CORBION N.V. |
Market Closed -
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After market 01:48:52 pm | |||
| 20.94 EUR | -0.48% |
|
20.96 | +0.10% |
| Apr. 26 | Transcript : Corbion N.V., Q1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 17 | Evotec Names First Chief People Officer | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,652 | 2,715 | 2,443 | 1,879 | 1,149 | 1,243 | - | - |
| Enterprise Value (EV) 1 | 1,956 | 2,999 | 2,904 | 1,879 | 1,149 | 1,689 | 1,709 | 1,652 |
| P/E ratio | 65.4 x | 37.5 x | 31.4 x | 21.1 x | 15.9 x | 22.9 x | 14.5 x | 11.7 x |
| Yield | 1.99% | 1.21% | 1.35% | - | - | 2.99% | 2.95% | 3.23% |
| Capitalization / Revenue | 1.69 x | 2.75 x | 2.28 x | 1.29 x | 0.8 x | 0.95 x | 0.89 x | 0.86 x |
| EV / Revenue | 2 x | 3.04 x | 2.71 x | 1.29 x | 0.8 x | 1.28 x | 1.22 x | 1.14 x |
| EV / EBITDA | 13.4 x | 18.9 x | 21.4 x | 10.2 x | 5.99 x | 10.5 x | 7.97 x | 6.96 x |
| EV / FCF | 204 x | 149 x | -23 x | - | - | 34 x | 33.5 x | 30.6 x |
| FCF Yield | 0.49% | 0.67% | -4.35% | - | - | 2.94% | 2.98% | 3.27% |
| Price to Book | 3.12 x | 5.27 x | 4.41 x | - | - | 1.9 x | 1.74 x | 1.58 x |
| Nbr of stocks (in thousands) | 58,765 | 58,820 | 58,952 | 59,013 | 59,273 | 59,091 | - | - |
| Reference price 2 | 28.12 | 46.15 | 41.44 | 31.84 | 19.38 | 21.04 | 21.04 | 21.04 |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 976.4 | 986.5 | 1,071 | 1,458 | 1,444 | 1,315 | 1,401 | 1,447 |
| EBITDA 1 | 145.9 | 158.8 | 135.8 | 184.4 | 191.8 | 160.1 | 214.3 | 237.4 |
| EBIT 1 | 85 | 98.5 | 71.7 | 108 | 107.2 | 84.53 | 126.8 | 151.3 |
| Operating Margin | 8.71% | 9.98% | 6.7% | 7.41% | 7.42% | 6.43% | 9.05% | 10.46% |
| Earnings before Tax (EBT) 1 | 44.7 | 87.7 | 86.5 | 116.4 | 85.3 | 90 | 105.4 | 134 |
| Net income 1 | 25.8 | 73.1 | 78.3 | 90 | 88.7 | 53.75 | 93.5 | 105.5 |
| Net margin | 2.64% | 7.41% | 7.31% | 6.17% | 6.14% | 4.09% | 6.68% | 7.29% |
| EPS 2 | 0.4300 | 1.230 | 1.320 | 1.510 | 1.220 | 0.9200 | 1.447 | 1.805 |
| Free Cash Flow 1 | 9.6 | 20.1 | -126.3 | - | - | 49.65 | 50.97 | 53.95 |
| FCF margin | 0.98% | 2.04% | -11.79% | - | - | 3.78% | 3.64% | 3.73% |
| FCF Conversion (EBITDA) | 6.58% | 12.66% | - | - | - | 31.01% | 23.78% | 22.72% |
| FCF Conversion (Net income) | 37.21% | 27.5% | - | - | - | 92.37% | 54.51% | 51.14% |
| Dividend per Share 2 | 0.5600 | 0.5600 | 0.5600 | - | - | 0.6300 | 0.6200 | 0.6800 |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2023 Q2 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 492.2 | 515.6 | 282 | 273.2 | 320.1 | 367.3 | 378.4 | - | 353 |
| EBITDA 1 | 83.8 | 77.1 | 36.4 | 22.3 | 40 | - | 48.4 | - | 39.3 |
| EBIT | 45.7 | 70.3 | - | - | - | 28.9 | - | 53.6 | - |
| Operating Margin | 9.28% | 13.63% | - | - | - | 7.87% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/7/20 | 8/10/21 | 10/27/21 | 2/25/22 | 4/29/22 | 8/10/22 | 8/10/23 | 8/10/23 | 10/26/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 303 | 284 | 461 | - | - | 445 | 466 | 408 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.079 x | 1.79 x | 3.395 x | - | - | 2.782 x | 2.173 x | 1.72 x |
| Free Cash Flow 1 | 9.6 | 20.1 | -126 | - | - | 49.7 | 51 | 54 |
| ROE (net income / shareholders' equity) | 8.77% | 14% | 14.6% | - | - | 7.3% | 12.2% | 15% |
| ROA (Net income/ Total Assets) | 4.47% | 6.75% | - | - | - | - | - | - |
| Assets 1 | 576.8 | 1,083 | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.000 | 8.760 | 9.400 | - | - | 11.10 | 12.10 | 13.30 |
| Cash Flow per Share 2 | 1.940 | 1.850 | 0.3800 | - | - | 2.100 | 3.170 | 3.390 |
| Capex 1 | 82.6 | 88.9 | 149 | - | - | 108 | 111 | 121 |
| Capex / Sales | 8.46% | 9.01% | 13.89% | - | - | 8.21% | 7.95% | 8.39% |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
21.04
EUR
Average target price
23.65
EUR
Spread / Average Target
+12.40%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +8.57% | 1.33B | |
| +14.32% | 64.83B | |
| -3.80% | 46.29B | |
| +13.69% | 40.05B | |
| +20.84% | 26.72B | |
| +8.66% | 18.97B | |
| +0.65% | 17.45B | |
| -21.03% | 15.82B | |
| +0.81% | 15.02B | |
| -13.28% | 14.73B |
- Stock Market
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- Financials Corbion N.V.
