Professional
Added to YB: 2024-01-29
Pitch date: 2024-01-29
CLMT [bullish]
Calumet, Inc.
+28.68%
current return
Author Info
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Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$1.6B
Pitch Price
$15.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.66
P/E
-43.44
EV/Sales
1.01
Sector
Oil, Gas and Consumable Fuels
Category
N/A
Calumet Specialty Products (CLMT)
CLMT: $16 to $24-$51 PT (50-200% upside) in 1-2 yrs. Refinery/specialty chemicals biz + new renewable diesel/SAF facility. Catalysts: 1) MRL sale/IPO, 2) C-Corp conversion, 3) DOE financing for expansion. MRL at $3-5B valuation (11x $250-500M EBITDA). Risks: financing, subsidies, market economics, cyclicality. SOTP valuation: Legacy $275M EBITDA at 5-10x, MRL $250-500M at 11-13x.
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