Added to YB: 2024-10-01
Pitch date: 2024-07-24
BNR.DE [bullish]
Brenntag SE
-18.88%
current return
Author Info
No bio for this author
Company Info
Brenntag SE engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.
Market Cap
EUR 7.1B
Pitch Price
EUR 62.58
Price Target
N/A
Dividend
4.27%
EV/EBITDA
7.88
P/E
17.02
EV/Sales
0.62
Sector
Trading Companies and Distributors
Category
value
Lazard International Equity Portfolio New Position: Brenntag SE
BNR.DE: Global chemical distributor, 2021-22 benefited from post-COVID recovery. 2023 saw partial reversal, but margins above pre-COVID. Margin stabilization & improving organic growth as price declines end. Trades at trough 12x PE vs 15x avg, 0.6x EV/Sales vs 0.75x avg. Initiated position due to mispricing despite market concerns.
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