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EVK

Evonik IndustriesXTRA:EVK Stock Report

Last Price

€28.96

Market Cap

€13.5b

7D

0.3%

1Y

7.7%

Updated

21 Jan, 2022

Data

Company Financials +
EVK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends4/6

EVK Stock Overview

Evonik Industries AG engages in the specialty chemicals business.

Evonik Industries Competitors

Symrise

XTRA:SY1

€16.7b

Covestro

XTRA:1COV

€10.2b

Exxon Mobil

NYSE:XOM

US$305.5b

Reliance Industries

NSEI:RELIANCE

₹15.7t

Price History & Performance

Summary of all time highs, changes and price drops for Evonik Industries
Historical stock prices
Current Share Price€28.96
52 Week High€31.00
52 Week Low€26.24
Beta1.35
1 Month Change3.65%
3 Month Change2.99%
1 Year Change7.70%
3 Year Change21.48%
5 Year Change-6.58%
Change since IPO-12.08%

Recent News & Updates

Dec 30
Evonik Industries (ETR:EVK) Has A Pretty Healthy Balance Sheet

Evonik Industries (ETR:EVK) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 04
What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?

What Is Evonik Industries AG's (ETR:EVK) Share Price Doing?

Evonik Industries AG ( ETR:EVK ) received a lot of attention from a substantial price movement on the XTRA over the...

Sep 30
Is Evonik Industries (ETR:EVK) Using Too Much Debt?

Is Evonik Industries (ETR:EVK) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

EVKDE ChemicalsDE Market
7D0.3%-1.3%-0.8%
1Y7.7%3.0%10.0%

Return vs Industry: EVK exceeded the German Chemicals industry which returned 3% over the past year.

Return vs Market: EVK underperformed the German Market which returned 10% over the past year.

Price Volatility

Is EVK's price volatile compared to industry and market?
EVK volatility
EVK Average Weekly Movement2.4%
Chemicals Industry Average Movement4.7%
Market Average Movement5.0%
10% most volatile stocks in DE Market9.7%
10% least volatile stocks in DE Market2.6%

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.

About the Company

FoundedEmployeesCEOWebsite
n/a32,891Christian Kullmannhttps://corporate.evonik.com/en/

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 Additives segment provides polyurethane additives, organically modified silicones, isophorones, epoxy curing agents, oil additives, fumed silicas, matting agents, TAA and TAA derivatives, and acetylenic diol-based surfactants for consumer goods and specialized industrial applications.

Evonik Industries Fundamentals Summary

How do Evonik Industries's earnings and revenue compare to its market cap?
EVK fundamental statistics
Market Cap€13.50b
Earnings (TTM)€724.00m
Revenue (TTM)€14.08b

18.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EVK income statement (TTM)
Revenue€14.08b
Cost of Revenue€10.12b
Gross Profit€3.96b
Expenses€3.23b
Earnings€724.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 03, 2022

Earnings per share (EPS)1.55
Gross Margin28.09%
Net Profit Margin5.14%
Debt/Equity Ratio41.8%

How did EVK perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

74%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVK (€28.96) is trading below our estimate of fair value (€79.11)

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 (18.6x) compared to the German Chemicals industry average (11.7x).

PE vs Market: EVK is good value based on its PE Ratio (18.6x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: EVK is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: EVK is good value based on its PB Ratio (1.5x) compared to the DE Chemicals industry average (2.2x).


Future Growth

How is Evonik Industries forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVK's forecast earnings growth (14.1% per year) is above the savings rate (-0.01%).

Earnings vs Market: EVK's earnings (14.1% per year) are forecast to grow faster than the German market (10.7% per year).

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

Revenue vs Market: EVK's revenue (3.7% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: EVK's revenue (3.7% 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 (11.7%).


Past Performance

How has Evonik Industries performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVK has high quality earnings.

Growing Profit Margin: EVK's current net profit margins (5.1%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: EVK's earnings have declined by 4.7% per year over the past 5 years.

Accelerating Growth: EVK's earnings growth over the past year (17.9%) exceeds its 5-year average (-4.7% per year).

Earnings vs Industry: EVK earnings growth over the past year (17.9%) underperformed the Chemicals industry 54.1%.


Return on Equity

High ROE: EVK's Return on Equity (8%) is considered low.


Financial Health

How is Evonik Industries's financial position?


Financial Position Analysis

Short Term Liabilities: EVK's short term assets (€5.9B) exceed its short term liabilities (€3.6B).

Long Term Liabilities: EVK's short term assets (€5.9B) do not cover its long term liabilities (€8.9B).


Debt to Equity History and Analysis

Debt Level: EVK's net debt to equity ratio (28.8%) is considered satisfactory.

Reducing Debt: EVK's debt to equity ratio has reduced from 53.6% to 41.8% over the past 5 years.

Debt Coverage: EVK's debt is well covered by operating cash flow (54%).

Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (12.4x coverage).


Balance Sheet


Dividend

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

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVK's dividend (3.97%) is higher than the bottom 25% of dividend payers in the German market (1%).

High Dividend: EVK's dividend (3.97%) is in the top 25% of dividend payers in the German market (3.33%)


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.9%), EVK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVK's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).


Next Steps

Management

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

7.6yrs

Average management tenure


CEO

Christian Kullmann (52 yo)

7.5yrs

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 served as Deputy Chairman of the Supervi...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD5.58M) is about average for companies of similar size in the German market ($USD5.07M).

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 (7.6 years average tenure).


Board Members

Experienced Board: EVK's board of directors are considered experienced (6.9 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 employee growth, exchange listings and data sources


Key Information

  • Name: Evonik Industries AG
  • Ticker: EVK
  • Exchange: XTRA
  • Founded: NaN
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: €13.495b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:21
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.