Added to YB: 2024-03-18
Pitch date: 2024-03-18
EXTO [bullish]
Almacenes Éxito S.A.
Author Info
No bio for this author
Company Info
Almacenes Éxito S.A., together with its subsidiaries, operates as a retail commerce in Columbia, Argentina, and Uruguay.
Market Cap
EUR 6.1T
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.06
P/E
9.19
EV/Sales
0.37
Sector
Consumer Staples Distribution and Retail
Category
special_situation
Exito: Colombian Grocer At 4x EV/EBITDA & Discount To Tangible Book Value
EXTO: Colombian grocer, busted special situation post-tender. At 4x EV/EBITDA, discount to tangible book, 20x trailing P/E but underearning (2023 hit by spin costs+FX loss). Normalized EPS 2-3x higher = single-digit P/E, 14-21% div yield. New owner Calleja (El Salvador) superior steward; tight 14% float on thin volume = big upside on sentiment shift. Risk: Ara/D1 discount competition.
Read full article (11 min)