Added to YB: 2026-04-29
Pitch date: 2026-02-24
WHD [bullish]
Cactus, Inc.
-4.55%
current return
Author Info
No bio for this author
Company Info
Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.
Market Cap
$3.9B
Pitch Price
$58.58
Price Target
90.00 (+61%)
Dividend
0.99%
EV/EBITDA
11.87
P/E
23.56
EV/Sales
3.76
Sector
Energy Equipment and Services
Category
growth
Cactus, Inc. - $WHD
WHD: Leading wellhead systems & spoolable pipe mfr w/ 43% onshore share, 31-33% EBITDA margins despite 10%+ rig count decline. Acquired 65% of Baker Hughes SPC (85% Middle East rev) at 6x EBITDA w/ synergy upside. FlexSteel has runway to $200M EBITDA (vs ~$150M today) via intl sour crude expansion & potential PHMSA regulatory tailwinds for midstream use. Bender family (15% ownership) track record exceptional. Est $5/share FCF in '28, 16x multiple + $10/share net cash = $90 PT.
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