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Umicore SA (NVJP) Fair Value & Analysis

Industrials · DE · Market cap €6.1B

US Umicore SA NVJP · XETRA
Price€22.42
Fair Value€40.92
Upside+82.5%
Quality66/100
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Evidence: High Range €21.03 – €52.36

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 16 days ago

Fair value updated Jun 24, 2026 — revised from €30.70 to €40.92 (+33.3%) since Jun 23, 2026. Share price −9.4% over the past month.

Price vs Fair Value (12 months)

€29.59 €13.81 Fair Value €40.92 Jul 2025 Jul 2026

12‑month range €13.81 – €29.59 · fair‑value band €21.03 – €52.36 · the €22.42 price screens below the €40.92 fair value. As of Jun 24, 2026.

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Analysis

Umicore SA (NVJP) currently trades at €22.42, while our model-based Fair Value estimate is €40.92 — implying the stock looks roughly 82.5% undervalued today. We read business quality at 66/100 (solid quality), in the Industrials 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, Umicore SA generated revenue of €19.4B at a net margin of 2.0%. Revenue grew 44.1% year over year. It earns a return on equity of 18.6%. Net debt stands at €1.3B. Fundamentals as of Jun 24, 2026

Our scenario range runs from €21.03 (bear case) to €52.36 (bull case); at €22.42, the current price sits within that range. The share trades about 16% below its 52-week high and 141% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside — at 83%, NVJP screens cheaper than that median.

Key figures & financial health

Revenue (TTM) €19.4B
Revenue growth (YoY) +44.1%
Net margin 2.0%
Return on equity 18.6%
Free cash flow €335M FY2025
P/E ratio 15.8
More key figures
Operating margin 6.8%
EPS (TTM) €1.59
Dividend yield 1.9%
EPS growth (YoY) -38.3%
Net debt €1.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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 …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Umicore SA reported revenue of €19.4B in FY2025 versus €24.1B in FY2021, a compound −5.3%/yr. Reported net income was €385M in FY2025, compounding −11.2%/yr from FY2021.

Revenue −5.3%/yr
FY21 €24.1B
FY22 €25.4B
FY23 €18.3B
FY24 €14.9B
FY25 €19.4B
Net income −11.2%/yr
FY21 €619M
FY22 €570M
FY23 €385M
FY24 −€1.5B
FY25 €385M

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Cite: Fair Value Calculator (2026). "Umicore SA Fair Value". https://www.fairvalue-calculator.com/stock/NVJP

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Frequently asked questions

Is Umicore SA (NVJP) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €40.92 versus a price of €22.42 — about +83% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NVJP?
Our model-based fair value for Umicore SA is €40.92 (as of Jun 24, 2026), built from audited fundamentals. The current price is €22.42.
What is the quality score of NVJP?
Umicore SA has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Umicore SA (NVJP)?
Umicore SA reported trailing-twelve-month revenue of about €19.4B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NVJP?
The net profit margin of Umicore SA is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does Umicore SA pay a dividend?
Umicore SA currently shows a dividend yield of about 1.93% relative to its recent price (as of Jun 24, 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.