25 XP   0   0   10

Corbion NV
Buy, Hold or Sell?

Let's analyse Corbion together

PenkeI guess you are interested in Corbion NV. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Corbion NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about Corbion NV

I send you an email if I find something interesting about Corbion NV.

Quick analysis of Corbion (30 sec.)










What can you expect buying and holding a share of Corbion? (30 sec.)

How much money do you get?

How much money do you get?
€2.40
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€10.52
Expected worth in 1 year
€15.27
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€6.97
Return On Investment
35.1%

For what price can you sell your share?

Current Price per Share
€19.83
Expected price per share
€17.39 - €20.76
How sure are you?
50%

1. Valuation of Corbion (5 min.)




Live pricePrice per Share (EOD)

€19.83

Intrinsic Value Per Share

€-61.18 - €-4.89

Total Value Per Share

€-50.66 - €5.63

2. Growth of Corbion (5 min.)




Is Corbion growing?

Current yearPrevious yearGrowGrow %
How rich?$676.8m$599.3m$77.4m11.4%

How much money is Corbion making?

Current yearPrevious yearGrowGrow %
Making money$97.3m$84.6m$12.6m13.0%
Net Profit Margin6.2%7.3%--

How much money comes from the company's main activities?

3. Financial Health of Corbion (5 min.)




4. Comparing to competitors in the Specialty Chemicals industry (5 min.)




  Industry Rankings (Specialty Chemicals)  


Richest
#139 / 565

Most Revenue
#55 / 565

Most Profit
#57 / 565

Most Efficient
#206 / 565

What can you expect buying and holding a share of Corbion? (5 min.)

Welcome investor! Corbion's management wants to use your money to grow the business. In return you get a share of Corbion.

What can you expect buying and holding a share of Corbion?

First you should know what it really means to hold a share of Corbion. And how you can make/lose money.

Speculation

The Price per Share of Corbion is €19.83. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Corbion.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Corbion, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €10.52. Based on the TTM, the Book Value Change Per Share is €1.19 per quarter. Based on the YOY, the Book Value Change Per Share is €0.66 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.55 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Corbion.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.648.3%1.648.3%1.437.2%1.175.9%1.035.2%
Usd Book Value Change Per Share1.286.5%1.286.5%0.713.6%0.482.4%-0.19-1.0%
Usd Dividend Per Share0.603.0%0.603.0%0.603.0%0.603.0%0.733.7%
Usd Total Gains Per Share1.889.5%1.889.5%1.316.6%1.085.5%0.542.7%
Usd Price Per Share34.44-34.44-44.83-37.21-29.85-
Price to Earnings Ratio21.05-21.05-31.44-36.30--161.30-
Price-to-Total Gains Ratio18.27-18.27-34.20-52.22-35.02-
Price to Book Ratio3.03-3.03-4.44-3.75-3.16-
Price-to-Total Gains Ratio18.27-18.27-34.20-52.22-35.02-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share21.450111
Number of shares46
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.600.60
Usd Book Value Change Per Share1.280.48
Usd Total Gains Per Share1.881.08
Gains per Quarter (46 shares)86.6949.85
Gains per Year (46 shares)346.78199.39
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111023633711089189
2221473684221178388
33317091031331267587
44429461378442356786
555211821725552445985
6662141820726625341184
7773165524197736231383
8883189127668837121582
9993212731139948011781
1011042364346011048901980

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%18.03.00.085.7%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%6.04.00.060.0%14.07.00.066.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%18.03.00.085.7%

Fundamentals of Corbion

About Corbion NV

Corbion N.V. provides lactic acid and lactic acid derivatives, emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients in the Netherlands, the United States, Latin America, Asia, rest of North America, and rest of Europe, the Middle East, and Africa. The company offers ingredient solutions made from renewable resources for the food, home and personal care, animal nutrition, pharmaceutical, medical device, and bioplastics markets It markets its products through a network of sales offices and distributors. The company was formerly known as CSM N.V. and changed its name to Corbion N.V. in October 2013. Corbion N.V. was founded in 1919 and is headquartered in Amsterdam, the Netherlands.

