Added to YB: 2026-04-16
Pitch date: 2026-04-13
SLYG.DE [bullish]
Shelly Group SE
-1.26%
current return
Author Info
No bio for this author
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 2.0B
Pitch Price
EUR 55.70
Price Target
87.00 (+58%)
Dividend
N/A
EV/EBITDA
29.73
P/E
39.64
EV/Sales
6.66
Sector
Electronic Equipment, Instruments and Components
Category
growth
Shelly Group SE ($SLYG) The Bulgarian IoT Champion That Just Entered the SDAX
SLYG.DE: Bulgarian IoT leader, fresh SDAX member (1st Bulgarian ever). €150M rev (+40% YoY), 25% EBIT margin, 31-35% ROE, debt-free. 120 products (relays, sensors, locks, cameras launching '26), 2.7M cloud users. FY25: €149.7M rev, €37.7M EBIT. FY26 guide: €195-205M rev, €47-52M EBIT. SaaS €1M→€2M→€4M ('25-'27). Trades 32x adj EPS vs Plejd 50x. Fair PE model: €87 PT (~30% ann. return). Risks: China mfg, Amazon channel stress, Bulgaria discount.
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