Added to YB: 2024-12-20
Pitch date: 2024-12-19
MAGN [bullish]
Magnera Corporation
-21.67%
current return
Author Info
Catapult Capital is a fixed income PM in NYC who shares stock pitches. Sign up for the newsletter.
Company Info
Magnera Corporation manufactures and sells non-woven and related products worldwide. It sells its products primarily into consumer-oriented end markets, such as healthcare, and personal care.
Market Cap
$532.7M
Pitch Price
$17.72
Price Target
45.00 (+224%)
Dividend
N/A
EV/EBITDA
7.02
P/E
-3.97
EV/Sales
0.69
Sector
Paper and Forest Products
Category
turnaround
Magnera Corporation - $MAGN
MAGN: White label non-woven paper products maker. Post-merger of Glatfelter & Berry Global spinoff. Oversupplied market, but signs of bottoming. $45 PT based on 3 scenarios: stagnant margins ($35), normalization ($69), decline ($5). Leverage amplifies upside. Waiting for selling pressure to clear & financials to prove out.
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