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Makes specialty chemicals, including adhesives, advanced materials and coating resins.
Makes specialty chemicals, including adhesives, advanced materials and coating resins.
Sells formulated materials such as adhesives, high-performance polymers and acrylic resins, priced on performance and long supplier relationships more than on tonnage, so margins hold up better than for bulk plastics. It has sold bulk commodity activities, including its acrylic glass business, to concentrate on specialties, and bought Bostik in 2015 to build adhesives.
Moat: narrow (process know-how, IP / patents). Specialty chemical formulations and application know-how differentiate it from commodity chemical producers.
Headquarters: Colombes, France · Founded: 2004 · Employees: 20,648
Size Arkema (AKE.PA) is a France Materials company (Chemicals: Major Diversified) with a market value of $4.96B, the 66th largest of 206 France companies the cockpit tracks. Shares closed at €57.65 on 6 Nov 2026.
Performance Over six months the shares fell 9.1%, against +7.1% for the median peer and -0.4% for the France market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 5.7% over the last twelve months (peer median +6.5%); the operating margin is 4.5% (peer median 8.4%).
Valuation It trades at 13.7× forward earnings against a peer median of 15.3× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.0 points below its cost of capital (8.0% WACC).
Credit Arkema has 8 bonds outstanding ($4.79B), rated BBB+ by the agencies and trading like AA- at a weighted spread of 81 bp.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €8.90B | €9.07B | €9.54B | €9.51B | €11.6B |
| Revenue growth | — | -5% | 0% | -18% | — |
| Gross profit | €1.59B | €1.61B | €1.94B | €1.96B | €2.58B |
| EBITDA | €1.23B | €1.25B | €1.53B | €1.50B | €1.99B |
| Net income | €59.9M | €39.0M | €338M | €402M | €949M |
| Free cash flow | €288M | €305M | €395M | €643M | €806M |
| Capital expenditure | €611M | €668M | €768M | €678M | €730M |
| Total debt | €5.07B | €5.36B | €5.25B | €4.97B | €3.96B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Arkema AKE.PA | $4.96B | -9% | -6% | 5% | 13.7× | 12.5% |
| Basf BAS.DE | $52.6B | +2% | -4% | 7% | 16.8× | 5.7% |
| Dow DOW | $22.7B | -14% | +4% | 5% | 14.8× | 4.3% |
| Evonik Industries EVK.DE | $11.0B | +19% | +2% | 10% | 12.0× | -6.2% |
| Henkel AG & Co. KGaA HEN.DE | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% |
| H.B. Fuller FUL | $2.68B | -19% | +1% | 11% | 9.5× | 3.5% |
| Celanese CE | $5.10B | -19% | +1% | 9% | 7.6× | 5.3% |
| Mitsubishi Chemical 4188.T | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% |
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 | AKE.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | -7.7% | 3rd highest of 21 |
| 6-month return | -9.1% | +7.1% | 8th lowest of 21 |
| Distance from 52-week high | -14.0% | -26.7% | 7th highest of 21 |
| Revenue growth (TTM) | -5.7% | +6.5% | 2nd lowest of 21 |
| Operating margin | 4.5% | 8.4% | 6th lowest of 21 |
| Forward P/E | 13.7× | 15.3× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 12.5% | 6.7% | 5th most demanding of 15 |
| Growth delivered (Del g) | +2.8% | +7.3% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | +9.7 pp | -2.7 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | -5.0 pp | -1.6 pp | 6th lowest of 21 |
| EV / EBITDA | 6.7× | 6.7× | 6th cheapest of 12 |
| Net debt / EBITDA | 2.9× | 1.7× | most indebted of 13 |
| Bond spread | 81 bp | 144 bp | 2nd tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Arkema AKE.PA | France | $4.96B | -9% | -6% | 5% | 13.7× | 12.5% | +2.8% |
| Kingfa Sci. & Tech 600143.SS | China | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% | +13.3% |
| Tokyo Ohka Kogyo 4186.T | Japan | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% | +15.1% |
| Perimeter Solutions PRM | United States | $4.83B | -7% | +24% | -51% | 18.3× | 36.6% | +14.0% |
| Wacker Chemie WCH.DE | Germany | $4.42B | -24% | -5% | -1% | 33.0× | n/a | n/a |
| Hubei Xingfa Chemicals 600141.SS | China | $4.19B | -27% | +4% | 8% | 15.3× | n/a | n/a |
| Avient AVNT | United States | $4.17B | +23% | +5% | 11% | 13.0× | 9.9% | +0.1% |
| Mitsui Chemicals 4183.T | Japan | $4.08B | -9% | -3% | 6% | 10.7× | 1.9% | +6.6% |
| Johnson Matthey JMAT.L | United Kingdom | $4.01B | +14% | +8% | 3% | 13.3× | 9.6% | -4.0% |
| Ecopro 086520.KS | South Korea | $6.55B | -57% | +11% | 9% | 31.5× | n/a | n/a |
| Kuraray 3405.T | Japan | $3.52B | +14% | +3% | 7% | 15.0× | -0.2% | +8.3% |
| Element Solutions ESI | United States | $7.61B | -29% | +40% | 14% | 15.0× | 16.6% | +6.6% |
| Grandit 688549.SS | China | $2.89B | +36% | +40% | -1% | n/a | n/a | n/a |
| Mitsubishi Chemical 4188.T | Japan | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% | +2.6% |
| CES Energy Solutions CEU.TO | Canada | $2.82B | +4% | +11% | 10% | 14.1× | 9.2% | +22.9% |
| Solstice Advanced Materials SOLS | United States | $9.22B | -26% | +3% | 17% | 17.8× | 0.3% | +2.7% |
| Peric Special Gases 688146.SS | China | $9.58B | +102% | +75% | 19% | 67.1× | 50.8% | +13.1% |
| Sasol Limited Sponsored ADR SSL | United States | $10.3B | +14% | +18% | 22% | 4.8× | n/a | n/a |
| Nippon Shokubai 4114.T | Japan | $2.27B | +11% | +4% | 6% | 16.2× | 4.1% | +7.9% |
| Hubei Sinophorus Electronic Materials 688545.SS | China | $2.24B | +11% | +75% | 11% | 68.3× | n/a | n/a |
| Evonik Industries EVK.DE | Germany | $11.0B | +19% | +2% | 10% | 12.0× | -6.2% | +2.9% |
Arkema has 8 bonds outstanding with $4.79B face value. The agencies rate it BBB+; its bonds trade like AA-. Weighted yield 3.87%, a spread of 81 bp over government bonds.