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Wacker Chemie

WBAG:WCH
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WCH
WBAG
€4B
Market Cap
  1. Home
  2. AT
  3. Materials
Company description

Wacker Chemie AG provides chemical products worldwide. The last earnings update was 30 days ago. More info.


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WCH Share Price and Events
7 Day Returns
5.7%
WBAG:WCH
2.9%
Europe Chemicals
3.4%
AT Market
1 Year Returns
-43.4%
WBAG:WCH
-1.6%
Europe Chemicals
-2%
AT Market
WCH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wacker Chemie (WCH) 5.7% -0.5% -4.7% -43.4% - -
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
  • WCH underperformed the Chemicals industry which returned -1.6% over the past year.
  • WCH underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
WCH
Industry
5yr Volatility vs Market

WCH Value

 Is Wacker Chemie 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 Wacker Chemie 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 Wacker Chemie.

WBAG:WCH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
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:WCH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
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- 30%) (23.46%))
1.057
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.057 * 5.96%)
6.81%

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

The calculations below outline how an intrinsic value for Wacker Chemie 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:WCH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.81%)
2019 314.50 Analyst x8 294.46
2020 380.81 Analyst x8 333.82
2021 400.54 Analyst x8 328.74
2022 415.32 Est @ 3.69% 319.14
2023 426.68 Est @ 2.74% 306.98
2024 435.51 Est @ 2.07% 293.36
2025 442.48 Est @ 1.6% 279.06
2026 448.11 Est @ 1.27% 264.60
2027 452.80 Est @ 1.04% 250.33
2028 456.80 Est @ 0.88% 236.45
Present value of next 10 years cash flows €2,906.95
WBAG:WCH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €456.80 × (1 + 0.51%) ÷ (6.81% – 0.51%)
€7,291.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €7,291.44 ÷ (1 + 6.81%)10
€3,774.19
WBAG:WCH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,906.95 + €3,774.19
€6,681.13
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,681.13 / 49.68
€134.49
WBAG:WCH Discount to Share Price
Calculation Result
Value per share (EUR) From above. €134.49
Current discount Discount to share price of €85.58
= -1 x (€85.58 - €134.49) / €134.49
36.4%

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

Current Discount
Amount off the current price Wacker Chemie is available for.
Intrinsic value
36%
Share price is €85.58 vs Future cash flow value of €134.49
Current Discount Checks
For Wacker Chemie to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wacker Chemie's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wacker Chemie's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Wacker Chemie's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wacker Chemie's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:WCH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.95
XTRA:WCH Share Price ** XTRA (2019-04-18) in EUR €85.58
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 Wacker Chemie.

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

= XTRA:WCH Share Price ÷ EPS (both in EUR)

= 85.58 ÷ 4.95

17.28x

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

  • Wacker Chemie is good value based on earnings compared to the Europe Chemicals industry average.
  • Wacker Chemie is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Wacker Chemie's expected growth come at a high price?
Raw Data
WBAG:WCH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
6.5%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:WCH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.28x ÷ 6.5%

2.65x

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

  • Wacker Chemie is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wacker Chemie's assets?
Raw Data
WBAG:WCH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €62.14
XTRA:WCH Share Price * XTRA (2019-04-18) in EUR €85.58
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:WCH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:WCH Share Price ÷ Book Value per Share (both in EUR)

= 85.58 ÷ 62.14

1.38x

* Primary Listing of Wacker Chemie.

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

  • Wacker Chemie is good value based on assets compared to the Europe Chemicals industry average.
X
Value checks
We assess Wacker Chemie'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. Wacker Chemie has a total score of 3/6, 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.

WCH Future Performance

 How is Wacker Chemie expected to perform in the next 1 to 3 years based on estimates from 16 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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wacker Chemie expected to grow at an attractive rate?
  • Wacker Chemie's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Wacker Chemie's earnings growth is positive but not above the Austria market average.
  • Wacker Chemie's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:WCH Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:WCH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 6.5%
WBAG:WCH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 3.1%
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:WCH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:WCH Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,843 4
2022-12-31 5,630 4
2021-12-31 5,430 801 300 13
2020-12-31 5,274 713 259 16
2019-12-31 5,099 675 244 16
WBAG:WCH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 4,979 510 246
2018-09-30 4,966 444 271
2018-06-30 5,035 600 308
2018-03-31 4,923 725 287
2017-12-31 4,924 657 232
2017-09-30 4,900 680 201
2017-06-30 4,739 718 160
2017-03-31 4,720 741 157
2016-12-31 4,634 737 168
2016-09-30 4,716 731 153
2016-06-30 4,923 623 154
2016-03-31 5,094 590 208

