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Evonik Industries AG (EVK) Fair Value & Analysis

Basic Materials · DE · Market cap €7.9B

EI Evonik Industries AG EVK · XETRA
Price€18.05
Fair Value€18.16
Upside+0.6%
Quality60/100
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Mixed Growth
Thin margins · 1.1% net margin
Low debt · generates free cash flow
5.89% dividend yield
Mixed vs. peers (6/15)
Narrow moat 32/100
Evidence: High Range €13.55 – €18.81 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 18, 2026, revised from €11.66 to €18.16 (+55.7%) since Jul 16, 2026. Share price +11.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €13.55 (bear) to €18.81 (bull), base €18.16. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€22.17 €11.87 Fair Value €18.16 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €11.87 – €22.17 · fair‑value band €13.55 – €18.81 · the €18.05 price screens below the €18.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Evonik Industries AG (EVK) currently trades at €18.05, while our model-based Fair Value estimate is €18.16, implying the stock looks roughly 0.6% fairly valued today. We read business quality at 60/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Evonik Industries AG generated revenue of €13.7B at a net margin of 1.1%. Revenue declined 9.3% year over year. It earns a return on equity of 1.9%. Net debt stands at €3.4B. Fundamentals as of Jul 18, 2026

Our scenario range runs from €13.55 (bear case) to €18.81 (bull case); at €18.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 1%, EVK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €9.90 €14.76 €22.83 80
Residual Income €12.64 €12.46 €10.71 76
Rev-Margin DCF €7.91 €13.66 €20.75 74
All 24 models by family
DCF Models
FCF DCF €9.31 €14.36 €23.43 38
Owner Earnings €9.81 €15.04 €24.43 31
5Y Revenue Exit €7.91 €13.33 €21.20 39
5Y EBITDA Exit €20.86 €35.73 €55.44 41
5Y P/E Exit €5.40 €8.98 €13.30 38
10Y Revenue Exit €8.06 €12.08 €16.36 36
10Y EBITDA Exit €16.06 €25.62 €36.00 37
10Y P/E Exit €6.89 €9.45 €11.83 35
Earnings-Based
Graham-Dodd €3.87 €4.73 €5.32 54
EPV €5.18 €6.70 €8.02 59
Dividend Discount
Gordon GGM €10.27 €11.19 €12.59 70
DDM Multi-Stage €10.27 €12.69 €16.00 61
Multiples
P/E Multiple €8.53 €11.37 €14.22 63
P/S Multiple €7.25 €9.67 €12.08 58
P/B Multiple €7.25 €9.67 €12.08 55
EV/EBIT €14.07 €20.26 €26.45 53
EV/EBITDA €34.08 €46.94 €59.80 54
EV/Revenue €8.02 €13.38 €18.75 43
Asset-Based
NCAV (Graham) €8.70 €11.66 €17.40 50
Growth DCF
Growth DCF €9.90 €14.76 €22.83 80
Rev-Margin DCF €7.91 €13.66 €20.75 74
Economic Profit
Residual Income €12.64 €12.46 €10.71 76
ROIC Compounder €5.18 €6.70 €8.02 72
Growth Earnings
Growth-Adj P/E €6.03 €8.62 €11.21 68

Widest divergence: Growth DCF (€13.66) versus Earnings-Based (€4.73). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €13.7B
Revenue growth (YoY) -9.3%
Net margin 1.1%
Return on equity 1.9%
Free cash flow €695M FY2025
P/E ratio 49.4
More key figures
Operating margin 6.7%
EPS (TTM) €0.3400
Dividend yield 5.9%
EPS growth (YoY) -46.0%
Net debt €3.4B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 52 · Market factors (momentum, volatility) 72

Profitability 30
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Evonik Industries AG operates as a chemicals company in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. It operates through the Advanced Technologies, Custom Solutions, and Infrastructure segments.

Full company description

Evonik Industries AG operates as a chemicals company in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. It operates through the Advanced Technologies, Custom Solutions, and Infrastructure segments. The Advanced Technologies segment provides polymers for medical applications; crosslinkers; hydrogen peroxide, a sterilizing agent for cleaning silicon wafers and a bleaching agent for the paper and textile industries; fumed and precipitated silicas and silanes for the automotive, tire, electronics, and cosmetics industries; and D-/L-methionine and lysine for animal nutrition. Its Custom Solutions segment provides additives for coatings, adhesives, sealants, polyurethane foams, and lubricants for the cosmetic, cleaning, and pharmaceutical industries. The Infrastructure segment engages in the infrastructure activities and offers butadiene, MTBE, butene-1, isononanol, and DINP for use in the plastic and packaging industries, production of rubber and fuels, and as plasticizers in the construction and automotive sectors. The company was founded in 1847 and is headquartered in Essen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Evonik Industries AG reported revenue of €14.1B in FY2025 versus €15.0B in FY2021, a compound −1.5%/yr. Reported net income was €265M in FY2025, compounding −22.8%/yr from FY2021.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€14.1B
Latest YoY
−7.2%
Avg. growth/yr (3Y)
−8.7%
Avg. growth/yr (5Y)
+2.9%
Avg. growth/yr (19Y)
+0.0%
Revenue −1.5%/yr
FY21 €15.0B
FY22 €18.5B
FY23 €15.3B
FY24 €15.2B
FY25 €14.1B
Net income −22.8%/yr
FY21 €746M
FY22 €540M
FY23 −€465M
FY24 €222M
FY25 €265M

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Cite: Fair Value Calculator (2026). "Evonik Industries AG Fair Value". https://www.fairvalue-calculator.com/stock/EVK

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 680 stocks

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.

Quality Score 60 · Top 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 49.9× · Pricier than 75% of peers
P/B 1.12× · Cheaper than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 13.1× · Pricier than 75% of peers
EV/EBITDA 6.8× · Cheaper than median
PEG 6.23× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 34 · sector 0
FUTURE 0 · sector 19
PAST 8 · sector 23
HEALTH 84 · sector 95
DIVIDEND 100 · sector 24

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $520.74 $226.27 -57%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Evonik Industries AG (EVK) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €18.16 versus a price of €18.05, about +1% (fairly valued).
What is the fair value of EVK?
Our model-based fair value for Evonik Industries AG is €18.16 (as of Jul 18, 2026), built from audited fundamentals. The current price is €18.05.
What is the quality score of EVK?
Evonik Industries AG has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Evonik Industries AG (EVK)?
Evonik Industries AG reported trailing-twelve-month revenue of about €13.7B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of EVK?
The net profit margin of Evonik Industries AG is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Evonik Industries AG pay a dividend?
Evonik Industries AG currently shows a dividend yield of about 5.89% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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