Evonik Industries Future Growth
Future criteria checks 2/6
Evonik Industries is forecast to grow earnings and revenue by 17.2% and 2% per annum respectively. EPS is expected to grow by 17.5% per annum. Return on equity is forecast to be 8.8% in 3 years.
Key information
17.2%
Earnings growth rate
17.51%
EPS growth rate
| Chemicals earnings growth | 42.0% |
| Revenue growth rate | 2.0% |
| Future return on equity | 8.80% |
| Analyst coverage | Good |
| Last updated | 22 Apr 2026 |
Recent future growth updates
Recent updates
EVK: Recent Upgrades And Dividend Support May Drive Medium Term Re Rating
Analysts have lifted their price targets on Evonik Industries by up to €2.40, reflecting updated views on slightly higher long term revenue growth and profit margins, alongside a modestly reduced discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Evonik Industries has leaned clearly positive, with a cluster of upgrades and price target moves that underline improving confidence in the company’s long term fundamentals and valuation support.EVK: Recent Upgrades And Margin Outlook Will Support Medium-Term Re Rating Potential
Analysts have revised the fair value estimate for Evonik Industries from €19.90 to €20.40, reflecting updated views on revenue growth, profit margins and the P/E multiple following a series of recent upgrades and price target increases across the Street. Analyst Commentary Recent Street research shows a cluster of positive calls on Evonik Industries, with several bullish analysts adjusting their views and price targets in quick succession.
EVK: Recent Rating Shifts And Earnings Execution Will Drive Future Share Performance
Analysts have lifted the fair value estimate for Evonik Industries from about €14.60 to roughly €16.16, reflecting updated assumptions on growth and profitability in the wake of several recent upgrades and price target increases across the Street. Analyst Commentary Recent research on Evonik Industries shows a mix of optimism and caution, with several upgrades and price target lifts set against earlier downgrades that focused on execution risks and earnings visibility.EVK: Margin Resilience And Lower Discount Rate Will Support Medium-Term Re Rating Potential
The analyst price target for Evonik Industries has been adjusted slightly higher to €19.90 from €19.77 as analysts factor in a modestly lower discount rate, slightly stronger margin assumptions, and a continued cautious view on revenue growth and future P/E. Analyst Commentary Recent Street research on Evonik Industries shows a mix of views, with some firms turning more cautious while others see improving risk reward.
EVK: Weaker Pricing Power Will Limit Earnings Delivery Despite Mixed Broker Views
Analysts have raised their fair value estimate for Evonik Industries from €11.60 to €12.20, citing updated assumptions on revenue growth, the discount rate and future P/E that broadly reflect recent mixed Street research, including higher price targets and rating changes. Analyst Commentary Recent Street research on Evonik Industries has been mixed, with some firms turning more constructive and others flagging ongoing execution and earnings risks.EVK: Cost Discipline And Higher Future P/E Will Support Medium-Term Upside Potential
Analysts have trimmed their fair value estimate for Evonik Industries from about €20.40 to roughly €19.77. This reflects updated assumptions on growth, margins and a higher future P/E, against a backdrop of mixed recent research where some firms raised price targets and upgraded the shares, while others turned more cautious or moved to Sell.EVK: Weaker Pricing Power Will Drive Lower Future Earnings Expectations
Analysts have trimmed their price expectations for Evonik Industries to around €11.60 per share, reflecting more cautious assumptions on revenue growth, profit margins and future P/E multiples following several recent downgrades and target cuts. Analyst Commentary Recent research points to a more cautious stance on Evonik Industries, with several bearish analysts trimming ratings and price targets and highlighting a mix of execution and earnings risks over the next few years.Evonik Industries AG (ETR:EVK) Not Flying Under The Radar
Feb 06
EVK: Sector Caution And Margin Execution Will Shape Future Upside Potential
