CORBION NV (CRBN.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:CRBN - NL0010583399 - Common Stock
20.06 EUR
+0.15 (+0.75%)
Overall CRBN gets a fundamental rating of 5 out of 10. We evaluated CRBN against 71 industry peers in the Chemicals industry. CRBN has only an average score on both its financial health and profitability. CRBN has a bad growth rate and is valued cheaply. These ratings would make CRBN suitable for value investing!
1. Profitability
1.1 Basic Checks
- CRBN had positive earnings in the past year.
- CRBN had a positive operating cash flow in the past year.
- CRBN had positive earnings in each of the past 5 years.
- Each year in the past 5 years CRBN had a positive operating cash flow.
1.2 Ratios
- CRBN has a Return On Assets of 4.57%. This is in the better half of the industry: CRBN outperforms 67.61% of its industry peers.
- CRBN has a better Return On Equity (9.14%) than 66.20% of its industry peers.
- CRBN has a Return On Invested Capital of 9.22%. This is in the better half of the industry: CRBN outperforms 73.24% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for CRBN is in line with the industry average of 7.19%.
- The last Return On Invested Capital (9.22%) for CRBN is above the 3 year average (6.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 9.14% | ||
| ROIC | 9.22% |
ROA(3y)7.34%
ROA(5y)6.93%
ROE(3y)16.91%
ROE(5y)15.8%
ROIC(3y)6.62%
ROIC(5y)7.13%
1.3 Margins
- The Profit Margin of CRBN (5.12%) is better than 63.38% of its industry peers.
- In the last couple of years the Profit Margin of CRBN has grown nicely.
- The Operating Margin of CRBN (8.70%) is better than 60.56% of its industry peers.
- In the last couple of years the Operating Margin of CRBN has declined.
- CRBN has a worse Gross Margin (26.10%) than 63.38% of its industry peers.
- CRBN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.7% | ||
| PM (TTM) | 5.12% | ||
| GM | 26.1% |
OM growth 3Y1.69%
OM growth 5Y-4.15%
PM growth 3Y26.84%
PM growth 5Y41.37%
GM growth 3Y-0.41%
GM growth 5Y-2.31%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CRBN is creating some value.
- The number of shares outstanding for CRBN has been reduced compared to 1 year ago.
- CRBN has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for CRBN has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.81 indicates that CRBN is not a great score, but indicates only limited risk for bankruptcy at the moment.
- CRBN has a Altman-Z score (2.81) which is comparable to the rest of the industry.
- The Debt to FCF ratio of CRBN is 4.92, which is a neutral value as it means it would take CRBN, 4.92 years of fcf income to pay off all of its debts.
- CRBN's Debt to FCF ratio of 4.92 is fine compared to the rest of the industry. CRBN outperforms 73.24% of its industry peers.
- A Debt/Equity ratio of 0.39 indicates that CRBN is not too dependend on debt financing.
- The Debt to Equity ratio of CRBN (0.39) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 4.92 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.4
WACC6.57%
2.3 Liquidity
- A Current Ratio of 1.21 indicates that CRBN should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.21, CRBN is not doing good in the industry: 80.28% of the companies in the same industry are doing better.
- A Quick Ratio of 0.60 indicates that CRBN may have some problems paying its short term obligations.
- The Quick ratio of CRBN (0.60) is worse than 88.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- The earnings per share for CRBN have decreased strongly by -68.92% in the last year.
- Measured over the past years, CRBN shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.47% on average per year.
- CRBN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.95%.
- The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)-68.92%
EPS 3Y34.95%
EPS 5Y49.47%
EPS Q2Q%-74.51%
Revenue 1Y (TTM)2.95%
Revenue growth 3Y6.35%
Revenue growth 5Y5.7%
Sales Q2Q%1.33%
3.2 Future
- Based on estimates for the next years, CRBN will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.24% on average per year.
- The Revenue is expected to decrease by -1.71% on average over the next years.
EPS Next Y36.96%
EPS Next 2Y22.71%
EPS Next 3Y19.54%
EPS Next 5Y15.24%
Revenue Next Year-2.4%
Revenue Next 2Y-0.19%
Revenue Next 3Y1.19%
Revenue Next 5Y-1.71%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 17.91 indicates a rather expensive valuation of CRBN.
- Based on the Price/Earnings ratio, CRBN is valued a bit cheaper than 73.24% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.87. CRBN is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 13.24, which indicates a correct valuation of CRBN.
- Based on the Price/Forward Earnings ratio, CRBN is valued cheaply inside the industry as 81.69% of the companies are valued more expensively.
- CRBN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.91 | ||
| Fwd PE | 13.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CRBN is valued a bit cheaper than 69.01% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, CRBN is valued cheaply inside the industry as 91.55% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.64 | ||
| EV/EBITDA | 8.18 |
4.3 Compensation for Growth
- CRBN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of CRBN may justify a higher PE ratio.
- CRBN's earnings are expected to grow with 19.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)0.36
EPS Next 2Y22.71%
EPS Next 3Y19.54%
5. Dividend
5.1 Amount
- CRBN has a Yearly Dividend Yield of 3.25%.
- Compared to an average industry Dividend Yield of 2.45, CRBN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, CRBN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.25% |
5.2 History
- The dividend of CRBN has a limited annual growth rate of 5.02%.
Dividend Growth(5Y)5.02%
Div Incr Years1
Div Non Decr Years5
5.3 Sustainability
- 56.02% of the earnings are spent on dividend by CRBN. This is a bit on the high side, but may be sustainable.
- CRBN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP56.02%
EPS Next 2Y22.71%
EPS Next 3Y19.54%
CORBION NV / CRBN.AS FAQ
What is the fundamental rating for CRBN stock?
ChartMill assigns a fundamental rating of 5 / 10 to CRBN.AS.
What is the valuation status of CORBION NV (CRBN.AS) stock?
ChartMill assigns a valuation rating of 7 / 10 to CORBION NV (CRBN.AS). This can be considered as Undervalued.
What is the profitability of CRBN stock?
CORBION NV (CRBN.AS) has a profitability rating of 6 / 10.
What is the earnings growth outlook for CORBION NV?
The Earnings per Share (EPS) of CORBION NV (CRBN.AS) is expected to grow by 36.96% in the next year.
How sustainable is the dividend of CORBION NV (CRBN.AS) stock?
The dividend rating of CORBION NV (CRBN.AS) is 6 / 10 and the dividend payout ratio is 56.02%.