(UMI) Umicore S.A. - BR
Sector: Industrials | Industry: Waste Management | Exchange: BR (Belgium) | Market Cap: 5.653m EUR | Total Return: 106.9% in 12m
Avg Turnover: 16.6M
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence, Tailwind, Pullback 52w
Umicore SA is a Belgian materials technology company specializing in the production of cathode materials for lithium-ion batteries, automotive catalysts, and the recycling of precious metals. The firm operates a circular business model, integrating the refining of cobalt and nickel with the recovery of specialty metals from complex waste streams. Its portfolio also includes germanium-based solutions for the space and optics sectors and precious metal compounds for pharmaceutical applications.
The specialty chemicals sector is currently driven by the global transition to electric vehicles, which has increased structural demand for high-nickel cathode chemistries. Umicore differentiates itself by maintaining one of the worlds largest precious metal recycling facilities, allowing it to source raw materials from end-of-life products rather than relying solely on primary mining. This vertical integration helps mitigate commodity price volatility and aligns with tightening environmental regulations regarding battery disposal.
Investors looking for deeper insights into the companys valuation and growth metrics may find further analysis on ValueRay useful. Founded in 1805 and headquartered in Brussels, the company serves diverse markets across Europe, Asia-Pacific, and North America.
- EV battery demand and cathode material pricing impact margins
- Precious metal price volatility drives recycling segment profitability
- European automotive catalyst volumes decline amid electrification shift
- Capital expenditure for North American expansion affects free cash flow
| Net Income: 384.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.99 > 1.0 |
| NWC/Revenue: 7.66% < 20% (prev 8.49%; Δ -0.83% < -1%) |
| CFO/TA 0.07 > 3% & CFO 620.5m > Net Income 384.5m |
| Net Debt (1.34b) to EBITDA (1.32b): 1.02 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (241.3m) vs 12m ago 0.38% < -2% |
| Gross Margin: 7.21% > 18% (prev 7.27%; Δ -0.06% > 0.5%) |
| Asset Turnover: 205.3% > 50% (prev 157.8%; Δ 47.51% > 0%) |
| Interest Coverage Ratio: 6.87 > 6 (EBIT TTM 1.03b / Interest Expense TTM 149.7m) |
| A: 0.16 (Total Current Assets 5.74b - Total Current Liabilities 4.25b) / Total Assets 9.46b |
| B: 0.14 (Retained Earnings 1.36b / Total Assets 9.46b) |
| C: 0.11 (EBIT TTM 1.03b / Avg Total Assets 9.44b) |
| D: 0.31 (Book Value of Equity 2.24b / Total Liabilities 7.18b) |
| Altman-Z'' = 2.56 = A |
| DSRI: 1.61 (Receivables 1.62b/770.8m, Revenue 19.4b/14.9b) |
| GMI: 1.01 (GM 7.27% / 7.21%) |
| AQI: 0.96 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.30 (Revenue 19.4b / 14.9b) |
| TATA: -0.02 (NI 384.5m - CFO 620.5m) / TA 9.46b) |
| Beneish M = -2.32 (Cap -4..+1) = BBB |
As of June 20, 2026, the stock is trading at EUR 22.82 with a total of 1,362,565 shares traded.
Over the past week, the price has changed by +8.61%,
over one month by -1.74%,
over three months by +46.33% and
over the past year by +106.93%.
Umicore S.A. has no consensus analysts rating.
P/E Trailing = 14.7799
P/E Forward = 16.2075
P/S = 0.2916
P/B = 2.5247
P/EG = 2.6249
Revenue TTM = 19.4b EUR
EBIT TTM = 1.03b EUR
EBITDA TTM = 1.32b EUR
Long Term Debt = 2.21b EUR (from longTermDebt, last quarter)
Short Term Debt = 597.2m EUR (from shortTermDebt, last quarter)
Debt = 2.90b EUR (from shortLongTermDebtTotal, last quarter) + Leases 61.2m
Net Debt = 1.34b EUR (calculated: Debt 2.90b - CCE 1.56b)
Enterprise Value = 7.00b EUR (5.65b + Debt 2.90b - CCE 1.56b)
Interest Coverage Ratio = 6.87 (Ebit TTM 1.03b / Interest Expense TTM 149.7m)
EV/FCF = 15.97x (Enterprise Value 7.00b / FCF TTM 438.1m)
FCF Yield = 6.26% (FCF TTM 438.1m / Enterprise Value 7.00b)
FCF Margin = 2.26% (FCF TTM 438.1m / Revenue TTM 19.4b)
Net Margin = 1.98% (Net Income TTM 384.5m / Revenue TTM 19.4b)
Gross Margin = 7.21% ((Revenue TTM 19.4b - Cost of Revenue TTM 18.0b) / Revenue TTM)
Gross Margin QoQ = 7.20% (prev 7.28%)
Tobins Q-Ratio = 0.74 (Enterprise Value 7.00b / Total Assets 9.46b)
Interest Expense / Debt = 5.16% (Interest Expense 149.7m / Debt 2.90b)
Taxrate = 49.53% (382.2m / 771.7m)
NOPAT = 518.8m (EBIT 1.03b * (1 - 49.53%))
Current Ratio = 1.35 (Total Current Assets 5.74b / Total Current Liabilities 4.25b)
Debt / Equity = 1.30 (Debt 2.90b / totalStockholderEquity, last quarter 2.24b)
Debt / EBITDA = 1.02 (Net Debt 1.34b / EBITDA 1.32b)
Debt / FCF = 3.07 (Net Debt 1.34b / FCF TTM 438.1m)
Total Stockholder Equity = 2.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.07% (Net Income 384.5m / Total Assets 9.46b)
RoE = 18.60% (Net Income TTM 384.5m / Total Stockholder Equity 2.07b)
RoCE = 24.03% (EBIT 1.03b / Capital Employed (Equity 2.07b + L.T.Debt 2.21b))
RoIC = 10.73% (NOPAT 518.8m / Invested Capital 4.84b)
WACC = 7.53% (E(5.65b)/V(8.56b) * Re(10.06%) + D(2.90b)/V(8.56b) * Rd(5.16%) * (1-Tc(0.50)))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.11 | Cagr: -0.12%
[DCF] Terminal Value 77.97% ; FCFF base≈399.9m ; Y1≈458.5m ; Y5≈674.7m
[DCF] Fair Price = 36.62 (EV 10.2b - Net Debt 1.34b = Equity 8.81b / Shares 240.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -47.21 | Revenue CAGR: -10.41% | SUE: 3.34 | # QB: 1
EPS current Year (2026-12-31): EPS=1.61 | Chg30d=N/A | Revisions=+67% | GrowthEPS=+33.8% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=N/A | Revisions=+69% | GrowthEPS=+7.0% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: +69%