Fundamental data was last updated by Penke on 2024-03-19 01:54:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Corbion NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Corbion earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • A Net Profit Margin of 6.2% means that €0.06 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Corbion NV:

  • The MRQ is 6.2%. The company is making a profit. +1
  • The TTM is 6.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.2%TTM6.2%0.0%
TTM6.2%YOY7.3%-1.1%
TTM6.2%5Y5.9%+0.3%
5Y5.9%10Y5.8%+0.1%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ6.2%4.2%+2.0%
TTM6.2%4.2%+2.0%
YOY7.3%6.5%+0.8%
5Y5.9%6.0%-0.1%
10Y5.8%6.0%-0.2%
1.1.2. Return on Assets

Shows how efficient Corbion is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • 5.3% Return on Assets means that Corbion generated €0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Corbion NV:

  • The MRQ is 5.3%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.3%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.3%TTM5.3%0.0%
TTM5.3%YOY5.8%-0.6%
TTM5.3%5Y5.2%+0.1%
5Y5.2%10Y5.7%-0.5%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%1.1%+4.2%
TTM5.3%1.1%+4.2%
YOY5.8%1.7%+4.1%
5Y5.2%1.6%+3.6%
10Y5.7%1.7%+4.0%
1.1.3. Return on Equity

Shows how efficient Corbion is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • 14.4% Return on Equity means Corbion generated €0.14 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Corbion NV:

  • The MRQ is 14.4%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 14.4%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ14.4%TTM14.4%0.0%
TTM14.4%YOY14.1%+0.3%
TTM14.4%5Y11.6%+2.8%
5Y11.6%10Y11.0%+0.6%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ14.4%2.2%+12.2%
TTM14.4%2.0%+12.4%
YOY14.1%3.2%+10.9%
5Y11.6%2.8%+8.8%
10Y11.0%2.8%+8.2%

1.2. Operating Efficiency of Corbion NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Corbion is operating .

  • Measures how much profit Corbion makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • An Operating Margin of 7.6% means the company generated €0.08  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Corbion NV:

  • The MRQ is 7.6%. The company is operating less efficient.
  • The TTM is 7.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.6%TTM7.6%0.0%
TTM7.6%YOY6.1%+1.5%
TTM7.6%5Y8.1%-0.5%
5Y8.1%10Y8.6%-0.6%
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ7.6%7.5%+0.1%
TTM7.6%4.9%+2.7%
YOY6.1%8.3%-2.2%
5Y8.1%8.1%0.0%
10Y8.6%7.3%+1.3%
1.2.2. Operating Ratio

Measures how efficient Corbion is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • An Operation Ratio of 0.93 means that the operating costs are €0.93 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Corbion NV:

  • The MRQ is 0.929. The company is less efficient in keeping operating costs low.
  • The TTM is 0.929. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.929TTM0.9290.000
TTM0.929YOY0.956-0.027
TTM0.9295Y0.924+0.005
5Y0.92410Y0.915+0.008
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9291.529-0.600
TTM0.9291.530-0.601
YOY0.9561.459-0.503
5Y0.9241.459-0.535
10Y0.9151.228-0.313

1.3. Liquidity of Corbion NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Corbion is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A Current Ratio of 1.10 means the company has €1.10 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Corbion NV:

  • The MRQ is 1.104. The company is just able to pay all its short-term debts.
  • The TTM is 1.104. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.104TTM1.1040.000
TTM1.104YOY1.572-0.468
TTM1.1045Y1.348-0.244
5Y1.34810Y1.683-0.336
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1041.831-0.727
TTM1.1041.875-0.771
YOY1.5721.896-0.324
5Y1.3481.926-0.578
10Y1.6831.762-0.079
1.3.2. Quick Ratio

