Added to YB: 2024-10-15
Pitch date: 2024-10-13
KARE.AT [neutral]
Karelia Tobacco Company Inc.
+4.02%
current return
Author Info
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Company Info
Karelia Tobacco Company Inc. engages in the manufacture and wholesale of tobacco products in European Union, Africa, Asia, Greece, and Other European countries.
Market Cap
EUR 850.1M
Pitch Price
EUR 326.85
Price Target
N/A
Dividend
4.03%
EV/EBITDA
1.69
P/E
8.94
EV/Sales
0.63
Sector
Tobacco
Category
value
The Curious Case of Karelia
KARE.AT (illiquid, awaiting catalyst): Greek tobacco co since 1888. 75% int'l sales, high margins. 3x EV/EBIT, 9x P/E. €617M net cash (65% mkt cap). Insider-owned. Conservative mgmt, 35% payout. Illiquid (10-20 shares/day). Future growth uncertain. Bond-like, awaiting catalyst for better entry.
Read full article (7 min)