Analysts have trimmed their fair value estimate for Evonik Industries from €15.68 to €14.60, reflecting a softer view on revenue growth and profit margins, alongside recent sector downgrades and lower price targets from several banks. Analyst Commentary Recent Street research on Evonik Industries has tilted more cautious, with several firms cutting ratings or price targets and focusing on execution risks around pricing, volumes and sector positioning.EVK: Pricing And Volume Execution Risk Will Pressure Future Earnings
Analysts have cut their implied fair value for Evonik Industries from €17.50 to €11.60. This reflects a series of recent downgrades and lower price targets as they question the company’s ability to protect pricing and grow volumes in line with earlier expectations.EVK: Cost Discipline And Specialty Focus Will Support Medium-Term Upside Potential
Evonik Industries’ latest narrative update reflects a lowered analyst price target to EUR 20.40 from EUR 25.00, as analysts factor in softer revenue growth, slightly compressed profit margins, and a reduced future P/E multiple amid a more cautious sector stance. Analyst Commentary Recent Street research on Evonik Industries reflects a more nuanced view, with a mix of cautious sector positioning and selective optimism on the company’s ability to execute amid a tougher macro backdrop.EVK: Margin Resilience And Efficiency Measures Will Drive Future Upside Potential
The analyst price target for Evonik Industries has been revised modestly lower, from approximately EUR 16.14 to EUR 15.68. Analysts are factoring in softer revenue growth, slightly lower profit margins, and a more cautious sector stance, despite some institutions maintaining positive ratings.Evonik Industries (ETR:EVK) Has A Somewhat Strained Balance Sheet
Dec 04EVK: Sector Challenges Will Be Overcome By Advancing Delivery Platform Collaboration
Evonik Industries’ analyst price target has been reduced from approximately €18.12 to €16.14. Analysts point to a more cautious outlook on the company’s prospects, citing a series of sector downgrades and lowered revenue growth expectations.EVK: Resilience And New Partnerships Will Drive Improved Revenue Outlook
Evonik Industries' analyst price target has been reduced slightly, with the updated consensus reflecting a minor decline of approximately EUR 0.25. Analysts cite ongoing cyclical and structural headwinds impacting earnings expectations.Evonik Industries AG's (ETR:EVK) Earnings Haven't Escaped The Attention Of Investors
Oct 30Analyst Views Mixed as Evonik Faces Softer Outlook Amid Valuation Adjustments and Strategic Moves
Evonik Industries' analyst price target has decreased modestly, dropping by approximately EUR 0.38 to EUR 18.37. Analysts cite increased caution due to reduced revenue growth expectations and ongoing earnings headwinds.Singapore And Slovakia Facilities And EU Incentives Will Shape Sustainability
Evonik Industries’ analyst price target has been reduced from €19.88 to €18.75 as analysts cite increased downside risks to earnings from both cyclical and structural factors. Analyst Commentary Recent analyst activity reflects a mixed outlook on Evonik Industries, with both optimistic and cautious perspectives shaping the current consensus on the stock's valuation and prospects.Singapore And Slovakia Facilities And EU Incentives Will Shape Sustainability
Evonik Industries' consensus price target has been reduced from €20.49 to €19.88 as analysts factor in increased downside risks to earnings, moderating growth expectations, persistent margin concerns, and industry headwinds, prompting greater near-term caution. Analyst Commentary Bearish analysts highlight increased downside risks to earnings estimates due to both cyclical and structural pressures facing the company.Investors Met With Slowing Returns on Capital At Evonik Industries (ETR:EVK)
Sep 13Singapore And Slovakia Facilities And EU Incentives Will Shape Sustainability
With both the Future P/E and Discount Rate remaining essentially stable, analysts have maintained Evonik Industries' fair value unchanged at €20.49. Valuation Changes Summary of Valuation Changes for Evonik Industries The Consensus Analyst Price Target remained effectively unchanged, at €20.49.At €16.68, Is It Time To Put Evonik Industries AG (ETR:EVK) On Your Watch List?