Measures if Corbion is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • A Quick Ratio of 0.45 means the company can pay off €0.45 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Corbion NV:

  • The MRQ is 0.453. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.453. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.453TTM0.4530.000
TTM0.453YOY0.793-0.340
TTM0.4535Y0.679-0.226
5Y0.67910Y0.942-0.263
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4530.846-0.393
TTM0.4530.884-0.431
YOY0.7930.966-0.173
5Y0.6791.049-0.370
10Y0.9421.030-0.088

1.4. Solvency of Corbion NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Corbion assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Corbion to Specialty Chemicals industry mean.
  • A Debt to Asset Ratio of 0.63 means that Corbion assets are financed with 63.3% credit (debt) and the remaining percentage (100% - 63.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Corbion NV:

  • The MRQ is 0.633. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.633. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.633TTM0.6330.000
TTM0.633YOY0.587+0.046
TTM0.6335Y0.543+0.090
5Y0.54310Y0.462+0.081
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6330.431+0.202
TTM0.6330.427+0.206
YOY0.5870.426+0.161
5Y0.5430.433+0.110
10Y0.4620.439+0.023
1.4.2. Debt to Equity Ratio

Measures if Corbion is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Corbion to the Specialty Chemicals industry mean.
  • A Debt to Equity ratio of 172.6% means that company has €1.73 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Corbion NV:

  • The MRQ is 1.726. The company is just able to pay all its debts with equity.
  • The TTM is 1.726. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.726TTM1.7260.000
TTM1.726YOY1.420+0.305
TTM1.7265Y1.229+0.496
5Y1.22910Y0.925+0.305
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7260.767+0.959
TTM1.7260.752+0.974
YOY1.4200.747+0.673
5Y1.2290.797+0.432
10Y0.9250.845+0.080

2. Market Valuation of Corbion NV

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Corbion generates.

  • Above 15 is considered overpriced but always compare Corbion to the Specialty Chemicals industry mean.
  • A PE ratio of 21.05 means the investor is paying €21.05 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Corbion NV:

  • The EOD is 13.110. Based on the earnings, the company is underpriced. +1
  • The MRQ is 21.050. Based on the earnings, the company is fair priced.
  • The TTM is 21.050. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD13.110MRQ21.050-7.940
MRQ21.050TTM21.0500.000
TTM21.050YOY31.437-10.387
TTM21.0505Y36.301-15.251
5Y36.30110Y-161.302+197.603
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD13.11015.198-2.088
MRQ21.05013.988+7.062
TTM21.05015.705+5.345
YOY31.43717.841+13.596
5Y36.30119.498+16.803
10Y-161.30223.951-185.253
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Corbion NV:

  • The EOD is -5.995. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.626. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -9.626. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.995MRQ-9.626+3.631
MRQ-9.626TTM-9.6260.000
TTM-9.626YOY-19.490+9.863
TTM-9.6265Y37.607-47.234
5Y37.60710Y-61.343+98.950
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD-5.9954.953-10.948
MRQ-9.6264.382-14.008
TTM-9.6262.275-11.901
YOY-19.490-0.150-19.340
5Y37.6073.098+34.509
10Y-61.3432.609-63.952
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Corbion is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
  • A PB ratio of 3.03 means the investor is paying €3.03 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Corbion NV:

