Added to YB: 2024-12-16
Pitch date: 2024-10-30
CLMT [bullish]
Calumet, Inc.
-3.54%
current return
Author Info
No bio for this author
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$1.6B
Pitch Price
$21.21
Price Target
70.00 (+242%)
Dividend
N/A
EV/EBITDA
11.66
P/E
-43.44
EV/Sales
1.01
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Calumet, Inc. - $CLMT
CLMT: $1.44B DOE loan for MRL renewables facility exceeds expectations. Implies $580M EBITDA at 21k bpd capacity. $15-35/share upside from loan size alone. Expect partial MRL monetization 1H 2025, likely to Shell. $55-70 price target based on 10x EBITDA for SAF business + SPS value. Risks: loan delay, lower spreads.
Read full article (9 min)