Amsterdam Commodities (ENXTAM:ACOMO) - Share price, News & Analysis

ACOMO fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	3/6
Dividends	2/6

ACOMO Stock Overview

Rewards

PE ratio (13.2x) is below the Dutch market (15.7x)

Earnings grew by 99.6% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 2.5% is not well covered by earnings

Amsterdam Commodities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Amsterdam Commodities
Historical stock prices
Current Share Price	€24.00
52 Week High	€27.10
52 Week Low	€21.10
Beta	0.77
1 Month Change	-3.23%
3 Month Change	-4.00%
1 Year Change	12.68%
3 Year Change	19.40%
5 Year Change	-6.42%
Change since IPO	1,592.18%

Recent News & Updates

Mar 06

Does Amsterdam Commodities (AMS:ACOMO) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jan 18

At €27.00, Is It Time To Put Amsterdam Commodities N.V. (AMS:ACOMO) On Your Watch List?

Amsterdam Commodities N.V. ( AMS:ACOMO ), is not the largest company out there, but it saw a double-digit share price...

Shareholder Returns

	ACOMO	NL Consumer Retailing	NL Market
7D	3.2%	2.7%	5.1%
1Y	12.7%	-9.6%	-15.2%

Return vs Industry: ACOMO exceeded the Dutch Consumer Retailing industry which returned -8.8% over the past year.

Return vs Market: ACOMO exceeded the Dutch Market which returned -15.2% over the past year.

Price Volatility

Is ACOMO's price volatile compared to industry and market?
ACOMO volatility
ACOMO Average Weekly Movement	3.2%
Consumer Retailing Industry Average Movement	5.9%
Market Average Movement	5.8%
10% most volatile stocks in NL Market	8.5%
10% least volatile stocks in NL Market	3.9%

Stable Share Price: ACOMO is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ACOMO's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1819	1,209	Kathy Fortmann	https://www.acomo.nl

Amsterdam Commodities N.V., together with its subsidiaries, engages in sourcing, trading, processing, packaging, and distributing conventional and organic food products and ingredients for the food and beverage industry worldwide. The company operates through five segments: Spices and Nuts, Edible Seeds, Organic Ingredients, Tea, and Food Ingredients. The Spices and Nuts segment provides tropical products, including pepper, nutmeg, desiccated coconut, shelled and unshelled nuts, dried fruits, dehydrated vegetables, herbs, chocolate, rice crackers, and snack products.

Amsterdam Commodities Fundamentals Summary

How do Amsterdam Commodities's earnings and revenue compare to its market cap?
ACOMO fundamental statistics
Market Cap	€710.64m
Earnings (TTM)	€53.96m
Revenue (TTM)	€1.25b

13.2x

P/E Ratio

0.6x

P/S Ratio

Is ACOMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACOMO income statement (TTM)
Revenue	€1.25b
Cost of Revenue	€1.08b
Gross Profit	€170.23m
Other Expenses	€116.28m
Earnings	€53.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.82
Gross Margin	13.57%
Net Profit Margin	4.30%
Debt/Equity Ratio	91.3%

How did ACOMO perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Amsterdam Commodities undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

13.17x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ACOMO (€24) is trading above our estimate of fair value (€18.57)

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

Price To Earnings Ratio

PE vs Industry: ACOMO is good value based on its PE Ratio (13.2x) compared to the European Consumer Retailing industry average (14.6x).

PE vs Market: ACOMO is good value based on its PE Ratio (13.2x) compared to the Dutch market (15.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACOMO's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ACOMO's PB Ratio (2x) is in line with the XE Consumer Retailing industry average.

Future Growth

How is Amsterdam Commodities forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.1%

Forecasted Consumer Retailing industry annual growth in earnings

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ACOMO's forecast earnings growth is above the savings rate (0.09%).

Earnings vs Market: Insufficient data to determine if ACOMO's earnings are forecast to grow faster than the Dutch market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ACOMO's revenue is forecast to grow faster than the Dutch market.

High Growth Revenue: Insufficient data to determine if ACOMO's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ACOMO's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Amsterdam Commodities performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACOMO has high quality earnings.

Growing Profit Margin: ACOMO's current net profit margins (4.3%) are higher than last year (3.8%).

Past Earnings Growth Analysis

Earnings Trend: ACOMO's earnings have grown by 4.8% per year over the past 5 years.

Accelerating Growth: ACOMO's earnings growth over the past year (99.6%) exceeds its 5-year average (4.8% per year).

Earnings vs Industry: ACOMO earnings growth over the past year (99.6%) exceeded the Consumer Retailing industry 25%.

Return on Equity

High ROE: ACOMO's Return on Equity (14.8%) is considered low.

Financial Health

How is Amsterdam Commodities's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ACOMO's short term assets (€588.8M) exceed its short term liabilities (€366.2M).

Long Term Liabilities: ACOMO's short term assets (€588.8M) exceed its long term liabilities (€134.9M).

Debt to Equity History and Analysis

Debt Level: ACOMO's net debt to equity ratio (90.4%) is considered high.

Reducing Debt: ACOMO's debt to equity ratio has increased from 50.2% to 91.3% over the past 5 years.

Debt Coverage: ACOMO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ACOMO's interest payments on its debt are well covered by EBIT (10.9x coverage).

Balance Sheet

Dividend

What is Amsterdam Commodities's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ACOMO's dividend (2.5%) is higher than the bottom 25% of dividend payers in the Dutch market (2.02%).

High Dividend: ACOMO's dividend (2.5%) is low compared to the top 25% of dividend payers in the Dutch market (5.81%).

Stability and Growth of Payments

Stable Dividend: ACOMO's dividend payments have been volatile in the past 10 years.

Growing Dividend: ACOMO's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), ACOMO's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: ACOMO is paying a dividend but the company has no free cash flows.

Next Steps

Explore strong dividend paying companies in the Consumer Retailing industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure

CEO

Kathy Fortmann (54 yo)

0.67

Tenure

€1,210,159

Compensation

Ms. Kathy Lynn Fortmann serves as Chief Executive Officer & Director at Amsterdam Commodities N.V. since September 15, 2021. She is Independent Director of FMC Corporation from April 28, 2022. She served a...

CEO Compensation Analysis

Compensation vs Market: Kathy's total compensation ($USD1.26M) is about average for companies of similar size in the Dutch market ($USD1.15M).

Compensation vs Earnings: Insufficient data to compare Kathy's compensation with company performance.

Leadership Team

Experienced Management: ACOMO's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: ACOMO's board of directors are considered experienced (5.1 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31