Added to YB: 2026-02-16
Pitch date: 2026-02-12
SZG.DE [bullish]
Salzgitter AG
+1.46%
current return
Author Info
No bio for this author
Company Info
Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology.
Market Cap
EUR 3.0B
Pitch Price
EUR 51.40
Price Target
130.00 (+149%)
Dividend
0.36%
EV/EBITDA
9.37
P/E
-15.10
EV/Sales
0.44
Sector
Metals and Mining
Category
value
Salzgitter AG (SZG) - thyssenkrupp 2.0... Almost?
SZG.DE: German steel co at 60% NAV discount; NDA stake=75% mcap. CBAM (Jan'26) + import quotas cut (Jul'26) to halve imports, boost EU steel prices 20-40%. SALCOS Phase 1 ends '27, unlocking FCF. €1b CO2 certs undervalued. SOTP €130/sh vs €50 current. Risks: steel volatility, execution, gov't blocking stake
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