Elkem is a subsidiary of Bluestar Elkem International Co. Ltd. SA and maintains strategic positioning as a key supplier to high-growth sectors including renewable energy and electric mobility. The company operates through three reportable segments—Silicones, Silicon Products, and Carbon Solutions—with silicones generating the majority of revenue.
Cyborg Score Rationale
Elkem demonstrates solid fundamentals with $1.67B market cap and $1.59B trailing twelve-month revenue as of Q3 2025. Recent EBITDA trends show compression ($890M in Q4 2025 vs $1,173M in Q4 2024), reflecting cyclical chemical industry pressures, though long-term exposure to growing sectors like renewables and EV markets provides structural support.
Top Insights
Subsidiary of Bluestar Elkem International; Chinese ownership provides capital access but raises geopolitical considerations
Silicones segment is primary revenue driver; diversification across three business units reduces concentration risk
Serves critical industries including solar energy and electric mobility, aligned with long-term decarbonization trends
Recent stock decline over 50% from highs presents potential recovery opportunity as chemical industry cycles
Named Competitors
Silicones — Global silicone polymers and solutions competitor
Silicon Materials — European silicon and specialty chemicals producer