Added to YB: 2026-05-08
Pitch date: 2026-05-06
DCC.L [bullish]
DCC plc
-0.95%
current return
Author Info
Value and Opportunity focuses on slow investing, special situations & the occasional wild punts Sign up for their newsletter.
Company Info
DCC plc engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.
Market Cap
GBP 4.9B
Pitch Price
GBP 58.00
Price Target
67.00 (+16%)
Dividend
3.68%
EV/EBITDA
7.13
P/E
43.89
EV/Sales
0.34
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
DCC - Interesting 'Special Situation' following KKR potential buyout offer at 58 GBP?
DCC.L (added to position): KKR & Energy Capital Partners bid 58 GBP rejected as 'too low' (only 15% premium). DCC refocusing on Energy distribution, 1.2x net debt/EBITDA, 7x EV/EBITDA. PE playbook: lever to 4x, add assets, exit at 12-15x for 20%+ IRR. Probability-weighted return: 16% to year-end (25% no deal at 55 GBP, 15% deal at 58, 60% better deal at 70). Energy price volatility tailwind. Limited downside with anchoring at 58 GBP floor.
Read full article (4 min)