Report
Andrew Lane
EUR 101.80 For Business Accounts Only

Balchem is positioned to deliver steady earnings growth through the end of the decade.

Balchem reported solid second-quarter results as sales and profits increased year on year across three of its four reporting segments. The company boasted record second-quarter sales, carrying strong momentum into the second half of the year. Our fair value estimate rises slightly to $84 per share on time value of money effects, and we reiterate our narrow moat rating.
Balchem reported encouraging results from its human nutrition and health, specialty products, and industrial products segments, ...
Underlying
Balchem Corporation

Balchem is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization and industrial markets. The company has four reportable segments: Human Nutrition & Health, which provides human grade choline nutrients and mineral amino acid chelated products for nutrition wellness applications; Animal Nutrition & Health, which provides nutritional products in addition to basic choline chloride; Specialty Products, which provides ethylene oxide and propylene oxide; and Industrial Products, which provides certain derivatives of choline chloride, as well as manufactures and sells methylamines.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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