Umicore
Market Cap
€9.5b
Last Updated
2020/08/14 10:05 UTC
Data Sources
Company Financials +
Executive Summary
Umicore SA operates as a materials technology and recycling company worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Umicore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UMI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.4%
UMI
5.7%
BE Chemicals
3.1%
BE Market
1 Year Return
47.9%
UMI
8.1%
BE Chemicals
-19.2%
BE Market
Return vs Industry: UMI exceeded the Belgian Chemicals industry which returned 8.1% over the past year.
Return vs Market: UMI exceeded the Belgian Market which returned -19.2% over the past year.
Shareholder returns
| UMI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 5.7% | 3.1% |
| 30 Day | -8.3% | -4.4% | -0.4% |
| 90 Day | 7.4% | 8.1% | 13.7% |
| 1 Year | 49.4%47.9% | 10.8%8.1% | -17.9%-19.2% |
| 3 Year | 26.9%22.4% | -12.7%-18.2% | -24.7%-29.3% |
| 5 Year | 139.0%121.7% | 22.0%4.0% | -16.1%-25.1% |
Price Volatility Vs. Market
How volatile is Umicore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Umicore (EBR:UMI) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is There Now An Opportunity In Umicore SA (EBR:UMI)?4 months ago | Simply Wall St
If You Had Bought Umicore (EBR:UMI) Stock Five Years Ago, You Could Pocket A 82% Gain TodayValuation
Is Umicore undervalued compared to its fair value and its price relative to the market?
41.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UMI (€39.29) is trading above our estimate of fair value (€12.17)
Significantly Below Fair Value: UMI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UMI is poor value based on its PE Ratio (41x) compared to the BE Chemicals industry average (38.5x).
PE vs Market: UMI is poor value based on its PE Ratio (41x) compared to the Belgian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: UMI is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: UMI is overvalued based on its PB Ratio (3.6x) compared to the BE Chemicals industry average (1.4x).
Next Steps
Future Growth
How is Umicore forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
24.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UMI's forecast earnings growth (24.4% per year) is above the savings rate (1.6%).
Earnings vs Market: UMI's earnings (24.4% per year) are forecast to grow slower than the Belgian market (26.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UMI's revenue (0.5% per year) is forecast to grow slower than the Belgian market (5.4% per year).
High Growth Revenue: UMI's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UMI's Return on Equity is forecast to be low in 3 years time (13.2%).
Next Steps
Past Performance
How has Umicore performed over the past 5 years?
13.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UMI has high quality earnings.
Growing Profit Margin: UMI's current net profit margins (1.2%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: UMI's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: UMI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UMI had negative earnings growth (-24.3%) over the past year, making it difficult to compare to the Chemicals industry average (-14.2%).
Return on Equity
High ROE: UMI's Return on Equity (9%) is considered low.
Next Steps
Financial Health
How is Umicore's financial position?
Financial Position Analysis
Short Term Liabilities: UMI's short term assets (€5.0B) exceed its short term liabilities (€2.9B).
Long Term Liabilities: UMI's short term assets (€5.0B) exceed its long term liabilities (€2.3B).
Debt to Equity History and Analysis
Debt Level: UMI's debt to equity ratio (92.8%) is considered high.
Reducing Debt: UMI's debt to equity ratio has increased from 23% to 92.8% over the past 5 years.
Debt Coverage: UMI's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: UMI's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Umicore current dividend yield, its reliability and sustainability?
1.27%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: UMI's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (2.51%).
High Dividend: UMI's dividend (1.27%) is low compared to the top 25% of dividend payers in the Belgian market (5.3%).
Stability and Growth of Payments
Stable Dividend: UMI's dividend payments have been volatile in the past 10 years.
Growing Dividend: UMI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.1%), UMI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UMI's dividends in 3 years are forecast to be well covered by earnings (36.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Marc Grynberg (55 yo)
11.75yrs
Tenure
€2,390,179
Compensation
Mr. Marc Grynberg has been the Chief Executive Officer of Umicore S.A. since November 2008 and had been its Executive Director since November 19, 2008 until May 2020. Mr. Grynberg serves as Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD2.83M) is about average for companies of similar size in the Belgian market ($USD2.37M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 11.75yrs | €2.39m | 0.38% € 35.9m | |
| Chief Financial Officer | 7.75yrs | no data | 0.019% € 1.8m | |
| Chief Technology Officer | 1.83yrs | no data | 0.00077% € 72.8k | |
| Executive VP of Legal | 5.58yrs | no data | 0.011% € 1.1m | |
| Executive Vice President of Recycling | 15.58yrs | no data | 0.0092% € 872.3k | |
| Executive Vice-President of Energy & Surface Technologies | 2.33yrs | no data | 0.032% € 3.0m | |
| Executive Vice-President of Catalysis | 1.5yrs | no data | 0.00042% € 39.7k | |
| Head of Investor Relations | no data | no data | no data | |
| Director of Group Communications | no data | no data | no data | |
| Senior Vice-President of Human Resources | no data | no data | no data | |
| Senior Vice President of Strategic Developments Energy & Surface Technology | no data | no data | no data | |
| Senior Vice President of Environment Health & Safety | no data | no data | no data |
5.6yrs
Average Tenure
53yo
Average Age
Experienced Management: UMI's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 2.33yrs | €99.93k | 0.00070% € 66.2k | |
| Independent Non-Executive Director | 5.33yrs | €77.93k | 0.0019% € 183.3k | |
| Chairman of the Board | 11.75yrs | €165.24k | 0.38% € 36.1m | |
| Independent Non-Executive Director | 4.33yrs | €79.93k | 0.0015% € 144.6k | |
| Honorary Chairman | no data | €138.00k | no data | |
| Independent Non-Executive Director | 9.33yrs | €127.93k | 0.0032% € 298.6k | |
| Board Advisor | no data | no data | no data | |
| Independent Non-Executive Director | 5.33yrs | €86.93k | 0.0056% € 526.4k | |
| Director | 1.33yrs | €62.02k | no data | |
| Independent Non-Executive Director | 3.33yrs | €77.93k | 0.0011% € 105.8k | |
| Director | 0.33yr | no data | no data |
4.3yrs
Average Tenure
59yo
Average Age
Experienced Board: UMI's board of directors are considered experienced (4.3 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Umicore SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Umicore SA
- Ticker: UMI
- Exchange: ENXTBR
- Founded: 1906
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: €9.451b
- Shares outstanding: 240.53m
- Website: https://www.umicore.com
Number of Employees
Location
- Umicore SA
- Rue du Marais 31 Broekstraat
- Brussels
- Brussels
- 1000
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UMIC.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jan 1992 |
| NVJP | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
| UMI | ENXTBR (Euronext Brussels) | Yes | Bearer Shares | BE | EUR | Jan 1992 |
| 0RUY | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| UMIB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| UMI | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jan 1992 |
| UMI N | BMV (Bolsa Mexicana de Valores) | Yes | Bearer Shares | MX | MXN | Jan 1992 |
| NVJP | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Jan 1992 |
| UMIC.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Mar 2010 |
Biography
Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 10:05 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.