Added to YB: 2025-01-21
Pitch date: 2025-01-20
WHS.NZ [bullish]
The Warehouse Group Limited
-26.21%
current return
Author Info
Fundamental Goob is an analyst on UK, AU, NZ and US equities who shares insights in their newsletter. Sign up for the newsletter.
Company Info
The Warehouse Group Limited, together with its subsidiaries, engages in the operation of retail stores in New Zealand.
Market Cap
NZD 348.8M
Pitch Price
NZD 1.03
Price Target
1.70 (+124%)
Dividend
N/A
EV/EBITDA
5.60
P/E
56.97
EV/Sales
0.37
Sector
Broadline Retail
Category
turnaround
New Zealand Economic Recovery: Trade Basket - The Warehouse Group Limited
WHS.NZ: Discount retailer at all-time lows after 74% drop since 2021. Turnaround story: new CEO, core focus, cost-cutting. Adamantem bid backed by founder Tindall suggests 3.9% EBIT margin potential. 37% of stores have local monopolies. Recovery to 2.8% margins could yield 7x FCF multiple. Potential 2nd takeover attempt with 60-70% premium.
Read full article (4 min)