Südzucker SZU.DE
GermanyConsumer Defensive · Packaged FoodsXetra · EUR
12.38 EUR (−0.2%)
5 analysts
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Südzucker AG is a German producer of sugar and processed foods, with operations in Europe, also producing starch, fructose and other food ingredients, operating in the defensive consumer sector.
Listed on Xetra · Symbol SZU.DE · ETR: SZU · Currency EUR
Key points
from its scores- ✓Favourable backdrop8.9
- ✓Good share-price trend8.3
- ✕Little or no dividend1.7
- ✕Weak growth2.6
- ✕Little competitive advantage3.8
AI analysis
bottom line, main risk, context and newsThe cheap valuation does not offset operational deterioration and high leverage in a rising rate environment.
Südzucker shows mediocre financial health (score 5.07) with high debt (Net Debt/EBITDA 3.63) and very low operating margins (3.01%), limiting its value generation capacity; its valuation seems attractive (forward P/E 15.86, FCF yield 10.96%) but negative growth (-4.40%) and unsustainable payout (409%) weigh on its appeal.
High leverage (Net Debt/EBITDA 3.63) combined with very low operating margins (3.01%) makes Südzucker vulnerable to higher financing costs and further demand contraction, especially in a rising rate environment in Europe.
Context and risks
Südzucker operates in the processed food sector, with exposure to EU agricultural and price regulation, and its high leverage (Net Debt/EBITDA of 3.63) makes it sensitive to a rising rate environment in Europe, where the ECB has raised rates and may continue. However, its defensive consumer business limits the direct impact of commodities and geopolitics.
Is Südzucker stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades in line with the Consumer Defensive median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 9.8 | 10.8 | −9% |
| Price / book | 1.2 | 2.7 | −57% |
| Price / sales | 0.3 | 1.2 | −75% |
Sector: median of the 124 Consumer Defensive companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.0 out of 10 (median for Consumer Defensive: 6.3).
Average analyst target: 12.38 EUR, −0.2% versus the price.
Classic formulas with standard assumptions (5.0% 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 Consumer Defensive medianValuation
- Forward P/E
- 15.9
- EV / EBITDA
- 9.8
- Price / book
- 1.2
- Price / sales
- 0.3
- PEG
- 17.34
- Market cap
- 2.5B EUR
- Enterprise value
- 5.1B EUR
Profitability
- ROE
- −8.6%
- ROA
- 1.3%
- ROIC (approx.)
- 5.8%
- Gross margin
- 31.7%
- Operating margin
- 3.0%
- Net margin
- −3.9%
- Free cash flow
- 277.5M EUR
- FCF yield
- 11.0%
- Cash conversion
- 54%
Solvency
- Total debt
- 2.1B EUR
- Net debt
- 1.9B EUR
- Cash
- 232.0M EUR
- EBITDA
- 517.0M EUR
- Net debt / EBITDA
- 3.63
- Debt / equity
- 58.89
- Current ratio
- 2.17
- Quick ratio
- 0.62
Growth
- Revenue growth
- −4.4%
- EPS (TTM)
- −1.75 EUR
- EPS (forward)
- 0.78 EUR
Dividend
- Dividend yield
- 1.6%
- Payout
- 409.1%
Risk and market
- Beta
- −0.23
- Analyst consensus
- Hold (5)
- Target price
- 12.38 EUR
- 52-week range
- 8.92 – 13.57
Recent news
All SZU.DE news →Compare it with its sector
All 124 in Consumer Defensive →Frequently asked questions about Südzucker
Is Südzucker stock cheap or expensive?
On EV / EBITDA, it trades in line with the Consumer Defensive median (within 15%). Valuation score: 5.0 out of 10 (median for Consumer Defensive: 6.3). Average analyst target: 12.38 EUR, −0.2% versus the price. This is not investment advice.
What score does Südzucker get on MeridIAn Screener?
It scores 4.9 out of 10, rank 1,765 of 2,130 (better than 17% of the companies analysed). Its strongest category is Risk & Context (8.9) and its weakest, Dividend (1.7). Analysis of 08/10/2026.
How much is Südzucker worth on the stock market?
Its market capitalisation is 2.5B EUR and its enterprise value, debt included, is 5.1B EUR.
How much debt does Südzucker have?
Its net debt (debt minus cash) is 1.9B EUR. That is 3.63 times its EBITDA; the Consumer Defensive median is 2.38.
Does Südzucker pay a dividend?
Yes: its dividend yield is 1.61% and it pays out 409% of its earnings.
How has Südzucker stock performed over the last year?
It has risen 25.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 8.92 and 13.57 EUR. Past performance does not guarantee future results.
What do analysts think of Südzucker?
5 analysts cover it; their average recommendation is “Hold” and their average target is 12.38 EUR (−0.2% versus the price). It is an estimate, not market data.