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Added to YB: 2024-09-20

Pitch date: 2024-08-05

TPB [bullish]

Turning Point Brands, Inc.

+214.7%

current return

Author Info

No bio for this author

Company Info

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products in the United States and Canada.

Market Cap

$2.0B

Pitch Price

$35.23

Price Target

90.00 (-19%)

Dividend

0.29%

EV/EBITDA

18.08

P/E

173.10

EV/Sales

4.73

Sector

Tobacco

Category

growth

Show full summary:
Maran Capital Management Portfolio Holding: Turning Point Brands, Inc.

TPB ($650M cap): Core Zig-Zag/Stokers driving mid-single digit EBITDA growth. $100M EBITDA, $50-60M FCF (high single-digit yield). New FRE nicotine pouch could hit $100M-250M rev in growing $2.5B+ market. $75-90/share PT by 2027 ($5 FCF/share at 15-18x). Risks: execution, M&A distraction.

Read full article (3 min)