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.
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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.
Recticel SA is a Belgian pure play insulation company specializing in the development and manufacture of polyurethane foam-based products that deliver innovative, lightweight, and sustainable comfort, thermal, and acoustic solutions. Its primary purpose is to advance a carbon-free economy through energy-efficient insulation for buildings and industrial applications, contributing to climate change mitigation efforts. The company operates three key divisions: Insulation Boards, offering high-performance polyisocyanurate (PIR) thermal and thermo-acoustic boards as well as vacuum insulated panels for residential, non-residential, and cold chain sectors; Insulated Panels, providing PIR and mineral wool-based solutions like modular units and structural elements under brands such as Trimo and REX for commercial, hospitality, education, and industrial facilities; and Acoustic Insulation, delivering absorption materials, barriers, damping products, gasketing, and specialized processes like Soundcoat 360 for markets including aerospace, heavy vehicles, infrastructure, energy, medical equipment, and electronics. With a strong presence in Europe, the US, UK, and beyond, Recticel SA plays a significant role in the building products industry by enhancing energy efficiency, prefabrication, and noise control across diverse sectors.
€10.86
+€0.00 (+0.00%)
Live · 04:48 PM · Twelve Data
Operating margin is thin at 3.59%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.4%, steady but not accelerating.
At 57x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
57.4x earnings, 278.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€655M
▲ +7.4% YoY
Net Income (TTM)
€11M
▼ -40.9% YoY
Op. Margin
3.59%
▲ +0.4pp YoY
ROIC
4.76%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▲ +134.2% YoY
Op. Cash Flow (TTM)
€14M
▲ +729.5% YoY
Net Debt
-€28M
Net Cash Position
Cash & Equiv.
€82M
3Y CAGR: +3.7%
3Y CAGR: -54.8%
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At a P/E of 57.4 and a price-to-free-cash-flow of 278.2, Recticel SA (RECT.XBRU) trades above a two-stage DCF intrinsic value of about €1.17 per share, so at €10.86 the stock looks overvalued (89.2% above 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, Recticel SA scores 34/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.9%; 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 €1.17 per share for RECT.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 €0.88. At today's €10.86, that puts the stock about 89.2% above 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.
Recticel SA scores 34 out of 100 on Intrinsiqq's quality score, passing 1 of 8 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 3.6% operating margin and a 4.8% 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, Recticel SA pays a regular dividend of about €0.31 per share per year (typically in quarterly installments), a yield of roughly 2.9% at the current price. That is a payout ratio of about 164.4% of earnings, so the dividend is stretched at this level. Recticel SA has grown the dividend at roughly 4.8% 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 RECT.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. RECT.XBRU currently trades above its estimated intrinsic value and scores 34/100 on quality (lower-quality). It also yields about 2.9%. 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.