Professional
Added to YB: 2024-11-27
Pitch date: 2024-11-12
AXTA [bullish]
Axalta Coating Systems Ltd.
-21.99%
current return
Author Info
No bio for this author
Company Info
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
Market Cap
$6.2B
Pitch Price
$39.98
Price Target
47.00 (+51%)
Dividend
N/A
EV/EBITDA
8.53
P/E
13.82
EV/Sales
1.74
Sector
Chemicals
Category
growth
Axalta Coating Systems Ltd.: Re-Rate in process, more to come. Initiate at Outperform.
AXTA: Outperform, $47 PT. New mgmt driving margin expansion & growth via A-Plan. 21% EBITDA margin already achieved, 22%+ possible by 2026. $500M sales growth target achievable despite auto build concerns. Trades 9.8x NTM EBITDA vs peers 12x+. Re-rating to 11x 2025E EBITDA = 17% upside.