Corbion NV
AEX:CRBN

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Corbion NV Logo
Corbion NV
AEX:CRBN
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Price: 17.95 EUR -6.02% Market Closed
Market Cap: €1B

EV/EBITDA

6.5
Current
26%
Cheaper
vs 3-y average of 8.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.5
=
Enterprise Value
€1.4B
/
EBITDA
€204.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.5
=
Enterprise Value
€1.4B
/
EBITDA
€204.3m

Valuation Scenarios

Corbion NV is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.9), the stock would be worth €24.34 (36% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+89%
Average Upside
48%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 6.5 €17.95
0%
3-Year Average 8.9 €24.34
+36%
5-Year Average 10.5 €28.84
+61%
Industry Average 6.9 €19.05
+6%
Country Average 12.4 €33.97
+89%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€1.4B
/
Jan 2026
€204.3m
=
6.5
Current
€1.4B
/
Dec 2026
€220.2m
=
6.3
Forward
€1.4B
/
Dec 2027
€234.3m
=
6
Forward
€1.4B
/
Dec 2028
€249m
=
5.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NL
Corbion NV
AEX:CRBN
1B EUR 6.5 13.8
US
Sherwin-Williams Co
NYSE:SHW
83B USD 20.9 32.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.4T JPY 12.6 25.6
US
Ecolab Inc
NYSE:ECL
75.8B USD 21.3 36.5
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 5.8 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
274.5B CNY 21.2 24.7
CH
Givaudan SA
SIX:GIVN
26.4B CHF 16.9 24.2
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 38.3 63.7
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 28.9 54.8
US
PPG Industries Inc
NYSE:PPG
25B USD 10.9 15.8
CH
Sika AG
F:SIKA
19.9B EUR 10.3 17.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
Corbion NV
AEX:CRBN
Average EV/EBITDA: 17.6
6.5
7%
0.9
US
Sherwin-Williams Co
NYSE:SHW
20.9
9%
2.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.6
4%
3.1
US
Ecolab Inc
NYSE:ECL
21.3
10%
2.1
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
5.8
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.2
33%
0.6
CH
Givaudan SA
SIX:GIVN
16.9
5%
3.4
IN
Asian Paints Ltd
NSE:ASIANPAINT
38.3
10%
3.8
DK
Novozymes A/S
CSE:NZYM B
28.9
N/A N/A
US
PPG Industries Inc
NYSE:PPG
10.9
7%
1.6
CH
Sika AG
F:SIKA
10.3
7%
1.5

Market Distribution

Lower than 80% of companies in Netherlands
Percentile
20th
Based on 490 companies
20th percentile
6.5
Low
0 — 7.9
Typical Range
7.9 — 19.3
High
19.3 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 7.9
Median 12.4
70th Percentile 19.3
Max 706

Corbion NV
Glance View

In the bustling world of biochemicals, Corbion NV emerges as a leader, deeply rooted in its Dutch origin yet boldly branching into global markets. Founded with a forward-thinking vision, the company has carved a niche in the sustainable solutions sector, primarily through its expertise in lactic acid and its derivatives. Corbion operates with a keen focus on innovation, leveraging its scientific prowess to transform renewable resources into high-demand food ingredients, biochemical solutions, and bioplastics. Serving industries that range from food preservation to personal care, the company's products are woven into the fabric of everyday life, delivering both functional benefits and a compelling narrative of sustainability. Corbion’s business model thrives on its ability to blend cutting-edge research with consumer needs, capitalizing on the growing demand for natural and eco-friendly alternatives. The company's revenue streams are neatly balanced between its two core segments: Ingredients Solutions, where it provides essential products for food and industry, and Innovation Platforms, which focuses on leveraging biotechnology to propel future growth, including in bioplastics and algae-based applications. By consistently aligning its operations with the shifting tides of consumer consciousness towards sustainability and health, Corbion not only preserves its competitive edge but also positions itself as a harbinger of change in the movement towards a more sustainable planet.

CRBN Intrinsic Value
27.04 EUR
Undervaluation 34%
Intrinsic Value
Price €17.95
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