Derichebourg Shares Drop 2.38% to €10.24 After a 63% Yearly Rally
The metal recycler's stock takes a breather midday. After reaching €10.69 the previous day, the share price falls by 2.38% to €10.24. This movement is part of a broadly lower trading session in Paris, with the CAC 40 down 1.38% and the SBF 120 down 1.37%.
Stock Moves Above Upper Bollinger Band into Overbought Territory
Derichebourg's stock is priced at €10.24, above the upper Bollinger Band set at €10.09. The stock is at 110% of the band, a clear overbought configuration. An RSI at 75 confirms this tension, following the rally that drove the stock up to €10.69 in Thursday's session. The gap with the 200-day moving average, at €7.12, is nearly 44%. The MM20 (€9.36) and MM50 (€8.79) remain significantly below the current price, indicating a bullish momentum that has been building for several weeks. Today's decline occurs as the SBF 120 index loses more than 1%, amidst tensions in the oil market, with Brent crude surpassing $109 per barrel.
Valuation at 11.4 Times Earnings, Below Sector Average
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Based on the consensus of five analysts, the stock is trading at approximately 11.4 times current year earnings and 9.7 times next year's earnings. The average for the Utilities sector is 16.9 times. The expected growth in earnings per share from one year to the next is 17.6%. The recent rally is supported by identified corporate operations. In early May, the group signed a contract for the acquisition of German-based Scholz Recycling, which has a revenue of €1.6 billion. Over one year, the stock has gained +63.32%, and +18.86% over three months.
SectorEnvironnement / recyclage · Services aux entreprises · Services aux collectivités›Gestion des déchets
Context
Period
Period: 2024-2025
Guidance from the release
C’est finalement un bel exercice, avec toutes les activités qui contribuent positivement au résultat. L’amélioration du résultat net est spectaculaire, grâce à l’ampleur du retournement réussi chez Elior Group.
Bonne résistance de l'activité malgré des prix bas des ferrailles et une baisse des volumes; amélioration des marges unitaires et forte contribution d'Elior; perspectives soutenues par mesures réglementaires européennes et nouveaux investissements.
Risks mentioned
Baisse des prix moyens des ferrailles et pression sur les volumes
Faible demande dans les secteurs automobile et construction en Europe
Visibilité réduite en contexte de bas de cycle
Opportunities identified
Amélioration de la contribution d'Elior Group
Entrée en vigueur du mécanisme d’ajustement carbone aux frontières et réforme des quotas/droits de douane favorisant la production locale
Mise en production de la nouvelle ligne de grenaillage de câbles en Espagne
Décarbonation des sites sidérurgiques en Europe susceptible d'augmenter la demande de ferrailles
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