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thyssenkrupp AG
(OTC:TKAMY)
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Rating:59Neutral
Price Target:
$18.50
▲(8.00% Upside)
Action:Reiterated
Date:08/18/26
The score reflects a stable balance sheet and improving earnings/guidance, offset by weak and volatile free cash flow. Technicals are supportive but look overextended, while valuation (P/E ~30) and a modest dividend yield reduce the margin of safety.
Positive Factors
Conservative balance sheet
Very low leverage and substantial equity provide thyssenkrupp with financial flexibility during cyclical downturns. Net cash also supports continued investment, restructuring, and strategic projects while reducing dependence on external financing over the next several quarters.
Negative Factors
Deeply negative free cash flow
Large negative free cash flow means reported earnings are not currently translating into cash available for reinvestment or shareholders. If this persists, capital spending, restructuring needs, and working-capital requirements could reduce financial flexibility despite the net cash position.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and substantial equity provide thyssenkrupp with financial flexibility during cyclical downturns. Net cash also supports continued investment, restructuring, and strategic projects while reducing dependence on external financing over the next several quarters.
Read all positive factors
thyssenkrupp AG (TKAMY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.13B
Dividend Yield0.99%
Average Volume (3M)2.53K
Price to Earnings (P/E)33.4
Beta (1Y)0.80
Revenue Growth4.84%
EPS GrowthN/A
CountryUS
Employees93,375
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)0.46
Shares Outstanding622,531,740
10 Day Avg. Volume3,460
30 Day Avg. Volume2,533
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.75
Price to Sales (P/S)0.22
P/FCF Ratio243.45
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.96
Revenue Forecast (FY)$37.56B
thyssenkrupp AG Business Overview & Revenue Model
Company Description
thyssenkrupp AG, a German industrial conglomerate established in 1811 and headquartered in Essen, conducts extensive operations across Germany, the United States, China, and other international markets. The company's diverse portfolio is structure...
How the Company Makes Money
thyssenkrupp makes money primarily by selling products and services across its business segments. A major revenue stream is materials distribution and related processing/value-added services, where it purchases metals and other materials, manages ...
thyssenkrupp AG Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Dec 08, 2026
Earnings Call Sentiment Neutral
The call balanced clear operational progress in several core areas (notably Materials Services, Steel Europe profitability improvement, Marine Systems backlog and a tightened EBIT guidance) with persistent demand weakness in Automotive and Decarbon Technologies, significant cumulative negative free cash flow to-date, and near-term headwinds (HKM deconsolidation impact, maintenance, Rhine logistics and pension liabilities). Management presented cautious optimism—executing performance measures and confirming FCF guidance—while maintaining prudence on market visibility.Positive Updates
Improved Quarterly Free Cash Flow and 9M Context
Q3 free cash flow before M&A improved year-on-year (reported at minus EUR 140 million in one comment and reconciled as minus EUR 114 million in the quarter), representing a YoY improvement of EUR 140 million; accumulated 9-month free cash flow before M&A was minus EUR 1.9 billion, and full-year FCF before M&A guidance was confirmed at minus EUR 600 million to minus EUR 300 million.
Negative Updates
Group Sales Downgrade
Full-year group sales guidance was lowered and is now expected to be down between -3% and -1% versus the prior year, reflecting weak demand in several segments.
Read all updates
Q3-2026 Updates
Positive
Negative
Improved Quarterly Free Cash Flow and 9M Context
Q3 free cash flow before M&A improved year-on-year (reported at minus EUR 140 million in one comment and reconciled as minus EUR 114 million in the quarter), representing a YoY improvement of EUR 140 million; accumulated 9-month free cash flow before M&A was minus EUR 1.9 billion, and full-year FCF before M&A guidance was confirmed at minus EUR 600 million to minus EUR 300 million.
