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Umicore Valuation Multiples
Discover revenue and EBITDA valuation multiples for Umicore and similar public comparables like Organo, Canmax Technologies, Casella, Kurita Water and more.
Umicore Overview
About Umicore
Umicore SA operates in the following business groups: Catalysis, Battery Materials, Specialty Materials, Recycling, and Corporate and Unallocated. Key revenue is derived from its Recycling segment, which treats complex waste streams containing precious and other specialty metals. The Battery Materials segment is engaged in developing, manufacturing, and marketing cathode materials (CAM) and its precursors (pCAM) for lithium-ion batteries. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, and the Specialty segment develops, manufactures, and distributes metal-based materials and chemicals for applications vital to everyday lives. Geographically, the group derives a majority of its revenue from Europe.
Founded
1906
HQ

Employees
11.6K
Website
Financials (LTM)
EV
$6B
Umicore Financials
Umicore reported last 12-month revenue of $4B and EBITDA of $1B.
In the same LTM period, Umicore generated $1B in EBITDA and $435M in net income.
Revenue (LTM)
Umicore P&L
In the most recent fiscal year, Umicore reported revenue of $22B and EBITDA of $1B.
Umicore expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $22B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $435M | XXX | $454M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Umicore Stock Performance
Umicore has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Umicore's stock price is $20.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | -0.3% | XXX | XXX | XXX | $1.89 |
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Start Free TrialUmicore Valuation Multiples
Umicore trades at 1.5x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
Umicore Financial Valuation Multiples
As of April 2, 2026, Umicore has market cap of $5B and EV of $6B.
Equity research analysts estimate Umicore's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Umicore has a P/E ratio of 11.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 9.5x | XXX | 5.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 11.4x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | 21.3x | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Umicore Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Umicore Margins & Growth Rates
Umicore's revenue in the last 12 month grew by 2%.
Umicore's revenue per employee in the last FY averaged $1.9M, while opex per employee averaged $0.1M for the same period.
Umicore's rule of 40 is (57%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Umicore's rule of X is (178%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Umicore Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (81%) | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (24%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (57%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (178%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Umicore Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Organo | XXX | XXX | XXX | XXX | XXX | XXX |
| Canmax Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Casella | XXX | XXX | XXX | XXX | XXX | XXX |
| Kurita Water | XXX | XXX | XXX | XXX | XXX | XXX |
| China Everbright | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Umicore M&A Activity
Umicore acquired XXX companies to date.
Last acquisition by Umicore was on XXXXXXXX, XXXXX. Umicore acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Umicore
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialUmicore Investment Activity
Umicore invested in XXX companies to date.
Umicore made its latest investment on XXXXXXXX, XXXXX. Umicore invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Umicore
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Umicore
| When was Umicore founded? | Umicore was founded in 1906. |
| Where is Umicore headquartered? | Umicore is headquartered in Belgium. |
| How many employees does Umicore have? | As of today, Umicore has over 11K employees. |
| Is Umicore publicly listed? | Yes, Umicore is a public company listed on Euronext Brussels. |
| What is the stock symbol of Umicore? | Umicore trades under UMI ticker. |
| When did Umicore go public? | Umicore went public in 1994. |
| Who are competitors of Umicore? | Umicore main competitors are Organo, Canmax Technologies, Casella, Kurita Water. |
| What is the current market cap of Umicore? | Umicore's current market cap is $5B. |
| What is the current revenue of Umicore? | Umicore's last 12 months revenue is $4B. |
| What is the current revenue growth of Umicore? | Umicore revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Umicore? | Current revenue multiple of Umicore is 1.5x. |
| Is Umicore profitable? | Yes, Umicore is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Umicore? | Umicore's last 12 months EBITDA is $1B. |
| What is Umicore's EBITDA margin? | Umicore's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Umicore? | Current EBITDA multiple of Umicore is 6.4x. |
| What is the current FCF of Umicore? | Umicore's last 12 months FCF is $302M. |
| What is Umicore's FCF margin? | Umicore's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Umicore? | Current FCF multiple of Umicore is 21.3x. |
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