  • The EOD is 1.886. Based on the equity, the company is underpriced. +1
  • The MRQ is 3.028. Based on the equity, the company is fair priced.
  • The TTM is 3.028. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD1.886MRQ3.028-1.142
MRQ3.028TTM3.0280.000
TTM3.028YOY4.442-1.415
TTM3.0285Y3.747-0.720
5Y3.74710Y3.162+0.585
Compared to industry (Specialty Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD1.8861.735+0.151
MRQ3.0281.781+1.247
TTM3.0281.854+1.174
YOY4.4422.306+2.136
5Y3.7472.348+1.399
10Y3.1622.842+0.320
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Corbion NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.1881.1880%0.656+81%0.447+166%-0.175+115%
Book Value Per Share--10.51610.5160%9.328+13%9.239+14%8.634+22%
Current Ratio--1.1041.1040%1.572-30%1.348-18%1.683-34%
Debt To Asset Ratio--0.6330.6330%0.587+8%0.543+17%0.462+37%
Debt To Equity Ratio--1.7261.7260%1.420+21%1.229+40%0.925+87%
Dividend Per Share--0.5550.5550%0.5560%0.5550%0.673-18%
Eps--1.5131.5130%1.318+15%1.082+40%0.950+59%
Free Cash Flow Per Share---3.308-3.3080%-2.126-36%-0.758-77%-0.142-96%
Free Cash Flow To Equity Per Share---0.385-0.3850%-0.680+77%-0.019-95%-1.267+229%
Gross Profit Margin--0.0990.0990%0.138-28%-0.277+380%-0.286+389%
Intrinsic Value_10Y_max---4.889--------
Intrinsic Value_10Y_min---61.178--------
Intrinsic Value_1Y_max---0.218--------
Intrinsic Value_1Y_min---2.845--------
Intrinsic Value_3Y_max---0.862--------
Intrinsic Value_3Y_min---11.444--------
Intrinsic Value_5Y_max---1.756--------
Intrinsic Value_5Y_min---23.152--------
Market Cap1171772547.000-62%1894480000.0001894480000.0000%2461536000.000-23%2044549400.000-7%1661625338.700+14%
Net Profit Margin--0.0620.0620%0.073-16%0.059+4%0.058+7%
Operating Margin--0.0760.0760%0.061+25%0.081-6%0.086-12%
Operating Ratio--0.9290.9290%0.956-3%0.924+1%0.915+1%
Pb Ratio1.886-61%3.0283.0280%4.442-32%3.747-19%3.162-4%
Pe Ratio13.110-61%21.05021.0500%31.437-33%36.301-42%-161.302+866%
Price Per Share19.830-61%31.84031.8400%41.440-23%34.402-7%27.597+15%
Price To Free Cash Flow Ratio-5.995+38%-9.626-9.6260%-19.490+102%37.607-126%-61.343+537%
Price To Total Gains Ratio11.381-61%18.27518.2750%34.204-47%52.223-65%35.021-48%
Quick Ratio--0.4530.4530%0.793-43%0.679-33%0.942-52%
Return On Assets--0.0530.0530%0.058-10%0.052+2%0.057-7%
Return On Equity--0.1440.1440%0.141+2%0.116+24%0.110+30%
Total Gains Per Share--1.7421.7420%1.212+44%1.002+74%0.498+250%
Usd Book Value--676819690.000676819690.0000%599369970.000+13%593874934.000+14%566226682.000+20%
Usd Book Value Change Per Share--1.2851.2850%0.710+81%0.484+166%-0.189+115%
Usd Book Value Per Share--11.37511.3750%10.090+13%9.994+14%9.339+22%
Usd Dividend Per Share--0.6000.6000%0.6010%0.6000%0.728-18%
Usd Eps--1.6361.6360%1.426+15%1.170+40%1.027+59%
Usd Free Cash Flow---212878560.000-212878560.0000%-136618710.000-36%-48763036.000-77%-10070627.000-95%
Usd Free Cash Flow Per Share---3.578-3.5780%-2.300-36%-0.820-77%-0.154-96%
Usd Free Cash Flow To Equity Per Share---0.416-0.4160%-0.736+77%-0.021-95%-1.370+229%
Usd Market Cap1267506364.090-62%2049259016.0002049259016.0000%2662643491.200-23%2211589085.980-7%1797380128.872+14%
Usd Price Per Share21.450-61%34.44134.4410%44.826-23%37.213-7%29.852+15%
Usd Profit--97353000.00097353000.0000%84697110.000+15%69553310.000+40%62608796.000+55%
Usd Revenue--1577010430.0001577010430.0000%1158284360.000+36%1165812992.000+35%1041006446.000+51%
Usd Total Gains Per Share--1.8851.8850%1.311+44%1.084+74%0.539+250%
 EOD+3 -5MRQTTM+0 -0YOY+19 -175Y+19 -1710Y+20 -16

