Added to YB: 2025-01-14
Pitch date: 2025-01-14
CLMT [bullish]
Calumet, Inc.
+54.52%
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
$2.5B
Pitch Price
$19.02
Price Target
40.00 (+36%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
value
Calumet’s FCF Projections Suggest Significant Upside from Current Levels
CLMT: Mgmt guides $160-200M FCF for 2025 (9-11% yield), but sandbagged. Actual FCF likely $235-275M (13-15% yield) due to higher SAF production. Add $100M from soybean margin reversion = 18-20% FCF yield. $40 PT at 10% yield. MaxSAF expansion in '26 upside. Mispriced on near-term FCF.
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