Professional
Added to YB: 2024-08-06
Pitch date: 2024-08-04
NEWA-B.ST [bullish]
New Wave Group AB (publ)
-3.64%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Benelux, rest of Nordic countries, rest of Europe, and internationally.
Market Cap
SEK 12.2B
Pitch Price
SEK 96.88
Price Target
N/A
Dividend
3.26%
EV/EBITDA
10.97
P/E
15.88
EV/Sales
1.50
Sector
Textiles, Apparel and Luxury Goods
Category
growth
New Wave – Vaulting to Glory?
NEWA-B.ST: Swedish sportswear co w/ Craft brand. 13x P/E, 10% rev CAGR since 2000. Aims to double Craft rev to €400m by 2027 (25% of sales). Risks: crowded market, margin pressure. Upside: Craft success could drive re-rating. Core biz profitable. Founder-CEO owns 34% capital, 82% votes.
Read full article (7 min)