Added to YB: 2024-08-01
Pitch date: 2024-07-30
COR.LS [bullish]
Corticeira Amorim, S.G.P.S., S.A.
Author Info
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Company Info
Corticeira Amorim, S.G.P.S., S.A. engages in the acquisition and transformation of cork into various cork and cork-related products in Portugal, Switzerland, Norway, the rest of the European Union, the rest of Europe, the United States, the rest of the American countries, Australasia, and Africa.
Market Cap
EUR 924.8M
Pitch Price
N/A
Price Target
13.64 (+106%)
Dividend
5.01%
EV/EBITDA
8.12
P/E
21.18
EV/Sales
1.30
Sector
Containers and Packaging
Category
growth
Corticeira $COR - The World's ONLY Cork Manufacturer
COR.LS: Amorim, world's largest cork producer (40% market share), faces margin pressure from rising cork prices. Vertically integrated, benefits from scale & global distribution. Strong R&D (NDTech for TCA-free corks). ESG-friendly, carbon-negative product. 50% upside potential based on DCF valuation. 2% dividend yield. Risks: cork price volatility, competition from alternatives.
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