Evonik Industries AG

BATS-CHIXE:EVKD Stock Report

Market Cap: €8.9b

Evonik Industries Valuation

Is EVKD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EVKD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€42.42
Fair Value
55.2% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: EVKD (€19.02) is trading below our estimate of fair value (€42.42)

Significantly Below Fair Value: EVKD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EVKD?

Key metric: As EVKD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EVKD. This is calculated by dividing EVKD's market cap by their current earnings.
What is EVKD's PE Ratio?
PE Ratio38.7x
Earnings€229.00m
Market Cap€8.85b

Price to Earnings Ratio vs Peers

How does EVKD's PE Ratio compare to its peers?

The above table shows the PE ratio for EVKD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
CRDA Croda International
26.4x14.8%UK£4.3b
JMAT Johnson Matthey
4.5x-24.9%UK£2.4b
VCT Victrex
48.6x30.0%UK£836.5m
TET Treatt
17.1x10.3%UK£246.1m
EVKD Evonik Industries
38.7x33.0%€8.9b

Price-To-Earnings vs Peers: EVKD is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

How does EVKD's PE Ratio compare vs other companies in the European Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EVKD is expensive based on its Price-To-Earnings Ratio (38.7x) compared to the European Chemicals industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is EVKD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EVKD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EVKD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EVKD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.02
€21.35
+12.3%
14.0%€26.00€16.60n/a15
Feb ’26€18.18
€21.35
+17.4%
14.0%€26.00€16.60n/a15
Jan ’26€16.76
€21.48
+28.2%
13.4%€26.00€16.60n/a15
Dec ’25€17.32
€22.17
+28.1%
11.9%€26.00€16.60n/a15
Nov ’25€20.10
€22.96
+14.3%
9.6%€26.00€19.90n/a16
Oct ’25€21.01
€22.49
+7.1%
9.8%€26.00€19.00n/a16
Sep ’25n/a
€22.46
0%
9.9%€26.00€19.00n/a16
Aug ’25€18.99
€22.46
+18.3%
9.8%€26.00€19.00n/a16
Jul ’25n/a
€21.79
0%
10.6%€25.00€17.50n/a17
Jun ’25€19.98
€21.84
+9.3%
10.7%€25.00€17.50n/a18
May ’25€19.21
€20.70
+7.7%
13.0%€25.00€17.00n/a18
Apr ’25n/a
€20.22
0%
14.3%€25.00€17.00n/a18
Mar ’25n/a
€20.28
0%
14.8%€25.00€16.00n/a18
Feb ’25€17.36
€20.28
+16.8%
14.8%€25.00€16.00€18.1818
Jan ’25n/a
€20.49
0%
15.4%€26.00€16.00€16.7618
Dec ’24n/a
€20.64
0%
15.4%€26.00€16.00€17.3217
Nov ’24n/a
€20.28
0%
15.4%€26.00€16.50€20.1018
Oct ’24€17.42
€20.56
+18.0%
15.5%€26.00€16.50€21.0118
Sep ’24n/a
€20.32
0%
16.3%€26.00€15.00n/a19
Aug ’24n/a
€20.55
0%
15.3%€26.00€15.00€18.9919
Jul ’24€17.08
€21.82
+27.8%
16.3%€29.00€15.00n/a20
Jun ’24€17.72
€22.59
+27.5%
16.1%€29.00€15.00€19.9820
May ’24€19.24
€23.28
+21.0%
18.1%€31.00€15.00€19.2120
Apr ’24€19.20
€23.43
+22.0%
18.2%€31.00€15.00n/a20
Mar ’24€20.41
€23.44
+14.8%
18.9%€30.00€15.00n/a20
Feb ’24€20.25
€23.49
+16.0%
18.1%€30.00€15.00€17.3620
Analyst Price Target
Consensus Narrative from 15 Analysts
€21.36
Fair Value
11.0% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 14:02
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas HeineBarclays
Anil ShenoyBarclays
Sebastian BrayBerenberg