Added to YB: 2024-12-02
Pitch date: 2024-12-01
ACNT [bullish]
Ascent Industries Co.
+43.73%
current return
Author Info
Company Info
Ascent Industries Co. engages in the development, production, and distribution of specialty chemical solutions.
Market Cap
N/A
Pitch Price
$10.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Chemicals
Category
turnaround
A bad company/good company setup - led by new management
ACNT: Bad/good co setup. Two segments (commodity tubular + specialty chemicals) at cyclical lows. New mgmt (ex-Clearon Kitchen/Kavalauskas) lifted gross margins 5%→15% in 2024 despite industry headwinds. Tubular sale likely worth ~$65M+ (59% of $110M cap); chem alone worth ~current cap. Post-sale EV ~$37M, <3x EV/EBITDA on normalized chem. Trades just above tangible book. Risks: Privet exited 17%, no sale yet, cyclical timing on M&A.
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