Professional
Added to YB: 2024-01-22
Pitch date: 2024-01-22
ALOT [bullish]
AstroNova, Inc.
-55.73%
current return
Author Info
Atai Capital is a long only, concentrated, small-cap value fund. Sign up for the newsletter.
Company Info
AstroNova, Inc. designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Canada, Asia, Central and South America, and internationally.
Market Cap
$67.0M
Pitch Price
$18.05
Price Target
34.00 (+318%)
Dividend
N/A
EV/EBITDA
9.21
P/E
-3.90
EV/Sales
0.72
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Atai Capital Management holding: AstroNova ($ALOT)
$ALOT EBITDA to nearly double not from narrowbody recovery but label printer biz margin gains. Recent Q showed EBITDA $14.5M to $22.5M, EBIT margins +650bps QoQ to 18.1% on mix & pricing. Skeptical but restructuring & Trojan ink fix hint more. At $17, 5.5x EBITDA upside even if normalized. $28M EBITDA at 10x = $34/sh. Room to run.
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