Professional
Added to YB: 2024-08-21
Pitch date: 2024-08-19
CPR.MI [bullish]
Davide Campari-Milano N.V.
-25.74%
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
Davide Campari-Milano N.V., together with its subsidiaries, markets and distributes alcoholic and non-alcoholic beverages in the Americas, the Middle East, Africa, Europe, and the Asia-Pacific.
Market Cap
EUR 6.8B
Pitch Price
EUR 8.06
Price Target
N/A
Dividend
1.15%
EV/EBITDA
14.29
P/E
35.97
EV/Sales
2.99
Sector
Beverages
Category
turnaround
Campari – painting the town orange
CPR.MI: Campari stock -40% from 2021 peak. Aperol key to growth (19% CAGR since 2003, 24% of sales). New CEO from Asia. Espolòn tequila strong. Courvoisier acquisition dilutive near-term. Spirits sector slowdown, but Campari outperforming. 23x P/E, 3.5x net debt/EBITDA. Capex heavy 2023-25. Bull case: Aperol growth, margin recovery.
Read full article (14 min)