Added to YB: 2025-03-18
Pitch date: 2025-03-14
SDF.F [bullish]
K+S Aktiengesellschaft
-7.69%
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 13.00
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: Will prices rise?
SDF.F: Potash/salt producer at 0.42x tangible book value, near cycle bottom. Long-term sector tailwinds: growing food demand, water scarcity. 2023: Revenue -5.1% to €3.7B, EBITDA -21.6% to €558M. Cash flow positive €66M, 11% debt ratio. Tangible BV €33.86/share. Fair value €30, doubling potential in 5 years.
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