The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

SZG.DE

Concerning the House

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. The company operates through four segments: Steel Production, Steel Processing, Trading, and Technology. Its Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading. The Steel Processing segment produces various high-grade heavy plate products; and manufactures line pipes, HFI-welded tubes, and precision tubes. Its Trading segment operates a European sales network, as well as trading companies and agencies worldwide. The Technology segment engages in the provision of machinery and plants for the filling and packaging of beverages, as well as special machinery engineering for elastomer production. It also provides IT, facility management, logistics, automotive engineering, and research and development services, as well as supplies raw materials. The company was founded in 1858 and is headquartered in Salzgitter, Germany.

Germany · www.salzgitter-ag.com/de

The Ledger
LineDec 2024Mar 2025Jun 2025Sep 2025
Revenue$2.28B$2.33B$2.34B$2.20B
Gross profit$683.90M$774.90M$787.30M$800.90M
Operating income$38.90M-$51.10M-$65.70M$24.00M
Net income-$150.00M-$35.80M-$55.10M$40.70M
Diluted EPS-0.66-1.020.75
Free cash flow$95.20M-$186.30M-$139.00M-$58.70M
CapEx-$407.70M-$141.50M-$264.80M-$292.30M
Quotation

$50.55

-1.10 (-2.1%)

52w hi$66.55
52w lo$20.70
Vol224.22K
As ofAug 13
The Verdict

Hold

Our score -0.19

Short-0.02
Medium-0.26
Long-0.36

computed 2026-08-13

By the Numbers

Salzgitter AG

Basic Materials · Steel

Market cap$2.80B
Enterprise value$3.83B
Trailing P/E49.29x
Forward P/E6.92x
EV / EBITDA43.27x
P / S (ttm)0.32x
Profit margin0.6%
Return on equity1.4%
Revenue growth+0.7%
Earnings growth
Debt / equity51.40
Risk Metrics
Beta vs SPX0.73
Corr SPX0.18
Annual vol65.5%
Annual ret+74.5%
Sharpe1.14
Max DD-39.2%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.11
Sector+0.03
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$50.30$52.70$49.08224.22K
Aug 12$52.15$52.65$50.55$50.55195.78K
Aug 11$51.55$51.95$49.48$51.65244.62K
Aug 10$53.20$53.55$52.45$52.50114.34K
Aug 7$54.00$54.00$51.70$52.50119.44K