Professional
Added to YB: 2024-01-11
Pitch date: 2024-01-11
NVT [bullish]
nVent Electric plc
+84.04%
current return
Author Info
No bio for this author
Company Info
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
Market Cap
$12.5B
Pitch Price
$55.26
Price Target
N/A
Dividend
1.05%
EV/EBITDA
18.37
P/E
52.76
EV/Sales
4.23
Sector
Electrical Equipment
Category
growth
Upslope Capital new position: nVent Electric (NVT)
$NVT: Dominant electrical component supplier, IRA beneficiary, strong M&A track record. 80% share in Enclosures, leading Elec & Fastening segment. Strong FCF, reasonable valuation at 5% '24 FCFF yield. Risks: cyclicality, IRA demand fading, M&A execution.
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