mwb research keeps EUR 93.00 target for KWS Saat stock

Published on 10/02/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target is EUR 93.00 after mwb research's September 30, 2026 note. KWS Saat stock costs EUR 69.35 versus EUR 68.85, plus 0.73 percent.

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KWS Saat (ISIN DE0007074007) was trading at EUR 69.35 at Lang & Schwarz on October 2, 2026 at 12:39 p.m. CEST, up 0.73 percent from the EUR 68.85 prior close. The latest analyst view keeps the valuation debate alive: ResearchHub reports that mwb research maintained a EUR 93.00 price target and a Buy rating on September 30, 2026.

Target stays above the market price

The EUR 93.00 target lies 34.10 percent above the Lang & Schwarz price. That gap is the clearest market measure of how the analyst view differs from the immediate quotation, while the stock remains 13.96 percent below its EUR 80.60 52-week high as of October 2, 2026.

The counterweight is the operating backdrop. Baader Bank kept an Add rating and an EUR 85.00 target after the results, while describing the fiscal 2025/2026 performance as weaker than expected and the 2026/2027 outlook as below consensus, according to FinanzNachrichten on September 23, 2026.

Revenue fell while margin improved

According to KWS in its September 23, 2026 investor release, revenue from continuing operations fell 3.00 percent to EUR 1.6268 billion in fiscal 2025/2026, from EUR 1.6766 billion.

Earnings before interest, taxes, depreciation and amortization, or EBITDA, declined 2.10 percent to EUR 343.1 million, yet the EBITDA margin rose to 21.10 percent from 20.90 percent. Adjusted EBITDA was EUR 314.1 million, equal to a 19.30 percent adjusted margin, showing that the reported margin benefited from a EUR 29.0 million licensing effect.

Growth depends on agriculture recovery

KWS expects 3.00 percent organic revenue growth and an EBITDA margin between 19.00 and 20.00 percent in fiscal 2026/2027, provided agricultural markets recover. The company also plans to propose a dividend of EUR 1.30 per share for fiscal 2025/2026, up from EUR 1.25.

For investors, the central tension is visible in the numbers: the business preserved a 21.10 percent reported margin despite lower revenue, but the next growth step depends on acreage and market conditions. KWS reported free cash flow of EUR 122.5 million in fiscal 2025/2026, compared with EUR 123.2 million in the prior fiscal year.

Stock remains below its yearly high

KWS Saat was trading at EUR 69.35 at Lang & Schwarz on October 2, 2026 at 12:39 p.m. CEST, versus the EUR 68.85 prior close, with a plus 0.73 percent daily change. Its market capitalization was EUR 2.3 billion as of October 2, 2026.

The further course of trading is shown by the continuously updated real-time quote of KWS Saat stock.