EVONIK INDUSTRIES AG (EVK.DE) Stock Fundamental Analysis
FRA:EVK - Deutsche Boerse Ag - DE000EVNK013 - Common Stock - Currency: EUR
EVK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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 bad growth rate and is valued cheaply. EVK also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year EVK was profitable.
In the past year EVK had a positive cash flow from operations.
EVK had positive earnings in 4 of the past 5 years.
In the past 5 years EVK always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.17%, EVK perfoms like the industry average, outperforming 52.63% of the companies in the same industry.
EVK's Return On Equity of 2.53% is in line compared to the rest of the industry. EVK outperforms 52.63% 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 68.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EVK is below the industry average of 6.58%.
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
The Profit Margin of EVK (1.50%) is comparable to the rest of the industry.
EVK has a better Operating Margin (10.10%) than 77.19% of its industry peers.
EVK's Operating Margin has declined in the last couple of years.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EVK is still creating some value.
Compared to 1 year ago, EVK has about the same amount of shares outstanding.
Compared to 5 years ago, EVK has about the same amount of shares outstanding.
EVK has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.16 indicates that EVK is not a great score, but indicates only limited risk for bankruptcy at the moment.
EVK has a Altman-Z score (2.16) which is in line with its industry peers.
EVK has a debt to FCF ratio of 3.47. This is a good value and a sign of high solvency as EVK would need 3.47 years to pay back of all of its debts.
The Debt to FCF ratio of EVK (3.47) is better than 87.72% 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.
EVK's Debt to Equity ratio of 0.35 is fine compared to the rest of the industry. EVK outperforms 64.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.47 | ||
| Altman-Z | 2.16 |
ROIC/WACC1.18
WACC5.01%
2.3 Liquidity
A Current Ratio of 1.39 indicates that EVK should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.39, EVK is doing worse than 77.19% of the companies in the same industry.
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.
EVK has a Quick ratio of 0.74. This is amonst the worse of the industry: EVK underperforms 89.47% of its industry peers.
| 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.
The Revenue has decreased by -5.24% in the past 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%41.46%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y7.76%
Revenue growth 5Y2.85%
Sales Q2Q%1.62%
3.2 Future
EVK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.08% yearly.
The Revenue is expected to grow by 1.32% on average over the next years.
EPS Next Y98.92%
EPS Next 2Y43.97%
EPS Next 3Y32.98%
EPS Next 5Y20.08%
Revenue Next Year-2.24%
Revenue Next 2Y-0.72%
Revenue Next 3Y0.69%
Revenue Next 5Y1.32%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.87 indicates a rather expensive valuation of EVK.
Based on the Price/Earnings ratio, EVK is valued a bit cheaper than 63.16% of the companies in the same industry.
When comparing the Price/Earnings ratio of EVK to the average of the S&P500 Index (28.47), we can say EVK is valued inline with the index average.
A Price/Forward Earnings ratio of 11.03 indicates a reasonable valuation of EVK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EVK indicates a rather cheap valuation: EVK is cheaper than 84.21% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, EVK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 11.03 |
4.2 Price Multiples
89.47% of the companies in the same industry are more expensive than EVK, based on the Enterprise Value to EBITDA ratio.
EVK's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EVK is cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.93 | ||
| EV/EBITDA | 4.54 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
EVK's earnings are expected to grow with 32.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y43.97%
EPS Next 3Y32.98%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.40%, EVK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.94, EVK pays a better dividend. On top of this EVK pays more dividend than 91.23% of the companies listed in the same industry.
EVK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.4% |
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
239.04% of the earnings are spent on dividend by EVK. This is not a sustainable payout ratio.
EVK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP239.04%
EPS Next 2Y43.97%
EPS Next 3Y32.98%
EVONIK INDUSTRIES AG
FRA:EVK (2/5/2025, 9:45:00 AM)
18.07
-0.01 (-0.06%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners29.77%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap8.42B
Analysts74.78
Price Target21.97 (21.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.4% |
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)-0.97%
PT rev (3m)-7.08%
EPS NQ rev (1m)-26.78%
EPS NQ rev (3m)-30.7%
EPS NY rev (1m)-1.32%
EPS NY rev (3m)6.46%
Revenue NQ rev (1m)-0.78%
Revenue NQ rev (3m)-2.49%
Revenue NY rev (1m)-1.13%
Revenue NY rev (3m)-1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 11.03 | ||
| P/S | 0.56 | ||
| P/FCF | 6.93 | ||
| P/OCF | 4.26 | ||
| P/B | 0.93 | ||
| P/tB | 2.34 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)0.79
EY4.37%
EPS(NY)1.64
Fwd EY9.06%
FCF(TTM)2.61
FCFY14.43%
OCF(TTM)4.24
OCFY23.48%
SpS32.54
BVpS19.35
TBVpS7.73
PEG (NY)0.23
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 | 2.16 |
F-Score8
WACC5.01%
ROIC/WACC1.18
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%41.46%
EPS Next Y98.92%
EPS Next 2Y43.97%
EPS Next 3Y32.98%
EPS Next 5Y20.08%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y7.76%
Revenue growth 5Y2.85%
Sales Q2Q%1.62%
Revenue Next Year-2.24%
Revenue Next 2Y-0.72%
Revenue Next 3Y0.69%
Revenue Next 5Y1.32%
EBIT growth 1Y381.95%
EBIT growth 3Y-10.52%
EBIT growth 5Y-14.14%
EBIT Next Year291.62%
EBIT Next 3Y63.72%
EBIT Next 5Y36.12%
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%