Added to YB: 2025-08-29
Pitch date: 2025-07-07
CVSG.L [bullish]
CVS Group plc
+0.7%
current return
Author Info
No bio for this author
Company Info
CVS Group plc, together with its subsidiaries, engages in veterinary, online pharmacy, and retail businesses in the United Kingdom and Australia.
Market Cap
GBP 912.5M
Pitch Price
GBP 12.08
Price Target
20.00 (+64%)
Dividend
0.67%
EV/EBITDA
10.21
P/E
48.55
EV/Sales
1.70
Sector
Health Care Providers and Services
Category
special_situation
CVS Group plc - $CVSG.L
CVSG.L: UK vet consolidator dropped 55% on CMA investigation fears. Trading 8-9x FY25 AEBITDA vs historical mid-teens multiple. CMA tone softening under new pro-business leadership, likely 'sunlight remedies' vs price caps/divestitures. Australia expansion (28 practices, 30%+ margins) + resuming UK price increases post-resolution. Base case £15-20 target (60% upside), catalyst investigation end 2025.
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