Fuchs Se FUPBY

MaterialsChemicalsGermany

Last close 12.29 USD on Nov 1, 2026, +12.9% year to date

Quant rating

Quant rating C Rank 144 of 220 in Materials

Growth C 143 of 220
Valuation D 160 of 220
Quality D 193 of 220
Revisions C 149 of 220
Momentum B 41 of 220

Wall Street consensus Strong Buy (1.00)Average target 14.00 USD +13.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.0B
Enterprise value: 6.0B
52-week range: 9.27 – 12.92
3-year range: 9.27 – 14.29
Dividend yield: 2.94%
Beta (5 years): 0.90
Shares outstanding: 131M
Next earnings: Oct 30, 2026

About the company

FUCHS SE, formerly Fuchs Petrolub SE, is a Germany-based company which is engaged in the development, production and supply of lubricants and related products for industry. Its portfolio of products includes lubricants for a range of applications, including engine and gear oils for vehicles and motorcycles; mould release agents for concrete and cement casting; metalworking fluids, which are used for cooling, lubricating and flushing in machine operations; metal forming lubricants, including prelube oils and process-compatible deep drawing oils, which are tailor-made for a range of metal forming processes; corrosion preventives, designed to protect bare metal surfaces of machinery and components; quenching oils, used in the heat treatment of metal; diverse greases for automobiles and heavy industry; industrial lubricants, and rapidly biodegradable lubricants. The Company operates within three geographic segments: Europe; Asia-Pacific, Africa, and North and South America.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	4,185	3,649	3,908	3,652	3,264	–
Revenue growth	14.7%	−6.6%	7.0%	11.9%	12.4%	7.6%
EPS (basic, normalized)	0.67	0.62	0.57	0.50	–	–
EPS growth	8.9%	9.1%	14.6%	–	–	–
Gross margin	35.0%	34.6%	32.4%	31.0%	33.7%	33.3%
Net margin	8.6%	8.6%	8.0%	7.6%	8.8%	8.3%
ROE	15.8%	16.3%	15.5%	14.4%	15.2%	15.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	208
Current ratio	2.09x
Long-term debt (mil)	62.3
Net debt (mil)	−43.0
Total equity (mil)	2,443
Net debt / equity	−0.02x
Net debt / EBITDA	−0.07x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	4,185	+14.7%	1.4x	618	+7.8%	9.7x	0.67	+8.9%	18.2x
2026	4,640	+10.9%	1.3x	670	+8.5%	9.0x	0.76	+12.5%	16.2x
2027	4,642	+0.1%	1.3x	679	+1.3%	8.8x	0.78	+2.6%	15.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,640	0.0%	+3.9%	+4.6%	0.76	0.0%	+12.0%	+13.1%
2027	4,642	0.0%	+1.9%	+2.6%	0.78	0.0%	+4.4%	+5.2%
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Chemicals

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
FUPBY Fuchs Se	6.0B	−0.07x	8.6%	2.83x	16.2x	15.8x	9.0x	8.8x
NVZMF Novozymes A/S	28.7B	1.73x	14.0%	2.58x	30.9x	28.0x	16.8x	15.4x
DOW Dow Inc.	25.1B	4.40x	−6.6%	1.56x	13.4x	19.0x	6.3x	7.1x
LYB LyondellBasell Industries N.V.	22.2B	4.09x	−2.6%	2.08x	7.5x	11.1x	6.1x	7.6x
SYIEY Symrise AG	14.5B	–	5.1%	3.42x	22.3x	19.3x	13.3x	12.4x
WLK Westlake Corp	8.7B	3.27x	−13.4%	1.00x	34.2x	27.7x	7.2x	6.9x
Mean		2.68x	0.8%	2.24x	20.8x	20.1x	9.8x	9.7x
Median		3.27x	1.2%	2.33x	19.3x	19.2x	8.1x	8.2x

