Umicore S.A. (UMI.BR) stock analysis

In our weekly check, Umicore S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 8, red flags: 5.

About Umicore S.A.

Umicore S.A. is an Industrials company (Industrial - Pollution & Treatment Controls) based in Belgium, listed on BRU as UMI.BR.

What our checks show for UMI.BR

Red flags

• The gross margin fell by 1 points, to 7.2%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 40.6% a year.
• Revenue fell 8.7% a year over the last 3 years.
• The net margin is only 2%: little room if costs rise.
• The stock has fallen as much as 88% from a peak. Would you have held through that?

Warning signs

• Net debt is 1x a year of EBITDA (debt/equity 1.35). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 0.6 points over 5 years, to 2%: the company keeps less of each sale as profit.
• Earnings per share fell 12.3% a year over the last 3 years.
• Net profit fell 12.3% a year over the last 3 years.
• Free cash flow is only 1.7% of revenue.
• The price swings a lot: 47% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Thinly traded (about 431 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 1.61x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 9.7 points from today's 2%.
• The dividend takes 14% of profit: there is a cushion.
• The price is 8.7 times earnings (P/E), reasonable for its growth.
• Return on capital (ROCE) is 23.4%: the business earns well on the money put into it.
• Pay in shares is only 2.3% of free cash flow.

Similar companies

TFPM · SBSW · BVN · PPTA · HL

Questions

What grade does Umicore S.A. (UMI.BR) have?

In our weekly check, Umicore S.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 8, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of UMI.BR stock?

This week's biggest flags for Umicore S.A.: Gross margin falling, Weak revenue forecast, Weak revenue growth. In total 13 of 25 checks show a warning or a red flag.

What does Umicore S.A. do?

Umicore S.A. is an Industrials company (Industrial - Pollution & Treatment Controls) based in Belgium, listed on BRU as UMI.BR.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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