Loading…
German maker of railway infrastructure products like rail fastening systems and track switches, plus rail vehicle maintenance services.
German maker of railway infrastructure products like rail fastening systems and track switches, plus rail vehicle maintenance services.
Sells track components and systems to rail infrastructure managers, mostly through tenders and multi-year supply agreements, so earnings follow track-building and renewal programmes. After selling its locomotive and rolling-stock units, it concentrates on the rail track business, with most work in Europe.
In one line: A German niche rail-infrastructure supplier, no direct large-cap US analogue.
Moat: narrow (customer qualification, installed base, process know-how). Long-standing rail-infrastructure qualification and installed base with national railways, but project/tender-based competitive market.
Headquarters: Werdohl, Germany · Founded: 1888 · Employees: 4,856
Size Vossloh Aktiengesellschaft (VOS.DE) is a Germany Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.08B, the 140th largest of 205 Germany companies the cockpit tracks. Shares closed at €50.00 on 6 Nov 2026.
Performance Over six months the shares fell 30.9%, against -19.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +9.8%); the operating margin is 4.7% (peer median 9.3%).
Valuation It trades at 21.7× forward earnings against a peer median of 14.8× (3rd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +9%, 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 3.2 points below its cost of capital (6.2% WACC).
Credit Vossloh Aktiengesellschaft has 1 bond outstanding ($278M).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.52B | €1.34B | €1.21B | €1.21B | €1.05B |
| Revenue growth | — | +11% | 0% | +16% | — |
| Gross profit | €395M | €346M | €319M | €302M | €227M |
| EBITDA | €168M | €162M | €139M | €147M | €116M |
| Net income | €28.6M | €62.7M | €63.2M | €38.7M | €41.7M |
| Free cash flow | n/a | €74.8M | €67.2M | €57.4M | €17.6M |
| Capital expenditure | n/a | €73.9M | €55.7M | €67.4M | €44.9M |
| Total debt | €1.05B | €840M | €349M | €461M | €459M |
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 |
|---|---|---|---|---|---|---|
| Vossloh Aktiengesellschaft VOS.DE | $1.08B | -31% | +21% | 5% | 21.7× | 12.9% |
| Wabtec WAB | $47.6B | +7% | +13% | 18% | 23.8× | 17.0% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
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 | VOS.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | -5.4% | 7th highest of 21 |
| 6-month return | -30.9% | -19.8% | 5th lowest of 21 |
| Distance from 52-week high | -42.2% | -35.0% | 8th lowest of 21 |
| Revenue growth (TTM) | +20.9% | +9.8% | 7th highest of 21 |
| Operating margin | 4.7% | 9.3% | 8th lowest of 21 |
| Forward P/E | 21.7× | 14.8× | 3rd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 12.9% | 7.2% | 5th most demanding of 13 |
| Growth delivered (Del g) | +9.1% | +7.2% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +3.8 pp | -3.7 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -3.2 pp | -2.8 pp | 11th highest of 21 |
| EV / EBITDA | 11.6× | 11.6× | 6th cheapest of 11 |
| Net debt / EBITDA | 5.5× | 0.7× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vossloh Aktiengesellschaft VOS.DE | Germany | $1.08B | -31% | +21% | 5% | 21.7× | 12.9% | +9.1% |
| Lindsay LNN | United States | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% | +2.3% |
| Willing New Energy 002667.SZ | China | $1.08B | -20% | +49% | -44% | n/a | n/a | n/a |
| Taiyuan Heavy Industry 600169.SS | China | $1.10B | -8% | +10% | 6% | n/a | -3.8% | +3.7% |
| Yamabiko 6250.T | Japan | $1.11B | +8% | +10% | 13% | 9.9× | -2.2% | +5.7% |
| Newag NWG.WA | Poland | $1.04B | -16% | +45% | 21% | 11.9× | -4.3% | +12.6% |
| TADANO 6395.T | Japan | $1.02B | -8% | +21% | 9% | 10.8× | n/a | n/a |
| OMH SCIENCE 300486.SZ | China | $1.17B | -30% | +35% | 2% | n/a | 47.7% | -0.3% |
| Chengdu Leejun Industrial 002651.SZ | China | $1.17B | -20% | +7% | -6% | n/a | 15.0% | -2.3% |
| Chengdu Yunda Technology 300440.SZ | China | $1.17B | -1% | +9% | 6% | n/a | 42.0% | +8.7% |
| Sunward Intelligent Equipment 002097.SZ | China | $985M | -38% | +10% | 1% | n/a | n/a | n/a |
| Xinjiang Machinery Research Institute 300159.SZ | China | $1.21B | -28% | +28% | -40% | n/a | n/a | n/a |
| Titagarh Rail Systems TITAGARH.NS | India | $967M | -20% | -10% | 10% | 34.8× | 45.4% | +15.9% |
| Asian Star Anchor Chain 601890.SS | China | $1.22B | -23% | +2% | 13% | 19.6× | 10.7% | +13.5% |
| DAEHAN SHIPBUILDING 439260.KS | South Korea | $955M | -62% | +14% | 26% | 4.4× | n/a | n/a |
| Austal ASB.AX | Australia | $1.23B | 0% | +11% | -7% | 18.1× | n/a | n/a |
| KTK 603680.SS | China | $1.28B | -24% | -16% | 17% | n/a | -6.0% | +2.3% |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 13.0× | n/a | n/a |
| Jupiter Wagons JWL.NS | India | $896M | -35% | -12% | 10% | 32.8× | n/a | n/a |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 16.6× | 8.5% | +12.9% |
| HD-Hyundai Marine Engine 071970.KS | South Korea | $887M | -66% | +54% | 26% | 8.7× | -9.8% | +10.2% |
Vossloh Aktiengesellschaft has 1 bond outstanding with $278M face value.