Carbios (ALCRB)

Business description

Carbios develops enzyme-based processes for biodegradation and bioproduction of plastics, with a long-term aim of displacing current recycling and production practices.

Stock data

Market cap.€43.5m
Last close€9.69
High / Low (52 weeks)€10.1 / €6.2
Stock market listingEU
Forecast net cash (€m)6.9
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual23.623.614.8
Relative *24.620.3(4)

* % Relative to local index

Other companies in sector Show

Company news

CARBIOS and TechnipFMC Sign a Contract on PET Enzymatic Biorecycling

Wed, 28 Jun 2017 04:55:33 GMT

Carbios SA (ALCRB) Rises 2.6% on Nov 16

Thu, 16 Nov 2017 11:37:30 GMT

CARBIOS: First Production of Virgin PET from Post-Consumer Plastic Bottles ...

Thu, 12 Oct 2017 04:41:15 GMT

CARBIOS Shortlisted For EuropaBio's Most Innovative EU Biotech SME Award 2017

Wed, 18 Oct 2017 15:56:15 GMT

Carbios SA (ALCRB) Decline -1.5% on Oct 26

Thu, 26 Oct 2017 14:15:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 0.8 (3.9) (4.0) (81.3) N/A N/A
2016A 8.9 3.8 3.6 131.9 7.3 8.2
2017E 1.2 (3.8) (4.0) (64.9) N/A N/A
2018E 1.5 (3.0) (3.2) (53.5) N/A N/A

Last updated on 31/10/2017

Investment summary

The reduction in Carbios’s operating losses in the first half of 2017 is positive. It was driven by revenue from Carbiolice for part of the period and the fall in external costs from the scheduled conclusion of the Thanaplast programme. The announced five-year partnership with L’Oréal shows confidence in Carbios’s technology. We have adjusted our DCF valuation range per share to €20-32 to reflect the latest capital markets activity.

Last updated on 31/10/2017

Industry outlook

Growing volumes, environmental concerns and an increasing focus on sustainability are becoming ever more important challenges to conventional plastic market participants. Biological plastic production and recycling is the single most important aim of the industry as a response. The target is a circular economy whereby plastic is constantly reused and recycled.

Last updated on 03/10/2017

Key management

Jean-Claude Lumaret, CEO

Company address

rue Emile Duclaux
Parc d'activts du Biopole
Clermont-Limgn
SAINT-BEAUZIRE
63360
France
+33473865176
View website