UMI.BR - Umicore S.A.

Brussels - Brussels Delayed price. Currency in EUR
26.56
+0.37 (+1.41%)
At close: 5:39PM CEST
Stock chart is not supported by your current browser
Previous close26.80
Open26.35
Bid0.00 x 0
Ask0.00 x 0
Day's range26.16 - 26.69
52-week range25.11 - 50.78
Volume593,244
Avg. volume982,992
Market cap6.388B
Beta (3Y monthly)1.20
PE ratio (TTM)21.25
EPS (TTM)1.25
Earnings date31 Jul 2019 - 31 Jul 2019
Forward dividend & yield0.78 (2.96%)
Ex-dividend date2019-08-23
1y target est46.18
  • Should You Be Pleased About The CEO Pay At Umicore SA's (EBR:UMI)
    Simply Wall St.

    Should You Be Pleased About The CEO Pay At Umicore SA's (EBR:UMI)

    Marc Grynberg has been the CEO of Umicore SA (EBR:UMI) since 2008. This report will, first, examine the CEO...

  • Reuters - UK Focus

    Glencore's cobalt stock overhang contains prices despite mine suspension

    Cobalt prices have started to firm after Glencore announced plans to freeze output at the world's largest mine of the battery material, but traders say an overhang of stock held by the commodity trader and miner will inevitably cap gains. Glencore said its Mutanda mine in the Democratic Republic of Congo will be put on "care and maintenance" from the end of this year for an expected two years as the economic rationale for keeping it going had deteriorated. Cobalt prices on the London Metal Exchange are near their lowest since October 2016, having crashed to $27,800 a tonne or $12.60 a lb from levels near $100,000 a tonne or $45 a lb in May last year.

  • Belgium's Umicore sticks to outlook amid challenging market
    Reuters

    Belgium's Umicore sticks to outlook amid challenging market

    "Our operating performance and strong balance sheet enable us to forcefully pursue growth investments and R&D programs and to confirm our dividend policy," Chief Executive Marc Grynberg, said. Umicore, supported by the ramp-up of capacity in Poland and China, expects to outperform the underlying market. The company's performance in the first six months was boosted by market share gains in light duty gasoline applications, the growing penetration of gasoline particulate filters and growth in precious metals chemistry, it said in a statement.

