Fuchs Petrolub (FPE) AI Stock Analysis

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Fuchs Petrolub

(XETRA:FPE)

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Rating:76Outperform

Price Target:EUR 43.00▲(13.01% Upside)

Action:reiterated

Date:11/01/26

The score is driven primarily by strong financial quality (durable margins, rising earnings, and very low leverage) and supportive earnings-call momentum with raised full-year guidance. These positives are tempered by weaker recent free cash flow/cash conversion and a mixed near-term technical picture (neutral RSI, price below the 20-day average despite a longer-term uptrend). Valuation is reasonable with a solid dividend yield.

Positive Factors

Broad-based growthBroad-based organic growth across regions indicates expanding demand rather than reliance on a single market or acquisition. Continued sales momentum improves operating leverage, supports customer investment, and provides a stronger foundation for earnings over the next several quarters.

Negative Factors

Weaker cash conversionLower free cash flow and weaker conversion of earnings into cash could constrain internally funded investment and shareholder distributions. The deterioration is linked to working-capital pressure, making cash generation more vulnerable while inflation and sales prices remain elevated.

Fuchs Petrolub (FPE) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 5.79B
Dividend Yield: 3.21%
Average Volume (3M): 44.95K
Price to Earnings (P/E): 16.1
Beta (1Y): 0.66
Revenue Growth: 12.08%
EPS Growth: 21.84%
Country: Germany
Employees: 6,879
Sector: Basic Materials
Sector Strength: 61
Industry: Chemicals - Specialty

Fuchs Petrolub Business Overview & Revenue Model

Company Description

Fuchs Petrolub SE is a global leader specializing in the development, manufacturing, and distribution of a comprehensive portfolio of lubricants and associated specialty products. Its extensive offerings cater to diverse sectors, including a wide arr...

How the Company Makes Money

FUCHS makes money primarily by selling specialty lubricant products and related solutions to industrial and automotive customers. Its revenue model is centered on (1) product sales of formulated lubricants (standard and high-performance/specialty gra...

Fuchs Petrolub Earnings Call Summary

Earnings Call Date:Oct 30, 2026(Q3-2026)|% Change Since:-0.52%|Next Earnings Date:Mar 10, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. The company reported broad-based sales growth, record EBIT, a higher EBIT margin, strong regional performance and raised full-year sales, EBIT and FVA guidance. These strengths were partly offset by inflation-driven working capital growth, lower free cash flow, tight and volatile raw material supply, elevated Q4 risks and selected regional and industry weaknesses.

Positive Updates

Strong Nine-Month Sales Growth

Sales reached EUR 3.1 billion in the first nine months of 2026, an increase of 16% year-over-year. Growth was broad-based, with organic growth contributing EUR 359 million, or 13%, and external growth adding EUR 68 million, mainly from the full consolidation of the former joint venture in Turkey.

Negative Updates

Lower Free Cash Flow Due to Working Capital

Free cash flow before acquisitions was EUR 92 million, a decline from the prior year. Management said the decline was mainly due to higher working capital driven by inflation and higher capital commitment.

Company Guidance

For Q4, Fuchs expects sales to remain above the prior year level, mainly driven by inflation, while volume development is likely to slow due to prebuying effects in the first half year and the usual seasonality towards year-end; visibility remains limited and risks around volumes, costs and margins remain high. The company now expects around EUR 4.1 billion of sales, around EUR 500 million of EBIT and around EUR 300 million of FVA for the full year, while its free cash flow outlook remains unchanged at significantly below EUR 270 million and CapEx remains in line with its full year guidance. For 2027, it is too early to talk about a budget, but the company said it should go back to normal growth rates and, as of today, volumes should grow next year over the '26 base “in the normal rates again.”

Fuchs Petrolub Financial Statement Overview

Summary

Strong profitability and earnings quality (TTM gross margin ~34.5%, EBIT margin ~13.3%, net margin ~9.0%) supported by a very conservative balance sheet (debt-to-equity ~0.07, expanding equity base, healthy ROE ~17%). The main drag is weaker and less consistent cash conversion recently, with TTM free cash flow declining (~-24% vs. 2025) and FCF-to-net-income falling to about two-thirds.

Income Statement

84Very Positive

Balance Sheet

90Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.99B	3.56B	3.52B	3.54B	3.41B	2.87B
Gross Profit	1.38B	1.19B	1.22B	1.15B	1.05B	965.00M
EBITDA	638.00M	530.00M	537.00M	514.00M	457.00M	438.00M
Net Income	359.00M	306.00M	302.00M	282.00M	259.00M	253.00M
Balance Sheet
Total Assets	3.14B	2.73B	2.61B	2.42B	2.52B	2.31B
Cash, Cash Equivalents and Short-Term Investments	184.00M	244.00M	153.00M	175.00M	119.00M	146.00M
Total Debt	143.00M	93.00M	112.00M	63.00M	179.00M	49.00M
Total Liabilities	980.00M	752.00M	710.00M	619.00M	682.00M	555.00M
Stockholders Equity	2.16B	1.98B	1.90B	1.80B	1.84B	1.75B
Cash Flow
Free Cash Flow	216.00M	314.00M	307.00M	460.00M	59.00M	89.00M
Operating Cash Flow	327.00M	406.00M	390.00M	543.00M	128.00M	169.00M
Investing Cash Flow	-134.00M	-117.00M	-185.00M	-82.00M	-69.00M	-108.00M
Financing Cash Flow	-158.00M	-190.00M	-228.00M	-400.00M	-86.00M	-132.00M

Fuchs Petrolub Technical Analysis

Technical Analysis SentimentPositive

Last Price38.05

Price Trends

50DMA37.36Positive

100DMA35.72Positive

200DMA32.96Positive

Market Momentum

MACD-0.00Positive

RSI54.50Neutral

STOCH82.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FPE, the sentiment is Positive. The current price of 38.05 is above the 20-day moving average (MA) of 38.01, above the 50-day MA of 37.36, and above the 200-day MA of 32.96, indicating a bullish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 54.50 is Neutral, neither overbought nor oversold. The STOCH value of 82.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:FPE.

Fuchs Petrolub Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:FPE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:FPE	76Outperform	EUR 5.37B	16.09	17.37%	3.21%	12.08%	21.84%
DE:BNR	65Neutral	EUR 8.29B	22.30	8.53%	3.24%	0.32%	-8.91%
DE:EVK	64Neutral	EUR 9.79B	56.31	2.16%	4.69%	1.98%	83.13%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DE:WCH	54Neutral	EUR 4.08B	-14.89	-6.82%	3.04%	―	―
DE:LXS	43Neutral	EUR 1.14B	-1.71	-18.99%	0.76%	-3.63%	-172.43%

* Basic Materials Sector Average

Performance Comparison

DE:FPE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:FPE	Fuchs Petrolub	38.05	8.94	30.72%
DE:BNR	Brenntag AG (UK)	58.66	11.98	25.66%
DE:EVK	Evonik Industries AG	21.32	8.76	69.69%
DE:LXS	Lanxess (OTC)	13.15	-3.29	-20.03%
DE:WCH	Wacker Chemie Ag (OTC)	80.70	13.45	20.00%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 01, 2026

Fuchs Petrolub AI Stock Analysis