Added to YB: 2025-03-07
Pitch date: 2025-03-06
GREEN.ST [bullish]
Green Landscaping Group AB (publ)
Author Info
Company Info
Green Landscaping Group AB (publ), together with its subsidiaries, engages in the green space management business in Sweden, Norway, Germany, and Europe.
Market Cap
SEK 1.4B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.79
P/E
10.82
EV/Sales
0.55
Sector
Commercial Services and Supplies
Category
growth
Allergic To Centralization
GREEN.ST: Under-radar Swedish landscaping serial acquirer (3.8B SEK cap). 70%+ non-cyclical rev from municipalities/private. Decentralized M&A: ~8x EBIT, 18% incremental ROE, huge fragmented TAM. Base case 52 acquisitions to 2028, EBIT/share 6.8→13 SEK, 18% CAGR. At 12x NTM EV/EBIT, mid-teens IRR. 40% insider ownership. Risks: dilution, Swedish construction downturn (why cheap now). Wants sub-60 SEK entry vs 67.5.
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