Added to YB: 2024-10-01
Pitch date: 2024-09-30
CULP [bullish]
Culp, Inc.
-45.44%
current return
Author Info
Company Info
Culp, Inc. manufactures, sources, and sells fabrics and mattress covers, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally.
Market Cap
$49.4M
Pitch Price
$6.80
Price Target
13.20 (+250%)
Dividend
N/A
EV/EBITDA
39.94
P/E
-4.04
EV/Sales
0.29
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Culp, Inc. (CULP) Eyes $6.6-$9 Valuation Amid Restructuring, Plans $10M+ Warehouse Sale
CULP: Mattress/upholstery co restructuring. 22NW (10%, board seat) & Gate Capital (10%) key shareholders. Upholstery profitable, mattress segment breakeven post-restructuring. Worst: $5.95 (BV). Base: $6.6-$9 (7-10M EBIT, 10x EV/EBIT). Best: $13.2 (15M EBIT). Proxy fight potential. Industry recovery key.
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