Solvay SA (SOLB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Solvay SA stock €14.02, price €24.36, that is 42.4% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €8.97 – €33.03 · fair‑value band €14.02 – €14.26 · the €24.36 price screens above the €14.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Solvay SA provides basic and performance chemicals worldwide.
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The company engages in the production of sodium carbonate or soda ash and its derivatives used by customers in glass for building, solar panels, glass containers, and packaging; in lithium-ion batteries for electric vehicles; and for detergents and chemicals, as well as sodium bicarbonate for food and animal feed, and flue gas treatment or healthcare applications.
It also offers hydrogen peroxide for use in bleaching, decontamination, disinfection, and antiseptic applications in the pulp and paper, textile, water, and food industries; and as an intermediate to produce propylene oxide and caprolactam chemicals, as well as used in semiconductors, photovoltaic, urban mining, and battery sectors.
In addition, the company provides precipitated silica, a component in applications in the tire, home and personal care, and feed and food industries; highly dispersible silica used in various tire parts; and oxygenated solvents and polyamides for use in paintings, hygiene, and home care applications, as well as for the production of phenol and derivatives used as intermediates to produce synthetic resins in foundries, construction, and abrasives.
Further, it produces fluorine and rare-earth formulations for automotive, electronics, and various chemical and industrial applications. The company was founded in 1863 and is headquartered in Brussels, Belgium.
Stock analysis
Solvay SA (SOLB) currently trades at €24.36, while our model-based Fair Value estimate is €14.02, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €54.93 per share, and 14 of the 25 models we run sit above the €24.36 price.
Bear case: the Growth Earnings group reads lowest at €3.99, and 11 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €14.02 (bear) to €14.26 (bull), the price of €24.36 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Solvay SA reported revenue of €4.7B in FY2025 versus €11.4B in FY2021, a compound −19.7%/yr. Reported net income was €30.0M in FY2025, compounding −57.8%/yr from FY2021.
Key figures
Market cap €2.6B Mid · P/E ratio 73.8 · P/S ratio 0.57 · EPS (TTM) €0.3300 · Dividend yield 10.0% · Net margin 0.8% · Return on equity 3.3% · Return on assets (EBIT) 7.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −42%, SOLB screens richer than that median.
Fair Value models
Bear€14.02Fair Value €14.02Bull€14.26
Price €24.36 · Downside -42.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF€36.16€57.35€87.4379
Growth DCF€37.63€57.42€84.3478
Residual Income€7.12€7.01€7.1376
All 25 models by family
DCF Models
FCF DCF€36.16€57.35€87.4379
Owner Earnings€10.06€19.88€33.8174
5Y Revenue Exit€30.71€51.85€77.6872
5Y EBITDA Exit€40.96€70.00€102.2774
5Y P/E Exit€7.27€10.32€13.0472
10Y Revenue Exit€31.09€50.31€73.7466
10Y EBITDA Exit€38.71€62.56€91.6068
10Y P/E Exit€17.68€22.30€26.8065
Earnings-Based
Graham-Dodd€1.95€4.46€5.7265
PEG = 1.0€0.7400€1.06€1.3857
EPV€21.37€27.02€31.9574
Dividend Discount
Gordon GGM€22.33€37.10€54.3967
DDM Multi-Stage€22.33€32.78€44.4166
Multiples
P/E Multiple€3.66€4.88€6.1063
P/S Multiple€3.66€4.88€6.1058
P/B Multiple€1.40€1.87€2.3355
EV/EBIT€33.71€50.15€66.6065
EV/EBITDA€48.61€70.02€91.4467
EV/Revenue€27.13€45.45€63.7852
Asset-Based
NCAV (Graham)€0.3100€0.4200€0.620054
Growth DCF
Growth DCF€37.63€57.42€84.3478
Rev-Margin DCF€30.71€52.44€75.6672
Economic Profit
Residual Income€7.12€7.01€7.1376
ROIC Compounder€22.61€30.61€39.4372
Growth Earnings
Growth-Adj P/E€2.79€3.99€5.1967
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−50.0%
Dividend (yield on the price)10.0%
Per share before 2015divided by the spin-off factor 1.064
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−50.0% vs −24.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −6.0% a year for the price and −3.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (78 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The rare earth separation facility supports output for EV and renewable magnets while low profitability and limited moat constrain the wider chemicals operations.
Main risk: Exploratory talks with OneIM on the rare earth business risk distracting focus from the established operations and broader chemicals portfolio.
Solvay operates one of the few rare earth separation facilities outside China at La Rochelle, now ramping up commercial output for permanent magnets used in EVs and renewables. Exploratory talks with OneIM on a partnership for this business add uncertainty to its direction while the broader chemicals portfolio continues. Will the established operations gain stability and focus from this rare earth push or risk distraction from potential changes in ownership?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Chemicals · 337 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−42.4% · Below median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets0.5% · Below median
Net margin (12 months)0.8% · Below median
Operating margin (12 months)6.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.1% · Bottom 25%
Dividend yield (12 months)10.0% · Top 25%
Balance sheet
Debt / equity1.80× · Highest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Solvay SA Fair Value". https://www.fairvalue-calculator.com/stock/SOLB
Frequently asked questions
Is Solvay SA (SOLB) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €14.02 versus a price of €24.36, about 42% lower (overvalued).
