EVONIK INDUSTRIES AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.16 EUR | +0.82% |
|
-0.70% | +3.54% |
| Apr. 19 | Jefferies raises target for Evonik to €20 - 'Hold' | DP |
| Apr. 19 | EVONIK : Jefferies reaffirms its Neutral rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,661 | 12,410 | 13,267 | 8,358 | 8,621 | 8,926 | - | - |
| Enterprise Value (EV) 1 | 13,931 | 15,845 | 16,124 | 11,615 | 11,931 | 12,256 | 12,175 | 11,847 |
| P/E ratio | 6.02 x | 26.7 x | 17.8 x | 15.5 x | -18.5 x | 21.2 x | 15.2 x | 12.8 x |
| Yield | 4.23% | 4.31% | 4.11% | 6.52% | 6.32% | 6.12% | 6.18% | 6.21% |
| Capitalization / Revenue | 0.97 x | 1.02 x | 0.89 x | 0.45 x | 0.56 x | 0.58 x | 0.56 x | 0.55 x |
| EV / Revenue | 1.06 x | 1.3 x | 1.08 x | 0.63 x | 0.78 x | 0.8 x | 0.77 x | 0.73 x |
| EV / EBITDA | 6.47 x | 8.31 x | 6.77 x | 4.66 x | 7.2 x | 6.4 x | 5.72 x | 5.15 x |
| EV / FCF | 31.6 x | 20.6 x | 17 x | 14.8 x | 14.9 x | 17.7 x | 16.1 x | 13.8 x |
| FCF Yield | 3.17% | 4.87% | 5.89% | 6.76% | 6.71% | 5.64% | 6.21% | 7.27% |
| Price to Book | 1.41 x | 1.55 x | 1.43 x | 0.76 x | 0.97 x | 1.02 x | 0.99 x | 1 x |
| Nbr of stocks (in thousands) | 465,290 | 465,159 | 466,000 | 466,000 | 466,000 | 466,000 | - | - |
| Reference price 2 | 27.21 | 26.68 | 28.47 | 17.94 | 18.50 | 19.16 | 19.16 | 19.16 |
| Announcement Date | 3/4/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,108 | 12,199 | 14,955 | 18,488 | 15,267 | 15,401 | 15,901 | 16,338 |
| EBITDA 1 | 2,153 | 1,906 | 2,383 | 2,490 | 1,656 | 1,914 | 2,130 | 2,299 |
| EBIT 1 | 1,201 | 890 | 1,338 | 1,350 | 521 | 790.2 | 989.7 | 1,128 |
| Operating Margin | 9.16% | 7.3% | 8.95% | 7.3% | 3.41% | 5.13% | 6.22% | 6.9% |
| Earnings before Tax (EBT) 1 | 954 | 684 | 1,085 | 923 | -351 | 626.1 | 890 | 1,054 |
| Net income 1 | 2,106 | 465 | 746 | 540 | -465 | 412.3 | 599.9 | 716.5 |
| Net margin | 16.07% | 3.81% | 4.99% | 2.92% | -3.05% | 2.68% | 3.77% | 4.39% |
| EPS 2 | 4.520 | 1.000 | 1.600 | 1.160 | -1.000 | 0.9040 | 1.261 | 1.499 |
| Free Cash Flow 1 | 441 | 771 | 950 | 785 | 801 | 691.5 | 756.4 | 861.1 |
| FCF margin | 3.36% | 6.32% | 6.35% | 4.25% | 5.25% | 4.49% | 4.76% | 5.27% |
| FCF Conversion (EBITDA) | 20.48% | 40.45% | 39.87% | 31.53% | 48.37% | 36.12% | 35.51% | 37.45% |
| FCF Conversion (Net income) | 20.94% | 165.81% | 127.35% | 145.37% | - | 167.72% | 126.09% | 120.18% |
| Dividend per Share 2 | 1.150 | 1.150 | 1.170 | 1.170 | 1.170 | 1.172 | 1.183 | 1.190 |
| Announcement Date | 3/4/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,069 | 6,994 | 3,871 | 4,090 | 4,498 | 4,772 | 4,878 | 4,340 | 4,005 | 3,886 | 3,771 | 3,605 | 3,927 | 3,963 | 3,824 | 3,626 | - |
