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Home/Stocks/UMI.BR
Euronext · Belgium · Waste Management

UMI.BR Umicore

Germanium and specialty materials

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-27
€18.61
+5.38% today
1W
+0.2%
1M
−11.7%
3M
−11.6%
YTD
+6.7%
1Y
+15.4%
Off 52w high
−29.8%
Market cap€4.25B≈ $4.75B
P/E (trailing)8.6Forward 9.8
EV / sales0.2×EV/EBITDA 4.1×
Revenue (TTM)€24.61BGrowth 60.1% y/y
Margins7.7%gross · op 2.9%
Free cash flow€535MCash €1.80B · debt €3.25B
Analyst target€25.63+37.7% upside · 13 analysts · none
Riskβ 0.92Short — of float · yield 2.9%

Fundamentals from public market data, refreshed daily (2026-10-26 21:24 UTC). Figures in reporting currency.

UMI.BR · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

About Umicore

Website ↗

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 appli…

11,213 employees · Brussels, Belgium

Small markets with outsized importance: gallium for GaN and InP, germanium for optics, antimony for defence. China has restricted exports.

By-product→Refining→Wafer / alloy→Device

What would prove us wrong. Weakens if Western by-product recovery scales fast enough to erase price premia.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
UAMY
United States Antimony
US antimony processing $3.25+14.21%−23.6%−35.2%
PPTA
Perpetua Resources
Domestic antimony project $18.30+10.24%−16.1%−24.4%
5713.T
Sumitomo Metal Mining
Battery materials and refining ¥8,335.0+3.19%−12.1%+34.9%
AXTI
AXT Inc
InP and GaAs substrates $57.77+2.67%−21.6%+253.3%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.