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thyssenkrupp AG (TKA) Fair Value & Analysis

Industrials · DE · Market cap €7.3B · ISIN DE0007500001

What is thyssenkrupp AG really worth?

TA thyssenkrupp AG TKA · XETRA
Price€15.21
Fair Value€15.69
Upside+3.2%
Quality56/100

A solid business, currently priced close to our fair value of €15.69.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +2.6 %/yr)
!Thin margins · 0.0% net margin
!Trails peers (4/13)
!Narrow moat 22/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 2 out of 100
!Weak on dividend: 20 out of 100

For context

·0.99% dividend yield
Evidence: Medium Range €11.76 – €19.61

Fair value as of: Aug 30, 2026

From 11 valuation models · updated 6 days ago

Share price +20.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

€15.21 €1.97 Fair Value €15.69 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range €1.97 – €15.21 · fair‑value band €11.76 – €19.61 · the €15.21 price screens below the €15.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

thyssenkrupp AG (TKA) currently trades at €15.21, while our model-based Fair Value estimate is €15.69, implying the stock looks roughly 3.1% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of €16.70 per share, and 4 of the 11 models we run sit above the €15.21 price. Bear case: the Earnings-Based group reads lowest at €6.21, and 7 of the 11 models stay below the price. Evidence for this calculation is medium.

Trailing-twelve-month revenue stands at €32.0B. Revenue declined 2.3% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of €4.8B. Fundamentals as of Aug 30, 2026

Our scenario range runs from €11.76 (bear case) to €19.61 (bull case); at €15.21, the current price sits within 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 near its 52-week high and 151% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 3%, TKA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF best evidence €11.03 €11.66 €12.71 80
Owner Earnings €13.94 €15.70 €18.84 78
Residual Income €11.73 €11.69 €10.77 76
All 11 models by family
DCF Models
Owner Earnings €13.94 €15.70 €18.84 78
5Y P/E Exit €15.92 €20.39 €25.71 72
10Y P/E Exit €13.89 €16.70 €19.45 65
Earnings-Based
Graham-Dodd €5.08 €6.21 €6.98 67
Dividend Discount
Gordon GGM €1.31 €1.43 €1.61 69
DDM Multi-Stage €1.31 €1.62 €2.04 67
Multiples
P/E Multiple €11.76 €15.69 €19.61 63
P/B Multiple €9.52 €12.70 €15.87 55
Asset-Based
NCAV (Graham) €7.84 €10.51 €15.69 54
Growth DCF
Growth DCF best evidence €11.03 €11.66 €12.71 80
Economic Profit
Residual Income €11.73 €11.69 €10.77 76

Widest divergence: DCF Models (€16.70) versus Dividend Discount (€1.43). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.23 TTM
EPS (TTM) €0.0100
Dividend yield 1.0%
Net margin 1.4% FY2025
Return on equity 0.5% TTM
Return on assets (EBIT) −1.2% avg 5y
More key figures
Profitability
Operating margin 0.7% TTM
Growth
Revenue (TTM) €32.0B TTM
Revenue growth (YoY) −2.3% 3y avg −7.2%
Balance sheet & cash flow
Free cash flow €121M FY2025
Net cash €4.8B FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 75

Profitability 35
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

thyssenkrupp AG, together with its subsidiaries, provides industrial and technology solutions and services in Germany and internationally. The company operates in five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems.

Full company description

thyssenkrupp AG, together with its subsidiaries, provides industrial and technology solutions and services in Germany and internationally. The company operates in five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. It offers axle assembly and logistics, body in white, camshafts and electric engine components, carValoo, dampers, dies, plant engineering for batteries and powertrain, prototypes, serial production, springs and stabilizers, steering, crankshafts and conrods, thermal management, and undercarriages, as well as systems, automation, and mechatronic solutions; and slewing bearings and rings, chemical plants, coke plant technologies, green ammonia, methanol, and hydrogen, high-pressure processing, refinery services and cement plants. The company also provides alloys, logistics services, industrial minerals, material services, nonferrous metals, plastics, and stainless steel; composite materials, cut-to-length sheet products, electrical and packaging steel, hot and precision steel strips, organic coated strips and sheets, and sheet and coated products; and naval services, surface vessels, and submarines. It serves automotive, chemicals, energy generation and distribution, food and beverages, white goods, aerospace, mechanical and plant engineering, oil and gas, shipbuilding, and special vehicles, as well as construction, infrastructure, and buildings industries. The company was founded in 1811 and is headquartered in Essen, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

thyssenkrupp AG reported revenue of €32.8B in FY2025 versus €34.0B in FY2021, a compound −0.9%/yr. Reported net income was €465M in FY2025.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€32.8B
Latest YoY
−6.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.6%
Avg. revenue growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.4%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
−24.8% (−25.8 + 1.0)
Revenue −0.9%/yr
FY21 €34.0B
FY22 €41.1B
FY23 €37.5B
FY24 €35.0B
FY25 €32.8B
Net income
FY21 −€19.0M
FY22 €1.1B
FY23 −€2.1B
FY24 −€1.5B
FY25 €465M

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Cite: Fair Value Calculator (2026). "thyssenkrupp AG Fair Value". https://www.fairvalue-calculator.com/stock/TKA

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Conglomerates · 375 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.

Quality Score 56 · Above median
Fair Value upside +3% · Above median
Return on equity (TTM) 1% · Below median
Return on assets −1% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth −2% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/B 0.87× · Pricier than median
P/S (TTM) 0.27× · Cheaper than median
P/FCF 70.0× · Pricier than 75% of peers
PEG 136.03× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE38 · sector 23
FUTURE0 · sector 17
PAST2 · sector 17
HEALTH100 · sector 89
DIVIDEND20 · sector 42

Insider activity: 45/100

Values & ESG

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

None of the checked exposures detected

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Frequently asked questions

Is thyssenkrupp AG (TKA) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of €15.69 versus a price of €15.21, about +3% upside (fairly valued).
What is the fair value of TKA?
Our model-based fair value for thyssenkrupp AG is €15.69 (as of Aug 30, 2026), built from audited fundamentals. The current price: €15.21.
What is the quality score of TKA?
thyssenkrupp AG has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of thyssenkrupp AG (TKA)?
thyssenkrupp AG reported trailing-twelve-month revenue of about €32.0B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of TKA?
The net profit margin of thyssenkrupp AG is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does thyssenkrupp AG pay a dividend?
thyssenkrupp AG currently shows a dividend yield of about 0.99% relative to its recent price (as of Aug 30, 2026).
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