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wacker Chemie's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Wacker Chemie's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
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:WCH 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 16 Analyst Estimates (S&P Global) See Below

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

WBAG:WCH Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 6.44 8.79 3.87 11.00
2020-12-31 5.32 7.21 3.06 14.00
2019-12-31 4.98 6.12 4.23 13.00
WBAG:WCH Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.95
2018-09-30 5.46
2018-06-30 6.19
2018-03-31 5.77
2017-12-31 4.67
2017-09-30 4.05
2017-06-30 3.21
2017-03-31 3.17
2016-12-31 3.38
2016-09-30 3.09
2016-06-30 3.09
2016-03-31 4.18

*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.
  • Wacker Chemie is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wacker Chemie'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.
Wacker Chemie 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.

WCH Past Performance

  How has Wacker Chemie 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 Wacker Chemie'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.
  • Wacker Chemie's year on year earnings growth rate has been positive over the past 5 years.
  • Wacker Chemie's 1-year earnings growth is less than its 5-year average (6.1% vs 15.8%)
  • Wacker Chemie's earnings growth has exceeded the Europe Chemicals industry average in the past year (6.1% vs 2.7%).
Earnings and Revenue History
Wacker Chemie'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 Wacker Chemie Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:WCH 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 4,978.80 246.10 496.40 164.60
2018-09-30 4,965.70 271.30 490.80 158.40
2018-06-30 5,034.60 307.50 481.10 153.70
2018-03-31 4,923.00 286.70 474.80 152.30
2017-12-31 4,924.20 232.00 473.40 153.10
2017-09-30 4,899.80 201.10 465.40 155.80
2017-06-30 4,739.00 159.50 455.80 157.00
2017-03-31 4,719.90 157.30 436.90 155.30
2016-12-31 4,634.20 168.00 423.30 150.00
2016-09-30 4,716.00 153.30 445.10 156.20
2016-06-30 4,923.10 153.60 456.40 161.80
2016-03-31 5,094.40 207.60 475.40 167.80
2015-12-31 5,296.20 246.70 489.70 175.30
2015-09-30 5,257.80 224.70 474.10 178.90
2015-06-30 5,132.10 285.20 464.70 179.80
2015-03-31 5,003.90 207.20 455.80 179.90
2014-12-31 4,826.40 203.80 444.50 183.10
2014-09-30 4,718.80 199.80 446.90 185.50
2014-06-30 4,652.00 83.90 442.20 182.70
2014-03-31 4,560.00 65.50 434.50 181.60
2013-12-31 4,478.90 2.60 426.00 173.80
2013-09-30 4,409.20 13.60 418.70 167.50
2013-06-30 4,444.70 35.80 420.90 168.90
2013-03-31 4,516.90 81.50 425.80 170.50
2012-12-31 4,634.90 120.70 434.60 173.70
2012-09-30 4,629.30 46.90 426.70 174.60
2012-06-30 4,709.00 144.30 429.70 174.00

*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.
  • Wacker Chemie has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wacker Chemie used its assets less efficiently than the Europe Chemicals industry average last year based on Return on Assets.
  • Wacker Chemie's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wacker Chemie'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.
Wacker Chemie has a total score of 2/6, 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.

WCH Health

 How is Wacker Chemie'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 Wacker Chemie's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wacker Chemie is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wacker Chemie's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wacker Chemie'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 2.3x 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 Wacker Chemie Company Filings, last reported 3 months ago.

