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Umicore SAENXTBR:UMI Stock Report

Market Cap €4.0b
Share Price
€16.48
My Fair Value
€14.02
17.5% overvalued intrinsic discount
1Y48.2%
7D8.9%
Portfolio Value
​
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Umicore SA

ENXTBR:UMI Stock Report

Market Cap: €4.0b

Umicore (UMI) Stock Overview

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa. More details

UMI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends1/6

Rewards

Earnings are forecast to grow 20.92% per year

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 3.03% is not well covered by earnings or free cash flows

Large one-off items impacting financial results


UMI Community Fair Values

Create Narrative

See what 41 others think this stock is worth. Follow their fair value or set your own to get alerts.

UMI logo
Umicore

Cost-saving Measures And IONWAY Investment Will Secure Future Success

Key Takeaways Strategic cost-saving measures and operational efficiency focus aim to improve net margins and enhance long-term earnings despite near-term cash flow impacts. Global footprint and market hedging efforts stabilize cash flows, positioning Umicore for growth in emerging markets amid volatile conditions.
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€14.02
FV
21.0% overvalued intrinsic discount
-38.31%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
20users have followed this narrative
UMI logo
Umicore

Accelerating EV Adoption And Circular Economy Will Spark Expansion

Key Takeaways Structural cost reductions and cultural transformation are set to drive lasting margin and earnings outperformance beyond what is currently anticipated. Industry-leading contracts, innovative recycling, and broad technological partnerships position Umicore for resilient, high-margin growth amid accelerating demand for sustainable materials.
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€19.42
FV
12.6% undervalued intrinsic discount
-43.75%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
UMI logo
Umicore

Automakers Shifting To LFP Will Damage Cathode Margins

Key Takeaways The move to lithium iron phosphate batteries and rising global competition threaten Umicore's cathode and recycling business margins and revenue growth. Heavy capital investments amid slow contract ramp-up create risks of negative free cash flow and further margin pressure if demand and pricing disappoint.
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€10
FV
69.7% overvalued intrinsic discount
-45.96%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Umicore SA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Umicore
Historical stock prices
Current Share Price€16.48
52 Week High€17.35
52 Week Low€7.28
Beta0.79
1 Month Change25.23%
3 Month Change12.11%
1 Year Change48.20%
3 Year Change-47.11%
5 Year Change-55.56%
Change since IPO216.34%

Recent News & Updates

Umicore SA's (EBR:UMI) 25% Price Boost Is Out Of Tune With Revenues

Oct 12
Umicore SA's (EBR:UMI) 25% Price Boost Is Out Of Tune With Revenues

Investors Shouldn't Overlook Umicore's (EBR:UMI) Impressive Returns On Capital

Aug 25
Investors Shouldn't Overlook Umicore's (EBR:UMI) Impressive Returns On Capital

Statutory Profit Doesn't Reflect How Good Umicore's (EBR:UMI) Earnings Are

Aug 09
Statutory Profit Doesn't Reflect How Good Umicore's (EBR:UMI) Earnings Are

Recent updates

Umicore SA's (EBR:UMI) 25% Price Boost Is Out Of Tune With Revenues

Oct 12
Umicore SA's (EBR:UMI) 25% Price Boost Is Out Of Tune With Revenues

Investors Shouldn't Overlook Umicore's (EBR:UMI) Impressive Returns On Capital

Aug 25
Investors Shouldn't Overlook Umicore's (EBR:UMI) Impressive Returns On Capital

Statutory Profit Doesn't Reflect How Good Umicore's (EBR:UMI) Earnings Are

Aug 09
Statutory Profit Doesn't Reflect How Good Umicore's (EBR:UMI) Earnings Are

Revenues Not Telling The Story For Umicore SA (EBR:UMI) After Shares Rise 28%

Jul 24
Revenues Not Telling The Story For Umicore SA (EBR:UMI) After Shares Rise 28%

Is Umicore (EBR:UMI) Using Too Much Debt?

