Professional
Added to YB: 2024-02-15
Pitch date: 2024-02-13
SMG [bullish]
The Scotts Miracle-Gro Company
+9.93%
current return
Author Info
No bio for this author
Company Info
The Scotts Miracle-Gro Company, together with its subsidiaries, engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.
Market Cap
$3.2B
Pitch Price
$52.53
Price Target
95.00 (+65%)
Dividend
4.83%
EV/EBITDA
10.16
P/E
22.14
EV/Sales
1.53
Sector
Chemicals
Category
value
The Scotts Miracle-Gro Company Will Benefit From Strong Gardening Brands Driving Profit Restoration
SMG: Leads US lawn & garden mkt, riding housing recovery. Brands allow premium pricing despite competition. US consumer 80% of FY23 rev to gain from gardening interest & dominant brands. Urban shift, online price pressure are risks. Hawthorne <15% of rev, has cannabis tailwinds but may be divested. Customer concentration & cannabis regs are risks. $95 FVE on strong consumer seg & Hawthorne potential.
Read full article (9 min)