DZ Bank has raised the fair value for Thyssenkrupp shares from 10 to 11 euros and left the rating at "hold". Thyssenkrupp opened the fiscal year 2025/26 with a mixed picture in the first quarter, Dirk Schlamp wrote on Friday. Adjusted operating earnings (EBIT) were slightly above consensus. Operationally, this showed a stabilization at a level that remains subdued due to the economic situation.
I am selling you due to:
In the first quarter, ThyssenKrupp increased adjusted EBIT by 10 percent to 211 million euros. This shows an operational stabilization. However, the weak point of the figures is the free cash flow before M&A. This fell from -21 million euros to -1.5 billion euros.
The coming quarters must therefore be much better. ThyssenKrupp expects a free cash flow of -300 million euros to -600 million euros for the year as a whole. Adjusted EBIT is expected to be between 500 million euros and 900 million euros.
My trend is out of the low performers with canceled dividends.
Into boring ETFs
