Umicore S.A.

Umicore is global player in the materials technology and recycling industries. Co. focuses on application areas such as chemistry, materials science, metallurgy and recycling. Co.'s business model comprises four segments: Catalysis, Performance Materials, Energy Materials and Recycling. Catalysis focuses on the abatement of global automotive emissions; Performance Materials focuses on materials that help develop more sophisticated and safer products; Energy Materials produces materials used in the production and storage of clean energy including rechargeable batteries and photovoltaics; and Recycling treats complex waste streams containing precious and other non-ferrous metals.
  • TickerUMI
  • ISINBE0974320526
  • ExchangeEuronext Brussels
  • SectorChemicals
  • CountryBelgium
Guy Sips ...
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

Morning Note: EVS BB, FLOW NA, KDS NA, UCB BB, UMI BB

EVS: Selected by Canal+ for major infrastructure overhaul Flow Traders: Returning to the fundamental growth story Kiadis: € 875m outlicensing deal with Sanofi UCB: Ferring co-promotion on Cimzia syringe for Crohn’s Umicore: Creation of green zone around Hoboken debated

UMICORE SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of UMICORE SA (BE), a company active in the Waste & Disposal Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 30, 2020, the closing price was EUR 41.91 and its potential was estimated at EUR 50.17.

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: AGS BB, ATEB BB, BPOST BB, GREEN BB, IVA FP, RET BB, SEQUA:BB, UMI BB

Ageas: Chinese premiums growth back on track in style Atenor: Sale of last office building Au Fil Des Grands Pres bpost: CEO mentioned in potential market abuse case Greenyard: No surprises for FY19/20, guidance a bit soft Inventiva: Lanifibranor sets the new bar in NASH treatment Retail Estates: Increase of estimates post rent deal Sequana Medical: MOSAIC alfapump study results published Umicore: Issues € 500m convertible bonds Dynamic Top Pick List: Adding Inventiva to the dynamic topic list

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: ASC BB, DSM NA, GVNV NA, INGA NA, RET BB, UCB BB, UMI BB

Ascencio: 1HY19/20 & COVID-19 update as expected DSM: Model updated after Erber acquisition GrandVision: Ad hoc trading update ING: Orange bridge NL + Belgium fails: post mortem? Retail Estates: 50/50% rental deal as expected UCB: AAD presentations - Bime superiority over Stelara Umicore: Trading update reveals flat 1H EBIT

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ACKB BB, ASM NA, ASML NA, BESI NA, BRNL NA, CRBN NA, DIE BB, ELI BB, FUR NA, KPN NA, BOLS NA, PROX BB, RTL BB, SOLB BB, TNET BB, UMI BB, VAN BB, XFAB FP, XIOR BB

Ackermans: Quality Over Quantity ASM International: Lower Estimates and TP Due to COVID-19, BUY ASML: Lower Estimates and TP, Downgrade to Hold BESI: 1Q20 offers mixed picture Brunel International: Holding up in 1Q20, with a challenging 2Q20 ahead Corbion: Solid start of the year with 1Q EBITDA +27% D'Ieteren: Royalty in the portfolio Elia Group: Company note - Quality comes at a price Fugro: Acceptable Q1, low FY20 visibility KPN: Q1 a mixed bag, FY20 outlook maintained for now Lucas Bols: Preliminary FY figures and COVID-19 update Proximus: Q1 beat driven by cost cuts, Operational KPIs soft ...

Jérôme VINERIER

Analyse court terme - UMICORE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 36,54 €. La tendance de fond serait remise en cause en cas de franchissement de 50,80 €.

Jérôme VINERIER

Short term view - UMICORE : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €36.54. The background trend would be questioned should prices rise above €50.80.

Jérôme VINERIER

Analyse court terme - UMICORE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 36,54 €. La tendance de fond serait remise en cause en cas de franchissement de 50,80 €.

Jérôme VINERIER

Short term view - UMICORE : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €36.54. The background trend would be questioned should prices rise above €50.80.

Valérie GASTALDY

Analyse moyen terme - UMICORE : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 40,40 €. La tendance serait remise en cause par la rupture de 40,40 €.

