Added to YB: 2025-01-02
Pitch date: 2024-11-14
AMBC [bullish]
Ambac Financial Group, Inc.
-29.58%
current return
Author Info
No bio for this author
Company Info
Ambac Financial Group, Inc. operates as a financial services holding company. It operates in two segments, Specialty Property and Casualty Insurance; and Insurance Distribution.
Market Cap
$392.1M
Pitch Price
$12.17
Price Target
23.00 (+176%)
Dividend
N/A
EV/EBITDA
218.51
P/E
-11.21
EV/Sales
3.41
Sector
Insurance
Category
special_situation
Ambac Financial Group, Inc. - $AMBC
AMBC: Transforming from legacy financial guarantor to MGA platform. LFG sale to Oaktree for $420M pending approval. Beat Capital acquisition for $280M. Pro forma: $270-290M cash, no debt. Cirrata MGA $30M EBITDA. Everspan P&C $134M BV. $1.3B NOLs. Upside to $22-23, downside $13-14. Key risks: deal approval, capital allocation.
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