Südwestdeutsche Salzwerke AG (SSH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Südwestdeutsche Salzwerke AG stock €23.89, price €63.00, that is 62.1% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Südwestdeutsche Salzwerke AG
SSH · FOur calculation puts a fair price 62% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range €49.25 – €95.46 · fair‑value band €18.02 – €31.23 · the €63.00 price screens above the €23.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Company profile
Südwestdeutsche Salzwerke AG, together with its subsidiaries, mines, produces, and sells salt in Germany, the European Union, and internationally. The company operates through Salt, Waste Management, and All Other segments.
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It offers sea salt under the Aquasale brand; food grade salt comprising evaporated table, cheese, pretzel, and compacted evaporated salt under the SALTA and JOSAL brands; nitrite pickling salt; feed salt and lick stones under the SALIT brand; and pharmaceutical salt, such as sodium chloride and granulated sodium chloride salt.
The company also provides industrial salt for use in industrial and trade sectors, as well as electrolysis; water softening, pool, and dishwasher salt under the ALPOSAL, CLARAMAT, and KONTRAKALK brands; de-icing salt; and salt brine.
In addition, it offers winter road maintenance equipment comprising silos and grit containers; and conditions, processed, and stores waste materials comprising flue gas cleaning residues, contaminated soils, construction waste, and salt processing residues.
Further, the company provides logistics services that include inland waterway shipping, warehousing, and transport services; and financial support to start-ups, as well as operates mines and tourist facilities, which include Bad Friedrichshall and Berchtesgaden salt mines, as well as the salt museum in the old saltworks in Bad Reichenhall.
It also offers its products online. The company was incorporated in 1971 and is headquartered in Heilbronn, Germany.
Stock analysis
Südwestdeutsche Salzwerke AG (SSH) currently trades at €63.00, while our model-based Fair Value estimate is €23.89, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €63.05 per share, and 3 of the 15 models we run sit above the €63.00 price.
Bear case: the Asset-Based group reads lowest at €15.72, and 12 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €18.02 (bear) to €31.23 (bull), the price of €63.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Südwestdeutsche Salzwerke AG reported revenue of €344M in FY2025 versus €342M in FY2021, a compound +0.2%/yr. Reported net income was €33.6M in FY2025, compounding −7.1%/yr from FY2021.
Key figures
Market cap €662M Small · P/E ratio 13.9 · P/S ratio 1.73 · EPS (TTM) €4.52 · Dividend yield 3.0% · Net margin 12.4% · Return on equity 17.2% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −62%, SSH screens richer than that median.
Fair Value models
All 15 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
SSH screens overvalued: fair value 62% below the price. Compare with Nestlé S.A →
Compare Südwestdeutsche Salzwerke AG with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Packaged Foods · 625 stocks
Valuation Multiplesvs Packaged Foods median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Stock screener with 62 metrics
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Wilmar International Limited F34 | 2.97 SGD | 4.93 SGD | +66% | vs SSH |
| Inner Mongolia Yili Industrial Group 600887 | ¥31.45 | ¥41.84 | +33% | vs SSH |
| The Kraft Heinz Company KHC | $24.61 | $29.20 | +19% | vs SSH |
| Foshan Haitian Flavouring and Food Company 603288 | ¥35.78 | ¥39.22 | +10% | vs SSH |
| General Mills, Inc GIS | $35.51 | $35.30 | −1% | vs SSH |
| Danone S.A BN | €67.12 | €50.65 | −25% | vs SSH |
| Nestlé S.A NESN | CHF 85.85 | CHF 59.51 | −31% | vs SSH |
| Kerry Group KRZ | €98.00 | €60.33 | −38% | vs SSH |
| Nestlé India Limited NESTLEIND | ₹1,282 | ₹724.74 | −43% | vs SSH |
| Yihai Kerry Arawana Holdings 300999 | ¥26.21 | ¥12.21 | −53% | vs SSH |
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Key figures of Südwestdeutsche Salzwerke AG
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