Umicore Sa: 1 director sold

A director at Umicore Sa sold 21,800 shares at 40.000EUR and the significance rating of the trade was 92/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Guy Sips ...
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

Morning Note: EVS BB, FLOW NA, KDS NA, UCB BB, UMI BB

EVS: Selected by Canal+ for major infrastructure overhaul Flow Traders: Returning to the fundamental growth story Kiadis: € 875m outlicensing deal with Sanofi UCB: Ferring co-promotion on Cimzia syringe for Crohn’s Umicore: Creation of green zone around Hoboken debated

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: AGS BB, ATEB BB, BPOST BB, GREEN BB, IVA FP, RET BB, SEQUA:BB, UMI BB

Ageas: Chinese premiums growth back on track in style Atenor: Sale of last office building Au Fil Des Grands Pres bpost: CEO mentioned in potential market abuse case Greenyard: No surprises for FY19/20, guidance a bit soft Inventiva: Lanifibranor sets the new bar in NASH treatment Retail Estates: Increase of estimates post rent deal Sequana Medical: MOSAIC alfapump study results published Umicore: Issues € 500m convertible bonds Dynamic Top Pick List: Adding Inventiva to the dynamic topic list

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: ASC BB, DSM NA, GVNV NA, INGA NA, RET BB, UCB BB, UMI BB

Ascencio: 1HY19/20 & COVID-19 update as expected DSM: Model updated after Erber acquisition GrandVision: Ad hoc trading update ING: Orange bridge NL + Belgium fails: post mortem? Retail Estates: 50/50% rental deal as expected UCB: AAD presentations - Bime superiority over Stelara Umicore: Trading update reveals flat 1H EBIT

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ACKB BB, ASM NA, ASML NA, BESI NA, BRNL NA, CRBN NA, DIE BB, ELI BB, FUR NA, KPN NA, BOLS NA, PROX BB, RTL BB, SOLB BB, TNET BB, UMI BB, VAN BB, XFAB FP, XIOR BB

Ackermans: Quality Over Quantity ASM International: Lower Estimates and TP Due to COVID-19, BUY ASML: Lower Estimates and TP, Downgrade to Hold BESI: 1Q20 offers mixed picture Brunel International: Holding up in 1Q20, with a challenging 2Q20 ahead Corbion: Solid start of the year with 1Q EBITDA +27% D'Ieteren: Royalty in the portfolio Elia Group: Company note - Quality comes at a price Fugro: Acceptable Q1, low FY20 visibility KPN: Q1 a mixed bag, FY20 outlook maintained for now Lucas Bols: Preliminary FY figures and COVID-19 update Proximus: Q1 beat driven by cost cuts, Operational KPIs soft ...

Bart Cuypers ...
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs
  • Wido Jongman
  • Wim Hoste

Morning Note: ARCAD NA, ASRNL NA, ATEB BB, BEKB BB, BCART BB, CYAD BB, FLUX BB, IBAB BB, MIKO BB, PIC BB, TESB BB, UMI BB, XIOR BB

Arcadis: Share buy-back and dividend cancellation ASR: Close short, strong Sol 2, vanishing takeover hopes Atenor: New lease agreement for Vaci Greens building E Bekaert: COVID-19 impact Biocartis: SeptiCyte commercialisation and guidance impact Celyad: FY19 results and webcast feedback Fluxys Belgium: Sturdy FY19 results IBA: Earlier than expected margin pressure here to stay Miko: No dividend as Covid19 impacts out-of-home coffee Picanol: Covid-19 impact difficult to estimate Tessenderlo: FY adj EBITDA slightly lower than expected Umicore: COVID-19 update, guidance and dividend cancelled Xio...

UMICORE SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of UMICORE SA (BE), a company active in the Waste & Disposal Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 30, 2020, the closing price was EUR 41.91 and its potential was estimated at EUR 50.17.

Expert Corporate Governance Service (ECGS)

Umicore - AGM and EGM 25 April 2019

In general, Umicore is in compliance with the Belgian regulations relating to the organization and procedures of the Annual General Meeting. ITEMS 1 to 7.3 concern the Annual General Meeting. ITEM E.1 concerns the Extraordinary Meeting. Under ITEM 2, the board of directors seeks approval of the Company's remuneration report. Since ECGS does not approve of long term incentive plans that do not operate one or more challenging performance conditions, we recommend to OPPOSE. Under ITEM 7.1 it is proposed to re-elect Françoise Chombar as director. ECGS recommends shareholders to APPROVE. In th...

Umicore – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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