Springer Nature SPG.DE
GermanyCommunication Services · PublishingXetra · EUR
26.26 EUR (+28.1%)
8 analysts
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Springer Nature is an academic and scientific publisher that publishes journals, books, and digital content, generating recurring revenue mainly through subscriptions and licenses for research and education institutions.
Listed on Xetra · Symbol SPG.DE · ETR: SPG · Currency EUR
Key points
from its scores- ✓Attractive valuation8.9
- ✓Favourable backdrop8.9
- ✕Little or no dividend2.1
- ✕Weak growth3.2
- ✕Poor share-price trend4.3
AI analysis
bottom line, main risk, context and newsValuation is attractive and the moat is solid, but the lack of earnings growth and negative momentum limit the upside potential in the short term.
Springer Nature presents an attractive valuation (P/E 12.35, EV/EBITDA 7.35) backed by an 87% gross margin and a 17.1% ROE, although earnings growth is negative (-21.6%) and momentum is weak (-12.6% over 12 months). Financial health is solid with a net debt/EBITDA of 1.63x, which partially offsets the lack of growth.
The main risk is the decline in earnings (-21.6%) and weak momentum, which could indicate operational deterioration or competitive pressures in the academic publishing market, especially if the shift to open access pressures subscription revenue.
Context and risks
Springer Nature operates in the academic publishing sector, a business with recurring subscription revenue and strong cash generation, but with moderate regulatory exposure in Germany. The rising rate environment in Europe (ECB) and dollar strength do not materially affect its business model, although its net debt/EBITDA of 1.63x is moderate and does not represent a significant risk. The main contextual risk is potential regulatory pressure on academic subscription prices and open access, a recurring issue in the sector.
Is Springer Nature stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 26% below the Communication Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.3 | 17.1 | −28% |
| EV / EBITDA | 7.3 | 9.6 | −23% |
| Price / book | 2.0 | 2.3 | −12% |
| Price / sales | 2.1 | 1.9 | +8% |
Sector: median of the 102 Communication Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.9 out of 10 (median for Communication Services: 6.3).
Average analyst target: 26.26 EUR, +28.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.8 (sector 6.6), Growth 3.2 (sector 5.4).
Classic formulas with standard assumptions (9.2% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Communication Services medianValuation
- P/E
- 12.3
- Forward P/E
- 11.3
- EV / EBITDA
- 7.3
- Price / book
- 2.0
- Price / sales
- 2.1
- Market cap
- 4.1B EUR
- Enterprise value
- 5.2B EUR
Profitability
- ROE
- 17.1%
- ROA
- 5.8%
- ROIC (approx.)
- 11.4%
- Gross margin
- 87.0%
- Operating margin
- 20.1%
- Net margin
- 16.8%
- Free cash flow
- 339.8M EUR
- FCF yield
- 8.3%
- Cash conversion
- 48%
Solvency
- Total debt
- 1.4B EUR
- Net debt
- 1.2B EUR
- Cash
- 272.4M EUR
- EBITDA
- 713.4M EUR
- Net debt / EBITDA
- 1.63
- Debt / equity
- 71.78
- Current ratio
- 0.92
- Quick ratio
- 0.74
Growth
- Revenue growth
- +3.0%
- Earnings growth
- −21.6%
- EPS (TTM)
- 1.66 EUR
- EPS (forward)
- 1.81 EUR
Dividend
- Dividend yield
- 0.6%
- Payout
- 0.0%
Risk and market
- Beta
- −0.49
- Analyst consensus
- Buy (8)
- Target price
- 26.26 EUR
- 52-week range
- 14.70 – 23.70
Recent news
All SPG.DE news →Compare it with its sector
All 102 in Communication Services →Frequently asked questions about Springer Nature
Is Springer Nature stock cheap or expensive?
On P/E and EV / EBITDA, it trades 26% below the Communication Services median on average. Valuation score: 8.9 out of 10 (median for Communication Services: 6.3). Average analyst target: 26.26 EUR, +28.1% versus the price. This is not investment advice.
What score does Springer Nature get on MeridIAn Screener?
It scores 6.5 out of 10, rank 575 of 2,130 (better than 72% of the companies analysed). Its strongest category is Valuation (8.9) and its weakest, Dividend (2.1). Analysis of 08/10/2026.
What is Springer Nature's P/E ratio?
Its P/E is 12.3: the share price equals 12.3 times earnings per share over the last 12 months. The Communication Services median is 17.1. Based on the earnings analysts expect, the forward P/E is 11.3.
How much is Springer Nature worth on the stock market?
Its market capitalisation is 4.1B EUR and its enterprise value, debt included, is 5.2B EUR.
How much debt does Springer Nature have?
Its net debt (debt minus cash) is 1.2B EUR. That is 1.63 times its EBITDA; the Communication Services median is 2.19.
Does Springer Nature pay a dividend?
Yes: its dividend yield is 0.63%.
How has Springer Nature stock performed over the last year?
It has fallen 10.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 14.70 and 23.70 EUR. Past performance does not guarantee future results.
What do analysts think of Springer Nature?
8 analysts cover it; their average recommendation is “Buy” and their average target is 26.26 EUR (+28.1% versus the price). It is an estimate, not market data.