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SURTECO
(XETRA:SUR)
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Rating:45Neutral
Price Target:
€10.00
▼(-8.26% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance (small net loss, sharply weaker revenue, and softer cash generation relative to debt) and bearish technical signals (below key moving averages with negative MACD). Valuation also weighs on the score due to a high P/E, partly offset by a ~3% dividend yield.
Positive Factors
B2B industrial product mix
SURTECO sells essential surface and edge products into furniture, panel and interior-construction value chains. That specification-driven, repeat-order B2B model supports durable revenue streams from industrial customers and favors long-term supplier relationships and product bundling.
Negative Factors
Declining revenue trend
Sharply weaker revenue reduces scale benefits and signals softer end-market demand for panels and furniture inputs. Persistent top-line declines can erode pricing leverage, compress margins and make it harder to restore profitability without structural market or product improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
B2B industrial product mix
SURTECO sells essential surface and edge products into furniture, panel and interior-construction value chains. That specification-driven, repeat-order B2B model supports durable revenue streams from industrial customers and favors long-term supplier relationships and product bundling.
Read all positive factors
SURTECO (SUR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€148.08M
Dividend Yield2.75%
Average Volume (3M)531.00
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-5.75%
EPS Growth-122.76%
CountryDE
Employees3,726
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-0.51
Shares Outstanding15,505,731
10 Day Avg. Volume448
30 Day Avg. Volume531
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.47
Price to Sales (P/S)0.21
P/FCF Ratio24.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.16
Revenue Forecast (FY)€819.24M
SURTECO Business Overview & Revenue Model
Company Description
Surteco Group SE, based in Buttenwiesen, Germany, is engaged in the development, production, and worldwide sale of coated surface materials made from paper and plastic. Its market reach extends across Germany, the rest of Europe, and both North an...
How the Company Makes Money
SURTECO primarily makes money by selling surface and edge products to industrial customers in the wood-based materials and furniture value chain (e.g., panel producers, furniture manufacturers, and interior fit-out producers). Key revenue streams ...
SURTECO Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 821.19M | 856.59M | 835.09M | 747.70M | 757.06M |
| Gross Profit | 130.44M | 444.25M | 400.36M | 360.53M | 391.43M |
| EBITDA | 101.75M | 99.72M | 68.27M | 85.82M | 117.02M |
| Net Income | -14.34M | 8.41M | -12.29M | 25.23M | 47.81M |
Balance Sheet | |||||
| Total Assets | 948.73M | 1.01B | 1.04B | 851.86M | 795.15M |
| Cash, Cash Equivalents and Short-Term Investments | 80.54M | 73.64M | 111.81M | 121.80M | 74.75M |
| Total Debt | 392.91M | 411.10M | 471.11M | 270.51M | 225.61M |
| Total Liabilities | 585.07M | 601.92M | 648.89M | 425.79M | 381.47M |
| Stockholders Equity | 363.67M | 410.48M | 392.63M | 426.07M | 413.68M |
Cash Flow | |||||
| Free Cash Flow | 7.00M | 40.03M | 61.77M | 18.82M | 10.65M |
| Operating Cash Flow | 32.42M | 64.92M | 100.58M | 69.14M | 43.75M |
| Investing Cash Flow | -27.71M | -27.85M | -273.17M | -38.94M | -30.68M |
| Financing Cash Flow | 3.83M | -78.71M | 166.70M | 15.08M | -72.63M |
SURTECO Technical Analysis
Negative
10.90
Price Trends
9.85
Negative
10.58
Negative
11.38
Negative
Market Momentum
-0.06
Negative
43.20
Neutral
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SUR, the sentiment is Negative. The current price of 10.9 is above the 20-day moving average (MA) of 9.63, above the 50-day MA of 9.85, and below the 200-day MA of 11.38, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 43.20 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:SUR.
SURTECO Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €323.85M | 12.25 | 9.19% | 2.66% | 6.10% | -10.16% | |
60 Neutral | €519.69M | 13.26 | 5.26% | 2.76% | -1.31% | 4.16% | |
59 Neutral | €19.63M | -780.00 | <0.01% | ― | -6.38% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | €419.86M | 37.86 | 3.19% | 5.56% | -7.69% | 107.77% | |
45 Neutral | €148.08M | -18.62 | -2.16% | 2.75% | -5.75% | -122.76% |
* General Sector Average
DE:SUR
SURTECO
9.55
-6.40
-40.13%
DE:ACWN
A.S. Creation Tapeten AG
7.80
0.45
6.17%
DE:SIM0
Simona AG
58.50
-2.18
-3.59%
DE:STO3
STO SE & Co. KGaA
91.60
-23.67
-20.53%
DE:UZU
Uzin Utz
64.20
0.95
1.50%
DE:VIB3
Villeroy & Boch
15.90
-1.35
-7.85%
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.