3.2. Fundamental Score

Let's check the fundamental score of Corbion NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.110
Price to Book Ratio (EOD)Between0-11.886
Net Profit Margin (MRQ)Greater than00.062
Operating Margin (MRQ)Greater than00.076
Quick Ratio (MRQ)Greater than10.453
Current Ratio (MRQ)Greater than11.104
Debt to Asset Ratio (MRQ)Less than10.633
Debt to Equity Ratio (MRQ)Less than11.726
Return on Equity (MRQ)Greater than0.150.144
Return on Assets (MRQ)Greater than0.050.053
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Corbion NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.892
Ma 20Greater thanMa 5019.585
Ma 50Greater thanMa 10018.699
Ma 100Greater thanMa 20018.321
OpenGreater thanClose20.020
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets1,705,400
Total Liabilities1,079,700
Total Stockholder Equity625,700
 As reported
Total Liabilities 1,079,700
Total Stockholder Equity+ 625,700
Total Assets = 1,705,400

Assets

Total Assets1,705,400
Total Current Assets654,300
Long-term Assets1,051,100
Total Current Assets
Cash And Cash Equivalents 58,200
Net Receivables 210,500
Inventory 331,200
Total Current Assets  (as reported)654,300
Total Current Assets  (calculated)599,900
+/- 54,400
Long-term Assets
Property Plant Equipment 729,500
Goodwill 83,500
Intangible Assets 80,100
Long-term Assets Other 127,400
Long-term Assets  (as reported)1,051,100
Long-term Assets  (calculated)1,020,500
+/- 30,600

Liabilities & Shareholders' Equity

Total Current Liabilities592,700
Long-term Liabilities487,000
Total Stockholder Equity625,700
Total Current Liabilities
Short-term Debt 322,000
Short Long Term Debt 309,700
Accounts payable 148,300
Other Current Liabilities 122,400
Total Current Liabilities  (as reported)592,700
Total Current Liabilities  (calculated)902,400
+/- 309,700
Long-term Liabilities
Long term Debt 376,000
Capital Lease Obligations 73,500
Other Liabilities 49,800
Long-term Liabilities Other 15,800
Long-term Liabilities  (as reported)487,000
Long-term Liabilities  (calculated)515,100
+/- 28,100
Total Stockholder Equity
Common Stock14,800
Retained Earnings 493,800
Other Stockholders Equity 117,100
Total Stockholder Equity (as reported)625,700
Total Stockholder Equity (calculated)625,700
+/-0
Other
Capital Stock14,800
Cash and Short Term Investments 58,200
Common Stock Shares Outstanding 59,500
Liabilities and Stockholders Equity 1,705,400
Net Debt 701,000
Net Invested Capital 1,311,400
Net Working Capital 61,600
Property Plant and Equipment Gross 1,460,700
Short Long Term Debt Total 759,200



