Evonik Industries AG engages in the specialty chemicals business worldwide.
Good value with mediocre balance sheet.
Share Price & News
How has Evonik Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EVK underperformed the Austrian Chemicals industry which returned 9.5% over the past year.
Return vs Market: EVK matched the Austrian Market which returned 3.5% over the past year.
Price Volatility Vs. Market
How volatile is Evonik Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Evonik Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EVK (€25.97) is trading below our estimate of fair value (€44.58)
Significantly Below Fair Value: EVK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EVK is good value based on its PE Ratio (16.2x) compared to the Chemicals industry average (16.3x).
PE vs Market: EVK is poor value based on its PE Ratio (16.2x) compared to the Austrian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: EVK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: EVK is good value based on its PB Ratio (1.4x) compared to the XE Chemicals industry average (1.6x).
How is Evonik Industries forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVK's earnings are forecast to decline over the next 3 years (-25.4% per year).
Earnings vs Market: EVK's earnings are forecast to decline over the next 3 years (-25.4% per year).
High Growth Earnings: EVK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EVK's revenue (3.5% per year) is forecast to grow faster than the Austrian market (2.7% per year).
High Growth Revenue: EVK's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EVK's Return on Equity is forecast to be low in 3 years time (10%).
How has Evonik Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVK has a large one-off loss of €274.0M impacting its September 30 2019 financial results.
Growing Profit Margin: EVK's current net profit margins (5.1%) are lower than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: EVK's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: EVK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EVK had negative earnings growth (-10.8%) over the past year, making it difficult to compare to the Chemicals industry average (2.5%).
Return on Equity
High ROE: EVK's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Evonik Industries's financial position?
Financial Position Analysis
Short Term Liabilities: EVK's short term assets (€7.2B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: EVK's short term assets (€7.2B) do not cover its long term liabilities (€10.1B).
Debt to Equity History and Analysis
Debt Level: EVK's debt to equity ratio (45.3%) is considered high.
Reducing Debt: EVK's debt to equity ratio has increased from 26.7% to 45.3% over the past 5 years.
Debt Coverage: EVK's debt is well covered by operating cash flow (38.2%).
Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (11.2x coverage).
Inventory Level: EVK has a high level of physical assets or inventory.
Debt Coverage by Assets: EVK's debt is covered by short term assets (assets are 1.9x debt).
What is Evonik Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EVK's dividend (4.42%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: EVK's dividend (4.42%) is low compared to the top 25% of dividend payers in the Austrian market (4.58%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EVK has been paying a dividend for less than 10 years.
Growing Dividend: EVK's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.5%), EVK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EVK's dividends in 3 years are forecast to be covered by earnings (64.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christian Kullmann (50yo)
Mr. Christian Kullmann has been Chairman of Executive Board ance Chief Executive Officer of Evonik Industries AG since May 23, 2017. He serves as Deputy Chairman of the Supervisory Board at Borussia Dortmu ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD4.64M) is about average for companies of similar size in the Austrian market ($USD3.59M).
Compensation vs Earnings: Christian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Chairman of the Executive Board||2.8yrs||€4.27m||no data|
|Deputy Chairman of the Executive Board||2.4yrs||€3.62m||no data|
|CFO & Member of Executive Board||6.3yrs||€2.47m||no data|
|Chief Human Resource Officer||8.4yrs||€2.62m||no data|
|Head of Production and Technology||0yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
|Vice President M&A||0yrs||no data||no data|
|Head of Corporate Communications||3.8yrs||no data||no data|
|Head of Supply Chain Management & Production and Head of Controlling Resource Efficiency||10.8yrs||no data||no data|
|Managing Director of Operations In Taiwan||0yrs||no data||no data|
Experienced Management: EVK's management team is seasoned and experienced (5 years average tenure).
|Member of Supervisory Board||12.2yrs||€200.00k||no data|
|Member of Supervisory Board||3.8yrs||€155.00k||no data|
|Chairman of the Supervisory Board||1.8yrs||€265.00k||no data|
|Member of Supervisory Board||12.2yrs||€170.00k||no data|
|Deputy Chairwoman of Supervisory Board||3.8yrs||€275.00k||no data|
|Member of Supervisory Board||6.9yrs||€169.00k||no data|
|Member of Supervisory Board||7.3yrs||€169.00k||no data|
|Member of Supervisory Board||6.9yrs||€160.00k||no data|
|Member of Supervisory Board||5.8yrs||€164.00k||no data|
|Member of Supervisory Board||5.6yrs||€137.00k||no data|
Experienced Board: EVK's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Evonik Industries AG's company bio, employee growth, exchange listings and data sources
- Name: Evonik Industries AG
- Ticker: EVK
- Exchange: WBAG
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: €12.099b
- Shares outstanding: 465.17m
- Website: https://corporate.evonik.com/en/
Number of Employees
- Evonik Industries AG
- Rellinghauser Strasse 1-11
- North Rhine-Westphalia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EVK||DB (Deutsche Boerse AG)||Yes||Ordinary Registered Shares||DE||EUR||Apr 2013|
|EVK||XTRA (XETRA Trading Platform)||Yes||Ordinary Registered Shares||DE||EUR||Apr 2013|
|EVKD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Registered Shares||GB||EUR||Apr 2013|
|0QDS||LSE (London Stock Exchange)||Yes||Ordinary Registered Shares||GB||EUR||Apr 2013|
|EVKI.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Registered Shares||US||USD||Apr 2013|
|EVK||WBAG (Wiener Boerse AG)||Yes||Ordinary Registered Shares||AT||EUR||Apr 2013|
|EVK||SWX (SIX Swiss Exchange)||Yes||Ordinary Registered Shares||CH||CHF||Apr 2013|
|EVK||BIT (Borsa Italiana)||Yes||Ordinary Registered Shares||IT||EUR||Apr 2013|
Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosines, oleochemicals, quaternary derivatives, polyurethane additives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, and animal nutrition and healthcare products. The Resource Efficiency segment provides high-performance materials and specialty additives, such as hydrogen peroxide, activated nickel catalysts, precious metal powder catalysts, oil and fat hydrogenation catalysts, amorphous polyalphaolefins, polybutadienes, polyester resins, thermoplastic and reactive methacrylate resins, organically modified silicones, isophorone chemistry, PEEK, polyamide 12, oil additives, organosilanes, chlorosilanes, fumed silicas, fumed metal oxides, precipitated silicas, and matting agents for the automotive, paints, coatings, adhesives, construction, and various other sectors. The Performance Materials segment produces polymer materials and intermediates, including butene-1, DINP, isononanol, cyanuric chloride, alkoxides, TAA and TAA derivatives, and methacrylate monomers and polymers for rubber, plastics, and agriculture industries. The Services segment provides site management, utilities and waste management, technical, process technology, engineering, and logistics services. The company is headquartered in Essen, Germany. Evonik Industries AG is a subsidiary of RAG-Stiftung.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 22:54|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.