Professional
Added to YB: 2025-04-22
Pitch date: 2025-04-17
BUKS [neutral]
Butler National Corporation
+73.58%
current return
Author Info
Merion Road Capital is a fund in Miami focused on value-oriented investing through rigorous fundamental analysis of a company's operations. Follow on Twitter/X.
Company Info
Butler National Corporation designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.
Market Cap
$160.4M
Pitch Price
$1.59
Price Target
2.60 (-6%)
Dividend
N/A
EV/EBITDA
6.59
P/E
11.46
EV/Sales
1.96
Sector
Aerospace and Defense
Category
value
Merion Road Capital Portfolio Holding: Butler National Corporation
BUKS (holding update): Casino+aircraft mod biz with improved governance after CEO exit (~10% buyback). Casino $13M EBITDA (6x=$80M). Aircraft mod $10M EBITDA (9x=$106M). $2.60 PT (+66%). Net cash, strong board incentives, 8x PE w/high single-digit growth & $35M backlog (+16% YoY).
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