Corbion N.V. : Is the distribution phase coming to an end ?
Entry price | Target | Stop-loss | Potential |
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€46.5 |
€49.8 |
€44.75 |
+7.1% |
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An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Strengths● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
● With a 2021 P/E ratio at 34.55 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
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● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● Revenue estimates are regularly revised downwards for the current and coming years.
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