Added to YB: 2025-09-23
Pitch date: 2025-09-21
CLMT [bullish]
Calumet, Inc.
+11.77%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$1.6B
Pitch Price
$18.27
Price Target
30.00 (+47%)
Dividend
N/A
EV/EBITDA
11.66
P/E
-43.44
EV/Sales
1.01
Sector
Oil, Gas and Consumable Fuels
Category
growth
Calumet Specialty ($CLMT) - Betting On The Bio Fuels Market
CLMT: Specialty chemicals + renewable fuels co. SPS/PB worth ~$13/share at 8x mid-cycle EBITDA. Key catalyst: MRL segment poised for $300mm EBITDA (vs $65mm current) on higher RVO mandates, D4 RIN pricing to $1.50-2.00, & SAF expansion to 150mm gal by 2026. Risk: 5x debt/EBITDA if margins don't recover.
Read full article (6 min)