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COVTY US​

Covestro AG/ADR Sponsored ADR(COVTY US)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Covestro AG/ADR Sponsored ADR — Company Profile

Covestro AG, a German company established in Leverkusen in 1863, specializes in providing cutting-edge polymer materials along with associated application solutions. Its operations are structured into two principal divisions: 1. Performance Materials: This segment is dedicated to the creation, production, and supply of premium materials, including polyurethanes and polycarbonates. It also offers fundamental chemicals such as diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins. These substances are vital for various industries, including furniture manufacturing, wood processing, construction, and the automotive and transportation sectors. Their applications range from roof structures and insulation for buildings and refrigerators to mattresses and car seats. 2. Solutions & Specialties: This division encompasses a diverse portfolio of polymer products. These include precursors used in coatings and adhesives, specialized polycarbonates, MDI derivatives, various polyols, unique films, elastomers, and thermoplastic polyurethanes. These materials cater to demanding industries like automotive, transportation, electrical, electronics, household appliances, construction, and healthcare. Furthermore, they are incorporated into composite resins for items such as wind turbine rotor blades, laptop casings, and floodlights. Covestro distributes its products globally via trading houses and a network of distributors. The company maintains a significant presence across Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China.

Sector
Industrials
Industry
Professional Services
Exchange
UU
CEO
Markus Steilemann
Headquarters
Leverkusen, NY, DE
IPO Date
Mar 22, 2016
Employees
17,598
Website
www.covestro.com

Key Metrics

Price
$33.82
Market Cap
$14.04B
Revenue (TTM)
$12.43B
Net Income (TTM)
$-618583054.00
EPS (TTM)
-1.62
P/E (TTM)
-21.93
P/B (TTM)
2.01
Dividend Yield
8.07%
ROE (TTM)
-8.84%
ROA (TTM)
-4.54%
Operating Margin
-3.36%
Beta
-0.05

Dividends

Last Dividend
$1.88
Last Yield
0.08%

Summary

Covestro AG, a German company established in Leverkusen in 1863, specializes in providing cutting-edge polymer materials along with associated application solutions. Its operations are structured into two principal divisions: 1. Performance Materials: This segment is dedicated to the creation, production, and supply of premium materials, including polyurethanes and polycarbonates. It also offers fundamental chemicals such as diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins. These substances are vital for various industries, including furniture manufacturing, wood processing, construction, and the automotive and transportation sectors. Their applications range from roof structures and insulation for buildings and refrigerators to mattresses and car seats. 2. Solutions & Specialties: This division encompasses a diverse portfolio of polymer products. These include precursors used in coatings and adhesives, specialized polycarbonates, MDI derivatives, various polyols, unique films, elastomers, and thermoplastic polyurethanes. These materials cater to demanding industries like automotive, transportation, electrical, electronics, household appliances, construction, and healthcare. Furthermore, they are incorporated into composite resins for items such as wind turbine rotor blades, laptop casings, and floodlights. Covestro distributes its products globally via trading houses and a network of distributors. The company maintains a significant presence across Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China.

Website
www.covestro.com
Location
Leverkusen, NY, DE
Phone49 214 6009 2000
Employees17,598
CEOMarkus Steilemann
Sector
Industrials
Industry
Professional Services
IPO DateMar 22, 2016

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Latest Documents

SEC Filings(4)

Expand
  • EFFECTNotice of effectiveness1 Dec 2016
  • F-6Registration statement (depository shares)17 Nov 2016
  • F-6EFEffective registration statement (depository shares)14 Apr 2016
  • F-6EFEffective registration statement (depository shares)18 Dec 2015

