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voestalpine AG
XETRA:VAS

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voestalpine AG
XETRA:VAS
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Price: 43.08 EUR -0.51% Market Closed
Market Cap: €7.4B

EV/EBITDA

7.9
Current
36%
More Expensive
vs 3-y average of 5.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.9
=
Enterprise Value
€9.5B
/
EBITDA
€1.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.9
=
Enterprise Value
€9.5B
/
EBITDA
€1.1B

Valuation Scenarios

voestalpine AG is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (5.8), the stock would be worth €31.65 (27% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-37%
Maximum Upside
+145%
Average Upside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7.9 €43.08
0%
3-Year Average 5.8 €31.65
-27%
5-Year Average 5 €27.28
-37%
Industry Average 19.4 €105.53
+145%
Country Average 7 €38.24
-11%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€9.5B
/
Jan 2026
€1.1B
=
7.9
Current
€9.5B
/
Mar 2026
€1.5B
=
6.5
Forward
€9.5B
/
Mar 2027
€1.8B
=
5.3
Forward
€9.5B
/
Mar 2028
€1.9B
=
4.9
Forward
€9.5B
/
Mar 2029
€1.8B
=
5.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
AT
voestalpine AG
XETRA:VAS
7.4B EUR 7.9 32.8
ZA
Kumba Iron Ore Ltd
JSE:KIO
102.7B ZAR 3.5 7
BR
Vale SA
BOVESPA:VALE3
372.3B BRL 5.2 26.8
US
Nucor Corp
NYSE:NUE
49B USD 12.8 28
AU
Fortescue Metals Group Ltd
ASX:FMG
65.3B AUD 8 11.8
AU
Fortescue Ltd
XMUN:FVJ
39.8B EUR 8.2 12.3
LU
ArcelorMittal SA
AEX:MT
39.4B EUR 9.3 14.4
US
Steel Dynamics Inc
NASDAQ:STLD
33.2B USD 17.8 27.6
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 13.8 40.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 10.6 28.7
KR
Posco Holdings Inc
KRX:005490
31.6T KRW 6.9 48.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AT
v
voestalpine AG
XETRA:VAS
Average EV/EBITDA: 9.5
7.9
10%
0.8
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
3.5
5%
0.7
BR
Vale SA
BOVESPA:VALE3
5.2
6%
0.9
US
Nucor Corp
NYSE:NUE
12.8
14%
0.9
AU
Fortescue Metals Group Ltd
ASX:FMG
8
13%
0.6
AU
F
Fortescue Ltd
XMUN:FVJ
8.2
13%
0.6
LU
ArcelorMittal SA
AEX:MT
9.3
24%
0.4
US
Steel Dynamics Inc
NASDAQ:STLD
17.8
22%
0.8
IN
JSW Steel Ltd
NSE:JSWSTEEL
13.8
23%
0.6
IN
Tata Steel Ltd
NSE:TATASTEEL
10.6
29%
0.4
KR
Posco Holdings Inc
KRX:005490
6.9
17%
0.4

Market Distribution

In line with most companies in Austria
Percentile
57th
Based on 354 companies
57th percentile
7.4
Low
0.1 — 5
Typical Range
5 — 8.3
High
8.3 —
Distribution Statistics
Austria
Min 0.1
30th Percentile 5
Median 7
70th Percentile 8.3
Max 6 998.6

voestalpine AG
Glance View

voestalpine AG, an Austrian industrial giant with roots tracing back to the mid-20th century, has carved out a pivotal role in the global steel industry. Emerging from the post-war steel boom, the company has continuously evolved to adapt to the changing industrial landscape. At the heart of voestalpine's operations is its innovative approach to steel production, where the firm blends cutting-edge technology with traditional metallurgical expertise. This positions voestalpine as a key player not just in producing steel, but in manufacturing specialty steel goods, such as high performance alloys and advanced automotive components. The company's ability to integrate resource efficiency and sustainability into its operations has further solidified its standing in markets around the world. voestalpine's business model relies heavily on its expertise in transformation technologies, making it a preferred partner in sectors ranging from automotive to railway systems. By focusing on high-value products and solutions, voestalpine has moved beyond the limitations of conventional steelmakers. Its custom-engineered products meet specific client needs and extend across various industries—contributing to high-speed trains, lightweight vehicle structures, and complex infrastructure projects. This strategic diversification allows voestalpine to capture significant margins and maintain resilience against market volatilities. Furthermore, its commitment to research and development fuels continuous innovation, ensuring the company's offerings remain relevant and in demand across global markets. Through this combination of traditional expertise and modern innovation, voestalpine AG sustains its profitable operations and robust market presence.

VAS Intrinsic Value
65.54 EUR
Undervaluation 34%
Intrinsic Value
Price €43.08
V
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