Added to YB: 2024-09-06
Pitch date: 2024-09-05
SOM.L [bullish]
Somero Enterprises, Inc.
-11.15%
current return
Author Info
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Company Info
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment.
Market Cap
GBP 164.9M
Pitch Price
GBP 2.59
Price Target
3.60 (+57%)
Dividend
6.94%
EV/EBITDA
5.16
P/E
9.16
EV/Sales
1.27
Sector
Machinery
Category
dividend
Show full summary:
Quick Pitch: Somero Enterprises, Inc.
SOM.L: Dominant in laser-enabled concrete screeds. 10% organic sales CAGR since FY13, 27% EBIT margin, 34% ROIC. 73% NA sales. Long product cycles (5-10yrs). Strong moat: patents, scale, support. Cyclical risk. FY24 rev guide $110m (-9% YoY). 24% upside to £3.6 PT. 8% dividend yield. PE takeover potential.
Read full article (10 min)