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
2,498,300
2,765,400
2,674,000
2,183,400
2,225,100
2,048,300
2,106,500
2,003,700
2,627,300
2,415,300
2,185,300
765,600
783,600
808,000
843,000
830,800
965,800
1,091,100
1,074,500
1,341,100
1,705,400
1,705,4001,341,1001,074,5001,091,100965,800830,800843,000808,000783,600765,6002,185,3002,415,3002,627,3002,003,7002,106,5002,048,3002,225,1002,183,4002,674,0002,765,4002,498,300
   > Total Current Assets 
1,075,300
1,111,800
1,372,500
856,600
869,500
699,400
745,600
674,200
836,200
856,400
1,757,200
330,100
350,500
338,200
376,400
332,700
349,600
372,500
385,100
504,500
654,300
654,300504,500385,100372,500349,600332,700376,400338,200350,500330,1001,757,200856,400836,200674,200745,600699,400869,500856,6001,372,5001,111,8001,075,300
       Cash And Cash Equivalents 
10,900
87,900
76,100
78,300
80,200
37,700
83,600
120,400
118,700
116,000
60,200
123,900
111,400
92,100
60,800
38,100
47,100
45,700
51,600
42,200
58,200
58,20042,20051,60045,70047,10038,10060,80092,100111,400123,90060,200116,000118,700120,40083,60037,70080,20078,30076,10087,90010,900
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,200
0
0
0
0
0
000003,200000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
102,000
102,900
110,800
122,600
157,000
144,400
155,000
143,800
212,400
210,500
210,500212,400143,800155,000144,400157,000122,600110,800102,900102,00000000000000
       Inventory 
510,500
501,000
391,500
403,400
246,400
256,100
311,000
251,100
335,400
337,900
104,600
97,100
128,400
133,000
137,700
128,300
152,700
163,200
164,800
230,000
331,200
331,200230,000164,800163,200152,700128,300137,700133,000128,40097,100104,600337,900335,400251,100311,000256,100246,400403,400391,500501,000510,500
       Other Current Assets 
553,900
522,900
904,900
374,900
542,900
405,600
351,000
302,700
382,100
402,500
1,592,400
109,100
110,700
113,100
177,900
166,300
149,800
1,500
18,400
11,200
0
011,20018,4001,500149,800166,300177,900113,100110,700109,1001,592,400402,500382,100302,700351,000405,600542,900374,900904,900522,900553,900
   > Long-term Assets 
1,423,000
1,653,600
1,301,500
1,326,800
1,355,600
1,348,900
1,360,900
1,329,500
1,791,100
1,558,900
428,100
435,500
433,100
469,800
466,600
498,100
616,200
718,600
689,400
836,600
1,051,100
1,051,100836,600689,400718,600616,200498,100466,600469,800433,100435,500428,1001,558,9001,791,1001,329,5001,360,9001,348,9001,355,6001,326,8001,301,5001,653,6001,423,000
       Property Plant Equipment 
768,000
844,700
593,900
618,900
585,600
519,800
513,400
499,900
574,600
583,000
303,000
310,200
288,700
307,400
297,200
280,000
368,900
433,000
406,500
532,900
729,500
729,500532,900406,500433,000368,900280,000297,200307,400288,700310,200303,000583,000574,600499,900513,400519,800585,600618,900593,900844,700768,000
       Goodwill 
0
0
627,900
646,300
674,500
693,900
0
0
0
0
53,700
51,900
58,200
64,200
66,200
58,800
61,300
80,400
70,100
77,700
83,500
83,50077,70070,10080,40061,30058,80066,20064,20058,20051,90053,7000000693,900674,500646,300627,90000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
6,900
6,600
6,400
5,000
26,200
19,200
83,800
0
0
0
00083,80019,20026,2005,0006,4006,6006,90000000000000
       Intangible Assets 
599,500
739,400
0
2,600
27,800
77,700
773,700
765,900
1,146,800
912,400
39,700
45,600
64,700
74,400
72,000
71,500
77,900
92,500
95,600
80,200
80,100
80,10080,20095,60092,50077,90071,50072,00074,40064,70045,60039,700912,4001,146,800765,900773,70077,70027,8002,6000739,400599,500
       Long-term Assets Other 
55,500
69,500
17,600
9,400
10,400
13,900
10,300
10,700
10,500
19,000
17,100
11,800
9,900
7,900
5,800
65,100
85,500
102,000
104,100
118,500
127,400
