Professional
Added to YB: 2024-10-21
Pitch date: 2024-10-16
UNIR.MI [bullish]
Unieuro S.p.A.
+2.1%
current return
Author Info
No bio for this author
Company Info
Unieuro S.p.A. operates as a distributor and retailer of consumer electronics and household appliances in Italy and internationally.
Market Cap
EUR 235.5M
Pitch Price
EUR 11.44
Price Target
N/A
Dividend
4.00%
EV/EBITDA
4.82
P/E
228.99
EV/Sales
0.25
Sector
Specialty Retail
Category
special_situation
Palm Harbour Capital Portfolio Holding: Unieuro S.p.A.
UNIR.MI: Unieuro, Italian electronics retailer, received €12/share offer from Fnac Darty. Bid undervalues co. in cyclical downturn. Est. €30-40M annual FCF. €7.5 dividend/share since 2017 IPO. Board split on lowball offer. Iliad directors' approval questionable. Analysts recommend accept, but upgrade Fnac on 50% upside from deal.
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