Added to YB: 2024-01-09
Pitch date: 2024-01-09
ALVU.PA [bullish]
Vente-Unique.com SA
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Vente-Unique.com SA engages in the sale of furniture and home equipment in France and internationally.
Market Cap
EUR 152.9M
Pitch Price
N/A
Price Target
25.00
Dividend
2.66%
EV/EBITDA
8.69
P/E
16.25
EV/Sales
0.85
Sector
Specialty Retail
Category
value
Three-minute pitch #8
ALVU.PA: French furniture e-com, €130m mkt cap, ~€100m EV, 63% owned by CAFOM. Trades <9x FY23 EBITDA vs peers 19-22x. E-com growing +17%, GMV +28%. New marketplace (3P) model at ~100% EBITDA margins drives FY25 EBITDA to ~€18m. At 12x = €25, ~90% upside. Risks: macro, illiquid.
Read full article (4 min)