Borregaard

Borregaard is a supplier of specialized biochemicals for a global customer base. Co.'s main products are lignin-based products and specialty cellulose, but its product portfolio also extends to vanillin, bioethanol and fine chemicals. Co.'s products serve applications in a range of global end-markets including construction, agriculture, food and beverages, transportation and pharmaceuticals. Co.'s business model is closely linked to the integrated nature of its biorefinery in Norway, which utilizes the wood components to produce a portfolio of products. Co. operates in three business segments: Performance Chemicals, Specialty Cellulose and Other Businesses.
  • TickerBRG
  • ISINNO0010657505
  • ExchangeOslo Bors
  • SectorChemicals
  • CountryNorway

Analysts

Martin Melbye ...
  • Øystein Elton Lodgaard

Sector Fast Comment - December pulp data: shipments +21% y-o-y

Global shipments +21% y-o-y, to China +71% y-o-y Inventories back at historical average (-6% m-o-m) Softwood prices start to turn up (-35% from peak)

Martin Melbye ...
  • Øystein Elton Lodgaard

Sector Fast Comment - December pulp data: shipments +21% y-o-y

Global shipments +21% y-o-y, to China +71% y-o-y Inventories back at historical average (-6% m-o-m) Softwood prices start to turn up (-35% from peak)

Sector Fast Comment - Chinese RCP imports down 42%

RCP import permits in China -42% y-o-y so far in 2020 RCP prices are down +50% y-o-y Positive for pulp, forest owners and RCP buyers

Eivind Sars Veddeng

Borregaard (Hold, TP: NOK105.00) - Set for improved 2020

Q4 EBITA was spot on our forecast, as a soft result in lignin was offset by yet another strong quarter for vanillin.

Martin Melbye ...
  • Øystein Elton Lodgaard

Borregaard - Higher prices and a weaker NOK to the rescue

EBITA spot-on ABGSC estimates, Lignin still weak. 2% higher specialty cellulose prices + lower wood costs Long-term EPS capacity of ~NOK 9, P/E of ~10x

Martin Melbye ...
  • Øystein Elton Lodgaard

Borregaard - Q4 EBITA below – spec cell prices +2% for ‘20

EBITA 16% below consensus, in-line with ABG Lignin still weak (lower volumes) Specialty cellulose price +2% in ’20, lower lignin volumes

1 director sold

A director at Borregaard Asa sold 12,000 shares at 92.000NOK and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

BORREGAARD ASA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of BORREGAARD ASA (NO), a company active in the Specialty Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date February 7, 2020, the closing price was NOK 97.00 and its potential was estimated at NOK 103.27.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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