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Employees: 3,635
Size SGL Carbon (SGL.DE) is a Germany Materials company (Industrial Specialties) with a market value of $668M, the 164th largest of 205 Germany companies the cockpit tracks. Shares closed at €4.87 on 6 Nov 2026.
Performance Over six months the shares gained 1.8%, against -8.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 16.0% over the last twelve months (peer median +3.0%); the operating margin is 8.0% (peer median 4.6%).
Valuation It trades at 18.9× forward earnings against a peer median of 28.5× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +4 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 0.1 points below its cost of capital (8.0% WACC).
Credit SGL Carbon has 2 bonds outstanding ($246M).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €791M | €850M | €1.03B | €1.09B | €1.14B |
| Revenue growth | — | -17% | -6% | -4% | — |
| Gross profit | €184M | €198M | €229M | €236M | €254M |
| EBITDA | €114M | €122M | €125M | €130M | €142M |
| Net income | -€36.0M | -€79.2M | -€80.3M | €41.0M | €127M |
| Free cash flow | €45.9M | €20.4M | €35.2M | €63.4M | €38.6M |
| Capital expenditure | €45.1M | €52.2M | €79.8M | €87.1M | €52.9M |
| Total debt | €231M | €256M | €256M | €309M | €397M |
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.
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 | SGL.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.0% | -6.8% | 10th lowest of 21 |
| 6-month return | +1.8% | -8.9% | 7th highest of 21 |
| Distance from 52-week high | -15.7% | -29.6% | 4th highest of 21 |
| Revenue growth (TTM) | -16.0% | +3.0% | 4th lowest of 21 |
| Operating margin | 8.0% | 4.6% | 9th highest of 21 |
| Forward P/E | 18.9× | 28.5× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 2.3% | 9.4% | 6th least demanding of 13 |
| Growth delivered (Del g) | -1.6% | +10.8% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | +3.9 pp | -4.0 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -0.1 pp | -3.3 pp | 5th highest of 21 |
| EV / EBITDA | 5.9× | 11.8× | 5th cheapest of 14 |
| Net debt / EBITDA | 0.6× | 1.4× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SGL Carbon SGL.DE | Germany | $668M | +2% | -16% | 8% | 18.9× | 2.3% | -1.6% |
| Guangdong Silver Age Sci & Tech 300221.SZ | China | $667M | -16% | +7% | 7% | 26.3× | 27.7% | +6.0% |
| Pizu 9893.HK | Hong Kong | $677M | -8% | -8% | 22% | n/a | n/a | n/a |
| Keshun Waterproof Technologies 300737.SZ | China | $656M | -41% | -12% | -8% | 34.2× | -15.7% | -0.6% |
| Central Glass 4044.T | Japan | $648M | 0% | +4% | 8% | 10.6× | -6.5% | -5.4% |
| Mativ MATV | United States | $646M | +27% | +1% | 4% | 11.0× | 6.2% | +13.0% |
| Rain Industries RAIN.NS | India | $645M | +35% | +17% | 10% | 12.4× | n/a | n/a |
| Konishi 4956.T | Japan | $643M | +9% | +7% | 9% | 12.3× | -10.1% | +4.9% |
| Shanghai Yaohua Pilkington Glass 600819.SS | China | $643M | -24% | 0% | 2% | 30.7× | n/a | n/a |
| Hubei Sanxia New Building Materials 600293.SS | China | $640M | +15% | -34% | -21% | n/a | n/a | n/a |
| Fineotex Chemical FCL.NS | India | $635M | +86% | +91% | 15% | 34.4× | n/a | n/a |
| New East New Materials 603110.SS | China | $633M | -5% | -5% | 2% | n/a | n/a | n/a |
| KeePer Technical Laboratory 6036.T | Japan | $631M | +24% | +12% | 27% | 15.6× | -2.6% | +17.1% |
| Shanghai Smith Adhesive New Material 603683.SS | China | $706M | -43% | +19% | 4% | n/a | 33.2% | +16.0% |
| Shenzhen Cotran Industrial Material 300731.SZ | China | $707M | -47% | -1% | -1% | 127.7× | n/a | n/a |
| Borosil Renewables BORORENEW.NS | India | $628M | -29% | +11% | 26% | n/a | 12.7% | +25.4% |
| Tianjin Jiuri New Materials 688199.SS | China | $628M | -3% | +15% | 3% | 64.5× | n/a | n/a |
| Shandong Ruifeng Chemical 300243.SZ | China | $715M | -19% | +2% | 5% | 31.6× | 35.4% | +8.6% |
| Wuxi Holyview Microelectronics 603375.SS | China | $618M | -10% | -17% | -9% | n/a | 53.9% | +17.3% |
| Shanghai Xinpeng Industry 002328.SZ | China | $723M | -39% | -23% | 2% | n/a | 14.7% | -2.0% |
| Kama KAMAHOLD.NS | India | $725M | -19% | +13% | 19% | n/a | -17.3% | +13.5% |
SGL Carbon has 2 bonds outstanding with $246M face value.