Added to YB: 2023-03-30
Pitch date: 2023-03-29
ECK.WA [bullish]
Eurosnack S.A.
Author Info
Kreuzmann Investing is looking for the best opportunities in Small and Microcap companies around the world. Sign up for the newsletter.
Company Info
Eurosnack S.A. produces and distributes salty snacks and biscuits in Poland and internationally. The company also provides corn chips and crisps, pufuleti, savoury snacks, popcorn, puffed rice, sponge cakes.
Market Cap
PLN 94.0M
Pitch Price
N/A
Price Target
N/A
Dividend
6.02%
EV/EBITDA
4.63
P/E
N/A
EV/Sales
0.63
Sector
Food Products
Category
growth
Eurosnack SA - Is this a great opportunity for a 10bagger?
ECKP=.WA: Polish gluten-free snack distributor/producer. 8yr 40-50% CAGR, $17.7M mcap ($1.7M float), 10x EV/EBIT despite growth. Mgmt owns 91%. Targets 10% EBIT margin vs 6% today from operating leverage + commodity price normalization. Risks: 2013-14 margin collapse from price pressure, no clear moat, customer concentration, high inflation may mask real growth, extreme illiquidity. Trading 6-7x normalized EBIT at 140-150M PLN 2023 rev est. 3yr+ horizon for potential 3x+ if growth/margins materialize.
Read full article (21 min)