thyssenkrupp: Traditional Industry in the Shadow of the Green Transition
One of Germany’s long-established industrial conglomerates has been navigating the “stormy waters” of the green transition for years. The Essen-based company is trying to strike a balance between traditional heavy industry and sustainable decarbonization. While global competitive pressures weigh on the European steel sector, the shift toward green steel also offers long-term potential for investors. It is precisely this steel division that is currently sparking particular interest, as Indian entrepreneur Naveen Jindal has submitted a non-binding offer for a 60% stake in Steel Europe; a due diligence review is underway through the end of the year, and a potential closing could be conceivable as early as January 2027. A Capital Markets Day scheduled for September is expected to provide additional clarity, during which the group plans to present its strategy for the steel division’s independence.
Operations are divided into several core segments, which, in addition to materials trading, primarily include Steel Europe and the marine division. In the past fiscal year, the group generated revenue of approximately EUR 37.5 billion, though the adjusted EBIT margin of a meagre 1.8% reflects the ongoing structural challenges. High energy costs and fluctuating demand from the automotive industry are particularly weighing on operating profitability. However, there is a ray of hope in the TKMS marine division, which has significantly raised its revenue forecast for the current fiscal year from the previous range of 2-5% to 10-12%, driven by a sharp increase in demand in the defense sector. A billion-dollar deal for six submarines for the Indian Navy, worth approximately USD 7.3 billion, is also nearing final approval.
Positive signals are also mounting in the Group’s financial results. For the first nine months, thyssenkrupp reported adjusted EBIT of EUR 591 million, up EUR 226 million from the previous year, and maintained a net cash position of EUR 2.6 billion. The full-year forecast for adjusted EBIT has been raised to between EUR 600 and 900 million. With the spin-off of its materials trading division as “tk accelis”—recently approved at the annual shareholders’ meeting—the group is also implementing another key component of its restructuring.
For long-term investors, the stock still offers upside potential, but the risk of loss remains ever-present given cyclical headwinds.
Live Nation Entertainment: The Hunger for Emotional Experiences as a Reliable Driver of Returns
In an increasingly digitized world, the longing for real, shared experiences is growing noticeably. In Germany, there is CTS Eventim; in the US, there is Live Nation Entertainment. The latter capitalizes on this unquenchable global hunger for concerts, shows, and events. The live entertainment market is setting historic records for ticket sales, providing the company with a tailwind.
Its business model is based on organizing major events, global ticket sales, and lucrative sponsorship deals. Most recently, the group generated annual revenue of approximately USD 22.7 billion, representing double-digit growth over the previous year. Adjusted EBIT rose in parallel to around USD 1.1 billion, demonstrating that the events business is scalable. Higher ticket prices and consistent venue occupancy rates secure the earnings base.
Although the stock’s valuation, as measured by the P/E ratio, is no longer as attractive, Live Group remains the market leader and therefore holds a unique position in ticketing. Investors are willing to pay a premium for that. The company is not currently paying a dividend, as free cash flow is being invested directly in global expansion. Given its dominant market position and sustained demand for live events, the stock is an attractive growth pick for dynamic portfolios. The chart illustrates this: the stock climbs from one high to the next, as if pulled by a string.
From ticketing, we now head to Nevada, where a gold explorer is attracting attention both through its latest news and its chart setup.
Lahontan Gold: Technical Breakout on the Horizon
Lahontan Gold’s stock is showing clear signs of renewed momentum on the stock market. Most recently, the price successfully broke out upward from a higher-degree wedge formation and has established an intact uptrend. The stock is currently trading at around CAD 0.41, placing it right in the middle of a key resistance zone. This Canadian surface mining exploration company is focused on the Santa Fe project in the Walker Lane Trend in Nevada. The recently presented Preliminary Economic Assessment (PEA) underscores the project’s potential: assuming a gold price of USD 2,025 per ounce, the project yields a net present value (NPV at a 5% discount rate) of USD 56.5 million and an internal rate of return (IRR) of 14.0%. With an indicated resource of 1.5 million ounces of gold equivalent and moderate initial capital costs of USD 135.1 million, the project is well-positioned. The planned heap leaching process, with a daily throughput of 12,500 metric tons, also promises cost-effective operations.
It is worth noting that the PEA calculations are still based on a gold price of USD 2,025 per ounce. Currently, however, gold is trading at around USD 4,620—more than double that price. If the economic analysis were recalculated using today’s prices, the NPV and IRR of the Santa Fe project would likely improve significantly. The current figures thus reflect a highly conservative base-case scenario rather than the actual earnings potential in the current gold price environment.
From a technical analysis perspective, things are now becoming extremely exciting for speculative investors, because if the stock manages to break sustainably above CAD 0.43, the current resistance zone would likely be breached, clearing the path toward CAD 0.50-0.55. Based on the first historical technical wave movement from CAD 0.12 to CAD 0.50, a calculated price target of CAD 0.75 can even be derived for the medium term. At present, Lahontan Gold’s stock appears well positioned to maintain its upward momentum if the gold price continues to rise.
thyssenkrupp remains a classic turnaround candidate that could reward patient investors if the restructuring is successful. Live Nation Entertainment stands out as a high-growth industry leader and is benefiting from the ongoing boom in live events. Lahontan Gold presents itself as a promising commodity stock whose project metrics in Nevada are supported by a fresh technical buy signal.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.