Added to YB: 2025-04-23
Pitch date: 2025-04-21
BLV.PA [neutral]
Believe S.A.
+12.86%
current return
Author Info
Cocoa Beans are dedicated full-time to the professional management of equities and are currently based in Geneva and Madrid respectively. Cocoa Beans is the result of dedicating part of our free time to the search for interesting ideas for our personal portfolios and that are not investable in our professional day to day due to size or typology. The entries and chapters that we will deal with will be focused mainly on special situations and on very low capitalization companies and little followed by institutional funds and the sell side. Sign up for the newsletter.
Company Info
Believe S.A. provides digital music services for independent labels and local artists in France, Germany, rest of Europe, the Americas, Asia, Oceania, and Pacific.
Market Cap
EUR 1.5B
Pitch Price
EUR 15.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.53
P/E
-499.38
EV/Sales
1.47
Sector
Entertainment
Category
special_situation
New takeover bid for Believe SA: 'The Chilean hand'
BLV.PA (takeover bid - pass): Believe SA, up 80% in EBITDA since last takeover, faces forced squeeze-out at €15.30 (+2% from prior bid, -20% from IPO). Indie label growing at ~18% CAGR with 8% EBITDA margin. Independent valuations suggest fair value €18-20.3 vs BidCo's €10.1. Regulators may intervene but risky bet at current €15.40.
Read full article (9 min)