May 19
Is Umicore (EBR:UMI) Using Too Much Debt?
User avatar

Cost-saving Measures And IONWAY Investment Will Secure Future Success

Strategic cost-saving measures and operational efficiency focus aim to improve net margins and enhance long-term earnings despite near-term cash flow impacts.

There's No Escaping Umicore SA's (EBR:UMI) Muted Revenues

Apr 17
There's No Escaping Umicore SA's (EBR:UMI) Muted Revenues

Umicore (EBR:UMI) Has Announced A Dividend Of €0.175

Mar 22
Umicore (EBR:UMI) Has Announced A Dividend Of €0.175

Umicore's (EBR:UMI) Dividend Will Be €0.175

Feb 21
Umicore's (EBR:UMI) Dividend Will Be €0.175

Umicore SA's (EBR:UMI) Revenues Are Not Doing Enough For Some Investors

Jan 07
Umicore SA's (EBR:UMI) Revenues Are Not Doing Enough For Some Investors

Returns On Capital At Umicore (EBR:UMI) Paint A Concerning Picture

Dec 09
Returns On Capital At Umicore (EBR:UMI) Paint A Concerning Picture

Umicore SA's (EBR:UMI) Price Is Right But Growth Is Lacking

Oct 09
Umicore SA's (EBR:UMI) Price Is Right But Growth Is Lacking

Estimating The Fair Value Of Umicore SA (EBR:UMI)

Sep 17
Estimating The Fair Value Of Umicore SA (EBR:UMI)

Is There Now An Opportunity In Umicore SA (EBR:UMI)?

Sep 02
Is There Now An Opportunity In Umicore SA (EBR:UMI)?

Umicore (EBR:UMI) Could Be Struggling To Allocate Capital

Jul 28
Umicore (EBR:UMI) Could Be Struggling To Allocate Capital

Benign Growth For Umicore SA (EBR:UMI) Underpins Stock's 25% Plummet

Jun 07
Benign Growth For Umicore SA (EBR:UMI) Underpins Stock's 25% Plummet

Is Umicore (EBR:UMI) A Risky Investment?

May 26
Is Umicore (EBR:UMI) A Risky Investment?

Why Umicore SA (EBR:UMI) Could Be Worth Watching

May 10
Why Umicore SA (EBR:UMI) Could Be Worth Watching

Umicore (EBR:UMI) Has Announced A Dividend Of €0.385

Apr 25
Umicore (EBR:UMI) Has Announced A Dividend Of €0.385

What Is Umicore SA's (EBR:UMI) Share Price Doing?

Jan 05
What Is Umicore SA's (EBR:UMI) Share Price Doing?

Umicore SA's (EBR:UMI) Share Price Not Quite Adding Up

Dec 20
Umicore SA's (EBR:UMI) Share Price Not Quite Adding Up

Here's Why Umicore (EBR:UMI) Can Manage Its Debt Responsibly

Dec 05
Here's Why Umicore (EBR:UMI) Can Manage Its Debt Responsibly

Here's What To Make Of Umicore's (EBR:UMI) Decelerating Rates Of Return

Nov 05
Here's What To Make Of Umicore's (EBR:UMI) Decelerating Rates Of Return

Is There Now An Opportunity In Umicore SA (EBR:UMI)?

Sep 20
Is There Now An Opportunity In Umicore SA (EBR:UMI)?

We Think Umicore (EBR:UMI) Can Stay On Top Of Its Debt

Sep 02
We Think Umicore (EBR:UMI) Can Stay On Top Of Its Debt

Umicore (EBR:UMI) Is Paying Out A Dividend Of €0.175

Jul 31
Umicore (EBR:UMI) Is Paying Out A Dividend Of €0.175

Returns At Umicore (EBR:UMI) Are On The Way Up

Jul 16
Returns At Umicore (EBR:UMI) Are On The Way Up

At €27.49, Is Umicore SA (EBR:UMI) Worth Looking At Closely?