  • Lithium Industry Buildup Is Outracing the Electric-Car Boom
    Bloomberg

    Lithium Industry Buildup Is Outracing the Electric-Car Boom

    (Bloomberg) -- Lithium miners are bulking up for a booming future when electric cars go mainstream. But speed bumps loom, with prices tumbling on a burst of new production and demand growth slowing in China.Between mid-2015 and mid-2018, prices for lithium, the soft, silvery-white metal crucial for rechargeable batteries, almost tripled as the world’s fleet of electric vehicles hit the 5 million mark, and the auto industry began to fret over the supply of raw materials.That sparked the opening of six lithium mines in Australia since 2017 as companies raced to gain from an evolving technology. But while the EV boom is coming, it isn’t here yet. Sales growth is slowing in China, the top market, and the drive to fill the battery supply chain has cooled. The result: A 30% price plunge for lithium that’s spurring concern over where the bottom may lie.“The latest EV data did reveal slowing growth, inferring that on top of excess supply, demand is now a problem,” Vivienne Lloyd and other analysts at Macquarie Capital Ltd. wrote in a report this month. “The key interest for investors should be who is likely to survive.”On Monday, shares were largely down for lithium producers worldwide. Charlotte, North Carolina-based Albemarle Corp. fell 1% at 10:06 a.m. in New York trading, while Philadelphia-based Livent Corp. slipped 0.9%. The American depository receipts of Santiago-based Soc. Quimica y Minera de Chile SA fell 0.8%, while in Australia, Pilbara Minerals Ltd. fell 2.1% and Galaxy Resources Ltd. dropped 1.8%.Mineral Resources Ltd. declined 2.6% after it confirmed the price for material from its Mt Marion mine will fall this quarter.In the first quarter of 2019, sales of electric vehicles in China, the largest market for EVs, grew by about 90% compared with a year earlier. While that sounds impressive, it’s half the growth seen between 2017 and 2018, according to Nikolas Soulopoulos at BloombergNEF in London.Meanwhile, lithium output in Australia, the world’s leading producer, is expected to rise about 23% over the next two years. And last month, the mining minister for No. 2 Chile, Baldo Prokurica, said the current administration was seeking to double that country’s production within four years.Lithium producers face other pricing hurdles as well, including a slowdown in the world’s ability to convert mined ore into lithium materials. Some converters in China reported delayed expansion due to overly aggressive project time lines, extended periods to commission their facilities, and tightened credit, according to a July report by Orocobre Ltd.In response to the delays, Perth-based Pilbara said in June that it planned to temporarily slow the pace of production.Even though the long-term demand outlook still looks strong, some producers are lowering their earnings forecasts for the short-term. Earlier this year, Belgium-based Umicore SA, the world’s largest lithium ion cathode maker, lowered its earnings guidance through the end of 2019, citing weaker demand and the shutdown of energy storage systems in South Korea.While Umicore said it expects “significant growth in revenues and earnings in 2020,” its previous projections of 100,000 tons of cathode materials sales in 2019 and 175,000 tons capacity by the end of 2021 are now on a 12 to 18 month lag.Top lithium miner Albemarle Corp. and Livent Corp. also cited weakening demand and low prices as the cause of business headwinds and production delays.“There’s a tradeoff,” said Joel Jackson, an analyst at BMO Capital Markets.Producers “see that electric vehicles will take off years from now, and they want to be the dominant players in 2023, 2025, 2030,” Jackson said by telephone. “So they’ll try to build out what they believe will be the supply needed to service lithium demand years from now, and they want to get their products out there first.”By 2025, the market for mined lithium raw material may be worth $20 billion, compared with $43 billion for refined products and $424 billion for battery cells, according to a base case scenario outlined in a 2018 study published by the Australia-based Association of Mining and Exploration Companies.By 2030, the supply of lithium-ion batteries will need to increase by more than 10-fold, BloombergNEF forecasts, with electric vehicles to accounting for more than 70% of that demand.In the meantime, the lithium bears are in control.Morgan Stanley forecast earlier this month that lithium carbonate prices from South America would fall below the $10,000 per ton threshold. Different forms of lithium produced in different regions will continue declining and converge between $7,000 and $8,100 per ton by 2025, according to analysts led by Javier Martinez de Olcoz.Not all lithium is equal either. Miners produce lithium with specific chemical properties, catered to the needs of each buyer. Negotiations to close contracts are confidential and typically take months.“As the EV industry evolves, battery requirements are changing to address greater safety needs, range specifications, and energy density,” Martinez de Olcoz wrote in a report. The difference, he said, "has raised questions about the ability of lithium producers to keep up with the fast-changing demand profile.”Lithium stocks will remain volatile, but producers who can adapt faster to the changing needs of their customers are likely to win in the race to dominate the market, de Olcoz said.(Adds industry shares in the fifth and sixth paragraphs.)\--With assistance from Justina Vasquez and David Stringer.To contact the reporter on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Umicore SA's (EBR:UMI) 2.7% Dividend Worth Your Time?
    Simply Wall St.

    Is Umicore SA's (EBR:UMI) 2.7% Dividend Worth Your Time?

    Could Umicore SA (EBR:UMI) be an attractive dividend share to own for the long haul? Investors are often drawn to...

  • Reuters - UK Focus

    UPDATE 2-Johnson Matthey battles lower profit at its biggest unit

    Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%. Shares of the FTSE 100 company was the biggest loser on London's blue-chip index. The moves follow scrutiny of Johnson Matthey's catalytic filters for trucks, which have been linked to emission issues at truckmakers Volvo and Cummins.

  • Should You Be Tempted To Sell Umicore SA (EBR:UMI) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell Umicore SA (EBR:UMI) Because Of Its P/E Ratio?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

  • How Much Of Umicore SA (EBR:UMI) Do Institutions Own?
    Simply Wall St.

    How Much Of Umicore SA (EBR:UMI) Do Institutions Own?

    Every investor in Umicore SA (EBR:UMI) should be aware of the most powerful shareholder groups. Institutions will...

  • Here's Why I Think Umicore (EBR:UMI) Might Deserve Your Attention Today
    Simply Wall St.

    Here's Why I Think Umicore (EBR:UMI) Might Deserve Your Attention Today

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Umicore SA (EBR:UMI): Poised For Long-Term Success?
    Simply Wall St.

