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Employees: 17,598
Size Covestro (1COV.DE) is a Germany Materials company (Chemicals: Specialty) with a market value of $14.0B, the 43rd largest of 205 Germany companies the cockpit tracks. Shares closed at €60.10 on 6 Nov 2026.
Performance Over six months the shares fell 0.5%, against -25.3% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 8.7% over the last twelve months (peer median +3.7%); the operating margin is -3.4% (peer median 13.0%).
Valuation It trades at 200.3× forward earnings against a peer median of 11.8× (most expensive of 19).
Capital Return on invested capital runs 10.5 points below its cost of capital (7.4% WACC).
Credit Covestro has 2 bonds outstanding ($1.11B), rated Aa3 by the agencies and trading like AA- at a weighted spread of 66 bp.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | €12.9B | €14.2B | €14.4B | €18.0B |
| Revenue growth | — | -9% | -1% | -20% | — |
| Gross profit | n/a | €1.72B | €2.18B | €2.31B | €2.56B |
| EBITDA | n/a | €426M | €764M | €953M | €1.13B |
| Net income | n/a | -€644M | -€266M | -€198M | -€272M |
| Free cash flow | n/a | -€375M | €0 | €133M | €82.0M |
| Capital expenditure | n/a | €770M | €781M | €765M | €832M |
| Total debt | n/a | €3.13B | €3.10B | €3.39B | €3.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1COV.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -5.6% | 7th highest of 21 |
| 6-month return | -0.5% | -25.3% | 6th highest of 21 |
| Distance from 52-week high | -2.1% | -41.0% | highest of 21 |
| Revenue growth (TTM) | -8.7% | +3.7% | 2nd lowest of 21 |
| Operating margin | -3.4% | 13.0% | 2nd lowest of 21 |
| Forward P/E | 200.3× | 11.8× | most expensive of 19 |
| ROIC minus cost of capital | -10.5 pp | +0.6 pp | 2nd lowest of 21 |
| Net debt / EBITDA | 5.5× | 2.1× | most indebted of 12 |
| Bond spread | 66 bp | 118 bp | tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Covestro 1COV.DE | Germany | $14.0B | 0% | -9% | -3% | 200.3× | n/a | n/a |
| Zhejiang Juhua 600160.SS | China | $13.1B | -12% | -5% | 20% | 18.2× | n/a | n/a |
| Symrise SY1.DE | Germany | $15.1B | +30% | -1% | 12% | 24.8× | 8.1% | +7.0% |
| Nippon Sanso 4091.T | Japan | $15.3B | +1% | +10% | 15% | 16.9× | 7.8% | +10.7% |
| Lgchem 051910.KS | South Korea | $12.6B | -42% | 0% | 0% | n/a | n/a | n/a |
| Resonac 4004.T | Japan | $12.6B | -26% | +1% | 8% | 18.0× | 26.7% | +6.7% |
| Satellite Chemical 002648.SZ | China | $12.4B | -17% | +20% | 23% | 7.2× | -13.2% | +33.8% |
| Sociedad Quimica y Minera de Chile S.A. Sponsored ADR Pfd Series B SQM | United States | $16.0B | -37% | +59% | 39% | 7.3× | -4.8% | +20.1% |
| Formosa Plastics 1301.TW | Taiwan | $12.1B | +22% | -11% | -2% | 21.4× | n/a | n/a |
| Albemarle ALB | United States | $11.7B | -51% | +18% | 14% | 11.3× | 10.9% | +10.4% |
| Hengli Petrochemical 600346.SS | China | $17.5B | -25% | -8% | 8% | 9.2× | -8.0% | +5.1% |
| Formosa Chemicals & Fibre 1326.TW | Taiwan | $11.1B | +21% | -5% | 1% | 21.0× | 26.2% | +2.5% |
| Swancor Advanced Materials 688585.SS | China | $10.9B | +50% | +3% | -25% | n/a | n/a | n/a |
| China Northern Rare Earth (Group) High-Tech 600111.SS | China | $19.6B | -31% | +29% | 11% | 28.5× | 24.6% | +14.2% |
| LyondellBasell LYB | United States | $19.6B | -15% | -2% | 10% | 9.5× | -10.3% | +1.7% |
| Ganfeng Lithium 1772.HK | Hong Kong | $9.76B | -72% | +123% | 18% | 6.4× | 9.0% | +32.0% |
| Tianqi Lithium 002466.SZ | China | $8.97B | -54% | +104% | 57% | 9.0× | -1.2% | +26.2% |
| Guangzhou Tinci Materials Technology 002709.SZ | China | $8.73B | -53% | +102% | 19% | 10.3× | 9.3% | +32.3% |
| Dow DOW | United States | $22.7B | -14% | +4% | 5% | 14.8× | 4.3% | +0.7% |
| Ningxia Baofeng Energy 600989.SS | China | $23.4B | -31% | +35% | 35% | 8.4× | -7.8% | +24.8% |
| Shandong Hualu-Hengsheng Chemical 600426.SS | China | $8.27B | -32% | +3% | 16% | 12.3× | -2.5% | +18.7% |
Covestro has 2 bonds outstanding with $1.11B face value. The agencies rate it Aa3; its bonds trade like AA-. Weighted yield 3.63%, a spread of 66 bp over government bonds.