WBAG:WCH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,145.50 997.20 383.50
2018-09-30 3,142.30 1,018.60 345.90
2018-06-30 3,066.00 1,028.30 356.50
2018-03-31 3,161.80 1,076.70 740.50
2017-12-31 3,169.30 1,001.60 553.00
2017-09-30 3,204.20 1,264.90 786.40
2017-06-30 3,136.30 1,361.90 680.30
2017-03-31 3,220.10 1,426.60 721.80
2016-12-31 2,593.20 1,458.20 459.40
2016-09-30 2,073.80 1,635.70 626.60
2016-06-30 2,138.70 1,668.80 474.20
2016-03-31 2,487.70 1,636.30 530.10
2015-12-31 2,795.10 1,455.40 403.60
2015-09-30 2,752.70 1,446.90 417.60
2015-06-30 2,687.70 1,508.40 501.10
2015-03-31 1,817.00 1,583.70 377.20
2014-12-31 1,946.50 1,601.50 570.40
2014-09-30 2,113.50 1,592.80 620.10
2014-06-30 2,066.10 1,458.00 443.00
2014-03-31 2,155.50 1,448.00 421.40
2013-12-31 2,197.10 1,416.70 521.50
2013-09-30 2,167.40 1,476.40 683.80
2013-06-30 2,196.00 1,468.00 592.30
2013-03-31 2,188.40 1,193.70 360.30
2012-12-31 2,121.30 1,197.20 454.70
2012-09-30 2,651.50 1,177.40 670.50
2012-06-30 2,630.40 1,114.00 703.20
  • Wacker Chemie's level of debt (31.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.5% vs 31.7% today).
  • Debt is well covered by operating cash flow (51.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.4x coverage).
X
Financial health checks
We assess Wacker Chemie'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. Wacker Chemie has a total score of 5/6, 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.

WCH Dividends

 What is Wacker Chemie'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
2.92%
Current annual income from Wacker Chemie dividends. Estimated to be 3.45% next year.
If you bought €2,000 of Wacker Chemie shares you are expected to receive €58 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?
  • Wacker Chemie's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Wacker Chemie's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Wacker Chemie 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:WCH 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 16 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:WCH Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.50 1.00
2022-12-31 4.00 1.00
2021-12-31 3.17 13.00
2020-12-31 2.83 15.00
2019-12-31 2.72 15.00
WBAG:WCH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-19 2.500 3.097
2018-03-13 2.500 2.383
2017-03-14 2.000 1.724
2016-03-17 2.000 2.332
2015-03-17 1.500 1.816
2014-03-13 0.500 0.553
2013-05-08 0.600 0.831
2012-02-28 2.200 4.057
2011-03-16 3.200 3.393
2011-03-10 3.200 2.297
2010-03-01 1.200 0.976
2010-01-04 1.200 1.185
2009-04-20 1.800 1.951

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wacker Chemie's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Wacker Chemie'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 Wacker Chemie afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wacker Chemie has a total score of 4/6, see the detailed checks below.


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

WCH Management

 What is the CEO of Wacker Chemie'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
Rudolf Staudigl
COMPENSATION €2,440,244
AGE 63
TENURE AS CEO 10.9 years
CEO Bio

Dr. Rudolf Staudigl serves as Deputy chairman of the Supervisory Board of Groz-Beckert U.K. Ltd. Dr. Staudigl has been a Member of Executive Board at Wacker Chemie AG since 1995 and as its President and Chief Executive Officer since May 8, 2008. Dr. Staudigl serves as Human Resources Personnel Director of WACKER SILICONES. He served as Personnel Director of Wacker Chemie AG. He served as a Member and Chairman of Supervisory Board at Siltronic AG until January 1, 2009. He serves as a Member at Advisory Council of Groz-Beckert KG, Pensionskasse der Wacker Chemie VV AG, German chemical industry association and Bavarian branch. He has been Deputy chairman of the Supervisory Board at Groz-Beckert KG since 2011. He has been Chairman of the board at Wacker Chemie AG, Munich, Germany since 2008. He has been a Member of the supervisory board at Groz-Beckert KG since 2005.

CEO Compensation
  • Rudolf's compensation has been consistent with company performance over the past year.
  • Rudolf's remuneration is higher than average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the Wacker Chemie management team in years:

7.2
Average Tenure
47
Average Age
  • The average tenure for the Wacker Chemie management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rudolf Staudigl

TITLE
CEO, President & Member of Executive Board
COMPENSATION
€2M
AGE
63
TENURE
10.9 yrs

