 Since reaching 76.50 in March, TSE has steadily descended by nearly a third to 51.60 on Friday. Simultaneously, estimates have increased by more than 100 causing TSEs valuation to be decimated. TSEs 2021 FCF guidance after Q1 was 445 million 11.50 per share. Trading at 4.4xFCF 22 FCF Yield without factoring in the highly accretive acquisition of Arkemas PMMA business. 