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Umicore

WBAG:UMI
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UMI
WBAG
€10B
Market Cap
  1. Home
  2. AT
  3. Materials
Company description

Umicore S.A. operates as a materials technology and recycling company worldwide. The last earnings update was 29 days ago. More info.


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UMI Share Price and Events
7 Day Returns
5.4%
WBAG:UMI
2.9%
Europe Chemicals
3.4%
AT Market
1 Year Returns
-0.5%
WBAG:UMI
-1.6%
Europe Chemicals
-2%
AT Market
UMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Umicore (UMI) 5.4% 5.3% 20.8% -0.5% - -
Europe Chemicals 2.9% 4.4% 11.7% -1.6% 21.6% 27.3%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • UMI outperformed the Chemicals industry which returned -1.6% over the past year.
  • UMI outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
UMI
Industry
5yr Volatility vs Market

UMI Value

 Is Umicore undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Umicore to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Umicore.

WBAG:UMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:UMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.8%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.931 (1 + (1- 29%) (11%))
1.003
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.003 * 6.8%)
7.33%

Discounted Cash Flow Calculation for WBAG:UMI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Umicore is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:UMI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.33%)
2019 -219.81 Analyst x6 -204.80
2020 128.99 Analyst x3 111.98
2021 380.75 Analyst x4 307.96
2022 328.00 Analyst x1 247.18
2023 294.30 Est @ -10.27% 206.64
2024 273.59 Est @ -7.04% 178.98
2025 260.53 Est @ -4.77% 158.79
2026 252.22 Est @ -3.19% 143.23
2027 246.97 Est @ -2.08% 130.68
2028 243.76 Est @ -1.3% 120.17
Present value of next 10 years cash flows €1,400.81
WBAG:UMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €243.76 × (1 + 0.51%) ÷ (7.33% – 0.51%)
€3,593.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,593.00 ÷ (1 + 7.33%)10
€1,771.30
WBAG:UMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,400.81 + €1,771.30
€3,172.11
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,172.11 / 239.77
€13.23
WBAG:UMI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:UMI represents 0.99816x of ENXTBR:UMI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99816x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 13.23 x 0.99816
€13.21
Value per share (EUR) From above. €13.21
Current discount Discount to share price of €43.37
= -1 x (€43.37 - €13.21) / €13.21
-228.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Umicore is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Umicore's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Umicore's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:UMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.33
ENXTBR:UMI Share Price ** ENXTBR (2019-04-18) in EUR €43.45
Europe Chemicals Industry PE Ratio Median Figure of 93 Publicly-Listed Chemicals Companies 18.75x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Umicore.

WBAG:UMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:UMI Share Price ÷ EPS (both in EUR)

= 43.45 ÷ 1.33

32.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Umicore is overvalued based on earnings compared to the Europe Chemicals industry average.
  • Umicore is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Umicore's expected growth come at a high price?
Raw Data
WBAG:UMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
13.9%per year
Europe Chemicals Industry PEG Ratio Median Figure of 62 Publicly-Listed Chemicals Companies 1.89x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:UMI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.79x ÷ 13.9%

2.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Umicore is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Umicore's assets?
Raw Data
WBAG:UMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €10.83
ENXTBR:UMI Share Price * ENXTBR (2019-04-18) in EUR €43.45
Europe Chemicals Industry PB Ratio Median Figure of 138 Publicly-Listed Chemicals Companies 1.85x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:UMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:UMI Share Price ÷ Book Value per Share (both in EUR)

= 43.45 ÷ 10.83

4.01x

* Primary Listing of Umicore.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Umicore is overvalued based on assets compared to the Europe Chemicals industry average.
X
Value checks
We assess Umicore's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Umicore has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

