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German automotive and industrial supplier making bearings, rolling elements and e-mobility drive components.
German automotive and industrial supplier making bearings, rolling elements and e-mobility drive components.
Sells bearings and drive parts to carmakers under contracts for each vehicle model, plus replacement parts through an aftermarket arm and bearings to industrial customers. The 2024 merger with Vitesco, a powertrain-electronics business spun out of Continental, added electric-drive and engine electronics. The Schaeffler family holds a controlling stake.
Moat: narrow (process know-how, installed base, IP / patents). Precision bearing manufacturing know-how designed into vehicle and industrial platforms for years.
Headquarters: Herzogenaurach, Germany · Founded: 1946 · Employees: 110,753
Size Schaeffler (SHA0.DE) is a Germany Consumer Discretionary company (Auto Parts: OEM) with a market value of $5.83B, the 66th largest of 205 Germany companies the cockpit tracks. Shares closed at €5.50 on 6 Nov 2026.
Performance Over six months the shares fell 44.7%, against -10.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +7.3%); the operating margin is 2.3% (peer median 6.5%).
Valuation It trades at 18.4× forward earnings against a peer median of 18.9× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points below its cost of capital (6.6% WACC).
Credit Schaeffler has 9 bonds outstanding ($6.40B), rated BB+ by the agencies and trading like BB at a weighted spread of 169 bp.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €23.3B | €23.5B | €18.2B | €16.3B | €15.8B |
| Revenue growth | — | +29% | +11% | +3% | — |
| Gross profit | €4.25B | €4.54B | €4.42B | €3.55B | €3.83B |
| EBITDA | €2.19B | €2.22B | €2.44B | €2.10B | €2.05B |
| Net income | -€169M | -€424M | -€632M | €309M | €558M |
| Free cash flow | €296M | €408M | €495M | €487M | €413M |
| Capital expenditure | €900M | €974M | €957M | €938M | €791M |
| Total debt | €8.06B | €7.75B | €6.61B | €4.20B | €3.52B |
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 |
|---|---|---|---|---|---|---|
| Schaeffler SHA0.DE | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% |
| SKF SKF-A.ST | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% |
| NSK 6471.T | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
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 | SHA0.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | +5.4% | 5th lowest of 21 |
| 6-month return | -44.7% | -10.9% | 4th lowest of 21 |
| Distance from 52-week high | -54.1% | -24.4% | 4th lowest of 21 |
| Revenue growth (TTM) | -1.4% | +7.3% | 4th lowest of 21 |
| Operating margin | 2.3% | 6.5% | 3rd lowest of 21 |
| Forward P/E | 18.4× | 18.9× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.7% | 2.6% | 5th most demanding of 14 |
| Growth delivered (Del g) | +13.3% | +7.4% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -2.6 pp | -5.2 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | -2.4 pp | +1.4 pp | 5th lowest of 21 |
| EV / EBITDA | 5.1× | 10.6× | 2nd cheapest of 10 |
| Net debt / EBITDA | 2.6× | 1.2× | most indebted of 10 |
| Bond spread | 169 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
| Kuang-Chi Technologies 002625.SZ | China | $6.05B | -52% | -7% | 20% | 21.6× | n/a | n/a |
| Wanxiang Qianchao 000559.SZ | China | $6.24B | -22% | -4% | 8% | 36.7× | 21.2% | +4.2% |
| Zhejiang Sling Intelligent Drive 301550.SZ | China | $6.34B | +14% | +7% | 19% | 230.9× | n/a | n/a |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Anhui Jianghuai Automobile 600418.SS | China | $6.48B | -60% | +23% | -2% | 44.4× | n/a | n/a |
| Jiangsu Xinquan Automotive Trim 603179.SS | China | $5.07B | +5% | +12% | 6% | 33.5× | n/a | n/a |
| Suzhou Inovance Automotive 301656.SZ | China | $4.95B | -31% | +28% | 1% | 676.0× | n/a | n/a |
| Huizhou Desay SV Automotive 002920.SZ | China | $7.12B | -23% | +12% | 7% | 17.5× | n/a | n/a |
| Ningbo Joyson Electronic 0699.HK | Hong Kong | $4.54B | -39% | -1% | 5% | 9.7× | -1.7% | +4.3% |
| Huayu Automotive Systems 600741.SS | China | $7.87B | -11% | +1% | 3% | 7.9× | -15.5% | +6.6% |
| Koito Manufacturing 7276.T | Japan | $4.27B | -6% | +6% | 6% | 13.3× | -0.8% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |
| Gentex GNTX | United States | $4.19B | -15% | +8% | 19% | 9.9× | -4.7% | +8.5% |
| Atmus Filtration Technologies ATMU | United States | $4.13B | -9% | +13% | 17% | 16.2× | 8.1% | +7.4% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| Fulin Precision 300432.SZ | China | $3.84B | -47% | +95% | 5% | 20.2× | n/a | n/a |
| Inter Cars CAR.WA | Poland | $3.83B | +38% | +12% | 6% | 13.9× | 9.5% | +18.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
Schaeffler has 9 bonds outstanding with $6.40B face value. The agencies rate it BB+; its bonds trade like BB. Weighted yield 4.68%, a spread of 169 bp over government bonds.