thyssenkrupp TKA.DE
GermanyIndustrials · ConglomeratesXetra · EUR
16.81 EUR (+25.3%)
8 analysts
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thyssenkrupp AG is a diversified German industrial conglomerate operating in sectors such as steel, materials, automotive components, plant engineering, and industrial services, with a business model centered on manufacturing and engineering solutions for industrial clients. thyssenkrupp shows solid financial health thanks to its net cash position (Net Debt/EBITDA of -6.21), but its quality is very weak (ROIC 2.97%, operating margin 0.96%) and its free cash flow conversion is deeply negative (-214.76%), reflecting a business in the midst of restructuring with low profitability.
Listed on Xetra · Symbol TKA.DE · ETR: TKA · Currency EUR
Key points
from its scores- ✓Good share-price trend9.3
- ✓Very solid balance sheet7.5
- ✕Little competitive advantage1.6
- ✕Unfavourable risk and backdrop3.3
- ✕Demanding valuation4.8
AI analysis
bottom line, main risk, context and newsHold only for investors with high risk tolerance and a long-term horizon, given the potential of the restructuring but the current weakness of the fundamentals.
Strong momentum (9.31) contrasts with weak fundamentals, and valuation is mixed: an attractive forward P/E (10.60) but a negative FCF yield (-10.80%).
The main risk is the execution of the restructuring, especially the spin-off of the steel division (Steel Europe), which is capital-intensive and highly cyclical, and could continue to drain cash and weigh on the group's profitability.
Context and risks
thyssenkrupp is a German industrial conglomerate with a steel division (Steel Europe) that is energy-intensive and highly sensitive to the economic cycle. The company is in the midst of restructuring, with a planned spin-off of its steel business, and its operating margin is very low (0.96%), making it vulnerable to any cost pressures. The context of rising interest rates in Europe (the ECB raised rates and the market prices in another hike) makes refinancing its debt more expensive, although its Net Debt/EBITDA is negative (net cash), which mitigates the direct impact. The main risk is regulatory and restructuring-related: the separation of the steel division is subject to approvals and the transformation plan carries execution risks.
Is thyssenkrupp stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 29.2 | 25.4 | +15% |
| EV / EBITDA | 16.4 | 14.5 | +13% |
| Price / book | 0.9 | 4.1 | −79% |
| Price / sales | 0.3 | 2.1 | −88% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.8 out of 10 (median for Industrials: 5.0).
Average analyst target: 16.81 EUR, +25.3% versus the price.
Classic formulas with standard assumptions (10.0% 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 Industrials medianValuation
- P/E
- 29.2
- Forward P/E
- 10.6
- EV / EBITDA
- 16.4
- Price / book
- 0.9
- Price / sales
- 0.3
- Market cap
- 8.4B EUR
- Enterprise value
- 6.9B EUR
Profitability
- ROE
- 3.3%
- ROA
- 0.4%
- ROIC (approx.)
- 3.0%
- Gross margin
- 13.5%
- Operating margin
- 1.0%
- Net margin
- 0.9%
- Free cash flow
- −902.0M EUR
- FCF yield
- −10.8%
- Cash conversion
- −215%
Solvency
- Total debt
- 772.0M EUR
- Net debt
- −2.6B EUR
- Cash
- 3.4B EUR
- EBITDA
- 420.0M EUR
- Net debt / EBITDA
- −6.21
- Debt / equity
- 7.10
- Current ratio
- 1.62
- Quick ratio
- 0.78
Growth
- Revenue growth
- +7.8%
- EPS (TTM)
- 0.46 EUR
- EPS (forward)
- 1.27 EUR
Dividend
- Dividend yield
- 1.1%
- Payout
- 32.8%
Risk and market
- Beta
- 1.56
- Analyst consensus
- Buy (8)
- Target price
- 16.81 EUR
- 52-week range
- 7.12 – 15.87
Recent news
All TKA.DE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about thyssenkrupp
Is thyssenkrupp stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%). Valuation score: 4.8 out of 10 (median for Industrials: 5.0). Average analyst target: 16.81 EUR, +25.3% versus the price. This is not investment advice.
What score does thyssenkrupp get on MeridIAn Screener?
It scores 4.8 out of 10, rank 1,792 of 2,130 (better than 16% of the companies analysed). Its strongest category is Momentum (9.3) and its weakest, Quality / Moat (1.6). Analysis of 08/10/2026.
What is thyssenkrupp's P/E ratio?
Its P/E is 29.2: the share price equals 29.2 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 10.6.
How much is thyssenkrupp worth on the stock market?
Its market capitalisation is 8.4B EUR and its enterprise value, debt included, is 6.9B EUR.
How much debt does thyssenkrupp have?
It has more cash than debt: net cash of 2.6B EUR.
Does thyssenkrupp pay a dividend?
Yes: its dividend yield is 1.12% and it pays out 33% of its earnings.
How has thyssenkrupp stock performed over the last year?
It has risen 39.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 7.12 and 15.87 EUR. Past performance does not guarantee future results.
What do analysts think of thyssenkrupp?
8 analysts cover it; their average recommendation is “Buy” and their average target is 16.81 EUR (+25.3% versus the price). It is an estimate, not market data.