| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 27.02 | 17 |
| Intrinsic value (DCF) | 9.51 | -59 |
| Graham-Dodd Method | 31.02 | 35 |
| Graham Formula | 19.82 | -14 |
STEICO SE is a leading German manufacturer of ecological construction products made from renewable raw materials, specializing in wood fiber insulation panels, facade insulation, and other sustainable building solutions. Founded in 1986 and headquartered in Feldkirchen, Germany, STEICO serves the global construction industry with products designed for energy-efficient new builds and renovations. The company's portfolio includes wood fiber insulation materials, I-joists, laminated veneer lumber, and cellulose-based cavity wall insulation, catering to both residential and industrial applications. As a subsidiary of Schramek GmbH, STEICO emphasizes sustainability and innovation, positioning itself as a key player in the green construction materials sector. With increasing demand for eco-friendly building solutions, STEICO is well-positioned to capitalize on global trends toward energy efficiency and carbon-neutral construction. The company also provides training services for professionals and DIY builders, reinforcing its commitment to education and industry leadership.
STEICO SE presents an attractive investment opportunity due to its strong positioning in the growing market for sustainable construction materials. The company reported €383.9 million in revenue for FY 2023, with a net income of €16.9 million and diluted EPS of €1.20. Despite a high beta of 1.141, indicating volatility, STEICO's focus on eco-friendly products aligns with global sustainability trends, offering long-term growth potential. However, investors should note the company's significant capital expenditures (-€84.4 million) and total debt (€191.9 million), which may impact short-term liquidity. The absence of dividends suggests reinvestment in growth, appealing to growth-oriented investors. Given the increasing regulatory push for green building standards, STEICO's specialized product line could drive future revenue expansion.
STEICO SE competes in the sustainable construction materials market, differentiating itself through its focus on wood fiber-based insulation and structural products. The company's competitive advantage lies in its specialization in renewable raw materials, which appeals to environmentally conscious builders and architects. Unlike traditional insulation manufacturers that rely on synthetic materials, STEICO offers biodegradable and energy-efficient alternatives, positioning it as a leader in green construction. However, the company faces competition from larger players with broader product portfolios and greater economies of scale. STEICO's niche focus on wood fiber insulation limits its market reach compared to diversified competitors but enhances its brand reputation among sustainability-focused customers. The company's vertical integration—from raw material sourcing to finished products—provides cost control and supply chain stability. Nevertheless, STEICO must continuously innovate to maintain its edge as competitors develop their own eco-friendly alternatives. Its training services also add value by fostering customer loyalty and industry expertise.