May 28
At €27.49, Is Umicore SA (EBR:UMI) Worth Looking At Closely?

Is Umicore (EBR:UMI) A Risky Investment?

Apr 23
Is Umicore (EBR:UMI) A Risky Investment?

Umicore (EBR:UMI) Is Paying Out A Dividend Of €0.385

Apr 05
Umicore (EBR:UMI) Is Paying Out A Dividend Of €0.385

Returns On Capital Are Showing Encouraging Signs At Umicore (EBR:UMI)

Mar 12
Returns On Capital Are Showing Encouraging Signs At Umicore (EBR:UMI)

Umicore (EBR:UMI) Has Affirmed Its Dividend Of €0.385

Feb 19
Umicore (EBR:UMI) Has Affirmed Its Dividend Of €0.385

What Does Umicore SA's (EBR:UMI) Share Price Indicate?

Feb 13
What Does Umicore SA's (EBR:UMI) Share Price Indicate?

Does Umicore (EBR:UMI) Deserve A Spot On Your Watchlist?

Jan 07
Does Umicore (EBR:UMI) Deserve A Spot On Your Watchlist?

Does Umicore (EBR:UMI) Have A Healthy Balance Sheet?

Dec 04
Does Umicore (EBR:UMI) Have A Healthy Balance Sheet?

Umicore (EBR:UMI) Has Some Way To Go To Become A Multi-Bagger

Nov 01
Umicore (EBR:UMI) Has Some Way To Go To Become A Multi-Bagger

At €30.13, Is Umicore SA (EBR:UMI) Worth Looking At Closely?

Oct 01
At €30.13, Is Umicore SA (EBR:UMI) Worth Looking At Closely?

Does Umicore (EBR:UMI) Have A Healthy Balance Sheet?

Sep 01
Does Umicore (EBR:UMI) Have A Healthy Balance Sheet?

Shareholder Returns

UMIBE ChemicalsBE Market
7D8.9%-0.4%0.4%
1Y48.2%-6.6%7.6%

Return vs Industry: UMI exceeded the Belgian Chemicals industry which returned -6.6% over the past year.

Return vs Market: UMI exceeded the Belgian Market which returned 7.6% over the past year.

Price Volatility

Is UMI's price volatile compared to industry and market?
UMI volatility
UMI Average Weekly Movement4.5%
Chemicals Industry Average Movement3.0%
Market Average Movement3.4%
10% most volatile stocks in BE Market6.7%
10% least volatile stocks in BE Market1.9%

Stable Share Price: UMI has not had significant price volatility in the past 3 months compared to the Belgian market.

Volatility Over Time: UMI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
180511,410Bart Sapwww.umicore.com

Umicore SA operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Battery Material, Catalysis, Recycling, and Specialty Materials segments. The Battery Material segment develops, manufactures, and markets cathode materials and its precursors for lithium-ion batteries, as well as related refining activities of cobalt and nickel chemicals.

Umicore SA Fundamentals Summary

How do Umicore's earnings and revenue compare to its market cap?
UMI fundamental statistics
Market cap€3.96b
Earnings (TTM)€128.82m
Revenue (TTM)€16.12b
30.8x
P/E Ratio
0.2x
P/S Ratio

Is UMI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UMI income statement (TTM)
Revenue€16.12b
Cost of Revenue€14.85b
Gross Profit€1.26b
Other Expenses€1.14b
Earnings€128.82m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Feb 20, 2026

Earnings per share (EPS)0.54
Gross Margin7.84%
Net Profit Margin0.80%
Debt/Equity Ratio142.5%

How did UMI perform over the long term?

See historical performance and comparison

Dividends

3.0%
Current Dividend Yield
93%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/12 20:51
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Umicore SA is covered by 43 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mutlu GundoganABN AMRO Bank N.V.
Martin SchneeAlphaValue
James StewartBarclays