Rankings Commodities & uranium Kemira
Kemira
64
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Margin and ROIC−4
- Quality of growth−4
- Lowered guidance−4
Strengths
- No documented strengths.
How the score is built
From 100 to 64, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 15.31 EUR
- Median analyst target
- 17.25 EUR
- Upside to median
- +12.7%
- Analysts
- 6
- Target range
- 15.00 – 20.00 EUR
- 52-week change
- −20%
- P/E (trailing)
- 19.1
- Forward P/E
- 12.7
- PEG
- 2.86
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−13 of −30
- −4Margin and ROICOperating margin has fallen from 12.3% (2024) via 10.7% (2025) to 9.2% TTM, and ROIC from 13.2% to 9.0%. Operational EBITDA margin was 16.1% in Q2 (19.0% a year earlier) vs the company's own target of 18–21%.
- −4Quality of growthRevenue has fallen four years in a row from EUR 3.57bn (2022) to EUR 2.72bn TTM (-4.6% in the latest year), and EPS has fallen 33% to EUR 0.97. Analysts expect only about 3-4% annual growth over the next three years.
- −3Capital allocationBuybacks (EUR 190m) and dividend (EUR 112m) totalling EUR 302m TTM exceed FCF of EUR 208m, at the same time as acquisitions for EUR 139m (AquaBlue, SIDRA). Net debt has more than doubled from EUR 292m (2024) to 622m.
- −2Future segmentFiber Essentials (537 m EUR, 20% of sales) is bulk chemicals that follow the weak pulp-mill utilization; Packaging & Hygiene (949 m EUR) also depends on the paper industry. Only Water Solutions (45%) has structural tailwinds.
Price
Today's multiples against the company's own history and its peers. · 3 findings−5 of −35
- −3Multiples vs own historyForward P/E 13.5 is at the top of its own history (11.0–13.8 in 2021–2025) and trailing P/E 17.6 vs 9.5–18.9; EV/EBITDA 6.8 in the middle of the range 6.1–8.5. Not cheap vs history on falling earnings.
- −1PeersForward P/E 13.5 and EV/EBITDA 6.8 vs Ecolab 32.5 and 21.2 – a large discount, but Ecolab has far higher margin and growth; the direct competitors Solenis and SNF are unlisted.
- −1Absolute price levelMarket cap EUR 2.48bn, FCF yield 8.4%, earnings yield 5.9% and dividend yield 4.4%: low absolute price level.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−10 of −35
- −4Lowered guidanceOn 10/6-2026, 2026 guidance for operating EBITDA was cut from EUR 470–570m to 400–500m vs EUR 524.6m in 2025; operating EBITDA fell 15% in Q2 to EUR 111.7m.
- −3Commodities, freight and pricing powerCommodity and logistics inflation after the Iran war raises costs by about EUR 100m in 2026, and only about half is expected to be covered by price increases; prices fell at the same time in Q2. Pricing power is limited.
- −2Weak end marketsDemand in end markets (pulp, paper, industrial water) remains weak due to global uncertainty; consensus is Hold (6 analysts).
- −1Insider tradingCFO Petri Castrén sold 15,752 shares on 5/3-2026; no insider buying in 2026 (the latest CEO purchase was 2,785 shares in April 2025).
Plus
Only documented strengths. · 0 findings±0 of +15
- No findings recorded.
Caveats
What the score does not capture, or where the data is weak.
Figures through Q2 2026 (TTM June 2026); Q3 comes 23/10-2026. The revenue decline from 2023 is partly due to the sale of the Oil & Mining business in 2024 (EUR 144m). Specialty chemicals (water and paper chemicals) do not fit the industry list precisely; placed under Commodities & uranium like BASF and Solvay. Not marked cyclical, as water treatment is stable demand, but the margin follows raw material and freight prices. Peers (Solenis, SNF) are unlisted.
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