127,400118,500104,100102,00085,50065,1005,8007,9009,90011,80017,10019,00010,50010,70010,30013,90010,4009,40017,60069,50055,500
> Total Liabilities 
1,759,200
1,987,300
1,867,500
1,237,000
1,380,200
1,090,600
1,164,900
1,005,900
1,510,100
1,467,000
1,326,600
260,400
274,900
320,200
344,500
341,500
445,600
562,000
558,500
787,000
1,079,700
1,079,700787,000558,500562,000445,600341,500344,500320,200274,900260,4001,326,6001,467,0001,510,1001,005,9001,164,9001,090,6001,380,2001,237,0001,867,5001,987,3001,759,200
   > Total Current Liabilities 
101,200
390,000
1,047,100
520,300
545,100
424,100
386,400
390,200
487,100
506,700
689,900
143,900
218,100
140,900
176,600
199,900
260,000
347,700
233,900
321,000
592,700
592,700321,000233,900347,700260,000199,900176,600140,900218,100143,900689,900506,700487,100390,200386,400424,100545,100520,3001,047,100390,000101,200
       Short-term Debt 
0
0
390,100
17,100
15,600
8,300
122,600
129,500
158,000
149,300
2,400
100
70,000
59,100
25,700
66,800
116,300
180,100
51,400
84,600
322,000
322,00084,60051,400180,100116,30066,80025,70059,10070,0001002,400149,300158,000129,500122,6008,30015,60017,100390,10000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
94,500
70,000
154,200
87,800
116,200
165,400
169,800
42,400
74,700
309,700
309,70074,70042,400169,800165,400116,20087,800154,20070,00094,50000000000000
       Accounts payable 
0
0
279,700
238,700
192,200
227,600
236,900
223,700
296,700
311,900
60,400
57,700
57,000
69,700
76,200
76,600
87,800
94,300
99,400
128,000
148,300
148,300128,00099,40094,30087,80076,60076,20069,70057,00057,70060,400311,900296,700223,700236,900227,600192,200238,700279,70000
       Other Current Liabilities 
101,200
390,000
377,300
264,500
337,300
188,200
26,900
37,000
32,400
45,500
627,100
86,100
91,100
12,100
74,700
56,500
55,900
73,300
83,100
108,400
122,400
122,400108,40083,10073,30055,90056,50074,70012,10091,10086,100627,10045,50032,40037,00026,900188,200337,300264,500377,300390,000101,200
   > Long-term Liabilities 
1,658,000
1,597,300
820,400
716,700
835,100
666,500
778,500
615,700
1,023,000
960,300
636,700
116,500
56,800
179,300
167,900
141,600
185,600
214,300
324,600
466,000
487,000
487,000466,000324,600214,300185,600141,600167,900179,30056,800116,500636,700960,3001,023,000615,700778,500666,500835,100716,700820,4001,597,3001,658,000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
22,100
21,200
25,100
34,800
24,600
51,500
45,400
40,200
47,400
49,800
49,80047,40040,20045,40051,50024,60034,80025,10021,20022,10000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
10,700
27,900
29,400
30,900
31,400
31,600
31,500
31,400
30,700
0
030,70031,40031,50031,60031,40030,90029,40027,90010,70000000000000
> Total Stockholder Equity
739,100
778,100
806,500
946,400
844,900
957,700
941,600
997,800
1,117,200
948,300
858,700
505,200
508,700
487,800
498,500
489,300
520,200
529,100
516,000
554,100
625,700
625,700554,100516,000529,100520,200489,300498,500487,800508,700505,200858,700948,3001,117,200997,800941,600957,700844,900946,400806,500778,100739,100
   Common Stock
0
0
21,300
19,600
18,200
17,300
0
0
17,200
0
18,200
18,700
16,100
15,600
15,000
14,800
14,800
14,800
14,800
14,800
14,800
14,80014,80014,80014,80014,80014,80015,00015,60016,10018,70018,200017,2000017,30018,20019,60021,30000
   Retained Earnings Total Equity000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 
739,100
778,100
103,400
7,400
14,300
77,300
941,600
42,100
101,900
948,300
123,400
86,400
121,800
126,700
142,400
119,500
126,200
147,300
97,600
109,100
117,100
117,100109,10097,600147,300126,200119,500142,400126,700121,80086,400123,400948,300101,90042,100941,60077,30014,3007,400103,400778,100739,100



