<- Go home

Added to YB: 2024-11-04

Pitch date: 2024-10-30

LNF.TO [bullish]

Leon's Furniture Limited

+0.33%

current return

Author Info

No bio for this author

Company Info

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.

Market Cap

CAD 1.8B

Pitch Price

CAD 26.91

Price Target

N/A

Dividend

2.96%

Sector

Specialty Retail

Category

value

Greystone Capital Management Portfolio Holding: Leon's Furniture Limited

LNF.TO: Canada's largest furniture retailer, 15% market share, 302 stores, $2.5B revenue. 8.5% EPS CAGR last 20yrs. Scale advantages in purchasing, advertising. Family-run, 70% owned. Undervalued real estate ($1.2-1.6B) vs $1.8B market cap. REIT IPO by 2025. Toronto HQ development potential $200-400M. Trades at 6x EBITDA, 9x FCF. Top 5 holding.

Read full article (9 min)