Declared Dividend • May 07
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 22nd May 2026 Payment date: 26th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • May 06
Corticeira Amorim, S.G.P.S., S.A. announces Annual dividend, payable on May 26, 2026 Corticeira Amorim, S.G.P.S., S.A. announced Annual dividend of EUR 0.3500 per share payable on May 26, 2026, ex-date on May 22, 2026 and record date on May 25, 2026. Reported Earnings • Feb 22
Full year 2025 earnings released: EPS: €0.42 (vs €0.52 in FY 2024) Full year 2025 results: EPS: €0.42 (down from €0.52 in FY 2024). Revenue: €861.0m (down 8.3% from FY 2024). Net income: €55.6m (down 20% from FY 2024). Profit margin: 6.5% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: €0.066 (vs €0.085 in 3Q 2024) Third quarter 2025 results: EPS: €0.066 (down from €0.085 in 3Q 2024). Revenue: €203.4m (down 9.8% from 3Q 2024). Net income: €8.86m (down 22% from 3Q 2024). Profit margin: 4.4% (down from 5.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: €0.15 (vs €0.15 in 2Q 2024) Second quarter 2025 results: EPS: €0.15 (in line with 2Q 2024). Revenue: €243.7m (down 8.4% from 2Q 2024). Net income: €20.4m (flat on 2Q 2024). Profit margin: 8.4% (up from 7.7% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. Declared Dividend • May 12
Dividend increased to €0.32 Dividend of €0.32 is 60% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: €0.12 (vs €0.12 in 1Q 2024) First quarter 2025 results: EPS: €0.12 (up from €0.12 in 1Q 2024). Revenue: €229.4m (down 2.3% from 1Q 2024). Net income: €16.4m (up 2.0% from 1Q 2024). Profit margin: 7.1% (up from 6.9% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Anuncio • May 08
Corticeira Amorim, S.G.P.S., S.A. announces Annual dividend, payable on May 28, 2025 Corticeira Amorim, S.G.P.S., S.A. announced Annual dividend of EUR 0.3200 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Reported Earnings • Feb 22
Full year 2024 earnings released: EPS: €0.52 (vs €0.67 in FY 2023) Full year 2024 results: EPS: €0.52 (down from €0.67 in FY 2023). Revenue: €939.1m (down 4.7% from FY 2023). Net income: €69.7m (down 22% from FY 2023). Profit margin: 7.4% (down from 9.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Declared Dividend • Dec 09
Dividend of €0.09 announced Shareholders will receive a dividend of €0.09. Ex-date: 16th December 2024 Payment date: 18th December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 9.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 02
Third quarter 2024 earnings released: EPS: €0.085 (vs €0.12 in 3Q 2023) Third quarter 2024 results: EPS: €0.085 (down from €0.12 in 3Q 2023). Revenue: €225.5m (flat on 3Q 2023). Net income: €11.3m (down 28% from 3Q 2023). Profit margin: 5.0% (down from 7.0% in 3Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 02
Second quarter 2024 earnings released: EPS: €0.15 (vs €0.21 in 2Q 2023) Second quarter 2024 results: EPS: €0.15 (down from €0.21 in 2Q 2023). Revenue: €266.0m (down 4.8% from 2Q 2023). Net income: €20.5m (down 26% from 2Q 2023). Profit margin: 7.7% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: €0.15 (vs €0.21 in 2Q 2023) Second quarter 2024 results: EPS: €0.15 (down from €0.21 in 2Q 2023). Revenue: €266.0m (down 4.8% from 2Q 2023). Net income: €20.4m (down 26% from 2Q 2023). Profit margin: 7.7% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 13
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.4%). Reported Earnings • May 13
First quarter 2024 earnings released: EPS: €0.12 (vs €0.18 in 1Q 2023) First quarter 2024 results: EPS: €0.12 (down from €0.18 in 1Q 2023). Revenue: €234.7m (down 9.7% from 1Q 2023). Net income: €16.1m (down 32% from 1Q 2023). Profit margin: 6.9% (down from 9.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 29
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Mar 29
Corticeira Amorim, S.G.P.S., S.A., Annual General Meeting, Apr 22, 2024 Corticeira Amorim, S.G.P.S., S.A., Annual General Meeting, Apr 22, 2024. Anuncio • Nov 12
Corticeira Amorim, S.G.P.S., S.A., Annual General Meeting, Dec 04, 2023 Corticeira Amorim, S.G.P.S., S.A., Annual General Meeting, Dec 04, 2023. Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: €0.12 (vs €0.13 in 3Q 2022) Third quarter 2023 results: EPS: €0.12 (down from €0.13 in 3Q 2022). Revenue: €223.9m (down 8.5% from 3Q 2022). Net income: €15.6m (down 5.7% from 3Q 2022). Profit margin: 7.0% (up from 6.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.21 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (up from €0.21 in 2Q 2022). Revenue: €279.4m (flat on 2Q 2022). Net income: €27.6m (flat on 2Q 2022). Profit margin: 9.9% (in line with 2Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be €12.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 2.7% per annum over the same time period. Buying Opportunity • Jul 17
