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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.€37.4m
Last close€8.17
High / Low (52 weeks)€10.1 / €6.2
Stock market listingEU
Forecast net cash (€m)6866
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(0.7)15.93.0
Relative *(2)12.5(1.4)

* % Relative to local index

Other companies in sector Show

Company news

BRIEF-L'Oreal and CARBIOS sign agreement to jointly found consortium for bio ...

Fri, 27 Oct 2017 05:05:21 GMT

EuropaBio names top EU biotech SMEs

Mon, 27 Nov 2017 08:15:00 GMT

BRIEF-Carbios Successfully Completes Final Key Stage Of The Thanaplast ...

Thu, 11 Jan 2018 06:00:00 GMT

Bioeconomy: Germany to lose pole position

Wed, 21 Mar 2018 07:41:15 GMT

Should You Buy Carbios SAS (EPA:ALCRB) At This PE Ratio?

Fri, 06 Apr 2018 14:15:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 8.9 3.3 3.6 128.00 6.4 N/A
2017A 1.0 (4.9) (4.6) (86.07) N/A 0.0
2018E 1.1 (4.8) (4.6) (85.58) N/A N/A
2019E 1.2 (5.0) (4.9) (90.12) N/A N/A

Last updated on 18/07/2018

Investment summary

Carbios’s 2017 results were an important staging post on the journey from a pure research operation towards a market-ready business. The Thanaplast research programme concluded in 2017, having reached all the milestones set at its inception. Carbios received the final payment of €1m under the Thanaplast programme in H217. However Carbios continues to make progress scientifically and recently announced that it had achieved the hydrolysis of PET plastics into their original building-blocks at a conversion rate of 97% in 16 hours. The balance sheet has also been strengthened and operations are fully funded into 2019. Announcements of partnership deals with other consumer brand owners, similar to that announced with L’Oréal, could act as a further share price catalyst. Our remodelled DCF provides an indicative valuation for Carbios of €15/share.

Last updated on 27/07/2018

Industry outlook

Growing focus on sustainability provides an attractive market opportunity for Carbios's technology.

Last updated on 27/07/2018

Key management

Jean-Claude Lumaret, CEO

Company address

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