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Covestro AG
Previous close
$63.65
Year range
$47.85 - $63.65
Market cap
10.74B EUR
P/E ratio
-
Dividend yield
-
Primary exchange
ETR
Market news
Financials
Income Statement
Revenue
Net income
| (EUR) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 3.60B | 0.98% |
Operating expense | 495.00M | 1.85% |
Net income | 33.00M | 206.45% |
Net profit margin | 0.92 | 205.75% |
Earnings per share | 0.17 | 206.25% |
EBITDA | 287.00M | 3.61% |
Effective tax rate | 40.38% | — |
Balance Sheet
Total assets
Total liabilities
| (EUR) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 539.00M | -48.76% |
Total assets | 13.86B | -2.70% |
Total liabilities | 7.20B | 0.31% |
Total equity | 6.67B | — |
Shares outstanding | 188.74M | — |
Price to book | 1.81 | — |
Return on assets | 1.37% | — |
Return on capital | 1.84% | — |
Cash Flow
Net change in cash
| (EUR) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 33.00M | 206.45% |
Cash from operations | 262.00M | -46.53% |
Cash from investing | -94.00M | -213.33% |
Cash from financing | -192.00M | -28.00% |
Net change in cash | -30.00M | -109.65% |
Free cash flow | 259.12M | -44.73% |
About
Covestro AG is a German company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer spin-off formed in the fall of 2015 and was formerly called Bayer MaterialScience.
Covestro shares were first offered on the Frankfurt Stock Exchange in October 2015. Bayer sold its entire remaining stake in May 2018, Bayer's pension fund had a 6.8% stake managed separately. On October 1st 2024 it was announced that ADNOC has struck a deal to buy Covestro for 14.7 billion euro.
The main industries served are automotive manufacturing and supply, electrical engineering and electronics, construction and home products, and sports and leisure. Their products include coatings and adhesives, polyurethanes that are used in thermal insulation, electrical housings, and as a component of footwear and mattresses, and polycarbonates such as Covestro's Makrolon, which are highly impact-resistant plastics. Covestro polyurethane was used in the 2014 official FIFA World Cup football. Wikipedia
Founded
Sep 1, 2015
Website
Employees
17,545
