Professional
Added to YB: 2024-02-12
Pitch date: 2024-02-12
CASY [bullish]
Casey's General Stores, Inc.
+90.98%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey’s General Store names in the United States.
Market Cap
$20.7B
Pitch Price
$282.79
Price Target
N/A
Dividend
0.41%
EV/EBITDA
17.96
P/E
35.73
EV/Sales
1.41
Sector
Consumer Staples Distribution and Retail
Category
growth
Casey’s General Stores – well-fueled growth?
CASY: Midwest c-store chain w/ 2,600 stores. Decades of double-digit sales & profit growth via new builds + M&A at 6-9x EBITDA. Fuel margins surged from ~20cpg to 35-45cpg post-COVID as single-store operators (~60% of industry) hiked prices to offset inflation. 22x P/E for 8-10% LT EPS growth potential. Key risks: fuel margins, EV adoption (slower in CASY states).
Read full article (9 min)