Technical analysis

1M+0.5%
3M+4.7%
1Y+12.0%
3Y+37.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Fuchs Se, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	4,185	3,649	3,908	3,652	3,264	2,904
Cost of revenue	2,720	2,387	2,642	2,520	2,164	1,859
Gross profit	1,465	1,262	1,266	1,131	1,099	1,045
Selling, general & administrative expenses	768	662	667	609	574	553
Research & development	90.4	74.5	72.8	73.8	67.1	66.0
Depreciation/amortization	74.0	61.1	54.1	48.2	50.0	51.3
Interest expense (income), operating	−11.7	−6.2	−3.3	−3.2	−11.4	−12.2
Unusual expense (income)	9.4	8.3	4.4	2.1	2.3	6.1
Other operating expenses	23.5	13.5	15.5	10.7	4.5	−1.2
Operating income	511	449	456	391	413	382
Net interest income (expense)	−5.9	−5.2	−7.7	−8.6	−5.7	−6.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−2.3	−1.0	−3.3	0	0	0
Net income before taxes	503	443	445	382	407	376
Provision for taxes	143	130	132	104	118	106
Minority interest	0	0	−1.1	−1.1	−1.1	−1.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	359	313	311	277	288	269
Extraordinary items	–	–	–	–	–	–
Net income	359	313	311	277	288	269
EBIT, normalized	509	451	457	390	404	376
EBITDA, normalized	625	552	558	489	501	474
Basic EPS, normalized	0.67	0.62	0.57	0.50	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Fuchs Se, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	287	158	193	127	166	255
Receivables	668	584	599	589	532	496
Total inventory	665	587	578	680	576	438
Prepaid expenses	–	–	–	–	–	–
Other current assets	2.3	1.0	1.1	15.0	0	0
Total current assets	1,622	1,330	1,372	1,411	1,274	1,190
Property, plant & equipment	924	842	829	804	846	855
Goodwill	366	320	275	272	281	288
Intangibles	122	90.1	79.5	99.5	122	143
Long-term investments	76.3	71.4	68.4	66.4	58.0	73.3
Note receivable	–	–	–	–	–	–
Other long-term assets	63.4	48.7	50.8	48.2	46.6	40.3
Total assets	3,175	2,702	2,674	2,700	2,627	2,589
Liabilities
Accounts payable	366	291	287	247	258	243
Payable/accrued	–	–	–	–	–	–
Accrued expenses	134	119	127	66.4	62.5	55.0
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	44.6	62.1	38.6	172	39.8	17.1
Other current liabilities	153	128	127	150	155	184
Total current liabilities	698	600	579	636	515	500
Long-term debt	64.6	53.8	30.9	19.3	15.9	19.5
Minority interest	3.5	3.1	4.4	3.2	3.4	1.2
Other liabilities	88.1	80.8	72.8	74.9	100	140
Total liabilities	854	738	688	733	634	661
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	154	136	153	149	158	170
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	2,167	1,876	1,914	1,818	1,835	1,759
Treasury stock	–	–	–	–	–	–
Other equity	0	−47.6	−80.6	0	0	0
Total equity	2,321	1,964	1,986	1,967	1,993	1,928
Total liabilities & shareholders' equity	3,175	2,702	2,674	2,700	2,627	2,589

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Fuchs Se, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	359	313	312	278	289	270
Depreciation, depletion & amortization	116	100	108	101	97.8	97.7
Deferred taxes	−9.4	−2.1	−5.5	−6.4	0	−1.2
Non-cash items	−10.6	−10.4	−17.7	−11.8	−14.8	−14.7
Changes in working capital	21.1	3.1	202	−224	−180	87.9
Cash from operations	477	404	599	137	192	440
Investing activities
Capital expenditures	−108	−85.9	−91.6	−73.8	−90.9	−149
Other investing cash flows	−29.4	−106	1.1	0	−31.8	−139
Cash from investing	−137	−192	−90.5	−73.8	−123	−288
Financing activities
Financing cash flow items	0	−8.3	−1.1	−1.1	0	−1.2
Cash dividends paid	−180	−151	−159	−152	−156	−164
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−43.5	−76.6	−281	61.0	5.7	1.2
Cash from financing	−223	−236	−441	−92.0	−150	−164
Foreign exchange effects	−9.4	1.0	−5.5	0	9.1	0
Net change in cash	107	−22.8	61.8	−28.9	−71.6	−12.2
Free cash flow	369	318	508	63.1	101	291

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.