Ence Energia y Celulosa SA

Ence Energia Y Celulosa is engaged in the manufacture and commercialization of wood pulp and derivatives. Co. divides its activities into the following two business lines: Forest Division: Co. manages timberlands in South America and the Iberian Peninsula. Co. is involved in trading of wood, and supplies solid wood products including: plywood, sawn timber, parquet flooring and glued-edge paneling. Co. is involved in forest and environmental consulting. Pulp Division and Energy Production: Co. is engaged in the production of Eucalyptus globulus-based TCF and ECF paper pulp. Co. is also involved in the generation of electricity through biomass power producing plants.
  • TickerENC
  • ISINES0130625512
  • ExchangeMadrid Stock Exchange
  • SectorForestry & Paper
  • CountrySpain

Analysts

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 22 AL 29 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Grifols Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Thanks to a better fundamental star rating, ENCE ENGA.Y CELULOSA SA sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ENCE ENGA.Y CELULOSA SA (ES), active in the Paper industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 17, 2020, the closing price was EUR 4.00 and its expected value was estimated at EUR 3.65.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 01 AL 08 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Bajamos Inditex, subimos Grifols y entra Técnicas Reunidas. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL CIERRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 04 TO 11 DECEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Airbus, Air Liquide, AXA, SAP & Vivendi No changes this week. Spanish Recommended Portfolio We include Grifols and lower the weight of Acerinox. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

ENCE Energia y Celulosa, S.A. - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Joan Sehim

Ence is booming as pulp prices reach new heights

Ence is booming as pulp prices reach new heights. Ence, Europe’s No. 1 maker of eucalyptus pulp, reported stellar 4Q17 results, in keeping with those for the entire year. Sales and EBITDA soared 21% and 63% yoy to €213m and €68m respectively, representing a comfortable 32.1% margin, up from 23.9% last year. In the pulp business (82% of sales), up 22% yoy, the Spanish company fully benefited from the rocketing pulp price: to $980/t at year-end 2017 against $675/t one year earlier. ...

ENCE Energia y Celulosa, S.A. - September 2017 (LTM): Peer Snapshot

Peer Snapshot : ENCE Energia y Celulosa, S.A. - September 2017 (LTM)  13 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Sep-15 FYE Sep-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM

ENCE Energia y Celulosa, S.A.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 11 October 2017 Update RATINGS ENCE Energia y Celulosa, S.A. Domicile Spain Long Term Rating Ba3 Type LT Corporate Family Ratings Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Martin Fujerik 49-69-70730-909

ENCE Energia y Celulosa, S.A. - June 2017 (LTM): Peer Snapshot

Peer Snapshot: ENCE  Energia y Celulosa, S.A. - June 2017 (LTM) 10 October 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Sep-15 FYE Sep-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 22 AL 29 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Grifols Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 01 AL 08 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Bajamos Inditex, subimos Grifols y entra Técnicas Reunidas. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL CIERRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 04 TO 11 DECEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Airbus, Air Liquide, AXA, SAP & Vivendi No changes this week. Spanish Recommended Portfolio We include Grifols and lower the weight of Acerinox. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 04 AL 11 DICIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Entra Grifols y bajamos peso en Acerinox. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

1 director bought

A director at Ence Energia Y Celulosa SA bought 27,000 shares at 3.730EUR and the significance rating of the trade was 67/100. 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 n...

Thanks to a better fundamental star rating, ENCE ENGA.Y CELULOSA SA sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ENCE ENGA.Y CELULOSA SA (ES), active in the Paper industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 17, 2020, the closing price was EUR 4.00 and its expected value was estimated at EUR 3.65.

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...

MarketLine Department

Crown Van Gelder N.V. - Strategy, SWOT and Corporate Finance Report

Summary Crown Van Gelder N.V. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Crown Van Gelder N.V. required for business and competitor intelligence needs - A study of the major internal and external factors affecting Crown Van Gelder N.V. in the form of a SWOT analysis - An in-depth view of the business model of Crown Van Gelder N.V. includi...

Expert Corporate Governance Service (ECGS)

ENCE, March 28, 2019

We have concerns over the insufficient independent representation on the Board (36% according to the Company and our guidelines). Therefore, we recommend that shareholders oppose the reappointment of the non-executive non-independent Directors Mr. Fernando Abril-Martorell Hernández (item 5.B), who is the Chairman-CEO of Ence's business partner Indra, and Mr. José Guillermo Zubía Guinea (item 5.C), who has been on the Board for more than 12 years. In item 7, the Board proposes to approve a new long-term incentive plan for the 2019-2023 period. The incentive will be paid 30% in cash and 70% in ...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bottoms-up view on developed int'l, part two Big Picture: Our outlook remains neutral on the MSCI ACWI ex-U.S. index (when priced in local currency) while horizontal consolidation continues. On the other hand, we are negative on broad global ex-U.S. markets when priced in USD... see charts below. In today's report we take a bottoms-up approach to developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities at current levels. Specifically we present actionable stocks within the Communications, Health Care, Manufacturing, Materials, Technology, Transportation, and U...

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