Added to YB: 2024-07-16
Pitch date: 2024-07-16
KLNG [bullish]
Koil Energy Solutions, Inc.
+141.33%
current return
Author Info
Company Info
Koil Energy Solutions, Inc., an energy services company, provides equipment and support services to the energy and offshore industries worldwide.
Market Cap
$28.8M
Pitch Price
$0.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.15
P/E
123.70
EV/Sales
1.26
Sector
Energy Equipment and Services
Category
turnaround
Picks-and-shovel play for a growing Energy sub-segment at a run-rate P/E of 5
KLNG: Subsea equipment picks-and-shovels play. Never profitable historically but Q1 2024 breakout: $0.05 EPS, annualizes to $0.20 = 4.5x P/E at $0.85. Turnaround via new Houston facility, 20,000psi connector, offshore GoM upswing. Zero debt, BV $0.47, activist Galloway + value funds hold. ~$5M float, illiquid. High barriers, mission-critical products. Downside protected, big upside if growth extends.
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