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German manufacturer of industrial and automotive lubricants sold worldwide.
German manufacturer of industrial and automotive lubricants sold worldwide.
Sells lubricants and related specialities to a wide mix of industrial users, with a large part supplied directly to equipment makers who specify its product for the first fill. The Fuchs family holds a controlling stake in the voting shares, and the company has both ordinary and preference shares.
Moat: narrow (process know-how, brand, switching costs). World's largest independent lubricant maker with formulation expertise specified into OEM equipment.
Headquarters: Mannheim, Germany · Founded: 1931 · Employees: 6,879
Size Fuchs (FPE.DE) is a Germany Materials company (Industrial Specialties) with a market value of $5.87B, the 65th largest of 205 Germany companies the cockpit tracks. Shares closed at €36.95 on 6 Nov 2026.
Performance Over six months the shares gained 20.6%, against -11.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +11.0%); the operating margin is 13.5% (peer median 12.4%).
Valuation It trades at 13.8× forward earnings against a peer median of 29.5× (2nd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.4 points above its cost of capital (6.4% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.99B | €3.56B | €3.52B | €3.54B | €3.41B |
| Revenue growth | — | +1% | 0% | +4% | — |
| Gross profit | €1.38B | €1.19B | €1.16B | €1.09B | €1.00B |
| EBITDA | €638M | €530M | €524M | €502M | €453M |
| Net income | €359M | €306M | €302M | €282M | €259M |
| Free cash flow | €216M | €314M | €307M | €460M | €59.0M |
| Capital expenditure | €111M | €92.0M | €83.0M | €83.0M | €69.0M |
| Total debt | €143M | €93.0M | €112M | €63.0M | €179M |
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 |
|---|---|---|---|---|---|---|
| Fuchs FPE.DE | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% |
| Valvoline VVV | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% |
| ExxonMobil XOM | $677B | +16% | +21% | 14% | 11.8× | -5.9% |
| TotalEnergies TTE.PA | $200B | +2% | +11% | 17% | 7.0× | -15.6% |
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 | FPE.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.9% | -3.5% | 10th highest of 20 |
| 6-month return | +20.6% | -11.2% | 3rd highest of 20 |
| Distance from 52-week high | -6.7% | -28.8% | 3rd highest of 20 |
| Revenue growth (TTM) | +12.1% | +11.0% | 10th highest of 21 |
| Operating margin | 13.5% | 12.4% | 10th highest of 21 |
| Forward P/E | 13.8× | 29.5× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -4.4% | 13.5% | least demanding of 14 |
| Growth delivered (Del g) | +8.4% | +11.8% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | -12.8 pp | +1.8 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +11.4 pp | +0.9 pp | 2nd highest of 21 |
| EV / EBITDA | 8.1× | 17.1× | 2nd cheapest of 12 |
| Net debt / EBITDA | -0.1× | 1.1× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% | +8.4% |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 12% | 41.5× | 38.5% | +11.8% |
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 13.4× | n/a | n/a |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| SICC 688234.SS | China | $4.98B | -24% | +20% | -5% | 202.4× | n/a | n/a |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 11% | 18.2× | 6.9% | +9.6% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
| Axalta Coating Systems AXTA | United States | $7.80B | +25% | 0% | 14% | 14.0× | 8.3% | +6.5% |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 17% | 16.5× | n/a | n/a |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% | +5.0% |
| AZZ AZZ | United States | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% | +14.5% |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | -3% | 104.6× | 2.9% | +22.2% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 10% | n/a | n/a | n/a |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 29.5× | 27.7% | +8.9% |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 19% | 35.7× | 34.8% | +9.6% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 31.9× | n/a | n/a |