Umicore (ENXTBR:UMI) - Share price, News & Analysis

UMI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	4/6

UMI Stock Overview

Umicore SA operates as a materials technology and recycling company worldwide.

Rewards

Earnings grew by 374.2% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 2.7% per year for the next 3 years

Unstable dividend track record

Volatile share price over the past 3 months

Umicore Competitors

Honeywell International

NasdaqGS:HON

US$129.2b

Glencore

LSE:GLEN

UK£64.9b

L'Air Liquide

ENXTPA:AI

€75.5b

Sherwin-Williams

NYSE:SHW

US$66.8b

Price History & Performance

Summary of all time highs, changes and price drops for Umicore
Historical stock prices
Current Share Price	€40.42
52 Week High	€60.08
52 Week Low	€31.67
Beta	1.13
1 Month Change	8.37%
3 Month Change	14.25%
1 Year Change	-19.90%
3 Year Change	48.33%
5 Year Change	33.64%
Change since IPO	675.88%

Recent News & Updates

Apr 25

Should You Be Adding Umicore (EBR:UMI) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Apr 12

Umicore (EBR:UMI) Is Experiencing Growth In Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Shareholder Returns

	UMI	BE Chemicals	BE Market
7D	0.9%	-0.9%	-1.5%
1Y	-19.9%	-17.1%	-4.5%

Return vs Industry: UMI underperformed the Belgian Chemicals industry which returned -17.1% over the past year.

Return vs Market: UMI underperformed the Belgian Market which returned -4.5% over the past year.

Price Volatility

Is UMI's price volatile compared to industry and market?
UMI volatility
UMI Average Weekly Movement	7.0%
Chemicals Industry Average Movement	5.8%
Market Average Movement	5.1%
10% most volatile stocks in BE Market	7.9%
10% least volatile stocks in BE Market	3.2%

Stable Share Price: UMI is more volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: UMI's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Belgian stocks.

About the Company

Founded	Employees	CEO	Website
1805	11,050	Mathias Miedreich	https://www.umicore.com

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 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 use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

Umicore Fundamentals Summary

How do Umicore's earnings and revenue compare to its market cap?
UMI fundamental statistics
Market Cap	€9.76b
Earnings (TTM)	€618.96m
Revenue (TTM)	€24.07b

15.7x

P/E Ratio

0.4x

P/S Ratio

Is UMI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
UMI income statement (TTM)
Revenue	€24.07b
Cost of Revenue	€22.50b
Gross Profit	€1.57b
Other Expenses	€950.57m
Earnings	€618.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 29, 2022

Earnings per share (EPS)	2.58
Gross Margin	6.52%
Net Profit Margin	2.57%
Debt/Equity Ratio	66.1%

How did UMI perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

31%

Payout Ratio

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

15.68x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: UMI (€40.42) is trading above our estimate of fair value (€16.7)

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 (15.7x) compared to the Belgian Chemicals industry average (7.6x).

PE vs Market: UMI is poor value based on its PE Ratio (15.7x) compared to the Belgian market (11.7x).

Price to Earnings Growth Ratio

PEG Ratio: UMI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: UMI is overvalued based on its PB Ratio (3.1x) compared to the BE Chemicals industry average (2.3x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-2.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UMI's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: UMI's earnings are forecast to decline over the next 3 years (-2.7% per year).

High Growth Earnings: UMI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UMI's revenue is expected to decline over the next 3 years (-45.7% per year).

High Growth Revenue: UMI's revenue is forecast to decline over the next 3 years (-45.7% 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 (12.5%).

Past Performance

How has Umicore performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

16.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UMI has high quality earnings.

Growing Profit Margin: UMI's current net profit margins (2.6%) are higher than last year (0.6%).

Past Earnings Growth Analysis

Earnings Trend: UMI's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: UMI's earnings growth over the past year (374.2%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: UMI earnings growth over the past year (374.2%) exceeded the Chemicals industry 53.1%.

Return on Equity

High ROE: UMI's Return on Equity (19.8%) is considered low.

Financial Health

How is Umicore's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: UMI's short term assets (€5.9B) exceed its short term liabilities (€3.5B).

Long Term Liabilities: UMI's short term assets (€5.9B) exceed its long term liabilities (€2.4B).

Debt to Equity History and Analysis

Debt Level: UMI's net debt to equity ratio (28.3%) is considered satisfactory.

Reducing Debt: UMI's debt to equity ratio has increased from 23.2% to 66.1% over the past 5 years.

Debt Coverage: UMI's debt is well covered by operating cash flow (60.2%).

Interest Coverage: UMI's interest payments on its debt are well covered by EBIT (18.1x coverage).

Balance Sheet

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.98%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UMI's dividend (1.98%) is higher than the bottom 25% of dividend payers in the Belgian market (1.77%).

High Dividend: UMI's dividend (1.98%) is low compared to the top 25% of dividend payers in the Belgian market (5.82%).

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.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.1%), UMI's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22.8%), UMI's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure

CEO

Mathias Miedreich (46 yo)

1.33yrs

Tenure

€1,338,312

Compensation

Mr. Mathias Miedreich has been Member of Management Board of Umicore SA since 2021 and also serves as the Chief Executive Officer and Chairman of Management Board since October 01, 2021. He has been Execut...

CEO Compensation Analysis

Compensation vs Market: Mathias's total compensation ($USD1.43M) is below average for companies of similar size in the Belgian market ($USD2.19M).

Compensation vs Earnings: Insufficient data to compare Mathias's compensation with company performance.

Leadership Team

Experienced Management: UMI's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: UMI's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31