Executive Summary
Evonik Industries AG engages in the specialty chemicals business. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
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
3.7%
EVK
3.0%
DE Chemicals
0.5%
DE Market
1 Year Return
30.3%
EVK
35.8%
DE Chemicals
21.5%
DE Market
Return vs Industry: EVK underperformed the German Chemicals industry which returned 35.9% over the past year.
Return vs Market: EVK exceeded the German Market which returned 21.5% over the past year.
Shareholder returns
| EVK | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 3.0% | 0.5% |
| 30 Day | 5.5% | 2.4% | -1.4% |
| 90 Day | 11.1% | 11.7% | 6.5% |
| 1 Year | 36.9%30.3% | 42.2%35.8% | 25.2%21.5% |
| 3 Year | 14.6%0.2% | -3.3%-13.9% | 14.7%4.7% |
| 5 Year | 38.7%12.2% | 44.4%20.6% | 45.1%24.5% |
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
6 days ago | Simply Wall St
Are Institutions Heavily Invested In Evonik Industries AG's (ETR:EVK) Shares?2 weeks ago | Simply Wall St
Evonik Industries AG's (ETR:EVK) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?1 month ago | Simply Wall St
An Intrinsic Calculation For Evonik Industries AG (ETR:EVK) Suggests It's 49% UndervaluedValuation
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 (€28.91) is trading below our estimate of fair value (€53.41)
Significantly Below Fair Value: EVK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EVK is good value based on its PE Ratio (22x) compared to the DE Chemicals industry average (23.3x).
PE vs Market: EVK is good value based on its PE Ratio (22x) compared to the German market (25.3x).
Price to Earnings Growth Ratio
PEG Ratio: EVK is poor value based on its PEG Ratio (1.2x)
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).
Next Steps
Future Growth
How is Evonik Industries forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
18.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EVK's forecast earnings growth (18.3% per year) is above the savings rate (0.07%).
Earnings vs Market: EVK's earnings (18.3% per year) are forecast to grow slower than the German market (22.1% per year).
High Growth Earnings: EVK's earnings are forecast to grow, but not significantly.
Revenue vs Market: EVK's revenue (4.3% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: EVK's revenue (4.3% 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 (10.9%).
Next Steps
Past Performance
How has Evonik Industries performed over the past 5 years?
-8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EVK has a large one-off loss of €228.0M impacting its December 31 2020 financial results.
Growing Profit Margin: EVK's current net profit margins (4%) are lower than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: EVK's earnings have declined by 8.1% 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 (-35%) over the past year, making it difficult to compare to the Chemicals industry average (-16.6%).
Return on Equity
High ROE: EVK's Return on Equity (6.2%) is considered low.
Next Steps
Financial Health
How is Evonik Industries's financial position?
Financial Position Analysis
Short Term Liabilities: EVK's short term assets (€5.0B) exceed its short term liabilities (€2.9B).
Long Term Liabilities: EVK's short term assets (€5.0B) do not cover its long term liabilities (€9.9B).
Debt to Equity History and Analysis
Debt Level: EVK's debt to equity ratio (46.7%) is considered high.
Reducing Debt: EVK's debt to equity ratio has increased from 22.2% to 46.7% over the past 5 years.
Debt Coverage: EVK's debt is well covered by operating cash flow (45.6%).
Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (8.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Evonik Industries's current dividend yield, its reliability and sustainability?
3.98%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: EVK's dividend (3.98%) is higher than the bottom 25% of dividend payers in the German market (0.98%).
High Dividend: EVK's dividend (3.98%) is in the top 25% of dividend payers in the German market (3.37%)
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: At its current payout ratio (87.5%), EVK's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EVK's dividends in 3 years are forecast to be covered by earnings (53.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Christian Kullmann (51 yo)
3.83yrs
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 Superv...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD5.96M) is about average for companies of similar size in the German market ($USD5.68M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Executive Board | 3.83yrs | €4.92m | no data | |
| Deputy Chairman of the Executive Board | 3.5yrs | €4.07m | no data | |
| CFO & Member of Executive Board | 7.42yrs | €2.71m | no data | |
| Chief Human Resource Officer | 9.5yrs | €2.85m | no data | |
| Head of Production and Technology | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Vice President M&A | no data | no data | no data | |
| Head of Corporate Communications | 4.83yrs | no data | no data | |
| Head of Supply Chain Management & Production and Head of Controlling Resource Efficiency | 11.83yrs | no data | no data | |
| Managing Director of Operations In Taiwan | no data | no data | no data | |
| Head of Business Line | 6.83yrs | no data | no data | |
| Head of Advanced Intermediates Business Unit | 6.75yrs | no data | no data |
6.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: EVK's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 13.25yrs | €198.00k | no data | |
| Independent Member of Supervisory Board | 4.83yrs | €153.00k | no data | |
| Independent Chairman of the Supervisory Board | 2.83yrs | €395.00k | no data | |
| Independent Member of Supervisory Board | 13.25yrs | €169.00k | no data | |
| Independent Member of Supervisory Board | 8yrs | €168.00k | no data | |
| Independent Member of Supervisory Board | 4.83yrs | €157.00k | no data | |
| Deputy Chairwoman of the Supervisory Board | 1.17yrs | €211.00k | no data | |
| Independent Member of Supervisory Board | 8yrs | €158.00k | no data | |
| Member of Supervisory Board | 6.83yrs | €160.00k | no data | |
| Independent Member of Supervisory Board | 6.67yrs | €136.00k | no data | |
| Member of Supervisory Board | 5.42yrs | €180.00k | no data | |
| Member of Supervisory Board | 4.83yrs | €143.00k | no data |
6.0yrs
Average Tenure
59yo
Average Age
Experienced Board: EVK's board of directors are considered experienced (6 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: €13.472b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EVK | DB (Deutsche Boerse AG) | Yes | Ordinary Registered Shares | DE | EUR | Apr 2013 |
| EVK | XTRA (XETRA Trading Platform) | Yes | Ordinary Registered Shares | DE | EUR | Apr 2013 |
| EVKD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Registered Shares | GB | EUR | Apr 2013 |
| 0QDS | LSE (London Stock Exchange) | Yes | Ordinary Registered Shares | GB | EUR | Apr 2013 |
| EVKI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Registered Shares | US | USD | Apr 2013 |
| EVK | WBAG (Wiener Boerse AG) | Yes | Ordinary Registered Shares | AT | EUR | Apr 2013 |
| EVK | SWX (SIX Swiss Exchange) | Yes | Ordinary Registered Shares | CH | CHF | Apr 2013 |
| EVK | BIT (Borsa Italiana) | Yes | Ordinary Registered Shares | IT | EUR | Apr 2013 |
| EVKI.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | May 2015 | |
| EVKA | DB (Deutsche Boerse AG) | UNSPONSORD ADR | DE | EUR | May 2015 |
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 | 2021/03/06 19:21 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| 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.