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German maker of diesel and alternative-fuel engines used in construction, agricultural and industrial equipment.
German maker of diesel and alternative-fuel engines used in construction, agricultural and industrial equipment.
Sells engines to makers of construction, farm and industrial machines under supply programmes, then earns again from service, spare parts and remanufactured engines for the installed fleet. Besides diesel it has bought businesses in electric drives and in engine-driven generator sets.
In one line: A German Cummins for off-highway engines.
Moat: narrow (installed base, customer qualification, brand). Long-standing OEM engine-qualification relationships, but faces electrification threat to core diesel engine business.
Headquarters: Cologne, Germany · Founded: 1864 · Employees: 5,712
Size Deutz (DEZ.DE) is a Germany Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.74B, the 113th largest of 205 Germany companies the cockpit tracks. Shares closed at €9.25 on 6 Nov 2026.
Performance Over six months the shares fell 12.9%, against -14.4% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 10.6% over the last twelve months (peer median +10.9%); the operating margin is 5.3% (peer median 7.6%).
Valuation It trades at 11.4× forward earnings against a peer median of 11.5× (9th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.1 points below its cost of capital (10.4% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.15B | €2.04B | €1.81B | €2.06B | €1.89B |
| Revenue growth | — | +13% | -12% | +9% | — |
| Gross profit | €472M | €404M | €374M | €430M | €328M |
| EBITDA | €214M | €182M | €150M | €254M | €198M |
| Net income | €78.7M | €53.6M | €35.1M | €81.9M | €80.2M |
| Free cash flow | €100,000 | €42.2M | €21.0M | €60.1M | -€4.60M |
| Capital expenditure | €93.2M | €82.1M | €64.2M | €65.0M | €55.9M |
| Total debt | €611M | €333M | €288M | €254M | €219M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Deutz DEZ.DE | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Kubota 6326.T | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% |
| Volvo VOLV-A.ST | $65.2B | -1% | -3% | 12% | 14.7× | 5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DEZ.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.3% | -6.0% | 7th lowest of 21 |
| 6-month return | -12.9% | -14.4% | 10th highest of 21 |
| Distance from 52-week high | -30.7% | -35.3% | 8th highest of 21 |
| Revenue growth (TTM) | +10.6% | +10.9% | 11th highest of 21 |
| Operating margin | 5.3% | 7.6% | 5th lowest of 21 |
| Forward P/E | 11.4× | 11.5× | 9th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 19.8% | 3.6% | 5th most demanding of 18 |
| Growth delivered (Del g) | +9.5% | +9.2% | 8th highest of 18 |
| Hurdle (Req g minus delivered) | +10.2 pp | -5.1 pp | 4th most demanding of 18 |
| ROIC minus cost of capital | -5.1 pp | +0.6 pp | 5th lowest of 21 |
| EV / EBITDA | 9.7× | 7.4× | 4th most expensive of 10 |
| Net debt / EBITDA | 2.4× | 0.4× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Deutz DEZ.DE | Germany | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% | +9.5% |
| BEML BEML.NS | India | $1.72B | -2% | +13% | 6% | 39.1× | n/a | n/a |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| First Tractor 0038.HK | Hong Kong | $1.93B | -12% | +18% | 6% | 8.5× | -1.8% | +6.7% |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 30.6× | 14.5% | +54.0% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 10.9× | -0.3% | +10.6% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |
| NFI NFI.TO | Canada | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% | +9.3% |
| CIMC Vehicles (Group) 301039.SZ | China | $2.07B | -18% | +6% | 4% | 16.6× | -4.3% | -5.2% |