Professional
Added to YB: 2026-02-23
Pitch date: 2026-02-18
SLYG.F [neutral]
Shelly Group SE
Author Info
Arauca Capital is a long-biased alternative investment fund that invests in listed companies following Warren Buffett´s philosophy. Arauca thrives in finding and holding great businesses for long periods of time or as long as management executes. Visit the website.
Company Info
Shelly Group SE, together with its subsidiaries, engages in the internet of things business in Bulgaria, European Union, and internationally.
Market Cap
EUR 2.3B
Pitch Price
EUR 66.00
Price Target
130.00 (+97%)
Dividend
N/A
EV/EBITDA
36.21
P/E
43.62
EV/Sales
9.24
Sector
Electronic Equipment, Instruments and Components
Category
growth
Arauca Capital Portfolio Holding: Shelly Group SE
SLYG.F (holding update): €150M rev (+40% YoY, Q4 +50%), 16k daily cloud activations (+45%). 3k+ installers, 45% pro penetration in Nordics transforming revenue quality. Shelly X module gaining share vs Tuya. Expanding local ops across EU/US w/ ex-Fibaro CEO for Poland. Major US distributor talks progressing. New CFO Jan '26, but governance remains key blocker for institutional capital. Trading at ~7x entry, mgmt targets 30%+ growth = 2.5yr doubling time.
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