What is the fair value of SOLB?
Our model-based fair value for Solvay SA is €14.02 (as of Nov 7, 2026), built from audited fundamentals. The current price: €24.36.
What is the quality score of SOLB?
Solvay SA has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Solvay SA (SOLB)?
Our model-based price target is the fair value of €14.02 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario €14.02, optimistic scenario €14.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Solvay SA stock forecast for 2026?
Our models put fair value at €14.02, about 42% lower versus a price of €24.36 (overvalued). Cautious scenario €14.02, optimistic scenario €14.26. The calculation is refreshed regularly with new filings.
What is the revenue of Solvay SA (SOLB)?
Solvay SA reported trailing-twelve-month revenue of about €4.5B (latest available figure, as of Nov 7, 2026).
Does Solvay SA pay a dividend?
Solvay SA currently shows a dividend yield of 9.98% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Solvay SA (SOLB) and when is the ex-dividend date?
Solvay SA pays a dividend of €2.43 per share a year, a dividend yield of 10.0%. The last ex-dividend date was May 18, 2026. A dividend has been paid every year since at least 1996. Free cash flow covers the dividend 1.59 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Solvay SA (SOLB)?
For today's price to be fair in a discounted-cash-flow model, Solvay SA would have to grow free cash flow by -4.0 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -13.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SOLB use?
Our models discount Solvay SA at 9.0 %: a base by market capitalisation (mid), damped by beta 0.26, country premium for Belgium. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Solvay SA that is -4.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Solvay SA (SOLB) delivered so far?
Over the past 5 years revenue at Solvay SA grew -13.4 % a year. The price currently implies free-cash-flow growth of -4.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Solvay SA (SOLB) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Solvay SA (-4.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Solvay SA (SOLB)?
The free-cash-flow yield on the price is 15.71 %: that much free cash flow Solvay SA produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Solvay SA (SOLB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solvay SA it is €14.02 per share (as of Nov 7, 2026), against a price of €24.36. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Solvay SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SOLB trades above its calculated fair value: price €24.36, fair value €14.02, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SOLB?
No. The price is what the market pays today (€24.36); the fair value is what the company's own numbers justify (€14.02). For Solvay SA the two are €10.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solvay SA worth?
The market values Solvay SA at about €2.6B (market capitalisation, as of Nov 7, 2026). Per share that is €24.36; our models calculate a fair value of €14.02 per share.
What do the bullish and bearish scenarios say about SOLB?
Our models span a range for Solvay SA: cautious scenario €14.02, base €14.02, optimistic €14.26 per share (as of Nov 7, 2026, price €24.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOLB?
Solvay SA trades at a price-to-earnings ratio of 73.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €14.02 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 2.2. Other multiples: PEG 0.3, P/B 2.5, P/S 0.6, EV/EBITDA 8.0.
What is the PEG ratio of SOLB?
The PEG ratio of Solvay SA is 0.29 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Solvay SA (SOLB)?
Balance-sheet figures for Solvay SA (as of Nov 7, 2026): return on equity 3.3%, debt of 1.80 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is SOLB from its 52-week high?
Solvay SA trades at €24.36, about 12% below its 52-week high of €27.80 and 5% above the low of €23.14 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €14.02 is for.
Which stocks are comparable to Solvay SA?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Solvay SA stock attractive at the current price?
The data as of Nov 7, 2026: price €24.36, calculated fair value €14.02 (−42%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SOLB calculated?
We run Solvay SA through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €14.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Solvay SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Solvay SA (SOLB)?
The closing price on Nov 6, 2026 was €24.36. Our model-based fair value is €14.02, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solvay SA right now?
The price sits above even our optimistic bull case (€14.26). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€14.02 to €14.26), unusually little disagreement for a valuation.
Where does the earnings growth of Solvay SA (SOLB) come from?
Earnings per share at Solvay SA grew −12.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −9.6 %, EBIT margin +2.5 %, tax rate −5.0 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Solvay SA
How large is the market capitalisation of Solvay SA (SOLB)?
The market capitalisation of Solvay SA is €2.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Solvay SA (SOLB)?
The price-to-sales ratio of Solvay SA is 0.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Solvay SA (SOLB)?
Earnings per share at Solvay SA are €0.3300 (price ÷ EPS = P/E 73.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Solvay SA (SOLB)?
The dividend yield of Solvay SA is 10.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Solvay SA (SOLB)?
The net margin of Solvay SA is 0.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Solvay SA (SOLB)?
The return on equity (ROE) of Solvay SA is 3.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Solvay SA (SOLB)?
On an EBIT basis the return on assets of Solvay SA is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Solvay SA (SOLB)?
The operating margin of Solvay SA is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solvay SA (SOLB)?
Revenue at Solvay SA is growing −5.1% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Solvay SA (SOLB)?
Earnings per share at Solvay SA are growing +96.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Solvay SA (SOLB) carry?
The net debt of Solvay SA is €1.6B (fiscal year 2025, ≈ 4.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026