{"id":69533,"date":"2025-06-22T12:07:38","date_gmt":"2025-06-22T12:07:38","guid":{"rendered":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/weekly-overview\/we-hit-a-homerun-with-this-stock-before-well-try-again\/"},"modified":"2025-06-22T12:07:38","modified_gmt":"2025-06-22T12:07:38","slug":"we-hit-a-homerun-with-this-stock-before-well-try-again-2","status":"publish","type":"post","link":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/fondsen\/we-hit-a-homerun-with-this-stock-before-well-try-again-2\/","title":{"rendered":"We hit a homerun with this stock before, we’ll try again!"},"content":{"rendered":"

Sharesunderten is surprised that the price of this Belgian share Deceuninck has fallen by more than 10 percent in one year, despite the fact that the price of the Turkish (listed) company Ege Profil, of which Deceuninck owns almost 88 percent of all shares, has risen by no less than 280 percent in one year. Investors seem concerned about the end markets in which the Belgian company operates. Sharesunderten sees an opportunity and buys 1250 shares of Deceuninck at the current price of \u20ac2.27 in the portfolio.<\/strong><\/p>\n

Next week (24 August) the Belgian group will present its half-year figures. On 26 April, management reiterated its previous forecast for the whole of 2023: another year of growth in the EBITDA result and a further improvement in the free cash flow are expected. Next week it will become clear to what extent the group has been affected by more difficult market conditions.<\/p>\n

\"\"
One-year share price development Deceuninck and Ege Profil. Source: Google.<\/em><\/figcaption><\/figure>\n

Since the beginning of May, the share price of Ege Profil has almost tripled. The stake that Deceuninck holds in this Turkish company now represents a value of \u20ac340 million, while the total market capitalization of the Belgian company is only \u20ac321 million. This means that at the time of writing, investors are assigning a negative valuation to the other activities of the Belgian group. This is despite the fact that an EBITDA result of \u20ac102.3 million was achieved in 2022 on a turnover of \u20ac974.1 million and the company had a net debt of only \u20ac88.3 million at the end of 2022.<\/p>\n

We believe that the share has a very good chance of success, despite the challenging short-term outlook for the group. In our opinion, a substantial part of the ‘hidden value’ could be crystallized if management takes the right steps, such as a partial sale of Ege Profil shares, a buyback of own shares or even a complete sale of Deceuninck. Who knows, we might hear more about one of the steps mentioned next week.<\/p>\n

The fact that the price is low could be due to the fact that analysts are afraid that Deceuninck will issue a profit warning next week. But that is actually\u00a0 not done so close to the figures,\u00a0<\/em> so our conclusion is that everyone is asleep.<\/p>\n

Subscribers with a slightly more active investment style could take another gamble by getting on board now. Sharesunderten advises to always maintain a proper spread in the portfolio. The price is now around \u20ac2.30, do not buy like a mad bull at any price. Take into account the limited liquidity in the share and, if necessary, work with limited orders. We are buying 1250 Deceuninck shares for our portfolio at the current price of \u20ac2.27.<\/p>\n

Fundamental characteristics Deceuninck<\/strong>
\nISIN code: BE0003789063
\nTicker: DECB
\nExchange:\u00a0 Euronext
\nPrice 17 August: \u20ac2.30
\nHighest price in 52 weeks: \u20ac2.73
\nLowest price in 52 weeks: \u20ac1.86
\nWebsite:\u00a0 www.deceuninck.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sharesunderten is surprised that the price of this Belgian share Deceuninck has fallen by more than 10 percent in one year, despite the fact that the price of the Turkish (listed) company Ege Profil, of which Deceuninck owns almost 88 percent of all shares, has risen by no less than 280 percent in one year. […]<\/p>\n","protected":false},"author":14,"featured_media":69292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[253,105],"tags":[],"class_list":["post-69533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyse","category-fondsen"],"acf":[],"_links":{"self":[{"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/posts\/69533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/comments?post=69533"}],"version-history":[{"count":0,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/posts\/69533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/media\/69292"}],"wp:attachment":[{"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/media?parent=69533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/categories?post=69533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devwp1.websiteserverhost.biz\/sharesunderten\/wp-json\/wp\/v2\/tags?post=69533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}