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Thursday, November 06, 2014

Corticeira Amorim - 2014 - 3rd quarter - Update

From my last post about this company, the stock has gone from 2.95€ to 3.17€ (+ 7.5 %).
Unfortunately, I didn't bought it at that time.

The results of this company are now known.

For a 12 months period ending in September 2014, comparing with a 12 months ending in September 2013, we have:

Revenue : + 1.5%
EBITDA : + 7.5%
Profit : + 31.3%
Book-value : + 3.0%


Which means that, to a quote at 3.10€:
PER : 11.4
P/B : 1.31

Plus, the company will pay an extra dividend of 0.07€ per share from acumulated results.

I think this company can reach at least 3.85€ in the next 3 years (excluding dividends).
So, to me, this is still a good price to buy the stock and watch it grow.


What do you think about this company? Do you know it? And about my analisys, it was simply to read? Feel free to comment and/or contact me.

Disclosure

This company has very little free-float, so risk of liquidity is big.
I don't have this stock in my portfolio but I can add it these days.

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