Read all positive updates
Company Guidance
Management confirmed full‑year guidance: group sales −3% to −1% y/y, EBIT adjusted €600–900m (raised from a prior €500–900m lower bound) and free cash flow before M&A confirmed at −€600m to −€300m (including up to €250m lower restructuring cash outs and a reduced CapEx guidance of €1.3–2.0bn). Q3 metrics: free cash flow before M&A was reported around −€140m in the quarter (−€114m on the reconciliation), bringing 9‑month FCF to ~−€1.9bn; Q3 net income was +€34m and 9M adjusted EBIT ~€373m. The group holds net cash of ~€2.6bn; notable one‑offs include Steel Europe write‑ups of ~€400m and an HKM impairment of €276m, while AST proceeds were in the high‑double‑digit millions. Capex/investment highlights: Q3 investments included €252m for the direct reduction (DRI) plant (total DRI capex ≈€3bn with ~€2bn public funding, ~€1bn received so far and ~€300m net spend to date). Marine Systems backlog exceeds €20bn; management stressed improved operational execution but remains cautious on macro, Rhine logistics, maintenance and energy price volatility.thyssenkrupp AG Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
76
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.70B | 32.84B | 35.04B | 37.53B | 41.14B | 34.02B |
| Gross Profit | 3.87B | 3.50B | 3.24B | 2.66B | 5.66B | 4.36B |
| EBITDA | 2.09B | 2.67B | 1.03B | 1.83B | 2.99B | 1.30B |
| Net Income | 338.68M | 465.00M | -1.51B | -2.07B | 1.14B | -19.00M |
Balance Sheet | ||||||
| Total Assets | 29.14B | 28.89B | 29.33B | 33.29B | 37.49B | 36.81B |
| Cash, Cash Equivalents and Short-Term Investments | 3.38B | 6.09B | 6.33B | 7.83B | 8.20B | 9.53B |
| Total Debt | 771.68M | 878.00M | 1.47B | 3.02B | 3.98B | 5.43B |
| Total Liabilities | 18.27B | 18.32B | 18.98B | 20.60B | 22.75B | 25.97B |
| Stockholders Equity | 9.71B | 9.77B | 9.58B | 11.84B | 14.20B | 10.40B |
Cash Flow | ||||||
| Free Cash Flow | -931.18M | 30.00M | -243.00M | 307.00M | -679.00M | -1.36B |
| Operating Cash Flow | 546.08M | 1.68B | 1.35B | 2.06B | 617.00M | 92.00M |
| Investing Cash Flow | -1.05B | -939.50M | -1.13B | -1.58B | -277.00M | -510.00M |
| Financing Cash Flow | -584.01M | -1.03B | -1.64B | -716.00M | -1.79B | -1.28B |
thyssenkrupp AG Technical Analysis
Positive
17.13
Price Trends
14.94
Positive
13.62
Positive
12.37
Positive
Market Momentum
0.85
Negative
65.21
Neutral
78.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TKAMY, the sentiment is Positive. The current price of 17.13 is above the 20-day moving average (MA) of 16.56, above the 50-day MA of 14.94, and above the 200-day MA of 12.37, indicating a bullish trend. The MACD of 0.85 indicates Negative momentum. The RSI at 65.21 is Neutral, neither overbought nor oversold. The STOCH value of 78.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TKAMY.
thyssenkrupp AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $13.38B | 15.49 | 27.33% | 1.07% | 14.81% | 21.29% | |
75 Outperform | $27.07B | 56.95 | 26.59% | 1.81% | 4.58% | 15.71% | |
72 Outperform | $21.96B | 41.85 | 25.87% | 0.18% | 8.59% | 41.32% | |
70 Outperform | $2.79B | 17.85 | 15.80% | 1.33% | 19.72% | 63.76% | |
64 Neutral | $4.39B | 25.89 | 7.66% | 0.59% | 9.65% | -33.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $11.13B | 33.38 | 3.04% | 0.99% | 4.84% | ― |
* Industrials Sector Average
TKAMY
thyssenkrupp AG
17.90
8.96
100.27%
ATI
ATI
198.77
121.32
156.64%
CRS
Carpenter Technology
443.19
202.34
84.01%
MLI
Mueller Industries
60.48
11.60
23.73%
WOR
Worthington Industries
56.93
-6.20
-9.83%
ESAB
ESAB Corporation
70.69
-37.94
-34.93%
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.