Tobias Ohler

TITLE
CFO & Member of the Executive Board
COMPENSATION
€2M
AGE
47
TENURE
3.4 yrs

Auguste Willems

TITLE
Member of Executive Board
COMPENSATION
€2M
TENURE
13.3 yrs

Christian Hartel

TITLE
Member of Executive Board
COMPENSATION
€1M
AGE
47
TENURE
3.4 yrs

Rainald Hagenhues

TITLE
Head of Corproate Accounting & Tax

Jörg Hoffmann

TITLE
Head of Investor Relations

Goetz Neumann

TITLE
Head of Legal Affairs

Jörg Hettmann

TITLE
Head of Corporate Communications

Thomas Koini

TITLE
Head of Sales & Distribution

Angela Wörl

TITLE
Head of Human Resource
Board of Directors Tenure

Average tenure and age of the Wacker Chemie board of directors in years:

10.9
Average Tenure
67
Average Age
  • The average tenure for the Wacker Chemie board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter-Alexander Wacker

TITLE
Chairman of Supervisory Board
AGE
67
TENURE
10.9 yrs

Manfred Köppl

TITLE
Deputy Chairman of Supervisory Board
TENURE
2.3 yrs

Franz-Josef Kortüm

TITLE
Member of Supervisory Board
AGE
68

Eduard-Harald Klein

TITLE
Employee Representative Member of Supervisory Board
TENURE
16.3 yrs

Peter Áldozó

TITLE
Employee Representative Member of Supervisory Board

Ernst-Ludwig Winnacker

TITLE
Member of Supervisory Board
AGE
77
TENURE
13.6 yrs

Seppel Kraus

TITLE
Employee Representative Member of Supervisory Board
AGE
65

Matthias Biebl

TITLE
Member of Supervisory Board
TENURE
10.9 yrs

Susanne Weiss

TITLE
Member of Supervisory Board
AGE
57
TENURE
10.9 yrs

Konrad Kammergruber

TITLE
Employee Representative Member of Supervisory Board
TENURE
7.3 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 Wacker Chemie'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. Wacker Chemie 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.

WCH News

Simply Wall St News

WCH Company Info

Description

Wacker Chemie AG provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, silicones, silicone fluids, emulsions, elastomers, sealants and resins, and pyrogenic silicas for use in construction, paint and coating, chemical, cosmetic, textile and leather, paper and film coating, fabric coating, electrical and electronic engineering, insulation technology, mechanical engineering and metal processing, medical technology, automotive, communications technology, office equipment, household appliance, plastics and rubber processing, and mold making applications. The Wacker Polymers division provides dispersible polymer powder and dispersions, surface-coating resins, polyvinyl alcohol solutions, and polymer modifiers, which are used in automotive, construction chemical, adhesive, paint and coating, nonwoven, textile, and paper applications. The Wacker Biosolutions division offers bioengineered products, such as cyclodextrins, cyclodextrin complexes, cysteine, and cystine; biopharmaceutical products; fine chemicals; organosilanes; chiral alcohols; base chemicals; and polyvinyl acetate solid resins that are used in foodstuffs, pharmaceuticals and biologics, agrochemicals, household products, personal care and cosmetics, specialty chemicals, and chemical industrial applications. The Wacker Polysilicon division produces polysilicon for use in solar cells and electronics. The company was founded in 1914 and is headquartered in Munich, Germany. Wacker Chemie AG is a subsidiary of Dr. Alexander Wacker Familiengesellschaft mbH.

Details
Name: Wacker Chemie AG
WCH
Exchange: WBAG
Founded: 1914
€4,251,441,785
49,677,983
Website: http://www.wacker.com
Address: Wacker Chemie AG
Hanns-Seidel-Platz 4,
Munich,
Bavaria, 81737,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA WCH Common Shares XETRA Trading Platform DE EUR 10. Apr 2006
OTCPK WKCM.F Common Shares Pink Sheets LLC US USD 10. Apr 2006
DB WCH Common Shares Deutsche Boerse AG DE EUR 10. Apr 2006
LSE 0NR4 Common Shares London Stock Exchange GB EUR 10. Apr 2006
SWX WCH Common Shares SIX Swiss Exchange CH CHF 10. Apr 2006
WBAG WCH Common Shares Wiener Boerse AG AT EUR 10. Apr 2006
BATS-CHIXE WCHD Common Shares BATS 'Chi-X Europe' GB EUR 10. Apr 2006
Number of employees
Current staff
Staff numbers
14,542
Wacker Chemie employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:05
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/19
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.