Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-11
IAC [bullish]
IAC Inc.
-1.42%
current return
Author Info
No bio for this author
Company Info
IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images; and magazines related to women and lifestyle under the media platforms and formats, such as People, Entertainment Weekly, People en Español, Allrecipes, Food & Wine, Simply Recipes, Serious Eats, EatingWell, The Spruce Eats, Liquor.
Market Cap
$3.4B
Pitch Price
$41.76
Price Target
225.00 (+447%)
Dividend
N/A
EV/EBITDA
14.33
P/E
-29.57
EV/Sales
1.72
Sector
Interactive Media and Services
Category
value
Azagala Capital Portfolio Holding: IAC Inc.
IAC: Undervalued at $52/share vs. $4.5B NAV (MGM $2.4B, ANGI $1.1B, $1B cash). DDM growing 12% YoY, $300M 2024 profit. Turo (32% stake) at $1.6B. MGM/ANGI buybacks. CEO incentives $110-$225/share. $1.7B cash for acquisitions. Catalysts: DDM growth, Turo IPO/sale, ANGI delisting, acquisitions.
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