Added to YB: 2026-07-29
Pitch date: 2026-07-26
PRM [neutral]
Perimeter Solutions, Inc.
Author Info
No bio for this author
Company Info
Perimeter Solutions, Inc. manufactures and supplies firefighting products, electronic components, lubricant additives, and engineered machinery in the United States, Germany, and internationally.
Market Cap
$5.5B
Pitch Price
N/A
Price Target
53.00
Dividend
N/A
EV/EBITDA
-63.33
P/E
-26.91
EV/Sales
9.61
Sector
Chemicals
Category
growth
Perimeter Solutions: Can The Compounding Playbook Strike Twice?
PRM (watchlist): Serial acquirer led by TransDigm's Howley + Thorndike (The Outsiders). Fire Safety monopoly (QPL moat, 60 airbases) + Specialty Products (now 64% rev) via $700M MMT deal. Rev CAGR 46% since inception. Risks: 4x leverage post-MMT, hedge-fund-like founder fees (1.5%+18%) diluting shares till 2031. Base case $46 (17x EV/EBITDA, 25% MOS), weighted $53 (7% CAGR). Awaiting debt reduction & MMT validation before buying.
Read full article (13 min)