Stock Analysis Report

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Executive Summary

K+S Aktiengesellschaft, together with its subsidiaries, operates as a minerals company worldwide. More Details

Snowflake Analysis

Moderate growth potential unattractive dividend payer.

Similar Companies

Share Price & News

How has K+S's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: SDF is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SDF's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.

Market Performance

7 Day Return




IT Chemicals


IT Market

1 Year Return




IT Chemicals


IT Market

Return vs Industry: SDF underperformed the Italian Chemicals industry which returned 12% over the past year.

Return vs Market: SDF exceeded the Italian Market which returned -11.2% over the past year.

Shareholder returns

7 Day-0.4%-1.8%-2.2%
30 Day24.8%2.2%0.5%
90 Day53.9%6.3%13.3%
1 Year-2.0%-2.6%15.7%12.0%-8.3%-11.1%
3 Year-54.1%-55.7%10.7%-0.1%-3.9%-14.0%
5 Yearn/a69.0%43.1%25.4%-9.3%

Long-Term Price Volatility Vs. Market

How volatile is K+S's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is K+S undervalued compared to its fair value and its price relative to the market?


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: SDF (€9.84) is trading above our estimate of fair value (€3.69)

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

Price To Earnings Ratio

PE vs Industry: SDF is unprofitable, so we can't compare its PE Ratio to the XE Chemicals industry average.

PE vs Market: SDF is unprofitable, so we can't compare its PE Ratio to the Italian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SDF's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SDF is good value based on its PB Ratio (0.9x) compared to the XE Chemicals industry average (2.1x).

Next Steps

Future Growth

How is K+S forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: SDF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SDF's is expected to become profitable in the next 3 years.

Revenue vs Market: SDF's revenue is expected to decline over the next 3 years (-6.8% per year).

High Growth Revenue: SDF's revenue is forecast to decline over the next 3 years (-6.8% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SDF's Return on Equity is forecast to be low in 3 years time (1.7%).

Next Steps

Past Performance

How has K+S performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SDF is currently unprofitable.

Growing Profit Margin: SDF is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SDF is unprofitable, and losses have increased over the past 5 years at a rate of 72.5% per year.

Accelerating Growth: Unable to compare SDF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SDF is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-12%).

Return on Equity

High ROE: SDF has a negative Return on Equity (-92.8%), as it is currently unprofitable.

Next Steps

Financial Health

How is K+S's financial position?

Financial Position Analysis

Short Term Liabilities: SDF's short term assets (€1.8B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: SDF's short term assets (€1.8B) do not cover its long term liabilities (€4.3B).

Debt to Equity History and Analysis

Debt Level: SDF's debt to equity ratio (155.5%) is considered high.

Reducing Debt: SDF's debt to equity ratio has increased from 36.6% to 155.5% over the past 5 years.

Debt Coverage: SDF's debt is not well covered by operating cash flow (14%).

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

Balance Sheet

Next Steps


What is K+S current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SDF's dividend (1.54%) is higher than the bottom 25% of dividend payers in the Italian market (1.43%).

High Dividend: SDF's dividend (1.54%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).

Stability and Growth of Payments

Stable Dividend: SDF's dividend payments have been volatile in the past 10 years.

Growing Dividend: SDF's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: SDF is paying a dividend but the company is unprofitable.

Future Payout to Shareholders

Future Dividend Coverage: SDF's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).

Next Steps


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


Average management tenure


Burkhard Lohr (57 yo)





Dr. Burkhard Lohr has been Chairman of the Board of Executive Directors at K+S Aktiengesellschaft since May 12, 2017 and has been its Member of Board of Executive Directors since June 01, 2012 and serves a...

CEO Compensation Analysis

Compensation vs Market: Burkhard's total compensation ($USD6.00M) is above average for companies of similar size in the Italian market ($USD1.69M).

Compensation vs Earnings: Burkhard's compensation has increased whilst the company is unprofitable.

Leadership Team

Burkhard Lohr
Chairman of the Board of Executive Directors3.67yrs€4.96mno data
Thorsten Boeckers
CFO & Member of Board of Executive Directors3.67yrs€3.60mno data
Mark Roberts
Member of Board of Executive Directors8.25yrs€2.85mno data
Fabiola Grund
Labor Relations Director & Member of Board of Executive Directors1.17yrsno datano data
Dirk Neumann
Head of Investor Relations1.08yrsno datano data
Frauke Riva
Head of Corporate Communications2.92yrsno datano data
Michael Wudonig
Head of Public Relationsno datano datano data
Oliver Morgenthal
Head of Public Affairsno datano datano data
Katja Seeger
Head of Online & Project Communicationsno datano datano data
Hans-Jürgen Müller
Head of Representative Office Berlinno datano datano data


Average Tenure


Average Age

Experienced Management: SDF's management team is considered experienced (3.3 years average tenure).

Board Members

Gerd Grimmig
Independent Supervisory Board Member2.67yrs€103.75kno data
Andreas Kreimeyer
Independent Chairman of Supervisory Board3.67yrs€261.50kno data
Jella Benner-Heinacher
Independent Member of Supervisory Board17.67yrs€133.75kno data
Axel Hartmann
Employee representative Supervisory Board Member7.67yrs€122.50kno data
Ralf Becker
Employee Representative Deputy Chairman of Supervisory Board2.67yrs€187.50kno data
Philip von dem Bussche
Independent Supervisory Board Member5.67yrs€115.00kno data
Thomas Kolbl
Independent Member of Supervisory Board3.67yrs€138.25kno data
Michael Knackmuß
Employee Representative Supervisory Board Member6.5yrs€115.75kno data
Gerd Kübler
Employee Representative Supervisory Board Member5yrs€103.75kno data
Anke Roehr
Employee Representative Supervisory Board Member4.75yrs€103.00kno data
Nevin McDougall
Independent Member of Supervisory Board2.67yrs€103.75kno data
Petra Adolph
Employee Representative Member of Supervisory Board2.67yrs€123.25kno data


Average Tenure


Average Age

Experienced Board: SDF's board of directors are considered experienced (4.2 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

K+S Aktiengesellschaft's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: K+S Aktiengesellschaft
  • Ticker: SDF
  • Exchange: BIT
  • Founded: 1889
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: €1.862b
  • Shares outstanding: 191.40m
  • Website:

Number of Employees


  • K+S Aktiengesellschaft
  • Bertha-von-Suttner Strasse 7
  • Kassel
  • Hessen
  • 34131
  • Germany


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SDFDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
SDFXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0Q2NLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
KPLU.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
SDFDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
SDFSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
SDFWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
13421328SWX (SIX Swiss Exchange)YesBearer SharesCHEURJan 1992
SDFBIT (Borsa Italiana)YesBearer SharesITEURJan 1992
SDF NBMV (Bolsa Mexicana de Valores)YesBearer SharesMXMXNJan 1992
SDF1BST (Boerse-Stuttgart)ADRDEEURFeb 2009
SDF1XTRA (XETRA Trading Platform)ADRDEEURFeb 2009
SDF1DB (Deutsche Boerse AG)ADRDEEURFeb 2009


K+S Aktiengesellschaft, together with its subsidiaries, operates as a minerals company worldwide. It operates through Agriculture, Industry, Consumers, and Communities segments. The Agriculture segment off...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:43
End of Day Share Price2021/01/15 00:00
Annual Earnings2019/12/31

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.