Professional
Added to YB: 2025-01-10
Pitch date: 2025-01-06
CSX.AX [bullish]
CleanSpace Holdings Limited
-12.09%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
CleanSpace Holdings Limited designs, manufactures, and sells respirators and related products and services for people working in industrial and healthcare environments in the United Kingdom, rest of Europe, the Asia Pacific, North America, and internationally.
Market Cap
AUD 32.4M
Pitch Price
AUD 0.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
-39.74
P/E
18.21
EV/Sales
1.17
Sector
Health Care Equipment and Supplies
Category
growth
Idea Brunch with Luke Winchester of Merewether Capital - CleanSpace Holdings Limited
CSX.AX: Industrial respirator maker pivoting from COVID boom. Revenue: $11m (2019) to $50m (2021), now $13m (2022). Industrial segment growing 30% CAGR. 70% GM, capital-light, distributor model. Approaching breakeven 2024, modest profits 2025. 20x 2024 op profits, potential 8x 2026 at 30% growth. Risks: low end-customer visibility, inventory cycles.
Read full article (2 min)