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Financials

Analysts

Analysts coverage & consensus

In an effort to increase the transparency towards the financial community, Syensqo Investor Relations collects and shares the most recent analysts’ estimates.

All data are on underlying basis unless stated otherwise. Units: € million / %

CompaniesLead AnalystRecommendationTarget Price
ABN ODDOStefano ToffanoHold78
BarclaysKatie RichardsHold86
BerenbergAron CeccarelliHold76
BernsteinJames HooperBuy77
BOFAMatthew YatesHold70
CitiRanulf OrrHold70
Degroof PetercamFrank ClaassenBuy86
Deutsche BankTristan LamotteBuy78
EquitaMassimo BonisoliBuy77
BNP ExaneLaurent FavreBuy91
INGStijn DemeesterBuy95
JP MorganChetan UdeshiBuy90
JefferiesChris CounihanBuy80
KBCWim HosteBuy90
Kepler CheuvreuxMartin RödigerBuy85
Morgan StanleyJonathan ChungBuy88
UBSGeoff HaireBuy79
Van Lanschot KempenJeremy KincaidHold65.6

 

RecommendationTarget price
Buy12Average81
Hold6Max95
Sell0Min65.6

Units: € million / %

LOW

AVERAGE

HIGH

#ESTS

GROUP SALES

1,590

1,634

1,667

13

Materials

890

920

942

9

Specialty Polymers

590

611

645

9

Composite Materials

285

312

324

9

Perfomance & Care

510

538

558

9

Novecare

337

356

371

8

Technology Solutions

160

179

191

8

Other Solutions

160

179

185

9

Aroma

70

77

81

8

Oil & Gas

90

101

108

9

GROSS PROFIT

481

517

528

7

Gross Margin

29.2%

31.6%

32.5%

7

GROUP UNDERLYING EBITDA 

316

327

335

13

Group EBITDA Margin

19.1%

20.0%

20.6%

13

Materials

252

262

274

13

EBITDA Margin

27.1%

28.6%

29.2%

13

Performance & Care

89

100

107

11

EBITDA Margin

18.0%

18.9%

21.0%

11

Other Solutions

11

16

19

11

EBITDA Margin

6.2%

9.0%

11.3%

11

Corporate

-59

-53

-47

9

CAPEX

n.a.

n.a.

n.a.

n.a.

FCF TO SHAREHOLDERS

n.a.

n.a.

n.a.

n.a.

Units: € million / %

LOW

AVERAGE

HIGH

#ESTS

GROUP SALES

6,227

6,445

6,630

13

Materials

3,487

3,639

3,798

10

Specialty Polymers

2,305

2,421

2,616

9

Composite Materials

1,182

1,234

1,292

9

Performance & Care

2,036

2,108

2,182

9

Novecare

1,372

1,416

1,469

8

Technology Solutions

660

687

714

8

Other Solutions

678

701

731

8

Aroma

289

302

318

8

Oil & Gas

357

399

425

8

GROSS PROFIT

1?936

2,118

2,296

7

Gross Margin

30.9%

32.6%

35.0%

7

GROUP UNDERLYING EBITDA 

1,293

1,329

1,363

13

Group EBITDA Margin

20.2%

20.6%

21.3%

13

Materials

1,046

1,081

1,105

12

EBITDA Margin

29.0%

29.8%

30.2%

10

Perfomance & Care

380

399

422

10

EBITDA Margin

17.9%

19.0%

20.7%

9

Other Solutions

49

59

76

10

EBITDA Margin

7.0%

8.5%

10.5%

9

Corporate

-226

-206

-198

12

CAPEX

-617

-600

-581

6

FCF TO SHAREHOLDERS

302

348

396

7

(1) Cash conversion of last 12 months = (underlying EBITDA +/- Changes in Working Capital - Sustenance Capital Expenditure) / (underlying EBITDA)
(2) Underlying leverage = Underlying net debt / underlying EBITDA of last 12 months
(3) Gearing = Gearing : Underlying net debt / (underlying net debt + equity)
(4) ROCE: Return on Capital employed, calculated as the ratio between underlying EBIT (before adjustment for the amortization of PPA) and capital employed. Capital employed consists of net working capital, tangible and intangible assets, goodwill, rights-of-use assets, investments in associates & joint ventures and other investments, and is taken as the average of the situation at the end of the last 12 months