Executive Summary
Evonik Industries AG engages in the specialty chemicals business. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate balance sheet.
Similar Companies
Share Price & News
How has Evonik Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EVK is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: EVK's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
3.2%
EVK
3.7%
DE Chemicals
0.3%
DE Market
1 Year Return
34.3%
EVK
47.2%
DE Chemicals
35.8%
DE Market
Return vs Industry: EVK underperformed the German Chemicals industry which returned 47.3% over the past year.
Return vs Market: EVK underperformed the German Market which returned 35.8% over the past year.
Shareholder returns
| EVK | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 3.7% | 0.3% |
| 30 Day | 0.1% | 0.04% | -0.3% |
| 90 Day | 8.5% | 3.2% | 6.6% |
| 1 Year | 41.1%34.3% | 57.9%47.2% | 40.6%35.8% |
| 3 Year | 9.7%-4.0% | -2.2%-13.4% | 21.0%10.5% |
| 5 Year | 29.3%4.5% | 39.0%15.8% | 54.8%33.1% |
Long-Term Price Volatility Vs. Market
How volatile is Evonik Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
The Evonik Industries (ETR:EVK) Share Price Is Up 30% And Shareholders Are Holding On4 weeks ago | Simply Wall St
What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?1 month ago | Simply Wall St
Should You Buy Evonik Industries AG (ETR:EVK) For Its Dividend?Valuation
Is Evonik Industries undervalued compared to its fair value and its price relative to the market?
45.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EVK (€30.04) is trading below our estimate of fair value (€55.51)
Significantly Below Fair Value: EVK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EVK is poor value based on its PE Ratio (25.6x) compared to the DE Chemicals industry average (21.8x).
PE vs Market: EVK is good value based on its PE Ratio (25.6x) compared to the German market (26.6x).
Price to Earnings Growth Ratio
PEG Ratio: EVK is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: EVK is good value based on its PB Ratio (1.6x) compared to the DE Chemicals industry average (2x).
Future Growth
How is Evonik Industries forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
13.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVK's forecast earnings growth (13.7% per year) is above the savings rate (0.01%).
Earnings vs Market: EVK's earnings (13.7% per year) are forecast to grow slower than the German market (18% per year).
High Growth Earnings: EVK's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVK's revenue (3.6% per year) is forecast to grow slower than the German market (5.4% per year).
High Growth Revenue: EVK's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EVK's Return on Equity is forecast to be low in 3 years time (11.8%).
Past Performance
How has Evonik Industries performed over the past 5 years?
-7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVK has high quality earnings.
Growing Profit Margin: EVK's current net profit margins (4.4%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: EVK's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: EVK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EVK had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Chemicals industry average (14.9%).
Return on Equity
High ROE: EVK's Return on Equity (6.2%) is considered low.
Financial Health
How is Evonik Industries's financial position?
Financial Position Analysis
Short Term Liabilities: EVK's short term assets (€5.6B) exceed its short term liabilities (€3.4B).
Long Term Liabilities: EVK's short term assets (€5.6B) do not cover its long term liabilities (€9.1B).
Debt to Equity History and Analysis
Debt Level: EVK's debt to equity ratio (32.7%) is considered satisfactory.
Reducing Debt: EVK's debt to equity ratio has increased from 20.5% to 32.7% over the past 5 years.
Debt Coverage: EVK's debt is well covered by operating cash flow (65.5%).
Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
Dividend
What is Evonik Industries's current dividend yield, its reliability and sustainability?
3.83%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: EVK's dividend (3.83%) is higher than the bottom 25% of dividend payers in the German market (1.04%).
High Dividend: EVK's dividend (3.83%) is in the top 25% of dividend payers in the German market (3.19%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EVK has been paying a dividend for less than 10 years.
Growing Dividend: EVK's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98.2%), EVK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EVK's dividends in 3 years are forecast to be covered by earnings (52.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Christian Kullmann (51 yo)
4yrs
Tenure
€4,924,000
Compensation
Mr. Christian Kullmann has been Chairman of Executive Board and Chief Executive Officer of Evonik Industries AG since May 24, 2017 and May 23, 2017 respectively. He serves as Deputy Chairman of the Supervi...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD5.98M) is about average for companies of similar size in the German market ($USD5.38M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EVK's management team is seasoned and experienced (7 years average tenure).
Board Members
Experienced Board: EVK's board of directors are considered experienced (6.2 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
Evonik Industries AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Evonik Industries AG
- Ticker: EVK
- Exchange: XTRA
- Founded: NaN
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: €13.999b
- Shares outstanding: 466.00m
- Website: https://corporate.evonik.com/en/
Number of Employees
Location
- Evonik Industries AG
- Rellinghauser Strasse 1-11
- Essen
- North Rhine-Westphalia
- 45128
- Germany
Listings
Biography
Evonik Industries AG engages in the specialty chemicals business. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Services segments. The Specialty Add...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/09 19:47 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.