Added to YB: 2025-05-16
Pitch date: 2025-05-14
SDF.DE [bullish]
K+S Aktiengesellschaft
-18.92%
current return
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. Sign up for the newsletter.
Company Info
K+S Aktiengesellschaft, together with its subsidiaries, operates as a supplier of mineral products for the agricultural, industrial, consumer, and community sectors in Europe, the United States, Asia, Africa, and Oceania.
Market Cap
EUR 2.1B
Pitch Price
EUR 14.80
Price Target
30.00 (+150%)
Dividend
1.29%
EV/EBITDA
3.51
P/E
-1.22
EV/Sales
0.61
Sector
Chemicals
Category
value
K+S: good start
SDF.DE: Trading at 0.45x tangible book value (€34.43/share), near cyclical bottom. Q1 revenue -2.4% to €964.7M, but op profit up to €115.2M. Long-term bull case: shrinking farmland, growing population, water scarcity favor fertilizer demand. Supply < demand, only BHP's Jansen adding capacity. Fair value €30, doubling in 5 years realistic.
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