Belgian Market Community

Strong Operational Momentum Palm oil production up +19.1% YoY , driven by improved yields and extraction rates. Banana volumes up +3.4% , supported by maturing plantations.Read more

Proximus: The Amplify Reset State-Backed Infrastructure at ~5x P/E, Building Toward €400M FCF by 2030 Update: February 27 The Day the Dividend Got Cut and the Smart Money Went All-In Something strange happened on February 27. Proximus cut its dividend.Read more

NAV As Sofina is an investment holding company, NAV is an important factor in my evaluation. This Net Asset Value is estimated at a price share of 297 Eur, up from 294 last year.Read more

Agfa-Gevaert: A New Lease of Life Through Digitalisation and Materials Innovation A Careful Industrial Repositioning, Driven by Discipline, Digitalisation, and Speciality Materials Agfa-Gevaert (Euronext: AGFB) has undergone a transformation from an iconic photographic company into a focused digital imaging and specialty materials company. Following the sale of its Offset Solutions division to Aurelius Group in 2023, Agfa significantly reduced its exposure to the cyclical print sector and freed up capital for growth in higher-margin segments, such as digital radiology, industrial inkjet, and advanced chemical materials.Read more

AB InBev (BUD) Intrinsic Value (StockWatch DCF) Data & Assumptions: AB InBev’s 5-year beta is 0.87 stockanalysis.com. The 10-year US Treasury yield (risk-free rate) is about 4.29% ycharts.com.Read more

I'll calculate Deceuninck's intrinsic value using three valuation methods: DCF, Liquidation Value, and Motivated Private Buyer. Financial Data Extraction (€ millions) Historical Performance 2022 2023 2024 Revenue 974.1 866.1 827.0 EBITDA 102.3 117.9 118.1 EBIT 47.2 51.9 62.9 Net Profit 7.6 13.6 15.9 Free Cash Flow 71.7 71.8 34.0* *Estimated: Operating CF (72.1) - CapEx (38.5) Balance Sheet (2024) Total Assets 722.2 Cash 34.1 Net Debt 85.1 Working Capital 104.4 PPE (net) 304.7 Equity 355.6 Shares Outstanding 138.5M 1.Read more

This belgian REIT feels confident in meeting customers needs and trends and challenges related to internet purchasing. I put its value to EUR 50 per share, which corresponds to the sectorial discount of 20 %.Read more

Lotus has been a very good company positive: with future revenue growth around 12% and profit margins increasing, the fair value is still high, even with decreasing p/e and using an 8% discount rate, they are still at least 10% undervalued great balance sheets with low debts/equity - 35% High increasing demand for their flagship cookie in Asia building of a new factory in Thailand to follow the increasing demand should help ensure future revenue growth currently at a discount, having as low a p/e as it has basically has had in the last 5 years High ROA compared to industry - 11% compared to 3 % 3Y free cash flow cagr of 9.90% is in the top 25% of its sector. increasing dividend payments expansion into ice cream products in cooperation with Mondelez negative: they are still at a high p/e ratio of 40X, even with this recent discount A slow down in future revenue growth due to inability to follow increasing demand with increasing production capacity could lead to a lower p/e balance in the futureRead more

Why has the stock dropped? Proximus had to invest heavily in the deployment of Fiber.Read more