K+S Aktiengesellschaft (SDF) AI Stock Analysis

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K+S Aktiengesellschaft

(XETRA:SDF)

Select Model

Rating:72Outperform

Price Target:EUR 14.00▲(10.24% Upside)

Action:upgraded

Date:11/13/26

The score is driven mainly by very attractive valuation (low P/E and exceptionally high dividend yield) and a solid financial foundation (strong TTM profitability and low leverage). These positives are offset by weak technicals (price below key moving averages with negative MACD) and financial quality concerns from cyclic earnings and inconsistent free-cash-flow conversion.

Positive Factors

Conservative Balance SheetThe absence of reported TTM debt and sizable equity base provide financial resilience through commodity cycles. Low leverage preserves capacity to fund mining and processing operations, absorb earnings volatility, and maintain strategic flexibility without heavy interest burdens.

Negative Factors

High Earnings CyclicalityThe swing from strong TTM profitability to a deep 2025 loss demonstrates that earnings power is highly sensitive to industry conditions. This volatility makes performance less predictable, can complicate capital allocation, and may weaken the durability of current margins over the next several quarters.

K+S Aktiengesellschaft (SDF) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 2.27B
Dividend Yield: 0.55%
Average Volume (3M): 1.21M
Price to Earnings (P/E): 2.5
Beta (1Y): 0.42
Revenue Growth: 7.30%
EPS Growth: ―
Country: Germany
Employees: 11,314
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

K+S Aktiengesellschaft Business Overview & Revenue Model

Company Description

K+S Aktiengesellschaft, an entity established in 1889 and based in Kassel, Germany, functions as an international purveyor of mineral-based products. Its offerings cater to diverse markets such as agriculture, industry, consumers, and public sectors...

How the Company Makes Money

K+S primarily makes money by selling potash- and salt-based products. Its revenue model is largely volume-and-price driven, with earnings influenced by product mix, realized market prices, and production and logistics costs. Key revenue streams inclu...

K+S Aktiengesellschaft Financial Statement Overview

Summary

Financials are supported by a strong TTM profitability rebound and a conservative balance sheet (no reported debt in TTM; sizable equity base), but durability is tempered by pronounced cyclicality (deep loss in 2025) and weak cash conversion (free cash flow modest and inconsistent; operating cash flow below net income).

Income Statement

68Positive

Balance Sheet

83Very Positive

Cash Flow

57Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.91B	3.65B	3.65B	3.87B	5.68B	3.21B
Gross Profit	1.29B	-1.14B	307.60M	563.80M	2.46B	2.48B
EBITDA	1.85B	-976.40M	516.10M	807.50M	2.61B	2.88B
Net Income	926.50M	-1.08B	-66.80M	210.20M	1.51B	2.17B
Balance Sheet
Total Assets	8.36B	7.94B	9.35B	9.80B	9.89B	8.74B
Cash, Cash Equivalents and Short-Term Investments	761.20M	480.50M	524.10M	506.30M	1.09B	709.00M
Total Debt	621.50M	765.70M	745.90M	574.50M	948.80M	1.46B
Total Liabilities	3.09B	3.05B	3.14B	3.30B	3.17B	3.44B
Stockholders Equity	5.27B	4.88B	6.21B	6.50B	6.72B	5.30B
Cash Flow
Free Cash Flow	94.70M	28.30M	68.70M	338.80M	917.60M	-31.80M
Operating Cash Flow	634.60M	583.20M	590.80M	821.00M	1.39B	326.90M
Investing Cash Flow	-665.30M	-373.10M	-390.30M	-189.80M	-908.60M	2.10B
Financing Cash Flow	99.70M	-81.60M	-65.70M	-795.90M	-559.60M	-2.25B

K+S Aktiengesellschaft Technical Analysis

Technical Analysis SentimentNegative

Last Price12.70

Price Trends

50DMA14.58Negative

100DMA14.62Negative

200DMA14.83Negative

Market Momentum

MACD-0.43Negative

RSI34.10Neutral

STOCH5.80Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SDF, the sentiment is Negative. The current price of 12.70 is below the 20-day moving average (MA) of 12.99, below the 50-day MA of 14.58, and below the 200-day MA of 14.83, indicating a bearish trend. The MACD of -0.43 indicates Negative momentum. The RSI at 34.10 is Neutral, neither overbought nor oversold. The STOCH value of 5.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:SDF.

K+S Aktiengesellschaft Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:SDF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:SDF	72Outperform	EUR 2.27B	2.46	18.29%	0.55%	7.30%	―
DE:KWS	67Neutral	EUR 2.15B	16.53	7.81%	1.91%	-1.28%	207.25%
DE:VBK	62Neutral	EUR 1.52B	14.63	13.07%	―	18.55%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:BYW	42Neutral	EUR 863.03M	-0.07	-377.02%	―	―	―
DE:SZU	41Neutral	EUR 2.25B	-7.77	-11.28%	1.34%	-5.23%	3.89%

* General Sector Average

Performance Comparison

DE:SDF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:SDF	K+S Aktiengesellschaft	12.70	1.38	12.21%
DE:BYW	BayWa (0AH6)	6.46	-6.84	-51.43%
DE:CE2	CropEnergies AG	14.20	0.54	3.95%
DE:KWS	KWS SAAT	65.30	0.60	0.93%
DE:SZU	Suedzucker AG	11.00	1.52	16.03%
DE:VBK	verbio Vereinigte BioEnergie	23.70	7.12	42.94%

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 13, 2026

K+S Aktiengesellschaft AI Stock Analysis