SBO AG (SLL.DE)

SBO AG (SLL.DE) — VMCI valuation read

SBO AG (SLL.DE) carries a VMCI composite of 54/100, 4 points above the Energy sector median of 50. Among mid-cap names, that gap places SLL.DE in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The SLL.DE insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads SLL.DE trades at 24.0x earnings, 33% above the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of 1.3x leaves covenant headroom, the line to track on SBO AG's next 10-Q.

SLL.DE rose 3.2% over the trailing 7 days, with a -12.8% read on a 30-day basis.