K+S AG (SDF.DE) stock analysis

In our weekly check, K+S AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 8, red flags: 5.

About K+S AG

K+S AG is a Basic Materials company (Agricultural Inputs) based in Germany, listed on XETRA as SDF.DE.

What our checks show for SDF.DE

Red flags

• The net margin fell by 40 points over 5 years, to 27.6%: the company keeps less of each sale as profit.
• The gross margin fell by 38.2 points, to 39%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 22.2 points from today's 27.6%.
• Revenue fell 12.1% a year over the last 3 years.
• The stock has fallen as much as 94% from a peak. Would you have held through that?

Warning signs

• Operating cash flow is only 0.6x net profit: part of the reported profit does not arrive as cash.
• Analysts expect earnings per share to shrink about 48.8% a year.
• Analysts expect only about 1.5% a year of growth in revenue.
• Earnings per share fell 9% a year over the last 3 years.
• Net profit fell 11% a year over the last 3 years.
• Free cash flow is only 2.9% of revenue.
• The price swings a lot: 36% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.

Strengths

• Net debt is only 0.2x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 28.8 times over.
• The company keeps 27.6% of its revenue as net profit.
• The dividend takes 1% of profit: there is a cushion.
• The price is 2.3 times earnings (P/E), reasonable for its growth.
• Beta 0.24: the stock usually moves less than the market.

Similar companies

SMG · ICL · MOS · CTVA · FMC

Questions

What grade does K+S AG (SDF.DE) have?

In our weekly check, K+S AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 8, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SDF.DE stock?

This week's biggest flags for K+S AG: Margins falling, Gross margin falling, Margins expected to shrink. In total 13 of 25 checks show a warning or a red flag.

What does K+S AG do?

K+S AG is a Basic Materials company (Agricultural Inputs) based in Germany, listed on XETRA as SDF.DE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

Open the full analysis