Salzgitter AG

OTCPK:SZGP.F Stock Report

Market Cap: US$1.0b

Salzgitter Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SZGP.F ($20.98) is trading above our estimate of fair value ($12.45)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SZGP.F?

Key metric: As SZGP.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SZGP.F. This is calculated by dividing SZGP.F's market cap by their current revenue.
What is SZGP.F's PS Ratio?
PS Ratio0.09x
Sales€10.11b
Market Cap€945.99m

Price to Sales Ratio vs Peers

How does SZGP.F's PS Ratio compare to its peers?

The above table shows the PS ratio for SZGP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
SXC SunCoke Energy
0.5x-12.5%US$1.1b
ASTL Algoma Steel Group
0.7x11.0%US$1.2b
RYI Ryerson Holding
0.2x0.4%US$751.9m
MTUS Metallus
0.5x4.3%US$623.8m
SZGP.F Salzgitter
0.09x2.1%US$946.0m

Price-To-Sales vs Peers: SZGP.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does SZGP.F's PS Ratio compare vs other companies in the US Metals and Mining Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.3x5.5%
SZGP.F Salzgitter
 0.09x2.1%US$1.00b
TX Ternium
0.4x2.8%US$6.57b
CLF Cleveland-Cliffs
0.3x4.1%US$5.65b
SZGP.F 0.1xIndustry Avg. 1.3xNo. of Companies24PS01.63.24.86.48+
25 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.3x20.9%
SZGP.F Salzgitter
 0.09x93.9%US$1.00b
No more companies

Price-To-Sales vs Industry: SZGP.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is SZGP.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SZGP.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.09x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SZGP.F's Price-To-Sales Fair Ratio for valuation analysis.

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 SZGP.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$20.09
0%
50.6%US$47.66US$12.18n/a9
Nov ’25n/a
US$20.28
0%
52.1%US$49.21US$12.58n/a9
Oct ’25n/a
US$21.60
0%
47.7%US$49.98US$15.00n/a9
Sep ’25n/a
US$22.34
0%
44.8%US$49.98US$16.10n/a9
Aug ’25n/a
US$23.30
0%
39.9%US$48.56US$17.27n/a9
Jul ’25n/a
US$26.60
0%
30.7%US$48.21US$18.64n/a9
Jun ’25n/a
US$27.40
0%
29.3%US$48.87US$20.74n/a9
May ’25n/a
US$27.88
0%
26.8%US$47.94US$22.05n/a9
Apr ’25n/a
US$29.33
0%
25.5%US$48.72US$22.41n/a9
Mar ’25n/a
US$31.14
0%
20.8%US$48.74US$23.29n/a10
Feb ’25n/a
US$31.14
0%
20.8%US$48.74US$23.29n/a10
Jan ’25n/a
US$31.13
0%
21.8%US$48.58US$23.21n/a9
Dec ’24n/a
US$31.72
0%
21.9%US$49.43US$23.62n/a9
Nov ’24US$22.73
US$29.73
+30.8%
23.2%US$47.55US$22.72n/a9
Oct ’24n/a
US$31.60
0%
24.3%US$47.91US$18.74n/a9
Sep ’24US$28.75
US$32.81
+14.1%
21.6%US$48.82US$21.92n/a9
Aug ’24n/a
US$37.16
0%
17.5%US$49.92US$25.85n/a9
Jul ’24n/a
US$39.07
0%
12.7%US$49.43US$32.08n/a9
Jun ’24n/a
US$38.17
0%
12.9%US$48.42US$31.42n/a9
May ’24n/a
US$40.05
0%
10.4%US$49.36US$34.12n/a9
Apr ’24n/a
US$39.11
0%
13.0%US$48.78US$28.83n/a9
Mar ’24n/a
US$37.43
0%
17.9%US$49.11US$23.13n/a9
Feb ’24US$41.00
US$37.43
-8.7%
17.9%US$49.11US$23.13n/a9
Jan ’24n/a
US$31.25
0%
24.9%US$48.08US$19.87n/a10
Dec ’23US$29.48
US$30.53
+3.5%
24.0%US$47.37US$21.58n/a10
Nov ’23n/a
US$28.08
0%
28.0%US$44.43US$19.35US$22.7310

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

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