Klöckner & Co (KCO) Fair Value & Analysis

Basic Materials · DE · Market cap €1.2B

A solid business, but screening 40% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (€11.10). The favourable scenario is already priced in.
• The model range is unusually wide (€3.84 to €11.10). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €4.15 – €12.62 · fair‑value band €3.84 – €11.10 · the €12.36 price screens above the €7.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

Klöckner & Co (KCO) currently trades at €12.36, while our model-based Fair Value estimate is €7.47, implying the stock looks roughly 39.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Klöckner & Co generated revenue of €6.3B at a net margin of -0.5%. Revenue declined 5.9% year over year. It earns a return on equity of -1.8%. Net debt stands at €704M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €3.84 (bear case) to €11.10 (bull case); at €12.36, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 146% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -40%, KCO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based (€10.59) versus Dividend Discount (€1.71). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Klöckner & Co SE, together with its subsidiaries, engages in the distribution of steel and metal products in Germany, Switzerland, France, the United States, and internationally. It operates through two segments: Kloeckner Metals Americas and Kloeckner Metals Europe.

Full company description

Klöckner & Co SE, together with its subsidiaries, engages in the distribution of steel and metal products in Germany, Switzerland, France, the United States, and internationally. It operates through two segments: Kloeckner Metals Americas and Kloeckner Metals Europe. The company offers steel flat products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; aluminum products; and CO2-reduced steel, stainless steel, and aluminum products for building installations, roof and wall construction, and water supply. It also provides cutting and splitting of steel strips; forming and manufacturing of pressed parts; CNC turning/milling; 2D/3D tube laser cutting; laser and water jet cutting; structural steel processing; plasma and oxy-fuel cutting; blasting and primer surface treatment; and sawing/drilling/rounding off services. In addition, it offers warehousing, logistics, and materials management services. The company serves small to medium-sized steel and metal consumers, including construction, machinery and mechanical engineering, transportation, and other metalworking companies. Klöckner & Co SE was founded in 1906 and is headquartered in Duisburg, Germany. As of June 3, 2026, Klöckner & Co SE operates as a subsidiary of Worthington Steel, Inc.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Klöckner & Co reported revenue of €6.4B in FY2025 versus €7.4B in FY2021, a compound −3.8%/yr. Reported net income was −€53.6M in FY2025.

KCO screens 40% overvalued. Compare with Tata Steel Limited →

Peer Group

Steel · 378 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.