Umicore SA (0RUY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Umicore SA €10.20, price €21.14, upside -51.8%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €7.28 – €54.47 · fair‑value band €7.14 – €13.26 · the €21.14 price screens above the €10.20 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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.
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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 chemical refining activities; and offers integrated, circular and sustainable battery materials. Its Catalysis segment provides automotive catalysts for light-duty gasoline and diesel light, and heavy-duty diesel applications, including on-road and off-road vehicles; stationary catalysts for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications. The Recyling segment is involved in precious metals refining and management, jewelry and industrial metals; and treating complex waste streams containing precious and other specialty metals. This segment also produces precious metals-based materials for high-tech glass production and electronics; and offers products for chemical, electric, electronic, automotive and special glass applications. Its Specialty Materials segments offers cobalt and specialty materials, electro-optic materials, and metal deposition solutions; produces and distributes cobalt and nickel products; and supplies products for precious and non-precious metal-based electroplating and PVD coating, as well as germanium-based material solutions for the space, optics and electronics sectors. The company was formerly known as Union Minière du Haut Katanga and changed its name to Umicore SA in 2001. Umicore SA was founded in 1805 and is headquartered in Brussels, Belgium.
Stock analysis
Umicore SA (0RUY) currently trades at €21.14, while our model-based Fair Value estimate is €10.20, 51.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €25.34 per share, and 6 of the 25 models we run sit above the €21.14 price.
Bear case: the Economic Profit group reads lowest at €2.95, and 19 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: €7.14 (bear) to €13.26 (bull), the price of €21.14 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Umicore SA reported revenue of €20.7B in FY2020 versus €10.4B in FY2016, a compound +18.7%/yr. Reported net income was €131M in FY2020, compounding 0.0%/yr from FY2016.
Key figures
Market cap €8.0B · P/S ratio 0.32 · Dividend yield 2.3% · Net margin 0.6% · Return on equity 22.9% · Return on assets (EBIT) 6.1% · Operating margin 3.0% · Revenue (TTM) €24.6B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at −52%, 0RUY screens richer than that median.
Fair Value models
Bear €7.14Fair Value €10.20Bull €13.26
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘ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.
2.4% (2016) → 1.5% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Construction Machinery” was too small, so the broader sector is used.)Industrials · 5353 stocks
Beats the sector median on 6/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score51 · Below median
Fair Value upside−65.1% · Bottom 25%
Profitability
Return on equity (TTM)22.9% · Top 25%
Return on assets7.6% · Top 25%
Net margin (TTM)2.0% · Below median
Operating margin (TTM)3.0% · Below median
Growth and dividend
Revenue growth60.1% · Top 25%
Dividend yield (TTM)2.3% · Above median
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Industrials 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). "Umicore SA Fair Value". https://www.fairvalue-calculator.com/stock/0RUY
Frequently asked questions
Is Umicore SA (0RUY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €10.20 versus a price of €21.14, about −52% upside (overvalued).
What is the fair value of 0RUY?
Our model-based fair value for Umicore SA is €10.20 (as of Oct 3, 2026), built from audited fundamentals. The current price: €21.14.
What is the quality score of 0RUY?
Umicore SA has a Quality Score of 51/100. 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 Umicore SA (0RUY)?
Our model-based price target is the fair value of €10.20 (as of Oct 3, 2026) from 25 valuation models. Cautious scenario €7.14, optimistic scenario €13.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Umicore SA stock forecast for 2026?
Our models put fair value at €10.20, about −52% upside versus a price of €21.14 (overvalued). Cautious scenario €7.14, optimistic scenario €13.26. The calculation is refreshed regularly with new filings.
What is the revenue of Umicore SA (0RUY)?
Umicore SA reported trailing-twelve-month revenue of about €24.6B (latest available figure, as of Oct 3, 2026).
Does Umicore SA pay a dividend?
Umicore SA currently shows a dividend yield of about 2.26% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Umicore SA (0RUY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Umicore SA it is €10.20 per share (as of Oct 3, 2026), against a price of €21.14. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Umicore SA stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0RUY trades above its calculated fair value: price €21.14, fair value €10.20, a gap of about −52% (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 0RUY?
No. The price is what the market pays today (€21.14); the fair value is what the company's own numbers justify (€10.20). For Umicore SA the two are €10.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Umicore SA worth?
The market values Umicore SA at about €8.0B (market capitalisation, as of Oct 3, 2026). Per share that is €21.14; our models calculate a fair value of €10.20 per share.
What do the bullish and bearish scenarios say about 0RUY?
Our models span a range for Umicore SA: cautious scenario €7.14, base €10.20, optimistic €13.26 per share (as of Oct 3, 2026, price €21.14). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Umicore SA (0RUY)?
Balance-sheet figures for Umicore SA (as of Oct 3, 2026): return on equity 22.9%, debt of 0.65 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 0RUY from its 52-week high?
Umicore SA trades at €21.14, about 19% below its 52-week high of €26.12 and 47% above the low of €14.36 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €10.20 is for.
Which stocks are comparable to Umicore SA?
From the same area (Industrials) we also value SKYLMILAR, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, 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 Umicore SA stock attractive at the current price?
The data as of Oct 3, 2026: price €21.14, calculated fair value €10.20 (−52%), Quality Score 51/100, 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 0RUY calculated?
We run Umicore SA through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €10.20, 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 14.5 % above its aggregate fair value. Umicore 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 Umicore SA (0RUY)?
The closing price on Oct 2, 2026 was €21.14. Our model-based fair value is €10.20, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Umicore SA right now?
The price sits above even our optimistic bull case (€13.26). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€7.14 to €13.26) leaves room in how you read the outcome.
Key figures of Umicore SA
How large is the market capitalisation of Umicore SA (0RUY)?
The market capitalisation of Umicore SA is €8.0B. 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 Umicore SA (0RUY)?
The price-to-sales ratio of Umicore SA is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Umicore SA (0RUY)?
The dividend yield of Umicore SA is 2.3%. 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 Umicore SA (0RUY)?
The net margin of Umicore SA is 0.6% (fiscal year 2020). 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 Umicore SA (0RUY)?
The return on equity (ROE) of Umicore SA is 22.9% (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 Umicore SA (0RUY)?
On an EBIT basis the return on assets of Umicore SA is 6.1% (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 Umicore SA (0RUY)?
The operating margin of Umicore SA is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Umicore SA (0RUY)?
Revenue at Umicore SA is growing +60.1% versus a year earlier (3y avg +20.1%). 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 Umicore SA (0RUY)?
Earnings per share at Umicore SA are growing +74.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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