Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
CYG.AX [bullish]
Coventry Group Ltd
-53.18%
current return
Author Info
No bio for this author
Company Info
Coventry Group Ltd primarily engages in the distribution of industrial products and services in Australia and New Zealand.
Market Cap
AUD 155.6M
Pitch Price
AUD 1.22
Price Target
N/A
Dividend
2.82%
EV/EBITDA
9.13
P/E
195.88
EV/Sales
0.76
Sector
Trading Companies and Distributors
Category
growth
Sandon Capital Activist Fund Portfolio Holding: Coventry Group Ltd
CYG.AX: 7th year of revenue (+3%) & EBITDA (+22%) growth. Positive operating leverage from improved service & pricing power. Steelmasters acquisition complementary. ERP upgrade completion Dec, expect $15M+ annual FCF. Debt reduction, dividend increases & acquisitions likely. Trading at EV $189.2M, with $47.3M net debt.
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