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Befesa S.A.

Befesa S.A.

BFSA.DE
Befesa S.A.DE flagDeutsche Börse
31.65
EUR
-0.60
- -
1.27BMarket Cap
Befesa S.A.
BFSA.DE
(Deutsche Börse)

Recent

price

31.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.13
19.12
19.41
28.77
28.96
21.14
19.02
17.74
22.04
28.4
29.52
30.98
29.57
30.34
Revenue per Share
-0.27
0.54
-2.45
-5.82
1.02
2.65
2.43
1.4
2.68
2.66
1.45
1.27
2.01
1.76
Basic EPS, GAAP
-0.66
0.27
0.13
1.11
2.63
1.86
0.66
1.11
1.08
0.77
1.07
2.83
3.39
2.72
Free Cash Flow per Basic Share
- -
- -
0.11
- -
0.12
0.86
1.32
0.73
1.26
1.25
1.25
0.73
0.64
0.73
Dividend per Share
1.35
2.16
0.58
0.53
5.75
5.42
5.2
4.17
5.65
5.43
4.23
4.05
4.79
3.76
Book Value per Share
-5.85
-5.93
-5.66
-12.79
-9.75
-2.35
-1.83
-2.8
-1.23
3.13
3.49
2.28
2.42
3.08
Tangible Book Value per Share
34
34
34
21
25
34
34
34
37
40
40
40
40
40
Basic Weighted Avg Shares
311
651
661
612
725
720
648
604
822
1,136
1,181
1,239
1,183
1,219
Sales/Revenue/Turnover
8.87
16
15.01
15.73
17.05
20.28
19.36
14.24
16.6
10.14
7.42
9.78
13.29
11.23
Operating Margin (%)
19
36
42
41
31
29
34
37
53
68
81
83
82
80
Depreciation Expense
-9
18
-35
-53
49
90
83
48
100
106
58
51
81
71
Net Income, GAAP
- -
35.9
- -
39.84
31.02
25.39
15.39
20.04
8.49
18.29
15.43
27.74
28.64
26.04
Effective Tax Rate (%)
-2.94
2.82
-5.35
-8.65
6.8
12.52
12.77
7.88
12.14
9.35
4.91
4.1
6.81
5.81
Profit Margin (%)
35
52
-28
29
20
156
139
124
118
88
85
31
83
90
Working Capital
637
640
531
553
519
520
530
531
669
677
673
685
663
661
LT Debt
241
248
259
158
180
343
360
328
632
819
877
846
818
845
Total Equity
- -
7.23
- -
7.11
11.66
13.67
11.82
7.65
11.22
6.53
4.72
5.5
7.19
6.52
Return on Invested Capital (%)
- -
7.06
- -
-4.1
11.64
14.03
12.48
8.44
13.77
13.42
9.45
8.33
11.32
11.19
Return on Capital (%)
- -
30.77
-179.55
-801.52
33.02
54.89
45.69
29.8
56.52
49.63
30.01
30.72
45.56
50.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
37
36
36
LT Borrowings
664
662
644
LT Finance Leases
20
20
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
839
1,036
1,112

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
331
358
370
Cash, Cash Equivalents & STI
103
113
96
Accounts Receivable, Net
99
110
94
Inventories
100
101
101
Total Current Liabilities
300
279
280
Payables & Accruals
- -
- -
- -
ST Debt
37
36
36
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.41%
24.55%
-3.24%
Free Cash Flow
82.52%
41.49%
19.89%
Net Income, GAAP
0.55%
23.33%
58.41%
Sales/Revenue/Turnover
7.22%
15.71%
-4.55%
Total Cash Common Dividend
- -
- -
-12.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
298
323
294
324
1,239
2025
308
293
291
- -
1,183
2026
285
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.26
0.12
- -
1.27
2025
0.47
0.54
- -
- -
2.01
2026
0.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.71
- -
0.73
2025
- -
- -
- -
- -
0.64
2026
0.03
- -
- -
- -
- -
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Business
Befesa S.A. (BFSA.DE) is a Luxembourg-based provider of sustainable environmental recycling services to the steel and aluminum industries; it specializes in the collection, treatment, and recycling of hazardous residues such as crude steel dust generated in electric arc furnace (EAF) production of crude, stainless, and galvanized steel; salt slags and spent potlinings (SPL) from secondary aluminum production; and other related industrial wastes including waelz oxide sales to zinc smelters and secondary aluminum alloy production. The company operates through two primary segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services, offering full-service solutions that encompass logistics, waste treatment, and recovery of valuable materials for reintroduction into production processes; it serves secondary producers in regulated markets with a focus on circular economy principles. Befesa maintains strategic facilities across Europe, Asia, and North America, including key sites in Germany, Spain, France, the US (such as Palmerton, Pennsylvania), China, and South Korea; founded in 1987, it is headquartered at 68-70 Boulevard de la Pétrusse in Luxembourg City. In recent developments, Befesa acquired full ownership of its French steel dust recycling joint venture Recytech S.A. from Recylex S.A. in June 2024 for €40 million, marking a key milestone in its sustainable global growth plan (SGGP) and enhancing EAF dust capacity in Europe. The company extended its debt maturity to 2029 in July 2024, supporting ongoing expansions; it nears completion of the Palmerton plant refurbishment in the US, boosting steel dust capacity from 163 kilotons to 220 kilotons by late 2025, and advances the Bernburg, Germany project to increase aluminum alloy output from 75 kilotons to 135 kilotons by mid-2026. Befesa reported resilient H1 2025 results with adjusted EBITDA up 9% to €112 million and net profit doubling to €40 million, reaffirming full-year 2025 guidance of €240-265 million amid higher EAF dust volumes; it targets net leverage below 2.5x by year-end.