Mentions in Filings

  • … dard electrowinning and solvent-extraction flowsheets supplied by established engineering houses, among others. In rare earth elements, Nth Cycle competes with conventional chemical producers such as BASF SE (Germany), <strong>Covestro AG</strong> (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Chemicals (Japan), ERCO Worldwide ( …
    Kensington Capital Acquisition Corp. VICovestro AG/ADR Sponsored ADR·S-4/A - Registration statement (business combination, amendment)·Q4 26·8 Oct
  • … ut their own refining capacity; we do not compete for feedstock with the industry players with whom we partner. We believe we may compete in this vertical with conventional chemical producers such as BASF SE (Germany), <strong>Covestro AG</strong> (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Chemicals (Japan), ERCO Worldwide ( …
    Nth Cycle Inc.Covestro AG/ADR Sponsored ADR·S-4 - Registration statement (business combination)·Q3 26·17 Sep
  • … ium nitrate (AN) in the U.S. Own and operate three strategically located multi-plant production facilities in El Dorado, AR; Cherokee, AL; and Pryor, OK. Operate an additional nitric acid facility in Baytown, TX owned by <strong>Covestro</strong>. Diversified product slate with ability to optimize across ammonia, UAN, AN, nitric acid and other products. Balanced exposure to attractive industrial and agricultural end markets provides ability to shift product mix b …
    LSB INDUSTRIES, INC.Covestro AG/ADR Sponsored ADR·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·9 Sep
  • … D® Additive Manufacturing Platform, thereby enabling us to better compete for manufacturing customers for their end-use parts production. In April 2023, we strengthened our portfolio of 3D printing materials by acquiring <strong>Covestro</strong> and its resins, which are compatible with our Origin P3™, Neo® stereolithography, and H350™ printers. As part of that acquisition, we also significantly expanded our IP portfolio, obtaining ownership over hundreds of pat …
    STRATASYS LTD.Covestro AG/ADR Sponsored ADR·EX-99.2 - 6-K - Current report (foreign private issuer)·Q2 26·13 Aug
  • … dard electrowinning and solvent-extraction flowsheets supplied by established engineering houses, among others. In rare earth elements, Nth Cycle competes with conventional chemical producers such as BASF SE (Germany), <strong>Covestro AG</strong> (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Chemicals (Japan), ERCO Worldwide ( …
    Nth Cycle Inc.Covestro AG/ADR Sponsored ADR·DRS - Draft registration statement·Q3 26·7 Aug
  • … olyurethane solutions in both luxury and sport premium markets, while automotive growth is orientated to hygienic interiors and both robust and smart surfaces. Competition and Customers Our main competitors are Sabic, <strong>Covestro</strong>, Styrolution, Shanghai Pret Composites Co. Ltd., LG Chem, Lotte Chemical Corporation, and Kingfa for compound technologies, Kraiburg, Celanese, Avient, Hexpol and BASF for TPEs, and Roehm, Plaskolite, Mitsubishi Chemic …
    Trinseo PLCCovestro AG/ADR Sponsored ADR·ARS - Annual report to security holders·FY25·7 Aug

Key Stats

Trading

Px/Chg 1D$33.82 / +2.55%
Avg Volume3.26K
Beta-0.05
Mkt Cap14.04B
FD Mkt Cap14.69B

Float

Shrs Out/Float415.28M / 187.62M
Short Float0.00%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV16.55B
EV/EBITDA22.56
EV/Sales1.28
P/B2.01
P/S1.09
FCF Yield0.27%
ROE-8.84%
ROA-4.54%
Current Ratio1.53

Dividend

Cash$1.88
Yield8.07%
Yield (TTM)8.07%

Estimates

P/E-21.93
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '22Mar '23Mar '24Mar '25Oct '26
PRICE-BASED RATIOS
Price / Earnings-31.316.24-28.30-52.31-44.67-37.51
Price / Sales1.500.630.440.720.844.86
Price / Book Value1.561.311.121.571.782.01
Price / Free Cash Flow123.727.0657.6344.64133.52375.73
ENTERPRISE VALUE METRICS
Enterprise Value13,334.712,036.010,446.413,149.414,493.116,548.7
Enterprise Value / Sales1.800.760.580.911.025.73
Enterprise Value / EBITDA42.743.939.3811.5812.99175.85
Enterprise Value / EBIT32.695.3146.2254.34109.80-52.20

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-6%15,903.017,968.014,377.014,179.012,431.2
Gross Income-21.9%4,428.02,564.02,306.02,177.01,649.2
EBITDA-39.5%3,060.01,114.01,136.01,116.0409.2
EBIT—2,267.0226.0242.0132.0-417.8
Net Income—1,616.0-281.0-198.0-266.0-618.6
EPS (Diluted)—4.18-0.73-0.52-0.70-1.62
BALANCE SHEET
Cash & ST Inv1.8%714.01,198.0638.0518.0767.0
Total Assets-3.3%15,571.014,585.013,637.013,631.013,619.2
Total Liabilities-4.2%7,809.07,463.07,019.06,952.06,586.2
Total Shareholder Equity-2.4%7,696.07,086.06,590.06,658.06,995.0
CASH FLOW
Net Operating Cash Flow-35.5%2,193.0970.0997.0870.0379.4
Cap Ex-80.8%-764.0-832.0-765.0-781.0-739.6
Free Cash Flow—1,429.0138.0232.089.0-360.2

Enterprise Value Bridge

Millions EUR23 Oct '26
Price (As of 23 Oct '26)33.37
Basic Shares415.28
Market Cap13,857.9
Diluted Shares379.76
Fully Diluted Shares Outstanding379.76
Fully Diluted Market Cap12,672.6
+Consolidated Debt3,133.7
−In-the-Money Convertible Debt—
+Capital Leases673.8
+Operating Leases—
−Cash & Equivalents-647.7
−Short-term Investments-119.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest18.0
+Pension Liabilities—
Enterprise Value16,361.8

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