Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-08
CMTOY [bullish]
Cementos Argos S.A.
+58.51%
current return
Author Info
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Company Info
Cementos Argos S.A. offers cement, concrete, aggregates, ready-mix concrete, and hydrated lime products in Colombia, the Caribbean, Central America, and the United States.
Market Cap
$12.6T
Pitch Price
$8.93
Price Target
16.00 (+13%)
Dividend
1.22%
EV/EBITDA
7.25
P/E
19.22
EV/Sales
1.29
Sector
Construction Materials
Category
value
Unlocking Value: Cementos Argos and the Summit Materials Opportunity
CMTOY: Colombian holding co trading below NAV. Owns 54.7m SUM shares ($2.9bn) vs $2.8bn mcap, $500m net debt. Non-US assets: $250-260m EBITDA, 6x multiple = $1.55bn. SUM buyout catalyst. $16 PT (40% upside). US ADR illiquid; Colombian shares liquid.
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