UMI Future Performance

 How is Umicore expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Umicore expected to grow at an attractive rate?
  • Umicore's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Umicore's earnings growth is expected to exceed the Austria market average.
  • Umicore's revenues are expected to decrease over the next 1-3 years, this is below the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:UMI Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:UMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 13.9%
WBAG:UMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts -31.1%
Europe Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:UMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:UMI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,214 813 579 3
2022-12-31 4,705 776 560 4
2021-12-31 4,685 745 518 12
2020-12-31 4,128 578 432 15
2019-12-31 3,584 408 352 15
WBAG:UMI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 13,726 -27 317
2018-09-30 12,895 53 291
2018-06-30 12,063 133 265
2018-03-31 12,010 143 240
2017-12-31 11,957 153 215
2017-09-30 11,913 211 204
2017-06-30 11,870 268 194
2017-03-31 11,157 326 187
2016-12-31 10,444 385 181
2016-09-30 9,957 384 175
2016-06-30 9,471 382 168
2016-03-31 9,584 324 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Umicore's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
  • Umicore's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:UMI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Umicore Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:UMI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.40 2.40 2.40 1.00
2022-12-31 2.32 2.49 2.20 3.00
2021-12-31 2.16 2.33 1.86 11.00
2020-12-31 1.85 2.01 1.46 12.00
2019-12-31 1.49 1.62 1.38 11.00
WBAG:UMI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.33
2018-09-30 1.25
2018-06-30 1.16
2018-03-31 1.07
2017-12-31 0.98
2017-09-30 0.93
2017-06-30 0.89
2017-03-31 0.86
2016-12-31 0.83
2016-09-30 0.80
2016-06-30 0.78
2016-03-31 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Umicore is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Umicore's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Umicore has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

UMI Past Performance

  How has Umicore performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Umicore's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Umicore's year on year earnings growth rate has been positive over the past 5 years.
  • Umicore's 1-year earnings growth exceeds its 5-year average (47.5% vs 12.5%)
  • Umicore's earnings growth has exceeded the Europe Chemicals industry average in the past year (47.5% vs 2.7%).
Earnings and Revenue History
Umicore's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Umicore Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:UMI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,725.84 316.98
2018-09-30 12,894.60 291.16
2018-06-30 12,063.36 265.34
2018-03-31 12,010.16 240.09
2017-12-31 11,956.96 214.84
2017-09-30 11,913.45 204.23
2017-06-30 11,869.94 193.63
2017-03-31 11,156.74 187.33
2016-12-31 10,443.54 181.03
2016-09-30 9,957.31 174.62
2016-06-30 9,471.09 168.20
2016-03-31 9,584.39 160.50
2015-12-31 9,697.69 152.80
2015-09-30 9,956.56 174.90
2015-06-30 9,161.33 169.87
2015-03-31 8,643.33 163.02
2014-12-31 8,125.33 156.17
2014-09-30 8,467.08 158.32
2014-06-30 8,441.36 158.73
2014-03-31 9,130.31 168.88
2013-12-31 9,819.26 179.03
2013-09-30 10,451.73 186.74
2013-06-30 11,084.21 194.44
2013-03-31 11,816.11 213.94
2012-12-31 12,548.01 233.44
2012-09-30 13,501.43 255.95
2012-06-30 14,454.84 278.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Umicore has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Umicore used its assets more efficiently than the Europe Chemicals industry average last year based on Return on Assets.
  • Umicore has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Umicore's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Umicore has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

UMI Health

 How is Umicore's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Umicore's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Umicore is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Umicore's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Umicore's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Umicore Company Filings, last reported 3 months ago.

