Added to YB: 2026-07-30
Pitch date: 2026-07-28
REZI [neutral]
Resideo Technologies, Inc.
-1.65%
current return
Author Info
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Company Info
Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally.
Market Cap
$5.5B
Pitch Price
$36.27
Price Target
46.00 (+26%)
Dividend
N/A
EV/EBITDA
9.46
P/E
-10.30
EV/Sales
1.20
Sector
Building Products
Category
special_situation
Quick Value #324 - Resideo + ADI Global
REZI (overview): Spin-off separating higher-margin manufacturing (RemainCo, #1 in thermostats/smoke detectors) from ADI Global distributor. Post $1.59bn Honeywell indemnification termination. SOTP: RemainCo $25-29 + SpinCo $13-17 = $38-46/sh vs $35 (9-35% upside). 9.6x EBITDA. Catalysts: spin, deleveraging, preferred cleanup. Risks: housing recovery reliance, Nest competition. Waiting for initial trading.
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