Corbion N.V.

LSE:0QHL Stock Report

Market Cap: €1.3b

Corbion Valuation

Is 0QHL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QHL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QHL (€21.9) is trading above our estimate of fair value (€13.64)

Significantly Below Fair Value: 0QHL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QHL?

Key metric: As 0QHL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QHL. This is calculated by dividing 0QHL's market cap by their current earnings.
What is 0QHL's PE Ratio?
PE Ratio15.9x
Earnings€80.10m
Market Cap€1.28b

Price to Earnings Ratio vs Peers

How does 0QHL's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QHL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
VCT Victrex
24.6x37.8%UK£756.5m
JMAT Johnson Matthey
4.3x-21.3%UK£2.3b
TET Treatt
21.5x15.3%UK£242.9m
CRDA Croda International
29.5x15.2%UK£4.8b
0QHL Corbion
15.9x8.7%€1.3b

Price-To-Earnings vs Peers: 0QHL is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does 0QHL's PE Ratio compare vs other companies in the European Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QHL 15.9xIndustry Avg. 17.3xNo. of Companies12PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QHL is good value based on its Price-To-Earnings Ratio (15.9x) compared to the European Chemicals industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0QHL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QHL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: 0QHL is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0QHL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.90
€26.00
+18.7%
21.9%€32.00€15.00n/a6
Nov ’25€23.31
€26.25
+12.6%
21.6%€32.00€15.00n/a6
Oct ’25€25.80
€24.92
-3.4%
20.2%€30.00€15.00n/a6
Sep ’25€22.66
€24.65
+8.8%
22.6%€30.00€13.40n/a6
Aug ’25€20.52
€23.65
+15.3%
22.0%€29.00€13.40n/a6
Jul ’25€19.19
€23.65
+23.2%
22.0%€29.00€13.40n/a6
Jun ’25€20.28
€23.65
+16.6%
22.0%€29.00€13.40n/a6
May ’25€20.44
€23.65
+15.7%
22.0%€29.00€13.40n/a6
Apr ’25€19.88
€23.48
+18.1%
22.5%€29.00€13.40n/a6
Mar ’25€19.13
€22.75
+18.9%
24.5%€29.00€13.40n/a6
Feb ’25€17.20
€22.75
+32.3%
24.5%€29.00€13.40n/a6
Jan ’25€19.50
€24.42
+25.2%
14.9%€29.00€18.50n/a6
Dec ’24€16.43
€24.42
+48.6%
14.9%€29.00€18.50n/a6
Nov ’24€16.21
€24.42
+50.6%
14.9%€29.00€18.50€23.316
Oct ’24€18.88
€29.58
+56.7%
16.4%€37.00€23.00€25.806
Sep ’24€22.06
€29.58
+34.1%
16.4%€37.00€23.00€22.666
Aug ’24€21.47
€29.13
+35.7%
16.1%€36.00€23.00€20.524
Jul ’24€22.01
€29.13
+32.3%
16.1%€36.00€23.00€19.194
Jun ’24€25.43
€35.40
+39.2%
9.1%€38.11€30.00€20.284
May ’24€28.46
€35.40
+24.4%
9.1%€38.11€30.00€20.444
Apr ’24€30.12
€36.65
+21.7%
10.7%€40.00€30.00€19.884
Mar ’24€35.71
€38.28
+7.2%
10.5%€43.00€32.00€19.134
Feb ’24€35.41
€38.28
+8.1%
10.5%€43.00€32.00€17.204
Jan ’24€32.14
€33.03
+2.8%
12.4%€38.11€27.00€19.504
Dec ’23€32.94
€33.03
+0.3%
12.4%€38.11€27.00€16.434
Nov ’23€26.92
€36.22
+34.6%
20.3%€49.00€27.00€16.215

Analyst Forecast: Target price is less than 20% higher than the current share price.

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