    Umicore SA (EBR:UMI): Poised For Long-Term Success?

    In December 2018, Umicore SA (EBR:UMI) announced its latest earnings update, which showed that the company experienced...

  • Does Umicore SA's (EBR:UMI) 48% Earnings Growth Reflect The Long-Term Trend?
    Simply Wall St.

    Does Umicore SA's (EBR:UMI) 48% Earnings Growth Reflect The Long-Term Trend?

    Assessing Umicore SA's (EBR:UMI) past track record of performance is a valuable exercise for investors. It enables us...

  • Umicore SA (EBR:UMI): Time For A Financial Health Check
    Simply Wall St.

    Umicore SA (EBR:UMI): Time For A Financial Health Check

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Mid-caps stocks, like Umicore SA (EBR:UMI) with a market capitalization of €7.8b, aren’t the focus of...

  • Reuters - UK Focus

    BUZZ-Top of the Street: Umicore, DCC, Electrocomponents, Bunzl

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Following Umicore's profit warning, 5-star analyst Berenberg cuts to "hold" saying "the bad news ...

  • Reuters

    France, Germany to support battery cell consortium including PSA, Saft

    France and Germany have asked the European Commission to approve state subsidies for a cross-border battery cell consortium including carmaker PSA with its German subsidiary Opel and French battery maker Saft, a German official said on Monday. The two countries have earmarked 1.7 billion euros (£1.4 billion) to support company alliances to help reduce European carmakers' dependence on Asian suppliers and protect jobs at risk from the shift away from combustion engines. The economy ministries of both countries sent a letter of intent to the European Union's executive body asking it to give a provisional go-ahead, a German economy ministry spokeswoman said, without giving a sum for the planned state funding.

  • European stocks up for eighth session as oil surge boosts energy stocks
    Reuters

    European stocks up for eighth session as oil surge boosts energy stocks

    The pan-European STOXX 600 index closed up 0.23 percent, touching August highs and extending gains to an eighth straight session - its longest winning streak since October 2017. Wall Street's rise on upbeat earnings bolstered sentiment, helping them retrace losses. The oil and gas sector hit a six-month high, up 2 percent, with Royal Dutch Shell, British Petroleum and Total, up between 1.8 percent and 2.6 percent.

  • Reuters - UK Focus

    European stocks up for 8th session as oil surge boosts energy stocks

    Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check. The pan-European STOXX 600 index closed up 0.23 percent, touching August highs and extending gains to an eighth straight session - its longest winning streak since October 2017. Energy-heavy London's FTSE 100 led gains in the region, up 0.9 percent at a more than six-month high, while Germany's DAX and France's CAC40 rebounded to close higher.

  • Reuters - UK Focus

    LIVE MARKETS-STOXX 600 climbs to fresh 8-month highs

    * European shares ends at August highs * Wall Street opens higher as tech shares gain * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore plunges on 2020 ...

  • Reuters - UK Focus

    LIVE MARKETS-Once upon a time Europe was a crowded short trade...

    * European shares turn positive, back to August highs * Wall Street opens higher as tech shares gain * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore ...

  • Reuters - UK Focus

    LIVE MARKETS-Suffering from range-bound behaviour? Earnings growth is the cure

    * European shares turn positive * Wall Street opens higher as tech shares gain * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore plunges on 2020 earnings ...

  • Reuters - UK Focus

    LIVE MARKETS-Relationships are so last year

    * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore down 15 pct on 2020 earnings warning * Wirecard falls after regulator lifts short sale ban * Thomas ...

  • Reuters - UK Focus

    LIVE MARKETS-Are stock markets too complacent?

    * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore down 15 pct on 2020 earnings warning * Wirecard falls after regulator lifts short sale ban * Thomas ...

  • Reuters - UK Focus

    LIVE MARKETS-What Umicore's warning tells us about the electric vehicle market

    * Oil & gas stocks climb after crude rally * Fear of easing China stimulus holds market back * Umicore down 15 pct on 2020 earnings warning * Wirecard falls after regulator lifts short sale ban * Thomas ...

  • Reuters - UK Focus

    BUZZ-Top of the Street: Ahold Delhaize, Umicore, Konecranes, BHP Group, Man Group

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** 4-star Bernstein analyst cuts Koninklijke Ahold Delhaize to "market-perform", says Stop&Shop strikes ...

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