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K+S Aktiengesellschaft
(XETRA:SDF)
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Rating:61Neutral
Price Target:
€17.00
▲(4.74% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by solid current (TTM) profitability and a conservative balance sheet, tempered by pronounced cyclicality and weaker multi-year consistency plus low free-cash-flow conversion. Technical indicators are broadly neutral and do not strongly reinforce either upside or downside. Valuation is a drag due to a negative P/E, making earnings-based valuation less reliable despite the provided dividend yield.
Positive Factors
Strong profitability rebound
The current profitability rebound demonstrates that K+S can generate substantial earnings when market conditions support its potash and salt businesses. Strong margins provide resources for reinvestment and resilience, although maintaining them will depend on navigating the company’s established cycle.
Negative Factors
High earnings cyclicality
The sharp swing from deeply negative 2025 margins to strong TTM profitability shows that K+S earnings are highly sensitive to pricing and industry conditions. Such volatility makes sustained returns less predictable and can complicate investment, planning, and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability rebound
The current profitability rebound demonstrates that K+S can generate substantial earnings when market conditions support its potash and salt businesses. Strong margins provide resources for reinvestment and resilience, although maintaining them will depend on navigating the company’s established cycle.
Read all positive factors
K+S Aktiengesellschaft (SDF) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.72B
Dividend Yield0.46%
Average Volume (3M)1.34M
Price to Earnings (P/E)2.6
Beta (1Y)0.50
Revenue Growth6.17%
EPS GrowthN/A
CountryDE
Employees11,148
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)5.93
Shares Outstanding179,100,000
10 Day Avg. Volume1,185,905
30 Day Avg. Volume1,344,645
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.46
Price to Sales (P/S)0.61
P/FCF Ratio78.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€13.22Price Target Upside-18.55% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering6
EPS Forecast (FY)1.19
Revenue Forecast (FY)€3.90B
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 secto...
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 i...
K+S Aktiengesellschaft Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.85B | 3.65B | 3.65B | 3.87B | 5.68B | 3.21B |
| Gross Profit | 1.50B | -1.14B | 307.60M | 563.80M | 2.46B | 2.48B |
| EBITDA | 1.86B | -976.40M | 423.20M | 807.50M | 2.73B | 2.85B |
| Net Income | 1.06B | -1.08B | -66.80M | 210.20M | 1.51B | 2.17B |
Balance Sheet | ||||||
| Total Assets | 8.63B | 7.94B | 9.35B | 9.80B | 9.89B | 8.74B |
| Cash, Cash Equivalents and Short-Term Investments | 804.60M | 480.50M | 524.10M | 506.30M | 1.09B | 709.00M |
| Total Debt | 992.90M | 765.70M | 745.90M | 574.50M | 948.80M | 1.46B |
| Total Liabilities | 3.25B | 3.05B | 3.14B | 3.30B | 3.17B | 3.44B |
| Stockholders Equity | 5.37B | 4.88B | 6.21B | 6.50B | 6.72B | 5.30B |
Cash Flow | ||||||
| Free Cash Flow | 112.10M | 28.30M | 68.70M | 338.80M | 917.60M | -31.80M |
| Operating Cash Flow | 639.50M | 583.20M | 590.80M | 821.00M | 1.39B | 326.90M |
| Investing Cash Flow | -601.00M | -373.10M | -390.30M | -189.80M | -908.60M | 2.10B |
| Financing Cash Flow | 248.30M | -81.60M | -65.70M | -795.90M | -559.60M | -2.25B |
K+S Aktiengesellschaft Technical Analysis
Negative
16.23
Price Trends
15.64
Negative
14.81
Positive
14.72
Positive
Market Momentum
-0.06
Positive
34.27
Neutral
10.79
Positive
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 16.23 is below the 20-day moving average (MA) of 16.48, above the 50-day MA of 15.64, and above the 200-day MA of 14.72, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 34.27 is Neutral, neither overbought nor oversold. The STOCH value of 10.79 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €2.32B | 14.68 | 9.63% | 1.78% | -2.98% | 1233.10% | |
61 Neutral | €2.72B | 2.57 | 22.07% | 0.46% | 6.17% | ― | |
61 Neutral | €1.82B | 28.56 | 8.33% | 1.68% | 18.54% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €2.70B | -7.61 | -12.58% | 1.12% | -11.18% | -51.26% | |
42 Neutral | €1.08B | -0.24 | 64.53% | 0.18% | ― | ― |
* General Sector Average
DE:SDF
K+S Aktiengesellschaft
15.32
3.81
33.14%
DE:BYW
BayWa AG
8.20
0.08
1.01%
DE:CE2
CropEnergies
14.30
0.70
5.15%
DE:KWS
KWS SAAT
70.30
5.50
8.49%
DE:SZU
Suedzucker
13.18
3.86
41.34%
DE:VBK
verbio Vereinigte BioEnergie
27.92
16.92
153.82%
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.