Thrace Plastics is an established international producer of technical fabrics and packaging that is moving into a 7.9% EPS CAGR phase to FY21 following recent capex programmes. The current valuation overlooks these prospects in our view, presenting investors with an opportunity to participate in a re-rating that we would expect to result from the conversion of investment into the delivery of improving returns, profits and cash generation.
14 Jun 2019
Thrace Plastics - Improving returns to drive re-rating
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Thrace Plastics - Improving returns to drive re-rating
- Published:
14 Jun 2019 -
Author:
Toby Thorrington -
Pages:
18
Thrace Plastics is an established international producer of technical fabrics and packaging that is moving into a 7.9% EPS CAGR phase to FY21 following recent capex programmes. The current valuation overlooks these prospects in our view, presenting investors with an opportunity to participate in a re-rating that we would expect to result from the conversion of investment into the delivery of improving returns, profits and cash generation.