WACKER CHEMIE AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 100.3 EUR | -1.52% |
|
-8.53% | -12.25% |
| 04-26 | WACKER CHEMIE AG : Berenberg reiterates its Neutral rating | ZD |
| 04-25 | Wacker Chemie still cautious - analyst: light and shade in the quarter | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,360 | 5,800 | 6,538 | 5,932 | 5,678 | 4,983 | - | - |
| Enterprise Value (EV) 1 | 3,994 | 5,867 | 5,991 | 5,522 | 5,762 | 5,192 | 5,176 | 4,924 |
| P/E ratio | -5.23 x | 30.6 x | 8.1 x | 4.74 x | 18.1 x | 21.1 x | 12.3 x | 10.1 x |
| Yield | 0.74% | 1.71% | 6.08% | 10.1% | 2.62% | 2.38% | 3.99% | 4.66% |
| Capitalization / Revenue | 0.68 x | 1.24 x | 1.05 x | 0.72 x | 0.89 x | 0.8 x | 0.75 x | 0.72 x |
| EV / Revenue | 0.81 x | 1.25 x | 0.97 x | 0.67 x | 0.9 x | 0.84 x | 0.78 x | 0.71 x |
| EV / EBITDA | 5.1 x | 8.81 x | 3.89 x | 2.65 x | 7 x | 6.67 x | 4.96 x | 4.19 x |
| EV / FCF | 21 x | 9.07 x | 8.31 x | 9.54 x | 25.4 x | -293 x | 24.6 x | 13.7 x |
| FCF Yield | 4.75% | 11% | 12% | 10.5% | 3.93% | -0.34% | 4.07% | 7.32% |
| Price to Book | 1.71 x | 3.57 x | 2.17 x | 1.22 x | 1.29 x | 1.11 x | 1.04 x | 0.99 x |
| Nbr of stocks (in thousands) | 49,678 | 49,678 | 49,678 | 49,678 | 49,678 | 49,678 | - | - |
| Reference price 2 | 67.64 | 116.8 | 131.6 | 119.4 | 114.3 | 100.3 | 100.3 | 100.3 |
| Announcement Date | 17/03/20 | 16/03/21 | 15/03/22 | 14/03/23 | 15/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,928 | 4,692 | 6,208 | 8,209 | 6,402 | 6,201 | 6,638 | 6,949 |
| EBITDA 1 | 783.4 | 666.3 | 1,538 | 2,081 | 823.6 | 778.8 | 1,044 | 1,176 |
| EBIT 1 | -536.3 | 262.8 | 1,134 | 1,679 | 404.9 | 339.7 | 582.3 | 704.2 |
| Operating Margin | -10.88% | 5.6% | 18.27% | 20.45% | 6.32% | 5.48% | 8.77% | 10.13% |
| Earnings before Tax (EBT) 1 | -591.2 | 217.9 | 1,094 | 1,616 | 387 | 320.8 | 553 | 658.2 |
| Net income 1 | -642.6 | 189.2 | 806.9 | 1,251 | 313.6 | 236.5 | 406.6 | 508.2 |
| Net margin | -13.04% | 4.03% | 13% | 15.24% | 4.9% | 3.81% | 6.13% | 7.31% |
| EPS 2 | -12.94 | 3.810 | 16.24 | 25.18 | 6.310 | 4.749 | 8.150 | 9.943 |
| Free Cash Flow 1 | 189.9 | 647.2 | 720.6 | 578.7 | 226.7 | -17.7 | 210.5 | 360.3 |
| FCF margin | 3.85% | 13.79% | 11.61% | 7.05% | 3.54% | -0.29% | 3.17% | 5.19% |
| FCF Conversion (EBITDA) | 24.24% | 97.13% | 46.84% | 27.81% | 27.53% | - | 20.16% | 30.64% |
| FCF Conversion (Net income) | - | 342.07% | 89.3% | 46.26% | 72.29% | - | 51.77% | 70.9% |
| Dividend per Share 2 | 0.5000 | 2.000 | 8.000 | 12.00 | 3.000 | 2.390 | 3.998 | 4.677 |
| Announcement Date | 17/03/20 | 16/03/21 | 15/03/22 | 14/03/23 | 15/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 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 | 1,659 | 1,688 | 2,076 | 2,174 | 4,250 | 2,132 | 1,827 | 1,744 | 1,753 | 1,523 | 1,383 | 1,490 | 1,563 | 1,541 | 1,482 | - |