WBAG:UMI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,659.34 1,145.61 285.08
2018-09-30 2,659.34 1,145.61 285.08
2018-06-30 2,609.70 1,059.30 630.40
2018-03-31 2,609.70 1,059.30 630.40
2017-12-31 1,862.64 1,007.97 168.12
2017-09-30 1,862.64 1,007.97 168.12
2017-06-30 1,838.90 826.10 216.60
2017-03-31 1,838.90 826.10 216.60
2016-12-31 1,848.04 425.18 84.46
2016-09-30 1,848.04 425.18 84.46
2016-06-30 1,785.60 403.90 97.30
2016-03-31 1,785.60 403.90 97.30
2015-12-31 1,784.97 410.17 74.49
2015-09-30 1,785.10 410.20 74.50
2015-06-30 1,842.20 423.60 49.50
2015-03-31 1,842.20 423.60 49.50
2014-12-31 1,750.13 388.08 89.79
2014-09-30 1,750.13 388.08 89.79
2014-06-30 1,706.10 326.50 124.10
2014-03-31 1,706.10 326.50 124.10
2013-12-31 1,723.43 314.24 99.25
2013-09-30 1,723.43 314.24 99.25
2013-06-30 1,785.40 295.00 104.90
2013-03-31 1,785.40 295.00 104.90
2012-12-31 1,805.81 353.91 131.43
2012-09-30 1,805.81 353.91 131.43
2012-06-30 1,787.50 362.80 107.30
  • Umicore's level of debt (43.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.2% vs 43.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 17.4x coverage).
X
Financial health checks
We assess Umicore's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Umicore has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

UMI Dividends

 What is Umicore's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from Umicore dividends. Estimated to be 2.01% next year.
If you bought €2,000 of Umicore shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Umicore's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Umicore's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Umicore before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:UMI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 3%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:UMI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.81 1.00
2022-12-31 0.92 2.00
2021-12-31 0.96 16.00
2020-12-31 0.87 18.00
2019-12-31 0.79 18.00
WBAG:UMI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.750 1.819
2019-02-08 0.750 1.991
2018-08-07 0.725 1.781
2018-02-08 0.700 1.485
2017-08-04 0.675 1.817
2017-03-24 0.650 2.208
2017-02-10 0.650 2.576
2016-08-17 0.650 2.390
2016-02-05 0.700 3.128
2015-08-21 0.500 2.729
2015-04-29 0.500 2.373
2014-07-31 0.500 2.829
2014-02-06 0.500 2.842
2013-07-30 0.500 2.931
2013-02-07 0.500 2.810
2012-07-30 0.550 2.781
2012-03-22 0.500 2.619
2012-02-10 0.500 2.577
2011-08-04 0.438 2.798
2011-02-10 0.475 2.601
2010-08-06 0.325 1.897
2010-03-01 0.325 2.561
2010-02-11 0.325 2.896
2009-04-20 0.325 3.357

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Umicore's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Umicore's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Umicore afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Umicore has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

UMI Management

 What is the CEO of Umicore's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marc Grynberg
COMPENSATION €2,391,091
AGE 53
TENURE AS CEO 10.4 years
CEO Bio

Mr. Marc Grynberg has been the Chief Executive Officer of Umicore S.A. since November 2008 and has been its Executive Director since November 19, 2008. Mr. Grynberg serves as Chief Executive Officer of Umicore Group at Catalysis AG. He served as an Executive Vice President/Head of Automotive Catalyst division at Umicore S.A. from June 1, 2006 to November 2008. Mr. Grynberg served as the Chief Financial Officer of Umicore S.A. from 2000 to June 1, 2006. He joined Umicore in 1996 as Group Controller. He held several management positions in the finance function at DuPont de Nemours in Brussels and Geneva. He serves as Chairman of the Supervisory Board of Umicore Management AG (Germany). He has been an Independent Director of Nexans S.A. since May 11, 2017. He has been a Director of Umicore Finance Luxembourg since March 8, 2012 and Nexans Schweiz AG since October 19, 2017. His other positions held within the Umicore group: Director of Umicore Marketing Services (Hong Kong) Ltd., Umicore Japan KK, Umicore Marketing Services Korea Co., Ltd. and Umicore International (Luxembourg). He served as a Director of Agoria (Belgium Federation of Technological Industry). He served as Censor at Nexans S.A from January 18,2017 to May 19,2017. Mr. Grynberg served as Censor of Nexans Canada Inc. since March 20, 2017. He served as a Member of Supervisory Board at Allgemeine Gold- und Silberscheideanstalt AG since August 21, 2003. He holds Commercial Engineering Degree from the University of Brussels (Ecole de Commerce Solvay).

