Added to YB: 2025-05-22
Pitch date: 2025-05-20
SEM.LS [neutral]
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.
-3.37%
current return
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, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.
Market Cap
EUR 1.5B
Pitch Price
EUR 17.84
Price Target
N/A
Dividend
3.44%
EV/EBITDA
4.45
P/E
6.24
EV/Sales
1.06
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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