EVONIK INDUSTRIES AG (EVK.DE) Stock Fundamental Analysis
FRA:EVK - Deutsche Boerse Ag - DE000EVNK013 - Common Stock - Currency: EUR
Overall EVK gets a fundamental rating of 5 out of 10. We evaluated EVK against 60 industry peers in the Chemicals industry. Both the profitability and the financial health of EVK get a neutral evaluation. Nothing too spectacular is happening here. EVK has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally EVK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
EVK had positive earnings in the past year.
EVK had a positive operating cash flow in the past year.
EVK had positive earnings in 4 of the past 5 years.
Each year in the past 5 years EVK had a positive operating cash flow.
1.2 Ratios
EVK has a Return On Assets (1.17%) which is comparable to the rest of the industry.
EVK's Return On Equity of 2.53% is in line compared to the rest of the industry. EVK outperforms 60.00% of its industry peers.
EVK has a Return On Invested Capital of 5.93%. This is in the better half of the industry: EVK outperforms 73.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EVK is below the industry average of 6.56%.
The last Return On Invested Capital (5.93%) for EVK is above the 3 year average (3.74%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.17% | ||
| ROE | 2.53% | ||
| ROIC | 5.93% |
ROA(3y)1.16%
ROA(5y)3.06%
ROE(3y)2.58%
ROE(5y)7.4%
ROIC(3y)3.74%
ROIC(5y)3.52%
1.3 Margins
EVK has a Profit Margin (1.50%) which is comparable to the rest of the industry.
EVK has a Operating Margin of 10.10%. This is in the better half of the industry: EVK outperforms 78.33% of its industry peers.
In the last couple of years the Operating Margin of EVK has declined.
The Gross Margin of EVK (29.80%) is comparable to the rest of the industry.
EVK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.1% | ||
| PM (TTM) | 1.5% | ||
| GM | 29.8% |
OM growth 3Y-16.96%
OM growth 5Y-16.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.68%
GM growth 5Y-5.91%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), EVK is creating some value.
EVK has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for EVK remains at a similar level compared to 5 years ago.
EVK has a worse debt/assets ratio than last year.
2.2 Solvency
EVK has an Altman-Z score of 2.23. This is not the best score and indicates that EVK is in the grey zone with still only limited risk for bankruptcy at the moment.
EVK has a Altman-Z score (2.23) which is in line with its industry peers.
The Debt to FCF ratio of EVK is 3.47, which is a good value as it means it would take EVK, 3.47 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of EVK (3.47) is better than 85.00% of its industry peers.
EVK has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of EVK (0.35) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.47 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.11
WACC5.35%
2.3 Liquidity
A Current Ratio of 1.39 indicates that EVK should not have too much problems paying its short term obligations.
The Current ratio of EVK (1.39) is worse than 68.33% of its industry peers.
EVK has a Quick Ratio of 1.39. This is a bad value and indicates that EVK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.74, EVK is doing worse than 81.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
EVK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.89%.
Measured over the past years, EVK shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.19% on average per year.
Looking at the last year, EVK shows a very negative growth in Revenue. The Revenue has decreased by -17.42% in the last year.
The Revenue has been growing slightly by 2.85% on average over the past years.
EPS 1Y (TTM)-64.89%
EPS 3Y-16.77%
EPS 5Y-22.19%
EPS Q2Q%223.08%
Revenue 1Y (TTM)-17.42%
Revenue growth 3Y7.76%
Revenue growth 5Y2.85%
Sales Q2Q%-0.17%
3.2 Future
Based on estimates for the next years, EVK will show a very strong growth in Earnings Per Share. The EPS will grow by 22.68% on average per year.
Based on estimates for the next years, EVK will show a small growth in Revenue. The Revenue will grow by 1.55% on average per year.
EPS Next Y99.13%
EPS Next 2Y44%
EPS Next 3Y32.95%
EPS Next 5Y22.68%
Revenue Next Year-2.24%
Revenue Next 2Y-0.72%
Revenue Next 3Y0.69%
Revenue Next 5Y1.55%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.84, EVK can be considered very expensive at the moment.
EVK's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.80. EVK is around the same levels.
With a Price/Forward Earnings ratio of 12.46, EVK is valued correctly.
Based on the Price/Forward Earnings ratio, EVK is valued cheaper than 83.33% of the companies in the same industry.
EVK's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.84 | ||
| Fwd PE | 12.46 |
4.2 Price Multiples
EVK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. EVK is cheaper than 93.33% of the companies in the same industry.
