QM · rank #6 · 2026-10-26
SZG
XETRA · EUR · $2.76B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +106.93% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +1.4% |
| Profit margin Net profit margin, trailing 12 months. | +0.6% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $2.76B |
| Anchor (recent) Close on 2026-09-25 | $52.40 |
| Anchor (far) Close on 2025-09-26 | $25.32 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Salzgitter AG is an integrated German steel, processing, and technology group transitioning its core steelmaking to hydrogen-based direct reduction through its SALCOS project while consolidating HKM operations.
Rationale
Strong 12-month price momentum (1.0693) is supported by an H1 2026 operational turnaround (EBT VX of €258 million vs. negative €84 million YoY) and raised FY2026 guidance, signaling accelerating fundamental momentum.
Material risks
- 1Execution delays, workforce restructuring friction, and high capital outlay across the HKM integration and SALCOS transition could elevate net debt above €1 billion without establishing long-term contracted order backlogs.
- 2High delivered German electricity and hydrogen costs combined with European steel commoditization could compress profit margins if customers refuse to pay low-carbon steel premiums.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.