Added to YB: 2026-08-27
Pitch date: 2026-08-18
FPE.DE [neutral]
Fuchs SE
Author Info
DB_Silver_Fox is a CFO and value investor interested in: European & US hidden champions, simple and effective business models, and US Banks. Sign up for the newsletter.
Company Info
Fuchs SE, together with its subsidiaries, develops, produces, and distributes specialty lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.
Market Cap
EUR 4.9B
Pitch Price
EUR 34.20
Price Target
N/A
Dividend
3.07%
EV/EBITDA
8.26
P/E
15.43
EV/Sales
1.30
Sector
Chemicals
Category
turnaround
DB_Silver_Fox | Portfolio update as of 11.08.2026 - Fuchs SE
FPE.DE (hold): All moves funded by cash flows from operations: CAPEX 24.9% of CFO, acquisitions ~10.1% (35% total reinvested), dividends 44.3% and buybacks 16.1% distributed to shareholders with no credit funds used, which author calls prudent conservative capital allocation; balance sheet described as rock solid with solvency not at risk. Stated structural risk is electrification permanently reducing lubricant intensity per vehicle, with base-oil cost swings and weak German and Chinese industrial demand driving near-term volatility; author says a shift toward a milder transformation scenario, weighting pending future diesel-car demand from emerging markets, may bring a full price recovery.
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