Professional
Added to YB: 2024-11-06
Pitch date: 2024-10-25
INPST.AS [bullish]
InPost S.A.
-44.16%
current return
Author Info
Granular Capital is a London based equity manager that was founded in 2018. Our aim is to pursue a concentrated strategy in small and mid-capitalisation stocks in Europe. Our strategy to invest in companies is based off strategic cornerstones. Deep fundamental research allows us to develop conviction in strong businesses with proven quality and long term growth trajectories. This long term approach leads us to partner with aligned management teams, resulting in a low portfolio turnover which supports deep fundamental research. Sign up for the newsletter.
Company Info
InPost S.A., together with its subsidiaries, operates as an out-of-home e-commerce enablement platform providing parcel locker services in Poland and other European countries.
Market Cap
EUR 20.0B
Pitch Price
EUR 18.25
Price Target
59.00 (+479%)
Dividend
N/A
EV/EBITDA
7.56
P/E
22.50
EV/Sales
2.11
Sector
Air Freight and Logistics
Category
growth
InPost S.A. - $INPST.AS
INPST.AS: Dominant APM network in Poland (50% mkt share, 46% EBITDA margin) expanding to UK/France. High barriers, strong economics (26% ROIC). Rapid growth (15% rev CAGR, 23% EPS CAGR next 5yrs). Trades 22x P/E. Bull case: 25% CAGR, bear case: -31% 5yr TSR. Key risks: overexpansion, competition.
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