Added to YB: 2024-12-16
Pitch date: 2024-10-30
CLMT [bullish]
Calumet, Inc.
+55.03%
current return
Author Info
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Company Info
Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally.
Market Cap
$2.8B
Pitch Price
$21.21
Price Target
70.00 (+113%)
Dividend
N/A
EV/EBITDA
98.83
P/E
-14.78
EV/Sales
1.30
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.
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