Campine NV

Campine NV maintains a strong liquidity position, with a current ratio of 2.14 and a low liquidity risk score, indicating the company is well-positioned to meet its short-term obligations. The company's liquidity_fpt of 1.76 million EUR in cash and equivalents supports this, while its free cash flow of 48.14 million EUR provides flexibility for reinvestment or shareholder returns. Profitability metrics show Campine NV outperforms the industry median in return on equity (ROE) at 41.54%, significantly higher than the typical ROE for specialty chemicals firms. Its return on assets (ROA) of 23.21% also reflects efficient asset utilization. Gross margin of 18.23% (139.67 million EUR gross profit on 766.04 million EUR revenue) is in line with industry norms, but operating margin of 9.77% (74.82 million EUR operating income) suggests strong cost control. Revenue is concentrated across three operating segments: Antimony, Plastics, and Lead. The Antimony division contributes flame retardants and PET catalysts, while the Plastics division produces masterbatches. The Lead division focuses on recycling and refining. Geographic exposure is primarily European, with no disclosed revenue concentration in any single region. Outlook for FY2024 shows revenue growth of 12.3% year-over-year, driven by increased demand for flame retardants and lead recycling. Capital expenditure of -11.34 million EUR indicates a focus on cost optimization rather than expansion. The company's price-to-earnings ratio of 5.83 and price-to-book of 2.42 suggest it is attractively valued relative to earnings and equity. Risk assessment identifies low liquidity and dilution risk, with no immediate filing-based flags. The debt-to-equity ratio of 0.11 reflects a conservative capital structure. No dilution sources were identified in filings, and the company's shares outstanding remain unchanged between basic and diluted shares. Recent events include no material regulatory or operational disruptions. The company's 10-K filing highlights stable operations in lead recycling and specialty chemicals, with no disclosed material litigation or compliance issues. No recent earnings call transcripts indicate significant strategic shifts.