Covestro (1COV) Stock Price, News & Analysis

Company Overview

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for solar panel frames, laptops, floodlights, and electric vehicle batteries. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Key Stats

• Today's Range: €56.60 to €57.18
• 50-Day Range: €56.54 to €58.48
• 52-Week Range: €44.57 to €58.50
• Volume: 449,836 shs
• Average Volume: 917,794 shs
• Market Capitalization: $10.76 billion
• P/E Ratio: N/A
• Dividend Yield: 5.96%
• Price Target: N/A
• Consensus Rating: N/A

Covestro Stock Analysis - MarketRank™

Covestro scored higher than 4% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Covestro.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Covestro is -32.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Covestro is -32.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Covestro has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Covestro has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for 1COV.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Covestro is a leading dividend payer. It pays a dividend yield of 8.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Covestro does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.95

Short Interest

There is no current short interest data available for 1COV.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Covestro this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Covestro insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.71% of the stock of Covestro is held by insiders.

Percentage Held by Institutions

58.97% of the stock of Covestro is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1COV Stock Analysis - Frequently Asked Questions

How have 1COV shares performed this year?

Covestro's stock was trading at €52.68 on January 1st, 2024. Since then, 1COV stock has increased by 8.2% and is now trading at €57.00.
View the best growth stocks for 2024 here.

What other stocks do shareholders of Covestro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Covestro investors own include Hawkins (HWKN), Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH) and Allianz (ALV).

Industry, Sector and Symbol

• Stock Exchange: ETR
• Sector: Basic Materials
• Industry: Specialty Chemicals
• Sub-Industry: N/A
• Current Symbol: ETR:1COV
• CUSIP: N/A
• CIK: N/A
• Web: www.covestro.de
• Phone: +49-214-60092000
• Fax: N/A
• Employees: 17,543
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): (€1.73)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 35.45
• P/E Growth: 0.51
• Net Income: $-325,000,000.00
• Net Margins: -2.30%
• Pretax Margin: N/A
• Return on Equity: -4.89%
• Return on Assets: 0.31%

Debt

• Debt-to-Equity Ratio: 55.84
• Current Ratio: 1.71
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $14.11 billion
• Price / Sales: 0.76
• Cash Flow: €2.39 per share
• Price / Cash Flow: 23.83
• Book Value: €35.24 per share
• Price / Book: 1.62

Miscellaneous

• Outstanding Shares: 188,740,000
• Free Float: N/A
• Market Cap: $10.76 billion
• Optionable: Not Optionable
• Beta: 1.17