BIT:EVK

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Evonik Industries

Executive Summary

Evonik Industries AG engages in the specialty chemicals business. More Details


Snowflake Analysis

Good value with proven track record.


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 Italian stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

-0.9%

EVK

-1.8%

IT Chemicals

-2.2%

IT Market


1 Year Return

0.6%

EVK

12.0%

IT Chemicals

-11.1%

IT Market

Return vs Industry: EVK underperformed the Italian Chemicals industry which returned 12% over the past year.

Return vs Market: EVK exceeded the Italian Market which returned -11.2% over the past year.


Shareholder returns

EVKIndustryMarket
7 Day-0.9%-1.8%-2.2%
30 Day1.3%2.2%0.5%
90 Day18.5%6.3%13.3%
1 Year5.6%0.6%15.7%12.0%-8.3%-11.1%
3 Year-0.1%-12.5%10.7%-0.1%-3.9%-14.0%
5 Yearn/a69.0%43.1%25.4%-9.3%

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

No news available

Valuation

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

44.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVK (€27.1) is trading below our estimate of fair value (€48.49)

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 (20.5x) compared to the XE Chemicals industry average (24.1x).

PE vs Market: EVK is poor value based on its PE Ratio (20.5x) compared to the Italian market (20.2x).


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 (1.5x) compared to the XE Chemicals industry average (2.1x).


Next Steps

Future Growth

How is Evonik Industries forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

16.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVK's forecast earnings growth (16.6% per year) is above the savings rate (1.9%).

Earnings vs Market: EVK's earnings (16.6% per year) are forecast to grow slower than the Italian market (21.6% per year).

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

Revenue vs Market: EVK's revenue (4.4% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: EVK's revenue (4.4% 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 (10.7%).


Next Steps

Past Performance

How has Evonik Industries performed over the past 5 years?

-8.2%

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%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: EVK's earnings have declined by 8.2% per year over the past 5 years.

Accelerating Growth: EVK's earnings growth over the past year (20.7%) exceeds its 5-year average (-8.2% per year).

Earnings vs Industry: EVK earnings growth over the past year (20.7%) exceeded the Chemicals industry -12%.


Return on Equity

High ROE: EVK's Return on Equity (7.5%) 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 (€5.7B) exceed its short term liabilities (€3.3B).

Long Term Liabilities: EVK's short term assets (€5.7B) do not cover its long term liabilities (€9.6B).


Debt to Equity History and Analysis

Debt Level: EVK's debt to equity ratio (45.2%) is considered high.

Reducing Debt: EVK's debt to equity ratio has increased from 23.4% to 45.2% over the past 5 years.

Debt Coverage: EVK's debt is well covered by operating cash flow (39.2%).

Interest Coverage: EVK's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


Next Steps

Dividend

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

4.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EVK's dividend (4.27%) is higher than the bottom 25% of dividend payers in the Italian market (1.43%).

High Dividend: EVK's dividend (4.27%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).


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?

6.6yrs

Average management tenure


CEO

Christian Kullmann (51 yo)

3.67yrs

Tenure

€4,902,000

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 ($USD5.93M) is about average for companies of similar size in the Italian market ($USD6.50M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christian Kullmann
CEO & Chairman of the Executive Board3.67yrs€4.90mno data
Harald Schwager
Deputy Chairman of the Executive Board3.33yrs€4.02mno data
Ute Wolf
CFO & Member of Executive Board7.25yrs€2.70mno data
Thomas Wessel
Chief Human Resource Officer9.33yrs€2.85mno data
Wilfried Ostendorf
Head of Production and Technologyno datano datano data
Tim Lange
Head of Investor Relationsno datano datano data
Thomas Mahlstedt
Vice President M&Ano datano datano data
Christian Schmid
Head of Corporate Communications4.67yrsno datano data
Matthias Creutz
Head of Supply Chain Management & Production and Head of Controlling Resource Efficiency11.67yrsno datano data
Gerard Berote
Managing Director of Operations In Taiwanno datano datano data
Norbert Westerholt
Head of Business Line6.67yrsno datano data
Gregor Hetzke
Head of Advanced Intermediates Business Unit6.58yrsno datano data

6.6yrs

Average Tenure

54.5yo

Average Age

Experienced Management: EVK's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siegfried Luther
Independent Member of Supervisory Board13.08yrs€200.00kno data
Ulrich Weber
Independent Member of Supervisory Board4.67yrs€153.00kno data
Bernd Tönjes
Independent Chairman of the Supervisory Board2.67yrs€392.00kno data
Volker Trautz
Independent Member of Supervisory Board13.08yrs€168.00kno data
Michael Rüdiger
Independent Member of Supervisory Board7.83yrs€169.00kno data
Angela Titzrath
Independent Member of Supervisory Board4.67yrs€156.00kno data
Karin Erhard
Deputy Chairwoman of the Supervisory Board1yr€170.00kno data
Barbara Grunewald
Independent Member of Supervisory Board7.83yrs€160.00kno data
Frank Löllgen
Member of Supervisory Board6.67yrs€164.00kno data
Barbara Albert
Independent Member of Supervisory Board6.5yrs€136.00kno data
Martin Albers
Member of Supervisory Board5.25yrs€179.00kno data
Anke Strüber-Hummelt
Member of Supervisory Board4.67yrs€144.00kno data

5.9yrs

Average Tenure

59yo

Average Age

Experienced Board: EVK's board of directors are considered experienced (5.9 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Evonik Industries AG
  • Ticker: EVK
  • Exchange: BIT
  • Founded:
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: €12.536b
  • Shares outstanding: 465.16m
  • Website: https://corporate.evonik.com/en/

Number of Employees


Location

  • Evonik Industries AG
  • Rellinghauser Strasse 1-11
  • Essen
  • North Rhine-Westphalia
  • 45128
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVKDB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEURApr 2013
EVKXTRA (XETRA Trading Platform)YesOrdinary Registered SharesDEEURApr 2013
EVKDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEURApr 2013
0QDSLSE (London Stock Exchange)YesOrdinary Registered SharesGBEURApr 2013
EVKI.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDApr 2013
EVKWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEURApr 2013
EVKSWX (SIX Swiss Exchange)YesOrdinary Registered SharesCHCHFApr 2013
EVKBIT (Borsa Italiana)YesOrdinary Registered SharesITEURApr 2013
EVKI.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMay 2015
EVKADB (Deutsche Boerse AG)UNSPONSORD ADRDEEURMay 2015

Biography

Evonik Industries AG engages in the specialty chemicals business. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 21:06
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.