Professional
Added to YB: 2024-11-04
Pitch date: 2024-11-01
KITW.L [bullish]
Kitwave Group plc
-31.02%
current return
Author Info
Sohra Peak is a NY-based fund focused on undervalued small-caps with long-term potential. Follow the founder on Twitter.
Company Info
Kitwave Group plc engages in the food and drink wholesale business in the United Kingdom. The company operates through Ambient, Frozen & Chilled, and Foodservice divisions.
Market Cap
GBP 191.8M
Pitch Price
GBP 3.04
Price Target
N/A
Dividend
5.00%
EV/EBITDA
6.86
P/E
11.35
EV/Sales
0.42
Sector
Consumer Staples Distribution and Retail
Category
growth
Sohra Peak Capital Portfolio Holding: Kitwave Group plc
KITW.L: Acquired Creed at 5.8x EV/EBITDA post-synergies. Deal adds 20% to sales, makes Kitwave 'serious player in foodservice'. Equity issuance for financing due to UK market debt aversion. FY25 EPS est. £0.32, trading at ~10x. Roll-up strategy continues in UK foodservice wholesale.
Read full article (1 min)