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WCH

Wacker ChemieXTRA:WCH Stock Report

Market Cap

€7.5b

7D

-2.6%

1Y

67.9%

Updated

23 Oct, 2021

Data

Company Financials +
WCH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

WCH Overview

Wacker Chemie AG provides chemical products worldwide.

Wacker Chemie Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wacker Chemie
Historical stock prices
Current Share Price€150.40
52 Week High€79.00
52 Week Low€162.40
Beta1.72
1 Month Change-1.67%
3 Month Change22.08%
1 Year Change67.93%
3 Year Change94.07%
5 Year Change86.30%
Change since IPO54.26%

Recent News & Updates

Sep 16
There's Been No Shortage Of Growth Recently For Wacker Chemie's (ETR:WCH) Returns On Capital

There's Been No Shortage Of Growth Recently For Wacker Chemie's (ETR:WCH) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Aug 26
We Think Wacker Chemie (ETR:WCH) Can Manage Its Debt With Ease

We Think Wacker Chemie (ETR:WCH) Can Manage Its Debt With Ease

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

Aug 08
At €129, Is Wacker Chemie AG (ETR:WCH) Worth Looking At Closely?

At €129, Is Wacker Chemie AG (ETR:WCH) Worth Looking At Closely?

Wacker Chemie AG ( ETR:WCH ), is not the largest company out there, but it saw significant share price movement during...

Shareholder Returns

WCHDE ChemicalsDE Market
7D-2.6%-1.7%0.3%
1Y67.9%20.7%24.6%

Return vs Industry: WCH exceeded the German Chemicals industry which returned 20.7% over the past year.

Return vs Market: WCH exceeded the German Market which returned 24.5% over the past year.

Price Volatility

Is WCH's price volatile compared to industry and market?
WCH volatility
WCH Beta1.72
Industry Beta1.3
Market Beta1

Stable Share Price: WCH is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WCH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191414,345Christian Hartelhttps://www.wacker.com

Wacker Chemie AG provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silicas for use in construction, electronics, automotive, personal care, paint, and coating solutions.

Wacker Chemie Fundamentals Summary

How do Wacker Chemie's earnings and revenue compare to its market cap?
WCH fundamental statistics
Market Cap€7.47b
Earnings (TTM)€396.80m
Revenue (TTM)€5.28b

18.8x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WCH income statement (TTM)
Revenue€5.28b
Cost of Revenue€4.10b
Gross Profit€1.19b
Expenses€790.50m
Earnings€396.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)7.99
Gross Margin22.47%
Net Profit Margin7.51%
Debt/Equity Ratio56.0%

How did WCH perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

25%

Payout Ratio

Valuation

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

18.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WCH (€150.4) is trading above our estimate of fair value (€149.92)

Significantly Below Fair Value: WCH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WCH's PE Ratio (18.8x) is in line with the German Chemicals industry average.

PE vs Market: WCH is good value based on its PE Ratio (18.8x) compared to the German market (22.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WCH is overvalued based on its PB Ratio (3.4x) compared to the DE Chemicals industry average (2.1x).


Future Growth

How is Wacker Chemie forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-42.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WCH's earnings are forecast to decline over the next 3 years (-42.4% per year).

Earnings vs Market: WCH's earnings are forecast to decline over the next 3 years (-42.4% per year).

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

Revenue vs Market: WCH's revenue (0.9% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: WCH's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WCH's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has Wacker Chemie performed over the past 5 years?

-27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WCH has high quality earnings.

Growing Profit Margin: WCH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WCH's earnings have declined by 27.3% per year over the past 5 years.

Accelerating Growth: WCH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WCH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (49.1%).


Return on Equity

High ROE: WCH's Return on Equity (18.1%) is considered low.


Financial Health

How is Wacker Chemie's financial position?


Financial Position Analysis

Short Term Liabilities: WCH's short term assets (€4.1B) exceed its short term liabilities (€1.4B).

Long Term Liabilities: WCH's short term assets (€4.1B) exceed its long term liabilities (€3.7B).


Debt to Equity History and Analysis

Debt Level: WCH's debt to equity ratio (56%) is considered high.

Reducing Debt: WCH's debt to equity ratio has reduced from 76.2% to 56% over the past 5 years.

Debt Coverage: WCH's debt is well covered by operating cash flow (85.7%).

Interest Coverage: WCH earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Wacker Chemie current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WCH's dividend (1.33%) is higher than the bottom 25% of dividend payers in the German market (1%).

High Dividend: WCH's dividend (1.33%) is low compared to the top 25% of dividend payers in the German market (3.22%).


Stability and Growth of Payments

Stable Dividend: WCH's dividend payments have been volatile in the past 10 years.

Growing Dividend: WCH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25%), WCH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WCH's dividends in 3 years are forecast to be well covered by earnings (41.1% payout ratio).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Christian Hartel (50 yo)

0.42

Tenure

€1,645,858

Compensation

Dr. Christian Hartel has been Member of Executive Board at Wacker Chemie AG since November 1, 2015, President and Chief Executive Officer since May 12, 2021 and served as its President of Wacker Silicones...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD1.91M) is about average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WCH's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: WCH's board of directors are seasoned and experienced ( 13.4 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

Wacker Chemie AG's employee growth, exchange listings and data sources


Key Information

  • Name: Wacker Chemie AG
  • Ticker: WCH
  • Exchange: XTRA
  • Founded: 1914
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: €7.472b
  • Shares outstanding: 49.68m
  • Website: https://www.wacker.com

Number of Employees


Location

  • Wacker Chemie AG
  • Hanns-Seidel-Platz 4
  • Munich
  • Bavaria
  • 81737
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 18:00
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
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.