Added to YB: 2024-08-01
Pitch date: 2024-07-30
COR.LS [bullish]
Corticeira Amorim, S.G.P.S., S.A.
-25.87%
current return
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 Europe, the United States, Rest of America, Australasia, and Africa.
Market Cap
EUR 1.0B
Pitch Price
EUR 8.82
Price Target
13.64 (+106%)
Dividend
5.28%
EV/EBITDA
7.99
P/E
14.77
EV/Sales
1.38
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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