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Wacker Chemie AG (WCH) Fair Value & Analysis

Basic Materials · DE · Market cap €4.5B

WC Wacker Chemie AG WCH · XETRA
Price€94.55
Fair Value€108.78
Upside+15.1%
Quality40/100
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Expensive Growth
Loss-making · -14.8% net margin
Moderate debt · negative free cash flow
Trails peers (3/13)
Narrow moat 18/100
Evidence: Low Range €68.86 – €148.72 Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €54.39 to €108.78 (+100.0%) since Jul 18, 2026. Share price +2.3% over the past month.

Below-average quality, screening 15% undervalued on our models.

What matters now

  • A fairly wide model range (€68.86 to €148.72) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

€154.87 €56.63 Fair Value €108.78 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €56.63 – €154.87 · fair‑value band €68.86 – €148.72 · the €94.55 price screens below the €108.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Wacker Chemie AG (WCH) currently trades at €94.55, while our model-based Fair Value estimate is €108.78, implying the stock looks roughly 15.1% undervalued today. The Quality Score stands at 40/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Wacker Chemie AG generated revenue of €5.4B at a net margin of -14.8%. Revenue declined 4.9% year over year. It earns a return on equity of -18.3%. Net debt stands at €1.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €68.86 (bear case) to €148.72 (bull case); at €94.55, 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 10% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 15%, WCH 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 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. Evidence
Highest evidence
Gordon GGM €21.96 €25.59 €29.69 70
DDM Multi-Stage €21.96 €28.45 €36.44 61
EV/EBITDA €43.33 €63.30 €83.26 54
All 4 models by family
Dividend Discount
Gordon GGM €21.96 €25.59 €29.69 70
DDM Multi-Stage €21.96 €28.45 €36.44 61
Multiples
EV/EBITDA €43.33 €63.30 €83.26 54
Asset-Based
NCAV (Graham) €36.23 €48.54 €72.45 50

Widest divergence: Multiples (€63.30) versus Dividend Discount (€25.59). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €5.4B
Revenue growth (YoY) -4.9%
Net margin -14.8%
Return on equity -18.3%
Free cash flow −€2.8M FY2025
Operating margin 3.7%
More key figures
EPS (TTM) €-16.16
EPS growth (YoY) +501%
Net debt €1.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 66

Profitability 11
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 79
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

Wacker Chemie AG, together with its subsidiaries, produces and sells chemical products in Europe, Asia, the Americas, and internationally. The company operates through four segments: Silicones, Polymers, Biosolutions, and Polysilicon.

Full company description

Wacker Chemie AG, together with its subsidiaries, produces and sells chemical products in Europe, Asia, the Americas, and internationally. The company operates through four segments: Silicones, Polymers, Biosolutions, and Polysilicon. It offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silica; and binders and polymeric additives, including dispersible polymer powders and dispersions. The company also provides pharmaceutical proteins, vaccines, cyclodextrins, cysteine, polyvinyl acetate solid resins, and acetylacetone, as well as pharmaceutical actives, food additives, and agrochemicals; and hyperpure polysilicon. In addition, it engages in forums; e-business, such as ERP system, EDI integration, delivery forecast, and e-invoicing; and support services. The company serves automotive, construction, chemical, semiconductor, consumer goods, medical technology, pharmaceutical, and photovoltaic industries. It exports its products. The company was formerly known as Wacker-Chemie GMBH and changed its name to Wacker Chemie AG in October 2005. Wacker Chemie AG was founded in 1914 and is headquartered in Munich, Germany. The company operates as a subsidiary of Dr. Alexander Wacker Familiengesellschaft mbH.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wacker Chemie AG reported revenue of €5.5B in FY2025 versus €6.2B in FY2021, a compound −3.0%/yr. Reported net income was −€821M in FY2025.

Growth Quality 12/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€5.5B
Latest YoY
−4.1%
Avg. growth/yr (3Y) 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.
−12.6%
Avg. growth/yr (5Y) 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.
+3.2%
Avg. growth/yr (21Y) 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.
+3.8%
Revenue −3.0%/yr
FY21 €6.2B
FY22 €8.2B
FY23 €6.4B
FY24 €5.7B
FY25 €5.5B
Net income
FY21 €807M
FY22 €1.3B
FY23 €314M
FY24 €241M
FY25 −€821M
Character of growth · EPS growth decomposed (2014-2025) +3.3 % p.a.
Revenue per share +2.5 pp

of which total revenue +2.5 pp · buybacks/dilution +0.0 pp

EBIT margin −0.7 pp
Tax rate +4.8 pp
Residual (interest, one-offs) −3.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Wacker Chemie AG Fair Value". https://www.fairvalue-calculator.com/stock/WCH

Earlier news

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

Peer Group

Specialty Chemicals · 671 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 40 · Bottom 25%
Fair Value upside +15% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -15% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 1.43× · Cheaper than median
P/S (TTM) 0.95× · Cheaper than median
EV/EBITDA 11.8× · Pricier than median
PEG 5.17× · 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 53 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 73 · sector 95
DIVIDEND 0 · sector 25

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.

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Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
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Frequently asked questions

Is Wacker Chemie AG (WCH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €108.78 versus a price of €94.55, about +15% (undervalued).
What is the fair value of WCH?
Our model-based fair value for Wacker Chemie AG is €108.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is €94.55.
What is the quality score of WCH?
Wacker Chemie AG has a Quality Score of 40/100. 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 revenue of Wacker Chemie AG (WCH)?
Wacker Chemie AG reported trailing-twelve-month revenue of about €5.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of WCH?
The net profit margin of Wacker Chemie AG is about -14.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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