Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Campine NV is a Belgian specialty chemicals and circular metals company founded in 1912 and headquartered in Beerse. Originally established as Compagnie Métallurgique de la Campine, it has evolved into a global leader in sustainable recycling, focusing on recovering lead, tin, precious metals, and antimony from industrial waste and batteries to produce reusable raw materials. The company manufactures lead alloys and antimony trioxide, a key flame retardant, polymerization catalyst, and pigment reagent used in plastics, rubber, automotive, electronics, and packaging industries. It also produces polymer masterbatches and PET catalysts, contributing roughly 10% of worldwide antimony trioxide output. With about 263 employees, Campine NV emphasizes the circular economy, recycling over 90% of residual water and maintaining emissions below legal standards while holding ISO 9001, 14001, and 45001 certifications. Exporting to 28 countries, its operations span Europe, North America, and Asia, positioning it as a vital player in ecologically responsible waste treatment and resource recovery.
€224.00
€4.00 (-1.75%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 8.95%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 109.8%, still solid.
Even for strong businesses, today's 6x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
5.9x earnings, 11.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€766M
▲ +109.8% YoY
Net Income (TTM)
€57M
▲ +154.3% YoY
Op. Margin
8.95%
▲ +0.4pp YoY
ROIC
41.04%
▲ +16.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€29M
▲ +71.7% YoY
Op. Cash Flow (TTM)
€40M
▲ +36.5% YoY
Net Debt
-€2M
Net Cash Position
Cash & Equiv.
€18M
3Y CAGR: +34.1%
Continue Research
At a P/E of 5.9 and a price-to-free-cash-flow of 11.5, Campine NV (CAMB.XBRU) trades below a two-stage DCF intrinsic value of about €987.82 per share, so at €224.00 the stock looks undervalued (341.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Campine NV scores 97/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €987.82 per share for CAMB.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €740.87. At today's €224.00, that puts the stock about 341.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Campine NV scores 97 out of 100 on Intrinsiqq's quality score, passing 7 of 8 checks, which makes it a high-quality business on these measures. Recent fundamentals include a 8.9% operating margin and a 41.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Campine NV pays a regular dividend of about €4.57 per share per year (typically in quarterly installments), a yield of roughly 2.0% at the current price. That is a payout ratio of about 12.1% of earnings, so the dividend is amply covered by earnings. Campine NV has grown the dividend at roughly 59.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CAMB.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. CAMB.XBRU currently trades below its estimated intrinsic value and scores 97/100 on quality (high-quality). It also yields about 2.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.