K+S AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.5 EUR | -1.10% |
|
+0.04% | -5.66% |
| May. 31 | K+S : Warburg Research sticks Neutral | ZD |
| May. 22 | K+S receives 600,000 euros in Zielitz and Bernburg | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,127 | 1,491 | 2,906 | 3,517 | 2,563 | 2,418 | - | - |
| Enterprise Value (EV) 1 | 5,193 | 4,507 | 4,030 | 3,262 | 2,440 | 2,323 | 2,281 | 2,285 |
| P/E ratio | 24.2 x | -0.87 x | 0.97 x | 2.33 x | 12.8 x | 43.8 x | 21.6 x | 18.1 x |
| Yield | 1.35% | 0.51% | 1.32% | 5.44% | 4.89% | 0.68% | 1.3% | 2.23% |
| Capitalization / Revenue | 0.52 x | 0.4 x | 0.9 x | 0.62 x | 0.66 x | 0.67 x | 0.66 x | 0.65 x |
| EV / Revenue | 1.28 x | 1.22 x | 1.25 x | 0.57 x | 0.63 x | 0.64 x | 0.62 x | 0.61 x |
| EV / EBITDA | 8.11 x | 10.1 x | 4.16 x | 1.35 x | 3.42 x | 4.02 x | 3.47 x | 3.34 x |
| EV / FCF | 37.2 x | -62.6 x | -241 x | 3.15 x | 6.95 x | 16.6 x | 23.7 x | 18.7 x |
| FCF Yield | 2.69% | -1.6% | -0.41% | 31.7% | 14.4% | 6.03% | 4.22% | 5.35% |
| Price to Book | 0.47 x | 0.67 x | 0.55 x | 0.52 x | 0.39 x | 0.37 x | 0.37 x | 0.36 x |
| Nbr of stocks (in thousands) | 191,400 | 191,400 | 191,400 | 191,400 | 179,100 | 179,100 | - | - |
| Reference price 2 | 11.12 | 7.788 | 15.18 | 18.38 | 14.31 | 13.50 | 13.50 | 13.50 |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,071 | 3,698 | 3,213 | 5,677 | 3,873 | 3,607 | 3,655 | 3,740 |
| EBITDA 1 | 640.4 | 444.8 | 969.1 | 2,423 | 712.4 | 577.5 | 658.1 | 685 |
| EBIT 1 | 208.5 | 38.2 | 676.6 | 1,974 | 255.7 | 103.9 | 195.2 | 225.7 |
| Operating Margin | 5.12% | 1.03% | 21.06% | 34.77% | 6.6% | 2.88% | 5.34% | 6.04% |
| Earnings before Tax (EBT) 1 | 127 | -1,999 | 2,426 | 2,135 | 297 | 86.83 | 133 | 158.5 |
| Net income 1 | 88.9 | -1,715 | 2,983 | 1,508 | 210.2 | 55.36 | 124.1 | 133.8 |
| Net margin | 2.18% | -46.37% | 92.84% | 26.57% | 5.43% | 1.53% | 3.39% | 3.58% |
| EPS 2 | 0.4600 | -8.960 | 15.59 | 7.880 | 1.120 | 0.3079 | 0.6253 | 0.7477 |
| Free Cash Flow 1 | 139.7 | -72 | -16.7 | 1,036 | 351 | 140 | 96.33 | 122.2 |
| FCF margin | 3.43% | -1.95% | -0.52% | 18.24% | 9.06% | 3.88% | 2.64% | 3.27% |
| FCF Conversion (EBITDA) | 21.81% | - | - | 42.74% | 49.27% | 24.24% | 14.64% | 17.84% |
| FCF Conversion (Net income) | 157.14% | - | - | 68.66% | 166.98% | 252.91% | 77.63% | 91.36% |
| Dividend per Share 2 | 0.1500 | 0.0400 | 0.2000 | 1.000 | 0.7000 | 0.0917 | 0.1761 | 0.3010 |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,929 | 1,069 | 1,212 | 1,510 | 1,470 | 1,484 | 1,192 | 825.8 | 880.8 | 974 | 988 | 837.5 | 846.3 | 950.5 | - | - |
