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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Orbia Advance Corporation, S.A.B. de C.V.    ORBIA *   MX01OR010004

ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.

(ORBIA *)
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Orbia Advance B de C : Israeli Netafim in $85 million deal to supply irrigation systems to India

08/10/2020 | 06:23am EST

Israeli irrigation company Netafim said on Monday it has secured an $85 million deal to provide precision irrigation systems to 35,000 farmers in India.

The deal includes three projects covering 66 villages in the state of Karnataka, which will be deployed over two years and will include technical and agronomic support for another five years. For these projects, Netafim joined forces with Indian infrastructure company MEIL.

These projects are an extension of the Ramthal community irrigation project in Karnataka, which was completed in 2017, and four projects in Karnataka and Andhra Pradesh which are being implemented.

"Netafim intends to expand the community irrigation project model to other countries characterized by a large number of small farmers," CEO Gaby Miodownik said.

Netafim is 80% owned by Mexico's Orbia.

(Reporting by Tova Cohen; Editing by Ari Rabinovitch)


© Reuters 2020
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Financials (USD)
Sales 2020 6 257 M - -
Net income 2020 113 M - -
Net Debt 2020 2 866 M - -
P/E ratio 2020 28,3x
Yield 2020 3,16%
Capitalization 4 692 M 4 687 M -
EV / Sales 2020 1,21x
EV / Sales 2021 1,10x
Nbr of Employees 21 842
Free-Float 48,9%
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Technical analysis trends ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 2,69 $
Last Close Price 2,33 $
Spread / Highest target 52,3%
Spread / Average Target 15,5%
Spread / Lowest Target -13,7%
EPS Revisions
Managers and Directors
NameTitle
Daniel Martínez-Valle Chief Executive Officer
Juan Pablo del Valle Perochena Chairman
Edgardo Carlos Chief Financial Officer
Mike Bruggeman Chief Information Officer
Adolfo del Valle Ruiz Director
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