Befesa stock gained 1.43 percent on October 6 as S&P upgraded its rating
Published on 10/07/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Befesa stock (ISIN LU1704650164) gained 1.43 percent on Xetra on October 6, 2026, reaching EUR 35.450 at 5:35 p.m. CEST. The move followed a credit upgrade announced by FT on September 29, 2026.
Credit rating reaches BB+
S&P Global Ratings raised Befesa's long-term issuer rating from BB to BB+ with a stable outlook on September 29, 2026. The same upgrade applied to the company's EUR 650 million term loan and EUR 100 million revolving credit facility, according to FT.
The rating action links Befesa's improving balance sheet to earnings growth, disciplined capital allocation and cash generation. S&P's published analysis also identifies higher European electric arc furnace volumes and the ramp-up of Befesa's Bernburg aluminum plant as operating supports, while weaker steel demand and zinc prices remain downside factors, according to S&P Global Ratings.
EBITDA forecast rises from 2025
S&P projects adjusted EBITDA of EUR 265 million for fiscal year 2026, compared with EUR 237 million in 2025. That is an increase of 11.81 percent, showing why deleveraging is central to the credit decision and to the stock's valuation discussion.
The agency also forecasts free operating cash flow of EUR 97 million in 2026 and at least EUR 100 million from 2027. Its base case assumes adjusted EBITDA of at least EUR 260 million in 2026, with the rating outlook remaining stable.
Consensus target stays above price
The analyst picture is favorable but not uniform. Investing.com lists a Strong Buy consensus from 10 analysts, including 8 Buy ratings and 2 Hold ratings, with an average 12-month target of EUR 41.90 and a range of EUR 36 to EUR 47.
Against the October 6 price of EUR 35.450, the average target lies 18.19 percent above the price. For investors, the key question is whether higher recycling volumes and lower capital spending can convert the projected EBITDA growth into sustained cash flow.
Befesa stock gains on October 6
Befesa stock was last at EUR 35.450 on Xetra on October 6, 2026 at 5:35 p.m. CEST, up 1.43 percent on the session.
Befesa stock facts
- Company: Befesa S.A.
- ISIN: LU1704650164
- WKN: A2H5Z1
- Ticker: BFSA
- Trading venue: Xetra
- Price (as of October 6, 2026, 5:35 p.m. CEST): EUR 35.450
- Index membership: SDAX
- Sector / Industry: Environmental services
Upcoming dates for Befesa stock
- October 29, 2026: Q3 2026 quarterly statement and conference call