90.00% of the companies in the same industry are more expensive than EVK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.83 | ||
| EV/EBITDA | 4.98 |
4.3 Compensation for Growth
EVK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EVK's earnings are expected to grow with 32.95% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y44%
EPS Next 3Y32.95%
5. Dividend
5.1 Amount
EVK has a Yearly Dividend Yield of 5.54%, which is a nice return.
Compared to an average industry Dividend Yield of 2.99, EVK pays a better dividend. On top of this EVK pays more dividend than 95.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, EVK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
5.2 History
The dividend of EVK has a limited annual growth rate of 0.33%.
Dividend Growth(5Y)0.33%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
EVK pays out 239.04% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EVK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP239.04%
EPS Next 2Y44%
EPS Next 3Y32.95%
FRA:EVK (3/28/2025, 2:21:06 PM)
20.41
-0.12 (-0.58%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners32.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.51B
Analysts73.04
Price Target21.97 (7.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
Yearly Dividend1.17
Dividend Growth(5Y)0.33%
DP239.04%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.41%
Min Revenue beat(2)-2.91%
Max Revenue beat(2)-1.9%
Revenue beat(4)0
Avg Revenue beat(4)-4.43%
Min Revenue beat(4)-7.66%
Max Revenue beat(4)-1.9%
Revenue beat(8)0
Avg Revenue beat(8)-3.87%
Revenue beat(12)4
Avg Revenue beat(12)-0.19%
Revenue beat(16)8
Avg Revenue beat(16)0.94%
PT rev (1m)0%
PT rev (3m)-3.85%
EPS NQ rev (1m)9.22%
EPS NQ rev (3m)-17.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.22%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-1.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.84 | ||
| Fwd PE | 12.46 | ||
| P/S | 0.63 | ||
| P/FCF | 7.83 | ||
| P/OCF | 4.81 | ||
| P/B | 1.05 | ||
| P/tB | 2.64 | ||
| EV/EBITDA | 4.98 |
EPS(TTM)0.79
EY3.87%
EPS(NY)1.64
Fwd EY8.03%
FCF(TTM)2.61
FCFY12.77%
OCF(TTM)4.24
OCFY20.79%
SpS32.54
BVpS19.35
TBVpS7.73
PEG (NY)0.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.17% | ||
| ROE | 2.53% | ||
| ROCE | 9.89% | ||
| ROIC | 5.93% | ||
| ROICexc | 6.23% | ||
| ROICexgc | 9.86% | ||
| OM | 10.1% | ||
| PM (TTM) | 1.5% | ||
| GM | 29.8% | ||
| FCFM | 8.01% |
ROA(3y)1.16%
ROA(5y)3.06%
ROE(3y)2.58%
ROE(5y)7.4%
ROIC(3y)3.74%
ROIC(5y)3.52%
ROICexc(3y)3.99%
ROICexc(5y)3.82%
ROICexgc(3y)6.14%
ROICexgc(5y)5.88%
ROCE(3y)6.23%
ROCE(5y)5.9%
ROICexcg growth 3Y-5.5%
ROICexcg growth 5Y-13.15%
ROICexc growth 3Y-6.66%
ROICexc growth 5Y-12.84%
OM growth 3Y-16.96%
OM growth 5Y-16.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.68%
GM growth 5Y-5.91%
F-Score8
Asset Turnover0.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.47 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 73.98% | ||
| Cap/Sales | 5.03% | ||
| Interest Coverage | 15.31 | ||
| Cash Conversion | 77.2% | ||
| Profit Quality | 532.9% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 2.23 |
F-Score8
WACC5.35%
ROIC/WACC1.11
Cap/Depr(3y)59.99%
Cap/Depr(5y)72.66%
Cap/Sales(3y)5.25%
Cap/Sales(5y)6.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-64.89%
EPS 3Y-16.77%
EPS 5Y-22.19%
EPS Q2Q%223.08%
EPS Next Y99.13%
EPS Next 2Y44%
EPS Next 3Y32.95%
EPS Next 5Y22.68%
Revenue 1Y (TTM)-17.42%
Revenue growth 3Y7.76%
Revenue growth 5Y2.85%
Sales Q2Q%-0.17%
Revenue Next Year-2.24%
Revenue Next 2Y-0.72%
Revenue Next 3Y0.69%
Revenue Next 5Y1.55%
EBIT growth 1Y381.95%
EBIT growth 3Y-10.52%
EBIT growth 5Y-14.14%
EBIT Next Year291.62%
EBIT Next 3Y63.72%
EBIT Next 5Y36.04%
FCF growth 1Y519.9%
FCF growth 3Y1.28%
FCF growth 5Y-0.27%
OCF growth 1Y77.63%
OCF growth 3Y-2.64%
OCF growth 5Y-1.96%