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Fuchs Petrolub
(XETRA:FPE)
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Rating:80Outperform
Price Target:
€40.00
▲(16.62% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by high-quality financials (notably a very strong balance sheet and steady profitability) and supportive technical trends. This is tempered by cash-flow and liquidity headwinds highlighted on the latest call and moderate growth dynamics; valuation is reasonable with a solid dividend yield but not a deep bargain.
Positive Factors
Very strong balance sheet
Very low leverage and steadily rising equity provide financial resilience, allowing Fuchs to fund operations, investments and shareholder distributions while retaining flexibility during industry or demand disruptions.
Negative Factors
Weakening cash conversion and liquidity
Working-capital investment and acquisition-related cash use are limiting cash conversion despite strong reported earnings. Persistently lower free cash flow could constrain distributions, investment capacity and financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet
Very low leverage and steadily rising equity provide financial resilience, allowing Fuchs to fund operations, investments and shareholder distributions while retaining flexibility during industry or demand disruptions.
Read all positive factors
Fuchs Petrolub (FPE) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.17B
Dividend Yield3.3%
Average Volume (3M)61.40K
Price to Earnings (P/E)16.6
Beta (1Y)0.74
Revenue Growth5.53%
EPS Growth17.05%
CountryDE
Employees6,879
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)2.60
Shares Outstanding65,500,000
10 Day Avg. Volume29,344
30 Day Avg. Volume61,402
Financial Highlights & Ratios
PEG Ratio7.47
Price to Book (P/B)2.53
Price to Sales (P/S)1.40
P/FCF Ratio15.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€43.00Price Target Upside25.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.56
Revenue Forecast (FY)€3.97B
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 ...
How the Company Makes Money
FUCHS makes money primarily by selling formulated lubricants and specialty lubricant solutions to industrial customers and the automotive market. Revenue is generated from (1) volume sales of standard and semi-specialty lubricants (e.g., engine oi...
Fuchs Petrolub Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 30, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: double-digit sales growth, record H1 EBIT, margin expansion and an upgraded EBIT guidance. These positives were tempered by significant cash flow and liquidity headwinds driven by inflationary inventory buildup, ongoing raw-material supply risks from the Middle East, a major JV plant fire in Saudi Arabia, and a portion of H1 volume gains identified as potentially temporary (pre-buying and competitor supply shortfalls). Management emphasized resilience, supply-chain strengths and cautious outlook adjustments.Positive Updates
Strong Top-Line Growth
Sales of EUR 2.0 billion in H1 2026, up 11% year-over-year; Q2 sales EUR 1.1 billion (+14% vs Q1, +21% vs Q2 2025).
Negative Updates
Free Cash Flow and Working Capital Headwind
Free cash flow before acquisitions fell to EUR 61 million (H1 2025: EUR 81 million); change in net operating working capital was -EUR 139 million due to inflation-driven inventory build-up.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Sales of EUR 2.0 billion in H1 2026, up 11% year-over-year; Q2 sales EUR 1.1 billion (+14% vs Q1, +21% vs Q2 2025).
Read all positive updates
Company Guidance
Management raised full‑year EBIT guidance to EUR 460–480m (previously ~EUR 450m), expects sales “significantly above EUR 3.7bn”, sees free cash flow before acquisitions still “significantly below EUR 270m”, and forecasts a moderate improvement in FVA above prior year despite higher capital employed. This follows a strong H1: sales EUR 2.0bn (+11% y/y), EBIT EUR 260m (+24% y/y; Q2 EBIT EUR 135m, +34% y/y), free cash flow before acquisitions EUR 61m (vs EUR 81m prior), net operating working capital EUR 910m (21.3% of annualized sales), capex in line with guidance and net liquidity down to EUR 13m (from EUR 151m at end‑2025). Management cautioned visibility is limited (about one‑third of recent growth from organic expansion, one‑third from pre‑buying and one‑third from customers switching suppliers), noted raw‑material/supply risks with normalization not expected before mid‑2027, and therefore said H1 outperformance should not simply be extrapolated into H2.Fuchs Petrolub Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.76B | 3.56B | 3.52B | 3.54B | 3.41B | 2.87B |
| Gross Profit | 1.32B | 1.19B | 1.22B | 1.15B | 1.05B | 965.00M |
| EBITDA | 588.00M | 530.00M | 537.00M | 514.00M | 457.00M | 438.00M |
| Net Income | 340.00M | 306.00M | 302.00M | 282.00M | 259.00M | 253.00M |
Balance Sheet | ||||||
| Total Assets | 3.03B | 2.73B | 2.61B | 2.42B | 2.52B | 2.31B |
| Cash, Cash Equivalents and Short-Term Investments | 190.00M | 244.00M | 153.00M | 175.00M | 119.00M | 146.00M |
| Total Debt | 177.00M | 93.00M | 112.00M | 63.00M | 179.00M | 49.00M |
| Total Liabilities | 983.00M | 752.00M | 710.00M | 619.00M | 682.00M | 555.00M |
| Stockholders Equity | 2.05B | 1.98B | 1.90B | 1.80B | 1.84B | 1.75B |
Cash Flow | ||||||
| Free Cash Flow | 285.00M | 314.00M | 307.00M | 460.00M | 59.00M | 89.00M |
| Operating Cash Flow | 389.00M | 406.00M | 390.00M | 543.00M | 128.00M | 169.00M |
| Investing Cash Flow | -127.00M | -117.00M | -185.00M | -82.00M | -69.00M | -108.00M |
| Financing Cash Flow | -212.00M | -190.00M | -228.00M | -400.00M | -86.00M | -132.00M |
Fuchs Petrolub Technical Analysis
Positive
34.30
Price Trends
35.05
Positive
33.69
Positive
31.45
Positive
Market Momentum
0.51
Negative
65.35
Neutral
80.29
Negative
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 34.3 is below the 20-day moving average (MA) of 36.02, below the 50-day MA of 35.05, and above the 200-day MA of 31.45, indicating a bullish trend. The MACD of 0.51 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 80.29 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €5.17B | 16.55 | 17.00% | 3.30% | 5.53% | 17.05% | |
64 Neutral | €9.03B | 76.72 | 1.49% | 5.04% | -4.03% | -71.46% | |
62 Neutral | €8.60B | 23.65 | 8.30% | 3.19% | -5.28% | -13.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | €4.34B | -9.80 | -11.14% | 2.86% | ― | ― | |
38 Underperform | €1.06B | -1.63 | -18.62% | 0.79% | -9.81% | -305.46% |
* Basic Materials Sector Average
DE:FPE
Fuchs Petrolub
36.85
7.55
25.76%
DE:BNR
Brenntag AG
59.28
10.02
20.35%
DE:EVK
Evonik
19.84
5.95
42.84%
DE:LXS
LANXESS
12.50
-8.48
-40.41%
DE:WCH
Wacker Chemie AG
88.05
23.95
37.36%
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.