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue1,457,900
Cost of Revenue-1,133,600
Gross Profit324,300324,300
 
Operating Income (+$)
Gross Profit324,300
Operating Expense-220,700
Operating Income110,800103,600
 
Operating Expense (+$)
Research Development47,200
Selling General Administrative92,400
Selling And Marketing Expenses81,100
Operating Expense220,700220,700
 
Net Interest Income (+$)
Interest Income3,400
Interest Expense-17,000
Other Finance Cost-800
Net Interest Income-14,400
 
Pretax Income (+$)
Operating Income110,800
Net Interest Income-14,400
Other Non-Operating Income Expenses0
Income Before Tax (EBT)116,400105,200
EBIT - interestExpense = 93,800
116,400
107,000
Interest Expense17,000
Earnings Before Interest and Taxes (EBIT)110,800133,400
Earnings Before Interest and Taxes (EBITDA)200,300
 
After tax Income (+$)
Income Before Tax116,400
Tax Provision-26,400
Net Income From Continuing Ops90,00090,000
Net Income90,000
Net Income Applicable To Common Shares90,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,354,300
Total Other Income/Expenses Net5,60014,400
 

Technical Analysis of Corbion
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Corbion. The general trend of Corbion is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Corbion's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Corbion NV.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 20.08 < 20.34 < 20.76.

The bearish price targets are: 19.21 > 18.94 > 17.39.

Tweet this
Corbion NV Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Corbion NV. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Corbion NV Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Corbion NV. The current macd is 0.29381957.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Corbion price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Corbion. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Corbion price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Corbion NV Daily Moving Average Convergence/Divergence (MACD) ChartCorbion NV Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Corbion NV. The current adx is 24.00.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Corbion shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Corbion NV Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Corbion NV. The current sar is 20.20.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Corbion NV Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Corbion NV. The current rsi is 56.89. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Corbion NV Daily Relative Strength Index (RSI) ChartCorbion NV Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Corbion NV. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Corbion price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Corbion NV Daily Stochastic Oscillator ChartCorbion NV Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Corbion NV. The current cci is 49.67.

Corbion NV Daily Commodity Channel Index (CCI) ChartCorbion NV Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Corbion NV. The current cmo is 14.84.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Corbion NV Daily Chande Momentum Oscillator (CMO) ChartCorbion NV Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Corbion NV. The current willr is -51.0989011.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Corbion is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Corbion NV Daily Williams %R ChartCorbion NV Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Corbion NV.

Corbion NV Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Corbion NV. The current atr is 0.55973613.

Corbion NV Daily Average True Range (ATR) ChartCorbion NV Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Corbion NV. The current obv is -3,064,925.

Corbion NV Daily On-Balance Volume (OBV) ChartCorbion NV Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Corbion NV. The current mfi is 34.32.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Corbion NV Daily Money Flow Index (MFI) ChartCorbion NV Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Corbion NV.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-22RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Corbion NV Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Corbion NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.892
Ma 20Greater thanMa 5019.585
Ma 50Greater thanMa 10018.699
Ma 100Greater thanMa 20018.321
OpenGreater thanClose20.020
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Corbion with someone you think should read this too:
  • Are you bullish or bearish on Corbion? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Corbion? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Corbion NV

I send you an email if I find something interesting about Corbion NV.


Comments

How you think about this?

Leave a comment

Stay informed about Corbion NV.

Receive notifications about Corbion NV in your mailbox!