Aug 28Investors Still Waiting For A Pull Back In Evonik Industries AG (ETR:EVK)
Jul 11Evonik Industries (ETR:EVK) Seems To Use Debt Quite Sensibly
Jun 26Evonik Industries' (ETR:EVK) Returns Have Hit A Wall
Jun 11Why Evonik Industries' (ETR:EVK) Earnings Are Better Than They Seem
May 19Results: Evonik Industries AG Beat Earnings Expectations And Analysts Now Have New Forecasts
May 15
Innovative Strategies And Cost Efficiency To Drive Exciting Growth In Emerging Sectors
Strategic realignment and cost-saving initiatives are expected to enhance focus on high-growth areas, reducing costs and improving net margins.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 14,933 | 582 | 767 | 1,631 | 8 |
| 12/31/2027 | 14,529 | 505 | 778 | 1,571 | 13 |
| 12/31/2026 | 14,400 | 413 | 741 | 1,472 | 13 |
| 12/31/2025 | 14,069 | 265 | 695 | 1,443 | N/A |
| 9/30/2025 | 14,265 | 94 | 456 | 1,269 | N/A |
| 6/30/2025 | 14,707 | 423 | 513 | 1,325 | N/A |
| 3/31/2025 | 15,138 | 299 | 941 | 1,720 | N/A |
| 12/31/2024 | 15,157 | 222 | 873 | 1,713 | N/A |
| 9/30/2024 | 15,163 | 229 | 1,216 | 1,978 | N/A |
| 6/30/2024 | 15,102 | -90 | 1,328 | 2,072 | N/A |
| 3/31/2024 | 15,058 | -356 | 907 | 1,745 | N/A |
| 12/31/2023 | 15,267 | -465 | 801 | 1,594 | N/A |
| 9/30/2023 | 16,002 | -604 | 889 | 1,789 | N/A |
| 6/30/2023 | 17,109 | -295 | 708 | 1,675 | N/A |
| 3/31/2023 | 17,995 | 272 | 673 | 1,568 | N/A |
| 12/31/2022 | 18,488 | 539 | 785 | 1,650 | N/A |
| 9/30/2022 | 18,238 | 926 | 174 | 1,100 | N/A |
| 6/30/2022 | 17,231 | 944 | 410 | 1,284 | N/A |
| 3/31/2022 | 16,095 | 869 | 750 | 1,630 | N/A |
| 12/31/2021 | 14,955 | 748 | 929 | 1,815 | N/A |
| 9/30/2021 | 14,078 | 724 | 1,196 | 2,086 | N/A |
| 6/30/2021 | 13,124 | 642 | 984 | 1,920 | N/A |
| 3/31/2021 | 12,314 | 546 | 970 | 1,924 | N/A |
| 12/31/2020 | 12,199 | 489 | 771 | 1,727 | N/A |
| 9/30/2020 | 12,270 | 614 | 573 | 1,482 | N/A |
| 6/30/2020 | 12,585 | 617 | 507 | 1,403 | N/A |
| 3/31/2020 | 13,065 | 679 | 370 | 1,259 | N/A |
| 12/31/2019 | 13,108 | 753 | 441 | 1,321 | N/A |
| 9/30/2019 | 13,084 | 506 | N/A | 1,517 | N/A |
| 6/30/2019 | 13,199 | 624 | N/A | 1,619 | N/A |
| 3/31/2019 | 13,306 | 673 | N/A | 1,826 | N/A |
| 12/31/2018 | 13,267 | 686 | N/A | 1,760 | N/A |
| 9/30/2018 | 13,580 | 841 | N/A | 1,708 | N/A |
| 6/30/2018 | 13,789 | 797 | N/A | 1,877 | N/A |
| 3/31/2018 | 13,994 | 788 | N/A | 1,567 | N/A |
| 12/31/2017 | 14,383 | 713 | N/A | 1,551 | N/A |
| 9/30/2017 | 14,015 | 723 | N/A | 1,667 | N/A |
| 6/30/2017 | 13,623 | 718 | N/A | 1,449 | N/A |
| 3/31/2017 | 13,262 | 656 | N/A | 1,708 | N/A |
| 12/31/2016 | 12,732 | 748 | N/A | 1,769 | N/A |
| 9/30/2016 | 12,725 | 758 | N/A | 1,774 | N/A |
| 6/30/2016 | 12,926 | 725 | N/A | 1,982 | N/A |
| 3/31/2016 | 13,188 | 981 | N/A | 1,863 | N/A |
| 12/31/2015 | 13,507 | 1,008 | N/A | 1,971 | N/A |
| 9/30/2015 | 13,535 | 1,027 | N/A | 1,776 | N/A |
| 6/30/2015 | 13,413 | 1,004 | N/A | 1,373 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVK's forecast earnings growth (17.2% per year) is above the savings rate (1.9%).
Earnings vs Market: EVK's earnings (17.2% per year) are forecast to grow faster than the German market (16.3% per year).
High Growth Earnings: EVK's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVK's revenue (2% per year) is forecast to grow slower than the German market (6.4% per year).
High Growth Revenue: EVK's revenue (2% 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 (8.8%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 17:26 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Evonik Industries AG is covered by 30 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anil Shenoy | Barclays |
| Andreas Heine | Barclays |
| Sebastian Bray | Berenberg |