| EBITDA 1 | 288.9 | 611 | 524.1 | 706.4 | 633.3 | 559.2 | 453.8 | 24.3 | 72.2 | 162.2 | 200.1 | 110.7 | 86.97 | 183.4 | 208 | 124 |
| EBIT 1 | 63.6 | 524.8 | 422.7 | 598 | 524.3 | 429 | 345.9 | -78.1 | -43.1 | 31.1 | 74.9 | -29.78 | -34.06 | 89.37 | - | - |
| Operating Margin | 3.3% | 49.07% | 34.87% | 39.61% | 35.67% | 28.9% | 29.02% | -9.46% | -4.89% | 3.19% | 7.58% | -3.56% | -4.02% | 9.4% | - | - |
| Earnings before Tax (EBT) | - | 625.5 | 441.1 | 522.6 | 399.3 | - | - | - | -67.3 | - | - | - | - | - | - | - |
| Net income 1 | -6 | 525.8 | 310.9 | 370.3 | 378.7 | 380.6 | 263.4 | -45.3 | -47.6 | 39.7 | 18.6 | -10.09 | -24.23 | 56.51 | - | - |
| Net margin | -0.31% | 49.17% | 25.65% | 24.52% | 25.76% | 25.64% | 22.1% | -5.49% | -5.4% | 4.08% | 1.88% | -1.2% | -2.86% | 5.95% | - | - |
| EPS 2 | -0.0300 | 2.750 | 1.620 | 1.930 | 1.980 | 1.990 | 1.380 | -0.2400 | -0.2500 | 0.2200 | 0.1000 | 0.0285 | -0.0311 | 0.1913 | 0.3400 | 0.4100 |
| Dividend per Share 2 | - | 0.2000 | - | - | - | 1.000 | - | - | - | 0.7000 | - | - | - | - | - | - |
| Announcement Date | 8/13/20 | 3/10/22 | 5/11/22 | 8/11/22 | 11/10/22 | 3/15/23 | 5/9/23 | 8/10/23 | 11/14/23 | 3/14/24 | 5/13/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,066 | 3,016 | 1,124 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 255 | 123 | 95.3 | 137 | 133 |
| Leverage (Debt/EBITDA) | 4.787 x | 6.781 x | 1.16 x | - | - | - | - | - |
| Free Cash Flow 1 | 140 | -72 | -16.7 | 1,036 | 351 | 140 | 96.3 | 122 |
| ROE (net income / shareholders' equity) | 1.8% | -51.1% | 59.1% | 25.2% | 3.18% | 1.04% | 2.38% | 2.36% |
| ROA (Net income/ Total Assets) | 0.86% | -18.1% | 25.9% | 16.2% | 2.17% | 0.76% | 0.89% | 0.87% |
| Assets 1 | 10,279 | 9,490 | 11,498 | 9,307 | 9,682 | 7,249 | 13,900 | 15,302 |
| Book Value Per Share 2 | 23.50 | 11.60 | 27.70 | 35.10 | 36.30 | 36.20 | 36.70 | 37.30 |
| Cash Flow per Share 2 | 3.310 | 3.340 | 1.710 | 7.270 | 4.380 | 3.200 | 3.290 | 3.140 |
| Capex 1 | 493 | 501 | 344 | 356 | 470 | 554 | 569 | 574 |
| Capex / Sales | 12.12% | 13.53% | 10.69% | 6.28% | 12.14% | 15.35% | 15.57% | 15.36% |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
13.5
EUR
Average target price
15.31
EUR
Spread / Average Target
+13.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.66% | 2.62B | |
| +16.74% | 38.99B | |
| -.--% | 11.36B | |
| -3.33% | 7.61B | |
| +1.10% | 6.45B | |
| -4.79% | 6.01B | |
| -4.50% | 5.73B | |
| +32.88% | 5.25B | |
| -16.30% | 5.23B | |
| -13.40% | 4.58B |
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