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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
BarclaysAlex StewartHold86
BerenbergAron CeccarelliHold82
BernsteinPeter ClarkBuy80
BOFAMatthew YatesHold70
CitiRanulf OrrHold62
Degroof PetercamFrank ClaassenBuy100
Deutsche BankTristan LamotteBuy82
EquitaMassimo BonisoliBuy80
BNP ExaneLaurent FavreBuy88
INGStijn DemeesterBuy100
JP MorganChetan UdeshiBuy90
JefferiesChris CounihanHold75
KBCWim HosteBuy105
Kepler CheuvreuxMartin RödigerBuy88
Morgan StanleyJonathan ChungBuy88
StifelJulia WinckelmannBuy103
UBSGeoff HaireBuy90
Van Lanschot KempenJeremy KincaidHold70

 

RecommendationTarget price
Buy12Average85
Hold7Max105
Sell0Min62

Units: € million / %

LOW

AVERAGE

HIGH

#ESTS

GROUP SALES

1,555

1,589

1,646

12

Materials

868

897

933

12

Specialty Polymers

580

615

662

12

Composite Materials

250

282

302

12

Consumer & Resources

680

692

703

12

Novecare

334

351

358

12

Technology Solutions

153

162

170

12

Aroma

75

81

83

12

Oil & Gas

95

99

102

12

GROSS PROFIT

452

498

533

8

Gross Margin

28.1%

31.4%

34.0%

8

GROUP UNDERLYING EBITDA 

295

301

308

12

Group EBITDA Margin

18.4%

19.0%

19.4%

12

Materials

237

256

265

12

EBITDA Margin

25.7%

28.6%

30.3%

12

Consumer & Resources

90

102

114

12

EBITDA Margin

13.2%

14.7%

16.4%

12

Corporate

-60

-56

-50

12

CAPEX

-150

-137

-116

5

FCF TO SHAREHOLDERS

38

59

86

5

Units: € million / %

LOW

AVERAGE

HIGH

#ESTS

GROUP SALES

6,442

6,580

6,725

14

Materials

3,660

3,755

3,844

13

Specialty Polymers

2,445

2,542

2,655

12

Composite Materials

1,108

1,215

1,255

12

Consumer & Resources

2,708

2,816

2,882

13

Novecare

1,383

1,415

1,439

12

Technology Solutions

678

696

713

12

Aroma

311

320

326

12

Oil & Gas

377

395

407

12

GROSS PROFIT

1,964

2,165

2,266

9

Gross Margin

30.3%

32.9%

35.0%

9

GROUP UNDERLYING EBITDA 

1,316

1,383

1,423

13

Group EBITDA Margin

20.4%

21.0%

21.7%

13

Materials

1,056

1,142

1,185

12

EBITDA Margin

28.8%

30.4%

32.0%

12

Consumer & Resources

430

456

487

12

EBITDA Margin

15.4%

16.2%

17.3%

12

Corporate

-227

-215

-187

12

CAPEX

-625

-601

-571

13

FCF TO SHAREHOLDERS EXCL. NJDEP SETTLEMENT

335

391

451

11

(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