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Südzucker AG (SZU) Fair Value & Analysis

Consumer Defensive · DE · Market cap €2.3B

SA Südzucker AG SZU · XETRA
Price€10.48
Fair Value€11.73
Upside+11.9%
Quality85/100
Evidence: Medium Range €5.26 – €21.36

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 6 days ago

Share price −8.7% over the past month.

Price vs Fair Value (12 months)

€12.98 €8.95 Fair Value €11.73 Jul 2025 Jun 2026

12‑month range €8.95 – €12.98 · fair‑value band €5.26 – €21.36 · the €10.48 price screens below the €11.73 fair value. As of Jun 24, 2026.

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Analysis

Südzucker AG (SZU) currently trades at €10.48, while our model-based Fair Value estimate is €11.73 — implying the stock looks roughly 11.9% undervalued today. We read business quality at 85/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Südzucker AG generated revenue of €8.6B at a net margin of -1.9%. Revenue declined 9.2% year over year. It earns a return on equity of -4.3%. Net debt stands at €2.5B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €8.6B
Revenue growth (YoY) -9.2%
Net margin -1.9%
Return on equity -4.3%
Free cash flow €20.0M FY2026
Operating margin 2.5%
More key figures
EPS (TTM) €-1.92
EPS growth (YoY) -71.9%
Net debt €2.5B FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Südzucker AG produces and sells sugar products in Germany and internationally. The company operates through five segments: Sugar, Special Products, CropEnergies, Starch, and Fruit. The Sugar segment produces and sells sugar, sugar specialty products, glucose syrup, and animal feed to food industry, retailers, and agriculture markets, as well as offers by-products of sugar. The Special Products segment produces functional ingredients, including dietary fibers, sugar substitutes, sugar, and vegetable texturates for food, animal feed, non-food, and pharmaceutical industries. This segment also offers frozen and chilled pizzas, frozen pasta, snacks, dressings, sauces, baguettes, breadsnacks, portion packed articles, and non-food products to hotels, caterers, food retailers, and restaurants. The CropEnergies segment produces fuel-grade ethanol, neutral alcohol, protein-based food and animal feed, and liquid CO2 to oil companies and traders, food and animal feed producers, beverage, cosmet…

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Südzucker AG reported revenue of €8.4B in FY2026 versus €7.6B in FY2022, a compound +2.4%/yr. Reported net income was −€362M in FY2026.

Revenue +2.4%/yr
FY22 €7.6B
FY23 €9.5B
FY24 €10.3B
FY25 €9.7B
FY26 €8.4B
Net income
FY22 €77.7M
FY23 €412M
FY24 €589M
FY25 −€78.0M
FY26 −€362M

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Frequently asked questions

Is Südzucker AG (SZU) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €11.73 versus a price of €10.48 — about +12% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SZU?
Our 21-model fair value for Südzucker AG is €11.73 (as of Jun 24, 2026), built from audited fundamentals. The current price is €10.48.
What is the quality score of SZU?
Südzucker AG has a Quality Score of 85/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Südzucker AG (SZU)?
Südzucker AG reported trailing-twelve-month revenue of about €8.6B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SZU?
The net profit margin of Südzucker AG is about -1.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.