| EBITDA 1 | 970 | 1,237 | 645 | 502 | 735 | 728 | 615 | 413 | 409 | 450 | 485 | 312 | 449.2 | 469.3 | 528.2 | 450.2 | - |
| EBIT 1 | 475 | 734 | 387 | 217 | 472 | 456 | 342 | 80 | 130 | 157 | 202 | 32 | 167.3 | 185.9 | 241.5 | 169 | - |
| Operating Margin | 7.83% | 10.49% | 10% | 5.31% | 10.49% | 9.56% | 7.01% | 1.84% | 3.25% | 4.04% | 5.36% | 0.89% | 4.26% | 4.69% | 6.32% | 4.66% | - |
| Earnings before Tax (EBT) | - | - | 336 | 123 | 444 | 425 | 305 | -224 | 69 | -285 | -114 | -20 | - | - | - | - | - |
| Net income | - | 405 | 235 | 106 | 314 | 297 | 214 | -284 | 47 | -270 | -96 | -146 | - | - | - | - | - |
| Net margin | - | 5.79% | 6.07% | 2.59% | 6.98% | 6.22% | 4.39% | -6.54% | 1.17% | -6.95% | -2.55% | -4.05% | - | - | - | - | - |
| EPS 2 | - | - | 0.5000 | 0.2300 | 0.6700 | 0.6400 | 0.4600 | -0.6100 | 0.1000 | -0.5800 | -0.2100 | -0.3200 | 0.1676 | 0.2565 | 0.2385 | 0.0568 | - |
| Dividend per Share 2 | - | - | - | 1.170 | - | - | - | 1.170 | - | - | - | 1.170 | - | - | - | 1.170 | - |
| Announcement Date | 8/4/20 | 8/5/21 | 11/4/21 | 3/3/22 | 5/6/22 | 8/10/22 | 11/8/22 | 3/2/23 | 5/9/23 | 8/10/23 | 11/7/23 | 3/5/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,270 | 3,435 | 2,857 | 3,257 | 3,310 | 3,330 | 3,249 | 2,921 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5899 x | 1.802 x | 1.199 x | 1.308 x | 1.999 x | 1.739 x | 1.525 x | 1.271 x |
| Free Cash Flow 1 | 441 | 771 | 950 | 785 | 801 | 692 | 756 | 861 |
| ROE (net income / shareholders' equity) | 25.2% | 7.54% | 8.62% | 5.33% | 3.72% | 5.56% | 7.44% | 8.6% |
| ROA (Net income/ Total Assets) | 4.26% | 2.98% | 3.46% | 2.45% | -2.23% | 2.36% | 3.31% | 3.72% |
| Assets 1 | 49,390 | 15,592 | 21,591 | 22,047 | 20,875 | 17,481 | 18,142 | 19,238 |
| Book Value Per Share 2 | 19.30 | 17.20 | 19.90 | 23.50 | 19.10 | 18.70 | 19.30 | 19.20 |
| Cash Flow per Share 2 | 2.840 | 3.710 | 3.890 | 3.540 | 3.420 | 3.150 | 3.460 | 3.730 |
| Capex 1 | 880 | 956 | 865 | 865 | 793 | 790 | 849 | 862 |
| Capex / Sales | 6.71% | 7.84% | 5.78% | 4.68% | 5.19% | 5.13% | 5.34% | 5.27% |
| Announcement Date | 3/4/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
19.16
EUR
Average target price
20.7
EUR
Spread / Average Target
+8.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.54% | 9.53B | |
| +11.47% | 63.22B | |
| -3.47% | 46.34B | |
| +13.72% | 39.97B | |
| +17.83% | 25.46B | |
| +7.27% | 18.68B | |
| -0.57% | 17.24B | |
| -21.73% | 15.81B | |
| +0.22% | 14.9B | |
| -19.10% | 13.74B |
- Stock Market
- Equities
- EVK Stock
- Financials Evonik Industries AG