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €12.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 2.7% per annum over the same time period. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: €0.18 (vs €0.15 in 1Q 2022) First quarter 2023 results: EPS: €0.18 (up from €0.15 in 1Q 2022). Revenue: €259.9m (down 1.4% from 1Q 2022). Net income: €23.8m (up 18% from 1Q 2022). Profit margin: 9.1% (up from 7.6% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €0.74 (vs €0.56 in FY 2021) Full year 2022 results: EPS: €0.74 (up from €0.56 in FY 2021). Revenue: €1.02b (up 22% from FY 2021). Net income: €98.4m (up 32% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 12
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 19 December 2022. Payment date: 21 December 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.0%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Maria Cristina Vilao was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
Second quarter 2022 earnings released: EPS: €0.21 (vs €0.18 in 2Q 2021) Second quarter 2022 results: EPS: €0.21 (up from €0.18 in 2Q 2021). Revenue: €282.0m (up 21% from 2Q 2021). Net income: €27.5m (up 17% from 2Q 2021). Profit margin: 9.7% (in line with 2Q 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.21 (vs €0.18 in 2Q 2021) Second quarter 2022 results: EPS: €0.21 (up from €0.18 in 2Q 2021). Revenue: €282.0m (up 21% from 2Q 2021). Net income: €27.5m (up 17% from 2Q 2021). Profit margin: 9.7% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 4.8%, compared to a 16% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: €0.15 (vs €0.12 in 1Q 2021) First quarter 2022 results: EPS: €0.15 (up from €0.12 in 1Q 2021). Revenue: €263.5m (up 32% from 1Q 2021). Net income: €20.1m (up 26% from 1Q 2021). Profit margin: 7.6% (down from 8.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.1%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • May 02
Full year 2021 earnings released: EPS: €0.56 (vs €0.48 in FY 2020) Full year 2021 results: EPS: €0.56 (up from €0.48 in FY 2020). Revenue: €837.8m (up 13% from FY 2020). Net income: €74.8m (up 16% from FY 2020). Profit margin: 8.9% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Lead Director Jose Alves was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.56 (up from €0.48 in FY 2020). Revenue: €837.8m (up 13% from FY 2020). Net income: €74.8m (up 16% from FY 2020). Profit margin: 8.9% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Dec 13
Upcoming dividend of €0.085 per share Eligible shareholders must have bought the stock before 20 December 2021. Payment date: 22 December 2021. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (4.2%). Lower than average of industry peers (3.4%). Reported Earnings • Dec 02
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: €0.14 (up from €0.11 in 3Q 2020). Revenue: €203.8m (up 13% from 3Q 2020). Net income: €18.6m (up 31% from 3Q 2020). Profit margin: 9.1% (up from 7.9% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 3.5%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Oct 04
Second quarter 2021 earnings released: EPS €0.18 (vs €0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €233.7m (up 24% from 2Q 2020). Net income: €23.5m (up 63% from 2Q 2020). Profit margin: 10.0% (up from 7.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.18 (vs €0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €233.7m (up 24% from 2Q 2020). Net income: €23.5m (up 63% from 2Q 2020). Profit margin: 10.0% (up from 7.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2021 earnings released: EPS €0.12 (vs €0.15 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €199.6m (down 2.0% from 1Q 2020). Net income: €16.0m (down 20% from 1Q 2020). Profit margin: 8.0% (down from 9.8% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • May 06
Upcoming dividend of €0.18 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 17 May 2021. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.6%). Is New 90 Day High Low • Dec 29
New 90-day high: €11.01 The company is up 5.0% from its price of €10.46 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.58 per share. Analyst Estimate Surprise Post Earnings • Nov 28
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 2.5%, compared to a 2.0% growth forecast for the Packaging industry in the United Kingdom. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS €0.11 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €179.8m (down 5.5% from 3Q 2019). Net income: €14.2m (up 1.3% from 3Q 2019). Profit margin: 7.9% (up from 7.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 2.2%, compared to a 1.4% growth forecast for the Packaging industry in the United Kingdom. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS €0.11 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €179.8m (down 5.5% from 3Q 2019). Net income: €14.2m (up 1.2% from 3Q 2019). Profit margin: 7.9% (up from 7.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Oct 30
New 90-day low: €9.57 The company is down 3.0% from its price of €9.87 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.11 per share. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total profits of €68.9m, down 10.0% from the prior year. Total revenue was €760.4m over the last 12 months, down 2.0% from the prior year.