- Umicore is a material technology and recycling group.
- The company posted record results in 2021 on the back of an exceptional precious metal price environment.
- The stock price, however, has not performed well as the company did not meet expectations in its Rechargeable Battery Materials division.
- The recycling business will remain the earnings driver in the short term while battery materials will support earnings over the long term.
- With a decade-low P/E ratio of 15, Umicore is a buy at current price levels.
For further details see:
Umicore: High Commodity Prices And EU Policy Continue To Drive Earnings