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German maker of axles, suspensions and fifth-wheel couplings for commercial trucks and trailers worldwide.
German maker of axles, suspensions and fifth-wheel couplings for commercial trucks and trailers worldwide.
Sells axles and suspensions as part of new trailers and trucks, so manufacturers' volumes drive most of the year, and sells spare and replacement parts through its own distribution network to fleets, which keeps earnings steadier in downturns. North America and Europe are the big markets.
In one line: A German Dana Incorporated for truck/trailer components.
Moat: narrow (installed base, switching costs, scale). Long OEM qualification and global trailer-component scale, but exposed to cyclical truck production volumes.
Headquarters: Bessenbach, Germany · Founded: 1892 · Employees: 5,527
Size Saf-holland (SFQ.DE) is a Germany Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.11B, the 137th largest of 205 Germany companies the cockpit tracks. Shares closed at €21.85 on 6 Nov 2026.
Performance Over six months the shares gained 9.2%, against -12.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +9.8%); the operating margin is 8.2% (peer median 6.3%).
Valuation It trades at 13.2× forward earnings against a peer median of 11.3× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (8.4% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.75B | €1.73B | €1.88B | €2.11B | €1.57B |
| Revenue growth | — | -8% | -11% | +35% | — |
| Gross profit | €386M | €359M | €384M | €386M | €245M |
| EBITDA | €229M | €228M | €252M | €249M | €157M |
| Net income | €69.0M | €50.9M | €77.3M | €79.9M | €61.1M |
| Free cash flow | €153M | €97.8M | €121M | €115M | €113M |
| Capital expenditure | €51.1M | €52.0M | €57.4M | €61.7M | €36.3M |
| Total debt | €800M | €792M | €769M | €702M | €748M |
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 |
|---|---|---|---|---|---|---|
| Saf-holland SFQ.DE | $1.11B | +9% | 0% | 8% | 13.2× | 0.9% |
| Dana DAN | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| JOST Werke JST.DE | $1.11B | +5% | +32% | 7% | 10.8× | 3.0% |
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 | SFQ.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | -2.5% | 4th highest of 21 |
| 6-month return | +9.2% | -12.8% | 6th highest of 20 |
| Distance from 52-week high | -5.0% | -39.0% | highest of 21 |
| Revenue growth (TTM) | -0.4% | +9.8% | 5th lowest of 21 |
| Operating margin | 8.2% | 6.3% | 6th highest of 21 |
| Forward P/E | 13.2× | 11.3× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 0.9% | -0.4% | 7th most demanding of 14 |
| Growth delivered (Del g) | +12.6% | +11.2% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | -11.6 pp | -11.1 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +1.7 pp | -0.5 pp | 8th highest of 20 |
| EV / EBITDA | 6.5× | 6.4× | 6th cheapest of 11 |
| Net debt / EBITDA | 2.1× | 1.4× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 13.2× | 0.9% | +12.6% |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 10.8× | 3.0% | +14.1% |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 33.5× | 20.8% | +10.0% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 9.6× | -19.9% | +11.2% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 17.4× | n/a | n/a |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 11.3× | -6.9% | +6.0% |
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 17.0× | 15.7% | +2.4% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 9.6× | -0.4% | +8.0% |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 5.5× | n/a | n/a |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% | +16.0% |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | n/a | 9.3% | +9.0% |
| Zotye Automobile 000980.SZ | China | $1.05B | -35% | -33% | -93% | n/a | 37.5% | -17.1% |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |
| Zhejiang Asia-Pacific Mechanical & Electronic 002284.SZ | China | $1.05B | -29% | +10% | 9% | 10.7× | -1.8% | +13.9% |
| Bohai Automotive Systems 600960.SS | China | $1.04B | -13% | -26% | -2% | 16.5× | n/a | n/a |
| Topre 5975.T | Japan | $1.04B | +32% | +5% | 8% | 7.6× | -1.2% | +12.0% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |