The Discounted Cash Flow (DCF) valuation of SGL Carbon SE (SGL.DE) is 0.84 EUR. With the latest stock price at 3.63 EUR, the upside of SGL Carbon SE based on DCF is -76.8%.

Is SGL.DE a buy or a sell?

Based on the latest price of 3.63 EUR and our DCF valuation, SGL Carbon SE (SGL.DE) is a sell. Selling SGL.DE stocks now will result in a potential gain of 76.8%.

	Range	Selected
WACC / Discount Rate	6.7% - 8.4%	7.5%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	0.28 - 2.35	0.84
Upside	-92.3% - -35.4%	-76.8%

3.63 EUR

Stock Price

0.84 EUR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

SGL.DE DCF Valuation: Revenue & Expenses Forecast

(EUR in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	1,026	1,036	1,104	1,126	1,192	1,216
% Growth	6%	1%	7%	2%	6%	2%

Cost of goods sold	(798)	(789)	(824)	(824)	(854)	(854)
% of Revenue	78%	76%	75%	73%	72%	70%

Selling, G&A expenses	(126)	(127)	(136)	(138)	(146)	(149)
% of Revenue	12%	12%	12%	12%	12%	12%

Research & Development	(26)	(26)	(28)	(28)	(30)	(30)
% of Revenue	3%	3%	3%	3%	3%	3%

Net interest & other expenses	(124)	(125)	(134)	(136)	(144)	(147)
% of Revenue	12%	12%	12%	12%	12%	12%

Tax expense	(32)	10	5	0	(6)	(12)
Tax rate	69%	33%	33%	33%	33%	33%

Net profit	(79)	(21)	(11)	(0)	12	24
% Margin	-8%	-2%	-1%	0%	1%	2%