ENXTBR:UMI

Stock Analysis Report

Executive Summary

Umicore S.A. operates as a materials technology and recycling company worldwide.

Snowflake

Fundamentals

Established dividend payer with mediocre balance sheet.


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


Market Performance


7 Day Return

-0.03%

UMI

0.5%

BE Chemicals

-0.4%

BE Market


1 Year Return

-7.8%

UMI

-3.9%

BE Chemicals

10.9%

BE Market

Return vs Industry: UMI underperformed the Belgian Chemicals industry which returned -3.9% over the past year.

Return vs Market: UMI underperformed the Belgian Market which returned 10.9% over the past year.


Shareholder returns

UMIIndustryMarket
7 Day-0.03%0.5%-0.4%
30 Day9.7%3.3%-1.7%
90 Day32.0%10.3%-0.4%
1 Year-6.1%-7.8%-1.6%-3.9%13.3%10.9%
3 Year38.8%32.7%14.0%7.3%-4.0%-10.5%
5 Year154.1%133.7%44.4%22.1%27.1%12.2%

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

Valuation

Is Umicore undervalued compared to its fair value and its price relative to the market?

28.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UMI (€36.3) is trading above our estimate of fair value (€10.75)

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 (28.7x) compared to the Chemicals industry average (16.1x).

PE vs Market: UMI is poor value based on its PE Ratio (28.7x) compared to the Belgian market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: UMI is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: UMI is overvalued based on its PB Ratio (3.4x) compared to the BE Chemicals industry average (1.7x).


Next Steps

Future Growth

How is Umicore forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UMI's forecast earnings growth (17.9% per year) is above the savings rate (0.8%).

Earnings vs Market: UMI's earnings (17.9% per year) are forecast to grow faster than the Belgian market (6.4% per year).

High Growth Earnings: UMI's earnings are forecast to grow, but not significantly.

Revenue vs Market: UMI's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: UMI's revenue is forecast to decline over the next 3 years (-0.3% 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 (14.7%).


Next Steps

Past Performance

How has Umicore performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: UMI's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: UMI's earnings growth over the past year (14.7%) is below its 5-year average (15.9% per year).

Earnings vs Industry: UMI earnings growth over the past year (14.7%) underperformed the Chemicals industry 21%.


Return on Equity

High ROE: UMI's Return on Equity (11.8%) is considered low.


Return on Assets

ROA vs Industry: UMI has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: UMI has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Umicore's financial position?


Financial Position Analysis

Short Term Liabilities: UMI's short term assets (€3.8B) exceeds its short term liabilities (€2.3B)

Long Term Liabilities: UMI's short term assets (3.8B) exceeds its long term liabilities (1.3B)


Debt to Equity History and Analysis

Debt Level: UMI's debt to equity ratio (52.3%) is considered high

Reducing Debt: UMI's debt to equity ratio has increased from 19.2% to 52.3% over the past 5 years.

Debt Coverage: UMI's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: UMI's interest payments on its debt are well covered by EBIT (13.7x coverage).


Balance Sheet

Inventory Level: UMI has a high level of physical assets or inventory.

Debt Coverage by Assets: UMI's debt is covered by short term assets (assets are 2.7x debt).


Next Steps

Dividend

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

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.1%markettop25%4.4%industryaverage3.1%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: UMI's dividend (2.13%) is higher than the bottom 25% of dividend payers in the Belgian market (2.13%).

High Dividend: UMI's dividend (2.13%) is low compared to the top 25% of dividend payers in the Belgian market (4.39%).

Stable Dividend: UMI's dividends per share have been stable 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 reasonable payout ratio (61.3%), UMI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UMI's dividends in 3 years are forecast to be well covered by earnings (45.8% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Marc Grynberg (54yo)

10.9yrs

Tenure

€2,672,410

Compensation

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 Umi ...


CEO Compensation Analysis

Compensation vs. Market: Marc's total compensation ($USD2.97M) is about average for companies of similar size in the Belgian market ($USD2.56M).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

50yo

Average Age

Experienced Management: UMI's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

57.5yo

Average Age

Experienced Board: UMI's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Marc Grynberg (54yo)

    CEO & Executive Director

    • Tenure: 10.9yrs
    • Compensation: €2.67m
  • Filip Platteeuw (47yo)

    Chief Financial Officer

    • Tenure: 6.9yrs
  • Jan Vliegen

    Senior Vice President of Strategic Developments Energy & Surface Technology

    • Tenure: 0yrs
  • Stephan Csoma (55yo)

    Executive Vice President of Recycling

    • Tenure: 14.8yrs
  • Ignace de Ruijter

    Senior Vice-President of Human Resources

    • Tenure: 0yrs
  • Géraldine Nolens (48yo)

    Executive VP of Legal

    • Tenure: 4.8yrs
  • Tim Weekes

    Director of Group Communications

    • Tenure: 0yrs
  • Denis Goffaux (52yo)

    Executive Vice-President of Energy & Surface Technologies

    • Tenure: 1.5yrs
  • An Steegen (48yo)

    Chief Technology Officer

    • Tenure: 1yrs
  • Evelien Goovaerts

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Eric Meurice (63yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: €90.84k
  • Gérard Lamarche (58yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: €94.34k
  • Thomas Leysen (59yo)

    Chairman of the Board

    • Tenure: 10.9yrs
    • Compensation: €212.24k
  • Marc Grynberg (54yo)

    CEO & Executive Director

    • Tenure: 10.9yrs
    • Compensation: €2.67m
  • Françoise Chombar (57yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: €101.34k
  • Karel Vinck (81yo)

    Honorary Chairman

    • Tenure: 0yrs
    • Compensation: €138.00k
  • Ines Kolmsee (49yo)

    Independent Non-Executive Director

    • Tenure: 8.5yrs
    • Compensation: €125.84k
  • Marc Van Sande (67yo)

    Board Advisor

    • Tenure: 0yrs
  • Marc Garrett (57yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: €105.84k
  • Liat Ben-Zur (43yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: €90.84k

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: €8.731b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UMIC.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
NVJPDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
UMIENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
0RUYLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
UMIBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
UMIWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
97432052ENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
UMIBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
UMI NBMV (Bolsa Mexicana de Valores)YesBearer SharesMXMXNJan 1992
UMIC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDMar 2010

Biography

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; statio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:36
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.