STRONG BUY Robertet SA (CBE.PA)
Basic Materials · Chemicals · PAR · France
84
Final Score
77.9%
Margin of Safety
81
Quality Score
€680.00
Current Price
€1.4B
Market Cap
Key Metrics
Pe Ratio
14.39
Pb Ratio
2.37
Ev Ebitda
8.96
Roe
18.0%
Gross Margin
59.3%
Operating Margin
14.7%
Net Margin
12.3%
Debt To Equity
42.05
Current Ratio
3.08
Beta
0.35
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
€2,462.95
Base
€3,078.68
High
€3,694.42
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
14.39
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
4.00
Fcf Lookback
4.00
Debt To Equity
0.42
Current Ratio
3.08
Dilution Cagr
0.00
Stage B — Quality Score: 81/100
Stage C — Cyclicality: MED
Normalized EPS
€41.13
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 28.5 |
| Earnings Quality | 20.4 |
| Balance Sheet | 18.0 |
| Stability | 8.2 |
| Moat Proxies | 8.6 |
Top Drivers
- Deep discount: Robertet SA trades at €680.00, estimated intrinsic value is €3,078.68 — a 78% margin of safety. Graham requires ≥30%; this exceeds even the 45% strong-buy threshold.
- Exceptional business quality (score 81/100): consistent profitability, strong returns on capital, and stable margins — hallmarks of a Buffett-style competitive moat.
- Reasonable P/E of 14.4x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- High ROIC of 15.6% — the business earns well above its cost of capital, indicating a strong competitive advantage and efficient capital allocation (Buffett seeks ROIC > 12%).
- Fortress balance sheet: D/E of 0.42x (conservative) and current ratio of 3.08x — ample liquidity and low financial risk. Graham emphasis on capital preservation.
Top Risks
- Moderate cyclicality (Cyclical sector: Basic Materials) — earnings may fluctuate.
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2021 | N/A | N/A | N/A | N/A | €N/A |
| 2022 | €703.0M | €373.4M | €104.8M | €76.0M | €36.41 |
| 2023 | €721.1M | €391.8M | €112.7M | €74.6M | €35.71 |
| 2024 | €807.6M | €455.2M | €125.2M | €90.1M | €43.06 |
| 2025 | €843.9M | €500.1M | €143.9M | €103.4M | €49.34 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2021 | N/A | N/A | N/A |
| 2022 | €46.8M | €-22.8M | €24.0M |
| 2023 | €101.8M | €-17.3M | €84.5M |
| 2024 | €112.4M | €-38.6M | €73.8M |
| 2025 | €111.0M | €-44.2M | €66.7M |