@beetlejuice In brief. $SYENS was spun off at the beginning of the year. This represented just under 80% of the company's value. But the division was never really profitable. In addition, the money from the spin-off was used to pay off debts and also partly invested in modern technology. The P/E ratio shown here is of course extremely distorted by the one-off effect. Should be around 20 after the dip. Plus minus 5 I don't feel like doing the math right now 😉 If you take BASF, which is the same industry, it is 75. The industry average is somewhere around 17.
