CORBION NV (CRBN.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:CRBN - NL0010583399 - Common Stock
19.71 EUR
+0.29 (+1.49%)
Overall CRBN gets a fundamental rating of 5 out of 10. We evaluated CRBN against 69 industry peers in the Chemicals industry. CRBN has an average financial health and profitability rating. CRBN is cheap, but on the other hand it scores bad on growth. These ratings could make CRBN a good candidate for value investing.
1. Profitability
1.1 Basic Checks
- In the past year CRBN was profitable.
- In the past year CRBN had a positive cash flow from operations.
- CRBN had positive earnings in each of the past 5 years.
- CRBN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- CRBN's Return On Assets of 4.57% is fine compared to the rest of the industry. CRBN outperforms 69.57% of its industry peers.
- CRBN has a Return On Equity of 9.14%. This is in the better half of the industry: CRBN outperforms 68.12% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 9.22%, CRBN is in the better half of the industry, outperforming 76.81% of the companies in the same industry.
- CRBN had an Average Return On Invested Capital over the past 3 years of 6.62%. This is in line with the industry average of 6.70%.
- The 3 year average ROIC (6.62%) for CRBN is below the current ROIC(9.22%), indicating increased profibility in the last year.
| 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 65.22% of its industry peers.
- CRBN's Profit Margin has improved in the last couple of years.
- CRBN has a Operating Margin of 8.70%. This is in the better half of the industry: CRBN outperforms 62.32% of its industry peers.
- In the last couple of years the Operating Margin of CRBN has declined.
- The Gross Margin of CRBN (26.10%) is worse than 62.32% of its industry peers.
- In the last couple of years the Gross Margin of CRBN has declined.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CRBN is still creating some value.
- CRBN has less shares outstanding than it did 1 year ago.
- CRBN has less shares outstanding than it did 5 years ago.
- CRBN has a better debt/assets ratio than last year.
2.2 Solvency
- CRBN has an Altman-Z score of 2.80. This is not the best score and indicates that CRBN is in the grey zone with still only limited risk for bankruptcy at the moment.
- The Altman-Z score of CRBN (2.80) is better than 60.87% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 4.92, CRBN is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
- CRBN has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
- CRBN has a Debt to Equity ratio (0.39) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 4.92 | ||
| Altman-Z | 2.8 |
ROIC/WACC1.39
WACC6.64%
2.3 Liquidity
- CRBN has a Current Ratio of 1.21. This is a normal value and indicates that CRBN is financially healthy and should not expect problems in meeting its short term obligations.
- CRBN has a Current ratio of 1.21. This is in the lower half of the industry: CRBN underperforms 79.71% of its industry peers.
- CRBN has a Quick Ratio of 1.21. This is a bad value and indicates that CRBN is not financially healthy enough and could expect problems in meeting its short term obligations.
- CRBN has a worse Quick ratio (0.60) than 86.96% 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%.
- Measured over the past years, CRBN shows a small growth in Revenue. The Revenue has been growing by 5.70% on average per year.
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
- CRBN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.24% yearly.
- Based on estimates for the next years, CRBN will show a decrease in Revenue. The Revenue will decrease by -1.71% on average per year.
EPS Next Y36.6%
EPS Next 2Y22.97%
EPS Next 3Y19.62%
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
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
- With a Price/Earnings ratio of 17.60, CRBN is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of CRBN indicates a somewhat cheap valuation: CRBN is cheaper than 72.46% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, CRBN is valued a bit cheaper.
- CRBN is valuated correctly with a Price/Forward Earnings ratio of 12.95.
- CRBN's Price/Forward Earnings ratio is rather cheap when compared to the industry. CRBN is cheaper than 81.16% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of CRBN to the average of the S&P500 Index (24.32), we can say CRBN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.6 | ||
| Fwd PE | 12.95 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRBN indicates a somewhat cheap valuation: CRBN is cheaper than 66.67% of the companies listed in the same industry.
- CRBN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CRBN is cheaper than 94.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.44 | ||
| EV/EBITDA | 8.12 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- CRBN has a very decent profitability rating, which may justify a higher PE ratio.
- CRBN's earnings are expected to grow with 19.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)0.36
EPS Next 2Y22.97%
EPS Next 3Y19.62%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.29%, CRBN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.33, CRBN pays a bit more dividend than its industry peers.
- CRBN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.29% |
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 2Y22.97%
EPS Next 3Y19.62%
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 36.6% 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%.