| EBITDA 1 | 433.7 | 531.8 | 643.7 | 625.8 | - | 457 | 354.8 | 281 | 255.5 | 151.9 | 135.2 | 172.1 | 156.6 | 185.2 | 327.6 | - |
| EBIT 1 | 342.6 | 403.1 | 549.5 | 528.5 | 1,078 | 351 | 250.1 | 178.1 | 152.5 | 48.9 | 25.4 | -64.6 | 40 | 71 | 207 | - |
| Operating Margin | 20.66% | 23.88% | 26.47% | 24.31% | 25.36% | 16.46% | 13.69% | 10.21% | 8.7% | 3.21% | 1.84% | -4.34% | 2.56% | 4.61% | 13.97% | - |
| Earnings before Tax (EBT) 1 | 332.1 | 393 | 530.8 | 508 | - | 332 | 245.8 | 172.1 | 144.3 | 41.7 | 28.9 | 61.9 | 39 | 70 | 206 | - |
| Net income 1 | 248.7 | 281.8 | 402.6 | 371.8 | 774.4 | 259 | 217.6 | 147.2 | 118.1 | 33.5 | 23.2 | 48.4 | 34.23 | 56.65 | 167.9 | - |
| Net margin | 14.99% | 16.69% | 19.39% | 17.1% | 18.22% | 12.15% | 11.91% | 8.44% | 6.74% | 2.2% | 1.68% | 3.25% | 2.19% | 3.68% | 11.33% | - |
| EPS 2 | 4.900 | 5.770 | 7.920 | 7.670 | 15.59 | 5.080 | 4.510 | 2.900 | 2.380 | 0.5600 | 0.4600 | 0.8900 | 0.6672 | 1.127 | 3.370 | - |
| Dividend per Share 2 | - | 8.000 | - | - | - | - | 12.00 | - | - | - | 3.000 | - | - | - | 2.836 | - |
| Announcement Date | 28/10/21 | 15/03/22 | 28/04/22 | 28/07/22 | 28/07/22 | 27/10/22 | 14/03/23 | 28/04/23 | 27/07/23 | 26/10/23 | 15/03/24 | 25/04/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 634 | 67.5 | - | - | 83.7 | 210 | 193 | - |
| Net Cash position 1 | - | - | 547 | 409 | - | - | - | 58.5 |
| Leverage (Debt/EBITDA) | 0.809 x | 0.1013 x | - | - | 0.1016 x | 0.2693 x | 0.185 x | - |
| Free Cash Flow 1 | 190 | 647 | 721 | 579 | 227 | -17.7 | 210 | 360 |
| ROE (net income / shareholders' equity) | -25.4% | 10.5% | 34.8% | 31.7% | 6.76% | 4.54% | 8.87% | 10.4% |
| ROA (Net income/ Total Assets) | 0.07% | 2.82% | 10.7% | 15.4% | 3.44% | 1.82% | 3.68% | 4.46% |
| Assets 1 | -892,376 | 6,721 | 7,541 | 8,134 | 9,128 | 13,023 | 11,049 | 11,397 |
| Book Value Per Share 2 | 39.60 | 32.70 | 60.80 | 97.90 | 88.90 | 90.70 | 96.00 | 101.0 |
| Cash Flow per Share 2 | 12.20 | 1.760 | 21.40 | 22.70 | 18.80 | 13.70 | 18.00 | 16.00 |
| Capex 1 | 415 | 224 | 344 | 547 | 710 | 624 | 586 | 556 |
| Capex / Sales | 8.42% | 4.77% | 5.54% | 6.66% | 11.08% | 10.07% | 8.83% | 8.01% |
| Announcement Date | 17/03/20 | 16/03/21 | 15/03/22 | 14/03/23 | 15/03/24 | - | - | - |
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
15
Last Close Price
100.3
EUR
Average target price
127
EUR
Spread / Average Target
+26.62%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.25% | 5.32B | |
| -1.62% | 19.88B | |
| +1.89% | 1.32B | |
| -5.86% | 1.14B | |
| +25.19% | 996M | |
| -22.65% | 688M | |
| -14.91% | 674M | |
| -17.53% | 277M | |
| -1.84% | 260M | |
| -12.55% | 253M |
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