ScoreWhy is Etex NV ?
1
Weak Long Term Fundamental Strength with a 28.99% CAGR growth in Operating Profits over the last 5 years
2
Positive results in Dec 25
- RAW MATERIAL COST(Y) Fallen by -3% (YoY)
- CASH AND EQV(HY) Highest at EUR 413.46 MM
- DEBT-EQUITY RATIO (HY) Lowest at 53 %
3
With ROE of 12.93%, it has a Attractive valuation with a 0.54 Price to Book Value
- Over the past year, while the stock has generated a return of -4.41%, its profits have risen by 28.5% ; the PEG ratio of the company is 0.2
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -4.41% returns in the last 1 year, the stock has also underperformed Belgium BEL 20 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Etex NV should be less than 10%
- Overall Portfolio exposure to Building Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Building Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Etex NV for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Etex NV
-100.0%
-1.03
22.89%
Belgium BEL 20
22.63%
1.44
15.67%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
7.45%
EBIT Growth (5y)
28.99%
EBIT to Interest (avg)
8.34
Debt to EBITDA (avg)
1.17
Net Debt to Equity (avg)
0.52
Sales to Capital Employed (avg)
285.18
Tax Ratio
25.87%
Dividend Payout Ratio
23.76%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
14.77%
ROE (avg)
13.86%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
4
Industry P/E
Price to Book Value
0.54
EV to EBIT
5.00
EV to EBITDA
2.87
EV to Capital Employed
0.68
EV to Sales
0.55
PEG Ratio
0.15
Dividend Yield
NA
ROCE (Latest)
13.63%
ROE (Latest)
12.93%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Sideways
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend7What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -3% (YoY
CASH AND EQV(HY)
Highest at EUR 413.46 MM
DEBT-EQUITY RATIO
(HY)
Lowest at 53 %
PRE-TAX PROFIT(Q)
At EUR 177.65 MM has Grown at 55.38%
NET PROFIT(Q)
Highest at EUR 146.82 MM
EPS(Q)
Highest at EUR 1.57
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Etex NV
Pre-Tax Profit
At EUR 177.65 MM has Grown at 55.38%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (EUR MM)
Net Profit
Highest at EUR 146.82 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (EUR MM)
Net Profit
At EUR 146.82 MM has Grown at 70.1%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (EUR MM)
EPS
Highest at EUR 1.57
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (EUR)
Cash and Eqv
Highest at EUR 413.46 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at 53 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -3% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at EUR 160.12 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (EUR MM)
Depreciation
At EUR 160.12 MM has Grown at 10.6%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (EUR MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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