Added to YB: 2024-03-04
Pitch date: 2024-03-01
CRDA.L [neutral]
Croda International Plc
-40.4%
current return
Author Info
No bio for this author
Company Info
Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in in Europe, the Middle East, Africa, North America, Asia, and Latin America.
Market Cap
GBP 3.8B
Pitch Price
GBP 45.71
Price Target
6.0K (+21837%)
Dividend
3.99%
EV/EBITDA
12.08
P/E
24.26
EV/Sales
2.70
Sector
Chemicals
Category
dividend
The Dividend Note - 30+ years of dividend growth - $CRDA
CRDA.L: 32yr div streak but post-COVID slump: FY23 rev -19%, op profit -44%, margins 14.6%, £538M net debt post-acquisition. Declines in all segments; 30yr low 8% ROCE. Challenges in '24, rebound in '25 on new products; 22% EPS growth to 185p projected (25 P/E). Strong history & balance sheet, but 3.5% EBIT yield & sub-3% FCF yield suggest long-term potential. On watch list, no immediate buy.
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