CEO Compensation
  • Insufficient data for Marc to compare compensation growth.
  • Insufficient data for Marc to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Umicore management team in years:

5.3
Average Tenure
49
Average Age
  • The average tenure for the Umicore management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Marc Grynberg

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
53
TENURE
10.4 yrs

Filip Platteeuw

TITLE
Chief Financial Officer
AGE
46
TENURE
6.4 yrs

Géraldine Nolens

TITLE
Executive VP of Legal
AGE
47
TENURE
4.3 yrs

Stephan Csoma

TITLE
Executive Vice President of Recycling
AGE
54
TENURE
14.3 yrs

Denis Goffaux

TITLE
Executive Vice-President of Energy & Surface Technologies
AGE
51
TENURE
1 yrs

An Steegen

TITLE
Chief Technology Officer
AGE
47
TENURE
0.5 yrs

Evelien Goovaerts

TITLE
Head of Investor Relations

Tim Weekes

TITLE
Director of Group Communications

Ignace de Ruijter

TITLE
Senior Vice-President of Human Resources

Jan Vliegen

TITLE
Senior Vice President of Strategic Developments Energy & Surface Technology
Board of Directors Tenure

Average tenure and age of the Umicore board of directors in years:

4
Average Tenure
56
Average Age
  • The tenure for the Umicore board of directors is about average.
Board of Directors

Thomas Leysen

TITLE
Chairman of the Board
COMPENSATION
€150K
AGE
58
TENURE
10.4 yrs

Marc Grynberg

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
53
TENURE
10.4 yrs

Karel Vinck

TITLE
Honorary Chairman
COMPENSATION
€138K
AGE
80

Ines Kolmsee

TITLE
Independent Non-Executive Director
COMPENSATION
€113K
AGE
48
TENURE
8 yrs

Marc Van Sande

TITLE
Board Advisor
AGE
66

Marc Garrett

TITLE
Independent Non-Executive Director
COMPENSATION
€96K
AGE
56
TENURE
4 yrs

Eric Meurice

TITLE
Independent Non-Executive Director
COMPENSATION
€83K
AGE
62
TENURE
4 yrs

Françoise Chombar

TITLE
Independent Non-Executive Director
COMPENSATION
€76K
AGE
56
TENURE
3 yrs

Colin Hall

TITLE
Non-Executive Director
COMPENSATION
€91K
AGE
48
TENURE
3 yrs

Liat Ben-Zur

TITLE
Independent Non-Executive Director
COMPENSATION
€54K
AGE
42
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Umicore's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Umicore has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

UMI News

Simply Wall St News

UMI Company Info

Description

Umicore S.A. operates as a materials technology and recycling company worldwide. Its Catalysis segment produces automotive catalysts for gasoline and diesel light and heavy duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for pharmaceutical and fine chemicals industries. The company’s Energy & Surface Technologies segment offers cobalt and specialty materials, electro-optic materials, rechargeable battery materials, and electroplating products. Its Recycling segment treats waste streams containing precious and other specialty metals from a range of industrial residues and end-of-life materials. This segment also produces precious metals-based materials for glass production, electric, and electronic applications. The company was formerly known as Union Minière du Haut Katanga and changed its name to Umicore S.A. in 2001. Umicore S.A. was founded in 1906 and is headquartered in Brussels, Belgium.

Details
Name: Umicore SA
UMI
Exchange: WBAG
Founded: 1906
€10,417,899,873
239,767,546
Website: http://www.umicore.com
Address: Umicore SA
Rue du Marais 31 Broekstraat,
Brussels,
Brussels, 1000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR UMI Bearer Shares Euronext Brussels BE EUR 02. Jan 1992
OTCPK UMIC.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB NVJP Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0RUY Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
ENXTBR 097432052 Bearer Shares Euronext Brussels BE EUR 02. Jan 1992
WBAG UMI Bearer Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE UMIB Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
BATS-CHIXE UMIB Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK UMIC.Y UNSPONSORED ADR Pink Sheets LLC US USD 12. Mar 2010
Number of employees
Current staff
Staff numbers
10,224
Umicore employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.