VOE Stock Analysis: Voestalpine | VI
Steel | VI, Austria | Market Cap: 7.660m EUR | 12M Return: 81.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.1M
Qual. Beats: 1
Rev. Trend: -98.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Voestalpine AG is an Austrian steel and technology group structured around four industrial divisions-Steel, High Performance Metals, Metal Engineering, and Metal Forming-plus a Holding & Group Services segment. Its Steel division produces hot- and cold-rolled steel strips, electrogalvanized and hot-dip galvanized products, organically coated strips, heavy plates, and foundry items including turbine casings for the energy sector. The High Performance Metals division supplies specialty tool steels, high-speed steels, and nickel-base and titanium alloys to the oil and gas, aerospace, and energy engineering industries, complemented by tool manufacturing, heat treatment, coating, warehousing, and distribution services. Metal Engineering offers wire rods, drawn wires, seamless tubes, welding consumables, railway rails, and digital rail-monitoring systems. Metal Forming produces refined special sections, precision strip steel, pre-finished pressed and roll-profiled components, and storage-system solutions, with strong ties to automotive supply chains as well as commercial vehicles, construction, energy, and agricultural machinery.
Headquartered in Linz, Austria, Voestalpine serves end-markets spanning automotive, energy, railway systems, construction, mechanical engineering, white goods/consumer goods, and aerospace. It is Austrias largest steelmaker and one of Europes leading specialty steel producers, a position that links its results to the cyclicality of European industrial demand and automotive production volumes. Diversification across high-alloy materials, rail infrastructure, and automotive components partly moderates exposure to commodity-grade steel pricing.
- European steel demand weakness pressures Steel Division margins
- Automotive EV transition reshapes Metal Forming segment orders
- Green steel hydrogen investment weighs on capex and returns
- EU CBAM carbon regulation could lift low-carbon steel premiums
| Net Income: 424.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.50 > 1.0 |
| NWC/Revenue: 13.11% < 20% (prev 14.73%; Δ -1.62% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.54b > Net Income 424.7m |
| Net Debt (-796.3m) to EBITDA (1.46b): -0.55 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 20.02% > 18% (prev 18.03%; Δ 1.99% > 0.5%) |
| Asset Turnover: 94.93% > 50% (prev 100.1%; Δ -5.13% > 0%) |
| Interest Coverage Ratio: 3.68 > 6 (EBIT TTM 708.9m / Interest Expense TTM 192.6m) |
| A: 0.12 (Total Current Assets 7.62b - Total Current Liabilities 5.65b) / Total Assets 16.0b |
| B: 0.44 (Retained Earnings 7.01b / Total Assets 16.0b) |
| C: 0.04 (EBIT TTM 708.9m / Avg Total Assets 15.9b) |
| D: 0.92 (Book Value of Equity 7.58b / Total Liabilities 8.20b) |
| Altman-Z'' = 3.51 = A |
| DSRI: 1.07 (Receivables 969.5m/942.9m, Revenue 15.1b/15.7b) |
| GMI: 0.90 (GM 18.03% / 20.02%) |
| AQI: 1.00 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 0.96 (Revenue 15.1b / 15.7b) |
| TATA: -0.07 (NI 424.7m - CFO 1.54b) / TA 16.0b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of July 29, 2026, the stock is trading at EUR 44.82 with a total of 150,492 shares traded. Over the past week, the price has changed by +0.99%, over one month by +12.87%, over three months by +9.62% and over the past year by +81.56%.
Current recommended Stop Loss: 42.40 (which is 5.4% or 1.5 ATR below the current price).
Voestalpine has no consensus analysts rating.
P/E Trailing = 18.3115
P/E Forward = 10.2041
P/S = 0.5086
P/B = 0.9857
P/EG = 5.878
Revenue TTM = 15.1b EUR
EBIT TTM = 708.9m EUR
EBITDA TTM = 1.46b EUR
Long Term Debt = 1.27b EUR (from longTermDebt, last quarter)
Short Term Debt = 841.6m EUR (from shortLongTermDebt, last quarter)
Debt = 299.7m EUR (Leases only: 299.7m)
Net Debt = -796.3m EUR (calculated: Debt 299.7m - CCE 1.10b)
Enterprise Value = 6.86b EUR (7.66b + Debt 299.7m - CCE 1.10b)
Interest Coverage Ratio = 3.68 (Ebit TTM 708.9m / Interest Expense TTM 192.6m)
EV/FCF = 12.33x (Enterprise Value 6.86b / FCF TTM 556.7m)
FCF Yield = 8.11% (FCF TTM 556.7m / Enterprise Value 6.86b)
FCF Margin = 3.70% (FCF TTM 556.7m / Revenue TTM 15.1b)
Net Margin = 2.82% (Net Income TTM 424.7m / Revenue TTM 15.1b)
Gross Margin = 20.02% ((Revenue TTM 15.1b - Cost of Revenue TTM 12.0b) / Revenue TTM)
Gross Margin QoQ = 21.01% (prev 20.34%)
Tobins Q-Ratio = 0.43 (Enterprise Value 6.86b / Total Assets 16.0b)
Interest Expense / Debt = 64.26% (Interest Expense 192.6m / Debt 299.7m)
Taxrate = 27.67% (162.3m / 586.6m)
NOPAT = 512.8m (EBIT 708.9m * (1 - 27.67%))
Current Ratio = 1.35 (Total Current Assets 7.62b / Total Current Liabilities 5.65b)
Debt / Equity = 0.04 (Debt 299.7m / totalStockholderEquity, last quarter 7.58b)
Debt / EBITDA = -0.55 (Net Debt -796.3m / EBITDA 1.46b)
Debt / FCF = -1.43 (Net Debt -796.3m / FCF TTM 556.7m)
Total Stockholder Equity = 7.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.68% (Net Income 424.7m / Total Assets 16.0b)
RoE = 5.75% (Net Income TTM 424.7m / Total Stockholder Equity 7.39b)
RoCE = 8.19% (EBIT 708.9m / Capital Employed (Equity 7.39b + L.T.Debt 1.27b))
RoIC = 5.34% (NOPAT 512.8m / Invested Capital 9.60b)
WACC = 7.84% (E(7.66b)/V(7.96b) * Re(8.15%) + (debt cost/tax rate unavailable))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.66 | Cagr: -1.78%
[DCF] Terminal Value 77.97% ; FCFF base≈458.8m ; Y1≈525.9m ; Y5≈774.0m
[DCF] Fair Price = 72.58 (EV 11.6b - Net Debt -796.3m = Equity 12.4b / Shares 171.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.36 | # QB: 1
Revenue Correlation: -98.62 | Revenue CAGR: -6.10% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.57 | Chg30d=-8.98% | Revisions=-40% | Analysts=2
EPS current Year (2027-03-31): EPS=3.70 | Chg30d=-1.71% | Revisions=+30% | GrowthEPS=+51.5% | GrowthRev=+3.3%
EPS next Year (2028-03-31): EPS=5.02 | Chg30d=+7.52% | Revisions=+22% | GrowthEPS=+35.9% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +17% (up=9, down=6)