SOLB Stock Analysis: Solvay | BR

Chemicals | BR, Belgium | Market Cap: 2.731m EUR | 12M Return: -0.8% | Charts, Fundamentals & Technical Analysis

Soda Ash, Hydrogen Peroxide, Silica, Fluorine
Total Rating 50
Safety 70
Buy Signal -1.50
Chemicals
Industry Rotation: +19.8
Market Cap: 3.12B
Avg Turnover: 7.04M
Risk 3d forecast
Volatility22.7%
VaR 5th Pctl3.91%
VaR vs Median4.37%
Reward TTM
Sharpe Ratio0.13
Rel. Str. IBD36.4
Rel. Str. Peer Group50
Character TTM
Beta0.018
Beta Downside0.000
Hurst Exponent0.421
Drawdowns 3y
Max DD29.95%
CAGR/Max DD0.61
CAGR/Mean DD1.26
EPS (Earnings per Share) EPS (Earnings per Share) of SOLB over the last years for every Quarter: "2021-06": 2.66, "2021-09": 2.64, "2021-12": 2.41, "2022-03": 3.56, "2022-06": 4.52, "2022-09": 4.9, "2022-12": 3.77, "2023-03": 4.42, "2023-06": 4.06, "2023-09": 3.23, "2023-12": 0.3, "2024-03": 1.0076, "2024-06": 1.05, "2024-09": 0.99, "2024-12": 0.96, "2025-03": 0.93, "2025-06": 0.92, "2025-09": 0.83, "2025-12": 0.13, "2026-03": 0.73,
EPS CAGR: -49.87%
EPS Trend: -92.8%
Last SUE: 0.84
Qual. Beats: 1
Revenue Revenue of SOLB over the last years for every Quarter: 2021-06: 2689, 2021-09: 2864, 2021-12: 3278, 2022-03: 3693, 2022-06: 4062, 2022-09: 4410, 2022-12: 3907, 2023-03: 3608, 2023-06: 3451, 2023-09: 3033, 2023-12: 1341, 2024-03: 1298, 2024-06: 1333, 2024-09: 1246, 2024-12: 1254, 2025-03: 1243, 2025-06: 1212, 2025-09: 1196, 2025-12: 1094, 2026-03: 1142,
Rev. CAGR: -36.85%
Rev. Trend: -91.4%
Last SUE: 4.00
Qual. Beats: 2

Warnings

Volatile

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan +1.1% 11
Feb -0.8% 0
Mar -1.3% 15
Apr +2.5% 41
May +5.2% 28
Jun -0.5% 0
Jul +0.1% 8
Aug -2.4% 39
Sep +0.5% 5
Oct -2.2% 22
Nov +0.8% 8
Dec -1.4% 32

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: SOLB Solvay

Solvay SA is a Belgian diversified chemicals producer that manufactures both basic and performance chemicals for global markets, organized under the Materials sector. The companys product portfolio spans soda ash and derivatives (used in glass, lithium-ion batteries, and detergents), sodium bicarbonate (for food, feed, and healthcare), hydrogen peroxide (for pulp, paper, water treatment, and electronics), precipitated and highly dispersible silica (primarily for tires and personal care), polyamides, oxygenated solvents, and fluorine and rare-earth formulations for automotive and electronics applications.

The business model is anchored in serving industrial B2B customers across multiple end-markets, including construction, automotive, packaging, food production, and electronics, with a portfolio mix of commodity-scale basic chemicals and higher-value specialty products. Founded in 1863 and headquartered in Brussels, Solvay has built its position through long-standing process expertise, particularly in soda ash and hydrogen peroxide production, and supplies both downstream manufacturers and intermediate chemical processors worldwide.

Headlines to Watch Out For
  • Soda ash segment drives revenue on solar glass and battery demand
  • European energy costs compress soda ash and peroxide margins
  • Tire silica volumes track global automotive production
Piotroski VR-10 (Strict) 5.0
Net Income: -26.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 2.20 > 1.0
NWC/Revenue: 8.70% < 20% (prev 12.86%; Δ -4.17% < -1%)
CFO/TA 0.10 > 3% & CFO 611.0m > Net Income -26.0m
Net Debt (2.07b) to EBITDA (663.0m): 3.13 < 3
Current Ratio: 1.23 > 1.5 & < 3
Outstanding Shares: last quarter (105.1m) vs 12m ago -0.48% < -2%
Gross Margin: 21.90% > 18% (prev 21.85%; Δ 0.05% > 0.5%)
Asset Turnover: 74.05% > 50% (prev 80.0%; Δ -5.95% > 0%)
Interest Coverage Ratio: 2.11 > 6 (EBIT TTM 259.0m / Interest Expense TTM 123.0m)
Altman Z'' 1.72
A: 0.07 (Total Current Assets 2.19b - Total Current Liabilities 1.79b) / Total Assets 6.20b
B: 0.24 (Retained Earnings 1.49b / Total Assets 6.20b)
C: 0.04 (EBIT TTM 259.0m / Avg Total Assets 6.27b)
D: 0.22 (Book Value of Equity 1.12b / Total Liabilities 5.02b)
Altman-Z'' = 1.72 = BBB
Beneish M -3.03
DSRI: 0.98 (Receivables 1.08b/1.21b, Revenue 4.64b/5.08b)
GMI: 1.00 (GM 21.85% / 21.90%)
AQI: 1.14 (AQ_t 0.27 / AQ_t-1 0.24)
SGI: 0.91 (Revenue 4.64b / 5.08b)
TATA: -0.10 (NI -26.0m - CFO 611.0m) / TA 6.20b)
Beneish M = -3.03 (Cap -4..+1) = AA
What is the price of SOLB shares?

