Professional
Added to YB: 2026-03-30
Pitch date: 2026-03-26
YAY.V [bullish]
THS Maple Holdings Ltd.
Author Info
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Company Info
THS Maple Holdings Ltd. engages in the supply, bottling, packaging, and marketing of maple syrup and maple syrup-related products.
Market Cap
CAD 5.4M
Pitch Price
N/A
Price Target
0.20 (+122%)
Dividend
N/A
EV/EBITDA
-41.03
P/E
-2.93
EV/Sales
1.08
Sector
Consumer Staples Distribution and Retail
Category
growth
THS Maple Holdings – Positioned for Inflection as International Sales Accelerate
YAY.V: Canada's largest premium maple gift co, 50yr history, 65k SF facility at fraction of capacity, new Vermont plant. Mgmt guides 25%+ growth via int'l expansion (15% of sales, 20+ countries), retail DTC, co-branding in edible gifts. FY28 EBITDA target 10-12% margin vs 0.7% H1/26. Consolidator play in fragmented mkt (13.5k+ producers). Natural sweetener tailwinds (glycemic index 54 vs 65 for sugar). Beutel family 39% ownership. Trading 0.8x/0.7x FY26E/FY27E sales vs peers 1.4x; 17.4x/7.5x EBITDA. $0.20 PT on 10x FY28E EBITDA ($2.2M). Risks: high leverage (11.7x net debt/EBITDA), illiquid (1.3k sh/day avg), volatile profitability, supplier/mfg reliance.
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