Spanish stock alert


Afternoon Alert: Almirall up 4.8% in 2 days 16 January 2018 13:41 CET


Almirall, S.A. (MA:ALM) extended its gains on Tuesday, rising an additional 28.50c (or 3.3%) to trade at EUR8.92. Trading volume was 1.2 times average so far today. The shares have risen 41.0c (or 4.8%) over the past two trading days vs. the IBEX 35 Index which has risen 0.6% in the same period.

Current indications of bullish signals that support the trend in the unusual trading:

+ The positive 0.09 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Dividend yield of 2.1% [1.9%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 14.1%.

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 28.7% in the last 3 years. This is considered superior and suggests a high margin of safety.


Almirall today is at a discount of 46.5% to the 12-month high of EUR16.67 on 04 May, 2017. It is at a premium of 22.5% to the 12-month low of EUR7.28 on 15 Nov, 2017.

The stock has underperformed 62% of the Spanish market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low twice.

The price dropped 3.0% in the last week.

The present value of EUR1,000 invested one year ago is EUR603 [vs EUR1,118 for the IBEX 35 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:


Price/Earnings of 43.8 [14.8]

Almirall, S.A. (MA:ALM; MCE:ALM; MC:ALM; SM:ALM)

ISIN: ES0157097017

PermID: 4295889280