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German chemical group making silicones, polysilicon for solar and semiconductors, and polymer binders for construction and coatings.
German chemical group making silicones, polysilicon for solar and semiconductors, and polymer binders for construction and coatings.
Runs four segments with different rhythms: silicones and polymers sold to many industries on steadier demand, and polysilicon sold to solar and chip makers partly under long-term contracts, which swings with the solar cycle. The Wacker family holds a controlling stake, and the company also keeps a stake in chip-wafer maker Siltronic.
In one line: A German Dow Chemical for silicones and specialty polymers.
Moat: narrow (scale, process know-how, cost advantage). Large-scale, low-cost polysilicon and silicone production, but faces Chinese polysilicon overcapacity and price pressure.
Headquarters: Munich, Germany · Founded: 1914 · Employees: 16,467
Size Wacker Chemie (WCH.DE) is a Germany Materials company (Chemicals: Major Diversified) with a market value of $4.42B, the 75th largest of 205 Germany companies the cockpit tracks. Shares closed at €79.40 on 6 Nov 2026.
Performance Over six months the shares fell 23.5%, against -7.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +4.8%); the operating margin is -1.0% (peer median 7.8%).
Valuation It trades at 33.0× forward earnings against a peer median of 15.3× (3rd most expensive of 20).
Capital Return on invested capital runs 6.2 points below its cost of capital (5.5% WACC).
Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.41B | €5.49B | €5.72B | €6.40B | €8.21B |
| Revenue growth | — | -4% | -11% | -22% | — |
| Gross profit | n/a | €657M | €987M | €1.08B | €2.16B |
| EBITDA | n/a | €397M | €704M | €799M | €1.86B |
| Net income | -€798M | -€821M | €241M | €314M | €1.25B |
| Free cash flow | n/a | -€2.80M | -€341M | €297M | €564M |
| Capital expenditure | n/a | €553M | €695M | €640M | €561M |
| Total debt | €2.40B | €2.37B | €1.95B | €1.51B | €1.55B |
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 |
|---|---|---|---|---|---|---|
| Wacker Chemie WCH.DE | $4.42B | -24% | -5% | -1% | 33.0× | n/a |
| Dow DOW | $22.7B | -14% | +4% | 5% | 14.8× | 4.3% |
| Shin-etsu Chemical 4063.T | $66.5B | -27% | +5% | 25% | 17.2× | 8.9% |
| Tongwei 600438.SS | $8.27B | -29% | -12% | -15% | n/a | n/a |
| Evonik Industries EVK.DE | $11.0B | +19% | +2% | 10% | 12.0× | -6.2% |
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 | WCH.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | -10.1% | 11th highest of 21 |
| 6-month return | -23.5% | -7.9% | 8th lowest of 21 |
| Distance from 52-week high | -24.8% | -26.4% | 11th highest of 21 |
| Revenue growth (TTM) | -5.4% | +4.8% | 4th lowest of 21 |
| Operating margin | -1.0% | 7.8% | 2nd lowest of 21 |
| Forward P/E | 33.0× | 15.3× | 3rd most expensive of 20 |
| ROIC minus cost of capital | -6.2 pp | -1.8 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Perimeter Solutions PRM | United States | $4.83B | -7% | +24% | -51% | 18.3× | 36.6% | +14.0% |
| Johnson Matthey JMAT.L | United Kingdom | $4.01B | +14% | +8% | 3% | 13.3× | 9.6% | -4.0% |
| Kingfa Sci. & Tech 600143.SS | China | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% | +13.3% |
| Arkema AKE.PA | France | $4.96B | -9% | -6% | 5% | 13.7× | 12.5% | +2.8% |
| Tokyo Ohka Kogyo 4186.T | Japan | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% | +15.1% |
| Kuraray 3405.T | Japan | $3.52B | +14% | +3% | 7% | 15.0× | -0.2% | +8.3% |
| Ecopro 086520.KS | South Korea | $6.55B | -57% | +11% | 9% | 31.5× | n/a | n/a |
| Grandit 688549.SS | China | $2.89B | +36% | +40% | -1% | n/a | n/a | n/a |
| CES Energy Solutions CEU.TO | Canada | $2.82B | +4% | +11% | 10% | 14.1× | 9.2% | +22.9% |
| Element Solutions ESI | United States | $7.61B | -29% | +40% | 14% | 15.0× | 16.6% | +6.6% |
| Nippon Shokubai 4114.T | Japan | $2.27B | +11% | +4% | 6% | 16.2× | 4.1% | +7.9% |
| Mitsubishi Chemical 4188.T | Japan | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% | +2.6% |
| Hubei Sinophorus Electronic Materials 688545.SS | China | $2.24B | +11% | +75% | 11% | 68.3× | n/a | n/a |
| Aether Industries AETHER.NS | India | $2.20B | +29% | +31% | 25% | 72.6× | n/a | n/a |
| Solstice Advanced Materials SOLS | United States | $9.22B | -26% | +3% | 17% | 17.8× | 0.3% | +2.7% |
| Ingevity NGVT | United States | $2.07B | -21% | -12% | 25% | 10.4× | -0.9% | -0.8% |
| Eternal Materials 1717.TW | Taiwan | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% | +1.2% |