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Suedzucker
(XETRA:SZU)
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Rating:47Neutral
Price Target:
€12.00
▼(-5.51% Downside)
Action:Reiterated
Date:10/11/26
The score is held back primarily by deteriorating profitability and higher leverage (loss-making TTM with rising debt-to-equity and negative ROE). Positive recent cash generation provides partial support, while technical indicators point to weak near-term momentum and valuation remains hard to justify given the negative P/E and only modest dividend yield.
Positive Factors
Diversified business model
Suedzucker’s presence across sugar, food ingredients, bioethanol, and fruit products gives it multiple revenue sources and reduces reliance on one end market. This breadth can support resilience over the next several quarters as demand and pricing conditions differ across segments.
Negative Factors
Material profitability deterioration
The shift from strong profitability in 2023–2024 to losses in 2025 and 2026 signals a material earnings reset rather than a minor fluctuation. Negative margins reduce reinvestment capacity and make sustained returns dependent on a meaningful operational recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Suedzucker’s presence across sugar, food ingredients, bioethanol, and fruit products gives it multiple revenue sources and reduces reliance on one end market. This breadth can support resilience over the next several quarters as demand and pricing conditions differ across segments.
Read all positive factors
Suedzucker (SZU) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€2.54B
Dividend Yield1.21%
Average Volume (3M)147.68K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-5.23%
EPS Growth3.89%
CountryDE
Employees18,440
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)-1.42
Shares Outstanding204,183,290
10 Day Avg. Volume201,357
30 Day Avg. Volume147,677
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.96
Price to Sales (P/S)0.25
P/FCF Ratio103.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€11.20Price Target Upside-11.81% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.38
Revenue Forecast (FY)€8.44B
Suedzucker Business Overview & Revenue Model
Company Description
Südzucker AG, established in Mannheim, Germany, in 1837, is an international enterprise specializing in the production and distribution of sugar-related products. Operating as a subsidiary of Süddeutsche Zuckerrübenverwertungs-Genossenschaft eG, t...
How the Company Makes Money
Suedzucker makes money primarily by converting agricultural feedstocks into sold products across several business segments, earning revenue from both commodity-linked and value-added ingredient categories.
1) Sugar segment (core cash generator, c...
Suedzucker Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
45
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Feb 2026 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.34B | 8.35B | 9.69B | 9.50B | 7.60B | 6.68B |
| Gross Profit | 889.00M | 1.10B | 2.85B | 3.09B | 2.45B | 2.29B |
| EBITDA | 606.00M | 404.00M | 606.00M | 1.10B | 696.10M | 609.40M |
| Net Income | -274.00M | -362.00M | -78.00M | 412.00M | 77.70M | -93.70M |
Balance Sheet | ||||||
| Total Assets | 8.10B | 8.60B | 9.50B | 9.70B | 8.44B | 8.00B |
| Cash, Cash Equivalents and Short-Term Investments | 635.00M | 386.00M | 781.00M | 490.10M | 399.30M | 445.00M |
| Total Debt | 2.94B | 2.87B | 2.40B | 2.28B | 1.88B | 1.91B |
| Total Liabilities | 5.19B | 5.80B | 5.47B | 5.50B | 4.74B | 4.44B |
| Stockholders Equity | 2.23B | 2.15B | 3.27B | 3.23B | 2.78B | 2.68B |
Cash Flow | ||||||
| Free Cash Flow | 243.00M | 20.00M | 332.00M | -156.10M | 145.80M | 195.50M |
| Operating Cash Flow | 648.00M | 462.00M | 906.00M | 243.50M | 477.50M | 480.50M |
| Investing Cash Flow | -329.00M | -302.00M | -473.00M | -522.90M | -207.60M | -202.10M |
| Financing Cash Flow | -243.00M | -396.00M | -118.00M | 209.00M | -150.70M | -271.70M |
Suedzucker Technical Analysis
Positive
12.70
Price Trends
12.30
Positive
11.74
Positive
11.17
Positive
Market Momentum
-0.03
Positive
51.69
Neutral
42.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SZU, the sentiment is Positive. The current price of 12.7 is above the 20-day moving average (MA) of 12.31, above the 50-day MA of 12.30, and above the 200-day MA of 11.17, indicating a bullish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 51.69 is Neutral, neither overbought nor oversold. The STOCH value of 42.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SZU.
Suedzucker Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €2.23B | 14.26 | 9.63% | 1.83% | -2.98% | 1233.10% | |
61 Neutral | €2.50B | 2.34 | 22.07% | 0.50% | 6.17% | ― | |
61 Neutral | €1.72B | 26.82 | 8.33% | 1.68% | 18.54% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | €2.54B | -8.62 | -11.28% | 1.21% | -5.23% | 3.89% | |
42 Neutral | €1.02B | -0.08 | -377.02% | 0.18% | ― | ― |
* General Sector Average
DE:SZU
Suedzucker
12.20
2.47
25.39%
DE:BYW
BayWa AG
8.00
0.61
8.28%
DE:CE2
CropEnergies
13.50
-0.06
-0.44%
DE:SDF
K+S Aktiengesellschaft
13.90
2.32
20.07%
DE:KWS
KWS SAAT
68.30
2.91
4.45%
DE:VBK
verbio Vereinigte BioEnergie
26.82
13.49
101.20%
Suedzucker Corporate Events
Business Operations and StrategyFinancial Disclosures
Südzucker lifts full-year guidance after strong second-quarter earnings
Positive
Sep 28, 2026
Südzucker AG reported a sharp increase in operating Group EBITDA to EUR 168 million in the second quarter of 2026/27, up from EUR 93 million a year earlier, driven mainly by strong performance in the CropEnergies and special products segments...
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.