Professional
Added to YB: 2024-11-26
Pitch date: 2024-11-24
UBI.PA [bullish]
Ubisoft Entertainment SA
Author Info
No bio for this author
Company Info
Ubisoft Entertainment SA produces, publishes, distributes, and operates video games for consoles, PC, smartphones, and tablets in both physical and digital formats in Europe, North America, and internationally.
Market Cap
EUR 961.3M
Pitch Price
N/A
Price Target
45.90
Dividend
N/A
EV/EBITDA
23.61
P/E
-12.69
EV/Sales
1.26
Sector
Entertainment
Category
turnaround
Sohn Conference - Ubisoft Entertainment SA - $UBI.PA
UBI.PA: Video game dev w/ top titles. 8.2% rev CAGR since '09, 7.3% avg op margin. 90% share drop since '18 due to delays & costs. Tencent 9.2% stake at €66/sh vs €10-14 now. 11x fwd P/E. Poor cash returns, high dev costs. Bull case: €500M FCF (8% yield) = 260% upside. Buyout rumors.
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