OTCPK:WKCM.F

Stock Analysis Report

Executive Summary

Wacker Chemie AG provides chemical products worldwide.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Wacker Chemie's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WKCM.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

31.8%

WKCM.F

7.9%

US Chemicals

7.2%

US Market


1 Year Return

-41.9%

WKCM.F

-30.0%

US Chemicals

-10.4%

US Market

Return vs Industry: WKCM.F underperformed the US Chemicals industry which returned -30% over the past year.

Return vs Market: WKCM.F underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

WKCM.FIndustryMarket
7 Day31.8%7.9%7.2%
30 Day-29.1%-15.0%-12.6%
90 Day-34.0%-28.0%-19.4%
1 Year-41.9%-41.9%-20.1%-30.0%-8.5%-10.4%
3 Year-53.7%-53.7%-5.5%-23.8%15.8%8.3%
5 Year-58.3%-58.3%5.4%-17.7%35.8%21.0%

Price Volatility Vs. Market

How volatile is Wacker Chemie's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WKCM.F ($50.14) is trading below our estimate of fair value ($119.33)

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


Price To Earnings Ratio

PE vs Industry: WKCM.F is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.

PE vs Market: WKCM.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WKCM.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WKCM.F is good value based on its PB Ratio (1.1x) compared to the US Chemicals industry average (1.4x).


Next Steps

Future Growth

How is Wacker Chemie forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

114.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WKCM.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: WKCM.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: WKCM.F's is expected to become profitable in the next 3 years.

Revenue vs Market: WKCM.F's revenue (2.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: WKCM.F's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WKCM.F's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has Wacker Chemie performed over the past 5 years?

-21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WKCM.F is currently unprofitable.

Growing Profit Margin: WKCM.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WKCM.F is unprofitable, and losses have increased over the past 5 years at a rate of -21.5% per year.

Accelerating Growth: Unable to compare WKCM.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WKCM.F is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-7.2%).


Return on Equity

High ROE: WKCM.F has a negative Return on Equity (-31.03%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wacker Chemie's financial position?


Financial Position Analysis

Short Term Liabilities: WKCM.F's short term assets (€2.3B) exceed its short term liabilities (€752.3M).

Long Term Liabilities: WKCM.F's short term assets (€2.3B) do not cover its long term liabilities (€3.7B).


Debt to Equity History and Analysis

Debt Level: WKCM.F's debt to equity ratio (55.3%) is considered high.

Reducing Debt: WKCM.F's debt to equity ratio has reduced from 80.8% to 55.3% over the past 5 years.


Balance Sheet

Inventory Level: WKCM.F has a high level of physical assets or inventory.

Debt Coverage by Assets: WKCM.F's debt is covered by short term assets (assets are 2.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: WKCM.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: WKCM.F has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WKCM.F's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: WKCM.F's dividend (1.17%) is low compared to the top 25% of dividend payers in the US market (5.4%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: WKCM.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: WKCM.F's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Rudolf Staudigl (65yo)

11.83s

Tenure

€1,956,464

Compensation

Dr. Rudolf Staudigl serves as Deputy chairman of the Supervisory Board of Groz-Beckert U.K. Ltd. Dr. Staudigl has been a Member of Executive Board at Wacker Chemie AG since 1995 and as its President and Ch ...


CEO Compensation Analysis

Compensation vs Market: Rudolf's total compensation ($USD2.16M) is below average for companies of similar size in the US market ($USD4.58M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rudolf Staudigl
CEO, President & Member of Executive Board11.83yrs€1.96mno data
Tobias Ohler
CFO & Member of the Executive Board4.25yrs€1.82mno data
Auguste Willems
Member of Executive Board14.17yrs€1.96mno data
Christian Hartel
Member of Executive Board4.25yrs€1.62mno data
Rainald Hagenhues
Head of Corproate Accounting & Taxno datano datano data
Jörg Hoffmann
Head of Investor Relationsno datano datano data
Goetz Neumann
Head of Legal Affairsno datano datano data
Jörg Hettmann
Head of Corporate Communicationsno datano datano data
Thomas Koini
Head of Sales & Distributionno datano datano data
Angela Wörl
Head of Human Resourceno datano datano data

8.0yrs

Average Tenure

55.5yo

Average Age

Experienced Management: WKCM.F's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ernst-Ludwig Winnacker
Member of Supervisory Board14.42yrsno datano data
Peter-Alexander Wacker
Chairman of Supervisory Board11.83yrsno datano data
Franz-Josef Kortüm
Member of Supervisory Boardno datano datano data
Eduard-Harald Klein
Employee Representative Member of Supervisory Board17.17yrsno datano data
Peter Áldozó
Employee Representative Member of Supervisory Boardno datano datano data
Manfred Köppl
Deputy Chairman of Supervisory Board3.17yrsno datano data
Susanne Weiss
Member of Supervisory Board11.83yrsno datano data
Matthias Biebl
Member of Supervisory Board11.83yrsno datano data
Konrad Kammergruber
Employee Representative Member of Supervisory Board8.17yrsno datano data
Gregor Biebl
Member of Supervisory Board6.83yrsno datano data

11.8yrs

Average Tenure

68.5yo

Average Age

Experienced Board: WKCM.F's board of directors are seasoned and experienced ( 11.8 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wacker Chemie AG
  • Ticker: WKCM.F
  • Exchange: OTCPK
  • Founded: 1914
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: €2.125b
  • Listing Market Cap: €2.345b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WCHDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2006
WKCM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2006
WCHXTRA (XETRA Trading Platform)YesCommon SharesDEEURApr 2006
0NR4LSE (London Stock Exchange)YesCommon SharesGBEURApr 2006
WCHDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURApr 2006
WCHSWX (SIX Swiss Exchange)YesCommon SharesCHCHFApr 2006
WCHWBAG (Wiener Boerse AG)YesCommon SharesATEURApr 2006
WCHETLX (Eurotlx)YesCommon SharesITEURApr 2006

Biography

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, paint, and adhesive solutions. The Wacker Polymers division provides binders and polymeric additives, such as dispersible polymer powder and vinyl acetate-ethylene dispersions, which are used in construction, paper, adhesive, paint, coating, and basic chemical industries. The Wacker Biosolutions division offers customized biotech and catalog products for fine chemicals, such as pharmaceutical proteins, cyclodextrins, cysteine, polyvinyl acetate solid resins, and acetylacetone for pharmaceutical actives, food additives, and agrochemicals. The Wacker Polysilicon division produces hyperpure polysilicon for use in semiconductor and solar sectors. The company was founded in 1914 and is headquartered in Munich, Germany. Wacker Chemie AG is a subsidiary of Dr. Alexander Wacker Familiengesellschaft mbH. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 03:14
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
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.