Professional
Added to YB: 2025-09-03
Pitch date: 2025-08-30
HAYPP.ST [neutral]
Haypp Group AB (publ)
-3.31%
current return
Author Info
Caro-Kann Capital is a research-intensive investment firm focused on small cap stocks. Visit the website.
Company Info
Haypp Group AB (publ) operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.
Market Cap
SEK 4.5B
Pitch Price
SEK 151.20
Price Target
4.4K (+2904%)
Dividend
N/A
EV/EBITDA
28.58
P/E
63.97
EV/Sales
1.23
Sector
Specialty Retail
Category
growth
Caro-Kann Capital Portfolio Holding: Haypp Group AB
HAYPP.ST (holding update): Leading global online nicotine pouch retailer w/ strong moat via scale advantages, top SEO ranking (sub-1% marketing spend due to ad bans), & strategic manufacturer partnerships. Strong mgmt execution 7+ yrs, CEO owns 3.5%. Non-demanding valuation for competitive position. 3-5yr strong returns path, potential 20-30x upside 8-12yrs. Risks: regulation, Amazon entry, execution.
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