Added to YB: 2025-05-22
Pitch date: 2025-05-20
SEM.LS [neutral]
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. Sign up for the newsletter.
Company Info
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.
Market Cap
$1.7B
Pitch Price
N/A
Price Target
N/A
Dividend
3.01%
EV/EBITDA
9.85
P/E
35.29
EV/Sales
1.55
Sector
Paper and Forest Products
Category
value
Semapa: Continue waiting?
SEM.LS (earnings update): Portugal conglomerate - Navigator (73% of revenue/earnings) faces falling paper demand/prices but diversifying into tissue/packaging. Secil cement grew 5.2% on Lebanon/Tunisia strength. Q1 consolidated rev +1.8% but net profit -17.9% to €39.6M. 88% family-owned, trading at persistent discount; awaiting potential privatization attempt. +40% gain in 2 years.
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