As of July 29, 2026, the stock is trading at EUR 26.22 with a total of 235,183 shares traded. Over the past week, the price has changed by +1.63%, over one month by -0.98%, over three months by +1.26% and over the past year by -0.84%.

Current recommended Stop Loss: 25.40 (which is 3.1% or 1.4 ATR below the current price).

Is SOLB a buy, sell or hold?

Solvay has no consensus analysts rating.

Solvay (SOLB) - Fundamental Data Overview as of 21 July 2026
Market Cap USD = 3.12b (2.73b EUR * 1.141 EUR.USD)
P/E Forward = 10.7527
P/S = 0.588
P/B = 2.4472
P/EG = 0.2896
Revenue TTM = 4.64b EUR
EBIT TTM = 259.0m EUR
EBITDA TTM = 663.0m EUR
Long Term Debt = 1.83b EUR (from longTermDebt, last quarter)
Short Term Debt = 366.0m EUR (from shortTermDebt, last quarter)
Debt = 2.58b EUR (from shortLongTermDebtTotal, last quarter) + Leases 379.0m
Net Debt = 2.07b EUR (calculated: Debt 2.58b - CCE 501.0m)
Enterprise Value = 4.81b EUR (2.73b + Debt 2.58b - CCE 501.0m)
Interest Coverage Ratio = 2.11 (Ebit TTM 259.0m / Interest Expense TTM 123.0m)
EV/FCF = 11.55x (Enterprise Value 4.81b / FCF TTM 416.0m)
FCF Yield = 8.66% (FCF TTM 416.0m / Enterprise Value 4.81b)
FCF Margin = 8.96% (FCF TTM 416.0m / Revenue TTM 4.64b)
Net Margin = -0.56% (Net Income TTM -26.0m / Revenue TTM 4.64b)
Gross Margin = 21.90% ((Revenue TTM 4.64b - Cost of Revenue TTM 3.63b) / Revenue TTM)
Gross Margin QoQ = 23.29% (prev 21.39%)
Tobins Q-Ratio = 0.78 (Enterprise Value 4.81b / Total Assets 6.20b)
Interest Expense / Debt = 4.78% (Interest Expense 123.0m / Debt 2.58b)
Taxrate = 35.71% (15.0m / 42.0m)
NOPAT = 166.5m (EBIT 259.0m * (1 - 35.71%))
Current Ratio = 1.23 (Total Current Assets 2.19b / Total Current Liabilities 1.79b)
Debt / Equity = 2.31 (Debt 2.58b / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 3.13 (Net Debt 2.07b / EBITDA 663.0m)
Debt / FCF = 4.99 (Net Debt 2.07b / FCF TTM 416.0m)
Total Stockholder Equity = 1.12b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.41% (Net Income -26.0m / Total Assets 6.20b)
RoE = -2.32% (Net Income TTM -26.0m / Total Stockholder Equity 1.12b)
RoCE = 8.78% (EBIT 259.0m / Capital Employed (Equity 1.12b + L.T.Debt 1.83b))
RoIC = 3.66% (NOPAT 166.5m / Invested Capital 4.55b)
WACC = 4.60% (E(2.73b)/V(5.31b) * Re(6.04%) + D(2.58b)/V(5.31b) * Rd(4.78%) * (1-Tc(0.36)))
Discount Rate = 6.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.08 | Cagr: -0.07%
[DCF] Terminal Value 77.97% ; FCFF base≈364.0m ; Y1≈417.3m ; Y5≈614.1m
[DCF] Fair Price = 68.60 (EV 9.24b - Net Debt 2.07b = Equity 7.17b / Shares 104.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -92.83 | EPS CAGR: -49.87% | SUE: 0.84 | # QB: 1
Revenue Correlation: -91.43 | Revenue CAGR: -36.85% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.41 | Chg30d=-12.15% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.33 | Chg30d=+0.77% | Revisions=-12% | GrowthEPS=-17.9% | GrowthRev=-3.6%
EPS next Year (2027-12-31): EPS=2.59 | Chg30d=-0.23% | Revisions=-22% | GrowthEPS=+11.1% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: -19% (up=5, down=8)