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Ticker: ELI: COR Potential: -20.6% Price: 12.86
Market Profile
52Week High/Low 7.21-12.89
xxxEquity Report
Avg. Volume (3M) 47 210
Dividend Yield 1.41% The Amorim Group is one of the largest, most entrepreneurial and dynamic multinatio-
BETA 0.79 nals of Portuguese origin. Its origins were in the cork business, back in 1870 and today it
EPS 0.4 is the world leader in the sector. The company, whose securities are admitted to trading
PER 26.21 on the regulated market (NYSE Euronext Lisbon), is headquartered at Rua de Meladas
Closing Price 12.86 380, and as said before as over 100 years of age.
In addition, since the administration of Amrico Amorim, 1952, the company has been
Source: Yahoo Finance
diversifying the sectors where to operate without losing the family hallmark. The com-
Share Price pany's products include stoppers for wine and other spirits, granulated cork, rubber cork,
cork floorings, and giftware.
Key Ratios 2015 2016E 2017F 2018F 2019F 2020F 2021F 2022F
Total Revenues 605 641 667 694 722 750 780 812
Net Profit 56 105 56 58 58 60 62 59
EBITDA Margin 16.6% 19.0% 16.4% 16.6% 16.5% 16.8% 17.2% 16.7%
Return on Assets 11.3% 13.2% 11.0% 10.7% 10.2% 10.0% 9.6% 8.8%
Source: Yahoo Finance
Return on Equity 15.7% 27.0% 13.4% 12.8% 11.9% 11.6% 11.1% 9.9%
Cash Cycle 153 147 153 154 155 156 158 160
EV/EBITDA / PER Debt/Assets 22.6% 18.5% 18.1% 17.1% 16.3% 15.5% 14.7% 14.0%
Fin. Leverage 42.6% 34.6% 32.0% 29.7% 27.7% 25.8% 24.1% 22.7%
Interest Coverage 3.8% -0.9% 5.6% 5.5% 5.5% 5.3% 5.1% 5.4%
PER 24.7 24.8 25.2 25.3 26.5 26.6 26.7 29.6
EV/EBITDA 13.6 13.0 12.9 12.4 11.9 12.0 11.1 11.0
NetDebt / EBITDA 1.3 0.9 0.9 0.8 0.7 0.5 0.4 0.4
Director
The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time with-
out notice. The Information may be based on (a) data that may no longer be current, (b) estimates that may involve high-
ly subjective assessments and (c) models that may change from time to time and be different from the assumptions and
models used by other persons.
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herein is no indication as to future performance.
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