/202337,536-2,0723072,064N/A
6/30/202339,2923261,1442,552N/A
3/31/202340,6433183801,768N/A
12/31/202241,1351,096-1951,079N/A
9/30/202241,1401,127-679617N/A
6/30/202240,011842-2,373-953N/A
3/31/202237,738893-2,209-778N/A
12/31/202135,717138-2,229-772N/A
9/30/202134,015-109-1,35592N/A
6/30/202131,834-3,794-2,364-1,084N/A
3/31/202128,922-4,749-2,819-1,557N/A
12/31/202028,591-5,240-2,181-930N/A
9/30/202028,899-5,549-4,635-3,326N/A
6/30/202030,357-2,539-1,929-683N/A
3/31/202033,331-1,940N/A18N/A
12/31/201933,852-1,533N/A187N/A
9/30/201934,036-1,155N/A72N/A
6/30/201936,098-836N/A272N/A
3/31/201938,131-737N/A114N/A
12/31/201841,622-98N/A214N/A
9/30/201841,534-62N/A1,184N/A
6/30/201839,53012N/A1,151N/A
3/31/201837,263253N/A1,092N/A
12/31/201732,000-69N/A784N/A
9/30/201733,993-46N/A610N/A
6/30/201734,788219N/A207N/A
3/31/201735,887205N/A751N/A
12/31/201638,479296N/A535N/A
9/30/201638,000392N/A1,387N/A
6/30/201638,991321N/A866N/A
3/31/201640,566424N/A771N/A
12/31/201541,973349N/A1,088N/A
9/30/201542,778320N/A1,300N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKA's forecast earnings growth (48.5% per year) is above the savings rate (2.1%).

Earnings vs Market: TKA's earnings (48.5% per year) are forecast to grow faster than the German market (15.1% per year).

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

Revenue vs Market: TKA's revenue (1.9% per year) is forecast to grow slower than the German market (6.7% per year).

High Growth Revenue: TKA's revenue (1.9% 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 (8.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 00:57
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/09/30

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.

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 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

thyssenkrupp AG is covered by 24 analysts. 9 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
Volker BosseBaader Helvea Equity Research
Vincent LepineBNP Paribas